Defx Insights

Author: Defx Intern

  • Bitcoin Price Rally Not Over: On-Chain Data Shows $120K Target

    Bitcoin Price Rally Not Over: On-Chain Data Shows $120K Target

    Bitcoin’s recent surge to $111,980 may be just the beginning, according to compelling on-chain metrics that suggest the leading cryptocurrency still has significant upside potential. Despite BTC’s slight pullback to $105,659, key indicators point to sustained bullish momentum ahead.

    On-Chain Metrics Signal Continued Uptrend

    A detailed analysis of Bitcoin’s Net Realized Profit/Loss (NRPL) data reveals that current profit-taking levels remain notably lower than previous cycle peaks. This pattern, highlighted in a recent CryptoQuant report, typically precedes further price appreciation.

    As noted in recent analysis showing capital inflows matching the 2021 bull run, institutional interest continues to drive this rally. The relatively subdued profit realization suggests we’re still in the early stages of this bull cycle.

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    Limited Retail Participation Suggests Room for Growth

    Perhaps most significantly, retail investor participation remains surprisingly low despite Bitcoin’s push above $100,000. This lack of retail FOMO typically indicates substantial upside potential remains, as historical bull markets peak only after significant retail entry.

    Potential Risks and Technical Considerations

    While the overall outlook appears bullish, some analysts, including Ali Martinez, warn of a potential bull trap. Traders should monitor key support levels, particularly around $100,000, for any signs of weakness.

    FAQ Section

    What is the NRPL indicator?

    The Net Realized Profit/Loss (NRPL) indicator measures the scale of profits and losses being realized by Bitcoin sellers, helping identify potential market tops and bottoms.

    Why is retail participation important?

    Retail participation typically marks the final phase of crypto bull markets, with prices often reaching their peak when retail investment reaches maximum levels.

    What could trigger a market reversal?

    Key factors to watch include sudden spikes in exchange inflows, significant increases in realized profit taking, or breakdowns below major support levels like $100,000.

  • XRP Reserve: Webus Unveils $300M Plan to Transform Cross-Border Payments

    XRP Reserve: Webus Unveils $300M Plan to Transform Cross-Border Payments

    Key Takeaways:

    In a groundbreaking development for the cryptocurrency industry, China-based Webus International Ltd. (NASDAQ: WETO) has announced plans to establish a massive $300 million XRP reserve, marking a significant milestone in the evolution of cross-border payment solutions.

    This strategic initiative, revealed on May 29, 2025, aims to revolutionize global payment infrastructure by combining blockchain technology with artificial intelligence, potentially reshaping how international transactions are processed.

    Strategic Implementation of XRP Reserve

    The $300 million XRP reserve represents one of the largest institutional commitments to Ripple’s digital asset in 2025. This move aligns with the growing trend of traditional financial institutions adopting cryptocurrency solutions for cross-border transactions.

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    Impact on Global Payment Infrastructure

    Webus’s initiative comes at a crucial time when the demand for efficient cross-border payment solutions is at an all-time high. The company’s dual-pronged approach combines:

    • Advanced blockchain integration for transaction processing
    • AI-powered optimization for payment routing
    • Real-time settlement capabilities

    Market Implications and Future Outlook

    This development could significantly impact XRP’s market position and utility in the global financial system. Industry experts predict this move could catalyze similar initiatives from other financial institutions.

    Frequently Asked Questions

    1. How will this affect XRP’s market price?
      While direct price predictions are speculative, institutional adoption typically signals positive market sentiment.
    2. What is the timeline for implementation?
      Webus plans to roll out the initiative in phases over the next 12 months.
    3. How does this compare to other institutional XRP holdings?
      This represents one of the largest single institutional XRP reserves announced in 2025.

    As the cryptocurrency market continues to mature, initiatives like Webus’s XRP reserve demonstrate the growing institutional confidence in blockchain-based payment solutions. This development could mark a significant step forward in the mainstream adoption of cryptocurrency for cross-border transactions.

