Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower

Ethereum  Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower  The post Ethereum Price Outlook: Why Whale Selling and ETF Outflows Could Drag ETH Lower appeared first on Coinpedia Fintech News  Ethereum price action is beginning to flash fresh warning signs as a combination of whale selling, ETF outflows, and weakening price structure raises concerns over its near-term outlook. As volatility returns and confidence starts to weaken around key levels, traders are increasingly watching whether this shift reflects a temporary cooldown, or something more meaningful.  That focus is now turning toward why whale selling and ETF outflows could drag ETH price lower, and whether Ethereum is at risk of losing another major support zone.  Whale Selling Raises Questions Over Ethereum Conviction  One of the more notable warning signs for Ethereum comes from the behavior of large holders. Recent market data suggests that more than 60 whale wallets holding over 10,000 ETH have either significantly reduced exposure or fully exited positions over recent weeks. Whale movements are closely watched because large holders often react early to changing market conditions, particularly during periods of uncertainty.  While whale exits do not always signal panic selling, a decline in high-value holders during periods of weakening momentum often

05-21

Bitcoin price holds $77K – Can fading spot demand stall BTCs rally?

Bitcoins [$BTC] latest recovery revealed a widening split between rising blockchain activity and weakening U.S. spot-market conviction. Earlier rallies often strengthened as Coinbase demand rose alongside broader ecosystem participation and institutional accumulation.  More recently, however, Coinbase Premium weakened to negative $66.8 even with Bitcoin near $77,200. Before May, the premium had only dipped to negative $62.6 while Bitcoin traded closer to $68,000.  Source: CryptoQuant  That divergence suggested offshore demand on Binance continued outpacing U.S.-based buying pressure despite higher prices. Base network revenue also climbed to near roughly $972,000, surpassing late-March levels near $917,000 due to stronger blockchain usage.  Source: CryptoQuant  That imbalance implied Bitcoins rally still lacks broad organic spot participation, potentially leaving momentum vulnerable if offshore liquidity and derivatives demand begin weakening further.  Bitcoin demand growth collapses   Bitcoins broader recovery weakened once total demand sharply reversed beneath the neutral zero region during May. Earlier momentum had already pushed demand growth above 150,000 $BTC before rapidly collapsing toward negative territory again.  The reversal mattered because similar demand breakdowns previously aligned with sharp Bitcoin pullbacks from roughly $120,000 toward lower support regions.  Price also stabilized near the broader $77,000 zone while total demand continued falling, reinforcing weakening participation beneath the recovery structure. Futures-driven momentum initially fueled upside expansion through

05-21

Coinbase expands branded stablecoin infrastructure business with Flipcash USDF launch

Coinbase launched $USDF with Flipcash, a Solana-based stablecoin backed 1:1 by Circles USD Coin, as the crypto exchange expands its infrastructure business for companies issuing branded digital currencies.  According to Wednesdays announcement, $USDF is designed to serve as the settlement asset for currencies created on Flipcash, a platform where users can launch fixed-supply digital currencies priced and transacted in the stablecoin. Flipcash said the token is intended to function as the primary dollar asset within its app.  In December, Coinbase launched its white-label stablecoin issuance service for companies seeking branded digital dollar products without managing their own reserve, custody or settlement infrastructure. The platform includes fiat onramps, wallet services and $USDC ($USDC) reserve backing. It previously identified Solflare, R2 and Flipcash among companies exploring launches using the system.  Flipcash said it selected Coinbases platform because it provided $USDC-backed reserves, onchain settlement infrastructure and integrated fiat access through a single service.  According to DefiLlama data, $USDC is the worlds second-largest stablecoin by market capitalization, with roughly $77 billion in circulation.  Source: DefiLlama  Related: Trump filing discloses Coinbase, Strategy crypto-linked exposure in Q1  Stablecoin infrastructure providers expand white-label issuance services  The launch comes as stablecoin issuers and crypto infrastructure providers increasingly offer white-label services that allow businesses to launch branded

