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Bitcoin’s Supply Is Getting Older A growing share of $BTC hasn’t moved for years. Recent on-chain data shows long-term holders continuing to control a large portion of Bitcoin’s circulating supply, even after the market’s major price swings. That matters because Bitcoin’s headline supply and its tradable supply are two different things. Coins sitting untouched in long-term wallets aren’t necessarily available when a new buyer enters the market. But I wouldn’t automatically call old supply bullish. Dormant coins can wake up, and long-term holders often become an important source of selling when prices rise enough. That’s why I’d rather watch when old Bitcoin starts moving again than simply celebrate the fact that it hasn’t moved yet. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#

She's Been Minimizing the Wrong Number This Whole Time A business analyst I know spends every quarter close staring at one line on a trading desk's P&L: market-making volume, most of it in $BTC pairs, filed under fees. For years that number moved one way, a cost to minimize. The logic was simple: every unit of volume the desk generated by posting quotes cost fees, so the activity got evaluated like overhead, trimmed where possible, justified where not. What's shifting that view across the industry is rebate income for orders that add liquidity instead of taking it. A rebate line beside the fee line means market making reads as partly self-funding rather than pure cost. One option she might weigh is WhiteBIT's Market Making Program, listing maker rebates up to -0.012%. 🧮 What matters more than the rate is the tier system: staying in the MM grid runs on a percentage of volume, not a fixed target, so a slower month wouldn't cost the desk a rebate already earned. A flexible API comes bundled in too. https://institutional.whitebit.com/market-making-program?utm_source=coinmarketcap&utm_medium=mmpkkaan&utm_campaign=post The other option could be Kraken's offering for market makers and HFTs, advertising maker fees as low as -0.02% on eligible spot pairs with sub-millisecond execution and yes, that number would be hard to ignore. https://www.kraken.com/ca/institutions/market-makers?utm_source=coinmarketcap&utm_medium=mmpkkaan&utm_campaign=post Either way, the rebate would be earned by carrying inventory and eating adverse selection as a maker. Same risk, but which line a board is looking at changes what it decides is worth doing. ⚖️ Disclaimer: This is not financial or investment advice. Do your own research before making any decisions. Use at your own risk. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#

$XRP Is Starting to Look Less Like a Retail-Only Market 🤔 One number around $XRP caught my attention recently: open interest on CME has been growing while activity on crypto-native derivatives venues has cooled. That matters because CME attracts a very different crowd. Funds and professional trading desks often prefer regulated futures for hedging and gaining exposure, so a larger share of XRP derivatives moving there changes the structure of the market even if the token itself hasn't changed. I wouldn't translate that directly into “institutions are bullish.” Futures can be used to short, hedge or run basis trades just as easily as they can be used to bet on higher prices. But that’s exactly why the shift is interesting. Institutional participation isn't always visible as somebody simply buying $XRP and holding it. Sometimes it shows up first in where, and how, the risk is being traded. #Macro Insights# #Altcoin Season#

Ethereum Has a $13 Billion Queue Problem There’s an interesting bottleneck forming around $ETH staking. The validator entry queue has climbed above 2.8 million ETH, worth roughly $13 billion, meaning new validators now face a significant wait before their ETH can actually begin staking. The queue works both ways. Ethereum deliberately limits how quickly validators can enter or exit, so a sudden wave of staking demand can’t instantly change the network’s validator set. That makes the queue a useful signal beyond simply counting how much ETH is staked. People joining it are effectively accepting delayed liquidity in exchange for future staking participation. A long queue doesn't automatically mean $ETH is bullish. But when people are willing to wait weeks just to lock capital into the network, I’d say the demand itself is worth watching. #ETHBlockchain #ETHFoundation

$4.33亿进入比特币ETF。本周总计仅$600万👀 周五对$BTC ETF看起来非常亮眼：投资者向美国现货比特币基金注入约4.33亿美元，这是自9月3日以来最强的单日净流入。其中，Fidelity 的 FBTC 单独就贡献了约3.11亿美元。但把镜头拉远一层，故事就完全变了。本周最终仅录得约620万美元的净流入，因为本周早些时候的赎回几乎抵消了周五流入的全部资金。与此同时，以太坊ETF结束了连续四周的正流入，产品端约有1.4亿美元资金流出。我认为这是一个很有用的提醒：当出现“大额ETF资金流”这样的标题时，别只看单日。4亿美元的一天听起来像是机构突然变得极度看多，但日度资金流可能很嘈杂。看周线或月线的图景，才能判断资金究竟是在真正积累，还是只是进出在发生。数据相同，但从图表的起点不同，故事就会完全不同。📊 #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#