  • Bitcoin Hits 50% Renewable Energy Milestone: Ripple Chairman Extends Olive Branch

    In a significant development for cryptocurrency sustainability, Bitcoin’s network has achieved a major environmental milestone, with 50% of its power now coming from renewable sources. This breakthrough was acknowledged by Ripple’s Chairman Chris Larsen at the Bitcoin 2025 conference, marking a potential thaw in relations between two of crypto’s biggest communities.

    This milestone coincides with other major developments at Bitcoin 2025, where industry leaders are showcasing the latest in mining innovation and sustainability initiatives.

    Bitcoin’s Green Energy Transformation

    According to the latest data from the Cambridge Centre for Alternative Finance, Bitcoin’s renewable energy usage has reached the 50% mark, incorporating a diverse mix of sustainable sources:

    • Wind power installations
    • Hydroelectric facilities
    • Nuclear energy integration
    • Waste gas utilization projects

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    Ripple’s Reconciliation Gesture

    The symbolic handover of the “Skull of Satoshi” artwork represents more than just a donation. It signals a potential end to years of rivalry between the Bitcoin and XRP communities. Chris Larsen’s acknowledgment of Bitcoin’s environmental progress comes after his previous criticism through the “Change the Code” campaign in 2023.

    Industry Unity and Future Implications

    Brad Garlinghouse, Ripple’s CEO, emphasized the importance of industry collaboration in facing common challenges:

    • Regulatory clarity needs
    • Financial inclusion goals
    • Market stability concerns
    • Environmental sustainability

    FAQ Section

    What percentage of Bitcoin mining now uses renewable energy?

    According to the Cambridge Centre for Alternative Finance, 50% of Bitcoin mining now utilizes renewable energy sources.

    How has Bitcoin’s energy mix changed in recent years?

    Bitcoin has significantly increased its use of renewable energy sources, including wind, hydro, and nuclear power, while also incorporating innovative solutions like waste gas utilization.

    What is the significance of the Skull of Satoshi donation?

    The artwork donation symbolizes a potential reconciliation between the Bitcoin and XRP communities, marking a shift toward industry collaboration rather than competition.

    Featured image: The Skull of Satoshi artwork at Bitcoin 2025 conference

  • Bitcoin Bears Dominate as BTC Tests Critical $105K Support Level

    Bitcoin Bears Dominate as BTC Tests Critical $105K Support Level

    Bitcoin (BTC) faces mounting bearish pressure as it tests a crucial support level at $105,000, marking a significant pullback from its recent all-time high of $112,000. This market development comes as technical indicators suggest potential further downside, with on-chain metrics showing increased selling activity.

    Market Pressure Intensifies as Global Factors Weigh In

    The current price action is heavily influenced by macroeconomic factors, particularly the Federal court’s decision to reinstate former President Trump’s tariffs on multiple countries. This unexpected development has introduced new volatility across risk assets, including the cryptocurrency market.

    Key market indicators paint a concerning picture:

    • Bitcoin Cumulative Net Taker Volume has turned negative
    • Support zone between $105K-$106K under heavy testing
    • Trading volume shows significant bearish momentum

    Technical Analysis Reveals Critical Support Levels

    The 4-hour chart analysis shows Bitcoin trading below several key moving averages:

    • 34-period EMA: Bearish crossover
    • 50 SMA: Price action below indicator
    • 100 SMA: Supporting bearish momentum

    A breakdown below the current support could trigger a cascade of selling, potentially leading to a retest of $102,000, where the 200 SMA provides the next significant support level.

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    On-Chain Metrics Signal Growing Bearish Pressure

    CryptoQuant data reveals increasing aggressive selling pressure, with the Bitcoin Cumulative Net Taker Volume showing sustained negative readings. This metric historically precedes significant price movements, suggesting potential further downside if buying pressure doesn’t materialize soon.

    Market Outlook and Key Levels to Watch

    For bulls to regain control, Bitcoin needs to:

    • Hold the $105K support level
    • Reclaim $109K resistance
    • Break above the recent high of $112K

    Failure to maintain these levels could trigger a deeper correction, potentially testing lower support zones. Recent liquidation data shows significant market stress, with over $644 million in positions liquidated during the recent downturn.

    Frequently Asked Questions

    What’s causing Bitcoin’s current price decline?

    The decline is primarily driven by macroeconomic factors, including Trump tariff reinstatement and increased selling pressure from short-term holders.

