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A Coinbase-linked wallet sent 140,033,123 Shiba Inu tokens to a burn address on October 15, removing those coins from circulation in a single on-chain move. According to records published by community burn tracker Shibburn, the wallet that carried out the transfer was newly created and had only that one visible SHIB transaction. Etherscan data shows the address was funded by a wallet tied to Coinbase, and it currently holds 0.002 ETH, worth roughly $9. Largest Single Burn In Months The 140 million SHIB moved on Wednesday stands out as the largest one-off burn in nearly three months. Reports show the last big single send happened on July 28, when an anonymous actor destroyed 600 million SHIB. Since that July event, most individual burns stayed below 100 million until this Coinbase-linked transfer. Daily Burn Rate Jumps Based on reports from Shibburn, nine transactions that day totaled about 140 million SHIB destroyed, pushing the daily burn figure up by 222%. The tracker’s data also records a cumulative 410 trillion SHIB that have been sent to dead addresses over time. Ethereum co-founder Vitalik Buterin’s past transfers of around 410 trillion SHIB to a burn contract remain the largest single move toward deflation on record. Supply Still Vast Shiba Inu’s total supply remains enormous at roughly 589 trillion tokens. That scale means even large-sounding burns have only a tiny impact on the overall available supply. Market watchers point out that unless burn activity becomes sustained and much larger in scale, the supply math will not shift meaningfully. Wallet Details And Transparency Etherscan shows the burner address executed only that one outgoing SHIB transfer and nothing else. The funding trace to a Coinbase-associated wallet suggests a user on the exchange initiated the action, but the identity behind the address has not been disclosed. The post-burn balance for SHIB is zero, and the tiny ETH holding left behind makes the move appear deliberate and final. Price Action And Technical Levels Even after the large token send to the burn address, SHIB barely moved — it was trading around $0.00001049 when the burn happened, and it slipped only 0.15% over the prior 24 hours. The bigger picture hasn’t changed: roughly 589 trillion SHIB remain in circulation, so even headline-grabbing burns make only a tiny dent. This latest action is part of a string of deflation efforts, including Shibarium Layer-2 burns handled through Bone ShibaSwap, which together have removed billions of SHIB from circulation. Market Impact Remains Limited This event looks significant in headline terms but small when compared with the huge SHIB supply. The transfer adds to an ongoing narrative of community-led burns that keep holders engaged, yet it is unlikely to change the market trend on its own. Traders and observers will watch whether similar, larger burns follow, or if this remains a one-off action tied to a single Coinbase-funded address. Featured image from Unsplash, chart from TradingView

On October 10, the crypto market experienced its largest liquidation event in history, prompting experts like MartyParty to predict a surge in lawsuits and class action claims against what he describes as “market manipulators.” Expert Claims Manipulation Led To October 10 Crypto Crash The aftermath of this crash has seen Bitcoin (BTC) and other major cryptocurrencies continue their downward trend this week, with BTC recently falling below the critical $110,000 threshold. Ethereum (ETH), XRP, and Binance Coin (BNB), the largest altcoins, recorded losses of 10%, 17%, and 7%, respectively, in the weekly time frame. The events of October 10 led to total crypto liquidations exceeding $20 billion, with an alarming 208,864 traders liquidated in just the past 24 hours, amounting to approximately $691.63 million in losses as a result of the ongoing correction. In a social media post on X (formerly Twitter), MartyParty warned that the ramifications of this event would include lawsuits targeting the alleged manipulators behind the crash. He criticized the centralized exchange (CEX) systems, stating: The manipulators cleared all the longs to 1.8x illegally. This had nothing to do with crypto. This is centralized exchange and casino systems that are opaque and easily manipulated with no regulation. Despite the turmoil, MartyParty expressed some optimism, noting that the crypto liquidations have cleared out long positions, which he believes could pave the way for future price increases. He also added that those responsible for this alleged manipulation would face scrutiny, predicting that this incident could evolve into one of the most significant fraud cases in financial history. Binance’s Role Adding to the concerns, another expert, Crypto Emre, highlighted the ease with which crashes can be orchestrated on platforms like Binance. He explained that the tokens visible in a user’s wallet are essentially held in Binance’s wallets behind the scenes. Emre asserts that the exchange can open short positions on multiple trading pairs simultaneously using private trading bots, which can then quickly sell the tokens held by users. After closing the short positions at a lower price, the expert alleges that the exchange replaces the sold tokens with their own at a significantly reduced cost. Emre argued that as long as Binance remains operational, the potential for such manipulation will hinder the emergence of a robust crypto bull market. As the dust settles from the October 10 crypto crash, it remains uncertain whether regulatory bodies or individuals will take action against these alleged practices in the near future, as predicted by MartyParty. Featured image from DALL-E, chart from TradingView.com

XRP price started a fresh decline below $2.50. The price is now showing bearish signs and might extend losses below $2.280. XRP price is moving lower below the $2.40 zone. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $2.50 resistance. XRP Price Dips Further XRP price remained below the $2.60 barrier and started a fresh decline, like Bitcoin and Ethereum. The price dipped below $2.420 and $2.40 to enter a short-term bearish zone. The price even spiked below $2.30. A low was formed at $2.287, and the price is now consolidating losses. There was a minor recovery, and the price tested the 23.6% Fib retracement level of the recent decline from the $2.647 swing high to the $2.287 low. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $2.40 on the hourly chart of the XRP/USD pair. If there is a fresh upward move, the price might face resistance near the $2.40 level and the trend line. The first major resistance is near the $2.450 level, above which the price could rise and test the 50% Fib retracement level of the recent decline from the $2.647 swing high to the $2.287 low at $2.467. A clear move above the $2.4670 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance. The next major hurdle for the bulls might be near $2.60. Another Drop? If XRP fails to clear the $2.40 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.30 level. The next major support is near the $2.280 level. If there is a downside break and a close below the $2.280 level, the price might continue to decline toward $2.250. The next major support sits near the $2.220 zone, below which the price could continue lower toward $2.120. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.30 and $2.280. Major Resistance Levels – $2.40 and $2.450.

Atenção, traders. No fechamento dos mercados de hoje, a CME Group, a maior bolsa de derivativos do mundo e que opera a COMEX, anunciou um movimento técnico de grande impacto: a partir de amanhã, 17 de outubro, os requisitos de margem para os futuros de ouro serão aumentados em 5,5% e para os futuros de prata em 8,5%. Por Igor Pereira, Analista de Mercado Financeiro, ExpertFX School, membro Junior WallStreet NYSE. Muitos traders iniciantes interpretam este movimento como um sinal de baixa. Na minha análise, a realidade é o exato oposto: este é um dos sinais mais fortes de confirmação de que estamos em um poderoso e volátil mercado de alta. Vamos dissecar o porquê. 1. O que é um Aumento de Margem? Em termos simples, a margem é o "depósito de boa-fé" que um trader precisa ter em sua conta para abrir ou manter uma posição em um contrato futuro. Ao aumentar a margem, a CME está tornando mais caro manter posições, especialmente para traders alavancados. Exemplo da Prata: Para manter um contrato futuro de prata, a margem de manutenção subirá de $17.500 para $19.000. Isso significa que, para cada contrato que um trader possui (comprado ou vendido), ele precisará ter $1.500 a mais em sua conta. 2. Por Que a CME Faz Isso? O Efeito de Curto Prazo A CME aumenta as margens por uma razão principal: para controlar a volatilidade e reduzir o risco sistêmico. Quando um ativo sobe ou desce de forma muito rápida e violenta, o risco de inadimplência (calote) aumenta. A bolsa então age para "esfriar" o mercado. O efeito imediato é frequentemente uma correção de curto prazo ou uma "sacudida" (shakeout) no preço. Minha Análise: Traders altamente alavancados, que não têm capital extra para atender à nova exigência de margem, são forçados a liquidar suas posições. Como a tendência atual é de alta, a maioria dessas posições são de compra. A liquidação forçada dessas posições de compra cria uma pressão de venda temporária, o que pode causar uma queda no preço. Este é um movimento deliberado da bolsa para "limpar" a especulação excessiva e a alavancagem do mercado. 3. A Mensagem de Longo Prazo: A Confirmação do Bull Market Aqui está o ponto mais crucial para o investidor estratégico. As bolsas não aumentam as margens em mercados laterais ou fracos. Elas só usam essa ferramenta poderosa quando um mercado de alta se torna tão forte e volátil que começa a representar um risco para a própria estabilidade da bolsa. Na minha visão, o aumento da margem é o reconhecimento oficial da CME de que a tendência de alta dos metais preciosos é real, poderosa e potencialmente "desgovernada". É a admissão de que as forças fundamentais que impulsionam o ouro e a prata — a demanda física, a crise de oferta, a fuga da moeda fiduciária — são tão intensas que estão criando uma volatilidade sem precedentes. É um sinal de força, não de fraqueza. Conclusão de Igor Pereira: A Estratégia Correta A notícia de hoje se alinha perfeitamente com nossa análise da "febre do ouro" no Japão e da crise de oferta. O aperto no mercado físico está agora forçando a mão da bolsa no mercado de papel. Curto Prazo: Estejam preparados para uma alta volatilidade e uma potencial queda de curto prazo, à medida que os traders alavancados são forçados a liquidar. Longo Prazo: Vejam este movimento como uma confirmação massiva da tese de alta. A estratégia inteligente é usar qualquer fraqueza de preço causada por este ajuste de margem como uma oportunidade de compra estratégica. A bolsa pode tentar frear o trem, mas não pode parar a locomotiva dos fundamentos que o impulsiona.

