Crypto World
SKY token surges 10% amid aggressive buybacks and governance changes
The SKY token rallied roughly 10% over the past 24 hours as investors responded to the protocol’s ongoing token buyback program and governance updates designed to reshape its tokenomics.
Summary
- SKY gained roughly 10% in the past 24 hours, according to on-chain and market data.
- The protocol has repurchased over 1.8 billion SKY tokens through its ongoing treasury-backed buyback program.
- Recent proposals approved adjustments to staking rewards and treasury management, which could reduce token inflation.
SKY climbs double digits as protocol buybacks fuel rally
According to on-chain data, the token’s latest move comes amid renewed interest in the project’s supply reduction strategy. The Sky protocol has been actively repurchasing its native token through a treasury-backed buyback mechanism, which removes tokens from circulation and can reduce selling pressure.

Data from the protocol’s public buyback dashboard shows that more than 1.8 billion SKY tokens have already been repurchased through the program. The buybacks are funded using USDS from the project’s treasury and are executed directly on the market.
The strategy mirrors traditional corporate share buybacks, a model increasingly adopted by some decentralized finance protocols to return value to token holders and support price stability.
Momentum also appears to have been boosted by recent governance developments within the Sky ecosystem. A newly approved executive vote introduced several operational updates, including adjustments to staking rewards and treasury management functions.
One of the key changes involves the normalization of SKY staking rewards, a move that effectively slows the rate at which new tokens are issued to participants.
By reducing emissions, the protocol aims to limit inflationary pressure on the token while maintaining incentives for network participants.
The governance vote also included operational updates related to agent onboarding and settlement cycles within the protocol’s broader infrastructure.
Taken together, the buyback activity and emission adjustments have strengthened the narrative around SKY’s evolving tokenomics, which increasingly emphasize supply management and revenue-backed incentives.
The rally highlights growing market interest in DeFi projects experimenting with token value accrual models that resemble equity-style financial mechanisms.
If the buyback pace continues and governance changes further tighten supply, analysts say SKY could remain a closely watched token in the decentralized finance sector.
Crypto World
The Last 24 Hours in Crypto
A closer look at some of the most important stories you might have missed in the past 24 hours.
A lot happened in the world of cryptocurrencies over the last 24 hours. We have handpicked a few of the more important titles you may have missed, so let’s have a quick look.
Google Warns of New iPhone Exploit Targeting Crypto Users
Google researchers have flagged a relatively powerful exploit kit that they call “Coruna.” It is capable of infecting iPhone devices and potentially jeopardizing sensitive information, including seed phrases of cryptocurrency wallets. The toolkit contains a total of 23 vulnerabilities across five exploit chains that target devices running older versions of iOS, ranging from iOS 13 to 17.2.1.
Multiple security analysts say that attackers have managed to deploy the exploit through compromised websites and fake crypto-oriented platforms. Once a vulnerable device visits the website, malware can scan messages and apps like MetaMask to locate wallet credentials or financial information.
The exploit has originally been linked to espionage campaigns before spreading to cybercriminal groups with financial motives. This highlights how advanced surveillance tools can leak into the broader criminal ecosystem, as well as the critical importance of maintaining technological hygiene, updating your phone’s software, and following mandatory security tips when interacting with crypto platforms.
Morgan Stanley Taps Coinbase and BNY Mellon for Bitcoin Infrastructure
Morgan Stanley is preparing to deepen its involvement in crypto infrastructure. The banking behemoth is supposedly considering launching a Bitcoin investment product. The bank intends to rely on Coinbase for cryptocurrency custody services, as well as on BNY Mellon for additional asset custody related to the proposed Morgan Stanley Bitcoin Trust.
The ETF itself will hold Bitcoin directly, and the custody structure will primarily rely on offline cold storage to reduce hacking risks, according to the filing.
The move signals growing institutional demand for regulated access to crypto products. Major financial institutions have undoubtedly increased their involvement and partnered with well-known crypto firms rather than building their own infrastructure in a bid to accelerate Wall Street’s venture into the digital asset industry.
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Zerohash Applies for U.S. National Trust Bank Charter
Popular crypto infrastructure firm Zerohash has formally applied for a National Trust Bank Charter with the U.S. Office of the Comptroller of the Currency (OCC). This step could enable the company to operate as a federally regulated trust bank.
