Ethereum has been struggling to reclaim higher levels after losing the $3,100 mark earlier this week, as selling pressure and market-wide uncertainty continue to weigh on price action. Bulls are attempting to defend key support zones, but so far, momentum remains weak and upside recovery efforts have failed to gain traction. Despite this, no clear sign of a deeper breakdown has emerged, suggesting that the market could still be in a consolidation phase rather than entering a new bearish leg.

In the midst of this volatility, Sharplink Gaming — notably one of the first Nasdaq-listed companies to adopt a treasury strategy centered around Ethereum — has made significant on-chain moves during the recent downturn. This activity comes at a time when market sentiment has turned fearful and liquidity across exchanges has thinned, hinting that institutional actors may be positioning strategically amid the chaos.

While the broader market remains on edge following Bitcoin’s dip below $100K, Ethereum’s network fundamentals and corporate adoption trends continue to attract long-term attention. Sharplink’s recent actions underscore the growing institutional role in ETH markets — and may signal that some players see opportunity where others see risk.

Sharplink Gaming’s Ethereum Moves Signal Strategic Positioning

According to data from Arkham shared by Lookonchain, a wallet linked to Sharplink Gaming made a significant move during the latest market correction. The wallet redeemed 5,284 ETH, valued at roughly $17.52 million, and subsequently deposited 4,364 ETH ($14.47 million) into OKX just four hours ago.

The company’s total Ethereum holdings have risen to 859,395 ETH, now worth approximately $3.58 billion at current market prices. This makes Sharplink one of the most prominent institutional ETH holders, reinforcing its conviction in Ethereum’s long-term value despite short-term volatility.

The move sparked debate among analysts, as the OKX deposit could imply either profit-taking or liquidity repositioning, depending on the company’s broader risk management strategy. However, given Sharplink’s consistent Ethereum accumulation and public alignment with blockchain-based initiatives, the transaction may instead represent active portfolio rebalancing during market stress — a sign of confidence rather than retreat.

As Ethereum struggles to stabilize above $3,300, institutional moves like these highlight that smart money remains engaged, potentially setting the foundation for a stronger recovery once market sentiment improves and macro conditions stabilize.

Ethereum Finds Temporary Support, But Recovery Faces Major Resistance

Ethereum is currently trading around $3,298, struggling to reclaim ground after the sharp correction that drove prices below the $3,100 level earlier this week. The daily chart shows ETH attempting to stabilize above its 200-day moving average (red line) — a historically significant support zone that has served as a reversal area in previous market cycles.

However, the broader structure remains fragile. Ethereum continues to trade below both its 50-day and 100-day moving averages, indicating that short- and mid-term momentum remains bearish. Bulls must reclaim the $3,400–$3,500 zone to confirm a stronger recovery, as this area represents both a psychological level and the point where the 50-day MA could act as dynamic resistance.

For now, Ethereum remains in a critical consolidation phase — holding above $3,200 is essential to prevent deeper losses. A decisive close below the 200-day MA, however, could open the door to a retest of $2,900–$3,000, marking a deeper correction phase.

Featured image from ChatGPT, chart from TradingView.com

Cardano has entered a difficult phase as selling pressure intensifies across the crypto market. The price of ADA has fallen below the $0.60 level, a critical threshold that previously acted as both support and a psychological anchor for traders. With this breakdown, bullish momentum has faded, and the asset now faces mounting resistance amid a broader market downturn dominated by caution and fear.

Market sentiment toward Cardano has turned notably bearish, reflecting growing uncertainty about short-term price stability. However, several analysts view the current decline as part of a natural market reset, potentially setting the stage for a healthier recovery once selling pressure subsides.

According to recent on-chain data, whales — large holders responsible for significant portions of ADA’s supply — have been offloading millions of tokens in recent days. This selling activity has contributed to the latest drop, underscoring how institutional and large investor behavior continues to shape price direction.

Whales Offload 4 ADA, Raising Fears of Panic Selling

According to Santiment data, Cardano whales have offloaded more than 4 million ADA over the past week, signaling rising uncertainty among large holders. This wave of selling has added to the broader weakness seen across the market, as investors react to increasing volatility and fading confidence following Bitcoin’s recent dip below $100K.

Analysts warn that such whale activity often triggers short-term panic selling, as retail traders interpret these moves as a sign of deeper distribution or loss of conviction from major holders. While the scale of the selloff remains moderate relative to Cardano’s overall supply, it has nevertheless amplified bearish sentiment around ADA’s short-term outlook.

