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As investors scan the horizon for early signals of a Bitcoin rally to $1 million, Bloomberg analyst Eric Balchunas has predicted that God candles will become a rarity. While price spikes will be few and far between, Balchunas noted that ETFs and corporate adoption will eliminate vomit-inducing drawdowns for the largest cryptocurrency. No More Bitcoin
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Cathie Wood, popular for her bets on crypto firms, has recently loaded 262,463 shares of Jack Dorsey’s Block Inc (NYSE: XYZ) on August 11, across three of its Ark Invest funds. This development just as Dorsey has been pushing for BTC adoption through the company’s subsidiaries like Cash App, Square, etc. Wood’s latest purchase comes
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The post Major Token Unlocks Ahead: Technical Breakdown of PYTH and Optimism (OP) for Traders appeared first on Coinpedia Fintech News
Currently, PYTH Coin is priced at approximately $0.139, which reflects a modest rise since yesterday. Following months of decline from late December, when it was trading near $0.55, the upcoming unlock of more than $86M presents additional volatility risk.
Of importance, the support zone at $0.12 has held thus far; this is pivotal. The next key resistances are:
$0.215 (23.6% Fibonacci) → key breakout area
$0.275 (38.2% Fibonacci) → observe for new momentum
The RSI is to ~45.28, indicating a modestly stronger momentum, but still beneath the neutral 50. The CMF (~+0.08–0.12) indicates steady inflow of capital, which is encouraging. That said, the OBV at ~1.07B is still beneath it’s high (~1.2B) indicating still soft buying pressure.
The price is still under all major EMAs (20/50/100/200) which still reinforces the bearish broader trend. If $0.12 breaks, next critical level to the downside is $0.10, which could initiate some more selling pressure.
Overall the bias remains bearish leading into the unlock, unless PYTH can break above $0.215 soon, if discounting any potential momentum flip/catalyst. Just watch most possibly for short squeezes, if sentiment turns.
Presently, Optimism OP Coin is trading near the $0.632 level, having suffered a long and slow decline down from its peak of $2.773 in December 2024. Adding to volatility perceptions, a large token unlock occurs on May 31 (~386m OP worth ~$587m about to drop into networks).
The RSI indicator on the Daily chart below has nearly fallen to the oversold zone of ~36. This shows sellers are in control but opens OP up to a short term bounce potential should shorts become overcrowded.
The EMA 20/50/100/200 stack shows OP remaining in a down trend under all major averages, with bearish slope confirmation. Again, a meaningful recovery will require OP to reclaim at least the $1.071 (23.6% Fibonacci retracement).
On the volume side, our OBV has now made lower lows near |~415m| and deterioration has persisted. CMF has made lower lows as well recently, at around –0.04, which signals continued net capital outflows.
Structurally, OP’s price remains compressing within a descending channel / falling wedge and is testing the critical support zone of $0.545–$0.600. Should we break this level, the next downside risk opens up below the $0.50 range. The first bullish signal we need to see would be reclaiming the $1.071–$1.4 resistance band (23.6–38.2% Fibonacci) which is no doubt going to be predicated on seeing some rotational volume and sentiment shift post the unlock.
PYTH Network (PYTH)
Coinglass data shows that PYTH’s aggregated open interest has fallen sharply from ~$80 million in December to around ~$40–50 million today, signalling that traders are de-risking ahead of the massive May 20 token unlock. Liquidation data shows limited recent action, but the last big wipeout in December led to a sharp crash, highlighting the risk of forced selling if unlock pressure sparks panic. The derivatives market shows caution, low leverage, and minimal buildup, but traders should prepare for a volatility spike when supply hits.
OP aggregated open interest declined from ~$350 million to ~$150–180 million, with a recent uptick signalling rising short positions, but has seen a recent uptick, indicating a rise in short positioning ahead of the May 31 unlock. Coinglass liquidation data shows large long-side liquidations recently, reflecting bearish control. This rising short buildup raises the risk of a short squeeze if sentiment shifts bullish or if the market absorbs the unlock faster than expected. Traders should monitor OI and liquidation trends closely as the unlock date nears.
