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Upbit Crypto Exchange Lands Massive $669M Hana Deal: Strong Aquisition of Dunamu

By | Edited By Sahana Kiran,,

Upbit crypto exchange is gaining momentum in South Korea. Traditional banks are no longer watching from the sidelines. They are entering the digital asset sector directly, with Hana Bank leading the latest major move.

Hana Bank revealed that it will acquire 2.28 million shares in Dunamu from Kakao Investments. The deal is worth 1.003 trillion Korean won, or about $669.2 million. Once completed on June 15, Hana will own a 6.55% stake in Dunamu, becoming the company’s fourth-largest shareholder.

Dunamu operates Upbit, the largest crypto trading platform in South Korea. Upbit controls more than 80% of the country’s crypto trading volume. The exchange is also ranked among the world’s top spot exchanges, processing more than $1 billion in daily trading volume.

Also Read: Binance, Upbit List CHIP on April 21 With 3 Trading Pairs

Upbit Crypto Exchange Signals Growing Institutional Trust

The latest move is a strong signal for every upbit crypto exchange now circulating in the market. Large financial institutions rarely invest this much money without seeing long-term value.

Hana said the investment will help it “secure competitiveness in the new financial landscape.” The bank has already expanded its crypto exposure through deals with Circle, Crypto.com, and Standard Chartered Group. Earlier this year, Hana also partnered with SK Telecom and BitGo to launch BitGo Korea.

These partnerships show a clear strategy. Hana wants a deeper role in digital finance before regulations become fully established.

Meanwhile, Kakao Investments is reducing its exposure. After the sale, Kakao will hold a 4.03% stake in Dunamu.

Source: X

Upbit Crypto Exchange Gains Strength Amid Regulation Changes

South Korea is currently building a new crypto framework called the Digital Asset Basic Act. The proposed rules include guidelines for stablecoins and digital asset operations.

This changing regulatory environment may help major exchanges like Upbit gain even more credibility. Investors often look for legal clarity before committing serious capital.

Dunamu is also working on a merger and acquisition process with Naver Financial. If finalized, the move could tighten Upbit’s connections with one of South Korea’s largest technology groups.

For many analysts, Upbit crypto exchange is becoming clearer. Big banks, tech firms, and regulators are all moving toward deeper involvement in crypto. That trend could push Upbit into an even stronger position in Asia’s digital asset market.

Also Read: Bittensor (TAO) Holds $187 After Upbit Listing, Eyes $205–$270 Breakout

Binance Research Reveals $75B in Illicit Crypto Funds Stuck Onchain

By | Edited By Sahana Kiran,,

A Binance Research analysis found that more than $75 billion in illicit crypto funds remain visible and traceable on-chain. The report said blockchain records are making laundering harder, even as criminal balances have continued to grow since 2016.

According to the findings, illicit crypto activity still makes up less than 1% of total transaction volume. However, balances linked to crime have increased as fewer assets move successfully through laundering channels.

Also Read: Myanmar Online Scam Crackdown: Death Penalty for Violent Operators

Illicit Crypto Funds Face Tighter On-Chain Tracking

Binance Research said the figure rose another 28% in 2025 compared with 2024. The firm said the problem is becoming structural for bad actors because blocked balances are staying on-chain.

Compliance systems are taking on a bigger role in restricting exits, according to the report. Know Your Transaction tools warn of flagged wallets, while Know Your Customer checks block off-ramp access for risky users.

When wallets are flagged as criminal, stablecoin issuers also assist in restricting movement. Freezing tools and direct law enforcement seizures have made laundering more difficult, Binance Research said.

It added that the immutable blockchain makes it easier for investigators to follow illicit crypto funds through multiple address wallets. Even if the assets themselves leave that original wallet linked to crime, each transfer stays on-chain.

Source: Binance Research

More than 80% of illicit crypto funds are no longer sitting in the first wallet associated with a crime, according to Binance Research. Although these assets usually flow into downstream wallets, the traces of transactions can still be seen.

