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Bitcoin must break this level to resume bull market as $2.4B in BTC leaves exchanges

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Over 27,740 Bitcoin (BTC) worth $2.4 billion were withdrawn from exchanges on March 25, the highest daily outflow since July 31, 2024. Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) continue their inflow streak, suggesting that institutional demand is making a comeback.

Is the Bitcoin bull run about to resume?

Bitcoin exchange outflows hit 7-month high

Bitcoin is making another attempt at a technical breakout above $90,000 as supply on exchanges continues to decrease.

Bitcoin: Net flow to exchanges. Source: Glassnode

A closer look at the data reveals that a considerable chunk of these withdrawals was made by whales, or entities holding at least 1,000 BTC, who withdrew more than 11,574 BTC worth about $1 billion from exchanges on March 25.

Bitcoin whale withdrawal from exchanges. Source: Glassnode

High Bitcoin outflows from exchanges and whale withdrawals, in particular, reduce sell pressure, often signaling accumulation and bullish sentiment, which can drive prices up.

Related: Bitcoin, Ethereum to end Q1 in the red, ‘vertical swing up’ unlikely

Additionally, blockchain analytics firm Arkham Intelligence noted that a “billionaire Bitcoin whale” added 2,400 BTC worth over $200 million on March 24. Despite some selling in February, the whale now holds over 15,000 BTC.

The whale started acquiring Bitcoin five days ago after selling when Bitcoin’s price was between $100,000 and $86,000 in February. This may suggest that such large investors saw the recent lows as a buying opportunity in anticipation of higher prices.

Spot Bitcoin ETF flows take a “positive turn”

Another sign of major investors buying BTC again is the continuation of capital flows into spot Bitcoin exchange-traded funds (ETFs) since March 14. Spot Bitcoin ETFs have seen inflows for eight straight days, totaling  $896.6 million.

“ETF’s have taken a positive turn since March 14th, and so has $BTC and altcoins,” said market data provider Santiment. 

“This is the first streak of this length in 2025.”

💸📈 ETF’s have taken a positive turn since March 14th, and so has $BTC and altcoins. There have now been seven straight days with more money moving in to Bitcoin ETF’s (positive inflow) than moving out (negative inflow). This is the first streak of this length in 2025. pic.twitter.com/9V1LNQ95uX

— Santiment (@santimentfeed) March 26, 2025

As Cointelegraph reported, digital asset investment products have also recorded weekly net inflows for the first time in five weeks.

BTC price eyes key trend line to resume bull market

Data from Cointelegraph Markets Pro and TradingView showed the BTC/USD trading at $88,265, up 1.2% over the last 24 hours. BTC price faces overhead resistance from the 20-weekly exponential moving average (EMA), currently at $88,682.

Bitcoin price must flip this level into support to continue the bull run. The chart below shows that breaching the 20-weekly EMA has often preceded big rallies in Bitcoin price. 

BTC/USD weekly chart. Source: Cointelegraph/TradingView

Note that when BTC price crossed above this moving average in October 2023, it rallied about 170% from $27,000 on Oct. 16, 2023, to set a new all-time high above $73,000 on March 14, 2024.

Similar price action occurred when the price rose above the 20-weekly EMA in September 2024, preceding a 77% rally from $60,000 to $108,000 in December 2024.

Analyst Decode stressed the importance of this trendline, saying that the moving average is the “most important level right now for Bitcoin.”

Meanwhile, co-founder of trading resource Material Indicators, Keith Alan, said that Bitcoin has to reclaim the 2025 yearly open at around $93,300 to confirm a path toward all-time highs.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Elon Musk’s Neuralink seeks patients globally to try its brain chips

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Elon Musk’s computer-chip brain implant company Neuralink is seeking patients all around the world to trial its device that allows one’s thoughts to control a computer.

Neuralink is looking for people with quadriplegia — those who are not able to use their arms or legs — to sign up for a clinical trial, it said in an April 2 post on X, the social media platform also owned by Musk.