Macroeconomic Report Overview: Once again, Friday's calendar contains very few macroeconomic reports. In earlier reports, we mentioned that there were no releases scheduled at all, but that isn't entirely accurate. Today, the eurozone will publish its second estimate for September inflation. However, this is a secondary report: second estimates almost always match the initial reading and are not marked as "high-impact." Beyond that, there are no notable releases scheduled in the U.K., Germany, or the U.S. Fundamental Event Overview: A number of fundamental events are scheduled again for Friday, but nearly all of them are insignificant in terms of market impact. This week saw at least 20 speeches from officials representing the European Central Bank, Bank of England, and Federal Reserve—but none of them delivered any market-shaking news. As previously discussed, both Christine Lagarde and Jerome Powell have spoken regularly in recent weeks, giving the market a fairly clear understanding of where central bank policy is heading. The ECB has no intention of cutting rates, as there's currently no need for it. The Fed, meanwhile, appears likely to continue its easing path, as U.S. labor market indicators remain weak. It's also clear that the BoE will not pursue monetary easing in the near future, as inflation in the U.K. has been rising for over a year and currently exceeds the target level by nearly twofold. Key Takeaways:As we head into the final trading day of the week, both major currency pairs—EUR/USD and GBP/USD—may continue their upward movements, following recent breakouts above key trendlines. EUR/USD has completed a successful breakout above the 1.1655–1.1666 zone, making long positions still relevant, with room for further upward movement. In the case of GBP/USD, price action has also moved above the 1.3413–1.3421 zone, which opens the door for a rally toward the 1.3466–1.3475 area. With low-impact news expected and technical trends shifting upward, the focus remains on trend continuation for both pairs throughout Friday's session. Basic Trading System Rules:The strength of a signal is determined by how quickly it forms (rejection or breakthrough). The quicker the reaction, the stronger the signal.If two or more false trades occur from the same level, any new signals from that level should be ignored.In flat conditions, many false signals may appear—or none at all. At the first signs of a flat market, consider pausing trading.Trade between the start of the European session and the midpoint of the U.S. session. All trades should be closed manually before the end of the session.On the hourly chart, use MACD signals only when the price is moving within an active trend, supported by a trendline or channel.If two levels are spaced closely together (5–20 pips), treat them as a support/resistance zone.After a 15-20-pip move in the right direction, move the Stop Loss to breakeven.What the Charts Show:Support and resistance price levels: Targets for long and short trades. Consider these points for setting Take Profit levels.Red lines: Trendlines and trend channels used to identify current direction and preferred trading bias.MACD (14,22,3): Histogram and signal line used as an auxiliary indicator for generating trade signals.Important speeches and key reports (always listed on the economic calendar) can strongly influence price direction. During these events, trading should be done with extreme caution or avoided altogether to reduce the risk of sharp price reversals.Beginner traders should remember: not every trade will be profitable. Developing a clear trading strategy and using sound money management principles are the foundations of long-term success in forex trading.The material has been provided by InstaForex Company - www.instaforex.com

Thursday Trade Review:1-Hour GBP/USD Chart On Thursday, the GBP/USD pair continued moving upward after breaking through the descending trendline. As we can see, the market is now in an upward trend, and we continue to expect further growth in the British pound. Yesterday, the U.K. published reports on industrial production and GDP for August, both of which returned better-than-forecast results. However, as before, British data had little impact on traders. Market attention remains focused on the U.S. dollar, U.S. politics, Donald Trump, the Federal Reserve, and the escalating trade war. From our perspective, none of the major global fundamental factors favor the U.S. dollar. In recent months, the pair has been moving in a wide-ranging sideways channel on the daily timeframe. After such consolidation, a new trend usually emerges—either upward or downward. At this point, there is no reason to expect a downtrend, meaning a bullish breakout may soon follow. 5-Minute GBP/USD Chart On the 5-minute timeframe, at least five buy signals were generated on Thursday within a narrow range. The price bounced five times from the 1.3413–1.3421 zone, which provided multiple entry opportunities for beginners. As of now, the pound has not yet shown decisive growth, but we believe the next target zone of 1.3466–1.3475 could be reached during today's session. How to Trade on Friday:On the hourly timeframe, GBP/USD has finally begun forming a potential new bullish trend, which could mark the start of a broader upward move. As previously noted, there is no basis for sustained U.S. dollar strength. Therefore, we expect medium-term movement to the upside. Donald Trump's recent surge in tariff-related actions will likely keep the market under pressure to move away from the dollar. On Friday, the pair may attempt to continue its ascent, as the trend has turned bullish. A confirmed breakout above the 1.3413–1.3421 range would reinforce long positions targeting the 1.3466–1.3475 zone. Conversely, a close below this area would indicate the potential for a downward correction. On the 5-minute TF, you can now trade at levels 1.3102-1.3107, 1.3203-1.3211, 1.3259, 1.3329-1.3331, 1.3413-1.3421, 1.3466-1.3475, 1.3529-1.3543, 1.3574-1.3590, 1.3643-1.3652, 1.3682, and 1.3763. There are no major news events scheduled in either the U.K. or the U.S. on Friday. As a result, traders should not expect any significant headline-driven market movements and must rely primarily on technical signals. Basic Trading System Rules:The strength of a signal is determined by how quickly it forms (rejection or breakthrough). The quicker the reaction, the stronger the signal.If two or more false trades occur from the same level, any new signals from that level should be ignored.In flat conditions, many false signals may appear—or none at all. At the first signs of a flat market, consider pausing trading.Trade between the start of the European session and the midpoint of the U.S. session. All trades should be closed manually before the end of the session.On the hourly chart, use MACD signals only when the price is moving within an active trend, supported by a trendline or channel.If two levels are spaced closely together (5–20 pips), treat them as a support/resistance zone.After a 20-pip move in the right direction, move the Stop Loss to breakeven.What the Charts Show:Support and resistance price levels: Targets for long and short trades. Consider these points for setting Take Profit levels.Red lines: Trendlines and trend channels used to identify current direction and preferred trading bias.MACD (14,22,3): Histogram and signal line used as an auxiliary indicator for generating trade signals.Important speeches and key reports (always listed on the economic calendar) can strongly influence price direction. During these events, trading should be done with extreme caution or avoided altogether to reduce the risk of sharp price reversals.Beginner traders should remember: not every trade will be profitable. Developing a clear trading strategy and using sound money management principles are the foundations of long-term success in forex trading.The material has been provided by InstaForex Company - www.instaforex.com

