Bitcoin bull cycle enters ‘late phase’ as profit-taking metrics spike

On-chain analytics firm Glassnode has highlighted a crucial Bitcoin price level that bulls need to defend to maintain the current rally. The Bitcoin Short-Term Holder Cost Basis is currently at $111,400, which serves as a significant indicator of market sentiment. Understanding this level is essential for investors as it reflects the average acquisition cost for short-term holders, providing insights into potential market movements. This information is vital for anyone involved in Bitcoin trading or investment, as it could influence future price trends.

Gold has seen a remarkable rise of 42.7% this year, driven by ongoing geopolitical tensions, while Bitcoin has lagged behind with a 20.7% increase. This disparity raises questions about the 'digital gold' narrative often associated with Bitcoin, as investors may be reassessing their preferences in uncertain times. Understanding these trends is crucial for investors looking to navigate the evolving landscape of digital and traditional assets.

OranjeBTC is set to make its debut on Brazil's B3 stock exchange, bringing a significant $410 million in Bitcoin to public markets. This move is a major milestone for cryptocurrency in Brazil, as it opens up new investment opportunities and enhances the legitimacy of digital assets in the region. The introduction of OranjeBTC could attract more investors to the crypto space, potentially leading to increased market activity and innovation.

Find Mining has launched Ethereum cloud mining contracts, allowing ETH holders to earn passive income. This development is significant as Ethereum is a leading asset in the cryptocurrency market, second only to Bitcoin, and serves as a crucial infrastructure for decentralized finance (DeFi). By enabling users to mine ETH without the need for expensive hardware, Find Mining is making it easier for more people to participate in the crypto economy and benefit from its growth.

Morgan Stanley is set to launch its own crypto trading service on the E*Trade platform in early 2026, thanks to a partnership with Zerohash. This move allows E*Trade clients to trade popular cryptocurrencies like Bitcoin, Ethereum, and Solana, marking a significant advancement in the financial services sector's embrace of digital assets. This initiative not only highlights Morgan Stanley's commitment to innovation but also reflects the growing acceptance of cryptocurrencies in mainstream finance.

Bitcoin's recent price dip has attracted buyers, as data suggests it is trading at a discount. However, analysts caution that charts indicate a possible sell-off could drive the price down to $106,000. This situation is significant as it reflects the volatile nature of cryptocurrency trading, where market sentiment can shift rapidly, impacting both investors and the broader financial landscape.

OranjeBTC is set to become Brazil's largest publicly-traded Bitcoin treasury firm with its upcoming listing on the B3 stock exchange. This move is significant as it highlights the growing acceptance and integration of cryptocurrencies in mainstream finance, potentially attracting more investors and legitimizing Bitcoin as a viable asset class in Brazil.

The recent 25-basis-point rate cut by the U.S. Federal Reserve led to a temporary surge in Bitcoin's price, reaching $118,000. However, this rally was short-lived as the price failed to maintain momentum, reflecting ongoing bearish sentiment in the market. This matters because it highlights the challenges Bitcoin faces in gaining traction despite favorable economic conditions, raising questions about its stability and future performance.

The FTX Recovery Trust has taken a significant step by suing Genesis Digital Assets to reclaim $1.15 billion in funds that were allegedly transferred fraudulently by Sam Bankman-Fried, the co-founder of the now-defunct FTX exchange. This lawsuit, filed in the US Bankruptcy Court for Delaware, highlights the ongoing efforts to recover lost assets and hold accountable those involved in the collapse of FTX. It matters because it could set a precedent for similar cases in the cryptocurrency sector, emphasizing the importance of accountability in financial transactions.

In a recent interview with Cointelegraph, Bitwise CIO Matt Hougan shared an optimistic outlook on Bitcoin, predicting it could surpass $1 million by 2035. He attributes this potential surge to the increasing acceptance of cryptocurrency by Wall Street, which could significantly influence market dynamics. This insight is important as it highlights the growing legitimacy of digital currencies and their potential role in the future of finance.

Fold has launched a new Bitcoin rewards card, making it incredibly simple for users to earn Bitcoin with every purchase. Backed by major players like Visa and Stripe, this card eliminates the complexities often associated with cryptocurrency transactions, allowing users to earn real BTC effortlessly. This innovation is significant as it bridges the gap between traditional finance and the growing world of digital currencies, making Bitcoin more accessible to everyday consumers.

The Liquidium Foundation has introduced an innovative liquid staking framework for Rune-based tokens on Bitcoin's layer-1 network. This new protocol allows users to stake their tokens while keeping them in their native Bitcoin format, enhancing wallet security through Internet Computer's chain fusion technology. Initially, it supports Liquidium's LIQ tokens, marking a significant step forward in the integration of staking within the Bitcoin ecosystem. This development is important as it opens up new opportunities for users to earn rewards while maintaining the security and integrity of their assets.

Dogecoin is currently experiencing a period of consolidation around $0.24, following a recent rejection of attempts to surpass $0.28. This stability has created a technical setup that analysts believe could lead to a significant price rally, potentially resulting in gains of up to 520%. This matters because it highlights the volatility and potential for profit in the cryptocurrency market, attracting both investors and traders looking for opportunities.

On-chain analytics firm Glassnode has highlighted a crucial Bitcoin price level that bulls need to defend to maintain the current rally. The Bitcoin Short-Term Holder Cost Basis is currently at $111,400, which serves as a significant indicator of market sentiment. Understanding this level is essential for investors as it reflects the average acquisition cost for short-term holders, providing insights into potential market movements. This information is vital for anyone involved in Bitcoin trading or investment, as it could influence future price trends.

BlackRock's $2 billion BUIDL fund is set to potentially integrate with the XRP Ledger, as announced by tokenization platform Securitize. This move could enhance the connection between traditional finance and blockchain technology, marking a significant step for XRPL's growth and adoption in the financial sector. It highlights the increasing interest from institutional investors in blockchain solutions, which could lead to more innovative financial products and services.

Morgan Stanley is set to enhance its offerings by allowing major crypto trading through E*Trade, marking a significant step in the integration of traditional finance with digital assets. This move is important as it reflects the growing acceptance of cryptocurrencies in mainstream finance, potentially attracting a new wave of investors and boosting market confidence.

The U.S. Commodity Futures Trading Commission (CFTC) is taking significant steps to integrate stablecoins into its tokenized collateral initiatives. This move is crucial as it aims to enhance the efficiency and security of financial transactions, potentially leading to broader adoption of digital currencies in mainstream finance. By involving stablecoins, the CFTC is not only modernizing the regulatory framework but also fostering innovation in the financial sector, which could benefit consumers and businesses alike.

In a recent interview, Morgan Krupetsky from Ava Labs highlighted Avalanche's pioneering efforts in the tokenization space. He emphasized the importance of distinguishing genuine advancements from mere hype, showcasing how Avalanche has been at the forefront of this technology for years. This conversation is significant as it sheds light on the evolving landscape of cryptocurrency and the role of established platforms in shaping its future.