Cryptonews

The first sign of impending greatness for Cardano? Well, it seems the whales—those elusive, deep-pocketed players—are starting to accumulate. And no, they’re not making a surprise appearance at SeaWorld. According to Santiment data, addresses holding between 10 million and 100 million ADA coins now control a solid 35.5% of all the circulating ADA. That’s up from a more modest 33% back in January. But wait, there’s more: holders of 1 million to 10 million ADA have jumped to 15.83%. Something smells fishy in the water… and it smells like *bullish* activity. Historically, when whales stockpile coins, it’s a sign that they’re expecting bigger things ahead. And when they dump? Well, let’s just say it’s not so festive.

In a recent X-shaped scroll (or tweet, for the Muggles), Dr. Altcoin professes an almost Hogwarts-level confidence that the Pi price pump will kick off amidst the grandeur of the much-hyped Consensus Summit. This three-day crypto jamboree is like the Oscars for blockchains, minus the fancy gowns but overflowing with the buzz of partnerships, updates, and existential hopes harnessed into a single event.

On a grim, somber Sunday, Binance Coin (BNB) toyed with the psychological fortress of $600—alas, shy of this month’s lofty summit at $630, yet still 15% higher than the pits of despair found earlier in the month. One cannot help but feel the cruel irony: a coin’s journey is no less tragic than a man’s, forever balancing hope and defeat.

Now, you might wonder what net inflows are. Imagine it as counting all the candy coming into your pocket from friends minus the candy you accidentally dropped on the floor. That’s the difference between coins entering and leaving these ETFs. Spoiler: the candy was flowing in like mad.

Yes, my dear market watchers, it’s a tantalizing dance of hope and trepidation as Bitcoin teeters on the edge. A confirmed move above this threshold could herald the dawn of a glorious recovery phase, but anything less would send us back into the jaws of the bears.

Now, here’s where things get spicy. Bitcoin might be working on what they call a “five-wave move” from the April low. If this is true, then we’re all about to get rich—well, at least if you bought in early enough to avoid crying into your coffee every morning. But, if it turns out to be a “three-wave structure” instead, then congratulations, you’re stuck in a bear market, and that recent uptick? Just a little blip before the crash. Welcome to the party!

So, there’s this guy, Axel Adler Jr. – you’ve probably heard of him, or maybe not, but he’s got some juicy insights into the Bitcoin market. This time, he took to X to spill the beans on what’s really going on behind the scenes.

Peirce wasn’t having any of it, though. She absolutely roasted the lack of clarity plaguing investment advisers and brokers. These poor souls are constantly wondering, “Does this crypto asset count as a security? Which custodian should I trust? And is anyone else panicking right now?” She made it clear that this “regulatory limbo” isn’t just a buzzkill for innovation—it’s actively smothering the potential for a vibrant crypto market. “Let’s turn the lights on and build some actual walkways over this lava,” she declared, as if anyone was actually asking for advice on how to cross a volcano.

While the common rabble fawn over bitcoin, as if it were the sole suitor worth their gaze—especially under Trump’s command to crown it a reserve treasure—other tokens twirl upon the stage, making their own whispers heard. Lo, Solana pirouettes grandly, accompanied by firms who trumpet their purchases and courtship of this sparkling gem.

It’s no surprise that such price action is happening amid a tidal wave of institutional capital pouring into Bitcoin ETFs. A mind-boggling $3 billion flowed in for the week ending April 25, marking the second-largest weekly inflow since these ETFs first saw the light of day. It’s also the first full week of consistent inflows in five weeks, hinting that, just maybe, the institutional crowd is warming up to the idea of this digital gold. 🤑