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Bitcoin Running on Fumes, Says 10x Research — The Real Dip May Still Be Coming

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Bitcoin has entered a tense stretch of the market — a phase where investors are getting impatient, profits have thinned out, and reactions are being driven more by nerves than strategy.

Key Takeaways

  • Bitcoin is trading in a zone where many active investors are sitting close to breakeven.
  • 10x Research expects the current rebound to lose momentum quickly.
  • The firm exited its long positions near $111,545 and plans to buy back at lower levels.

According to a new market report from 10x Research, Bitcoin’s current price range has pushed the average active investor close to their cost basis — historically the moment when disciplined trading begins to break down and volatility intensifies.

Instead of relying on speculative predictions, the analysis focuses on where actual capital has been deployed on-chain. One key metric — which reflects the cost basis of recently active Bitcoin holders — has just broken down after months of support. While this may fuel a temporary bounce, past cycles suggest the rally is likely to fade before Bitcoin can attempt new highs.

Why This Phase Matters

10x Research highlights what it calls the True Market Mean Price, an indicator built around the real cost basis of coins that have recently moved on-chain. Unlike broader metrics that include untouched long-term holdings, this one reflects the profit-and-loss status of current market participants.

The recent downturn in this metric shows that most active investors have now used up their profit cushion. Historically, this is when late buyers tend to double down — often right as risk is increasing — while more disciplined capital steps aside and waits for a cleaner entry point.

Strategic Levels to Watch

10x Research advised clients to close long positions near $111,545, banking roughly $23,000 per BTC before the market lost its margin of safety. Now that Bitcoin has dropped below levels where active investors remain comfortably profitable, the firm sees two key developments ahead:

  1. A brief rebound is likely, but upside momentum is expected to fade quickly.
  2. The next strong accumulation zone sits noticeably lower than current prices.

Still, the firm emphasizes that any deeper pullback shouldn’t be mistaken for the end of the bull market. Instead, it may open the door for long-term investors to reload at more favorable prices — essentially recycling profits gained earlier in the cycle.

What to Expect Next

10x Research says this is not the time to chase a sudden pump. Instead, traders should watch closely for where the rebound stalls, as that point often signals the beginning of the next meaningful buy zone.

For now, the firm’s stance is measured: stay active around the short-term bounce, but prepare to scale back in only once Bitcoin returns to what they define as strategic value territory.

The bottom line: Bitcoin’s broader uptrend is still intact — but the highly profitable stretch of the rally has paused. Smart money is watching the next dip far more closely than the next surge.

Blockchain

World Liberty Financial Breaks Out of Bullish Triangle as $10M Buyback Lifts WLFI Price

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World Liberty Financial’s native token, WLFI, is showing renewed strength after breaking out of a bullish technical pattern, supported by a fresh wave of buyback activity. At the time of writing, WLFI was trading at $0.171, up 8% over the past 24 hours. The move pushed the token toward the top of its weekly trading range between $0.117 and $0.170, marking a 20% gain on the week and a 15% rise over the past month.

Trading activity also picked up meaningfully. WLFI’s spot volume climbed 26% to $320 million, signaling that traders are rotating back in after a relatively quiet period. Futures markets saw similar momentum, with derivatives volume rising 24% to $582 million, and open interest growing 14%.
Rising open interest during an upswing typically indicates new long positions entering the market, rather than simply shorts covering — a sign of strengthening bullish conviction.

Buyback Activity Helps Drive Price Recovery

The latest rebound appears to be fuelled by World Liberty Financial’s team restarting its on-chain buyback program. Data from Arkham shows that roughly $10 million worth of USD1 was used to purchase 59 million WLFI tokens within just six hours.

A large portion of this came in a single heavy burst of activity:
7.79 million USD1 was deployed to acquire 46.5 million WLFI, with an average buy price of roughly $0.167.

The renewed demand arrives at a time when WLFI has been under notable pressure. Since reaching a peak of $0.26 in September, the token slid toward the $0.15 zone — a drop that erased an estimated $1 billion from the Trump family’s crypto-linked holdings.

