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Crypto Market Trends

NEAR Eyes $5 Rally as Bullish Trend Gains Strength

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  • Near Protocol is showing a classic uptrend pattern with rising highs and lows, drawing strong attention from traders.
  • A recent market correction pushed it below a key support level, triggering short-term bearish sentiment.
  • The asset is currently testing a curved resistance level, which could determine its next major move.
  • A successful breakout may signal the start of a broader rally, while failure could lead to a deeper retracement.

NEAR is setting itself up to lead the next bullish rally, after several weeks of macro-induced market volatility. The asset is presently in a characteristic pattern of an uptrend, defined by increasing highs and increasing lows. The pattern has caught traders and buyers’ attention, and they are on high alert in the zone to look for a sign of a reversal. A breakout would be a signal of a large-scale reversal of the trend and would trigger fresh momentum in the market in general.

At the time of writing, NEAR is trading at a price of $2.57 with a trading volume of $137.13M in 24 hours and a market capitalization of $3.11B. The NEAR price for all time periods is exhibiting stability and serves to form a sturdy foundation for the next major bull run.

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Source: CoinMarketCap

NEAR Price Outlook: Rally Toward $5 or Risk of Drop?

A prominent crypto analyst, Andrew Griffiths, highlighted that NEAR recently exhibited a very bullish pattern in terms of consistently creating higher highs and higher lows, generating interest among investors. The positive momentum indicated a possible extension of its rally even when overall market conditions were in a state of uncertainty. Its performance in this time made it one of the more attractive of the altcoins to be viewed by retail and institutional traders.

But sentiment shifted sharply with a bigger market decline forcing NEAR to break through a key support point, typically named by the orange trend line in charting. The breakdown also negated last week’s bullish pattern and brought about a fear response and accelerated selling pressure. This induced loss in confidence among investors saw NEAR’s price recede, a reflection of the reemergence of bearish sentiment that hangs over the asset.

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Source: X

Today, NEAR is undergoing a test at a curved resistance line that has consistently acted to quell previous recoveries. A breakout above this moving resistance would reactivate bullish momentum and position NEAR for a possible rally to the $5 area. Alternatively, a failure to retake this area might drive it lower into the critical area of $1.34 support. Coin is at a critical point, and its next move will likely dictate its short-term course and overall market position.

Related Reading: Bitcoin’s Bullish Breakout: Will BTC Reach $161,132 in 2025?

Ethereum Ends April in Red for 5th Straight Month

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  • Ethereum extends its losing streak to 5 months, closing April 2025 down 1.58% and shedding 36.7% of its value over the past year.
  • ETH’s price plummeted from $2,875 (May 2024) to $1,820 (May 2025), with steep drops in October 2024 and March 2025.
  • Analysts predict ETH’s May 2025 performance.

The price of Ethereum (ETH), the second-largest cryptocurrency based on market cap, has ended another month at a loss. It ended April 2025 at -1.58%. This loss makes it the fifth successive month the crypto asset has ended in a loss.

The latest loss means that ETH has lost 36.7% of its value over the past 12 months.

ETH Plummets 37% Since May 2024

The latest data from CryptoRank.io indicates that ETH’s price has fallen from $2,875 as of May 1, 2024, to its current value of $1,820 as of today, May 1, 2025. In 2024, the cryptocurrency recorded strong gains of 47.4% and 24.7% in May and June, respectively.

However, it started its trend of declines in the second half of last year. After recording gains of 3.20% in July 2024, Ethereum recorded losses in eight of the nine months that followed.

It had the largest drops in October 2024 and March 2025 when its price dropped by 18.4% and 11.58% in each of these months. Even though periods such as the holiday season in December have often been months when ETH has performed excellently, it failed to repeat those performances in December 2024.

Instead, it dropped 10.1% that month.

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Source: X (@CryptoRank_io)

Can Ethereum Overcome May’s Mixed History in 2025?

As the second leading cryptocurrency starts a new month, some analysts have expressed belief that May 2025 could be the month ETH breaks its streak of ending the month at a loss. Those who believe the digital asset will end the month on a high point due to its overbought conditions on the charts, which usually happen before a price rally.

They also believe that upcoming developments in the Ethereum network and the cryptocurrency’s adoption trends will play an important role in the digital asset’s price direction. However, others argue that broader economic conditions, such as institutional investment flows and interest rate policies, could have a negative impact on the price of Ethereum and other cryptocurrencies.