If the application is approved and the charter granted, this would allow Zerohash to further expand its services to niches such as digital asset custody, stablecoin management, and tokenized asset infrastructure under a unified federal regulatory framework.
The company is already powering crypto integrations for institutions, which include Morgan Stanley, Stripe, and Interactive Brokers. The move comes a day after Kraken became the first crypto company to obtain a Fed Master Account.
Venture Giant a16z Targets $2 Billion for a New Crypto Fund
Silicon Valley venture capital powerhouse Andreessen Horowitz (a16z) is raising around $2 billion for a fund focused on investing in the cryptocurrency industry. According to the reports, the round can close as early as the first half of this year.
Historically, a16z has been one of the most prominent VCs in the Web3 ecosystem, backing major projects and startups across blockchain infrastructure, crypto apps, DeFi, and related areas.
Despite the ongoing crypto winter, a new fund of this size suggests that venture investors still see long-term opportunity, highlighting that periods of pressure can also be times of opportunity. Recall that Dragonfly – another crypto-oriented VC – recently launched their fourth fund worth $650 million.
Tether Makes $1.5 Billion Bet on AI Sleep Tracking
Last but not least, we have the stablecoin giant Tether making a strategic investment in the AI-powered mattress and sleep-oriented technology company Eight Sleep at a $1.5 billion valuation.
The investment seems to be part of the firm’s broader strategy to diversify and expand well beyond crypto and stablecoins into emerging sectors such as health technology and artificial intelligence.
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Crypto World
Google warns of iPhone exploit kit used to steal crypto wallets
Cybersecurity researchers are warning that a powerful iPhone exploit kit is increasingly being used in cybercrime campaigns targeting cryptocurrency users.
Summary
- Google researchers identified a powerful iOS exploit kit called Coruna containing 23 vulnerabilities across five exploit chains.
- The malware can scan devices for crypto wallet recovery phrases and financial data, potentially enabling attackers to drain funds.
- The tool reportedly moved from surveillance operations to nation-state espionage and eventually financially motivated cybercrime groups.
Hackers deploy iPhone exploit kit to harvest crypto wallet data
According to a new report from Google’s Threat Intelligence Group, the exploit framework, dubbed “Coruna,” contains five full iOS exploit chains and 23 vulnerabilities capable of compromising iPhones running operating systems between iOS 13 and iOS 17.2.1.
The exploit kit allows attackers to execute malicious code through web content by exploiting vulnerabilities in Apple’s WebKit browser engine and other components. Once a victim visits a compromised website, the framework fingerprints the device to identify the exact iPhone model and software version before deploying the most effective exploit chain.
Researchers say the malware can then deliver additional payloads designed to harvest sensitive data from the device, including cryptocurrency wallet information.
In some campaigns, the exploit kit was deployed through fake gambling and cryptocurrency websites that specifically targeted iPhone users.
The malicious payload was capable of scanning images and files on the device for keywords such as “backup phrase” or “bank account,” allowing attackers to extract recovery phrases and access crypto wallets.
Google’s investigation shows the exploit kit circulated among several threat actors over the past year. It was first observed in 2025 in surveillance operations, later used in watering-hole attacks against Ukrainian users by a suspected Russian espionage group, and eventually adopted by financially motivated hackers linked to China.
Security analysts say the case highlights a worrying trend where sophisticated spyware-grade exploits migrate from government or commercial surveillance tools into the broader cybercrime ecosystem.
Researchers recommend updating devices to the latest iOS versions, as the exploit kit does not affect the newest software releases.
The findings underscore the growing intersection between mobile security threats and cryptocurrency theft, with attackers increasingly targeting digital wallets stored on smartphones.
Crypto World
Bitcoin (BTC) Price Surges Past $73K Amid $1.47B ETF Inflow Surge and Brandt’s Bullish Pivot
Key Highlights
- Bitcoin breached the $73,000 threshold Thursday, fluctuating between $72,500 and $73,187 during trading sessions
- Spot Bitcoin ETFs in the United States attracted $155M Wednesday, contributing to a two-week accumulation totaling $1.47B
- Legendary market analyst Peter Brandt indicated current market dynamics could represent a reversal from October’s highs
- BTC has outpaced gold performance following Iranian military strikes, gaining over 10% versus gold’s nearly 2% decline
- Glassnode blockchain analytics reveal caution signals: approximately 57% of circulating BTC remains profitable
Bitcoin has successfully reclaimed the $70,000 threshold this week, touching an intraday peak of $73,544 throughout Asian market sessions before experiencing a modest correction to approximately $72,500 during Thursday’s London trading window.

