XRP skyrockets 101,445% in record liquidation imbalance as bulls get brutally crushed
Bitcoin ( BTC ) is trading at $112,851, down 5.98% on the weekly chart. The move marks its lowest point in three weeks and extends a sharp reversal from the all-time high of $124,457 set on August 14, leaving the cryptocurrency down 9.3% from last week’s peak. BTC has broken below its 1D 50-day moving average ( MA ) for the first time in two months, triggering short-term jitters, though it remains comfortably above the 200-day SMA. The daily Relative Strength Index ( RSI ) has fallen to 40, a level that marked major lows in both August and June. Despite the pullback, according to cryptocurrency analyst TradingShot , Bitcoin’s current structure resembles a fractal (a recurring chart pattern that mirrors previous phases in price and momentum) from its 2020 cycle. In fact, both the RSI and price action now look similar to late 2020, when BTC began its steep climb. BTC 2024 vs 2020 sequence. Source: TradingShot/Tradingview Back then, BTC’s rebound set the stage for its run toward $60,000. Analysts suggest today’s setup could play out in the same way, potentially supporting a move toward $150,000–$170,000 before the current cycle ends. Short-term correction risk Other analysts remain cautious. Master Ananda highlighted Bitcoin’s failure to break through the $122,524 resistance level, calling it a double-top bearish signal. He identified the 1.618 Fibonacci extension at $102,077 as a key support zone, with potential downside toward $100,000 if selling pressure accelerates. Temporary support has appeared at $112,000, but Ananda doubts it will hold. He expects the correction to run its course within days before Bitcoin stabilizes and resumes its longer-term uptrend. BlackRock ETF flows spark alarm Adding to the bearish sentiment, on-chain trackers this week flagged large Bitcoin transfers linked to BlackRock’s iShares Bitcoin Trust ( IBIT ). The ETF’s wallet balance appeared to fall by 50,000 BTC ($548 million) over the past week, sparking fears of a mass sell-off. Data shows 8,668 IBIT-linked transactions, with coins shifting between addresses in chunks ranging from $22 million to $35 million. In reality, the flows were routine custodian shuffles between cold storage, hot wallets, and counterparties for liquidity. All investor assets remain fully backed, and no Bitcoin was sold to exchanges. Featured image via Shutterstock. The post Bitcoin repeats 2020 sequence, rally incoming? appeared first on Finbold .
Bitcoin dominance (BTC dominance) has broken a two‑year rising channel and closed under the 50‑week moving average, now at 59.72% — technical signals point to further downside toward 44–42%, increasing
Another notable development has emerged in the cryptocurrency markets. According to data provided by on-chain analysis platform Aunt Ai, renowned investor Arthur Hayes, founder of BitMEX, may have recently purchased 7.66 million BIO tokens. Arthur Hayes' $1.1 Million Bio Purchase Suspicion The total value of this transaction, which allegedly took place about half an hour ago, was reported to be $1.1 million. Hayes' recent purchases aren't limited to BIO. He has reportedly spent a total of $14.37 million on six different tokens operating within the Ethereum ecosystem since August 10th. Among these investments, only a portion of the PENDLE token was reportedly sold, but it remains unconfirmed whether this sale occurred through market-making transactions. All other tokens are reportedly still held in Hayes' wallet. This new investment, specifically in BIO tokens, demonstrates Hayes' continued active positioning in crypto markets. Analysts emphasize that such high-volume transactions provide important signals of investor confidence but can also lead to short-term market volatility. Experts say that whether Hayes' strategy is focused on long-term savings will become clearer in the coming days. The crypto community is closely watching the future market impact of these purchases, particularly in the Ethereum ecosystem. *This is not investment advice. Continue Reading: BitMEX Founder Arthur Hayes Purchased a Large Portion of This Altcoin, According to On-Chain Data! Here Are the Details
Solana’s leading meme coin launchpad, Pump.fun, has staged a dramatic comeback, posting one of its strongest weeks of 2025 and reclaiming dominance in the fiercely competitive meme coin market. According to data from DeFiLlama, Pump.fun generated $13.48 million in revenue between August 11 and 17, marking its best weekly performance since February. Source: DefiLlam a The surge represents nearly a 700% increase from the $1.72 million recorded in the first week of August, when the platform hit its lowest revenue levels since March 2024. The rebound comes as the broader meme coin sector itself swung sharply, with market capitalization collapsing by $16 billion in early August before partially recovering. Pump.fun Regains Dominance in Solana Meme Coin Market Pump.fun’s resurgence is particularly notable after ceding ground to rival Solana-based launchpad LetsBonk in July. For nearly a month, LetsBonk.fun led in daily trading volume and revenue, disrupting Pump.fun’s dominance in the ecosystem. That streak broke in early August, when Pump.fun overtook its competitor