The report also indicated that traceability does not end with the first address. The ledger records every movement, and investigators can trace later transfers.

Privacy Tools Fail Against Illicit Crypto Funds

Binance Research also challenged privacy tools in big cyber-heists. It claimed that Wasabi Wallet and CryptoMixer together have an aggregated daily volume of nearly $10 million.

That capacity is still relatively small in comparison to big crypto hacks. It claimed that a thief would require more than 100 days to pull off a $1 billion heist on any of those platforms.

These findings are in line with the data from Chainalysis for October 2025. The report estimated that over $75 billion in illicit crypto assets had been held within wallets directly or indirectly associated with crimes.

The firm also discovered that over $40 billion was associated with operators and sellers in darknet markets. Almost 75% of all illicit balances came from Bitcoin, while stablecoins and Ether kept on gaining ground.

The Binance Research analysis came after the exchange outlined its anti-scam AI systems. In Q1 of 2026 alone, Binance claims over 100 AI models thwarted approximately 22.9 million scam attempts and assisted in securing the accounts of over 5.4 million users throughout the year.

Also Read: Trump Purchases MARA Holdings Shares in Q1 Filings Disclosure 

Bitcoin Price Holds $81,000 as Exchange Supply Hits 2018 Low

By | Edited By Sahana Kiran,,

Bitcoin price maintains a solid market position as price action steadies near a major technical level, while on-chain supply metrics and institutional inflows continue driving overall crypto market sentiment.

Currently, BTC is trading at $81,008, reflecting a 2.21% increase during the previous day. The asset has recorded a 24-hour trading volume of $62.25 billion, with a total market capitalization of $1.62 trillion. Meanwhile, BTC accounts for around 60.44% of market share within the digital assets space.

Bitcoin price chart
Source: CoinGecko

Also Read | Bitcoin Tops $80K Ahead of US Senate CLARITY Act Vote

Bitcoin Exchange Supply Hits 2018 Low

According to data shared by Santiment Intelligence, BTC held on exchanges has dropped to 5.6% of the overall number of assets. Interestingly, this level of exchange supply was steady over the course of the past month and hasn’t been observed since 2018.

Decreasing supply on exchanges means that fewer BTCs can be readily sold because more people prefer to store their investments in long-term storage solutions. Such an on-chain trend often reflects growing confidence among long-term holders, reducing potential sell pressure in the short term.

Bitcoin price analysis
Source: Santiment’s X Post

Meanwhile, Ethereum is also showing a similar pattern, with exchange-held supply at around 4.6%, up slightly from 4.2% just ten days ago. Although the number has recently increased by 0.4% points in ten days, the Ethereum exchange balance remains at historic low levels compared to all the years ETH was traded on exchanges in 2015.

Bitcoin Price Tests Key Technical Resistance

Bitcoin price continues facing tough resistance near the 200-day moving average. Now, this indicator stands close to $82,000. This indicator is widely followed in market analysis because it reflects the average closing price over the past 200 trading sessions, helping smooth out short-term volatility and highlight broader direction.

Recently, BTC has made two attempts to move above this level but failed to maintain upward momentum, retreating toward the $80,000 range. The repeated rejections have made it an important level to break through, especially for long-term investors. Indeed, the higher the price is relative to the 200-day moving average, the better it is for buyers, as it boosts investor sentiment.

Bitcoin technical price analysis
Source: TradingView

Over $3.4 Billion Total ETF Inflows

Despite short-term price fluctuations, institutional interest in the Bitcoin price continues. According to the data, spot Bitcoin exchange-traded funds registered $620 million in net inflows in the past week, bringing total inflows in six weeks to more than $3.4 billion.

It appears that despite short-term price movements, investment products remain popular and attract significant volumes of funds. As a result, institutional investors continue accumulating BTCs and taking them out of circulation, which adds to price support.