Meanwhile, historical charts show that cryptocurrencies (including Ethereum) usually post mixed performances in this month. There are some years they will end the month of May on a high, while there have been months they will end it at a loss, known as May’s slump among some industry participants.

Bitcoin’s ‘Hot Capital’ Hits Multi-Month Peak at $39.1B: Glassnode

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  • Bitcoin’s hot capital surged from $20.7B to $39.1B in just one week, indicating a 92% rise in short-term activity.
  • Glassnode highlights this as one of the fastest increases in speculative trading behavior in recent months.
  • IntoTheBlock data shows 91% of BTC holders are in profit, signaling strong long-term holder confidence.

The latest data from Glassnode shows that Bitcoin’s (BTC) “hot capital” has noted a huge increase in the last thirty days. This rise suggests a significant change in market dynamics and reflects renewed interest from new and old cryptocurrency investors.

Based on Glassnode’s chart, BTC hot capital (which is the total coins moved within a short period, usually 24 hours to one week) has surged significantly from $20.7 billion on April 21, 2025, to a current value of $39.1 billion. This represents a rise of $18.7 billion or about a 92% increase.

Rise in Hot Capital Signals Growing Activity in Bitcoin

Glassnode describes this increase as “one of the fastest upticks in short-term realized cap” over the past few months. This indicator is especially important because it provides an indirect measure of the speculative funds entering the BTC ecosystem.

Usually, the higher the hot capital, the higher the number of active traders and new investors in the BTC market. The recent rise in hot capital becomes more significant based on recent market history.

On March 23 (about five weeks earlier), the Bitcoin hot capital reached a low of $17.5 billion, a level not seen since last December. Hence, the increase to $39.1 billion as of April 28 indicates the addition of more than $21.5 billion.

Glassnode considers this a very fast change in trading behavior among new investors entering this market. Another proof that the recent uptrend is significant is that the April 28 hot capital figure of $39.1 billion is the cryptocurrency’s highest level since Feb. 10, 2025.

This is shown in Glassnode’s “Realized Cap by Age” chart, which represents the amount of BTC value across different holding periods.

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Source: Glassnode

The gray line represents the total realized capitalization, while the pink region indicates short-term holdings representing the hot capital. Even though this data does not directly predict that a BTC price rise will happen soon, the sharp rise in actively traded capital within a short period suggests that market sentiment is changing, especially among market players.

BTC Shows Strong Holder Confidence

Meanwhile, recent data from IntoTheBlock indicates strong confidence among BTC’s long-term holders. The data shows that at least 91% of all current Bitcoin holders are ‘in profit.’ These are holders who bought at lower prices and have held on to the crypto asset despite fluctuations in the crypto and BTC markets.

The data also revealed that 3% are at break even, while 6% sold at a lost. However, the 12% concentration among large holders suggests that ownership of the coin is completely decentralized.

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Source: IntoTheBlock

Ethereum (ETH) Eyes Breakout: Will $2,200 Resistance Mark the Next Bullish Surge?

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  • Ethereum is showing signs of a breakout from a long-standing downtrend, with growing momentum and increased buyer interest.
  • Traders are closely watching the critical resistance level around $2,200, seen as a key trigger for a bullish continuation.
  • Repeated rejections at the same resistance zone highlight the importance of a confirmed breakout for further upward movement.
  • A successful daily close above this level could open the path toward higher resistance targets and strengthen bullish market sentiment.

Ethereum is indicating a potential breakout from a long consolidation period in a downtrend channel. Traders are keenly observing levels of resistance, at which a strong bullish continuation might be triggered as momentum starts to build up. Recent price levels are hinting at increasing buyer interest, so the next couple of days might become pivotal in deciding on the next significant move.

At the time of writing, ETH is trading at $1,815.74, with a 24-hour trading volume of $16.14B and a market cap of $219.2B. The ETH price has increased by 2.68% in 24 hours, while in a week, it has increased by 5.85%, indicating signs for the next big rally.

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Source: CoinMarketCap

$2,200 Resistance: Ethereum’s Next Big Test

A crypto analyst highlighted that Ethereum (ETH) is now testing a pivotal resistance level around $2,200, a price level that technical experts are closely monitoring as a make-or-break point for the second-largest cryptocurrency by market cap.