Thursday Trade Review:1-Hour EUR/USD Chart On Thursday, EUR/USD continued its upward movement, which was clearly visible on the hourly timeframe. On the 5-minute chart, however, the pair was completely flat. It was a tranquil day in terms of macroeconomic and fundamental events. More accurately, the pair has entered a stagnation phase that requires major catalysts to spur renewed volatility. Due to the ongoing U.S. government shutdown, many key October reports were never released. As a result, traders still don't fully understand how the Federal Reserve will approach its rate decision at the end of the month. The market is pricing in a near-100% probability of another rate cut, yet skepticism remains—a paradox in itself. Additionally, U.S.–China trade tensions are escalating again. Therefore, there are already more than enough reasons to pressure the dollar. From a technical perspective, the pair broke through a descending trendline, so further upward movement is to be expected. 5-Minute EUR/USD Chart On the 5-minute timeframe, only in the evening was the first valid buy signal formed. The rest of the day, the price moved sideways within the 1.1655–1.1666 range. Since it eventually broke away from this zone, beginner traders had every reason to open long positions with a target around the 1.1745 area. At this point, stop-loss orders can be set at breakeven, and traders can continue holding for potential gains. How to Trade on Friday:On the hourly chart, EUR/USD finally shows signs of a confirmed upward reversal. The descending trendline has been broken once again, and the overall fundamental and macroeconomic background for the U.S. dollar remains overwhelmingly negative. Therefore, a continuation of the 2025 uptrend seems likely. Friday may again be a low-volatility session, as there are no major events scheduled in either the Eurozone or the U.S. A buy signal was formed on Thursday in the 1.1655–1.1666 range, so long positions remain valid with the target near the 1.1745–1.1754 zone. On the 5-minute TF, consider the levels 1.1354-1.1363, 1.1413, 1.1455-1.1474, 1.1527, 1.1571-1.1584, 1.1655-1.1666, 1.1745-1.1754, 1.1808, 1.1851, 1.1908, 1.1970-1.1988. With no impactful news today, volatility may again remain low. However, the euro can continue inching higher, as all necessary conditions are present for further growth. Basic Trading System Rules:The strength of a signal is determined by how quickly it forms (rejection or breakthrough). The quicker the reaction, the stronger the signal.If two or more false trades occur from the same level, any new signals from that level should be ignored.In flat conditions, many false signals may appear—or none at all. At the first signs of a flat market, consider pausing trading.Trade between the start of the European session and the midpoint of the U.S. session. All trades should be closed manually before the end of the session.On the hourly chart, use MACD signals only when the price is moving within an active trend, supported by a trendline or channel.If two levels are spaced closely together (5–20 pips), treat them as a support/resistance zone.After a 15-pip move in the right direction, move the Stop Loss to breakeven.What the Charts Show:Support and resistance price levels: Targets for long and short trades. Consider these points for setting Take Profit levels.Red lines: Trendlines and trend channels used to identify current direction and preferred trading bias.MACD (14,22,3): Histogram and signal line used as an auxiliary indicator for generating trade signals.Important speeches and key reports (always listed on the economic calendar) can strongly influence price direction. During these events, trading should be done with extreme caution or avoided altogether to reduce the risk of sharp price reversals.Beginner traders should remember: not every trade will be profitable. Developing a clear trading strategy and using sound money management principles are the foundations of long-term success in forex trading.The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin (BTC) is once again testing critical support above $111,000, with traders debating whether the recent pullback marks the start of a deeper correction or a healthy consolidation before the next leg higher. After touching an all-time high above $126,000, the world’s largest crypto asset has shed nearly 9% on the weekly charts, reflecting waning momentum amid broader market uncertainty and renewed U.S.–China trade tensions. Bitcoin Tests Key Support as Momentum Fades Currently, Bitcoin is trading around $111,300, down roughly 1% in 24 hours, after briefly dipping to an intraday low of $110,292. Technical indicators show the asset under pressure, with the 20-day and 50-day moving averages turning lower and a bearish crossover emerging on the MACD. The Relative Strength Index (RSI) has fallen to the mid-40s, signaling cooling buying strength and the potential for further downside if support fails. Analysts are eyeing $107,000–$110,000 as the crucial short-term demand zone. A decisive break below this area could open the path toward $100,000, while a bounce above $115,000–$123,000 would be needed to restore bullish sentiment. “Bitcoin’s structure suggests fatigue at the top, with a potential double-top formation visible around $126,000,” one market analyst noted. “A weekly close below $110K would likely trigger broader profit-taking.” Whales Turn Cautious, Bitcoin ETF Inflows Slow On-chain data indicates that BTC whales have increased short exposure, signaling caution among large holders. This aligns with reports of falling ETF inflows, which declined by over $223 million this week after surging more than $2.7 billion the week before. Analysts suggest this cooldown reflects a pause in institutional demand following months of aggressive accumulation. Meanwhile, traders are closely watching macro developments, as gold’s rally to a record $4,200 has drawn some capital away from Bitcoin’s “digital gold” narrative. Weak U.S. data and tariff-related volatility have added pressure, pushing some investors back toward traditional safe havens. Analysts Warn of Rising Wedge Breakdown Technically, Bitcoin’s weekly chart shows a rising wedge pattern, often a bearish setup. If BTC closes the week below $110,000, the structure projects a potential downside target around $74,000, representing a 34% correction. However, long-term metrics such as hash rate and network activity remain strong, suggesting that any deep retracement could offer a buying opportunity for patient investors. For now, Bitcoin’s next move hinges on whether bulls can defend the $110K floor. A strong rebound from here could set the stage for another attempt toward $126K, but failure to hold support risks ushering in a much sharper correction before the next major rally begins. Cover image from ChatGPT, BTCUSD chart on Tradingview

EUR/USD The euro is rising for the fourth consecutive day. The gap at 1.1741 is close to being filled, and slightly above it lies the key target level at 1.1779. On the daily chart, the Marlin oscillator's signal line is breaking into the territory of an uptrend. The current outlook appears optimistic, but correlated markets are signaling a possible reversal: yesterday, the S&P 500 declined by 0.63%, oil dropped by 1.48%, and the yield on 5-year U.S. Treasuries fell from 3.61% to 3.53%. If this trend continues, even at a slower pace, the euro is unlikely to reach 1.1908 (the upper boundary of the price channel). Today, eurozone inflation data for September will be released. The forecast for the CPI is an increase from 2.0% y/y to 2.2% y/y. If this forecast proves accurate, the euro could reach the 1.1779 target within two to three days. However, if the price falls back below the MACD line (1.1660), the euro might become stuck in a sideways range—similar to the pattern observed in August ahead of the September Fed meeting. Now, markets look ahead to the next Federal Reserve meeting, which is just over a week away. On the four-hour chart, the price continues rising above the indicator lines. The MACD line is beginning to curve upward, while the Marlin oscillator shows a downward bias. These mixed signals—especially on a Friday and on the day of a major CPI release—create ideal conditions for closing long positions. The material has been provided by InstaForex Company - www.instaforex.com

Silver On the monthly chart, two hyperchannel price lines converge at a single point—at the psychological level of 56.000. This convergence is expected to occur either in the final days of October (possibly coinciding with the next Federal Reserve meeting) or in the first days of November. At this price level, the signal line of the Marlin oscillator will reach the Fibonacci reaction level of 361.8%. After attaining the projected target, a correction is likely, with a pullback toward the nearest line of the green channel in the 43.545 area. On the daily chart, the Marlin oscillator's signal line has twice attempted to break above the upper boundary of its own channel. A similar failed attempt in the near future may trigger a stronger decline in price. On the four-hour chart, the price and oscillator have formed a divergence. Although this divergence is not entirely clean, there is a high probability that it will morph into a broad consolidation range. A firm close below the MACD line—below the 52.052 level—will constitute the first clear signal of a deeper price correction. The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD On Thursday, the British pound gained over 30 pips on a rebound from the MACD line support. This morning, the pound remains in a positive mood; however, the Marlin oscillator is now approaching the zero line. If no profit-taking occurs today, the pound has every chance to continue its advance toward the 1.3525 target. If the day ends with a bearish (black) candle, the technical picture may become muddled within the psychological cycle of market anticipation ahead of the Fed meeting on October 29. It is also worth noting that the support level of 1.3369 and the MACD line at 1.3393 currently form a support range of 24 pips. Breaking below this zone will be difficult, which means that market participants are likely to seek buying opportunities—perhaps after today's consolidation, or early next week on Monday. On the four-hour chart, the price is consolidating within a narrow range established in late September. The Marlin oscillator is slightly declining, supporting this sideways movement. We expect a continuation of the current flat phase, which could later lead to another upward leg. The material has been provided by InstaForex Company - www.instaforex.com

