Crypto Queen Rabi

Tether’s USDT handled $156 billion in payments of $1,000 or less in 2025, according to figures shared by CEO Paolo Ardoino using data from Chainalysis and Artemis.
The number sheds light on a dimension of crypto adoption that often goes unnoticed—everyday transactional use rather than price movements or ETF inflows.
USDT Is Increasingly Replacing Banks and Cash
Small-value transfers now make up a significant portion of USDT activity. Data shows consistent growth since 2020, with a sharp acceleration through 2024 and into 2025. Average daily volumes for transfers under $1,000 have risen above $500 million.
This trend suggests USDT is evolving away from a purely trading-focused asset and toward a role as a digital payments rail.
The importance lies in how and where these stablecoins are used. Transactions under $1,000 typically reflect remittances, payroll, retail purchases, savings transfers, and peer-to-peer payments—particularly in emerging markets. Unlike large exchange-related flows, these payments are usually recurring and non-speculative.
In practice, USDT is increasingly serving as an alternative to cash and traditional bank transfers in regions where access to U.S. dollars is limited, slow, or costly.
Regulation and Infrastructure Shape USDT’s 2025 Trajectory
This shift aligns with broader developments for USDT in 2025. Circulating supply reached new highs during the year, signaling rising demand for dollar liquidity beyond crypto trading alone.
Regulatory changes have also influenced where and how USDT circulates. In the United States, the GENIUS Act clarified the legal framework for payment stablecoins, strengthening institutional confidence in compliant, dollar-backed tokens. In Europe, MiCA introduced stricter licensing requirements, pushing some regulated platform activity away from USDT without materially reducing its global on-chain usage.
Meanwhile, Tether has expanded its infrastructure reach. Investments in Lightning-based payment rails point to a strategy focused on faster and cheaper settlement. Partnerships across Africa and the Middle East further emphasize payments and financial access rather than exchange liquidity.
A Different Picture of Crypto Adoption
Taken together, the $156 billion figure reframes the crypto adoption narrative. While market cycles and speculative rallies dominate headlines, stablecoins continue to scale quietly as core financial infrastructure.
The rise in small USDT payments suggests that in 2025, crypto adoption is increasingly about utility, reliability, and access to global dollar liquidity—not speculation. This form of adoption may ultimately prove more enduring than any bull market.
#USDT

Shares tied to artificial intelligence and the broader tech sector faced another wave of selling, dragging the Nasdaq lower as investors reduced exposure to high-growth stocks. The pullback reflects lingering worries about stretched valuations, profit-taking after recent rallies, and a cautious tone across the technology space.
Major players drove much of the decline. Oracle, Nvidia, and Tesla each slid more than 3%, putting significant pressure on tech-heavy indexes and dampening overall market sentiment. Because of their large market caps, losses in these names had an outsized impact on index performance.
The renewed downturn highlights how fragile AI-driven optimism remains in the near term. As investors reevaluate growth prospects and the path of interest rates, volatility in tech and AI stocks is likely to persist until confidence begins to stabilize.
#AIStocks #MarketUpdate #Nvidia #Write2Earn #cryptofirst21

Bitcoin is hovering around a level that carries far more weight than a simple price tag. Analysts are increasingly focused on a zone known as the True Market Mean Price (TMMP), which represents the average on-chain acquisition cost of non-mining investors. According to CryptoQuant, this level—currently near $81,500—has evolved into both a psychological and structural fault line for the market.
At its core, TMMP measures conviction. It reveals whether buyers are willing to absorb supply during uncertainty or whether confidence is starting to fracture as investors approach their break-even point.
A Market at a Standoff
On-chain data suggests Bitcoin is experiencing mid-cycle stress. Technical resistance continues to limit upside momentum, and analysts are increasingly split on what comes next. The market now appears locked in a tense balance between two forces: long-term holders attempting to defend their cost basis and sellers who are increasingly prepared to exit at breakeven.
In this environment, TMMP has become Bitcoin’s line in the sand. More than a technical indicator, it functions as a collective psychological anchor—the average price at which most investors entered the market. When Bitcoin trades near this level, holders face a defining choice: endure uncertainty or sell without a loss. That decision point often amplifies pressure and precedes major directional moves.