The orange zone, a region that has been identified by most traders as a key supply area, has been a major obstacle in Ethereum’s recent price progress. Despite multiple attempts, ETH has struggled to close a daily candle above this level, a technical condition that many analysts view as essential for confirming the continuation of its current bullish trend.

As long as Ethereum remains below the $2,200 threshold, the bullish outlook remains uncertain, said one market analyst. Traders ought to be cautious, as a failure to break past this resistance may bring in renewed selling pressure or a spell of sideways consolidation.

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Source: X

A confirmed breakout on the daily chart above $2,200 would serve as a strong catalyst for additional price momentum higher. It would then potentially allow Ethereum to retest higher levels of resistance, with the bullish targets around $2,950 and higher, assuming sentiment remains favorable towards risk assets.

Related Reading: Chainlink Price Prediction: LINK Eyes Explosive Growth to $16 with Bullish “Buy” Signal

Will XRP Price Reach $2.50? Market Trends and Holder Behavior Says So

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  • XRP price has gained by nearly 10% in the past week, driven by growing demand, a spectacular increase in new addresses, and weakening selling pressure by long-term holders.
  • A sharp decline in XRP’s liveliness metric signifies growing investor optimism and improved holding trends.
  • Various indicators point to the possibility that XRP can break through the current price level and move toward the $2.50 mark.

XRP price has continued to record gains following the renewed investor confidence in the broader crypto market. At the time of writing, this altcoin trades at $2.33.

With signs of improvement in the broader crypto market, traders have displayed renewed interest in XRP, while its long-term holders (LTHs) have reduced their selling actions. The LTHs are wallets that have held the coin for at least 155 days.

Rising demand is boosting XRP price

The increase in the number of new addresses is another factor that has boosted the recent rise in XRP’s price. On-chain data shows that these new addresses have now hit 3,677 in the last fourteen days.

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New addresses. Source: Glassnode

One of the signs of fresh fund inflows and increased market activity related to an asset is the rise in the number of new addresses created to trade it. These traders help strengthen the XRP price rally and boost its price stability.

In addition, the data showed that XRP LTHs have not sold their tokens in the last seven days. The decrease in the XRP liveliness is proof of this change in selling activity.

At the moment, this liveliness score is 0.81, a score not seen since December 1, 2024. This type of drop in liveliness suggests a behavior shift among long-term holders.

It proves that they prefer to hold on to their coins instead of selling or transferring them. Their actions result in drop in selling pressure on the altcoin.

It is also a proof of investor confidence in XRP and suggests the continuation of a price uptrend for this coin.

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Liveliness metric. Source: Glassnode

Could $2.50 be next for XRP?

The daily chart analysis shows a steady rise in XRP’s relative strength index (RSI), which confirms the increasing buying pressure as stated earlier. Currently, this momentum indicator is at 61.45.

The MACD line is also above the signal line, which is another confirmation of the coin’s bullish trend. In addition, the MACD histogram is displaying green bars, suggesting that the bullish momentum is gaining more strength.

If this buying pressure is maintained, the XRP price breaks above the $2.35 level (its next resistance), it could be on its way to trading at $2.5.

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Source: TradingView

Ripple (XRP) at a Crossroads: Hold 0.702 Fib or Risk a Sharp Drop to $1.25

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  • Ripple (XRP) is trading at $2.19 with a 5.7% weekly gain, but faces short-term bearish pressure below key resistance levels.
  • Failure to hold the 0.702 Fibonacci level could lead to a major retest around $1.25.
  • Optimism remains strong due to growing spot XRP ETF speculation and Ripple’s progress against the SEC.
  • A close above $2.45 could open the door for XRP to push toward $3 or higher by mid-2025.

Ripple (XRP), the fourth-largest cryptocurrency by market cap, is at a critical juncture as technical analysis points to a potential short-term correction.

XRP is trading at $2.19, with a 24-hour trading volume of $3.2 billion, according to CoinMarketCap. The token has seen a 5.7% increase over the past week, reflecting strong momentum fueled by recent developments.

XRP 1D graph coinmarketcap 13
Ripple (XRP) at a Crossroads: Hold 0.702 Fib or Risk a Sharp Drop to $1.25 13

However, the broader crypto market is showing mixed signals, with Bitcoin (BTC) hovering around $94,000 after a slight 0.76% dip. Despite its recent gains, XRP remains 50% below its all-time high of $3.84, set in January 2018, leaving room for substantial upside if bullish catalysts materialize.