Ethereum price struggled to stay above $4,020 and dipped further. ETH is now consolidating in a range and might decline further if there is a move below $3,820. Ethereum started a fresh decline below $4,020 and $4,000. The price is trading below $4,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,820. Ethereum Price Dips Below Support Ethereum price struggled to settle above $4,120 and corrected most gains, like Bitcoin. ETH price declined below the $4,020 and $4,000 levels. It even tested the $3,820 zone. A low was formed at $3,828 and the price is now consolidating losses. There was a minor increase toward the 23.6% Fib retracement level of the recent decline from the $4,215 swing high to the $3,828 low. Ethereum price is now trading below $4,000 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,070 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $3,950 level. The next key resistance is near the $4,020 level and the 50% Fib retracement level of the recent decline from the $4,215 swing high to the $3,828 low. The first major resistance is near the $4,070 level and the trend line. A clear move above the $4,070 resistance might send the price toward the $4,120 resistance. An upside break above the $4,120 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,220 resistance zone or even $4,250 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,020 resistance, it could start a fresh decline. Initial support on the downside is near the $3,880 level. The first major support sits near the $3,820 zone. A clear move below the $3,820 support might push the price toward the $3,740 support. Any more losses might send the price toward the $3,650 region in the near term. The next key support sits at $3,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,820 Major Resistance Level – $4,070

Solana is taking a breather after a strong rally, now testing the crucial $195 support zone. Traders are watching closely to see if the bulls can defend this level and set the stage for a potential comeback. Solana Begins A Healthy Pullback After Recent Rally In a recent update, BitGuru highlighted that Solana (SOL) appears to be entering a healthy pullback phase following a sharp rally and partial recovery. This retracement is part of a natural market rhythm, allowing the asset to cool off after its recent burst of bullish momentum. Such pauses often serve as a foundation for more sustainable future growth, rather than signaling weakness. While SOL’s price is hovering around the $203 mark, it is also facing strong resistance near $210. The market structure remains constructive, with buyers still active, though slightly cautious after the recent volatility. Should bulls manage to hold their ground and push through $210, BitGuru suggested that Solana could target the $225–$230 region in the short term. Conversely, if the price fails to clear resistance and loses support, a brief consolidation between $190 and $210 could follow. Short-Term Bearish Momentum Takes Hold Below Key Averages In a recent post, crypto analyst BeLaunch shared insights on Solana’s current price action, noting that the asset is showing signs of a short-term pullback following its strong rally. At the time of analysis, SOL’s price was trading around $199.45, marking a 1.84% gain, though still below its daily high of $208.91. The move reflects a mild cooling period after an upward surge. From a technical perspective, the price of Solana has dipped below key moving averages, indicating a shift toward short-term bearish momentum. The asset is currently testing a key support zone near $195.53. However, BeLaunch observed that the recent decline came on lower trading volume, suggesting that selling pressure might be easing rather than intensifying. According to the analyst, Solana’s structure points to a phase of consolidation rather than a full reversal. The price action appears to be forming a base after its breakout run, giving the market room to breathe before its next move. BeLaunch concluded that a sustained hold above $195 could trigger a rebound, potentially setting the stage for Solana to retest higher resistance levels near $210 and beyond. Conversely, a breakdown below this level could lead to a deeper retracement. However, in the broader outlook, the current weakness may represent a healthy reset within a larger bullish structure rather than a bearish trend reversal.

Ripple has just bought GTreasury, a long-established treasury management firm, in a deal worth $1 billion. This is Ripple’s third major acquisition in 2025, and it sends a clear signal that the company wants to move deeper into the world of corporate finance. The move is aimed at giving businesses better tools to manage cash flow, track liquidity, handle risk, and stay on top of compliance. As more finance teams start dealing with stablecoins, tokenized deposits, and other crypto assets, Ripple sees an opportunity to meet that demand with infrastructure that bridges the gap between digital and traditional finance. Inside GTreasury and What Ripple Is Getting GTreasury is no startup. It’s been around for more than forty years and is known for helping large companies forecast cash, monitor financial risk, process payments, and link directly to banks and enterprise systems. By folding GTreasury into its operations, Ripple wants to give corporate finance teams faster and more reliable ways to move money. The idea is to combine GTreasury’s existing tools with Ripple’s blockchain network so that businesses can make near-instant payments and put their capital to work without unnecessary delays. On top of that, GTreasury’s client base already includes major corporations, which gives Ripple a head start in tapping into the multi-trillion-dollar corporate treasury market. Ripple’s Game Plan for 2025 Is Taking Shape This deal fits neatly into Ripple’s strategy this year. Earlier in 2025, the company picked up Hidden Road, a prime broker, and Rail, a stablecoin platform. The pattern is clear. Ripple is stitching together the pieces it needs to offer a complete solution for both traditional and digital finance. Brad Garlinghouse, Ripple’s CEO, said the goal is to fix the slow, outdated infrastructure that still dominates global finance. He believes blockchain can play a much bigger role in helping companies move money faster and more efficiently. The acquisition also suggests that Ripple sees a future where digital assets are not just investments, but actual tools for managing day-to-day operations and corporate treasuries. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Getting the Integration Right Will Be Crucial Buying GTreasury is one thing. Making it work inside Ripple is another. Integrating teams, updating software, and making it all blockchain-compatible is going to be a challenge. And because the audience here is corporate finance professionals, any bugs or breakdowns could hurt Ripple’s credibility. There’s also the regulatory angle. With clients spread across multiple regions, Ripple will need to stay compliant with different sets of financial rules. That means no shortcuts. Market Cap 24h 7d 30d 1y All Time Then there’s the question of results. If Ripple’s technology paired with GTreasury’s tools does not lead to noticeable improvements, faster payments, better cash use, real cost savings, the whole project might be seen as more hype than substance. DISCOVER: 20+ Next Crypto to Explode in 2025 What Comes Next Depends on Execution If everything works out, Ripple will be in a strong position to offer a full package to enterprises, settlement infrastructure, token custody, payments, and now treasury management. That could completely change how companies think about handling crypto on their balance sheets. Large firms may begin seeing Ripple not just as a blockchain company but as a core piece of financial infrastructure. That could lead to new business models, from licensing software to charging for integrations and consulting. But for now, it all hinges on how well Ripple pulls it off. The next few months will show whether this was a smart move into enterprise finance or an expensive gamble with too many moving parts. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Ripple has acquired GTreasury for $1 billion to expand its presence in corporate finance and treasury management. The move aims to combine Ripple’s blockchain payments with GTreasury’s enterprise tools for liquidity, risk, and compliance. GTreasury’s client base includes major corporations, giving Ripple immediate access to the corporate treasury market. This is Ripple’s third major acquisition in 2025, following purchases of Hidden Road and Rail as part of a broader enterprise strategy. Successful integration will be key, as Ripple must align technology, teams, and compliance across multiple regions and clients. The post Ripple Buys GTreasury in $1 Billion Deal to Target Corporate Finance appeared first on 99Bitcoins.