CryptoQuant analyst Moreno identifies $81,500 as the current TMMP, describing it as the level where the bulk of real capital entered the market. Historically, prices holding above this zone have encouraged accumulation and dip-buying. When lost, however, the same level often flips into resistance as investors use rallies to exit near their average entry price.
“When BTC trades above it, investors are generally comfortable,” Moreno noted. “When price loses it, that same level often flips into resistance, as people who bought near the average cost use rallies to exit.”
This familiar dynamic now appears to be playing out again.
Lessons From Past Cycles
Previous market cycles highlight the importance of this zone. During the 2020–2021 bull run, TMMP repeatedly acted as support. In 2022, as confidence deteriorated, it became resistance. Whether $81,500 serves as support or resistance in the coming weeks may determine Bitcoin’s near-term trajectory.
Adding further depth to the analysis is the AVIV Ratio, an on-chain metric comparing active market valuation with realized valuation, with a focus on investor profitability. Unlike momentum indicators, AVIV reflects sentiment grounded in realized gains and losses.
Currently, AVIV is compressing toward the 0.8–0.9 range—a zone historically associated with mid-cycle transitions. These periods are typically marked by stagnation rather than sharp collapses or strong trends.
“If Bitcoin holds above the TMMP while AVIV stabilizes around 0.8–0.9, it suggests investors are absorbing supply and defending their cost basis,” Moreno explained. “If price loses TMMP and AVIV continues to compress, it signals fading profitability and weakening confidence.”
Such conditions tend to pressure weaker hands not through dramatic drawdowns, but through prolonged sideways movement. As unrealized profits shrink, conviction is quietly tested, setting the stage for either renewed accumulation or a deeper search for demand.
Technical Resistance and Macro Anxiety
Price action has done little to ease uncertainty. Bitcoin has repeatedly failed to reclaim its yearly open, reinforcing hesitation among momentum traders and technically driven investors. This inability to break higher has strengthened the perception that upside remains capped for now.
The technical stalemate reflects a deeper ideological divide within the market. Veteran holders—many shaped by the 2021 peak and subsequent 70% drawdown—appear increasingly sensitive to technical signals and cycle-based models.
“Why is Bitcoin not pumping?” analyst PlanB asked rhetorically. “Because 50% is selling—OGs traumatized by 2021, technical investors watching RSI, four-year cycle believers expecting a post-halving bear—while the other 50% is buying: fundamentals-focused investors, TradFi, banks. It’s an epic battle until sellers run out of ammo.”
Institutional and traditional finance participants, by contrast, seem less focused on short-term cycles. Their steady accumulation has helped absorb supply, but not yet enough to push Bitcoin decisively out of its range.
Uncertainty intensified further when macro analyst Luke Gromen revealed he sold the majority of his Bitcoin holdings near $95,000. Speaking on Swan Bitcoin’s No Second Best podcast, Gromen cited long-term technical deterioration and broader systemic risks. He pointed to weakening momentum, Bitcoin’s inability to make new highs versus gold, and concerns about market fragility heading into 2026.
While Swan’s hosts challenged his conclusions, the disclosure itself resonated with investors already watching conviction erode near a key support level. High-profile exits tend to carry disproportionate psychological impact, especially when prices are compressing and on-chain data points to declining profitability.
Will Conviction Hold?
Bitcoin now finds itself at a crossroads defined less by narrative hype and more by resolve. Holding above $81,500 while AVIV stabilizes would signal that investors remain willing to defend their cost basis—a necessary condition for trend continuation.
A failure to do so could prove costly. A decisive break below TMMP, accompanied by further AVIV compression, would suggest that belief alone is no longer sufficient. In that scenario, the market may be forced to search for demand at lower levels.
#BTC #ETF

After an explosive multi-month rally, Zcash has entered a cooling phase. Despite still being up over 650% on the three-month chart, recent price action has turned more defensive. ZEC has slipped about 11% in the past week and has retraced nearly 43% over the last month.
That pullback raises an obvious question: is this consolidation simply a breather, or is momentum starting to fade? A closer look at leverage positioning, on-chain indicators, and key technical levels suggests the answer hinges on one critical threshold — $404.