XRP Price Faces Short-Term Bearish Pressure

EGRAG CRYPTO’s analysis, highlights XRP’s current weakness as it trades below the upper edge of the Bull Market Support Band, a key momentum indicator using the 20-week Simple Moving Average (SMA) and 21-week Exponential Moving Average (EMA).

This band, often a reliable gauge of bullish or bearish trends, has its upper boundary at $2.33–$2.45. According to EGRAG, XRP must close above these levels to dispel bearish sentiment and confirm that a bottom is not yet in sight.

A pivotal element in the analysis is the 0.702 Fibonacci retracement level, which aligns with XRP’s historical breakout structure. Fibonacci levels are widely used in crypto trading to identify potential support and resistance zones, as seen in past market cycles like WAVES’ 65% drawdown in 2022.

image 254 2

If XRP fails to hold this level, EGRAG warns of a “major retest,” potentially driving the price down to $1.25 in the near term, a 35% drop from its current level.

Despite the short-term bearish outlook, EGRAG remains optimistic about XRP’s long-term potential, forecasting double-digit prices in the coming months. This aligns with broader market sentiment, as XRP has already surged 210% year-to-date in 2025, driven by macroeconomic tailwinds and crypto-specific catalysts.

ETF Speculation and Ripple Legal Developments Fuel Optimism

XRP’s recent rally has been propelled by growing speculation around a spot XRP ETF. There is an 87% probability of a spot XRP ETF being approved by the end of 2025. This optimism is bolstered by Ripple’s legal progress against the SEC.

A recent report highlights delays in the SEC’s appeal decision, fueling speculation of a potential withdrawal. A favorable resolution could pave the way for ETF approvals, significantly boosting XRP’s adoption and price.

What’s Next for XRP in 2025?

The coming weeks will be crucial for XRP as it navigates key technical levels. A close above $2.45 could signal a bullish continuation, potentially pushing XRP toward $3 or higher by mid-2025, as predicted by some analysts like those at CoinCodex, who estimate XRP’s 50-day SMA to hit $2.36 by May 25, 2025. Conversely, a failure to hold the 0.702 Fibonacci level could see EGRAG’s $1.25 prediction come to fruition, offering a buying opportunity for long-term investors.

The broader crypto market will also play a role. If Bitcoin breaks above its all-time high of $109,312, as outlined, altcoins like Ripple could see a significant boost. However, macroeconomic headwinds, such as rising inflation or a hawkish Federal Reserve, could exert downward pressure across the board.

Ripple’s short-term outlook may be bearish, but its long-term fundamentals remain strong. With ETF speculation, legal clarity, and a resilient community backing it, XRP is well-positioned for potential growth in 2025.

Related Reading | Hashdex Debuts World’s First Spot XRP ETF on Brazil’s B3 Exchange

Shiba Inu Follows Bitcoin’s Lead: 0.75 Correlation Signals Strong Price Dependence

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  • Shiba Inu’s price is highly correlated (0.72) with Bitcoin, so BTC’s price movement significantly influences SHIB’s market trajectory.
  • Whale activity picks up with $140.13 million worth of big SHIB transactions in the past week, which could affect price volatility.
  • Retail interest, particularly from western markets, and seasonal decoupling trends have the potential to disrupt SHIB’s typical correlation with BTC.

Popular memecoin Shiba Inu is showing a strong price correlation to the leading cryptocurrency, Bitcoin (BTC). On-chain data provided by IntoTheBlock displays a 0.75 correlation coefficient between the two crypto assets.

Hence, BTC’s price action would greatly influence SHIB’s price action too. However, it remains to be seen whether a BTC rally would cause SHIB’s price to rise to a new peak price.

Shiba Inu’s Growing Dependence on Bitcoin

As is often the case, when BTC is on a bull run, altcoins (including Shiba Inu) usually experience increased capital inflows. Conversely, the same is true – when BTC is downtrending, it drags altcoins, such as SHIB, down with it.

Meanwhile, this correlation is occurring when BTC is still exchanging within its very crucial support and resistance levels. At the time of writing, BTC is trading at around the $91,650 level (short-term holders’ realized price). But a breakout above this level can trigger a rally among other cryptocurrencies.

