Market
Bitcoin (BTC) Whales Accumulate as Market Faces Uncertainty

Bitcoin (BTC) has been trading below the $90,000 mark since March 7, struggling to regain upward momentum amid shifting market sentiment.
Meanwhile, technical indicators such as the Ichimoku Cloud and EMA lines suggest the trend remains bearish, though a potential reversal is not off the table.
Bitcoin Whales Just Hit Its Highest Level In More Than 3 Months
The number of Bitcoin whales—wallets holding at least 1,000 BTC—has been steadily increasing in recent weeks. On March 22, there were 1,980 such addresses, and that figure has since climbed to 1,991.
While a change of 11 might seem modest at first glance, it represents a meaningful uptick in large-scale accumulation, especially considering this is the highest number of BTC whales recorded in over three months.

Tracking Bitcoin whales is critical because these large holders often have the power to influence price movements due to the sheer size of their positions. An increase in whale addresses can signal rising confidence among institutional investors and high-net-worth individuals.
When more whales accumulate rather than distribute, it often suggests bullish sentiment and reduced selling pressure.
With the current whale count hitting a multi-month high, it could imply that significant players are positioning ahead of a potential upward move in Bitcoin’s price.
BTC Ichimoku Cloud Shows Challenges Ahead
The Ichimoku Cloud chart for Bitcoin shows the price consolidating just below the Kijun-sen (red line) after a strong downward move.
The Tenkan-sen (blue line) remains below the Kijun-sen, indicating short-term bearish momentum. Price action is attempting to stabilize but has yet to show a decisive shift in trend.
The Lagging Span (green line) trails below both the price and the cloud, reinforcing a bearish outlook from a historical perspective.

The Kumo (cloud) ahead is bearish, with the Senkou Span A (green cloud boundary) positioned below the Senkou Span B (red cloud boundary), and the cloud itself projecting downward.
This suggests resistance overhead and limited bullish momentum unless price manages to break through the cloud decisively.
The thin structure of the current cloud, however, hints at possible vulnerability—if buyers step in with strength, there could be a window for a reversal.
But for now, the overall setup favors caution, as the prevailing trend remains bearish according to Ichimoku principles.
Can Bitcoin Rise To Test $88,000 Soon?
Bitcoin’s EMA lines continue to indicate a downtrend, with short-term moving averages positioned below the longer-term ones. This alignment suggests bearish momentum remains dominant for now.
However, if buyers can regain control and establish an uptrend, Bitcoin price may climb toward the next key resistance levels.
The first challenge would be the resistance near $85,124—if broken, this could open the path to $87,482 and potentially $88,839, assuming bullish momentum strengthens and sustains.

On the flip side, failure to build upward momentum would reinforce the current bearish structure.
In that case, Bitcoin could revisit the support level around $81,187.
A breakdown below this point would further validate the downtrend, potentially dragging the price down to $79,955.
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
Fake Gemini Bankruptcy Emails Target Users

Crypto scams are surging as more people flock to digital currencies, with fraudsters exploiting the industry’s rapid growth to deceive investors.
Recently, numerous crypto users reported receiving fraudulent emails claiming that the Gemini exchange had filed for bankruptcy. Meanwhile, Coinbase Exchange has admitted that an employee illegally accessed user account information.
Gemini Exchange Addresses Bankruptcy Allegations
Multiple accounts highlighted the scam on social media, indicating that an email circulating falsely claims that Gemini has filed for bankruptcy. The email instructed users to withdraw to an Exodus wallet and provided a seed phrase.
These phishing emails, shared on April 1, urged recipients to withdraw their funds into a specified crypto wallet to protect their assets. This was an attempt to deceive users into transferring their cryptocurrencies to wallets controlled by scammers.
“Do not follow these directions. Please retweet to protect those that may have been doxxed and sent this email,” wrote Jason Williams, a contributor to Fox Business.

The deceptive emails alleged a substantial loss of $1.2 billion by Gemini Exchange. Understandably, some novice investors would heed this email and even move their assets to the address. After all, some victims of FTX Exchange contagion continue to pursue their funds even years after the incident.
“I got one also. It is better than your typical ‘Coin Base’ one, but still not quite there. Might fool a boomer though,” one X user remarked.
However, security experts advise users to always verify information through official channels, avoid clicking on unsolicited links, and refrain from sharing personal data. Gemini issued an official warning in response to the scam, acknowledging the threat against its users.
“We recently learned that some Gemini customers are being targeted with scam emails requesting users to transfer their crypto to outside wallets. Please be aware that Gemini will never request that you send crypto to outside wallets,” the exchange articulated.
Coinbase Admits Employee Illegally Accessed User Account Data
Coinbase exchange acknowledged a privacy violation by one of its staff in a somewhat related development. Specifically, a customer service employee accessed user account information without authorization.
This breach has raised concerns about potential scams targeting Coinbase users. Mike Dudas, a crypto investor and co-founder at The Block, shared an email from Coinbase acknowledging the incident.
“That explains the fake Coinbase phishing emails and phone calls today,” he stated.

