Rising Bitcoin ‘liveliness’ indicator suggests bull market may continue: analysts

Bitcoin finds itself at a critical crossroads, hovering between two major price zones that could define its next big move. Buyers and sellers are locked in a tight battle, and the market now waits for a decisive break. A push above key resistance could open the door to $107,000, while weakness at support risks a deeper slide toward $71,000.

Bounce Scenario: A Return Toward The Pink Box And Descending Trendline

Kamile Uray, in her latest update on Bitcoin, noted that BTC failed to hold above the $90,720 level on the hourly chart, triggering the expected decline. The first immediate support now sits at $87,644, while the deeper support range lies between $83,822 and $82,477. If buyers defend this zone successfully, Bitcoin could attempt another climb toward the pink box region and retest the descending trendline overhead.

Uray explained that a sustained move above the pink box resistance on the daily timeframe would open the door for Bitcoin to challenge the descending blue trendline. A confirmed breakout from this area could strengthen bullish momentum, pushing the price toward the next major resistance levels at $98,200 and $107,500. A break above $107,500 alongside the descending trendline would serve as a strong signal that the broader uptrend is ready to continue.

However, she warned that a daily close below $82,477 would shift the market structure toward further weakness, placing Bitcoin at risk of revisiting lower levels. Even so, Uray highlighted one critical area of strength: the $74,496–$71,237 zone. This region represents the key breakout top from November 2024 and is considered a strong historical support. In this area, buyers may step in aggressively, potentially setting the stage for an upward reversal.

Bitcoin Price Rejection At $93,000–$95,000 Zone

According to Crypto Candy, Bitcoin’s latest price action has been unfolding precisely in line with expectations. After facing rejection in the $93,000–$95,000 resistance zone, BTC dipped sharply and nearly touched the anticipated support range at $86,000–$87,500. This move reflects the broader market’s reaction to heavy selling pressure near the upper resistance band.

Crypto Candy emphasized that the $86,000–$87,500 zone now serves as a crucial pivot area. If buyers successfully defend this support and the price stabilizes above it, Bitcoin could once again revisit the $93,000–$95,000 range, or even push beyond it.

Such a rebound would signal renewed bullish momentum and set the stage for another attempt at breaking higher resistance levels. However, the analyst also warned that failure to hold the $86,000–$87,500 support could trigger deeper downside movement. If the level gives way, Bitcoin may slide to lower price zones in the coming days as bearish pressure strengthens.

Ethereum led digital asset investment products with $138.7 million in 24-hour net inflows, according to data from Artemis.

The blockchain platform has been attracting consistent positive inflows through Ethereum ETFs and corporate accumulations in recent months.

Ethereum operates as a leading blockchain platform enabling decentralized applications, smart contracts, and tokenization of real-world assets. The platform has recently implemented the Fusaka upgrade, delivering important optimizations, such as PeerDAS, that strengthen overall network performance.

The network remains a leading platform for hosting stablecoins and tokenized assets, supporting on-chain liquidity and adoption across the digital asset ecosystem.

Jake Claver, CEO of Digital Ascension Group, says ultra-wealthy families are rapidly accumulating XRP, and he believes most XRP holders still don’t realize how rare their position is. In a video posted on X, Claver revealed that his firm has been in recent conversations with large family offices that are now making significant allocations into XRP. 

His comments arrive at a moment when XRP’s long-term narrative is witnessing increased interest due to ETFs, and they highlight a shift happening among investors who have always avoided cryptocurrencies altogether.

Wealthy Families Quietly Accumulating XRP

Claver explained that XRP ownership is currently extremely limited relative to the global population, noting that only around 8 million wallets exist on the XRPL. Half of those wallets contain fewer than 100 XRP, which makes existing holders far more uncommon than they may think. He contrasted this with Bitcoin’s widespread ownership, arguing that XRP is still early in its adoption curve.

He said the wealthy families showing interest are not looking for quick profits. According to him, they have already built their fortunes and instead see XRP as a form of insurance. According to his post, these families are buying crypto, not to get richer, but to protect the wealth they already have. 

He described their interest in cryptocurrencies as a hedge. These investors want something uncorrelated in their portfolios ahead of any potential shock in traditional markets.