Stablecoins Survived a 50% Bitcoin Crash Surprisingly Well 💵 Between October 2025 and August 2026, $BTC fell more than 50% and the wider crypto market lost over $2 trillion in value. Stablecoin supply? It stayed around $290 billion. Even more interesting, annual transfer volume roughly doubled to more than $90 trillion. That tells us something about how the stablecoin market has changed. In older crypto cycles, stablecoins were mostly discussed as money waiting on the sidelines to buy crypto. Increasingly, $USDT, USDC and similar assets have payment, settlement and savings use cases that don't require Bitcoin to be going up. Maybe stablecoin adoption is becoming less dependent on the crypto bull market than we assume. #Macro Insights# #Altcoin Season# #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#

$570M Just Disappeared From Crypto Longs 😬 Around $571 million in bullish crypto futures positions were liquidated in 24 hours, the largest long-liquidation event since August 22. $BTC and $ETH traders took the biggest hits, at roughly $190 million each. The interesting part is what happened beforehand: traders had increasingly positioned for prices to rise. When the market moved the other way, leverage turned a normal decline into forced selling. Sometimes the biggest move isn't caused by the news itself. It's caused by how everyone was positioned for the news. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#

A $7.8M Crypto Hack Started With One Bad Line of Code 😬 A crypto wallet recently lost roughly $7.8 million, but investigators say the vulnerability wasn't in the Safe wallet itself. The owner had authorized a separate helper contract containing a coding mistake, which gave the attacker the opening they needed. That's a useful reminder about smart-contract security. Your main wallet can be perfectly secure while something you've previously given permission to becomes the weak point. On $ETH , approving a contract isn't just clicking “yes” to one transaction - it can create permissions that remain relevant long afterward. The scary part of self-custody isn't always losing your seed phrase. Sometimes it's forgetting what your wallet has already been allowed to trust. #ETHBlockchain #ETHFoundation

Crypto Payments Are Becoming an Infrastructure Business Visa, Circle and Ripple are backing payments infrastructure company Velocity in a funding round that brings its Series A to $48 million at a $200 million valuation. The company is building infrastructure designed to connect stablecoins with existing payment networks. I find the companies involved more interesting than the funding number. Visa represents traditional card payments. Circle represents $USDC and stablecoins. Ripple has spent years working on blockchain-based financial infrastructure. A few years ago, these were often presented as competing models: cards vs. crypto, banks vs. blockchain, traditional payment networks vs. stablecoins. Increasingly, they're starting to look like different layers of the same system. A merchant probably doesn't care whether the customer ultimately funded a purchase with a bank deposit, USDC or something else. They care that they received the correct amount, quickly, cheaply and without taking unnecessary risk. The same applies to consumers. Most people aren't going to choose a coffee shop because its settlement infrastructure uses blockchain. Which makes me think the biggest stablecoin payment companies may not necessarily be the ones that convince everyone to “pay with crypto.” They may be the ones that make the crypto part almost impossible to notice. #Macro Insights# #Altcoin Season#

Is This a Product Decision, or a Balance-Sheet One? A fintech decides to let customers buy and sell $BTC . The product team scopes it as a feature – add a buy button, wire up a price feed, done. Finance sees it differently: someone has to fund the book that actually fills those trades, and that's not a small line item once volumes grow. Offering crypto buying and selling requires liquidity from somewhere, and self-provisioning it means holding working capital against a trading book instead of deploying that capital into the core business. Sourcing liquidity externally frees up that capital to go back into the core product, but it comes at a cost worth naming directly: dependence on someone else's spreads and availability, especially in volatile conditions, when pricing control matters most for a fintech that's used to owning its own book and setting its own terms. One option worth weighing as a capital decision, not just a feature: WhiteBIT Crypto-as-a-Service could offer access to exchange liquidity across 900+ trading pairs, letting a fintech add crypto buying and selling without pre-funding its own book - integrated via API in a matter of weeks, with WhiteBIT's VASP authorizations covering the compliance side. https://institutional.whitebit.com/crypto-as-a-service?utm_source=coinmarketcap&utm_medium=caaskaaan&utm_campaign=post The trade stays real either way: dependence on the provider's depth and spreads instead of a book the fintech controls outright. Worth asking before scoping the next crypto feature: is this a product decision, or a balance-sheet one? Disclaimer: This is not financial or investment advice. DYOR before making any decisions. Use at your own risk. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#