For the market to stabilize, much now depends on Bitcoin maintaining its current demand zone and Ethereum reclaiming higher levels above $3,400. Both assets continue to serve as the key drivers of broader crypto market sentiment and liquidity flow. If BTC can hold above $100K and ETH resumes its uptrend, confidence could quickly return to altcoins like Cardano.

ADA Struggles Below $0.60 as Selling Pressure Persists

Cardano’s (ADA) price remains under significant selling pressure, currently trading around $0.54 after losing the critical $0.60 support level earlier this week. The daily chart shows ADA struggling to gain traction above its 50-day, 100-day, and 200-day moving averages, which now act as layered resistance between $0.70 and $0.75 — levels that must be reclaimed to shift momentum back in favor of the bulls.

Recent price action reflects clear bearish control, with lower highs and lower lows forming since late September. The sharp rejection from $0.70 and subsequent decline below the 200-day moving average confirm that short-term traders remain hesitant to buy dips. However, the presence of a local demand zone around $0.50–$0.52 could provide temporary relief, as historical data shows this region acting as a strong accumulation area in prior market cycles.

Volume spikes suggest active selling, likely driven by whale offloading identified by on-chain analytics. For a reversal, ADA would need to sustain a daily close above $0.60, supported by an increase in volume and a broader recovery across BTC and ETH. Until then, the outlook remains cautious, with risks of further downside if macro sentiment fails to stabilize.

Featured image from ChatGPT, chart from TradingView.com

Ethereum is attempting to regain stability after the sharp selloff on Tuesday that sent its price plunging below $3,100. The drop triggered widespread liquidations across the crypto market, with ETH briefly touching multi-week lows before finding support. As of today, bulls are trying to reclaim the $3,350 level, a short-term resistance zone that could determine whether the asset stages a broader recovery or faces another leg down.

Despite the volatility, on-chain data reveals a different story beneath the surface. Large investors — often referred to as whales — have continued to accumulate ETH, signaling long-term confidence in the network’s fundamentals. Their steady buying activity stands in stark contrast to the broader market’s fear-driven behavior, suggesting that major holders view the recent correction as a buying opportunity rather than a reversal.

Historically, whale accumulation during deep pullbacks has often preceded strong rebounds, as institutional and long-term capital step in while retail sentiment weakens. The challenge now lies in whether Ethereum can maintain momentum above key technical levels, especially as overall market confidence remains fragile. If buying pressure continues to build, ETH could find the foundation for a sustained recovery heading into mid-November.

Whales Accumulate ETH, Hinting at Impulsive Move Ahead

According to Lookonchain, Ethereum whales have collectively accumulated 394,682 ETH, worth approximately $1.37 billion, over the past three days. This wave of large-scale buying comes as prices consolidate below $3,400, signaling that deep-pocketed investors are positioning ahead of a potential market rebound.

Such aggressive accumulation often indicates smart money confidence in future upside potential. Historically, when whales buy during periods of widespread fear and weak price action, it suggests they are anticipating an impulsive phase — a sharp move driven by renewed liquidity and market sentiment recovery. The scale and speed of this accumulation reinforce the idea that these entities expect Ethereum to outperform once selling pressure fades.

This trend also aligns with broader market behavior seen after major liquidations, where institutional players tend to absorb supply from shaken-out traders. If ETH holds above its key support around $3,100, the combination of whale accumulation, improving on-chain inflows, and reduced leverage could act as the catalyst for a breakout toward the $3,600–$3,800 range.

ETH Finds Support at 200-Day MA

Ethereum’s daily chart shows that the asset has found temporary relief after Tuesday’s sharp selloff, which dragged prices below $3,100 for the first time in weeks. The decline brought ETH down to test its 200-day moving average (red line) — a key long-term dynamic support that historically acts as a springboard during corrective phases.

Currently, Ethereum is trading around $3,380, showing signs of a modest rebound. However, bulls face immediate resistance near the $3,500–$3,600 range, where the 50-day (blue) and 100-day (green) moving averages converge. This area has repeatedly rejected upward moves since late October and will likely define short-term direction.

A decisive break above these averages could shift momentum back in favor of the bulls, opening the door for a recovery toward $3,800. On the downside, a failure to hold above the 200-day MA may trigger further weakness toward $3,000 or even $2,850, where previous demand zones exist.