Claver’s $10K Price Target And The Conditions He Outlined

When asked where he sees the price of XRP going, Claver stated that he believes the cryptocurrency could be trading at $10,000 by late 2026 or early 2027. He tied this prediction to how much ecosystem infrastructure becomes active on the XRPL over the next two years. 

He said the network would need substantial institutional-grade utilities, including XRP treasury systems, Evernorth’s launch, on-chain borrowing mechanisms, and new amendments to the XRP Ledger that will bring in additional compliance layers and smart-contract features.

His projection assumes that rising network volume will require higher liquidity levels and that price stability at four- and five-figure ranges will only be achievable if the ledger is handling large-scale financial flows. He also pointed to ETFs as a major factor in shaping supply and demand, noting that as ETF adoption grows, more XRP will be locked away in long-term institutional products. 

Speaking of ETFs, Spot XRP ETFs are now approaching $1 billion in total net assets and could cross that threshold within the next few days. Since their debut, these funds have taken in about $897.35 million worth of XRP from exchanges and OTC desks, and they have yet to record a single day of outflows. 

This growing demand ties directly into a quiet change happening among institutions, a trend Ripple’s CEO Brad Garlinghouse recently highlighted. He explained that Ripple is seeing notable activity through Ripple Prime, where long-watching institutions that once stayed out due to regulatory uncertainty or simple risk aversion are finally beginning to step in. 

Featured image from Unsplash, chart from TradingView

Jupiter Exchange's "Cat-Herder" (chief operating officer) Kash Dhanda addressed community concerns over the protocol's lending product on Saturday, acknowledging that deleted social media posts claiming Jupiter Lend vaults had "zero risk of contagion" were inaccurate.

Some prior social media posts from Jupiter advertised Jupiter Lend's vaults as having "isolated risk," and one post stated that isolated vaults "mean that pairs don't cross-contaminate, removing any risk of contagion." The post containing the latter sentence was deleted by the Jupiter team amid the controversy. 

"There was a social media post that came out in which we said that there was zero risk of contagion because of the isolated vaults. That was not a hundred percent correct," Dhanda said in a video statement. "We deleted it to avoid it kind of going any further. In hindsight we should have issued a correction right when we deleted it."

The admission comes after Fluid co-founder Samyak Jain publicly acknowledged that Jupiter Lend uses rehypothecation (reusing deposited collateral elsewhere in the protocol) for capital efficiency, meaning collateral deposited in vaults is not completely isolated from each other. Yet Jupiter Lend's vaults are "isolated in a sense that each vault has its own configs, caps, liquidation threshold, liquidation penalty, etc." Jain said. (Fluid, formerly an Ethereum-focused liquidity protocol built by the Instadapp team, powers Jupiter Lend's backend infrastructure.)

"Isolated," or not?

Marius Ciubotariu, co-founder of rival Solana lending protocol Kamino, took to X to criticize Jupiter Lend's structure, days after Kamino blocked Jupiter Lend's refinance tool from accessing Kamino positions. 

"In Jupiter Lend, if you supply SOL and borrow USDC, your SOL gets lent out to loopers, including JupSOL, INF, etc. ... You take all the risk of those loops or assets blowing up," Ciubotariu wrote. "There is no isolation here and full cross contamination, contrary to what is advertised and what people are being told."

Dhanda pushed back on characterizations that Jupiter Lend's vaults aren't truly isolated in his video, though he confirmed the protocol does employ rehypothecation. "It is true that there is rehypothecation. If there is an asset that's supplied somewhere, it can be borrowed out of debt somewhere else," he said. "This is where the yield on the collateral actually comes from."

The disagreement appears to be based on differing definitions of "isolated." In Dhanda's and Jain's view, Jupiter Lend's vaults are isolated in that each can be configured in unique ways, with their own loan-to-value ratios, liquidation penalties, and asset limits, though they share a common liquidity layer that allows for rehypothecation.

Ciubotariu's view seems to be that any rehypothecation negates claims of fully-isolated vaults. "In TradFi but also in DeFi, the fact that your collateral is rehypothecated or not, has contagion risks or not, is material information and should be very clearly disclosed," Ciubotariu wrote on X. 