The upward momentum accompanies a comprehensive rally across risk-sensitive assets following market volatility triggered by coordinated U.S. and Israeli military operations against Iranian targets this past weekend.
The cryptocurrency advanced 8% Wednesday during American trading windows before experiencing a 1.8% decline Thursday. South Korea’s Kospi index surged 11% while Japan’s Nikkei climbed 4.2% simultaneously, demonstrating widespread market stabilization.
Bitcoin’s Coinbase premium indicator — which had briefly turned negative Sunday — has now inverted. Market analyst Ted Pillows observed it achieved its strongest reading since October 2025, suggesting robust demand from American institutional participants.
“Market sentiment is experiencing a bullish transformation within cryptocurrency circles,” stated Caroline Mauron, Orbit Markets co-founder.
From the trading session preceding Iranian strikes, Bitcoin has appreciated more than 10%. Conversely, gold declined nearly 2% during this identical timeframe. This represents a notable departure from recent monthly patterns, where gold consistently established new records while Bitcoin experienced downward pressure.
Bitcoin ETF Capital Flows Continue Strong Momentum
U.S.-listed spot Bitcoin exchange-traded funds recorded approximately $155 million in net positive flows Wednesday. This continues a sustained two-week pattern accumulating roughly $1.47 billion in fresh capital deployment, based on SoSoValue analytics.
March has already witnessed more than $1.1 billion channeled into American Bitcoin ETF products, including a remarkable $462 million single-day allocation, according to Bloomberg intelligence.
Bitfinex market strategists have cautioned that ETF capital inflows don’t necessarily correlate directly with immediate spot market purchases, considering authorized participants can establish ETF shares prior to acquiring underlying Bitcoin assets.
Veteran Trader Peter Brandt Adjusts Market Outlook
Seasoned market veteran Peter Brandt, who maintained pessimistic positioning since October’s approximate $127,500 peak, shared on X platform this week that present market structure represents “the significant change of price behavior since the top in Oct.”
Bitmine executive chairman Tom Lee responded to Brandt’s commentary, characterizing it as a “potential inflection/change Bitcoin” development.
Market commentator Milk Road highlighted $225.2 million in ETF accumulation on a single day and $458.2 million the preceding session — approaching $700 million across 48 hours — suggesting this volume could fundamentally alter supply-demand equilibrium.
Near-term resistance zones exist between $75,000 and $78,000 levels. Downside support appears established at $65,000 and $60,000 thresholds.
Notwithstanding the recovery, Glassnode data indicates approximately 57% of Bitcoin circulating supply currently trades above acquisition cost — a metric historically associated with early bearish market phases. Short-term holder cost basis clustering near $70,000 could function as resistance, potentially converting upward movements into selling opportunities.
U.S. Treasury Secretary Scott Bessent announced a 15% universal tariff implementation will likely commence this week, potentially creating market headwinds.
Crypto World
Dogecoin price nears bullish triangle breakout, can it recover to its February highs?
Dogecoin price is close to confirming a bullish breakout from a symmetrical triangle pattern amid a surge in demand on the derivatives market.
Summary
- Dogecoin price hit weekly high after reports of U.S.-Iran negotiations calmed investor fears.
- Dogecoin is close to confirming a bullish symmetrical triangle breakout.
Dogecoin (DOGE) price shot up 17% to a weekly high of $0.103 on Thursday morning Asian time before settling at $0.096 at press time.
Dogecoin’s rally was supported by investor fears cooling off after reports surfaced that Iran has secretly been negotiating a deal with the U.S. to de-escalate the ongoing conflict between the two nations.
A look at its futures market shows that more investors are now betting in favor of a Dogecoin rally.
According to CoinGlass data weighted funding rate for Dogecoin has turned positive, signalling that long traders are paying short traders to maintain their positions as they anticipate further gains. Such conditions tend to influence retail sentiment positively.
On the daily chart, Dogecoin price is close to confirming a breakout from the upper side of a symmetrical triangle pattern. When an asset breaks out from the upper side of a symmetrical triangle, it is viewed as a very positive signal and typically marks the beginning of a sustained bullish trend.

