SharpLink Gaming is currently the second-largest Ethereum treasury firm after BitMine Immersion Technologies.

SharpLink’s Joe Lubin wants to buy ETH faster than any other firm

Sonic has broken below the point of control, accelerating bearish momentum 
toward a major confluence zone. Price now approaches the value area low, where 
a potential bottoming structure may decide its next move. The recent candle 
close below the point…

Sonic weakness continues below support, why price can reach a new yearly low

Backed by Cantor Fitzgerald, Tether and SoftBank, Twenty One Capital now holds 
over 43,500 BTC, surpassing early projections, according to Bloomberg.

Twenty One Capital’s Bitcoin stash is bigger than initially expected

Bitcoin trades at a critical level, holding steady above $118,000 but failing 
to gain momentum for a breakout. Price action has continued to tighten over 
the past several days, and analysts now anticipate a major move once either 
key supply zones are absorbed or demand breaks below. The market sits on edge, 
waiting for confirmation of the next trend. Related Reading: Bitcoin Demand 
Builds at $117K: Cost Basis Distribution Defines Key Support Level Fresh data 
from CryptoQuant highlights a notable shift in long-term holder (LTH) 
behavior. At $118K, LTH supply began to decline, signaling the start of a 
distribution phase. These holders, known for accumulating during downtrends 
and selling into strength, are now gradually offloading their positions. This 
transition often marks the later stages of a bullish trend and echoes patterns 
from previous macro cycles. As Bitcoin struggles to break past resistance and 
LTHs reduce exposure, pressure continues to build. A clean breakout above the 
current range could reignite momentum and drive BTC to new highs, while a 
break below support may trigger a sharper correction. Either way, the current 
standoff won’t last much longer. The coming days could bring the decisive move 
that sets the tone for Bitcoin’s next major leg. LTH Distribution Begins As 
Bitcoin Mirrors Fall 2024 Pattern Top analyst Axel Adler has highlighted a key 
development in Bitcoin’s current structure. According to Adler, LTH supply has 
declined by 52,000 BTC so far, marking a significant shift in behavior. These 
holders, typically seen as the market’s most patient participants, are now 
beginning to reduce their exposure—just as Bitcoin remains locked in a tight 
consolidation range. This shift from accumulation to distribution closely 
mirrors the LTH behavior seen during fall 2024, when Bitcoin climbed from 
$65,000 to $100,000. In that period, long-term investors steadily sold into 
strength as the market pushed higher, locking in profits as late-stage 
momentum kicked in. Adler suggests that if the current trend continues, the 
distribution phase will intensify with each price leg up—just as it did in 
previous macro cycles. The timing of this transition is critical. Bitcoin 
continues to hover just below all-time highs, while altcoins have begun to 
show signs of increased volatility. As Ethereum and other major assets begin 
to move more aggressively, capital rotation may accelerate. Whether this 
benefits or pressures Bitcoin remains to be seen. Related Reading: TRON Sees 
$1B USDT Mint: Liquidity Wave Incoming? BTC Holds Steady As Tight Range 
Continues Bitcoin remains in a tight consolidation range between $115,724 and 
$122,077, with the 4-hour chart showing price currently hovering around 
$118,817. After bouncing from the lower boundary last week, BTC has managed to 
recover and now trades above the 50 SMA ($118,175), 100 SMA ($118,228), and 
well above the 200 SMA ($113,777). These moving averages have flattened, 
reflecting the ongoing equilibrium between buyers and sellers. Despite several 
tests of the $118K zone, BTC continues to respect the key support levels, 
showing resilience as selling pressure remains muted. Volume, however, remains 
low—suggesting that traders are still in wait-and-see mode, looking for a 
decisive breakout before committing to larger positions. Related Reading: 
Ethereum CME Futures Open Interest Hits Record $7.85B – Is ETH Overheating? 
The upper resistance at $122K remains untouched since mid-July, and each 
approach has been met with rejection. A clean break above this level with 
volume confirmation would signal a continuation of the broader uptrend and 
could trigger a move toward new all-time highs. On the downside, a break below 
$115K would invalidate the current structure and likely lead to increased 
volatility. Featured image from Dall-E, chart from TradingView

Bitcoin Long-Term Holders Begin Distribution: Mirroring Fall 2024 Cycle

BTC price action turns weaker after the Wall Street open, with Bitcoin market 
participants bracing for lower levels despite bullish US macro data.

Bitcoin slides below $117.5K amid warnings further BTC price drops next

Algeria&#8217;s crypto ban may stifle innovation and deter tech-savvy youth, 
potentially hindering economic diversification and digital growth.
The post Algeria bans all crypto activity; violators face up to one year in 
jail and $7,700 fines appeared first on Crypto Briefing.