The broader ecosystem has also faced hurdles, including losses tied to ALT5 Sigma, which accumulated $750 million in WLFI several months ago.

Despite the turbulence, the project continues to roll out new integrations — including Dolomite’s USD1 rewards program — and ongoing token burns, which have helped restore confidence within the community.

Technical Picture: WLFI Breaks Out of Symmetrical Triangle

From a technical standpoint, WLFI spent October and early November forming a symmetrical triangle, a pattern that develops when lower highs meet higher lows. These patterns often build pressure before a decisive move — and WLFI broke out right at the apex.

The breakout was confirmed by a series of strong green candles backed by rising volume, pushing price into the $0.17 region.

Momentum also supports the move:

  • The Relative Strength Index (RSI) has climbed toward 63, forming higher lows throughout the consolidation — an early signal that buyers were regaining control.
  • However, the Stochastic RSI and Williams %R have both moved into overbought territory, which sometimes precedes a cooling-off period.

If WLFI can hold above the $0.16 breakout level, analysts expect the rally could extend toward the $0.19–$0.20 range, especially if buybacks continue and volume remains strong.

Should price fall back into the triangle, however, it could weaken the bullish setup and expose support near $0.14, which acted as a floor throughout late October.

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Plume Network Becomes Primary Launch Partner for Paxos’s New USDG0 Stablecoin

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The digital asset industry just reached a major milestone: Plume Network has been selected as the primary launch platform for Paxos’s newest stablecoin, USDG0. The partnership marks a significant step forward for regulated real-world assets (RWAs) on blockchain, connecting institutional-grade finance with the decentralized world.

Why Plume Network Is Becoming a Key Player

Plume Network has carved out a unique place in the blockchain ecosystem by focusing specifically on regulated RWAs. Its selection as the main network for the USDG0 rollout highlights its rising influence in the sector. Alongside Plume, Hyperliquid and Aptos will also support the launch, forming a strong multi-chain foundation for USDG0’s adoption.

For Plume’s ecosystem, this collaboration is transformative. Developers gain access to a secure, compliant stablecoin directly integrated into the network, and users benefit from exposure to U.S. Treasury yield structures—right on-chain. It’s a meaningful step toward closing the gap between traditional finance and decentralized applications.

What Sets USDG0 Apart From Other Stablecoins?

USDG0 is the upgraded, cross-chain extension of Paxos’s existing USDG stablecoin, which already holds a market cap of $997 million. But USDG0 introduces several features that distinguish it in a crowded market:

  • Fully backed by regulated reserves
  • Built for cross-chain interoperability with LayerZero’s OFT standard
  • Structured to offer yield exposure tied to U.S. Treasuries
  • Designed with strict regulatory compliance

LayerZero’s Omnichain Fungible Token (OFT) framework enables USDG0 to move seamlessly across multiple chains while maintaining its backing and oversight—something few stablecoins achieve at this scale.

What This Means for DeFi Builders

With USDG0 integrated directly into Plume Network, developers now have access to reliable, regulated liquidity—a rarity in the DeFi space. This unlocks a wide range of new possibilities:

  • Native liquidity for faster, more predictable transactions
  • Regulatory clarity for teams building compliant applications
  • Yield-bearing stablecoin infrastructure tied to traditional assets
  • Cross-chain reach through LayerZero connectivity

For builders navigating the evolving RWA landscape, Plume Network offers a stable foundation grounded in both compliance and innovation.

Shaping the Future of Regulated Blockchain Assets

The Plume–Paxos partnership reflects a broader movement toward merging regulated financial products with decentralized technology. By pairing real-world asset tokenization with a cross-chain stablecoin, this collaboration sets the stage for more secure, scalable, and institution-friendly DeFi applications.

As global regulations continue to take shape, platforms that balance compliance with decentralization—like Plume Network—are positioned to lead the next wave of blockchain adoption. USDG0’s launch could become a blueprint for how traditional financial instruments migrate onto blockchain networks in the years to come.


Frequently Asked Questions

What does Plume Network specialize in?
Plume Network focuses on regulated real-world assets on blockchain, offering a compliant platform for tokenizing traditional financial instruments.

