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Solana (SOL) has stayed as the most popular blockchain in the past year especially as its meme tokens exploded on the blockchain network. However, SOL is in for a stiff competition from Cardano (ADA) as the blockchain is being upgraded. While asset management firm Grayscale has said they plan to offer Solana and Cardano spot exchange-traded funds (ETFs) soon, CoinMarketCap data shows that SOL has crashed to the $180 price level, dropping a huge 17% in the past week. A major reason for this price drop is the launch of LIBRA meme coin and the pump and dump that followed it. Related: Solana Meme Coin Chaos: Scandals Spark Investor Risk Debate Galaxy Research said in a report on Monday that LIBRA has damaged the reputation of meme coins on Solana, one of the major reasons why the altcoin shot up to new all-time highs in the past year. A similar scenario was seen when TRUMP and MELANIA tokens launched, and the interest in Solana is now going down. Related: SOL Price Outlook & Blockchain Flows: Base Leads, Solana Resilient On the other hand, Bitcoin DeFi is coming to Cardano, and market participants are bullish about the upcoming upgrade. The blockchain network is also expected to partner with the issuer of XRP, the third-largest cryptocurrency by market cap. Market analysts have stated that as long as ADA is trading above the $0.5 price level, the altcoin’s market will remain bullish. ADA is trading at $0.7718, down almost 4% in the past 24 hours even though volume has surged 30%. The altcoin retested the resistance at the 20-day exponential moving average (EMA) but failed to turn this region into support. The 20-day EMA stands at $0.80. However, SOL token lost the 20-day EMA at the start of February and has formed three consecutive bearish daily candles, as shown on the chart below. The altcoin is about to enter the oversold region on the Relative Strength Index (RSI) which reads a value of 30.43. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

CryptoQuant, a blockchain analytics firm, just reported that over 28,000 BTC has been transferred into accumulation addresses – wallets typically associated with over-the-counter (OTC) trading desks, institutional investors, and long-term holders (whales). This is big news because accumulation addresses are usually not linked to exchanges, meaning the BTC is being taken off the market rather than readied for selling. What this scenario means is that large investors (whales, institutions, or funds) are accumulating Bitcoin for long-term holdings. Also, accumulation addresses are often connected to OTC deals, which means large trades are happening outside of public exchanges, avoiding direct market impact. This could have several implications for the market, one being a sign of a bullish market. Related: Bitcoin Whales HODLing: Are They Waiting for Retail Investors? When large amounts of Bitcoin are moved into these addresses, it typically indicates strong confidence in BTC’s future price. It suggests that institutional investors or high-net-worth individuals (HNWIs) are positioning for a price increase rather than short-term selling. Since these funds are not being sent to exchanges, where they could be easily liquidated, immediate selling pressure on the market is reduced. This could support Bitcoin’s price stability or upward momentum. In addition, if accumulation continues while demand remains strong, it could lead to a supply crunch, where fewer BTC are available for trading. Looking from a historical perspective, this has led to price rallies as demand outpaces supply. So, why are whales buying now? Bitcoin recently bounced back from a downturn, and whales often buy during price weakness to position themselves before the next upward trend. Plus, many analysts predict 2025 will be a strong year for crypto, and institutions might be front-running the next Bitcoin rally. With spot Bitcoin ETFs gaining traction, institutional demand continues to grow, further fueling accumulation. In the event that interest rates stabilize or decline, institutional investors could increase exposure to BTC as a hedge against inflation or a store of value. Related: Bitcoin Whales Drive Record $37.4B On-Chain Transaction Volume Whatever the reason, this turn of events suggests that big players are buying, likely in anticipation of higher prices in the coming months. If this trend continues, it could further support Bitcoin’s long-term bullish trajectory. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