across all major metrics, including tokens minted, daily volume, and revenue. @pumpdotfun has reclaimed the lead from @letsBONKfun in Solana meme coin activity, topping daily trading volume, revenue, and token launches. #Solana #MemeCoins https://t.co/2T5wbQjZyV — Cryptonews.com (@cryptonews) August 6, 2025 On August 6 alone, Pump.fun processed $144.5 million in graduation volume and $525 million in post-graduation trading activity, far eclipsing LetsBonk’s $34.6 million and $305 million, respectively. Daily data further underscores the platform’s renewed momentum. In a single 24-hour period this week, Pump.fun users created more than 20,000 new tokens, generating nearly $129 million in trading volume and $1.22 million in fees. Source: Dune Analytics/ @adam_tehc By contrast, LetsBonk.fun launched just 338 tokens with $3.3 million in volume and $15,487 in fees during the same period. Pump.fun also saw over 124,000 active addresses, dwarfing its competitors and reaffirming its status as the primary launchpad for traders and creators in the Solana meme coin scene. Source: Dune Analytics/ @adam_tehc Despite the record-breaking weekly revenue, Pump.fun’s financial picture in 2025 remains mixed. Quarterly earnings have declined sharply, with revenue falling from $257.6 million in Q1 to just $133.1 million in Q2, signaling reduced transaction activity over the summer months. Still, annualized metrics from Dune Analytics highlight strong underlying fundamentals: Pump.fun maintains $4.5 billion in monthly decentralized exchange volume, $367 million in projected annual revenue, and a market capitalization nearing $2 billion. Its native token, PUMP, currently trades around $0.002963, which is a 2.9% surge in the last 24 hours, slightly recovering from a 25.9% drop from one week ago. Industry analysts say Pump.fun’s recovery reflects both platform-specific momentum and broader sentiment shifts in the meme coin market. Source: CoinMarketCap After plunging from $77.7 billion at the end of July to $62.1 billion on August 3, the sector’s market cap rebounded to $75 billion by mid-month before easing back to $70 billion. At press time, meme coins collectively hold a market capitalization of about $66 billion. Solana Launchpad Faces $5.5B Class Action Amid Expansion and Buybacks Solana-based meme coin platform Pump.fun is facing a consolidated class action lawsuit in the Southern District of New York, alleging it operates an illegal “meme coin casino” that caused between $4 billion and $5.5 billion in losses to retail traders. The suit targets Pump.fun’s operator, Baton Corporation, along with founders Alon Cohen, Dylan Kerler, Noah Bernhard, Hugo Tweedale, and executives from Solana Labs, the Solana Foundation, and Jito Labs. Plaintiffs claim the defendants formed a “Pump Enterprise,” describing the platform as a racketeering scheme under the Racketeer Influenced and Corrupt Organizations Act (RICO). According to the filing, Pump.fun acts as a “slot machine cabinet” where users deposit SOL for unpredictable token outcomes. The complaint highlights the absence of age checks or KYC screening, allowing minors to trade. Despite legal challenges, Pump.fun continues to expand. On August 8, it launched the Glass Full Foundation (GFF), an initiative to provide liquidity support for selected projects, aiming to stabilize its fast-moving meme coin sector. Earlier in the month, the platform introduced a public revenue dashboard and resumed buybacks of its $PUMP token. Between August 5 and 11, Pump.fun repurchased $8.4 million worth of tokens, nearly all of its revenue during that period. To date, it has bought back more than $33 million worth of $PUMP, offsetting less than 1% of supply. @pumpdotfun has spent $6.68M in SOL to repurchase PUMP tokens as price pressures mount and insiders exit. #Solana #pumpfun https://t.co/iFT9aieWRS — Cryptonews.com (@cryptonews) August 8, 2025 Pump.fun’s momentum has attracted attention from Solana Labs co-founder Anatoly Yakovenko, who said on X the platform “has a shot at building a global streaming platform.” He also noted that competition in crypto “never ends.” pump dot fun has a shot at building a global streaming platform https://t.co/FY3mA3Go74 — toly (@aeyakovenko) August 20, 2025 Rival platform LetsBONK.fun is pursuing a similar strategy. On August 3, it allocated 440 SOL to token buybacks, followed by a $750,000 purchase of $USELESS tokens as part of a new strategic fund. It also pledged to direct 2% of revenue toward supporting leading community projects. BONKfun is proud to announce that we’ve acquired $750,000 worth of #USELESS over the past week as part of a new, ongoing strategic fund to support the next stage of projects' growth. In addition, we’re committing another 1% of funds to further strategic alignment with the… pic.twitter.com/nCX8R92JOL — BONK.fun (@bonk_fun) August 7, 2025 However, its ecosystem has faced setbacks, with market cap falling 20% in a day and its native token $BONK down more than 20% over the past week. Meanwhile, $USELESS, the top token on LetsBONK.fun, has surged nearly 28% in seven days after announcing multiple exchange listings, including Binance and Coinbase. The post Pump.fun Revenue Explodes Nearly 700% in a Record-Breaking $13.5M Week appeared first on Cryptonews .