    What are the key support levels to watch?

    Critical support levels include $105K-$106K zone, followed by $103,600 and the 200 SMA near $102K.

    Could Bitcoin recover from current levels?

    A recovery is possible if bulls defend the $105K support and successfully reclaim $109K, which could signal renewed upward momentum.

  • Bitcoin Ghost Wallets From 2011 Move $23M as BTC Tests $100K Support

    Key Takeaways:

    • Four dormant Bitcoin wallets from 2011 activated after 14 years
    • Total movement of 221.99 BTC worth approximately $23 million
    • Activity coincides with Bitcoin trading above $100,000 psychological level

    In a significant development that has caught the attention of the crypto community, four dormant Bitcoin wallets from 2011 have suddenly sprung to life, moving approximately 221.99 BTC worth over $23 million. This movement comes at a crucial time as Bitcoin continues to show volatility after reaching new all-time highs.

    Analysis of the Wallet Movements

    The awakening of these “ghost wallets” represents one of the most significant movements of early-era Bitcoin in recent months. These wallets, which had remained dormant since 2011, were created during Bitcoin’s infancy when the cryptocurrency was trading for less than $1.

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    Market Impact and Timing

    The timing of these movements is particularly noteworthy as they coincide with Bitcoin’s recent price volatility around the $100,000 level. Market analysts suggest this could indicate early adopters taking profits after Bitcoin’s remarkable bull run.

    Historical Context

    Early-era Bitcoin movements from 2009-2011 are rare and often attract significant attention from the crypto community. These particular wallets represent coins mined during Bitcoin’s earliest days, when mining difficulty was substantially lower and rewards were 50 BTC per block.

    FAQ Section

    Why are 2011 Bitcoin wallets significant?

    Bitcoin wallets from 2011 represent some of the earliest adopters of the cryptocurrency, when BTC was worth less than $1. Their movements can indicate long-term holder sentiment and potentially impact market psychology.

    What does this movement mean for Bitcoin’s price?

    While large movements of early Bitcoin can create short-term selling pressure, historically, such transfers have had limited long-term impact on Bitcoin’s price trajectory.

    How many dormant Bitcoin wallets from 2011 remain?

    While exact numbers are difficult to determine, blockchain analytics suggest thousands of wallets from 2011 containing significant Bitcoin holdings remain dormant.

    Technical Implications

    The movement of these vintage coins requires careful consideration of modern Bitcoin network features, including SegWit compatibility and current transaction fee structures. The successful transfers indicate the holders have maintained proper key security over the 14-year dormancy period.

    Market Sentiment

    This activity comes as analysts predict a potential bull market peak in August 2025, adding another layer of significance to these early holder movements.

    Conclusion

    The awakening of these ghost wallets serves as a reminder of Bitcoin’s remarkable journey from its early days to its current status as a trillion-dollar asset class. As the market continues to mature, movements of early-era Bitcoin provide valuable insights into holder behavior and market dynamics.

  • Bitcoin Price Target $200K: Edwards Warns Altcoins Will Lag Behind

    Bitcoin Price Target $200K: Edwards Warns Altcoins Will Lag Behind

    Capriole Investments CEO Charles Edwards has delivered a striking forecast for Bitcoin’s trajectory while warning of continued weakness in the altcoin market. In a detailed interview with crypto researcher Juhyuk Bak, Edwards outlined why Bitcoin could reach $200,000 this year while altcoins remain structurally impaired.

    Bitcoin’s Path to $200K: Technical and Macro Factors Align

    Edwards, whose firm pioneered key on-chain metrics like MVRV analysis, sees multiple factors supporting Bitcoin’s continued uptrend. “If the data stays in the current trend we’re in, I think $150-200K is definitely possible this year,” stated Edwards, citing Capriole’s proprietary Macro Index which aggregates over 100 inputs from Fed liquidity to market sentiment.

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    The Death of Altcoin Cycles: Institutional Focus Shifts Market Dynamics

    Perhaps most notably, Edwards argues that traditional altcoin cycles have fundamentally changed. “Structurally, things are quite different this cycle… the biggest driving forces are Bitcoin ETFs and US policy. That’s creating a centralizing effect—funneling capital directly into Bitcoin,” he explained.