Tokenized Stocks Are Starting to Look More Like... Stocks Robinhood plans to introduce voting rights and in-kind share redemptions for its tokenized equities, after questions about what investors actually own when they buy a stock token. I actually think this is an important stage for tokenization: the first generation of tokenized stocks mostly focused on price exposure: here's a blockchain token that follows Apple, Nvidia or another public company. But owning a stock isn't only having exposure to its price. Shareholders can have voting rights. There are corporate actions, dividends and legal ownership claims. Eventually, tokenized equities have to reproduce more of those characteristics if they're supposed to compete with the real thing. That's where $ETH and other tokenization infrastructure face a much harder test. Putting the price of a stock on-chain is relatively straightforward, but putting shareholder ownership on-chain is considerably more complicated. #ETHBlockchain #ETHFoundation

We Keep Answering The Engineering Question Before The Business One I've sat in this exact meeting more than once. A founder's app needs users to buy crypto, and someone's already drafting the spec – which rails, which KYC vendor, how many sprints. Nobody's asked the question underneath it yet. Is fiat entry something users pass through on the way to your real value, or is it the value itself? Get that wrong and you either overbuild a feature or underbuild a moat. In my new Medium article, I lay out the three questions that actually decide build vs. buy, and why the compliance function, not the API work, is the part teams keep underestimating. I also walk through where Stripe, WhiteBIT and Kraken each fit, depending on what you're actually trying to offload. 👉 Read the full article: https://medium.com/@kkayaann456/the-question-every-founder-skips-before-adding-a-crypto-buy-button-7007588cc406?postPublishedType=initial #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC

$ARB Has Revenue. The Token Doesn’t. Robinhood Chain has pushed Arbitrum's estimated monthly revenue run rate to around $5 million, more than five times its pre-launch level. Robinhood Chain also paid roughly $370,000 to Arbitrum in a single 24-hour period earlier this month. Sounds pretty good for $ARB , right? There's one awkward detail: ARB holders currently have no direct claim on that revenue. I think this distinction gets lost constantly in crypto. A protocol can have growing users, fees and revenue while its token captures very little of that economic activity. The company can be doing well, the network can be doing well, the token doesn't automatically have to do well with them. #Macro Insights# #Altcoin Season#

一天内 $XRP ETF 需求超预期 10 个月的狗狗币 😅 追踪的 3 档美国 $DOGE ETF 在近 10 个月内吸引了刚超过 1,200 万美元的净流入。仅在 9 月 9 日，XRP 基金就流入了 1,229 万美元。与此同时，自推出以来，XRP 产品已累积约 17 亿美元，而 Solana 产品约为 13.6 亿美元。 更有意思的是：狗狗币基金在 199 个交易日中有 166 天录得零净流入。这就是一个好例子：为什么受欢迎程度和可投资性未必是同一回事。 DOGE 拥有巨大的品牌知名度、深厚的交易所流动性以及数以百万计的持有者。但这些优势可能反而会降低 ETF 本应解决的问题。想要取得 $DOGE 的人已经有许多容易的方式可以买到。ETF 并不会制造一个新的投资论点，它只是把既有的投资论点换上一层不同的包装。 #Macro Insights# #Altcoin Season#

拥有 7700 万用户的 TON 钱包刚刚决定：TON 还不够。Tonkeeper 已更名为 Keeper，并从以 TON 为核心的钱包扩展到七个网络：TON、比特币、以太坊、TRON、BNB Chain、Arbitrum 和 Base。该钱包表示其注册用户已超过 7700 万。 我认为这对 $TON 以及更广泛的钱包市场来说，是一个很有意思的信号。加密行业花了多年时间，围绕各自的生态系统打造钱包。但用户的行为正在变化：他们越来越多地在某一条链上持有稳定币、在另一条链上交易、把 BTC 存在别处，并与多个 L2 交互。某个时刻，让人们同时维护五个不同的钱包，就不再是对区块链忠诚度的体现，而变成了一个“用户体验”问题。底层链条可以继续保持碎片化，但界面大概率不能。#Macro Insights# #Altcoin Season#