For Dogecoin, a breakout from the pattern could trigger bulls to aggressively push the price to reclaim its February high of around $0.117.
Momentum indicators like the MACD and RSI seem to support the bullish path. The MACD lines were moving upwards while the RSI was close to breaking out of the neutral threshold, which is often the spark needed for a massive rally during periods of high market volatility.
However, it should be noted that a break below the $0.080 support would invalidate the bullish setup.
Meanwhile, a major headwind for Dogecoin is the weak demand for spot ETFs tied to the meme coin, which could limit any sustained rally.
Notably, the three spot DOGE ETFs have so far managed to draw in only $7.45 million in net inflows since their launch in November. These institutional products had gone through a month of no flows before attracting only $779,000 in inflows on March 2.
Traders may see the muted involvement from major investors as a sign that institutional players remain unconvinced about the meme coin’s long-term prospects, even as retail demand stays strong.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
Solana and XRP price prediction ahead of U.S. employment report for February
Solana and XRP are holding key technical levels as traders prepare for the release of the February U.S. employment report, a major macro event that could influence risk sentiment across financial markets, including cryptocurrencies.
Summary
- Solana and XRP traders are watching the February U.S. employment report, a key indicator that could shape expectations for Federal Reserve policy and risk appetite.
- SOL is stabilizing near $91 with accumulation indicators improving, suggesting buyers are gradually returning after February’s sell-off.
- XRP is trading around $1.42, with momentum indicators pointing to weakening bearish pressure and a potential move toward resistance if macro conditions turn favorable.
Investors closely watch the U.S. nonfarm payrolls report because strong labor market data could reinforce expectations that the Federal Reserve will keep interest rates elevated for longer.
Conversely, weaker data may strengthen the case for rate cuts later this year, potentially boosting demand for risk assets such as cryptocurrencies.
Against this backdrop, several altcoins have entered consolidation phases following February’s market turbulence, when geopolitical tensions and broader risk-off sentiment weighed on crypto prices.
Solana price outlook
Solana is trading near $90.9 after recovering from a sharp early-February decline that briefly pushed the token toward the $70 region.

The daily chart shows SOL forming a gradual recovery structure as buyers step in near lower levels. The Accumulation/Distribution indicator is trending higher, signaling that investors may be steadily accumulating the token.
Meanwhile, the Bull Bear Power (BBP) indicator has turned positive, suggesting improving bullish momentum after weeks of persistent selling pressure.
If momentum continues, SOL could test resistance near $95, with a stronger breakout potentially opening the door toward the $100 psychological level.
However, downside risks remain. A break below $85 support could expose the token to renewed selling pressure and potentially send it back toward the $80–$78 region.
XRP price outlook
XRP is currently trading around $1.42, where it has been moving sideways after a prolonged decline from earlier highs near $2.

Technical indicators suggest bearish momentum may be fading. The Awesome Oscillator is gradually turning positive, while the Chaikin Money Flow indicator is stabilizing, signaling that capital outflows are slowing.
If buying pressure strengthens, XRP could attempt a move toward resistance near $1.50, followed by a potential test of the $1.60 zone.
On the downside, the key support level sits near $1.35, and a breakdown below that threshold could send XRP toward the $1.25 area.
With both tokens consolidating, the upcoming U.S. employment report may act as the next major catalyst determining whether Solana and XRP extend their recovery or face another round of volatility.
Crypto World
Anthropic Reopens Pentagon Talks as Trump Weighs Supply Chain Risk Label
Anthropic CEO Dario Amodei has reportedly reopened negotiations with the US Department of Defense in a last-minute effort to secure continued access to Pentagon contracts as the company faces the possibility of being labeled a supply chain risk by the Trump administration.
Amodei has been holding discussions with Emil Michael, the US undersecretary of defense for research and engineering, to finalize terms governing the military’s use of Anthropic’s artificial intelligence models, the Financial Times reported, citing people familiar with the matter.
A new agreement would allow the Pentagon to keep using the company’s technology and could prevent a formal designation that would force contractors in the defense supply chain to cut ties with the AI developer, per the report.
The talks follow a sharp breakdown in negotiations last week. Michael reportedly accused Amodei of being a “liar” with a “God complex,” while discussions collapsed after the two sides failed to agree on language Anthropic said was necessary to prevent misuse of its technology.