05-21

HYPE breaks $50 barrier on rising appetite for on-chain markets

Hyperliquids token $HYPE climbed above $50 for the first time since October 2025. The asset erased all losses, signaling the growing importance of Hyperliquid in the crypto ecosystem.  $HYPE broke out in the past week, extending its gains above $45. The $50 range was closely watched, as the asset found support based on active Hyperliquid usage.  $HYPE traded at $50.62, up by 4.7% in the past day. The rally accelerated during US open hours, as $HYPE established itself as one of the days trending tokens. Over 71% of whales on Hyperliquid are long on $HYPE, though one whale has built a $75M short position.  For the past week, $HYPE rose by over 29%, and is up by over 80% for the past 90 days. The token is in the top 15 of the most active crypto assets, though it stands out for stronger fundamentals, rather than short-term hype.  $HYPE may rise as high as $52 in a short squeeze move, or drop to the $46 range to liquidate the accumulated long positions. $HYPE open interest is at a six-month peak of $1.95B, of which $1.2B is on the Hyperliquid platform, securing concentrated liquidity and potential momentum.  Why is $HYPE rising?  $HYPE has gained multiple sources of

05-21

Kraken and Coinbase User Loses $6.7M in Crypto Theft as Funds Move Through Tornado Cash

A crypto user has lost around $6.7 million in digital assets after attackers drained funds from accounts linked to both Kraken and Coinbase.  The incident, highlighted by Wu Blockchain, showed large withdrawals of $ETH, $BTC, and cbBTC from the victims exchange accounts.  Key PointsA Kraken and Coinbase user lost $6.7M after hackers drained $ETH, $BTC, and cbBTC from exchange accounts.On-chain analyst Specter tracked the stolen assets to wallets linked to fast-moving laundering transactions.Attackers allegedly moved about $5.3M through Tornado Cash shortly after the theft.The incident adds to growing concerns over phishing, malware, and targeted attacks on crypto holders.  Millions Drained From Kraken and Coinbase Accounts  According to Specter, the victims Kraken account saw withdrawals totaling 1,554 $ETH worth about $3.3 million, alongside 10.5 $BTC. At the same time, attackers withdrew 34.1 cbBTC worth roughly $2.6 million from Coinbase.  The stolen funds were traced to the following wallet addresses:Ethereum address: 0xd…79982ABitcoin address: bc1…6nqv3  Initial reports suggested the theft may have resulted from a physical attack targeting the account holder. However, Specter later updated the assessment, stating the incident likely did not involve physical coercion.  $5.3 Million Allegedly Laundered Through Tornado Cash  Blockchain analysis showed that the attackers quickly moved a significant portion of the stolen assets through Tornado Cash,

05-21

Fairshake PACs $20M backing pays off in three US state primaries

Political action committees (PACs) aligned with and funded by the cryptocurrency industry notched a series of wins in three US state primaries on Tuesday, potentially setting a precedent for the 2026 midterm elections.  The Fairshake PAC and its affiliates poured a combined $20 million into supportive media for the races. The committee, largely funded by crypto companies Ripple Labs and Coinbase, is behind the Defend American Jobs PAC in supporting Republican candidates and Protect Progress PAC for Democrats considered to be “pro-crypto.”  Four Republican candidates and one Democrat won their respective primaries for US Senate and House of Representatives seats in Georgia and Kentucky, while one Alabama Republican will go to a runoff election.  “Fairshakes 6-0 sweep tonight was a clear victory for pro-crypto leaders across the country,” Fairshake spokesperson Geoff Vetter told Cointelegraph. He said:  “This powerful bipartisan mandate is being heard across America from Georgia to Alabama to Kentucky.”  According to Federal Election Commission filings, Protect Progress spent more than $4.2 million to support Jasmine Clark, a Georgia representative running in the state‘s 13th Congressional district. Defend American Jobs reported similar expenditures for media to support Republican candidates: $455,000 for Clay Fuller in Georgia’s 14th district, $709,000 for Houston Gaines in Georgia‘s 10th

05-21

500 Dormant Bitcoin Move After 12 Years as Early Investors React to Post-Quantum Risks

Analyst CryptoQuant Maartunn detected a major on-chain transaction in which 500 $BTC, which had remained completely dormant for more than 10 years, were moved to a new address for the first time. On the Spent Output Age Bands chart for 10-year-old Bitcoin, this activity appeared as an isolated green spike.  The transfer of such an old wallet coincided with the release of major research and news in the quantum technology sector, namely Glassnodes report on Bitcoins quantum security. According to analysts, 30.2% (6.04 million $BTC) of the total market supply is already potentially vulnerable to future quantum attacks.  500 $BTC that hadnt moved in 10 years just moved.  Is the quantum threat forcing whales to act?  The vulnerability is tied to exposed public keys on addresses from the Satoshi Nakamoto era and poor wallet hygiene, including address reuse and custodial storage practices. A quantum computer could hypothetically derive a private key only where the public key has already been exposed on-chain.  Exchanges account for around 1.66 million $BTC within this risk category. Approximately 5% of Coinbase-held $BTC is considered vulnerable, compared to around 85% for Binance and nearly 100% for Bitfinex.  Operationally Unsafe Bitcoin by Entity, Source: Glassnode  At the same time, the computing industry is demonstrating