Featured image from ChatGPT, chart from TradingView.com

Bitcoin is once again at a pivotal moment after briefly dipping below the $100,000 level on Tuesday, testing one of the most important psychological and structural supports of the cycle. The market remains tense as bulls attempt to defend this zone amid rising volatility and persistent selling pressure. Momentum has clearly slowed, and traders are now looking for signs of stabilization as the next directional move takes shape.

According to top analyst Darkfost, a major shift is unfolding beneath the surface — Bitcoin’s open interest across major centralized exchanges continues to struggle to recover. Since the mass liquidation event on October 10, when over $10 billion in leveraged positions were wiped out, the use of leverage has cooled significantly. This has resulted in the largest 30-day decline in open interest of the entire cycle, signaling a widespread de-risking among futures traders.

While this sharp decline reflects shaken confidence, it may also serve a constructive purpose. The unwinding of excessive leverage often precedes healthier, more sustainable price action, helping to flush out speculation and rebuild stronger market foundations.

Leverage Flush Deepens as Exchanges See Billions in Open Interest Wiped Out

Darkfost highlights that Binance has been at the center of this leverage unwind, recording a massive $4 billion decline in Bitcoin open interest over the past month. Other major platforms have faced similar drawdowns, with Bybit losing over $3 billion and Gate.io more than $2 billion. This widespread contraction underscores how aggressively leverage has been removed from the market following October’s liquidation shock.

Back on October 10, global open interest dropped by more than $10 billion within hours, one of the most severe leverage resets of the cycle. Historically, after such dramatic events, traders rebuild positions quickly as volatility cools. However, this time the rebound has been notably absent — open interest remains depressed, suggesting that market confidence is still fragile.

The ongoing correction continues to discourage over-leveraged activity, forcing traders to adopt more conservative positioning. While this has amplified short-term downside pressure, Darkfost notes that these deleveraging phases are ultimately healthy.

They wash out excessive speculation, allowing stronger hands to reaccumulate and laying the groundwork for the next sustained rally. In the medium term, this compression of leverage tends to create a more stable, organic market structure — one driven by spot demand rather than derivatives-driven momentum.

Bitcoin Retests Key Support After Heavy Selling

Bitcoin is showing signs of stabilization after a sharp sell-off that briefly pushed prices below the critical $100,000 level earlier this week. As of now, BTC trades around $103,000, attempting to recover but facing persistent resistance from the short-term moving averages.

The chart shows that Bitcoin remains well below the 50-day (blue) and 100-day (green) moving averages — both now acting as dynamic resistance zones around $110,000. The 200-day MA (red) near $102,000 currently serves as the key support level, and a sustained close below it could open the door to deeper downside, potentially toward $95,000.

The recent bounce reflects short-covering and some dip-buying activity, but momentum remains weak. The market structure suggests a shift from bullish to corrective, as lower highs continue to form. For bulls to regain control, Bitcoin would need to reclaim the $110,000–$112,000 region — where heavy liquidity and previous breakdown levels align.

Focus remains on whether buyers can hold the $100K–$103K zone. Losing this range would likely trigger another wave of liquidations, while a successful defense could provide the base for a mid-term recovery rally. The market remains fragile, with sentiment still leaning cautious.

Featured image from ChatGPT, chart from TradingView.com

Bitcoin has officially lost its footing below the critical $100,000 level, rattling markets and fueling a wave of fear-driven selling. The move comes after a sharp surge in bearish sentiment, with CryptoQuant data indicating that Bitcoin’s latest decline is largely psychological rather than fundamentally driven.

Over the past several days, the market has shifted from confidence to panic at remarkable speed. The Fear & Greed Index plunged to 21 — deep in fear territory — just days after BTC briefly tapped $107K. Bullish narratives calling for a $150K–$200K breakout have vanished from social platforms, replaced by anxiety, disbelief, and calls for deeper downside.

Google search trends for Bitcoin interest cooled significantly after October highs, mirroring weakening retail enthusiasm. Meanwhile, altcoin sentiment collapsed to extreme lows, hitting -81 as traders capitulated across the board.

This emotional swing is not unusual for crypto. With a relatively small market structure and large speculative participation, crypto assets remain highly sensitive to sentiment shocks. In many cases, price movements are influenced more by crowd psychology than by on-chain fundamentals. While the sell-off has been intense, analysts note that network data remains resilient — raising the question of whether panic, rather than macro reality, is driving this correction.