Related: Ex-OpenAI researcher’s hedge fund reveals big Bitcoin miner bets in new SEC filing
Pentagon negotiations stall over bulk data analysis clause
In an internal memo to staff seen by the FT, Amodei reportedly wrote that near the end of negotiations, the Pentagon offered to accept Anthropic’s broader terms if the company removed a clause restricting the “analysis of bulk acquired data.” He said this phrase was meant to guard against potential mass domestic surveillance, a scenario Anthropic treats as a red line, alongside the use of AI in lethal autonomous weapons.
The dispute escalated after Defense Secretary Pete Hegseth warned that Anthropic could be designated a supply chain risk, a move that would effectively freeze the company out of US military procurement networks.
The standoff came despite Anthropic’s existing ties to the defense sector. The company was awarded a contract worth up to $200 million by the US Defense Department in July 2025 and it became the first AI provider whose models were used in classified environments and by national security agencies.
As Cointelegraph reported, the US military even used Anthropic’s Claude AI model to support a major air strike on Iran hours after President Donald Trump ordered federal agencies to stop using the company’s systems.
Related: Mining companies move deeper into AI, HPC as MARA may sell Bitcoin
Tech groups warn risk label could hurt US AI leadership
Meanwhile, in a Wednesday letter to Trump, tech groups warned that labeling a domestic AI company a supply chain risk could undermine US leadership in AI. The groups argued that treating a US technology company “as a foreign adversary, rather than an asset,” could discourage innovation and weaken America’s ability to compete with China in the global AI race.
Signatories included the Software & Information Industry Association, TechNet, the Computer & Communications Industry Association and the Business Software Alliance. These organizations represent hundreds of American tech companies, including AI chipmakers Nvidia, Alphabet’s Google and Apple.
Magazine: Bitcoin may take 7 years to upgrade to post-quantum — BIP-360 co-author
Crypto World
The rally is nearing a two-year ‘make or break’ price zone
Bitcoin is surging again and is nearing a key make-or-break level, demanding attention from traders.
The cryptocurrency’s spot price has jumped a full 10% to trade above $72,000 this week, briefly popping above $73,900 on Wednesday, according to CoinDesk data. This impressive bounce, backed by ETF inflows, has fueled hopes of a renewed bull run, but the rally is now confronting a monumental challenge.
Prices are approaching a zone that has historically acted as a pivotal turning point, shaping the market’s direction over the past two years. It is a level where both uptrends and downtrends have previously run their course, and which was cited earlier this year as strong support or a potential demand zone, before it was ultimately breached.

That zone is roughly $73,750 to $74,400. To understand why it’s significant, look back to the first quarter of 2024. The uptrend at that time, led by ETFs’ debut in the U.S., ran out of steam, with buyer fatigue setting in right around the $73,750 mark. Prices then slipped, eventually hitting around $50,000 in the following months.
Conversely, in early April last year, the same zone performed a different, but equally decisive, role. It marked the exhaustion of a downtrend that began in February above $100,000, with selling finally drying up near $74,400. Prices turned higher in subsequent days, eventually hitting new highs above $126,000 in October.
Hence, this price zone was widely cited as a strong support, an area where buyers may step in arrest the slide early this year as bitcoin began falling. But to the dismay of bulls, prices slipped through early last month, leading to a deeper slide to nearly $60,000.
Now, once again, the zone stands as the key battleground. If bitcoin can break decisively higher, it would signal a profound bullish development, suggesting the market has enough underlying momentum (buying pressure) for a rally higher. On the other hand, a failure to breach this zone will likely confirm that the broader downtrend that began in October is still firmly in control, leaving a difficult path ahead.
Traders, therefore, need to watch price action in the coming days closely.
Crypto World
Eric Trump Criticizes Big Banks Over Stablecoin Yield Fight
Eric Trump, co-founder of World Liberty Financial (WLFI), has criticized major banks for opposing stablecoin yields, calling their actions ‘anti-American’ as they protect their low-rate monopoly.
His remarks came as his father, President Donald Trump, also escalated his attacks on the banking lobby over the stalled CLARITY Act.
Eric Trump Calls Out Banks for “Protecting Low-Rate Monopoly”
Eric Trump laid out his criticism in a recent post on X (formerly Twitter). He pointed out that major banks offer depositors interest rates as low as 0.01–0.05% APY on standard savings accounts.