Early Signs of Accumulation, But With Hesitation
Momentum indicators are flashing nuanced signals rather than clear direction.
The Chaikin Money Flow (CMF), which tracks capital inflows and outflows, has formed a mild bullish divergence between December 11 and December 17. During that stretch, Zcash printed a lower high, while CMF edged higher. This divergence often points to underlying buying interest quietly building.
Still, there’s a catch. CMF remains below the zero line, signaling that overall capital flow is still negative. Buyers are present, but they’re cautious — not yet committing with conviction.
On-Balance Volume (OBV) reinforces that narrative. OBV continues to mirror price action and has yet to break above its descending trend line. Unlike CMF, there’s no bullish divergence here, suggesting volume has not meaningfully confirmed a trend reversal.
In short, accumulation appears to be starting, but it’s tentative. This looks more like early positioning than the start of a fresh upside leg.
Leverage Data Reveals a Short-Term vs Long-Term Divide
Derivatives positioning helps explain why Zcash’s recovery has been slow.
On the seven-day liquidation map, short positions dominate. Roughly $44 million in shorts outweighs about $14 million in longs, indicating that short-term traders are still betting on further downside.
Zooming out to the 30-day view tells a different story. Longs and shorts are nearly balanced at around $38 million each. That equilibrium suggests longer-term traders are not strongly bearish and that a meaningful portion of the market is positioning for upside.
This divergence aligns with the technical indicators: short-term pressure remains, but longer-term bullish sentiment is gradually improving. As a result, Zcash’s upside move appears delayed rather than abandoned.
The Price Levels That Will Shape the Next Move
Price action ultimately ties everything together.
On the downside, $301 stands out as critical support. This level has held through multiple tests and defines the lower boundary of the current structure. As long as Zcash remains above $301, the broader uptrend stays intact.
The immediate obstacle, however, is $404. Zcash has repeatedly failed to sustain moves above this level, turning it into a key control zone. A daily close above $404 would signal growing confidence among buyers and open the door to a retest of $520 — a resistance level that has capped rallies since late November.
If $404 continues to reject price, downside risk remains in play. A breakdown below $301 would increase the odds of a deeper correction, even if the long-term trend survives.
For now, the evidence points to hesitation, not collapse. Zcash isn’t losing the trend — it’s waiting for confirmation. And that confirmation starts with reclaiming $404.

HBAR remains under heavy pressure. The token has fallen roughly 17% over the past week and is down nearly 24% month over month, continuing a clear and persistent downtrend.
This latest move is important because HBAR has now hit a key technical downside target. What happens next hinges on whether this level can hold—or whether sellers push price even lower.
Head-and-Shoulders Target Achieved
On November 13, HBAR confirmed a head-and-shoulders breakdown on the daily chart. The pattern projected a downside move of about 28% from the neckline.
That target was fulfilled on December 15, when price touched the $0.113 region. Since then, HBAR has stalled and traded sideways. This is notable because the former breakdown target is now acting as short-term support.
At this stage, sellers typically pause to reassess. A decisive break below this zone would signal trend continuation. Holding it, even briefly, could allow for a short-term bounce. The chart pattern has played out—now momentum and flows will determine whether the move is complete.
On-Chain Signals Still Show Weak Demand
The problem for bulls is that capital flow data does not yet support a meaningful rebound.
Chaikin Money Flow (CMF) has dropped to around -0.32, its lowest level in roughly a year. CMF measures whether capital is flowing into or out of an asset. Deeply negative readings indicate sustained capital outflows, even while price hovers near support.
In other words, this pause is not being driven by strong accumulation. Large players—likely whales—remain on the sidelines.
Spot exchange flow data reinforces that view. On December 14, HBAR saw net exchange outflows of approximately $3.16 million, typically a sign of short-term buying or reduced selling pressure.
That support quickly faded. Over the past 48–72 hours, flows have flipped back to net inflows, albeit modest at around $0.30 million. The shift in direction matters more than the size. It suggests that earlier buying interest has cooled and tokens are moving back toward exchanges.
Put simply, demand dried up fast. Large holders remain absent, and short-term buyers have stepped away.
Key Levels That Will Decide the Next Move
With the breakdown target reached—and weak participation confirmed—the chart now leaves little room for indecision.