Also Read | Ethereum Price Holds Above $2,300 as Institutional Demand Grows

Zcash Price Prediction Signals Explosive 8% Surge

By | Edited By Sahana Kiran,,

Lately, it feels like Zcash price prediction trends are coming back into the spotlight again, kind of quietly, but then suddenly. This privacy-oriented token just pulled off some pretty strong recent gains, and now traders are watching it, not just the headlines, but the signals too, to see if the rally actually still has room to keep expanding.

ZEC now shows up around $548.63 after it climbed 5.47% over the past 24 hours. That jump looked a bit stronger than the broader crypto market, which added 2.94% in the same stretch. Zcash also managed to do well vs Bitcoin, logging about a 3.00% rise against the top cryptocurrency.

Analysts are now thinking that ZEC could climb another 8.01% in the next five days, as they see it as likely. If it really plays out that way, then the token might reach about $606.81 by May 19, 2026.

Source: CoinCodex

Also Read: Grayscale Files Zcash ETF Plan for NYSE Arca Listing

Zcash Price Prediction Shows Strong Momentum

Lately, this trend has been hard to ignore. Zcash has picked up about 54.35% over the last 30 days, which is honestly not small. In the course of the past three months, the asset climbed 97.12% as well, and it feels like it kept pressing higher. If you look at the full year, things seem even stronger, because ZEC is up 1,196.66% from where it was, $42.31 a year earlier.

Source: CoinCodex

However, Zcash stays way below its all-time peak of around $5,941.80 hit back in October 2016. Right now, the cycle high is sitting at about $736.68, and the cycle low is down near $16.04.

Volatility is also climbing as the Zcash price prediction showed a monthly volatility level of 24.86%, and there were 16 green days in the last month. These points show pretty strong trading activity, yet it also underlines the dangers linked with sudden price swings.

Zcash Price Prediction Remains Neutral

Technical indicators show a kind of mixed, or slightly confused picture. In all, out of 30 indicators, 21 are hinting at bullish conditions while 9 are still bearish. So the overall sentiment sort of ends up neutral, even if it feels a bit split in the middle.

The Relative Strength Index shows 62.33, so it seems ZEC is not really overbought, not oversold either, kind of middle ground. At the same time, Zcash is going for a move under both the 50-day and the 200-day simple moving average. These signals, from time to time, do imply bearish pressure in the market.

Source: CoinCodex

Key support levels are located at $497.41, $470.67, and $425.26. Resistance levels stand at $569.56, $614.96, and $641.70.

Source: CoinCodex

The Fear & Greed Index currently reads 34, so the market is sitting in fear territory. This usually mirrors investor hesitation, but also some traders view that same fear as a kind of an opening to gather assets in advance, right before another rally starts.

The current Zcash price prediction is still pretty neutral, but you can feel momentum building. If buyers keep holding the reins, ZEC might, in the near term, test that $606 level pretty soon.

Also Read: Zcash Price Breaks Key Resistance as Bulls Extend Momentum Toward $800 Upside

CLARITY Act Wins Crucial 15-9 Senate Vote: Ripple Exec Cheers

By | Edited By Sahana Kiran,,

The crypto industry has spent years asking for rules. Now, the CLARITY Act may finally offer them. Ripple, the San Francisco blockchain company, is backing the legislation as it kinda moved out of the Senate Banking Committee, and not in a small way. The bill cleared the chamber on Thursday with a 15-9 bipartisan tally.

Ripple Chief Legal Officer Stuart Alderoty called the committee decision a “monumental outcome” for digital assets. Writing on X, he said the vote showed that Washington now understands the need for clear rules in the crypto market.

Alderoty also gave thanks to Senators Tim Scott, Angela Alsobrooks, Bernie Moreno, and Ruben Gallego for helping move that legislation forward, basically. It was, in a way, a kind of nudge along the process.

Also Read: Bitcoin Tops $80K Ahead of US Senate CLARITY Act Vote

CLARITY Act Gains Powerful Industry Support

Ripple CEO Brad Garlinghouse kind of framed the CLARITY Act as a kind of safeguard that everyday investors really need. He said that millions of Americans already own digital assets, and they do deserve protections that look a bit like what you find in more traditional markets. In other words, it’s about making sure the little guys aren’t left holding the bag, while everything moves so fast.