Bitcoin price is struggling to settle above $112,500 and $113,000. BTC is now moving lower and might start another decline below $108,000. Bitcoin started a fresh decline after it failed to clear the $113,000 resistance level. The price is trading below $110,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $110,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $107,500 zone. Bitcoin Price Dips Again Bitcoin price failed to surpass the $113,000 resistance level and started a fresh decline. BTC dipped below the $112,000 and $110,500 support levels to enter a bearish zone. The price even dipped below $108,000. A low was formed at $107,483 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $115,975 swing high to the $107,483 low. Bitcoin is now trading below $110,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $110,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $109,500 level. The first key resistance is near the $110,000 level. The next resistance could be $110,500 and the trend line. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $111,800 resistance since it is close to the 50% Fib retracement level of the recent decline from the $115,975 swing high to the $107,483 low. Any more gains might send the price toward the $112,500 level. The next barrier for the bulls could be $113,000. Another Decline In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start a fresh decline. Immediate support is near the $108,000 level. The first major support is near the $107,500 level. The next support is now near the $106,200 zone. Any more losses might send the price toward the $105,500 support in the near term. The main support sits at $103,200, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,000, followed by $107,500. Major Resistance Levels – $110,000 and $110,500.

Lawmakers in Florida are looking to give the state a new kind of financial tool. A new proposal would allow pension funds and other public investment pools to put money into bitcoin and crypto exchange-traded funds. If passed, the state’s Chief Financial Officer and the State Board of Administration would be able to allocate up to 10 percent of these funds into digital assets. It’s a notable shift for a state that has typically stuck to traditional investment strategies. Jimmy Patronis Makes the First Move The push is being led by Jimmy Patronis, Florida’s CFO and Fire Marshal. He sent a formal request asking the State Board of Administration to take a serious look at bitcoin as part of the state’s investment portfolio. In his view, bitcoin has earned its place as “digital gold” and could offer long-term protection against market swings. That request was sent to Chris Spencer, who heads the SBA as executive director and chief investment officer. The SBA is responsible for managing over $205 billion in assets, including the Florida Retirement System Trust Fund, one of the largest pension funds in the United States. Inside the Bill and What It Would Change The bill, which has been filed as House Bill 183 and may appear under other versions, outlines how crypto investments would be handled. Bitcoin and other digital assets would have to be held through proper custody channels, either directly or via SEC-registered ETFs. The legislation would also allow bitcoin to be lent out to generate additional income, provided risk is kept under control. The overall limit on these investments would be capped at 10 percent of any eligible fund. The bill also includes a section on how taxes or fees paid in crypto would be handled. Those payments would be converted to U.S. dollars and sent to the General Revenue Fund, with credits issued to the appropriate accounts. If passed, the new law would go into effect on July 1, 2025. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Florida Looks Around the Country for Context Other states have already started testing crypto waters. Wisconsin’s State Investment Board disclosed that it had invested $164 million in spot bitcoin ETFs. That made up about 0.1 percent of its total assets. Meanwhile, Michigan’s retirement system reported that it bought 110,000 shares of a bitcoin ETF, amounting to just 0.003 percent of its total portfolio. Market Cap 24h 7d 30d 1y All Time These examples show that while states are still cautious, they are no longer ignoring crypto altogether. Florida, with its much larger fund size, could end up pushing the boundaries further. Weighing the Upside Against the Risks Supporters believe that adding bitcoin could bring in strong returns and help diversify state investments. They say it’s a smart way to prepare for inflation and economic uncertainty. But others are concerned. Crypto still comes with serious risks, from sharp price drops to unclear regulations and complex storage requirements. The SBA has a duty to protect pensions for state employees like teachers, police officers, and firefighters. Any misstep here could have real consequences, not just financially but politically too. DISCOVER: 20+ Next Crypto to Explode in 2025 The Road Ahead If the bill gains traction, the next step could involve risk studies, pilot programs, and early test investments. One likely vehicle would be the Florida Growth Fund, which already has the flexibility to pursue more experimental strategies. People across the country will be watching how Florida handles this. Whether the state becomes a leader in crypto-based investing or runs into trouble will depend on how carefully everything is managed. In the end, the question won’t just be whether Florida was bold enough. It will be whether it was prepared enough. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Florida lawmakers are considering a bill that would let pension funds and public investment pools allocate up to 10% of assets to bitcoin and crypto ETFs. The proposal is led by CFO Jimmy Patronis, who describes bitcoin as “digital gold” and sees it as a hedge against market volatility. House Bill 183 outlines custody rules, lending options, and a 10% cap, with the law potentially taking effect on July 1, 2025, if passed. Other states like Wisconsin and Michigan have made smaller bitcoin ETF allocations, but Florida’s $205 billion fund size could make its move more influential. Supporters see strong returns and diversification potential, while critics warn of volatility, unclear regulations, and risks to public pensions. The post Florida Pushes to Add Bitcoin and Crypto ETFs to State Pension Funds appeared first on 99Bitcoins.

On-chain data shows key investors on the Bitcoin network have collectively participated in some selling recently, a potential reason behind the asset’s decline. Bitcoin Sharks & Whales Have Done Some Net Distribution According to data from on-chain analytics firm Santiment, Bitcoin’s key investor tier is starting to show signs of slight profit-taking. The indicator of interest here is the “Supply Distribution,” which measures the total amount of the supply that investors belonging to a particular wallet segment are currently holding. Addresses or holders are divided into these groups based on the number of tokens present in their balance. The 1 to 10 coins cohort, for instance, includes all investors owning between 1 and 10 BTC. In the context of the current discussion, a broad range of 10 to 10,000 coins is of focus. It converts to $1.1 million at the lower end and $1.1 billion at the upper end. Given this scale, the range would naturally cover some of the key Bitcoin investor cohorts like the sharks and whales. Below is the chart shared by Santiment that shows the trend in the Supply Distribution for the range over the last few months. As displayed in the above graph, the Bitcoin supply held by the 10 to 10,000 coins group saw a drop of 17,554 BTC (about $1.9 billion) between October 12th and 14th. Before this decline, the metric had been in an uptrend since late August. The cryptocurrency’s recovery attempt has fizzled out since this selloff occurred, so it would appear possible that the profit-taking from the sharks and whales could, in part, be behind the bearish action. On a more long-term scale, though, this latest distribution spree from the key investors isn’t too significant, as their wallets have still grown since the start of 2025 by 318,610 BTC, worth a whopping $35.5 billion. A similar light profit-taking event took place in late August, following which the sharks and whales quickly corrected course and resumed accumulation. This buying then supported BTC’s bullish push. Wallet balance is just one way to classify holders. Another popular methodology in on-chain analysis is using holding time to separate investors between short-term holders (STHs) and long-term holders (LTHs). The cutoff between the two cohorts is 155 days. The STHs may be considered to represent the fickle-minded side of the market, while the LTHs are resolute diamond hands. These HODLers have been selling recently, however, as CryptoQuant community analyst Maartunn has shared in an X post. A net 265,715 BTC has exited the wallets of the Bitcoin LTHs over the past 30 days, which is the largest monthly outflow since early January. BTC Price Bitcoin has been unable to keep any recovery run going as its price is still trading around $111,000.