Shiba Inu and BTC correlation

Source: IntoTheBlock

Whale Activity, Decoupling, and Retail Interest Will Also Affect SHIB’s Price

Though Shiba Inu’s price is strongly correlated with Bitcoin, its specific market dynamics add some variables to its price action. Data from IntoTheBlock also reported higher whale activity since there were $140.13 million worth of transactions involving large holders of SHIB last week.

With 74% of the circulating supply of SHIB meme coin in their pockets, their trading activities could cause relatively extreme price movements for SHIB. In addition, retail interest is a huge factor; for instance, the Western markets contribute to 51% of transactions.

The combination of retail and institutional interests could amplify the price movement driven by Bitcoin. Possible decoupling during meme coin seasons and changes in whale accumulation patterns are other factors that could further influence Shiba Inu’s price direction. 

Despite the strong BTC correlation, historical data shows that SHIB usually breaks from BTC’s price direction during periods of strong retail interest or speculation. Hence, investors must continue to monitor BTC’s price charts and SHIB’s on-chain metrics at the same time. 

However, it is important to observe that current market conditions indicate that the price action of BTC will be an important factor in predicting the direction of SHIB’s price.

BNB Mirrors 2022 Pattern, Breakout Above $630 Could Ignite Rally to $740

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  • Binance Coin has been consolidating within a strong accumulation zone, showing signs of a potential breakout similar to its 2022–2023 rally.
  • Technical indicators point to bullish momentum as BNB holds above key support and repeatedly tests a descending trendline.
  • A breakout above the current resistance range could signal a major trend shift, with traders anticipating a strong upward move.

Binance Coin (BNB) has been consolidating within a strong accumulation zone between $500–$630 for a few months, similar to the range it held back in 2022–2023 before breaking out into a strong uptrend. Despite recent pullbacks, its price remains structurally bullish as long as it holds within this green zone (accumulation zone). Once Binance Coin breaks above this accumulation zone again, we will see a massive rally.

image 212 2

At the time of writing, BNB is trading at $611.52 and is up by 2.57% in the last 24 hours with a trading volume of $1.66B and a market cap of 86.15B. However, BNB price over the last is up by 5.06%, which shows signs for further upward momentum.

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Source: CoinMarketcap

BNB Holds $600 Support, Eyes $740 Breakout

From the technical point of view, the Binance Coin (BNB) also displays impressive resilience, as it stays firmly above the pivotal $600 support. This price range played the part of a solid basis for the asset, as multiple tests against it were successful, indicating high purchasing interest from bulls. 

Adding to these, support is a nearby trend line around $620, which became a bullish trend line and has absorbed downward pressure multiple times. These converging technical factors are reinforcing a structure that is bullish but also consolidating.

From another perspective, BNB is currently testing a significant resistance range from $626 to $638. This region is in line with the 50% Fibonacci retracement of its most recent price action, where it dropped from $661 down to $616. The 50% retracement level has historically been a battleground zone of sorts for a reversal or acceleration of a trend.

AD 4nXcQvUC1k2kIA avbS0ZqRUlMZGnV2qwWsq7FzR45KmCMs5mMvR9F6f6CXevNtBOC0qEDQjoR 5FzxT8UXCwn61yMSVT EWd9jRzqJmX21d HT3DWkC4E4aNzV739fBVQG784nj?key=rLhX PUidI9o cf0TCi1U6UB

Source: X

A breakout above the descending trendline would signal a significant shift in BNB’s structure and could signal a transition into a bullish BNB phase. If validated, the next meaningful upside target is around the $740 price point, which previously served as resistance.

Related Reading | Circle’s Cross-Border Payments Network(CPN) Set to Transform Global Finance

AVAX Price Analysis: Will Avalanche Hit $25 in the Next Bullish Wave?

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  • Avalanche (AVAX) is gaining strength as the broader crypto market shifts from a downtrend to a recovery phase.
  • Technical analysis suggests AVAX is in a coiling pattern, indicating a potential breakout after a period of consolidation.
  • Despite low recent volume, AVAX maintains a bullish structure, hinting at growing demand and accumulation behind the scenes.