Source: Google

Garlinghouse also defended the bill against the criticism coming from certain parts of the crypto community. Some industry voices say that the legislation doesn’t go far enough. Charles Hoskinson criticized Ripple’s support of the proposal, too, and he argued that the overall framework is still pretty weak across a few key areas.

Garlinghouse took a more practical position. He said waiting for a perfect bill could delay regulation for years. According to him, the industry needs workable rules now so innovation can continue to grow in the United States.

CLARITY Act Sparks Debate Across Crypto Industry

The committee vote revealed both support and division. All 13 Republicans on the committee backed the measure. Democratic Senators Ruben Gallego and Angela Alsobrooks crossed party lines to support the bill, while nine Democrats voted against it.

Among the critics was Elizabeth Warren, who has repeatedly raised concerns about crypto regulation and investor risk. The final version of the bill included compromises aimed at winning bipartisan support. Those changes triggered criticism from decentralized finance advocates, who fear the legislation could weaken protections for DeFi innovation.

Even so, much of the broader crypto industry celebrated the vote. Brian Armstrong described the committee decision as a “historic day for crypto,” signaling growing momentum for federal digital asset regulation in the United States.

Also Read: XRP Price Prediction: Will XRP Hit $1.50 in May Amid CLARITY Act Buzz?

Gemini Revenue Jumps 42% in Q1 as Credit Card Business Expands

By | Edited By Sahana Kiran,,

Gemini revenue increased considerably in the first quarter of 2026 as the cryptocurrency firm expanded its operations to include financial services beyond cryptocurrencies. For Q1, Gemini recorded revenues totaling $50.3 million, reflecting 42% growth compared to the corresponding period in the previous year amid low trading volumes on crypto exchanges.

Gemini Q1’2026 Revenue
Source: Gemini’s X Post

The firm, founded by Cameron Winklevoss and Tyler Winklevoss, said its growing financial services business played a major role in the company’s quarterly performance.

While Gemini’s income saw an upward trajectory, the business unit witnessed a drop-off in exchange operations. Income from transactions was relatively stagnant at $24 million, but crypto exchanges saw their income fall by 27% year-on-year to $17.2 million.

The trading volumes on Gemini also decreased significantly, dropping from $13.5 billion in Q1 2025 to $6.3 billion in the most recent quarter.

Also Read | Avalanche Price at $10.12 Surges Amid Avalanche Ecosystem Boom

Gemini Revenue Boosted by Credit Card Growth

Gemini’s credit card business was the major contributing factor to Gemini’s growing revenue stream, as its credit card revenue grew almost 300 percent to $14.7 million with increased customer numbers using their Gemini Credit Card.

Gemini ventured into the financial services industry for the first time in 2021 with products for consumers, including crypto reward credit cards. Over time, Gemini revenue has continued to emphasize providing non-crypto exchange services.

According to the company, services and interest income form almost half of the total revenue, which indicates the criticality of the diversification strategy for Gemini’s revenue generation.

Gemini President Cameron Winklevoss stated that the company expects the momentum from its diversified business strategy to continue growing in future quarters.

This is part of an overall trend in the cryptocurrency sector. Coinbase has ventured into stock and ETF trading, whereas Kraken has concentrated its efforts on derivatives trading and M&A activities centered around non-cryptocurrency securities products.

In addition to increased revenue from Gemini, the company also noted a substantial rise in expenditures. Operating expenditures grew by 73%, reaching $144.5 million for the quarter.

Gemini cited the following reasons behind the growth in expenditure: higher labor costs, marketing expenses, and expenditures related to the company’s expansion into credit cards.

Because of increased expenses, the adjusted EBITDA loss was reported at about $60 million in Q1. There was also a $100 million strategic investment made in Gemini by Winklevoss Capital, which is funded by Bitcoin for 7.1 million common shares.