This occurs even though the Federal Reserve pays those same banks over 4%. That spread, he stressed, generates record profits that are not returned to everyday depositors.
“Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans from getting higher yields on their savings—while trying to block any rewards or perks from being given to customers,” he said.
Follow us on X to get the latest news as it happens
He then identified crypto and stablecoins, where platforms plan to offer yields of 4–5% or more, as the specific targets banks are now mobilizing against. Eric Trump added that the American Bankers Association (ABA) and other lobbyists are “spending millions” to block or limit these yields through legislative efforts such as the Clarity Act.
He said that the banks are framing their opposition with terms like “fairness” and “stability.” However, Eric Trump argued that their true goal is to safeguard their “low-rate monopoly” and prevent customers from moving their deposits elsewhere.
“This is anti-retail, anti-consumer, and straight-up anti-American. Next time you see a big bank dropping billions on a shiny new Midtown Manhattan HQ, you know exactly where that money comes from: the non-existent interest rate they “pay” you! Fortunately, the big banks are losing this fight as customers wake up to the games,” he concluded.
Earlier, President Trump accused banks of “undermining and threatening” the GENIUS Act. He also pushed for the passage of the CLARITY Act.
“The Banks should not be trying to undercut The Genius Act, or hold The Clarity Act hostage. They need to make a good deal with the Crypto Industry because that’s what’s in best interest of the American People,” Trump posted.
How Stablecoin Yield Became a Legislative Blockade
The CLARITY Act passed the House with bipartisan support in July 2025. The goal of the bill is to define regulatory oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). After moving to the Senate Banking Committee, it stalled.
The US Senate’s version of the crypto market structure bill restricts companies from paying interest solely for holding balances and limits the scope of reward offerings. This has created division among banking representatives and crypto lobbyists.
The White House set March 1 as a deadline for compromise between banks and crypto firms over stablecoin yield rules. Yet that deadline passed without agreement, increasing uncertainty.
The Senate Banking Committee is reportedly considering mid-to-late March for potential markup sessions. Whether Congress can resolve the issue before election politics take over will determine the near-term path for crypto regulation.
Crypto World
Why a Drop to $0.21 Is Still Possible
Cardano price has rebounded alongside the broader crypto market, rising about 5% in the past 24 hours. The move has helped the token recover nearly 10% from its March 4 low, offering short-term relief after weeks of weakness. However, the rebound does not fully resolve the structural risks surrounding the asset.
A weakening technical structure, rising on-chain coin movement, and an imbalance in derivatives positioning all point to the same possibility: the current rebound may still face downside pressure. Understanding that risk begins with the chart structure itself.
Hidden Bearish Divergence Emerges as Coin Movement Surges
Cardano’s price structure on the 12-hour chart is currently forming a head-and-shoulders pattern, a formation commonly associated with potential trend reversals. The pattern began developing in early February, with the left shoulder, head, and right shoulder now clearly visible. The neckline support of this structure sits near $0.26.
On March 4, Cardano briefly attempted to break below this neckline. The broader crypto market rally, however, pushed the price higher, allowing ADA to rebound roughly 10% from its recent low. Yet the technical picture still carries risk.
Between March 2 and March 4, Cardano formed two lower highs, while the Relative Strength Index (RSI) printed a higher high during the same period.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
The RSI is a momentum indicator that measures the strength of price movements by comparing recent gains and losses. When price makes lower highs while RSI makes higher highs during a downtrend, it forms hidden bearish divergence. This pattern typically signals trend continuation, suggesting sellers remain active despite temporary rallies.
On-chain data reinforces this concern. The Spent Coins Age Band, a metric that tracks how many previously held coins move across the network, shows a sudden surge in distribution-linked activity.
On March 3, approximately 93 million ADA moved on-chain. By March 5, that figure had climbed over 143 million ADA, marking a 54% increase in coin movement.
Although the metric has since dropped to almost 81 million ADA, the spike suggests that many holders moved coins during the recent rebound, potentially preparing to sell. This rising distribution pressure leads to the next key risk area: leveraged traders.
Rising Long Leverage Adds Liquidation Risk as Spot Demand Weakens
While on-chain activity hints at potential ADA selling, derivatives markets reveal a second vulnerability.