As of January, Neuralink has said three patients have been implanted with a device. All are quadriplegic and are testing a small brain implant that tracks neural activity to control a computer or smartphone as part of a clinical trial called the Precise Robotically Implanted Brain-Computer Interface, or PRIME study.

Neuralink is one of several companies and academic institutions developing and testing so-called brain-computer interfaces, which vary from small wire-like implants as part of clinical trials to non-invasive devices akin to a hat.

Source: Neuralink

Neuralink’s website says its clinical PRIME study, which will take around six years, is looking for quadriplegics with spinal cord injury or amyotrophic lateral sclerosis to use their thoughts to control a computer.

Musk also heads vehicle maker Tesla and is the Trump administration’s government cost-cutting czar. He has said he wants Neuralink to move beyond just allowing humans to operate computers by thinking and wants to help “give people superpowers.”

First Neuralink patient reports no side effects after a year

Noland Arbaugh, Neuralink’s first patient, said in a March 28 X post that he’s “had no negative side effects, neither physically nor psychologically” in the year after receiving his brain implant. 

Arbaugh, a quadriplegic, demoed his brain chip about a year ago by controlling a computer cursor to play chess and surf the web.

Arbaugh said he’s now using his brain chip “for all sorts of things” and guessed he’s using it for over 10 hours a day.

Related: SpaceX flight bankrolled by crypto investor launches first manned polar orbit

He said the company’s researchers were “figuring out how to control a wheelchair with the implant,” which he added he won’t use “unless it’s next to perfect. I think it benefits everyone if I don’t lose control and drive into traffic.”

Arbaugh said he had found work as a traveling keynote speaker, which he attributed to Neuralink’s implant, which helped him write, research, and communicate online.

“I can’t tell you how much hope and purpose this technology has provided me,” he wrote. “It’s only a matter of time before the implant is in dozens, then hundreds, then thousands of people.”

Magazine: Crypto fans are obsessed with longevity and biohacking — Here’s why 

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DDoS attacks now a dominant means of waging political cyber-warfare

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Distributed denial-of-service (DDoS) attacks are outpacing many traditional cyber threats and are no longer just a tool but a “dominant geopolitical weapon,” according to network security firm Netscout.

Global DDoS activity increased by 12.7% in the second half of 2024 compared to the first half, totaling almost 9 million attacks, according to the firm. 

A DDoS attack is a malicious attempt to disrupt the normal web traffic of a targeted server, service, or network by overwhelming the target or its surrounding infrastructure with a flood of internet traffic.

The largest increases have been in Latin America and the Asia Pacific regions, with around 30% and 20% increases from the first half, respectively.  

Netscout reported that there were a total of 7.9 million DDoS attacks in the first half of 2024, with a combined total of 16.8 million for the full year, up almost 30% from the 13 million attacks the firm recorded in 2023.  

Attackers have been using the internet disruption tool to “exploit moments of national vulnerability to amplify chaos and erode trust in institutions,” the researchers said.

The report described DDoS attacks as “precision-guided digital weapons” capable of disrupting infrastructure at critical moments, highlighting how they have been deployed during sociopolitical conflicts, elections, protests, and policy disputes.

Weekly DDoS statistics, 2024. Source: Netscout

AI is supercharging DDoS attacks 

DDoS-for-hire services, including booters and stressers, are “more powerful than ever,” they added, as cyber criminals leverage AI and automation to bypass CAPTCHA, with automation “advancing toward capabilities such as behavior mimicry and real-time attack adjustments.”

The researchers concluded that DDoS attacks “are no longer just about raw bandwidth,” adding that they are “adaptive, persistent, and deeply embedded in modern cyber and geopolitical conflicts.”

“The shift to high-powered enterprise infrastructure, turnkey reconnaissance, the rise of AI-enhanced automation and the expansion of DDoS-for-hire services mean that attackers are evolving faster than ever.”

