Cryptonews

The sharp reversal reflects rising supply pressure, expiring lockups, and a shifting stablecoin market, all while major institutions turn increasingly bullish on Circle’s long-term moat.

Circle Internet Group (NYSE: CRCL), that modern-day Raskolnikov of fintech, posted results for Q3 2025 that would make a monk faint. Behold, dear reader, as USDC circulation-that sly serpent-soared 108% to $73.7 billion, a number so staggering it could only exist in a fever dream.

According to Glassnode, the analytics firm that loves to dig deep into the blockchain’s soul, Bitcoin’s long-term holders (LTHs) are finally starting to let go of their beloved coins. These are the brave souls who have kept their Bitcoin for over 155 days without so much as a single transaction. Statistically speaking, the longer you hold, the less likely you are to sell, which is why these guys are usually the immovable rock in a sea of volatile waves.

There she sits, BTC, perched between 97K and 98K, like a weary traveler eyeing a mirage that once shimmered at 107K. The EMAs droop like a sad hound’s ears, and the momentum indicators? Well, they’re about as bullish as a skunk at a picnic. Yet, the Spot Bitcoin ETF AUM clings to its 139B like a barnacle on a shipwreck, though recent outflows whisper of profit-takers cashing in their chips. Futures open interest? Still puffed up like a toad in a rainstorm, though CME traders are tiptoeing away while offshore platforms keep the leverage party going. It’s a tug-of-war between greed and fear, and fear’s got the upper hand-for now. 🌪️

Thursday dawned, and the XRP ETF, a creature born from the DNA of dreams and despair, began trading on Nasdaq like a caffeinated lemming. 🚀 Bankers, institutional and otherwise, nodded solemnly as the last regulatory wolves retreated-or perhaps simply yawned. The gods of paperwork had, for once, granted mercy.

Speaking after the milestone, Canary Capital Founder and CEO Steven McClurg discussed what the XRP ETF means for investors, how demand may evolve, and what realistic long-term price targets look like. 🤝

Apparently, the traders betting on a surge – those high-flying bulls – found their dreams dashed quicker than a glass of cheap whiskey at midnight. Data from Coinglass shows a mighty $9.09 million in long positions vanished in the last four hours-or as I like to call it, a “market magic trick” where your money disappears faster than a magician’s rabbit.

XRPC, the new sheriff in town, wrangled $26 million in trading volume within the first 30 minutes of its launch, according to senior Bloomberg ETF analyst Eric Balchunas. His partner in crime, James Seyffart, chimed in with a grin:

According to CoinDesk Research (which is always so cheerful during a market crash), Solana had a pretty spectacular Wednesday. It plunged 5.24%, hitting $145.43, wiping out all the gains from the previous week like they never happened. And just to make sure no one missed it, trading volume skyrocketed 13.23% over the weekly average. Oh joy, nothing says “crash” like institutional selling taking the wheel.

Midweek drama! Bitcoin and ether ETFs went full soap opera villain this week, bleeding $462 million after Tuesday’s “hope you bought the dip” hype. But guess who’s strutting through the chaos like a peacock in a dumpster fire? Solana. 🦚✨