Rethinking Who Counts as a Valuable Account Holder A colleague of mine tracks exchange loyalty programs for a living, and she brought up something I hadn't considered: most VIP systems only measure one thing well, how often someone trades, never how much they're actually willing to hold. Someone sitting on a large $BTC position who rarely touches it gets treated the same as a brand-new account, while a smaller position churned constantly climbs the tiers faster. She pointed to WhiteBIT's current VIP level 2 activity as a case that breaks from that norm. The upgrade isn't tied to trading volume, it's tied to a fixed Crypto Lending plan worth 10,000 USDT equivalent or more, reviewed and granted weekly, on Fridays. So the qualifying signal becomes the size of commitment rather than frequency of activity. 📊 https://bit.ly/4zHJoSN Once unlocked, the tier brings fees on Spot and Futures down by up to 60%, along with a dedicated VIP manager replacing the standard support queue, benefits that used to require sustained high-frequency trading to reach. My reading is that this kind of structure quietly assumes something different about who a valuable account holder is. It's a bet on patience over turnover, and that's a meaningful shift from how most VIP programs in this industry have been built. Disclaimer: Investing in crypto-assets involves significant risks. You may lose the entire amount of your investment. Invest responsibly. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#

WBT Hit a New ATH, But That's Not the Only Interesting Part WBT just hit a new ATH, $82.52 on September 9, still sitting around $80-81. Honestly, the ATH isn't what caught my eye, it's what's under it. Most people basically had a thought of $WBT through WhiteBIT: fee discounts, referrals, Launchpad, tied to one exchange. That's starting to change though: Whitechain is moving from a standalone L1 to an Ethereum L2 on the OP Stack, Sepolia already live. WBT isn't picking up a brand-new job here either, it's already gas on the current L1, just carrying that role into an Ethereum-secured setup, alongside dApps, DeFi infra, and institutional/RWA plans ahead. And yes, that's the part I keep coming back to, demand shifts from how many people trade on WhiteBIT to how much real activity Whitechain can actually generate on its own. The L2 move alone won't reprice WBT, builders and users showing up after mainnet would. CoinDesk has WBT near $80.6, market cap ~$23.7B, #10 by cap. Base case for year-end: $95-105 (~$28-31B) if mainnet ships on schedule, bull case $110-120 (~$32-35B) with real activity and a friendly market. I can say that $100 doesn't feel that far after $82+, but going well past it needs actual usage, not another headline. I'm watching whether Whitechain can give WBT its own on-chain demand story, since that matters more for 2027 than the L2 news itself. #Macro Insights# #Altcoin Season#

Someone Made $50K Trading Crypto News Before It Was News 👀 Two former Robinhood engineers have been charged by the U.S. DOJ, which alleges they used confidential information about upcoming Robinhood crypto listings to trade perpetual futures on Hyperliquid before the listings were announced. Prosecutors say each made more than $50,000. This is basically the crypto version of an old market problem appearing in a very new venue. If you know an exchange is about to list a token, you don't necessarily need to buy that token anymore. You can open a leveraged $HYPE -based perpetual position, wait for the announcement to move the market and close it minutes later. The interesting part is how fragmented the information and trading venues have become. The confidential information can come from one company, the trade can happen somewhere completely different, and the underlying token might trade across dozens of markets simultaneously. Crypto market surveillance has to connect all of those dots. #Macro Insights# #Altcoin Season#

$XRP Is One Vote Away From Making Payments More “All or Nothing” The XRP Ledger is close to activating an upgrade that would let users bundle up to eight related transactions into one operation. It currently has support from 27 of 35 trusted validators, leaving it one vote short of the threshold needed to start the two-week activation countdown. Why does that matter? Imagine swapping two assets while also paying a platform fee. Today, multi-step transactions can create awkward situations where one part succeeds and another doesn't. With batching, everything can be designed to complete together, or none of it happens. For $XRP , that's much more interesting to me than another payments-per-second number. Payments infrastructure isn't only about being fast. It's also about making sure several things that are supposed to happen together actually do. #Macro Insights# #Altcoin Season#

Private DeFi Just Passed an Interesting Test A privacy-focused Morpho vault using Zama's confidential-computing technology has reached $40 million, and the project is now expanding into private swaps on $ETH . This is one of the DeFi trends I'm watching more closely. Traditional finance doesn't normally publish everyone's positions, balances and transactions for the entire world to inspect. DeFi basically started with exactly that model because transparency makes blockchain verification possible. But imagine an institution borrowing $50 million on-chain. Does it really want every competitor watching the position in real time? Privacy could therefore become less about hiding suspicious activity and more about making $ETH -based financial markets usable for participants who simply don't want to broadcast their entire strategy. The difficult part is preserving enough transparency to verify the system without exposing everything happening inside it. That's a considerably more interesting privacy problem than “public vs. private blockchain.” #ETHBlockchain #ETHFoundation