If HBAR loses the $0.113 level, the next support lies near $0.107. A clean break there opens the door to $0.095, representing roughly another 16% downside from current levels.
On the upside, any rally remains corrective unless price can reclaim $0.155 on a daily close. That level aligns with former support and the underside of the previous range. Without it, rebounds are likely to fail.
HBAR has done exactly what the breakdown pattern projected. The question is no longer whether the setup worked—it did. The real issue is whether weak demand turns this consolidation into another leg lower. For now, the data leans toward further downside.

Cantor Fitzgerald has dropped a rare, 62-page initiation report on Hyperliquid, laying out a long-term case for HYPE reaching a $200 billion market cap within the next decade. The valuation is built on a model that assumes $5 billion in annual revenue and applies a 50x earnings multiple.
More than a price target, the report signals a shift in how Wall Street views decentralized exchange infrastructure. Cantor initiated overweight coverage on two Hyperliquid-linked digital asset treasuries, underscoring growing institutional confidence in the protocol’s economics.
From DeFi Speculation to Market Infrastructure
Cantor frames Hyperliquid not as a high-risk DeFi experiment, but as core trading infrastructure comparable to global exchanges. That framing sets this analysis apart from typical crypto bull cases.
Hyperliquid runs a decentralized perpetual futures exchange on its own custom layer-1. In 2025 year-to-date, it has processed nearly $3 trillion in volume and generated roughly $874 million in fees. About 99% of those fees flow back to the ecosystem through token buybacks and burns, tightly coupling platform usage with HYPE’s value.
Liquidity as the Moat
Cantor describes Hyperliquid as a potential “exchange of all exchanges,” arguing there’s a credible path to $5 billion in annual fees as the platform expands across perpetuals, spot markets, and HIP-3 products.
The model assumes 15% annual volume growth, reaching approximately $12 trillion in yearly trading volume within ten years. While competition is cited as the main risk to HYPE’s upside, Cantor believes those fears are overstated. The report notes that incentive-driven traders often rotate back to venues with the deepest liquidity and best execution.
Even a 1% share gain from centralized exchanges could translate into roughly $600 billion in additional volume and more than $270 million in annual fees.
Equity-Style Exposure to HYPE
Alongside the token, Cantor initiated coverage on Hyperliquid-focused treasury vehicles Hyperliquid Strategies (PURR) and Hyperion DeFi (HYPD), assigning Overweight ratings with price targets of $5 and $4. Both companies hold HYPE to generate staking yield and provide regulated equity exposure to the protocol, and both currently trade at discounts to NAV—something Cantor views as an opportunity for traditional investors.
As one observer put it: “Wall Street doesn’t spend 62 pages on protocols it thinks will disappear.”
Still, the market hasn’t caught up to the narrative. HYPE remains about 53% below its prior highs, highlighting the gap between price action and institutional positioning.
A Broader Signal
Beyond Hyperliquid itself, the report reflects a wider change in how traditional finance approaches crypto—using revenue forecasts, cash-flow multiples, and infrastructure comparisons instead of purely speculative frameworks.
Cantor’s deep dive suggests decentralized perpetual exchanges may be moving from the edges of crypto markets toward the center, especially as regulatory clarity improves and institutions look for compliant, on-chain exposure.
#DEX

Bitcoin, gold, and silver are sending sharply different signals, keeping traders on edge. While gold and silver continue to rally strongly, Bitcoin remains under pressure, trading lower and struggling to regain momentum.
This divergence reflects a classic risk-off environment. Investors appear to be rotating into traditional safe havens, favoring precious metals over higher-risk assets like cryptocurrencies.
Metals Rally as Crypto and Equities Lag
Gold and silver are climbing in what looks like a defensive metals rally driven by financial uncertainty. Notably, cryptocurrencies and equities are failing to participate, reinforcing the idea that this move is stress-induced rather than a bet on economic growth.
“These moves line up with rising debt pressure and tighter financial conditions pushing capital toward hard assets. When metals behave like this, they’re reflecting risk being repriced across the system, not a chase for quick returns,” noted analyst Kyle Doops.