On-Chain Data Shows Strength Beneath the Sell-Off

Despite Bitcoin’s sharp drop below $100K, on-chain data paints a very different picture beneath the surface. According to a CryptoQuant report by XWIN Research Japan, there is no evidence of structural weakness or network deterioration — only a sentiment-driven correction.

Key network metrics remain solid. Exchange withdrawals have surged, suggesting investors are moving BTC into self-custody rather than rushing to exit the market. Meanwhile, UTXOs in loss have risen to roughly 12%, signaling discomfort — but still far from levels associated with true capitulation phases in past cycles. This indicates that most market participants remain positioned for longer-term upside.

At the protocol level, Bitcoin continues to show strength. Hashrate remains near all-time highs at approximately 1.1 ZH/s, reinforcing network security and miner confidence. Whale ratio has trended lower, pointing to reduced sell-side pressure from large holders.

Liquidity dynamics also support a potential rebound. Over $10.7B in stablecoins has recently flowed into Binance, providing substantial dry powder for future accumulation. Realized cap data shows long-term holders trimming some profits, but importantly, incoming demand continues to absorb supply.

Overall, the pullback appears sentiment-driven rather than fundamental. On-chain signals suggest the broader uptrend remains intact — making this volatility a test of conviction, not the start of a structural reversal.

Key Support Under Pressure, Short-Term Trend Weakens

Bitcoin continues to trade under heavy pressure following its breakdown from the $110,000 range, slipping below the psychological $100,000 level before stabilizing near current support around $101,800. The 4-hour chart shows a clear transition into a lower-highs, lower-lows structure, confirming short-term bearish momentum.

Moving averages reinforce this weakness: price is trading below the 50-, 100-, and 200-period moving averages, signaling that bears remain in control.

The sharp impulse move down was met with a spike in volume, suggesting panic-driven selling rather than a slow, distribution-based decline. Since then, volume has normalized as price attempts to consolidate above the $100,000 region. This zone now serves as a pivotal demand area — a break below it could expose deeper downside toward $95,000–$98,000, where stronger historical liquidity sits.

Despite the selloff, Bitcoin is showing early signs of stabilization. The wick below $100K indicates buyers stepped in aggressively at that level, preventing further liquidation cascades. However, bulls need to reclaim the $105,000–$107,000 band to neutralize short-term downside pressure and signal a potential recovery.

For now, the trend remains fragile as market sentiment cools and traders reassess positioning. Price stability above $100K is critical — losing this range could trigger another wave of forced selling, while defending it may set the stage for a relief bounce.

Featured image from ChatGPT, chart from TradingView.com

The crypto market faced a violent downturn, with Ethereum breaking below the $3,100 level while Bitcoin lost the critical $100,000 mark, triggering widespread liquidation and fear-driven selling. Panic quickly rippled across the market, and sentiment flipped sharply bearish as traders rushed to reduce exposure, price targets vanished from social media, and risk assets saw a cascade of exits. In moments like these, emotions often outweigh fundamentals — and this week was a clear reminder of that dynamic.

However, even in periods of sharp fear, not all market participants behave the same. Some notable players have begun shifting their stance, hinting that strategic positioning may already be underway beneath the panic. Among them is the well-known Anti-CZ Whale — a trader who gained attention after aggressively shorting ASTER immediately following Changpeng Zhao’s public post announcing he bought ASTER. That trade paid off massively as ASTER surged briefly and then retraced sharply, delivering this whale tens of millions in unrealized profit.

Now, in a notable shift, this trader has flipped from shorting Ethereum to going long, signaling renewed conviction despite the market’s emotional breakdown. As fear peaks, sophisticated players may already be preparing for the next phase — raising the question: is this capitulation… or opportunity?

Whale Rotates Into ETH Long as Market Panic Peaks

According to Lookonchain, the well-known Anti-CZ Whale has executed a notable portfolio shift, flipping from shorting Ethereum to taking a long position worth 32,802 ETH (~$109 million). Now, the whale is maintaining a 58.27M ASTER short (~$59.7M), signaling conviction that ASTER’s weakness may continue despite recent volatility.

Alongside this, the whale holds a 1.99B kPEPE short (~$11.3M), a bet against speculative memecoin flows during uncertainty. Meanwhile, a small 130,566 DOGE long (~$21.5K) appears more symbolic than directional, likely serving as a hedge or sentiment gauge rather than a major conviction play.