According to the Binance ADA/USDT liquidation map, leveraged traders currently hold significantly more long exposure than short exposure.
30-Day Data shows:
- Long liquidation leverage: about $22 million
- Short liquidation leverage: roughly $17 million
This means long positions outweigh short positions by around 26%. While the long bias is not heavy, it still invokes caution.
When the market holds a long exposure amid a bearish technical structure, downside volatility can increase. If prices begin to fall, these long positions may be forced to close, triggering liquidations that accelerate the decline. Normally, strong spot market demand helps absorb this type of pressure.
However, whale activity suggests that such support is currently limited.
Wallet data shows that most major holder cohorts have not significantly increased their balances in recent days.
Addresses holding:
- 100 million to 1 billion ADA
- More than 1 billion ADA
have largely kept their balances unchanged.
Only the 10 million to 100 million ADA cohort has shown modest accumulation, increasing holdings from 16.67 billion ADA to 16.69 billion ADA. Slightly above $5 million in worth.
This increase is relatively small and does not signal strong new buying demand. With whales largely inactive and coin movement rising, the market may lack the spot demand needed to stabilize the price if selling pressure increases. This dynamic makes Cardano’s key price levels particularly important.
Cardano Price Faces Critical Test Between $0.28 and $0.25
Cardano is currently trading near $0.27, placing it close to the neckline support of the head-and-shoulders structure. Several levels now determine the next directional move.
The first resistance sits near $0.28. This level has repeatedly rejected price attempts since late February. A 12-hour candle close above $0.28 would signal that buyers are regaining control.
If momentum strengthens further, the next resistance lies near $0.29, where the right shoulder of the pattern formed. A stronger breakout above $0.31 would invalidate the bearish structure entirely. Crossing this level would push the price above the head of the pattern and could signal a broader trend reversal.
However, downside risk remains if support fails. A drop below $0.25 would confirm a breakdown of the head-and-shoulders pattern. In that scenario, Cardano could fall toward $0.21, representing a potential 18% decline from the neckline.
For now, Cardano’s 10% rebound has delayed the breakdown, but the combination of hidden bearish divergence, rising coin movement, and heavy long leverage suggests the market may still face a critical test in the days ahead. Only a 12-hour candle close above $0.28 can negate the threats for now.
Crypto World
Market analyst Owen Lau says new crypto rally ‘has legs’
The latest cryptocurrency rally could still have significant momentum, according to analyst Owen Lau, who said the market’s recent surge is supported by improving policy developments and stronger institutional participation.
Summary
- Analyst Owen Lau said the current crypto rally “has legs,” suggesting the market could sustain momentum.
- Pro-crypto policy developments in Washington are helping improve sentiment.
- Growing institutional participation and ETF flows are reinforcing the rally.
Bitcoin surge may extend as policy tailwinds grow: Owen Lau
Owen Lau, a financial technology and crypto analyst, said the current rally “has legs,” pointing to a combination of regulatory progress in the United States and growing integration between traditional finance and digital assets.
Bitcoin and the broader crypto market have staged a strong rebound in recent days, with the leading cryptocurrency climbing above the $73,000 level and driving gains across altcoins. The rally follows renewed inflows into spot Bitcoin exchange-traded funds and a wave of short liquidations that helped accelerate price momentum.
According to Lau, a key factor supporting the rally is the shifting policy landscape in Washington. Recent discussions around crypto market structure legislation and stablecoin regulation have raised expectations that the United States could soon provide clearer rules for the industry.
Improved regulatory clarity has long been viewed as a catalyst for institutional adoption, as major financial firms often require clearer compliance frameworks before expanding exposure to digital assets.
Owen Lau also highlighted the growing involvement of traditional financial institutions in the crypto ecosystem, ranging from asset managers offering spot Bitcoin ETFs to banks exploring digital asset services. These developments, he said, are gradually embedding cryptocurrencies into mainstream financial markets.
Institutional demand has already been visible through sustained ETF inflows, which have become one of the most significant drivers of Bitcoin price movements over the past year.
While volatility remains a defining feature of the crypto market, Lau suggested that the combination of regulatory progress, institutional demand and expanding market infrastructure could support continued upside.
If these trends persist, analysts say the current rally could represent more than just a short-term rebound, potentially marking the early stages of a broader market recovery.
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