Market
Has Bitcoin Lost Its Safe Haven Status to Gold and S&P 500?

Traditional assets, including gold and the S&P 500, have reached new all-time highs. In contrast, Bitcoin (BTC) has decoupled and continued its underwhelming performance, which has lasted almost six months.
As a result, investors are questioning whether cryptocurrency still serves as a hedge against inflation compared to traditional assets. This on-chain analysis explores in detail whether BTC will continue to lag behind or if its status as a safe haven remains intact.
Bitcoin Falls Behind Gold, Others
Bitcoin’s price is $58,166, down 21% from its all-time high in March. Gold, on the other hand, has recently reached a new all-time high, with its value at $2,564. The famous S&P 500 also did the same while surpassing $5,650, with Silver on the verge of doing the same.
Based on BeInCrypto’s findings, this surge is attributable to the positive US CPI report released earlier this week. Meanwhile, the disparity between BTC and these traditional assets is similar to the situation the cryptocurrency experienced in May 2021.
During that period, Bitcoin’s price dropped by 36%. The current condition is also similar to the performance in November 2021, when the coin reached the top of the last bull market.
Regarding this matter, CryptoQuant, in its weekly report, explained that investors seem to lean toward less risky assets.
“A period of negative correlation between Bitcoin and Gold, with Gold increasing and Bitcoin decreasing, typically signals a risk-averse environment where investors favor traditional safe-haven assets like Gold over speculative assets like Bitcoin,” the report highlighted.

Following these milestones, Bitcoin might continue to be in a largely bearish phase. One reason for this bias is the current status of the Bull/Bear Cycle. This momentum metric measures the difference between the profit and loss index and the coin’s 365-day moving average.
When the metric is above zero, it’s a bull cycle. A reading below zero, on the other hand, indicates a bear market. As of this writing, the Bull/Bear Cycle indicator has fallen below the threshold, suggesting that Bitcoin’s price might have entered a bear mode.
Read more: Who Owns the Most Bitcoin in 2024?

BTC Price in Danger Unless Fresh Capital Enters the Market
Another metric supporting this bearish bias is the 365-day Market Value to Realized Value (MVRV) ratio. This ratio shows how far or close Bitcoin’s price is from the Realized Price, the average price at which every coin holder purchased the cryptocurrency.
High values of the MVRV ratio indicate overvaluation. Low values, on the flip side, suggest undervaluation.
According to Santiment, Bitcoin’s 365-day MVRV ratio is less than 1%, indicating that the cryptocurrency could be subject to bearish forces. As seen in the chart below, once BTC slides to the negative territory, it becomes challenging to return to the upside.
Therefore, if the ratio eventually drops below the green region, Bitcoin’s price might drop to $45,000, and this bull cycle might finally transition to the bear cycle.

In addition, the Long-Term Holder (LTH) Spent Output Profit Ratio (SOPR) has been declining since July. An increase in LTH-SOPR indicates that holders are selling at a higher profit, making it easier for BTC to attract fresh demand.
The ongoing decline, in turn, suggests that long-term holders are selling at lower profits. This could make it difficult for Bitcoin to generate the higher demand necessary to drive a price increase.
Read more: 7 Best Crypto Exchanges in the USA for Bitcoin (BTC) Trading

However, Bitcoin could start climbing toward its all-time high if profits from traditional assets flow into BTC and other cryptocurrencies.
At the moment, Bitcoin is seeing a growing wave of positive sentiment, which is tied to the recent milestones achieved by gold and other assets. According to Santiment, a significant level of doubt may be necessary for BTC to make a strong push toward its all-time high.
“When the crowd begins conveying doubt again, BTC will truly begin testing its March all-time high market values,” the on-chain analytics platform said on X.
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
Cardano (ADA) Whales Hit 2-Year Low as Key Support Retested

Cardano (ADA) is facing mounting pressure as its price corrects by 10% over the past seven days, continuing a broader downtrend that has kept it trading below the $1 mark for nearly a month. With technical indicators flashing warning signs and large holders exiting their positions, concerns around ADA’s short-term stability are growing.
The recent rejection at higher resistance levels and a strong directional trend signal suggest that bearish momentum is far from over. As the $0.64 support level is tested once again, ADA’s next move could determine whether a rebound is possible—or if further downside is ahead.
Cardano ADX Shows The Downtrend Is Very Strong
Cardano’s Average Directional Index (ADX) is currently at 40.19, rising sharply from 15.83 just four days ago. This steep increase suggests a rapid strengthening in the trend’s momentum.
Given that ADA is currently in a downtrend, the rising ADX indicates that bearish momentum is intensifying and the current downward move is gaining traction.

The ADX is a trend strength indicator that measures how strong a trend is, regardless of its direction. It ranges from 0 to 100, with readings below 20 typically indicating a weak or non-existent trend, while values above 25 suggest a strong trend is in place.
Cardano’s ADX climbing above 40 confirms that the current downtrend is active and becoming stronger. If this trend continues, it may point to further downside pressure unless a shift in momentum begins to build from the bulls.
ADA Whales Dropped To Their Lowest Level Since February 2023
The number of Cardano whales—wallets holding between 1 million and 10 million ADA—has dropped to 2,406, down from 2,421 just four days ago.
This decline brings the whale count to its lowest level since February 2023, marking a potentially meaningful shift in large-holder behavior. These movements are worth paying attention to, as changes in whale holdings often precede broader market trends.
Tracking whales is important because these large holders can significantly influence price action through their buying or selling decisions. A decline in whale numbers can signal reduced confidence or capital rotation into other assets.