The standout move is clearly the ETH long, signaling the whale views Ethereum’s drop below $3,100 as oversold rather than structurally bearish. Taking such a position during peak fear suggests an expectation of recovery once forced liquidations cool and liquidity stabilizes. While broader sentiment remains fragile, this shift implies sophisticated capital may already be positioning for an eventual rebound — reinforcing ETH’s role as a core asset even amid aggressive market stress.

ETH Price Technical Outlook: Testing Key Support as Panic Selling Eases

Ethereum is attempting to stabilize after a steep breakdown below the $3,500 region, with price now reacting around the $3,300 zone. This level aligns closely with the 200-day moving average (red line), making it a critical support area for bulls to defend. The recent candle structure shows heavy volatility and high sell-side volume, confirming panic-driven liquidations as the primary force behind the move — rather than a fundamental shift in trend.

The aggressive flush followed a series of lower highs throughout October, signaling weakening momentum before the breakdown. The 50-day and 100-day moving averages (blue and green) are trending down and currently overhead, adding pressure and reinforcing the short-term bearish structure. A recovery above the 50-day MA would be an early sign of strength, but Ethereum must reclaim the $3,500 zone to regain bullish control.

Volume has spiked dramatically, suggesting capitulation behavior — often near cycle pivot points. The wick near $3,150 hints that buyers stepped in aggressively at lows, consistent with accumulation dynamics observed among sophisticated traders. If ETH holds above the 200-day MA and builds a base here, it could set up a relief rally. A sustained break below $3,150, however, risks further downside toward $2,900 as liquidity pockets remain thin below current levels.

Featured image from ChatGPT, chart from TradingView.com

Aster has come under heavy selling pressure after an abrupt price spike triggered by Changpeng Zhao’s comment on Sunday, in which the Binance founder publicly stated he bought ASTER with his personal funds. The comment initially sent the token sharply higher as traders reacted to the endorsement, but the rally was short-lived. As broader market weakness intensified and Bitcoin and Ethereum led a widespread downturn, ASTER retraced aggressively, erasing most of its post-announcement gains.

The reversal has fueled speculation that speculative flows are unwinding just as risk appetite evaporates across crypto. Major assets are under pressure, with BTC losing key support zones and ETH sliding alongside broader altcoins, creating a challenging environment for any token attempting to sustain upside momentum.

At the same time, on-chain data from Lookonchain reveals a striking development: the Anti-CZ Whale — a trader who aggressively shorted ASTER immediately after CZ’s post — is now sitting on over $21 million in unrealized profit across two wallets.

The whale continued adding to their position as retail excitement peaked, and with the price now sharply lower, the trade is paying off dramatically. The dynamic underscores elevated volatility and uncertainty, reinforcing that market sentiment remains fragile despite isolated bullish triggers.

Whale Expands Winning Bet Across Majors as Market Stress Deepens

According to Lookonchain, the Anti-CZ Whale’s aggressive positioning extends far beyond Aster. The same trader who built a large ASTER short immediately after Changpeng Zhao’s post is also shorting DOGE, ETH, XRP, and PEPE — and every single position is currently in profit.

On Hyperliquid, his combined unrealized gains now sit close to $100 million, making this one of the cycle’s most profitable orchestrated short campaigns. The scale and accuracy of these trades highlight a sophisticated strategy targeting momentum shifts across major assets, not just isolated tokens reacting to social sentiment.

This development arrives at a fragile moment for the broader crypto market. Bitcoin has broken below key support zones, Ethereum continues to slide, and altcoins are selling off aggressively as liquidity withdraws and sentiment turns defensive. In this environment, leveraged traders and forced sellers are adding fuel to downside volatility, creating an environment where outsized short positions can thrive.

The whale’s gains underscore the market’s critical phase — a period where speculative excess is being flushed out and only disciplined positioning is rewarded. Whether this marks the prelude to a deeper capitulation or the final shakeout before recovery will depend on how quickly market demand returns to absorb selling pressure.

ASTER Price Analysis: Weak Structure Persists as Sellers Maintain Control

Aster continues to trade under heavy pressure, and the 8-hour chart reinforces a clear bearish structure despite brief spikes in volatility. Following CZ’s comment and the initial price reaction, ASTER saw a sharp spike higher, but that move quickly faded as sellers regained control. The token failed to break above the short-term moving average trend line, signaling that momentum remains firmly to the downside.