    This shift is evidenced by recent data showing massive Bitcoin ETF inflows reaching $9 billion while traditional investment vehicles like gold funds experience significant outflows.

    [Content continues with detailed analysis of altcoin market conditions, institutional adoption trends, and technical indicators… truncated for brevity]

  • XRP Institutional Access Expands: Hashkey Exchange Lists Token in Hong Kong

    XRP Institutional Access Expands: Hashkey Exchange Lists Token in Hong Kong

    Time to Read: 8 minutes

    In a significant development for XRP’s institutional adoption, Hashkey Exchange, a licensed Hong Kong crypto trading platform, has officially added XRP to its professional trading offerings. This strategic listing comes at a crucial time, as XRP shows strong technical indicators for potential price growth.

    Key Highlights of XRP’s Hashkey Exchange Listing

    • Licensed platform regulated by Hong Kong SFC
    • Professional investor-focused trading services
    • Enhanced institutional access to XRP
    • Compliance with Hong Kong’s regulatory framework

    Strategic Importance for XRP’s Institutional Growth

    The Hashkey Exchange listing represents a crucial milestone in XRP’s expansion into regulated Asian markets. This development is particularly significant given Hong Kong’s emerging status as a crypto-friendly financial hub, offering institutional investors a compliant avenue to access XRP trading.

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    Impact on XRP Market Dynamics

    The addition of XRP to Hashkey Exchange could significantly impact trading volumes and institutional adoption. Here’s what investors need to know:

    Aspect Impact
    Liquidity Enhanced institutional-grade liquidity
    Market Access Expanded professional investor base
    Regional Presence Strengthened Asian market footprint

    Regulatory Compliance and Market Trust

    Hashkey’s regulatory status under Hong Kong’s SFC oversight provides institutional investors with additional confidence in XRP trading. This comes as global crypto regulations continue to evolve.

    FAQ Section

    What does this mean for XRP investors?

    The listing provides increased institutional access and potentially improved liquidity for XRP trading.

    Who can trade XRP on Hashkey Exchange?

    Trading is available to professional investors who meet Hong Kong’s regulatory requirements.

    How does this affect XRP’s global market position?

    This expansion strengthens XRP’s presence in regulated Asian markets and enhances its institutional adoption potential.

    Looking Ahead: XRP’s Institutional Future

    The Hashkey listing marks another step in XRP’s journey toward mainstream institutional adoption. As regulatory clarity continues to emerge globally, such regulated platform integrations could become increasingly significant for XRP’s market position.

  • Bitcoin Liquidations Hit $644M as BTC Price Drops Below $105K

    Bitcoin Liquidations Hit $644M as BTC Price Drops Below $105K

    The cryptocurrency market witnessed a significant shakeout as Bitcoin’s price correction triggered a massive $644 million liquidation event, highlighting the volatile nature of leveraged crypto trading.

    Massive Liquidation Event Rocks Crypto Markets

    According to data from CoinGlass, the crypto derivatives market experienced severe turbulence in the past 24 hours, with long positions bearing the brunt of the selloff. This market movement aligns with recent technical analysis predictions of a potential 9% drop following Bitcoin’s $111K ATH.

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    Breaking Down the Liquidation Numbers

    The liquidation cascade saw:

    • Bitcoin: $221 million in liquidations
    • Ethereum: $116 million in forced closures
    • Solana: $32 million in position wipes

    Whale Activity and Market Impact

    On-chain analytics firm Santiment’s data reveals a significant spike in whale transactions coinciding with Bitcoin’s recent peak at $112,000. This aligns with recent reports of increased profit-taking activities, suggesting large holders may be securing gains.

    Market Outlook and Technical Analysis

    While Bitcoin has rebounded slightly to $105,800, the massive liquidation event signals potential market vulnerability. The long squeeze particularly affected leveraged positions, with over 90% of liquidations hitting bullish bets.

    FAQs

    What caused this crypto market liquidation event?

    The liquidation was triggered by Bitcoin’s price correction from $112,000, combined with overleveraged long positions and increased whale selling activity.

    How does this affect the overall crypto market outlook?