Bitcoin Struggles While Metals Shine
Bitcoin was trading around $86,666 at the time of writing, up just 0.56% over the past 24 hours. Price action remains constrained within a descending parallel channel that has been in place since early October.
BTC recently failed to break above $90,000, a level aligned with the 78.6% Fibonacci retracement, and continues to face resistance from multiple moving averages. A bearish death cross — where the 50-day moving average crossed below the 200-day moving average — underscores persistent medium-term downside pressure.
Momentum indicators remain weak. The RSI sits at 39, hovering near oversold territory without signaling a reversal, while the MACD remains negative with only mild convergence.
Unlike gold and silver, Bitcoin has not benefited from the defensive rotation. This divergence suggests investors are prioritizing capital preservation over high-beta growth exposure.
If selling pressure intensifies, Bitcoin could test support near $80,600, corresponding with the midpoint of the descending channel. On the upside, a recovery would require a decisive daily close above $90,358. To confirm a broader trend reversal, BTC would need to reclaim the 50-day SMA at $95,450 as support. In a highly bullish scenario, a move toward the 61.8% Fibonacci level near $98,018 would imply a gain of nearly 14% from current levels.
Gold Holds Firm Above Key Levels
Gold continues to grind higher, trading near $4,330 and just below its recent peak of $4,389. The metal has shown exceptional resilience, holding above its 50-day moving average for roughly 88% of the past year — a pattern reminiscent of the prolonged risk-averse environment of the early 1980s.
Technical indicators lean moderately bullish. The RSI sits at 63, suggesting gold has room to run before entering overbought territory. Meanwhile, the MACD remains above its signal line, indicating that bullish momentum is still intact, albeit flattening.
Strong trendline support and Fibonacci retracement levels between $4,160 and $4,000 provide a buffer against potential pullbacks and may attract late buyers.
Unlike silver’s explosive surge, gold’s gains have been steady and measured, reinforcing the idea that its rally is driven more by defensive positioning than speculative excess.
Silver Explodes to Record Highs
Silver has been the standout performer, with futures surging to an all-time high of $66. The metal has gone parabolic over recent months, decisively breaking above long-standing resistance near $54.
This rapid ascent has pushed technical indicators into extreme territory. The RSI has climbed to 77, signaling heavily overbought conditions, while the MACD, though still rising, is beginning to flatten. Prices are now far above key moving averages, confirming trend strength but also highlighting the risk of overheating.
Historically, silver rallies of this magnitude have often coincided with periods of financial stress rather than sustained economic expansion.
“Silver is on fire…driven by government debts, inflation fears, and demand from AI data centers. All the while, stockpiles shrink, and mining flatlines,” said economist Peter St Onge.
Key support levels to monitor include $60, followed by $53.99 and $48.89, which mark previous consolidation zones. While momentum remains bullish, the combination of parabolic price action and extreme RSI readings increases the risk of a near-term correction.
A Stress-Driven Market Narrative
The sharp contrast between soaring metals and stagnant crypto and equity markets points to a broader theme: capital is flowing defensively. Rather than signaling organic economic expansion, the rally in gold and silver appears rooted in risk aversion and macroeconomic uncertainty.
In this environment, precious metals are reasserting their role as preferred hedges, while Bitcoin and equities remain sidelined — a clear sign that markets are pricing in stress, not optimism.

Dogecoin (DOGE) posted a modest rebound on Monday, climbing nearly 2% after sliding 3.57% in the previous session. While the recovery offers some short-term relief, the broader outlook remains uncertain as institutional participation softens and bullish momentum continues to erode.
Interestingly, derivatives markets tell a slightly different story. Long positions are increasing, pointing to expectations of a near-term bounce and driving higher capital inflows into DOGE futures.
Retail Interest Picks Up Amid Long Liquidations
According to CoinGlass, Dogecoin’s futures open interest rose 4.88% over the past 24 hours to $1.49 billion, signaling growing exposure in derivatives markets. This increase likely reflects new capital entering the market or traders deploying higher leverage.
Despite this, bearish pressure persists. Long liquidations reached $3.33 million during the same period, far outweighing $799,590 in short liquidations. This disparity suggests bears still dominate in the short term, with leveraged bullish positions being forced out during market pullbacks.
