Market
A Distant Threat or Imminent Reality?

On average, a crypto bear market lasts about a year, sometimes extending to two. This phase occurs when supply surpasses demand, causing prices to decline over an extended period.
One of the most severe bear markets unfolded in 2022. During this time, FTX, one of the largest crypto exchanges by trading volume, collapsed following a massive bank run. The downfall triggered a ripple effect, leading to the collapse of several hedge funds and lending protocols, marking a significant low point for the industry.
Bear Market Psychology Explained
Recently, there’s been talk about the crypto market heading back into a bear phase. Many cryptocurrencies have struggled since Bitcoin (BTC) hit $73,750 in March. The decline has raised concerns that the market might be entering another long period of falling prices.
The event, which surprisingly happened before the halving, sent shockwaves around the market. At that time, many suggested that crypto prices would hit higher highs.
However, this has not been the case. Instead, BTC’s price, alongside other cryptocurrencies, has either been consolidating, falling, or involved in false breakouts.
These factors, among others, have led some participants to suggest that the market might be heading into a bear phase. To evaluate this possibility, BeInCrypto examines the market cycle psychology chart for insights.
Read more: How To Make Money in a Bear Market

As seen above, this chart shows 14 different stages. For instance, the disbelief marks the end of the bear market when cryptos begin to move into the bull phase. There are also phases of thrill, anxiety, euphoria, or complacency.
From the look of things, the disbelief stage happened around the first quarter of 2023, when the Bitcoin price began to post gains consistently. Meanwhile, the “Thrill” period probably happened during the ETF approval earlier in January this year, as there were calls for people to double down on buying BTC.
Euphoria probably occurred in between March when BTC and many other altcoins and meme coins reached different heights. The cool-off in recent times may suggest that this cycle is between complacency and anxiety, which usually precedes a bear market.
Bitcoin Holders Say a Big No to the Downturn Despite ETH Issues
However, the periods of complacency and anxiety may have been false alarms. According to Glassnode, the Bitcoin Long-Term Holder Sell-side Risk Ratio offers a clue. This metric measures the level of profit-taking compared to past market cycles.
Currently, the ratio remains below the peak seen during the 2021 bull market, indicating that long-term Bitcoin holders are refraining from selling.

Actions like this suggest high conviction among long-term holders. With respect to this, the on-chain analytic platform explains that:
“An elevated percentage of Bitcoin network wealth is held by this investor cohort relative to previous cycle ATH breaks, which suggests there is a degree of investor patience on display, and waiting for higher prices.”
If this holds true, the bear market might not be imminent, and the cycle could still be in its bear phase. However, some market participants remain skeptical due to the underperformance of certain altcoins, particularly Ethereum (ETH).
In 2021, after Bitcoin reached its all-time high (ATH), ETH quickly followed suit and surpassed its previous peak. This time, however, the situation is different, even with the launch of spot Ethereum ETFs.
Currently, ETH trades at $2,657, marking a 45% drop from its ATH. Earlier, many market participants confidently predicted that the altcoin would reach between $8,000 and $10,000, but those expectations have yet to be realized.

Some of those optimistic predictions have faded as ETH continues to underperform, strengthening the belief that a bear market is approaching. However, it’s important to recognize that top cryptocurrencies, including BTC and ETH, recently underwent a period of distribution, which contributed to the recent price correction.
Bears Are Still Lurking for a Crypto Winter
Market participants might also worry that crypto whales have slowed down on buying BTC. However, these pauses are typical during a bull cycle. Despite this, caution is advised, as indicated by the Net Unrealized Profit/Loss (NUPL).
The NUPL measures whether investors are in profit or loss. When the reading increases, it shows that more investors are seeing higher profits. Conversely, a decrease signals declining gains.
This metric also helps determine whether the market has entered a bear phase. An increase points to a stronger bull cycle, while a significant decrease raises the likelihood of a bear market.
Read more: Bitcoin Halving History: Everything You Need To Know

At press time, Bitcoin’s NUPL stands at 0.46. In July, a similar drop in this range led BTC’s price to decline to $55,857. The last time the indicator hit this level, Bitcoin’s price fell to $42,576.
This makes the current reading a critical point for the market. If the NUPL continues to decrease and reaches 0.40 or lower, bears could take control. According to Grizzly, a pseudonymous analyst on CryptoQuant, if that happens, BTC could potentially drop to $40,000.
“If the index continues its downward movement, it’s reasonable to anticipate that the bears could take full control of the market. In such a scenario, the price could drop to around $40,000,” Grizzly wrote in his analysis.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price Reversal Toward $3.5 In The Works With Short And Long-Term Targets Revealed

Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
The XRP price is showing signs of a strong bullish reversal, with a crypto analyst predicting a potential rebound toward $3.5 and even higher. After experiencing significant volatility and undergoing a consolidation due to recent price declines, technical indicators now show support for XRP’s bullish outlook. As a result, the analyst has provided a short—and long-term price target for the cryptocurrency.
XRP Price Projected To Reverse To $3.5
According to ‘Setupsfx’, a crypto analyst on TradingView, XRP is now in a bullish reversal phase, meaning its price is expected to break out of its recent downturn and rise to new highs. Based on the expert’s chart analysis of XRP, the cryptocurrency is predicted to see an explosive increase to $3.5 following the end of its consolidation phase.
Related Reading
The chart indicates that the price of XRP is expected to rise to $3.5 in the coming months. However, from a fundamental analysis perspective, the analyst believes XRP is not limited to this bullish price target and could potentially surpass it to exceed current all-time highs of $3.84.