Key Levels and Caution Ahead
Both PYTH and OP face critical weeks as their massive token unlocks approach, doubling circulating supply and testing market confidence. Technically, both tokens remain in bearish setups, with weak momentum and volume signals, while derivatives data show that traders are either de-risking (PYTH) or building shorts aggressively (OP). Until key resistances are reclaimed — $0.215 for PYTH and $1.071 for OP — the bias stays bearish, and traders should watch support levels closely at $0.12 and $0.545–$0.600, respectively, as the unlock events unfold.
The post Major Token Unlocks Ahead: Technical Breakdown of PYTH and Optimism (OP) for Traders appeared first on Coinpedia Fintech News
Key Highlights PYTH will unlock 2.13 billion tokens (~$1.24B) on May 20, doubling its circulating supply. Optimism (OP) will unlock 386 million tokens (~$587M) on May 31, also doubling its supply. PYTH shows weak On-Balance Volume (OBV) despite a minor price recovery, with $0.12 as critical support and $0.215 as key resistance. OP remains under …
The post New XRP Data Reveals How Much XRP You Need to Join Top 10% and 1% Richest Holders appeared first on Coinpedia Fintech News
The latest XRP rich list update shows an interesting paradox. While the number of tokens needed to reach the top 10% and top 1% of holders has fallen, the dollar amount needed to buy them has surged.
This is due to XRP’s strong rally alongside the broader crypto market, hitting $3.66 in late July before cooling off slightly. Even after the pullback, XRP remains above $3, up 32% in the past month.
According to data from the community-driven XRP rich list, just 2,433 XRP now puts you in the top 10% of holders — slightly down from 2,486 XRP a month ago. However, while the token count has dropped, the cost to acquire them has jumped from $5,643 in early July to $7,299 now, a nearly $2,000 increase in less than a month.
The same pattern holds for higher tiers. For the top 5%, the requirement fell from 8,758 to 8,517 XRP, yet the cost surged from $19,880 to $25,551. The most dramatic change was in the top 1%, where 50,637 XRP were once needed, now reduced to 50,108 — but the price to enter has jumped by over $35,000, from $115,000 to $150,000.
Analysts say this trend is a warning sign: waiting longer could mean paying significantly more for the same stake. Some commentators believe the market is still early, especially with projections like EGRAG’s $30 XRP target. If that happens, today’s 2,433 XRP for a top 10% spot could be worth $73,000 — pricing out many retail buyers.
While XRP’s rising entry costs might discourage some newcomers, Minotaurus (MTAUR) is offering a far more accessible entry point, and it’s still in its early stages.
Built on the Binance Smart Chain, MTAUR powers a Greek mythology-inspired blockchain game where players control customizable Minotaurs navigating mazes, overcoming traps, and battling creatures for in-game currency and upgrades.
Notably, MTAUR sells at 0.00012051 USDT and has a market cap of 5.6 million. This coin has shown a tendency for impressive performance. It has soared by over 190% over the past year, surging from 0.00004 USDT to its current level. Minotaurus’s low valuation offers significant upside potential for early buyers, with the possibility of reaching multi-million or even billion-dollar territory.
The project integrates a marketplace for skins, consumables, premium tickets, and rare items, with unique characters offering inventory-based effects. Importantly, Minotaurus has been audited by both SolidProof and Coinsult, reinforcing its security credentials, something many early-stage projects overlook.
As XRP climbs into ranges that may soon be out of reach for smaller buyers, MTAUR provides an opportunity to secure a position early, before its market matures and valuations potentially follow a similar upward path.
For those who missed XRP’s early days, Minotaurus offers a fresh, lower-cost shot at joining a growing ecosystem — while it’s still affordable. Learn more about MTAUR from the project’s official website.
The post New XRP Data Reveals How Much XRP You Need to Join Top 10% and 1% Richest Holders appeared first on Coinpedia Fintech News
The latest XRP rich list update shows an interesting paradox. While the number of tokens needed to reach the top 10% and top 1% of holders has fallen, the dollar amount needed to buy them has surged. This is due to XRP’s strong rally alongside the broader crypto market, hitting $3.66 in late July before …