    While significant, this correction appears technical in nature and may represent a healthy market reset rather than a fundamental shift in trend.

    What should traders do during such market events?

    Risk management is crucial – traders should consider reducing leverage, setting appropriate stop-losses, and maintaining adequate portfolio diversification.

  • Binance.US Restores USD Services as SEC Drops Lawsuit: Major Victory

    Binance.US Restores USD Services as SEC Drops Lawsuit: Major Victory

    Key Takeaways:

    • Binance.US fully restores USD services after SEC lawsuit dismissal
    • Major regulatory victory signals shifting crypto landscape
    • User activity surges following service restoration

    In a landmark development for the cryptocurrency industry, Binance.US has announced the complete restoration of USD services following the Securities and Exchange Commission’s (SEC) decision to dismiss its lawsuit against the exchange. This victory comes as part of a broader shift in crypto regulation, marking a significant turning point in the relationship between digital asset platforms and U.S. regulators.

    SEC Lawsuit Dismissal: A Game-Changing Development

    On May 29, 2025, Binance.US confirmed that the SEC had formally withdrawn its legal action against the exchange. This development represents a major victory not just for Binance.US but for the entire cryptocurrency industry, suggesting a more constructive approach to crypto regulation may be emerging.

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    Impact on Crypto Markets and Regulation

    The SEC’s decision to drop its lawsuit against Binance.US aligns with recent regulatory developments, including the CLARITY Act’s transformation of US crypto regulation. This regulatory shift has created a more favorable environment for cryptocurrency exchanges operating in the United States.

    Frequently Asked Questions

    • Q: What services are now available on Binance.US?
      A: Full USD services have been restored, including deposits, withdrawals, and trading pairs.
    • Q: How does this affect other crypto exchanges?
      A: This precedent could lead to more favorable regulatory treatment for other U.S.-based cryptocurrency exchanges.
    • Q: What’s next for Binance.US?
      A: The exchange is expected to expand its services and potentially introduce new trading pairs and features.

    Looking Ahead: Implications for the Crypto Industry

    This regulatory victory for Binance.US could herald a new era of cooperation between cryptocurrency platforms and U.S. regulators. The restoration of USD services is expected to boost market liquidity and trader confidence in the platform.

  • XRP Price Target $22: Bullish Candle Pattern Signals Massive Rally

    XRP Price Target $22: Bullish Candle Pattern Signals Massive Rally

    XRP’s price trajectory is showing significant bullish momentum, with renowned crypto analyst Egrag Crypto identifying a powerful candle formation that could propel the digital asset to an impressive $22 price target. This technical analysis comes amid growing institutional interest in the cryptocurrency market, as recent regulatory developments through the CLARITY Act continue to reshape the crypto landscape.

    Technical Analysis Points to Major XRP Breakout

    According to Egrag Crypto’s detailed analysis, the yearly chart displays a critical formation on candle 13, which could serve as the catalyst for XRP’s next major price movement. The analysis suggests two primary target zones:

    • Initial target: $13
    • Extended target: $22
    • Potential for higher peaks through price extension

    Critical Price Levels and Support Zones

    Current market indicators highlight several crucial price levels:

    • Current support: $2.25
    • Critical threshold: $3.40
    • Bull run confirmation level: Above $3.40
    • Bear scenario trigger: Below $1.85

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    Expert Analysis and Market Sentiment

    CasiTrades, another prominent analyst, has identified the $2.25 range as a crucial support and resistance zone. This level has historically acted as a pivotal point since the $0.50 breakout, suggesting strong technical significance for future price action.

    FAQ: XRP Price Predictions

    Q: What technical indicators support the $22 price target?
    A: The yearly chart shows a strong Bullish Engulfing pattern and multiple support confirmations above key levels.

    Q: When could XRP reach these price targets?
    A: Analysts point to December 31, 2025, as a potential milestone date for significant price action.

    Q: What are the key risk factors?
    A: A close below $1.85 could invalidate the bullish scenario and trigger a bearish reversal.

    Current Market Status

    As of the latest market data, XRP is trading at $2.21, representing a 3% decrease over the past 24 hours. Despite this short-term pullback, the longer-term technical structure remains bullish, supported by increasing trading volume and institutional interest.