Gemini Expands Into Derivatives and Financial Services

April of 2026 witnessed Gemini revenue getting licensed by the Commodity Futures Trading Commission as a Derivatives Clearing Organization, thereby becoming one of the select crypto-native firms in the United States holding licenses for Designated Contract Market as well as DCO.

The firm claims that the new license represents progress toward its goal of becoming a complete financial market platform, providing cryptocurrency trading, derivatives, predictions, and much more.

Following the earnings announcement, shares of Gemini (GEMI) gained 6.9% in the extended session and closed at $4.92, even though the stock is down 47% year to date, according to Google Finance.

Recently, Coinbase announced its first-quarter revenue at $1.41 billion, down 31% year-on-year, while reporting a net loss of $394 million. The company highlighted that derivatives, stablecoins, and prediction markets have been driving growth, compensating for low crypto trading volumes.

Also Read | TRON Price Surges to $0.3546: 4 Optimistic Signs Supporting the Rally

Trump Purchases MARA Holdings Shares in Q1 Filings Disclosure 

By | Edited By admin,,

Financial disclosure filings from the U.S. Office of Government Ethics indicate that former President Donald Trump acquired shares of MARA Holdings during the first Q1 of 2026. The documents cover January through March and outline broad securities activity across multiple major U.S. companies, including Microsoft, Meta, Oracle, Broadcom, Goldman Sachs, and Bank of America.

The filing from the Office of Government Ethics says that Trump’s total securities transactions during the reporting period totaled around $220 million and $750 million. There was a variety of major companies involved in the process, including both individual securities and index-linked products, although details of exact executions were omitted.

Also Read | SHIB Price Analysis: Falling Wedge Breakout Hints at 6x Move to $0.000030

MARA Holdings and Crypto Market Exposure in Trump Portfolio

In addition to other assets, MARA Holdings mentioned in the disclosure filings. The company is connected with the cryptocurrency space and Bitcoin mining operations, although Trump does not own any crypto-related assets directly in his portfolio.

A post on X by LuxAlgo highlighted new U.S. ethics filings involving Donald Trump and MARA Holdings. The report includes the period between January and March 2026, with multiple purchases executed during that time, according to the filing.

MARA Holdings filing
Source: LuxAlgo’s X Post

Detailed Trading Activity Across Crypto-Linked Stocks

According to the additional disclosure documents, numerous transactions took place in the shares of Coinbase, Strategy, Block Inc., Robinhood, and SoFi Technologies. According to the disclosure documents, the filing includes nine Coinbase transactions, as well as several transactions with MARA Holdings. According to the filing documents, crypto exposure is minor compared to the number of transactions over 2,000 during the reporting period.

MARA Holdings
Source: LuxAlgo’s X Post

Donald Trump’s financial filings also include acquisitions in other index funds and technology-linked investments. The​‍​‌‍​‍‌ disclosure left the individual trading decisions made by family members unassigned, it confirms general participation across equity index funds and technology-linked investment instruments’ record ​‍​‌‍​‍‌filings.

Also Read | INJ Price Breakout Targets $51 as MACD Signals Strong Bullish Reversal

AAVE Price Climbs 4% As Falling Wedge Signals Breakout Setup

By | Edited By Messam Raza,,

AAVE is trading at $99.48 according to CoinMarketCap, showing a 4.05% rise in the past 24 hours and a 9% increase over the last seven days. The AAVE price has started to bounce back after quite some time of stagnation in the DeFi market.

AAVE price chart

Source: CoinMarketCap

The increased interest can be seen as the volume starts to climb gradually. However, this increase seems to be because of short-term traders returning to the market. There is a price squeeze developing in Aave, and this usually occurs when an asset is about to make a significant break.

The consistency in gains indicates that there is accumulation going on rather than trading from speculation. Investors are monitoring the $95 support area, which has acted as a bottom so far.