Still, early signs of improving sentiment are emerging. The long/short ratio climbed to 51.05% on Monday from 45.83% a day earlier, indicating a gradual return of bullish confidence among traders.
On the institutional side, Sosovalue data shows Dogecoin ETFs attracted $171,920 in inflows last week. However, all of those inflows occurred on Wednesday, with no net activity during the remaining sessions—underscoring the cautious and uneven nature of institutional demand.
Consolidation Range Under Threat
DOGE remains locked in a prolonged consolidation phase between the November 21 low at $0.13321 and the November 26 high near $0.15681. Although Monday’s rebound helped stabilize prices, the asset continues to struggle to firmly defend this support zone.
If bulls regain control and push DOGE above the upper boundary of the range, a technical recovery toward $0.15681 could follow, with further upside targeting Pivot R1 at $0.17882.
However, technical indicators still favor caution. The daily Relative Strength Index (RSI) hovers around 40, oscillating between neutral and oversold levels—an indication of weakening demand and persistent bearish undertones. Meanwhile, the MACD is nearing a potential bearish crossover, a signal that often precedes renewed downside pressure.
Should DOGE fail to hold the $0.13321 support, losses could accelerate toward the April low at $0.12986, with a deeper pullback potentially extending to Pivot S1 at $0.12319.
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#DOGE #Memecoins

Retail investors accounted for roughly 20% of U.S. stock trading volume in Q3 2025—the second-highest level ever recorded. At the same time, the crypto market has been moving in the opposite direction, with institutions taking the lead as retail participation continues to decline.
This widening contrast between equities and digital assets offers important clues about market maturity, volatility, and how both asset classes may evolve as 2026 approaches.
Stocks Become Retail-Driven as Crypto Shifts Institutional
The surge in retail activity represents a notable change in the structure of equity markets. Data cited by The Kobeissi Letter shows that individual investors reached their second-largest share of trading volume in history during Q3 2025, approaching levels last seen during the meme-stock frenzy of early 2021.
Before 2020, retail investors typically accounted for about 15% of trading volume. The jump to 20% therefore marks a meaningful shift.
Retail participation has now overtaken several traditional institutional segments. Long-only mutual funds and conventional hedge funds each represented about 15% of trading volume last quarter—roughly half their share in 2015. Even when combined, all fund categories, including quantitative strategies, made up just 31% of total trading activity in Q3.
“Retail investors are taking over the market at a historic pace,” The Kobeissi Letter noted.
Crypto markets, by contrast, are now showing the inverse pattern. Whereas previous bull cycles were largely driven by retail enthusiasm, 2025 has seen institutions emerge as the dominant force. JPMorgan recently observed that retail participation in crypto has declined, describing the shift as follows:
“Crypto is moving away from resembling a venture capital–style ecosystem to a more traditional, tradable macro asset class supported by institutional liquidity rather than retail speculation.”
Recent market drawdowns have dampened demand for crypto exchange-traded funds and placed pressure on digital asset treasury firms. However, analysts suggest that investor interest has slowed rather than vanished entirely.
On-chain data reinforces this divergence. According to CryptoQuant, institutional Bitcoin holdings continued to grow throughout 2025, while retail ownership trended lower.
Why the Shift Matters
These changes go beyond simple participation metrics. Elevated retail activity in equity markets often coincides with sentiment-driven trading, where prices are influenced by narratives, momentum, and crowd behavior. When individuals dominate volume, markets tend to react more sharply to news and short-term trends.
In crypto, institutional dominance is widely interpreted as a sign of maturation. Greater institutional involvement typically brings deeper liquidity, more disciplined risk management, and—at least in theory—reduced volatility. With longer investment horizons, institutions may support steadier price movements rather than dramatic boom-and-bust cycles.
Still, the outlook for digital assets remains restrained. Barclays has forecast 2026 as a challenging year for crypto, arguing that without major new catalysts, structural growth may be limited. Although U.S. policy has become more supportive of crypto in 2025, the bank believes much of that optimism is already reflected in current prices.
A Structural Divergence Heading Into 2026
The contrasting trends in stocks and crypto suggest a broader reallocation of risk across markets. Rising retail involvement is making equity trading more sentiment-driven, while crypto’s institutional tilt points to increased maturity—but potentially slower momentum.