While the TradingView expert’s analysis of XRP maintains a neutral stance, implying uncertainty in the trend, he has also emphasized the cryptocurrency’s strong potential for growth. Hence, XRP could experience significant upward movement if market conditions align favorably and investor sentiment and confidence strengthen.
For his short-term price target, the crypto analyst forecasts that XRP could rally to a level above $3.5. He advises traders who intend to hold their positions for a short period to aim for this price level, as it could be a strategic exit point before a potential pullback.
Notably, the analyst’s long-term price target for XRP has been set at $4.0 or higher. Considering XRP’s price is currently trading at $2.09, a surge to $4 would represent an almost 100% increase in its price.
Technical Elements Supporting Bullish Reversal
In his chart analysis, Setupsfx highlights XRP’s price action in a 12-hour time frame, showcasing key movements, trends, and technical elements that support his bullish projection. These elements include liquidity and IMB zones, which are areas where price action is expected due to pending orders.
Related Reading
The analyst also highlights an accumulation phase, as XRP has been consolidating at lower levels, signaling the possibility of a potential breakout. The appearance of strong low wicks further indicates that buyers are regaining control of the market.
Finally, the TradingView analyst has indicated that the altcoin has already undergone a three-point trendline rejection, which means it has tested and rejected a resistance level multiple times. The expert’s price chart also provides an ideal entry point for both short and long-term traders, marked at $1.8. A stop loss has also been placed significantly lower around $1.2 to minimize potential losses.
Featured image from iStock, chart from Tradingview.com
Market
BNB Price Faces More Downside—Can Bulls Step In?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Market
VanEck Sets Stage for BNB ETF with Official Trust Filing

Global investment management firm VanEck has officially registered a statutory trust in Delaware for Binance’s BNB (BNB) exchange-traded fund (ETF).
This move marks the first attempt to launch a spot BNB ETF in the United States. It could potentially open new avenues for institutional and retail investors to gain exposure to the asset through a regulated investment vehicle.
VanEck Moves Forward with BNB ETF
The trust was registered on March 31 under the name “VanEck BNB ETF” with filing number 10148820. It was recorded on Delaware’s official state website.

The proposed BNB ETF would track the price of BNB. It is the native cryptocurrency of the BNB Chain ecosystem, developed by the cryptocurrency exchange Binance.
As per the latest data, BNB ranks as the fifth-largest cryptocurrency by market capitalization at $87.1 billion. Despite its significant market position, both BNB’s price and the broader cryptocurrency market have faced some challenges recently.
Over the past month, the altcoin’s value has declined 2.2%. At the time of writing, BNB was trading at $598. This represented a 1.7% dip in the last 24 hours, according to data from BeInCrypto.

While the trust filing hasn’t yet led to a price uptick, the community remains optimistic about the prospects of BNB, especially with this new development.
“Send BNB to the moon now,” an analyst posted on X (formerly Twitter).
The filing comes just weeks after VanEck made a similar move for Avalanche (AVAX). On March 10, VanEck registered a trust for an AVAX-focused ETF.
This was quickly followed by the filing of an S-1 registration statement with the US Securities and Exchange Commission (SEC). Given this precedent, a similar S-1 filing for a BNB ETF could follow soon.
“A big step toward bringing BNB to US institutional investors!” another analyst wrote.
Meanwhile, the industry has seen an influx of crypto fund applications at the SEC following the election of a pro-crypto administration. In fact, a recent survey revealed that 71% of ETF investors are bullish on crypto and plan to increase their allocations to cryptocurrency ETFs in the next 12 months.
“Three-quarters of allocators expect to increase their investment in cryptocurrency-focused ETFs over the next 12 months, with demand highest in Asia (80%), and the US (76%), in contrast to Europe (59%),” the survey revealed.
This growing interest in crypto ETFs could drive further demand for assets like BNB, making the VanEck BNB ETF a potentially significant product in the market.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
-
Market23 hours ago
Bitcoin Price Bounces Back—Can It Finally Break Resistance?
-
Market18 hours ago
BNB Price Faces More Downside—Can Bulls Step In?
-
Altcoin20 hours ago
Pi Network Faces Community Backlash, Is Pi Coin Price Heading to Zero?
-
Market19 hours ago
VanEck Sets Stage for BNB ETF with Official Trust Filing
-
Altcoin23 hours ago
Tether Expands Bitcoin Reserves with 8,888 BTC Buy—What’s the Plan?
-
Market22 hours ago
Ethereum Price Approaches Resistance—Will It Smash Through?
-
Altcoin22 hours ago
Will BNB Price Rally to ATH After VanEck BNB ETF Filing?
-
Regulation13 hours ago
Kraken Obtains Restricted Dealer Registration in Canada