The GBP/USD currency pair continued its upward movement on Thursday, as expected. At this point, discussing the fundamentals or macroeconomics doesn't hold much weight. First, the GBP/USD pair remains within a sideways channel on the daily timeframe. This means price can move hundreds of points in either direction without any specific catalyst, which is precisely what we've seen in recent weeks. Second, there's nothing new or positive happening globally for the U.S. dollar. Trump continues to issue threats, start conflicts, impose tariffs and sanctions, and try to force his views on the entire world. Third, the longer-term upward trend remains in place, and there are no credible reasons for dollar strength at this time. As a result, while the pair may stay in a range for one, two, or even three more months, it still appears the bullish trend will resume—regardless of the surrounding circumstances. This week, the British currency started to rise despite mixed economic data out of the U.K. On one hand, the unemployment rate increased; on the other, GDP and industrial production data came in better than expected. Interestingly, the higher unemployment figure didn't prevent sterling from strengthening, and the market largely ignored the positive GDP and industrial figures. Once again, it's clear that traders pay little attention to British data. Instead, they care about U.S. fundamentals. Listing every reason why the dollar should fall could fill an entire article. Today—the final trading day of the week—there are no major reports or events scheduled in either the U.K. or the U.S. Of course, Donald Trump or his close ally Scott Bessent could deliver new explosive statements targeting China, India, or the Federal Reserve. But the thing is, an "explosive" event loses its impact when it happens every day. Imagine the market being told that Trump wants to raise tariffs on China not by 500%, but 1,500%. What would change? Nothing positive for the dollar—just more decline along the same uninterrupted path. To highlight another issue, Trump demonstrates a lack of political diplomacy in his standoff with the Democrats. The budget standoff is arguably the first time in 2025 that Democrats have managed to block one of his initiatives. Usually, Trump made decisions unilaterally without congressional oversight. It's striking that lawsuits are being filed against Trump for violating U.S. laws and overstepping his authority, yet no single controversial decision has been overturned. In just a year, the U.S. has transformed from a democratic nation governed by law into a "one-man state." Today, Trump loses a round of golf; tomorrow, he imposes 500% tariffs. Today, Trump doesn't win a Nobel Prize; tomorrow, India is blamed for buying oil at a good price. It's a circus. The average volatility of the GBP/USD pair over the last five trading days is 84 pips, which is considered "average" for the pound/dollar. For Friday, October 17, we expect movement within the range of 1.3344 to 1.3512. The long-term linear regression channel is pointed upward, confirming the prevailing upward trend. The CCI indicator has entered the oversold zone three times recently, which may signal a resumption of upward momentum. Nearest support levels:S1 – 1.3428 S2 – 1.3367 S3 – 1.3306 Nearest resistance levels:R1 – 1.3489 R2 – 1.3550 R3 – 1.3611 Trading Recommendations:The GBP/USD pair is currently in a corrective move, but its long-term outlook remains unchanged. Donald Trump's policies will continue to apply pressure to the dollar, so we do not expect any meaningful gains from the U.S. currency. Thus, long positions with targets at 1.3672 and 1.3733 remain more relevant as long as the price remains above the moving average. If the pair drops below the moving average line, small short positions become possible with targets at 1.3306 and 1.3245, based purely on technical analysis. From time to time, the dollar stages short-term corrections (as it's doing now), but a sustained bullish movement will require real signs that the trade war is ending—or other major positive catalysts. Explanation of Illustrations:Linear regression channels help identify the current trend. If both channels point in the same direction, the trend is strong.The moving average line (settings: 20.0, smoothed) defines the short-term trend and a suitable trade direction.Murray levels are calculated target zones for price movement and corrections.Volatility levels (red lines) indicate the expected price range for the next 24 hours based on current volatility metrics.The CCI indicator: entering the oversold area (below -250) or overbought area (above +250) suggests a trend reversal may be imminent.The material has been provided by InstaForex Company - www.instaforex.com