"It’s very unacceptable to claim and market isolated vaults when in fact assets are being rehypothecated," said one industry insider who preferred to remain anonymous. "That’s a very serious violation of trust."

Jupiter Lend's rapid growth

Jupiter Lend launched in August with what the protocol described as "dynamic limits to isolate risk," according to The Block's previous reporting on the announcement at the Solana Accelerate conference. The protocol offered loan-to-value ratios of up to 90%, significantly higher than the typical 75% seen elsewhere in DeFi, enabled by what Dhanda then called a "bespoke liquidation engine."

Dhanda pointed to Jupiter Lend's performance during the October 10 market crash—when more than $20 billion in leveraged positions were liquidated across the crypto market—as evidence the architecture can handle stress. "Jupiter Lend went through [the crash], even though it was only a few months old at the time, with zero bad debt," he said.

The protocol has grown rapidly since launch, with total value locked just over $1 billion, per DefiLlama data, and putting it in direct competition with Kamino, which controls over 60% of Solana's lending market. The Block was unable to immediately reach Dhanda or Jupiter Lend for further comment, though Dhanda said Jupiter would release additional documentation and an explanatory video after the Solana Breakpoint conference, which begins December 11 in Abu Dhabi.

Yogita Khatri contributed reporting.

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Ethereum is gaining momentum, and several technical signals suggest that a significant move could be on the way. With key support levels holding and bullish patterns forming, the market may be setting up for a notable upside.

Golden Pocket Rejection: Confirming The High-Risk Scenario

In a recent update on X, analyst Luca referenced his recent market commentary, noting that Ethereum price action unfolded exactly as he had anticipated, with the price tapping into the lost high-timeframe support range. This range aligned with the golden pocket between the 0.5 and 0.618 Fibonacci retracement levels, and the price rejected there, confirming the high-risk scenario he had highlighted in advance.

Since that rejection, the price has broken below the key 0.618 Fibonacci Point of Interest (POI). However, the asset is still managing to hold above the crucial 1-Day Bull Market Support Band. Luca stressed that this band has historically served as a strong reversal spot over the last couple of months. Thus, he believes the current low-timeframe market structure is not yet fully invalidated.

Despite this technical hold, the analyst reiterated his cautious approach, stating that until he sees clear signs of strength on the low-timeframes, signs that can durably confirm the bottom is in and that key support levels are properly reclaimed, he won’t scale out of his edges.

Luca concluded that until that concrete bullish confirmation materializes, the most likely outcome for the immediate future remains further consolidation. The market needs time to absorb the recent volatility and build a new base before a more durable reversal to the upside can take hold.

ETH/BTC Trendline Breakout: Market Risk Appetite Returns

Crypto analyst Paramatik outlined that a major structural event has occurred on the ETH/BTC charts: a falling trend breakout. This is a highly significant development, although Paramatik suggests that a retest of this broken trendline may occur before the upcoming Federal Reserve meeting.

The analyst provided clarity on what this breakout means for the broader market. First and foremost, this situation is interpreted as a strengthening signal for Ethereum. When ETH begins to gain value relative to Bitcoin, it typically indicates that the market’s overall risk appetite is returning, as investors shift capital from BTC to ETH.

Secondly, the gained strength in Ethereum is often the key trigger for the start of the much-anticipated altcoin season. This is because investors first shift funds from BTC to ETH, and then move capital into the riskier, smaller altcoins in hopes of achieving higher returns.

Paramatik summarized his findings by stating that this breakout in the ETH/BTC pair is not merely a technical line break; it is a harbinger of a market direction change. The analyst concluded with an analogy that the market has reached a state where every external event, even humorously irrelevant ones, could affect crypto prices.

Gate.io will begin trading the NIGHT/USDT pair, officially listing the NIGHT token for spot exchange at 10:00 AM UTC on December 9th. Listing on a major centralized platform typically improves token liquidity and broadens market access, allowing new capital inflow and price discovery mechanisms. Initial listings often coincide with heightened volatility as traders establish positions or arbitrage across venues. Increased exposure can facilitate broader awareness and institutional participation, which in past cases has sometimes led to immediate price swings following the start of trading. More information can be found in Gate.io's official listing post.