This breach coincides with reports of phishing attempts, as users have received fake emails and calls purporting to be from Coinbase. These incidents reflect a broader wave of crypto-related fraud.
Blockchain investigator ZachXBT reported that Coinbase users lost over $65 million to social engineering scams between December 2024 and January 2025.
“Coinbase did not detect it; I sent them the intel,” the blockchain investigated noted.
Additionally, crypto analyst Cobie suggested Kraken might be experiencing a similar issue. Per his post, a new attack may be budding, where attackers infiltrate customer service roles to exfiltrate data.
“Kraken also recently hit with this too. Maybe a new scheme from attackers (get a CS agent employee in, exfil data),” the analyst remarked.
Amidst these events, ZachXBT recently explained how to avoid crypto scams. He emphasizes the importance of conducting thorough research before engaging with new DeFi protocols, especially those forked from existing projects on newly launched EVM chains.
Additionally, he advises caution when dealing with projects with few credible followers, as these may indicate potential scams.
Therefore, it is imperative that users remain vigilant against sophisticated phishing scams and unauthorized data breaches.
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.
Market
XRP Price Struggles as Whale Selling Rises To $2.3 Billion

XRP has been on a consistent downtrend in recent days, with its price falling sharply and approaching the $2 mark. This has resulted in extended losses for the cryptocurrency, with a notable rise in selling pressure.
Despite the bearish momentum, key investors are trying to offset the negative impact.
XRP Whales Are Uncertain
Whale activity has been a major factor contributing to the recent decline in XRP’s price. Addresses holding between 100 million and 1 billion XRP have sold over 1.12 billion XRP, worth $2.34 billion, in the past seven days. This has brought their total holdings down to 8.98 billion XRP.
The selling activity from these whale addresses reflects a cautious outlook for XRP. While whale selling often indicates uncertainty in the market, it’s important to note that their behavior can also have significant short-term price movements. The recent heavy selling could signal that market participants are unsure about the short-term price action, and further bearish trends could follow if this continues.

On the broader market level, XRP’s macro momentum shows signs of divergence from the whale selling. The Liveliness metric, which tracks the behavior of long-term holders (LTHs), is currently declining.
A falling Liveliness typically signals that LTHs are accumulating more of the asset at lower prices rather than selling. This drop to a three-month low suggests that long-term holders are sticking to their conviction and accumulating XRP, even as whale selling intensifies.
The steady accumulation of LTHs might help cushion the bearish effects created by the whales. This behavior can counteract the selling pressure, potentially offering stability to XRP’s price and supporting a recovery if market conditions improve.

XRP Price Needs To Find Direction
XRP’s price has fallen by 14.5% this week, bringing it to $2.09, which is dangerously close to losing the critical $2.02 support level. The ongoing bearish momentum has created mixed signals in the market, which are likely to keep the price stuck in a narrow range for the time being.
If XRP can bounce back from the $2.02 support, it could recover some of the recent losses. However, the altcoin may remain consolidated below the $2.27 resistance level unless more positive news or market conditions arise to push it higher.

If XRP breaks through the $2.27 barrier or falls below $2.02, it could invalidate the current consolidation outlook. A successful breach of $2.27 could pave the way for a price recovery, with $2.56 being the next significant target.
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
Bitcoin Price Battles Key Hurdles—Is a Breakout Still Possible?

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Bitcoin price started another decline below the $83,500 zone. BTC is now consolidating and might struggle to recover above the $83,850 zone.
- Bitcoin started a fresh decline below the $83,200 support zone.
- The price is trading below $83,000 and the 100 hourly Simple moving average.
- There is a connecting bullish trend line forming with support at $82,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another decline if it stays below the $83,850 resistance zone.
Bitcoin Price Faces Resistance
Bitcoin price failed to start a recovery wave and remained below the $85,500 level. BTC started another decline and traded below the support area at $83,500. The bears gained strength for a move below the $82,500 support zone.
The price even declined below the $82,000 level. A low was formed at $81,320 before there was a recovery wave. There was a move above the $82,500 level, but the bears were active near $83,850. The price is now consolidating and there was a drop below the 50% Fib retracement level of the upward move from the $81,320 swing low to the $83,870 high.
Bitcoin price is now trading below $83,250 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $82,550 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $83,250 level. The first key resistance is near the $83,850 level.

The next key resistance could be $84,200. A close above the $84,200 resistance might send the price further higher. In the stated case, the price could rise and test the $84,800 resistance level. Any more gains might send the price toward the $85,000 level or even $85,500.
Another Decline In BTC?
If Bitcoin fails to rise above the $83,850 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,550 level. The first major support is near the $82,250 level and the 61.8% Fib retracement level of the upward move from the $81,320 swing low to the $83,870 high.
The next support is now near the $81,250 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $82,250, followed by $81,250.
Major Resistance Levels – $83,250 and $83,850.
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