Also Read: CFTC Takes No Action on Prediction Markets as Regulatory Battle Heats Up

AAVE Price and Falling Wedge Compression

From the one-day chart of Aave, there has been a downtrend over the long term from the moment of the major peak in the market. There is a tendency for the AAVE price to continue moving on the downward trend, forming a consistent pattern of lower peaks and troughs.

Eventually, the trend will turn into a falling wedge. The significance of this trend lies in the AAVE price prediction since it demonstrates that, despite the downtrend, there is less selling pressure.

AAVE Price and Falling Wedge Compression

Source: X

The price’s movement to the upper boundary of the trend and its rejection result in a loss of momentum. Simultaneously, the bottom boundary has reduced the speed of the decline.

This situation has caused lower fluctuations in AAVE price, something that always precedes an uptrend or downtrend. This is why the traders have considered the current formation a pivotal level, owing to the fact that the price is hovering around the top of the formation.

Any attempt by buyers to drive the AAVE price above resistance, accompanied by increased volume, can result in a breakout. Otherwise, it may remain sluggish and sustain the downtrend till there is a reversal.

Aave Bug Bounty Expansion and Governance Update

Meanwhile, Bug bounties in the Aave protocol have been modified to ensure more safety in the ecosystem through multiple protocols.

The bug bounty will be rewarded higher for Aave v4 and Core Aave v3, with top bounty amounts rising to $5 million for critical bugs. The bug bounty program is divided into three different platforms, namely Immunefi, Sherlock, and Cantina.

It will help reduce confusion and ensure appropriate reward levels based on risk. The Core V3, V2, GHO, and infrastructure programs will remain within the scope of Immunefi, whereas the Aave V4 and Aptos programs will move to Sherlock and Cantina, respectively.

The DAO will be responsible for funding all the program areas from now onwards through one unified platform. This restructuring indicates the efforts made by Aave to become clearer, more streamlined, and more secure in its protocol.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Hyperliquid USDC Upgrade: Coinbase Leads AQAv2 Activation With USDC Alignment

Solana Price Holds Key $90 Support and $96 Resistance Limits Breakout Momentum

By | Edited By Messam Raza,,

Solana price is sustaining itself above crucial support zones while maintaining stability amid a brief recovery period. The SOL price remains range-bound inside a corrective pattern, and technical analysts are keenly following to identify any possibilities of a potential breakout from the current consolidation zone.

At the time of writing, SOL is trading at $93.52, showing a 2.44% increase over the last 24 hours. Daily trading volume reached $6.50 billion, while market capitalization stood at $53.54 billion, according to CoinMarketCap.

Solana price analysis

Source: CoinMarketCap

Also Read | Bitcoin Holds Above $80K as US 10Y Yield Reaches 4.4%

Solana Price Stays in Correction Phase

On May 14, 2026, a crypto analyst, More Crypto Online, pointed out that the current Solana price remains within the corrective pullback process and no significant change has been observed in the outlook compared to the previous analysis. The rejection of Solana at the $96 resistance area was anticipated.

The overall structure also indicates that there is still a possibility of an ABC corrective pattern. Nevertheless, the SOL price will require more gains from support to sustain short-term upside momentum.

SOL price analysis chart

Source: More Crypto Online’s X Post

Solana price is currently at support near the $90.25 level. For as long as it can remain above that level, there will be a potential for further price increases. The correction in price from its peak on May 12 continues to remain a corrective phase.

But there is still no strong support bounce, indicating that momentum should be improved before confirming the upcoming upward wave.

A fall below the SOL price at $90.25 can pave the way for a further decline to the next significant support level at $81.50, corresponding to those seen in late April.

Technical Signals for Solana Price Show Mixed Strength

Based on the technical analysis of Solana price, it can be observed that buying pressure is present; however, buying momentum is weakening somewhat. The SOL RSI currently stands at 58.15, where its moving average is 58.64. As the RSI stays above 50, buying strength continues to be positive, albeit weaker compared to previous levels.