How is USDG0 different from other stablecoins?
USDG0 is fully reserve-backed, regulated, cross-chain compatible via LayerZero’s OFT standard, and offers yield exposure tied to U.S. Treasuries.

Which networks will host USDG0?
USDG0 will launch primarily on Plume Network, with Hyperliquid and Aptos also supporting deployments.

What advantages does USDG0 provide for DeFi developers?
Developers gain access to regulated stable liquidity, yield opportunities, and seamless cross-chain functionality.

Is USDG0 multi-chain?
Yes. Thanks to LayerZero’s OFT framework, USDG0 can move between multiple blockchains while maintaining regulatory compliance.

What is the market cap of Paxos’s existing USDG stablecoin?
USDG currently has a market capitalization of $997 million.

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XBITMining: How a Fast-Growing Cloud Mining Platform Is Changing the Crypto Market

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The cloud mining platform XBITMining is changing the crypto market, giving new investors a novel way to dip their toes into a profitable market that has historically been hard to break into.

The blockchain depends on miners — a fact so baked into the system that cryptocurrencies automatically adjust the computational power it takes to produce new transaction blocks, thereby ensuring that crypto mining will always remain profitable for someone.

Investors have flocked to crypto mining for years for precisely that reason. That’s changed. New investors now face insurmountable barriers. Without powerful hardware, inexpensive electricity, iron-clad cybersecurity, and constant maintenance, crypto mining stays out of reach for the vast majority of prospective investors.

XBITMining presents a different model. By leasing a slice of the platform’s secure, professionally-managed data centers, new crypto investors can now reap the benefits of a burst-proof bubble.

The XBITMining Cloud, a More Accessible Way to Enter the Crypto Mining Market

XBITMining has, with over 15,000 clients in 67 countries, seen rapid growth in recent years. Their innovative model explains the company’s success. For years, enterprises have found that leasing IT and office equipment — like servers, photocopiers, printers, and computers — is often more affordable than buying it outright. XBITMining brings that same model to crypto mining.

Investing in ASIC rigs is no longer the only way to get started with crypto mining. Investors can lease computational power and take advantage of the same cutting-edge systems that the large corporate mining farms that bring home 95 percent of all global crypto-mining profits have access to.

According to an XBITMining representative: “Our cloud mining platform delivers consistent returns for clients who understand the potential of the crypto market — but neither have the technical skills, nor the expertise, to establish their own operations.”

Ease of use is a primary goal. “We do the hard work of managing data centers, securing consistent uptime, and maintaining security,” the representative explains. Clients, in contrast, simply select their plan, with Hashrates starting at 200-800 TH/s and going all the way up to 80,000-400,000 TH/s with the most powerful plan. From there, they can follow performance in real time with a user-friendly dashboard — and follow their ROI.

Payouts are credited to clients’ secure earnings wallets daily, a model that allows investors to cash out or reinvest their earnings. This radical departure from other cloud mining platforms is one of the drivers of the rapid growth XBITMining has seen; the platform prioritizes transparency and puts clients in charge of their investment goals.

A New Era for Crypto Mining?

The XBITMining cloud mining platform can be seen as a democratization of crypto mining. When Satoshi Nakamoto launched Bitcoin, the anonymous creator designed it to be mined with any CPU. That heyday saw hobbyists and nerds turning unexpected profits, but it wasn’t long before more powerful setups took over.

By the mid-2010s, corporate mining farms had taken over — and hobbyist miners were pushed aside. XBITMining is turning back the clock. It is putting the power back in the hands of individual investors.

Round-the-clock monitoring ensures maximum uptime and security, while cutting-edge hardware makes XBITMining competitive in a landscape dominated by corporations. It is a massive operation, but XBITMining anticipated rapid growth. “Our infrastructure was designed to scale globally and compete with the biggest players in the crypto market,” the company says. “Driving it all? A commitment to delivering consistent results for our clients.”

Visit the official XBITMining.com website to learn more about one of the most exciting platforms in the cryptocurrency market.

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