05-21

Nearly 10% of Bitcoin supply is ‘structurally unsafe’ from quantum breakthrough: Glassnode

Nearly 10% of the total Bitcoin supply is considered “structurally unsafe” due to a quantum computing breakthrough, as their output type reveals the public key by design, regardless of address management practices, according to data analytics platform Glassnode.  Totaling about 1.92 million Bitcoin ($BTC), the group includes $BTC from early Satoshi-era Pay-to-Public-Key (P2PK) outputs, legacy multi-sig structures such as Pay-to-Multisig (P2MS) and modern Pay-to-Taproot (P2TR) outputs, which reveal the public key or public key-equivalent by design, wrote Glassnode in a Wednesday X post.  Bitcoin creator Satoshi Nakamotos coins represent about 1.1 million or 5.5% of the vulnerable supply, following another 620,000 Satoshi-era coins or 3.1% of the supply and about 200,000 coins or 1% of the supply in Taproot addresses.  Choosing how to implement PQC [post-quantum cryptography] and deploy it on-chain should remain decoupled from the question of what to do about coins that remain quantum vulnerable. Yet the two matters often are conflated, the controversy around the latter often clouding discussions of the former - ARK Invest  The findings underscore the need to implement a quantum-proof path for Bitcoin, such as the adoption of BIP-360s proposed Pay-to-Merkle-Root (P2MR) output type, which seeks to remove Taproots quantum-vulnerable key path spend, though it does not

05-21

Algorand price forecast: is ALGO’s Robinhood rally a bounce or reversal?

Algorand (ALGO) jumped 5% after Robinhood listed it for US users.Algorands price has stayed between $0.1092 and $0.1173 with no breakout.Weekly trend is still down 6.8% despite the short-term rally.  Algorand has recorded a sharp burst of activity following its addition to Robinhoods crypto trading platform, including availability for users in New York.  At the time of writing, Algorands ALGO coin was trading near $0.1149, showing a 24-hour gain of about 5%.  Robinhood listing triggers short-term momentum  The listing on Robinhood marks a notable distribution shift for Algorand.  The listing on Robinhood gives access to a large base of retail users, and historically, new listings on major retail brokerages tend to attract immediate trading interest.  In this case, the move was preceded by a wave of market commentary highlighting the possibility of Robinhood adding ALGO.  During that period, Algorand recorded intraday gains in the range of 5% to over 7%, depending on the timeframe used across different market trackers.  Once the listing was confirmed, trading activity increased further, with daily volume reaching approximately $58.9 million according to data from Coingecko.  This spike in activity coincided with heightened attention from retail traders reacting to the expanded accessibility of the token.  Price structure still shows resistance to a sustained breakout  Even with the

05-21

Ethereum Price Prediction: ETH Holds $2,100 as Whales Exit

Ethereum is holding the lower edge of its green Gaussian Channel, keeping the short-term bounce setup alive near $2,100. However, whale count data shows large ETH holders have been leaving or consolidating positions, putting the $2,000 support level back in focus.  Ethereum Price Backtests Green Gaussian Channel as $2,100 Support Holds  Ethereum is backtesting the green Gaussian Channel on the daily Bitstamp chart shared by Sky on X, with price holding near the lower channel area for several sessions.  The ETH/USD chart shows Ethereum trading near $2,110 after pulling back from the recent range near $2,370. The latest candles sit close to the lower edge of the green Gaussian Channel, where the analyst marked a possible support reaction.  ETH/USD Daily Gaussian Channel Chart. Source:  The channel had already flipped from purple to green. That matters because the previous purple phase showed weaker trend conditions, while the green phase points to a possible recovery setup.  However, ETH still needs to hold the current support area. The chart shows the lower channel band near $2,102, while price remains only slightly above it.  A daily close below this zone would weaken the backtest and could bring the lower range near $2,025 back into focus.  If Ethereum holds the channel, the first

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