The EUR/USD currency pair continued a moderate upward movement on Wednesday, as expected. Let us recall that the recent decline in the pair over the past few weeks seemed illogical, as the fundamental and macroeconomic background for the U.S. dollar has only worsened during this period. Of course, we're not suggesting everything is going perfectly in Europe or the U.K., but in 2025, the United States has been setting records for the number of negative developments. As such, even the dollar's recent strengthening defied the underlying fundamentals. On the daily timeframe, two clear things stand out: first, the upward trend is intact; second, the market has been in a sideways range for months. Thus, the euro's decline could be attributed purely to technical factors, rather than political turmoil in France. If this is the case, then the 2025 bullish trend should eventually resume—and why not now? Especially when Trump continues to generate headlines that do little to support the dollar. Just this week, Donald Trump announced 100% tariffs on China, claimed India promised to stop buying Russian oil (after previously raising tariffs on India to 50%), threatened to cut all ties with China, and finally stated he's ready to raise tariffs to 500%. With such a barrage of geopolitical tension coming from Washington, can the dollar realistically expect to rally? The U.S.–China conflict will only deepen, as Trump tries to force a major global player to yield to his framework. That might work with smaller states anxious to avoid confrontation, but China is built differently. Beijing responds in kind: it raises tariffs, limits exports of rare-earth elements, demands that they cease oil purchases from certain countries, and ignores the requests. In fact, just yesterday, New Delhi made clear that it gave Trump no such promise regarding Russian oil. Once again, the U.S. president has misled a great many people and media outlets. In short, the American "farce" continues to escalate. China has responded to Trump in a tit-for-tat manner and will continue to do so. The dollar will likely continue to decline because traders no longer see a compelling reason to trust what was once the bedrock of global finance. It's worth noting that the U.S. dollar has been unusually lucky in recent months—based on current fundamental conditions, it should have declined without interruption. However, that's not how the currency market operates. Market makers need time to build new large positions before they drive the market higher again—and that takes time. We believe further dollar depreciation is only a matter of time. The average EUR/USD volatility over the last five trading days as of October 17 is 61 pips, which qualifies as "average." On Friday, we expect the pair to move within the range bounded by 1.1609 and 1.1731. The long-term linear regression channel remains upward-sloping, indicating a continuing bullish trend. The CCI indicator recently entered the oversold zone, which may trigger the next upward price leg. Nearest support levels:S1 – 1.1597 S2 – 1.1536 S3 – 1.1414 Nearest resistance levels:R1 – 1.1658 R2 – 1.1719 R3 – 1.1780 Trading Recommendations:The EUR/USD pair remains in a corrective phase, yet the overall uptrend persists—visible across all higher timeframes. The U.S. dollar is still under strong pressure from Donald Trump's aggressive political and economic policies, which show no sign of scaling back. While the dollar has risen in recent days, the fundamental case for that move is questionable. Nonetheless, the sideways range on the daily chart explains the current lack of consistent direction. If the price is below the moving average, small short positions may be considered with a target of 1.1536, based purely on technical factors. If the price remains above the moving average line, long positions toward 1.1841 and 1.1902 remain valid as part of the larger bullish trend. Explanation of Illustrations:Linear regression channels help identify the current trend. If both channels point in the same direction, the trend is strong.The moving average line (settings: 20.0, smoothed) defines the short-term trend and a suitable trade direction.Murray levels are calculated target zones for price movement and corrections.Volatility levels (red lines) indicate the expected price range for the next 24 hours based on current volatility metrics.The CCI indicator: entering the oversold area (below -250) or overbought area (above +250) suggests a trend reversal may be imminent.The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD 5-Minute Chart Analysis The GBP/USD currency pair also showed limited volatility on Thursday, though it continued to edge higher—slowly but steadily. Clearly, the British pound and market bulls still have energy to spare. Over recent weeks, buyers have been largely inactive despite having solid reasons to support the pound at least occasionally. Across the Atlantic, news from the U.S. continues to disappoint. Meanwhile, the U.K. has released a batch of macroeconomic data this week, some of which could have justified a GBP sell-off. From our perspective, the fact that the pound continued rising despite mediocre reports is a strong signal. From a technical standpoint, the situation is straightforward. The price has broken through the descending trendline and both lines of the Ichimoku indicator. It has all the technical, macroeconomic, and fundamental reasons to strengthen. The upward trend on the daily timeframe also remains intact. Of course, a correction or sideways movement may prolong the consolidation, but in our view, the dollar's fate is already sealed. The British economy hasn't been particularly impressive, but the Bank of England is unlikely to pursue further monetary easing. Meanwhile, the U.S. economy poses far more concerns than the U.K.'s. On the 5-minute timeframe, price action mostly ranged sideways throughout the day. The price bounced four or five times from the 1.3402–1.3420 area but was unable to build significant upward momentum. Nonetheless, the uptrend above the Ichimoku cloud remains intact. Friday could be a dull day with volatility levels similar to Thursday. COT Report Commitment of Traders (COT) reports for the British pound show that market sentiment among commercial traders has been fluctuating for years. The red and blue lines indicating net positions of commercial and non-commercial traders cross frequently and tend to hover around zero. This currently reflects a nearly even split in buy and sell positions. The dollar continues to decline due to Trump administration policies, so at this stage, market maker demand for the pound is less relevant. The trade war is likely to persist in one form or another for a long time. The Fed is expected to continue cutting rates over the next year. Therefore, demand for the U.S. dollar is likely to weaken regardless. According to the latest report on GBP, the "Non-commercial" group opened 3,700 new long (BUY) contracts and closed 900 short (SELL) contracts. As a result, the net long position increased by 4,600 contracts over the week. In 2025, the pound has already grown substantially. The reason is singular—Trump's policy. Once this factor is neutralized, the dollar may begin to recover, but when that will happen remains unknown. Whether the pound's net position is rising or falling matters relatively little now. The U.S. dollar's net position continues to decline—usually at a faster pace. GBP/USD 1-Hour Chart Analysis On the hourly timeframe, GBP/USD has finally ended its downtrend and begun to rally. The U.S. dollar still lacks any significant justification for strengthening, so we expect the pair to revisit its 2025 highs—barring an extended range-bound phase on the daily chart. However, given the ongoing tensions over Trump's escalating trade war and the Fed's shift toward monetary easing, the pressure on the dollar remains high—a volatile mix of bearish signals. For October 17, we highlight the following key trading levels: 1.3125, 1.3212, 1.3307, 1.3369–1.3377, 1.3420, 1.3533–1.3548, 1.3584, 1.3681, 1.3763, 1.3833, 1.3886. The Ichimoku indicator's Senkou Span B (1.3393) and Kijun-sen (1.3350) lines may also serve as signal levels. A Stop Loss should be moved to breakeven after 20 pips in profit to limit risk in case of a false signal. Note that Ichimoku lines may shift throughout the trading day and should be reevaluated as necessary. No major events are scheduled on Friday in either the U.K. or U.S., meaning another low-volatility session may be ahead. Trading Recommendations: For Friday, traders may consider trading from the 1.3420 level or from the Senkou Span B line. While key levels abound, market-moving news remains scarce. The British pound has begun a clear upward move, so we expect this short-term trend to continue—but flat conditions are possible today. Chart Illustration Key: Thick red lines represent key support/resistance price levels. These are reference levels where movement may pause or reverse. They do not generate signals themselves.Kijun-sen and Senkou Span B are Ichimoku indicator lines transferred from the H4 timeframe to the H1 chart. These are strong support/resistance lines.Thin red lines mark price extremes, from where price has previously rebounded. These serve as signal levels.Yellow lines represent trend lines, trend channels, and other technical patterns.The COT Indicator 1 on the reports shows the net position size of each trader category.Always place Stop Loss orders once the price moves 15 pips in the expected direction to lock in profits or limit losses in case the signal proves false. The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD 5-Minute Chart Analysis On Thursday, the EUR/USD currency pair showed a volatility of about 40 pips. There were no movements throughout the day, offering nothing to trade. There were also no significant events in either the Eurozone or the U.S. As for Christine Lagarde's speeches, they no longer qualify as market-moving events. Over the last three weeks, Lagarde has spoken around ten times. Her message has been consistent: the European Central Bank sees no reason to change its monetary policy in the near future. Accordingly, traders had no reason to react, and no new impulses appeared. Still, the pair maintained its newly formed upward trend, did not retreat, and broke through the Senkou Span B line, which is a key technical milestone. Technical analysis continues to suggest further growth in the euro. First, an upward trend remains in place on the daily timeframe. Second, the descending trendline and Ichimoku indicator levels on the hourly chart have been broken. This creates grounds to expect continued euro strength. Besides technicals, macroeconomic and fundamental factors also support further EUR appreciation. At the moment, we can't identify any meaningful reasons for dollar strength. On the 5-minute timeframe, yesterday's trade signals were underwhelming. As we've mentioned before, if the market is not moving, there's no point in relying on signals, levels, or indicators—there won't be profits. Yesterday exemplified that perfectly. The price spent the entire day hovering between 1.1657 and 1.1666, only managing to settle above that range later in the evening. However, the euro still failed to push higher even after that. COT Report The latest COT (Commitment of Traders) report is dated September 23. The chart clearly shows that net positioning from non-commercial traders has been bullish for an extended period. Bears briefly took control at the end of 2024 but quickly lost it. Since Donald Trump returned to the White House, the dollar has consistently declined. While we cannot say with 100% certainty that the fall will continue, current global developments strongly suggest this possibility. We still do not observe any compelling fundamental drivers for a stronger euro, but there is no shortage of bearish factors weighing down the U.S. dollar. The global downturn for the dollar remains intact, and historical price action from the past 17 years seems irrelevant now. Unless Trump ultimately ends his trade wars, it's unlikely the dollar will stage a sustainable recovery. Potential loss of Federal Reserve independence is another decisive negative factor for the greenback. The red and blue COT indicator lines suggest that the bullish trend remains in place. During the latest reporting week, the number of long positions held by the "non-commercial" group declined by 800 contracts, while short positions rose by 2,600 contracts. As a result, the net position decreased by 3,400 contracts. EUR/USD 1-Hour Chart Analysis On the hourly timeframe, the EUR/USD pair likely ended its downward trend last week. The downtrend line has been broken. The Kijun-sen line has been surpassed. The 1.1604–1.1615 and 1.1657–1.1666 zones have both been breached. The Senkou Span B line has also been broken. At this point, only continued upward movement is expected. We believe the euro should already be moving higher, but market participants are still hesitant to commit to long positions—even though the conditions are fully supportive of such a move. For October 17, we define the following levels for trading: 1.1234, 1.1274, 1.1362, 1.1426, 1.1534, 1.1604–1.1615, 1.1657–1.1666, 1.1750–1.1760, 1.1846–1.1857, 1.1922, and 1.1971–1.1988, along with Senkou Span B (1.1661) and Kijun-sen (1.1609) lines. Note: Ichimoku lines may shift throughout the day and should be accounted for when determining signal strength. No significant events or reports are scheduled on Friday for the Eurozone or U.S., meaning traders may again face a market devoid of triggers, with low volatility likely to persist. Trading Recommendations: On Friday, traders can continue to trade from the 1.1657–1.1666 zone. A bounce from the top of this area will validate long positions targeting 1.1750–1.1760. A confirmed breakdown below this zone will allow for short trades with a target of 1.1615. Chart Illustration Key:Thick red lines represent key support/resistance price levels. These are reference levels where movement may pause or reverse. They do not generate signals themselves.Kijun-sen and Senkou Span B are Ichimoku indicator lines transferred from the H4 timeframe to the H1 chart. These are strong support/resistance lines.Thin red lines mark price extremes, from where price has previously rebounded. These serve as signal levels.Yellow lines represent trend lines, trend channels, and other technical patterns.The COT Indicator 1 on the reports shows the net position size of each trader category.Always place Stop Loss orders once the price moves 15 pips in the expected direction to lock in profits or limit losses in case the signal proves false. The material has been provided by InstaForex Company - www.instaforex.com

XRP is facing renewed pressure this week after the Oct. 10 flash crash triggered record liquidations across the crypto market. The token plunged nearly 40% intraday before rebounding, now hovering between $2.20 and $2.60 as traders assess what’s next. Despite heavy whale selling and lingering volatility, market analysts insist that “this week could change everything” for XRP, with key ETF decisions and regulatory milestones approaching that could redefine its long-term outlook. Flash-Crash Fallout: Liquidations, Whale Flows, and Key Support XRP was swept up in the Oct. 10 crypto “flash crash,” sliding intraday by 40% before rebounding to a monthly loss near 20%. The trigger wasn’t a protocol flaw but a leverage washout tied to tariff headlines that jolted risk assets. Heavy forced deleveraging slammed both CEX and DEX liquidity, pulling most majors sharply lower in minutes. Since then, XRP has steadied in the $2.20–$2.60 band, with the 200-day EMA near $2.62 now a pivotal pivot. On-chain flows show mixed positioning as large holders sent sizable tranches to exchanges during the drop (a classic profit-taking/hedge tell), yet the torrent slowed after Oct. 11, helping price stabilize. Technically, bulls need a daily close back above $2.80–$3.00 to neutralize the short-term downtrend; lose $2.20, and the next magnet sits near $1.80. Notably, Ripple’s RLUSD stablecoin held its peg through the chaos, an institutional-friendly datapoint that underscores XRPL’s operational resilience under stress. Derivatives Heat Up as XRP ETF Window Nears Currently, futures open interest eased, but options activity surged triple-digits, signaling traders are bracing for larger moves. Long/short ratios remain skewed long on major venues, fertile ground for volatility if support cracks. That backdrop meets a dense ETF decision window (Oct. 18–25) for issuers including Grayscale, 21Shares, Bitwise, Franklin Templeton, and CoinShares. Pundits point out that the SEC’s shortened 75-day review is a sign of an accelerated process, even as macro cross-currents (tariffs, growth jitters) complicate risk appetite. Legal clarity also looms large as courts have affirmed XRP isn’t a security on secondary markets, removing a structural overhang that kept many institutions sidelined last cycle. What Would Flip the Trend With the XRP price below the 20/50/100-day EMAs and the Supertrend still bearish, momentum remains fragile. Bulls need: Price confirmation: Reclaim $2.80–$3.00 with rising spot volume to target $3.50–$3.80. Flows confirmation: Net ETF inflows and calming options skew to validate dip-buying. Macro calm: Softer tariff rhetoric and benign data to reopen risk windows. These absent, a break below $2.20 risks a deeper corrective leg toward $1.80, with tail-risk bears eyeing $0.75 in a severe macro shock. Nonetheless, the institutional narrative is intact as RLUSD’s stability, CBDC/RWA conversations tied to XRPL, and a maturing compliance toolset all support longer-term adoption. That’s why some analysts insist “this week changes everything”, if regulatory catalysts align, XRP’s next leg higher could begin. Cover image from ChatGPT, XRPUSD on Tradingview