Avalanche (AVAX) is gaining momentum, and its price is going up as the overall crypto market shifts from a downturn to an upward trend after a long period of instability. The recent rise in Bitcoin’s price is helping other coins to bounce back, and AVAX is one of the altcoins benefiting from this recovery. Investors are returning, and trading volume is on the rise again. If the bullish move persists, AVAX may gain more in the coming days.

Currently, Avalanche is trading at $21.72, with a 24-hour trading volume of $406.72M and a market cap of $9.03B. The AVAX price increased 8.31% in the last 24 hours and 11.68% over the last week. This major movement foreshadows a continuation of this upward momentum throughout the coming days.

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Source: CoinMarketcap

AVAX Price Builds Pressure for Major Move

However, the crypto analyst highlighted that while all attention gravitates towards Bitcoin’s (BTC) price action, Avalanche (AVAX) is prepping for what could be a major breakout. While trading volume has remained low recently, the AVAX price structure is still solid and maintaining a bullish structure. 

This indicates that behind the price inactivity, strength and demand are emerging. The price action appearing now resembles a pattern referred to as coiling, in which the market builds up pressure in a tight range for a significant breakout.

This quiet AVAX consolidation is representing the best opportunity for altcoin watchers. With Bitcoin still having the main focus of the market, AVAX may have positioned itself for a breakout as its price action starts to align with the wider bull scenario. Should it play out as it has shown, AVAX could rapidly make gains as soon as the breakout occurs.

Chart analysis represents an important support range from which AVAX should bounce back, and if it breaks, there will likely be a last attempt for a rise before it rallies. Should AVAX hold this support and buying pressure pick up, the next critical resistance levels to watch are at $23.46 and $25.12. 

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Source: X

Not only because they sit near recent points of resistance, but also because they are the price zones that served as turning points in AVAX’s recent chart history. This could indicate that AVAX is ready for the next upward momentum, as the price compression and low trading volume most likely suggest a period of accumulation, not weakness in the market.

Related Reading: Dogecoin’s (DOGE) Bullish Potential: Can It Reach $0.1950?

Bitcoin Futures Open Interest Jumps Alongside 3X Spot Volume Surge

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  • Bitcoin futures Open Interest surged by $2.4 billion in 36 hours — the largest spike since last month.
  • BTC spot volume nearly tripled, jumping from $2.9 billion to $8 billion, showing a wave of renewed investor interest.
  • Over 104,000 traders liquidated, with total liquidation hitting $266 million in 24 hours.

The futures Open Interest (OI) for Bitcoin (BTC) has been on the rise in the last 24 hours, according to data from the leading on-chain analytics platform, Glassnode. The OI climbed from $36.2 billion yesterday to $38.6 billion at the time of writing.

This addition of $2.4 billion within 36 hours represents the biggest rise in the coin’s Open Interest since late last month. This sharp rise suggests increased activity in the BTC futures market and derivatives positions.

The OI metric is the number of active futures positions that are yet to be closed. If this metric is rising, there’s fresh fund inflow into the asset’s market, suggesting that it is likely that the asset will maintain its current price trend.

Meanwhile, analysts warn traders to be careful. They explained that when there’s a rise in O1, there can be massive price changes around major market events.

Open Interest rises. Source: Glassnode

Spot Bitcoin Market Volume Triples Amid Renewed Market Interest

In addition to the rising market momentum, Glassnode also noted a massive rise in BTC spot volume. Within the same period, the spot volume for Bitcoin rose from $2.9 billion to $8 billion, a near three times increase.

The sharp increase in Open Interest and the massive funds inflow into the Bitcoin spot market indicate renewed growing interest in the leading cryptocurrency. The combination of these factors also reveals an increasing conviction among market participants.

Usually, increases in spot volume mean that there are a lot of direct buy and sell activities for BTC, while the rise in Open Interest suggests that there are a lot of positions being opened. Analysts predict that the combination of these factors could be the start of a strong price rally for the popular digital asset.

Day traders will be monitoring the charts to see if this period of increased activity results in a stable price direction for the leading cryptocurrency.

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Spot volume rises. Source: Glassnode

Bitcoin currently trades at $88,447, according to Coingecko data, having gained 1.3% in the last 24 hours. Meanwhile, liquidation data from Coinglass shows that 104,645 traders were liquidated within the last day, with a total liquidation of $266.08 million.

The data also noted that the largest single liquidation order was $2.65 million, and it happened with the ETH/USDT pair on Bybit.