Crypto analyst James Check says the Bitcoin treasury strategy is getting to the point where new firms will find it hard to gain momentum “without a serious niche.”

Bitcoin treasury playbook faces ‘far shorter lifespan’ — Analyst

Singapore-based Amber International Holding Limited (Nasdaq: AMBR) has raised 
$25.5 million in a private placement to enhance its $100 million Crypto 
Ecosystem Reserve Strategy. Amber International Funds BTC, ETH, SOL Purchases 
with New Capital According to the announcement filed with the U.S. Securities 
and Exchange Commission (SEC), institutional investors, including CMAG Funds, 
Mile Green, Pantera […]

Amber International Raises $25.5M to Boost $100M Crypto Reserve

Ethereum is still struggling below $3,000 despite the Bitcoin price sitting 
close to all-time highs. At the current levels, Ethereum continues to look 
incredibly bearish, with sell-offs dominating the market at this level. While 
piling shorts are pointing to a possible relief rally, there is also the 
possibility that the price will crash back down from here. Crypto analyst 
Weslad maps out the ETH price trajectory using the ABCDE wave structure, 
showing a possible crash below $2,000. The Bullish Ethereum Scenario Weslad 
points to the 2021 Ethereum peak when the price reached $4,851 as the point 
when a large-scale symmetrical pennant had formed for the digital asset. 
Interestingly, this has continued for multiple years already, and continues to 
play out even in 2025, four years later. So far, the analyst believes that the 
altcoin has been in a long-term accumulation phase in a defined corrective 
range. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance 
Still Too High: Market Expert Says Another important development is the 
formation of an ABCDE wave pattern. This pattern often predicts peaks and 
troughs, and depending on where the asset is in the pattern, it could point to 
a recovery or a crash. Presently, the crypto analyst puts the Ethereum price 
as being somewhere in a D wave, which is still bullish for the price. 
“Currently, price action is developing near point D, approaching the upper 
boundary of the pennant, a crucial area that could define the next directional 
move,” the analyst said. If this D wave plays out as expected, then the 
Ethereum price is expected to actually surge from here. The top of this 
pattern would put it above $3,500 before the move is completed. On the upper 
end of this is the formation of an Inverse Head and Shoulders Pattern. This 
pattern has seen the $2,855 acting as key resistance, beating the Ethereum 
price down multiple times this year. However, if a sustained break is achieved 
above this level, in conjunction with a breakout from Wave D, then it is 
possible that the price does rally to new all-time highs above $6,000. The 
Bearish Scenario While the formation of the ABCDE wave count points to some 
bullishness for the Ethereum price, there is still the possibility that the 
price could go in the opposite direction. For example, after the D wave is 
completed, comes the next wave in the sequence, which is the E wave, and this 
is a bearish wave. Related Reading: Altcoin Season Not Remotely Close, Bitcoin 
Dominance Still Too High: Market Expert Says As the crypto analyst explains, a 
temporary rejection at the neckline or pennant resistance would trigger an E 
wave retracement. In this case, the Ethereum price could see an over 30% 
crash, putting it back toward the $1,400-$1,800 level, where there is the most 
support. “Recent price behavior shows compressed volatility and increased 
buying interest on dips, reinforcing the possibility of an imminent 
directional breakout,” Weslad warned. “A decisive move outside this macro 
structure may mark the beginning of a new phase of long-term price expansion.” 
Featured image from Dall.E, chart from TradingView.com

Ethereum Wave Count Predicts Price Crash To $1,800 — But $6,000 Is Still In Play

The Coinbase executive says he is “speculating on straws,” but if it is true, 
it would be “by far the largest heist in human history.”