Cathie Wood’s ARK Invest has purchased 356,346 shares of Bullish Holdings valued at $21.2 million, along with 150,908 shares of Robinhood Markets worth $16.2 million, during what ARK describes as strategic accumulation. These purchases came amid market-wide selling pressure that saw millions liquidated in long positions. The purchases also extend ARK’s three-session Robinhood buying streak, adding to Monday’s $14 million acquisition and Friday’s $9 million buy, bringing recent Robinhood investments to $39 million across the period. ARK’s commitment to Bullish now totals $209 million following last week’s initial $172 million purchase of 2.53 million shares across three ETFs after the Peter Thiel-backed crypto exchange’s NYSE debut at $37 per share. Source: Ark Invest Daily ARK’s Strategic Reentry Following Regulatory Compliance The Robinhood accumulation marks a dramatic reversal from ARK’s forced selling throughout 2024 to comply with Rule 12d3-1, which restricts ETF holdings in registered broker-dealer securities to 5% of total assets. This regulatory-driven selling, followed by Robinhood’s European expansion through Bitstamp and new product launches like the USDG stablecoin, creates additional revenue streams that might have driven the recent accumulations. Notably, ARK’s current buying spree also coincides with Robinhood’s exceptional Q2 performance , where crypto revenue surged 98% to $160 million and customer accounts reached 26.5 million, with platform assets nearly doubling to $279 billion year-over-year. Meanwhile, Bullish’s explosive trading debut saw shares surge over 200% intraday before settling at $68, representing an 84% premium that validated ARK’s timing on the initial investment. ₿ Cathie Wood's Ark Invest has purchased $172 million worth of Peter Thiel-backed Bullish shares across three of its ETFs. #ArkInvest #Bullish #IPO https://t.co/iOrY7mPvdr — Cryptonews.com (@cryptonews) August 14, 2025 The firm’s aggressive positioning reflects its mid-year 2025 recovery narrative, where ARKK posted a 73.54% gain between April 8 and June 24 compared to the Nasdaq 100’s 29.74% recovery over the same period. ARK attributed this outperformance to active portfolio rebalancing during the recovery, exiting three securities while entering five new positions, including high-profile IPO additions that drove massive turnover rates. The Pattern Behind ARK’s Crypto Equity Dance ARK’s trading patterns across crypto equities have drawn scrutiny as the firm purchases at exact timing that consistently maximizes returns across multiple positions. The firm’s rapid $52 million Circle disposal just 11 days post-IPO captured peak valuations before shares retreated, its July decision to sell $6.5 million in Coinbase and $5.8 million in Robinhood occurred precisely as both stocks reached local highs during Bitcoin’s rally above $118,000. Cathie Wood’s ARK Invest has continued to offload its shares of Circle (CRCL), shedding another $44.7 million worth on June 17. #Cirlce #ARKInvest https://t.co/ORG1URqeHa — Cryptonews.com (@cryptonews) June 18, 2025 This pattern of exiting at apparent peaks before re-entering during subsequent weakness raises questions about whether such consistent timing resulted from analytical superiority or informational advantages that retail investors lack. ARK’s current Robinhood reaccumulation buying $39 million after regulatory compliance forced previous sales follows an eerily similar trajectory to its Circle strategy, where profit-taking preceded renewed accumulation during market softness. The firm’s mid-year justification that traditional technical indicators “don’t account for active portfolio management” conveniently preceded perfectly-timed exits across crypto positions, including the controversial Circle sale that occurred as momentum began faltering. Additionally, ARK’s simultaneous partnerships with crypto infrastructure providers, such as the recent SOL Strategies staking arrangement , may create potential information advantages that could inform trading decisions across related equity positions. The consistency of ARK’s profit maximization across volatile crypto equities continues to be a point of attention, particularly as the firm has consistently demonstrated an unusual ability to buy dips and sell peaks with remarkable precision. What remains unclear is whether ARK’s latest Bullish and Robinhood purchases indicate confidence in these specific companies’ execution capabilities or are a short-term bet that will still be offloaded as seen previously. The post ARK Invest Snaps Up $37M in Bullish and Robinhood Shares During Market Dip appeared first on Cryptonews .
Although not all 75 altcoins have outperformed Bitcoin—a signal that validates altcoin season, Solana is one of the few altcoins taking in notable gains.