The 200-week moving average is one of the most critical macro indicators for Bitcoin, serving as the definitive divide between bear market capitulation and long-term accumulation. While BTC’s price movements are notorious for their sudden, dramatic swings, history shows that the 200 WMA technical indicator has stood out with remarkable consistency. How The 200 WMA Has Defined Every Bitcoin Cycle Luke Broyles, an observer of Bitcoin’s market cycles, has noted on X that BTC has been screaming buy all 5 times that it hit the 200 WMA. This track record leads many to ask if they should hold a lump sum on the sidelines until that hits. Broyles acknowledges that while BTC has been trending down, that hasn’t been the worst idea in the world. Although it isn’t a magic bullet. As Broyles explains, 3 out of the 5 times it has hit the 200 WMA, it was there for mere days. The worst part is that when BTC trends upward, the 200 WMA rises with it, making the ideal entry a constantly moving target. However, Broyles provided a vivid example from recent history. In April 2023, BTC was $31,000, and the 200 WMA was $25,000. Before that, BTC was $16,000 months ago, and many thought a pullback into the $20,000 range was likely. Meanwhile, the analyst advocates for a buy at 31,000. During that time, 200 WMA was so close, and they cared more about bragging rights of I bought at the 200 WMA instead of simply accumulating BTC. By the time BTC briefly dipped below the line again, it was already at $28,000, and that was the last chance. Currently, the 200 WMA sits comfortably above $50,000, and if BTC’s uptrend continues, that line could climb to $70,000 or even $100,000 before price ever revisits it. Why Bitcoin Remains Bullish On Higher Timeframes An analyst known as Scient has emphasized that BTC is on the higher timeframes. The blue zone remains a must-hold area for bullish continuation, with price consolidating above $108,000 for nearly three months. This range could be setting up a clean flip of that level into support before a major expansion phase. Furthermore, all liquidity below the range lows (RLs) has been swept. The recent drop followed a higher high (HH) on the 3-day chart, and now BTC sits right at the RLs, an ideal zone where a higher low (HL) could confirm a continuation pattern. Scient pointed out that it’s the candle body that matters for divergence, the wicks don’t count. He’s watching closely for hidden bullish divergences to develop on the 3D timeframe, which would confirm the bullish setup. According to the analyst, this week looks relatively slow, but the next volatile move will likely come next week.

The cryptocurrency market extended its slide on Thursday, with Bitcoin price briefly falling under $110,000 before regaining some ground. CoinGecko data showed that the Bitcoin price dropped to $107,500 from $110,400, representing a decline of 3% in the past 24 hours. Market Cap 24h 7d 30d 1y All Time Most major altcoins followed the same path. Nine of the top ten non-stablecoin assets traded lower, losing between -0.9% to -5.3%. The drop came after a surge in Bitcoin transfers from miners to exchanges, hinting at mounting selling pressure. Just a few weeks earlier, miners were adding to their Bitcoin holdings despite higher costs and tighter margins. That trend reversed as falling transaction fees cut into revenue, worsened by April’s halving and higher network difficulty. Will Q4 2025 Bring Another Wave of Volatility for Bitcoin Traders? The Bitcoin price extended its weekly decline, trading near $107,500 after falling approximately 10.8% over the past seven days. Similar sell-offs have marked late stages of previous market cycles, often reflecting caution among investors. Data from Farside shows that Bitcoin exchange-traded funds have seen outflows of more than $108M since the start of the week, adding to the market’s selling pressure. According to Derbit data, options traders have placed over $1.7Bn in bets that the Bitcoin price will rise above $130,000 before year-end. Polymarket data suggests that participants assign better than a 50% chance to that scenario in 2025. (Source: Polymarket) Analysts at CryptoQuant called the recent $19Bn drawdown a “leverage flush,” suggesting it’s a market reset rather than the start of a long decline. The two trends show similar behavior. In 2020, Bitcoin’s steep drop was followed by a fast rebound and a long rally to new highs. The 2025 chart is tracing the same pattern: a deep sell-off, then a base forming near the lows. (Source: X) The existing candles are indicative of capitulation. The long wicks recorded and the heavy sell volume are indications that panic selling may be nearing its end, and this is typically a sign of the bottom. At the time of his analysis, the Bitcoin price traded at nearly $110,000, which may form a double-bottom pattern, similar to that of March 2020. The symmetry of the chart suggests that market fear can be at its peak, and this can be the start of a recovery as soon as the selling pressure subsides. According to Glassnode data, the small Bitcoin holders continue to accumulate their holdings. The charts show that the accumulation of wallets containing 1 to 1,000 BTC has been increasing since the end of September. (Source: X) In the meantime, large holders who own over 10,000 BTC have either reduced their purchases or slightly decreased their holdings, indicating that central accumulation has ceased. This move indicates a newfound confidence of the retail and mid-size investors as Bitcoin trades at $110,000-$115,000. Historically, it has been commonly observed that this type of accumulation by smaller holders precedes recoveries that occur in the wake of widespread market corrections. DISCOVER: Best New Cryptocurrencies to Invest in 2025 The post Will Bitcoin Recover After $5.6Bn Miner Sell-Off? Analysts Weigh In on $110K Support and 2020-Style Bottom appeared first on 99Bitcoins.

Critical Metals Corp. (Nasdaq: CRML) announced Thursday that it has entered into a securities purchase agreement with an un-named institutional investor to raise $50 million gross proceeds via a private investment in public equity (PIPE) transaction. Under the terms, CRML is issuing, for an aggregate purchase price of $50 million, an aggregate of 1.47 million ordinary shares and pre-funded warrants to purchase an aggregate of approximately 1.56 million shares. The company said it intends to use the net proceeds from the offering to help fund the development of its 4.7 billion metric ton rare earth deposit, Tanbreez, in Greenland. The Tanbreez project in Greenland is one of the world’s largest heavy and medium rare earth deposits. The New York-based company also owns the Wolfsberg lithium project in Austria, which it describes as Europe’s first fully permitted lithium mine. Last week, Critical Metals signed a letter of intent with US-based rare earth processor REalloys for a ten-year offtake agreement covering 15% of production from Tanbreez. That deal followed an August agreement with Ucore Rare Metals for 10% of Tanbreez’s output, bringing its total committed offtake to 25% of expected production. “This financing further strengthens our balance sheet and demonstrates continued investor confidence in Critical Metals Corp as we advance our strategic portfolio of critical mineral assets,” CEO Tony Sage said in a news release. “The proceeds will support our development efforts at Tanbreez, one of the world’s largest rare earth deposits in Greenland, which is expected to help address the growing demand for heavy rare earths in the West,” Sage said. “We are pleased to welcome the support of our investors as we work to become a reliable supplier of critical minerals.” CRML stock was down 4.9% in after hours trading in New York. The company has a $2.01 billion market capitalization.