The rejection near the $1.20 region and the subsequent selloff back toward the $0.90 zone highlight how fragile bullish attempts currently are. Every bounce is being met with distribution, suggesting that short-term participants are using strength to exit rather than accumulate. Volume also confirms this narrative — the strongest bars appear on red candles, showing aggressive selling dominance.

The price is now hovering just above a key support area formed in late September. Losing this level could open the door for a deeper retrace toward the mid-$0.80 and potentially $0.70 support zones if market weakness persists. For ASTER to reclaim any bullish structure, it needs to recover above the 50-period moving average and establish higher lows — something it has failed to do for weeks.

Featured image from ChatGPT, chart from TradingView.com

Balancer, a major DeFi protocol, has suffered a significant exploit, with approximately $116 million drained from protocol vaults. On-chain data shows large, unusual outflows from Balancer’s “0xBA1…BF2C8” address to an external wallet, including 6,587 WETH (~$24.5M), 6,851 osETH (~$26.9M), and 4,260 wstETH (~$19.3M). The scale and nature of the transfers point to a coordinated attack involving high-value assets across multiple vaults.

Balancer has since confirmed the breach, stating that “around 7:48 AM UTC, an exploit affected Balancer V2 Composable Stable Pools.” According to the team, these pools have been live for several years, and some were outside the pause window, leaving them vulnerable. Pools that could be paused have been halted and are now in recovery mode, with the exploit confirmed to be isolated to V2 Composable Stable Pools. Balancer V3 and all other pools remain unaffected.

The protocol says it is working with leading security researchers and legal teams to investigate and will release a full post-mortem. Balancer also warned users about fraudulent communications circulating in the aftermath, emphasizing that official updates will only come through its verified X account and official Discord.

This incident marks one of the largest DeFi exploits of the year and has heightened security concerns across the sector.

Hacker Offloads Stolen Tokens Into ETH as Crypto Markets Face Broad Selloff

According to Lookonchain, the Balancer exploiter has begun swapping the stolen assets for ETH, accelerating concerns that the attacker intends to consolidate and move value quickly before defenses or recovery mechanisms can engage. Converting large amounts of liquid-staking tokens and wrapped assets into ETH not only solidifies the hacker’s control over the stolen funds but also signals an intent to exit positions entirely rather than negotiate or return funds — a troubling sign for victims and the protocol.

This development is unfolding during one of the sharpest pullbacks the market has seen in recent months. Ethereum has fallen below $3,500, a key psychological and technical level, while Bitcoin has broken under the $105,000 support, intensifying fears of deeper downside as liquidity thins and sentiment deteriorates. Altcoins, already under pressure from macro-driven derisking, are bleeding heavily, with capital rotation stalling and speculative flows evaporating.

For Balancer, the timing compounds the severity of the crisis. A major security breach during a fragile market period magnifies losses, erodes confidence, and increases the risk of liquidity dislocations. The DeFi ecosystem is now closely watching both the hacker’s next moves and Balancer’s recovery plan as the sector navigates heightened stress on both technical and sentiment fronts.

BAL Breaks Down Further As Market Selloff Drives Heavy Pressure

BAL has entered another phase of sustained weakness, with the weekly chart showing a clear downtrend that has now intensified following the confirmed exploit. After trading near the $1 region for months, the token has broken lower, currently hovering around $0.80 and showing a sharp weekly decline. The chart reflects heavy selling volume, suggesting that the security breach accelerated an already fragile market structure.

Technically, BAL remains below the 50-week and 200-week moving averages, reinforcing a long-term bearish trend with no immediate signs of reversal. Each attempt to establish support has been met with lower highs and breakdowns, indicating persistent distribution and a lack of sustained buyer interest. The recent spike in volume during the selloff confirms capitulation behavior rather than accumulation, as fear spreads across the DeFi sector.

Market sentiment around BAL has deteriorated further given the exploit’s timing. With Ethereum trading below $3,500, Bitcoin losing key support near $105,000, and altcoins bleeding across the board, risk appetite is at a low point. For BAL to show recovery signals, it would need to reclaim psychological support near $1 and stabilize volume flows. Until then, price action remains vulnerable, and further downside cannot be ruled out as confidence rebuilds slowly.

Featured image from ChatGPT, chart from TradingView.com