‘Small possibility’ $8.6B Bitcoin transfer was due to hack: Coinbase exec

As the market sees a Friday retrace, Bitcoin (BTC) is attempting to reclaim a 
crucial area as support. An analyst suggests that the flagship crypto’s daily 
close could set the stage for a bullish end of the week despite potential 
volatility. Related Reading: SUI Prepares For Bullish Flag Breakout Amid $3 
Reclaim – Analyst Doubles The Target Bitcoin Breakout To Come ‘Sooner Or 
Later’ At the start of the new quarter, Bitcoin has retested crucial levels, 
touching the $105,000 support and $110,000 resistance over the past four days. 
Amid its Tuesday pullback, the flagship crypto fell to a two-week low but 
managed to bounce from a crucial range. Analyst Sjuul from AltCryptoGems 
previously noted that BTC needed a strong rebound from the “most important” 
support and resistance area, between the $104,000 and $106,000 price levels, 
explaining that failing to hold this range would open the door for a drop to 
the range lows around $101,000. On Friday, the analyst highlighted Bitcoin’s 
price action after holding the key levels, which “provided the perfect entry 
for a bounce, just as expected.” Following this performance, he asserted that 
Bitcoin is expanding on its two-month Power of Three (Po3) setup, signaling 
that potential further expansion is ahead. Nonetheless, he pointed out that 
the flagship crypto is still trading in a two-month range, suggesting a 
volatile price action until the price successfully breaks out, which it has 
attempted to do earlier this week. “Since we are in a range, we are forced to 
respect the key levels of the range: high, mid, and low,” Sjuul detailed, 
adding that all eyes are currently on the mid-range, where bulls must step in 
to confirm the bullish move to the range high. Based on this, the analyst 
forecasted another move above the $110,00 mark, where “we have left a lot of 
unfinished business” and “plenty of liquidity lies.” He pointed to a huge 
cluster near the $111,000 area in BTC’s Liquidity Heatmap, affirming that 
“price is attracted by liquidity, so I am expecting that level to be visited 
sooner or later.” BTC Eyes Pivotal Closes After being rejected from the 
$108,000 at the start of the week, analyst Rekt Capital noted that Bitcoin 
broke out of two 2-week downtrends in the past 40 days but was rejected from 
the crucial 6-week diagonal downtrend, around the $108,000 mark, during the 
same timeframe. This week, BTC closed above this resistance twice, and daily 
closed above the $109,000 mark on Thursday. However, Friday’s pullback saw 
Bitcoin drop below the crucial level, falling to the $107,245 area. The 
analyst considers that a key retest of the pattern is in progress. He 
previously explained that any dipping into the top of Bitcoin’s pattern could 
“technically be considered additional retesting to further solidify the 
recently broken black diagonal resistance into new support.” Nonetheless, BTC 
must close today above the diagonal resistance for a successful retest. 
“Bitcoin is losing the diagonal for the moment. But if price Daily Closes 
above the diagonal, then this will have ended as a downside wick as part of a 
volatile retest. Upcoming Daily Close will be pivotal,” he stated. Related 
Reading: Ethereum Eyes Key Resistance As Price Reclaims $2,550 – Here Are The 
Levels To Watch Meanwhile, Bitcoin is also on the cusp of making history as 
its price nears the “final major Weekly resistance” around the $109,000. Rekt 
Capital detailed that if BTC closes above this level, it would confirm a break 
from this major resistance, which would likely unlock a new all-time high 
(ATH). He concluded that, with the recent weekend volatility, “we won&#8217;t know 
until the very last moment heading into the new Weekly Close whether this 
level has been flipped into support or not.” Featured Image from Unsplash.com, 
Chart from TradingView.com

Bitcoin Near Historic Weekly Close Despite Drop – Analyst Warns Of Volatile Weekend

On-chain data shows Shiba Inu (SHIB) has its supply more concentrated on the 
largest holders than other assets like Ethereum (ETH) and Pepe (PEPE). Shiba 
Inu Has 62% Of Its Supply Controlled By Top 10 Whales In a new post on X, the 
on-chain analytics firm Santiment has shared how some top coins currently 
compare against each other in terms of the percentage of supply held by the 
ten largest wallets on the respective networks. Below is a chart showing the 
trend in this metric for eight cryptocurrencies: Shiba Inu, Ethereum, Pepe, 
USDT, USDC, DAI, Chainlink (LINK), and Uniswap (UNI). As is visible in the 
graph, the stablecoin USDC has the lowest amount of supply concentrated on the 
top 10 addresses among these assets at around 27%. Chainlink and DAI come 
close with the metric sitting at 32% and 33%, respectively. Others like 
Uniswap and Ethereum, however, have a more significant part of their supply 
under the control of these humongous entities: 51% and 49%, respectively. One 
asset that particularly stands out is Shiba Inu, with a massive 62% of its 
supply belonging to the ten largest whales on the network. For comparison, the 
other memecoin on the list, Pepe, has the same metric at 39%. Generally, the 
centralization of supply on just a few hands isn&#8217;t a constructive sign for any 
cryptocurrency&#8217;s stability, as tokens signify power on the network. It&#8217;s 
especially relevant in the case of a proof-of-stake (PoS) asset like Ethereum. 
As Santiment explains, As a retail trader, it&#8217;s generally safer to hold coins 
with less supply held by the most elite whales. There is less risk of sudden 
dumps or price manipulation should an asset&#8217;s largest whales decide to exit 
their positions. Given this, the assets like Ethereum, Uniswap, and Shiba Inu 
that currently have a majority of their supply or close to it in the hands of 
the top 10 whales may not be in the best position right now. In some other 
news, the cryptocurrency market sentiment is on the verge of extreme greed, 
according to the Fear &amp; Greed Index. The Fear &amp; Greed Index is an indicator 
created by Alternative that inputs a few different factors to determine the 
investor mentality as a score lying between zero and hundred. As displayed 
above, the cryptocurrency Fear &amp; Greed has a value of 73 at the moment. This 
corresponds to the presence of a strong sentiment of greed present among the 
traders. Historically, markets have often moved in the direction that goes 
contrary to the expectations of the crowd. The probability of a contrary move 
is especially strong in the extreme ends of the index. For now, the market is 
still outside of the extreme greed zone, but only by a couple of units. SHIB 
Price At the time of writing, Shiba Inu is trading around $0.0000115, up over 
3% in the last seven days. Featured image from Dall-E, Alternative.me, chart 
from TradingView.com