In Cardano’s case, the drop suggests that some major players may be exiting or reducing exposure, which could add downward pressure to ADA’s price.
If this trend continues, it could weaken investor sentiment and make it harder for ADA to recover in the short term.
Can Cardano Sustain The $0.64 Support Again?
Cardano price recently tested the support level at $0.64 and managed to hold, showing that buyers are still defending that zone. This support has become a key line in the sand for ADA’s short-term outlook.
If the current downtrend is reversed and bullish momentum picks up, the next upside target would be the resistance at $0.69. A breakout above that level could open the door for a push toward $0.77.

Should the rally continue with strength, ADA could aim for $1.02—marking a return above the $1 level for the first time since early March.
However, the $0.64 support remains a critical level to watch. If Cardano tests it again and fails to hold, it could indicate weakening buyer conviction.
A breakdown below $0.64 would likely send ADA toward the next support at $0.58. This would confirm a continuation of the downtrend and possibly trigger further selling pressure.
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
This is Why PumpSwap Brings Pump.fun To the Next Level

Since launching PumpSwap, token launchpad Pump.fun has resumed its position as a top-level protocol by fees and revenue. It saw over $2.62 billion in volume in less than two weeks, signifying high market interest.
Nonetheless, the meme coin sector as a whole has been more volatile than usual lately. PumpSwap is an attractive new option, but it still needs to stand the test of time.
Pump.fun Surges with PumpSwap
Pump.fun, a prominent meme coin creation platform, recently suffered some difficulties in the market. Facing lawsuits and criticism from the industry, the platform’s revenue had been declining in 2025. However, since launching PumpSwap, Pump.fun’s income has rebounded, making it one of the largest protocols by fees and revenue.

PumpSwap is a decentralized exchange on Solana’s blockchain, and it has grown very quickly since its launch less than two weeks ago. It has already managed over $2.62 billion in trade volume, although its daily volume fell over the weekend. Pump.fun’s cofounder spoke highly about PumpSwap, calling it a “crucial step that will help grow the ecosystem.”

Pump.fun’s overall revenues were declining before it launched PumpSwap, and they have since jumped back up. However, it’s important to not overstate the new exchange’s success. The exchange’s total fees collected have skyrocketed compared to Pump.fun, but the actual revenue growth has been comparatively small.

Still, these low fees also have significant advantages. Demand seems to be drying up in the meme coin sector, but Pump.fun faces stiff competition in the form of firms like Raydium, using low fees as a competitive edge. It has also promised things like revenue sharing with token creators to promote ecosystem growth.
Ultimately, the meme coin market as a whole is full of uncertainty. PumpSwap has been able to keep Pump.fun competitive as a top-level platform in this space, giving it a welcome reprieve. The real challenge will come in determining long-term viability.
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
Hedera (HBAR) Bears Dominate, HBAR Eyes Key $0.15 Level

Hedera (HBAR) is under pressure, down roughly 13.5% over the past seven days, with its market cap holding at around $7 billion. Recent technical signals point to growing bearish momentum, with both trend and momentum indicators leaning heavily negative.
The price has been hovering near a critical support zone, raising the risk of a breakdown below $0.15 for the first time in months. Unless bulls regain control soon, HBAR could face further losses before any meaningful recovery attempt.
HBAR BBTrend Has Been Turning Heavily Down Since Yesterday
Hedera’s BBTrend indicator has dropped sharply to -10.1, falling from 2.59 just a day ago. This rapid decline signals a strong shift in momentum and suggests that HBAR is experiencing an aggressive downside move.
Such a steep drop often reflects a sudden increase in selling pressure, which can quickly change the asset’s short-term outlook.
The BBTrend, or Bollinger Band Trend, measures the strength and direction of a trend using the position of price relative to the Bollinger Bands. Positive values generally indicate bullish momentum, while negative values point to bearish momentum.

The further the value is from zero, the stronger the trend. HBAR’s BBTrend is now at -10.1, signaling strong bearish momentum.
This suggests that the price is trending lower and doing so with increasing strength, which could lead to further downside unless buyers step in to slow the momentum.
Hedera Ichimoku Cloud Paints a Bearish Picture
Hedera’s Ichimoku Cloud chart reflects a strong bearish structure, with the price action positioned well below both the blue conversion line (Tenkan-sen) and the red baseline (Kijun-sen).
This setup indicates that short-term momentum is clearly aligned with the longer-term downtrend.
The price has consistently failed to break above these dynamic resistance levels, signaling continued seller dominance.

The future cloud is also red and trending downward, suggesting that bearish pressure is expected to persist in the near term.
The span between the Senkou Span A and B lines remains wide, reinforcing the strength of the downtrend. For any potential reversal to gain credibility, HBAR would first need to challenge and break above the Tenkan-sen and Kijun-sen, and eventually push into or above the cloud.
Until then, the current Ichimoku configuration supports a continuation of the bearish outlook.
Can Hedera Fall Below $0.15 Soon?
Hedera price has been hovering around the $0.16 level and is approaching a key support at $0.156.
If this support fails to hold, it could open the door for further downside, potentially pushing HBAR below the $0.15 mark for the first time since November 2024.

However, if HBAR manages to reverse its current trajectory and regain bullish momentum, the first target to watch is the resistance at $0.179.
A breakout above that level could lead to a stronger rally toward $0.20 and, if momentum continues, even reach $0.215. In a more extended bullish scenario, HBAR could climb to $0.25, signaling a full recovery and trend reversal.
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.
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