The role of DDoS attacks is evolving, Corero Network Security chief technology officer Ashley Stephenson told Forbes recently, adding, “By automating tasks that were once labor-intensive or required specialized skills, AI lowers the barrier to entry for attackers.”

Related: Crypto crime in 2024 likely exceeded $51B, far higher than reported: Chainalysis

A DDoS attack targeted Elon Musk’s social media platform X in August, aimed at disrupting his interview with then-presidential candidate Donald Trump. 

X was targeted again in March when a massive cyberattack prevented some users from accessing the platform. 

A hacking group with ties to Russia called “Dark Storm” claimed responsibility for the DDoS attack on Musk’s platform, claiming that it was not politically motivated. 

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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‘National emergency’ as Trump’s tariffs dent crypto prices

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Crypto markets dipped after US President Donald Trump’s declaration of a national emergency and sweeping tariffs on all countries as part of his latest salvo in the ongoing trade war. 

The Trump administration has hit all countries with a 10% tariff starting April 5, with some countries facing even larger rates, such as China facing a 34% tariff, the European Union 20%, and Japan 24%. 

During an April 2 speech in the Rose Garden at the White House, Trump said the US is charging countries “approximately half of what they are and have been charging us.”

🚨 @POTUS signs an Executive Order instituting reciprocal tariffs on countries throughout the world.

It’s LIBERATION DAY in America! pic.twitter.com/p7UnfE617B

— Rapid Response 47 (@RapidResponse47) April 2, 2025

The crypto market briefly went up at the news of a 10% sweeping tariff,  but once the full scope became known, it dipped with bleeding across the board. 

Bitcoin (BTC) had been staging a rally, reaching a session high at $88,500 but dropped 2.6% back to around $82,876. Meanwhile, CoinGecko data shows Ether (ETH) dropped over 6% from $1,934 to $1,797 following the tariff announcements and the total crypto market cap dropped 5.3% to $2.7 trillion. 

The Crypto Fear & Greed Index, which measures market sentiment for Bitcoin and other cryptocurrencies, returned a score of 25, classed as extreme fear, in its latest April 2 update. 

However, prices have clawed back some losses since. Bitcoin has recovered 0.8% to $83,205. While Ether regained 1.2% to take back $1,810.

The crypto Fear & Greed Index score has returned an average rating of fear for the last week but has now dipped to extreme fear. Source: Alternative.me

Stock markets didn’t fare much better; trading resource The Kobeissi Letter said in an April 2 post to X that the stock market index S&P 500 erased over $2 trillion in market cap, working out to be roughly $125 billion per minute.

Trump tariffs could bring certainty to markets

Rachael Lucas, a crypto analyst at Australian crypto exchange BTC Markets, said the brief surge was a case of “uncertainty relief,”  then a sell-off as the full tariff details were released. 

“On BTC Markets, trading volume surged 46% as local traders scrambled to reposition. Big players took profit on the spike, while smaller investors hesitated,” she said in a statement.

Source: Daan Crypto Trades

She added that if China or the European Union “hit back hard,” expect another round of panic selling.

US Treasury Secretary Scott Bessent urged US trading partners in an April 2 interview with Bloomberg against taking retaliatory steps, arguing “this is the high end of the number” for tariffs if they don’t try to add more levies in response, which could provide a “ceiling” and certainty for markets.

David Hernandez, a crypto investment specialist at crypto asset manager  21Shares, told Cointelegraph that markets experienced significant volatility during Trump’s speech, but the clarity could be a good thing in the long term. 

“Although the tariff rates were slightly higher than expectations, the announcement provided much-needed clarity on the scope and scale of the policy,” he said.

Related: 70% chance of crypto bottoming before June amid trade fears: Nansen

“Markets thrive on certainty, and with speculation now largely removed, institutional investors may see an opportunity over the coming days to take advantage of compressed valuations.”

Hernandez says global responses will be key for the market going forward, speculating that Mexico and key East Asian economies, including China, South Korea, and Japan, could be evaluating countermeasures.

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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