Technical Signals for Solana Price Show Mixed Strength

Source: TradingView

Meanwhile, MACD favors a bullish setup as well. MACD line trades above the signal line, and the histogram remains in positive territory. It implies that the bulls are still in charge, although the decreasing bars on the histogram show that buying pressure is losing steam.

Overall, the SOL price is currently experiencing a recovery trend, but it will depend on whether buyers can hold their ground and muster enough energy to make a new advance.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | Dogecoin Price Prediction: Breakout Rally Could Extend Toward $0.20 Zone

Bitcoin On-Chain Analysis Signals $105K Move As Cycle Model Shows Rare 7th Historical Trigger

By | Edited By Messam Raza,,

Data from the on-chain analytics platform Alphractal showed Bitcoin On-chain analysis entering another critical stage in its long-term cycle structure after its Fibonacci-Adjusted Market Mean reached a level rarely seen in the asset’s history.

As observed by the firm, the occurrence of this ratio has been just seven occasions since 2015, and during all such occasions, the price has increased over the subsequent 12 weeks. According to the Bitcoin on-chain analysis model, the market might be experiencing an expansion period.

As per CoinMarketcap’s data, Bitcoin at the time of writing stood at $81,328, representing an increase by 2.46% from yesterday’s closing price, while its 24-hour trading volumes surged by 30% to $43.82 billion.

Bitcoin price chart

Source: CoinMarketcap

The Alphractal method applies the concept of the realized price, alongside Fibonacci growth curves, to recognize cycles within the Bitcoin market.

While the green and blue areas represent periods of accumulation, orange and red indicate peaks in 2013, 2017, and 2021. This structure is central to Bitcoin on-chain analysis and price prediction models tracking long-term cycle behavior.

Also Read: SUI Price Breaks Descending Channel as Momentum Builds Toward $4.20

Bitcoin On-Chain Analysis and Price Prediction Cycle Structure Still Points Higher

According to Alphractal’s research, Bitcoin continues its staircase-like trend, which has been unchanged throughout several cycles.

Following every bullish wave driven by halving, Bitcoin has traditionally experienced significant corrections before forming bottoms during bearish periods at levels much higher than previous ones.

In addition, the Bitcoin on-chain analysis and the price prediction indicate that this phenomenon can be explained through logarithmic growth.

Bitcoin On-Chain Analysis and Price Prediction Cycle Structure Still Points Higher

Source: Alphractal

Moreover, according to the analysis, Bitcoin remains in the upper-middle valuation category, and it is not located within the highly speculative red category that was associated with the previous cycle peak.

The asset’s prices have reached elevated levels, but no signs of market excess can be observed. The past cycles experienced high percentages since the Bitcoin market cap was lower at that time.

However, the growth is reducing because the influence of institutional players is shaping its behavior. There are indications of structural health from Bitcoin on-chain analysis and the price outlook.

Institutional ETF Flows Create Major Decision Zone

Meanwhile, CryptoQuant reported that the Bitcoin exchange rate is lower than the one that institutions assess Bitcoin based on their ETF Flow Impact Score (EFIS).

Currently, EFIS assesses the fair valuation of Bitcoin at $88,144 while the market price stands at approximately $79,277, meaning that the cryptocurrency is currently undervalued by 11.2% compared to the ETFs’ valuation of Bitcoin.

Institutional ETF Flows Create Major Decision Zone

Source: CryptoQuant

Starting from January 2024, it seems that the spot Bitcoin ETFs have already accumulated 1.394 million BTC, forming some sort of steady floor under the asset. From the technical standpoint, there are two main scenarios for the BTC price.

Institutional ETF Flows Create Major Decision Zone

Source: CryptoQuant

The first one is bullish and hinges upon a return above the $88,144 EFIS point, which would result in potential resistance near the $105,572 mark.

If Bitcoin fails to break out at this point, bearish pressure may force it towards the institutional support at $70,716, a region briefly violated in March-April.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: ZEC Price Outlook: Bulls Eye $400–$440 Zone for Potential Rebound