we are expering dip day in day out why BGB

Major $2B Solana Token Unlock on March 1 – What to Expect 🚨 Solana ($SOL ) is preparing for a significant event on March 1, 2025, with a total of 11.2 million SOL tokens (approximately $2.06 billion) set to be unlocked. This follows the aftermath of the FTX collapse, during which 52.2 million SOL were sold, contributing to a significant increase in SOL’s available supply. Why This Matters Increased Selling Pressure: Large investors, who have likely seen considerable gains, may begin to liquidate their holdings in $SOL, potentially leading to selling pressure. Pre-event Market Movements: As seen in previous unlocks, traders may sell off their positions ahead of the event, anticipating the impact of the new token supply. This could result in price declines before the actual unlock on March 1. Key Price Levels to Watch Downward Pressure: If $SOL drops below $175, the next support levels to monitor are around $165 and $150. A failure to hold these levels could signal further price drops. Market Volatility: With the additional tokens entering circulation, expect increased price fluctuations. Pay close attention to shifts in trading volume or large trades, which may offer insight into the market’s direction. Implications for Solana’s Market The unlock represents both a potential challenge and an opportunity for Solana. If $SOL fails to regain momentum above $180, we might see a continuation of the bearish sentiment. However, if the market reacts positively, the price could stabilize or rise in the long term. With a solid ecosystem backing Solana, this unlock will be a crucial test for its market stability. Traders should remain vigilant, as such events can lead to rapid and unpredictable price movements. Stay Informed, Stay Prepared!

Why is the crypto market down today? The cryptocurrency market is flashing red today, with the total market capitalization dropping by 2% to about $3.13 trillion on Feb. 18. While the crypto market is known for its volatility, several concrete factors have contributed to this latest dip, including: Liquidations across the crypto market pulling down crypto prices. Investors are in risk-off mode amid high outflows from crypto investment products. Weakening market technicals hint at further downside. Solana leads market slump Today’s crypto market decline is part of a correction that started on Feb. 15, when the Argentina President Javier Milei-endorsed LIBRA token was “rug-pulled,” causing a loss of investor funds.  The sell-off continues on Feb. 18, including: Solana leads the market downturn, 9% over the last 24 hours to trade just below $170. Bitcoin and Ether posted moderate losses, down 0.5% and 2%, respectively. Other top-cap cryptocurrencies such as XRP , Dogecoin , and Bina Chain’s are also down 3.3%, 4% and 2%, respectively. Compounding the issue are the significant liquidations in the crypto market.  The sell-off has triggered a cascade of leveraged position closures, with over $280 million in crypto liquidations recorded over the last 24 hours.   Long SOL leveraged positions totaling $29.75 million were also liquidated on the day.  This exceeds the $21.4 million in long BTC leveraged position liquidations. Over 128,350 traders were liquidated in the past day, with the largest single liquidations taking place on HTX involving an ETH/USDT trade worth $2.65 million. A predominance of long liquidations suggests that the crypto market was overleveraged on the bullish side. Investors de-risk from crypto investment funds The crypto market’s ongoing correction aligns with the huge capital flows from the crypto investment products.  Key takeaways: Digital asset investment products ended a 19-week inflow streak to post their first significant outflows totaling $415 million during the week ending Feb. 14, as per CoinShares report. This indicates institutional investors increased their exposure to digital assets. Bitcoin bore the brunt of investor outflows, totaling $430 million. The year-to-date inflows dropped from $7.4 billion previously to $6.9 billion last week. CoinShares head of research James Butterfill attributed this to de-risking sentiment surrounding the latest US Consumer Price Index (CPI) data and “hawkish Fed rhetoric.” “We believe these outflows were triggered by the Congressional meeting with Fed Chair Jerome Powell, who signaled a more hawkish monetary policy stance, coupled with US inflation data exceeding expectations.” Note that: The CPI data for January came in higher than expected. This significantly dampened the expectation for multiple rate cuts in 2025.  The odds of the Fed keeping interest rates unchanged at the March 19 FOMC meetings are now at 97.5%. The earliest possible rate cut is expected in July, but the odds are still at just 44.3%. Crypto market faces stiff resistance Today’s drawdown in crypto prices has seen TOTAL—the combined market capitalization of all cryptocurrencies—is part of a correction that started on Jan. 31, which saw the price flip a key support zone into resistance. Key points to note: TOTAL trades below a key resistance level of $3.3 trillion, where 50-day and 100-day simple moving averages (SMAs) appear to converge. The relative strength index (RSI) has dropped from overbought conditions at 75 on Jan. 17 to the current level at 40.  This suggests that the market conditions still favor the downside. Further, selling could see the crypto market likely drop toward the $3.03 trillion support. Note that this has been a key support for TOTAL since Feb. 6. Contrarily, a resurgence in buying pressure could push the crypto market cap back above the $3.2 trillion mark or higher to confront resistance from $3.3 trillion. According to popular analyst Crypto Zone, ”the crypto market is experiencing a cautious mood,” with the Fear and Greed Index sitting at 35. The analyst added: “This suggests investors are cautious, but it could also present a buying opportunity for those looking to enter the market.” $BTC