The transfer originated from wallets directly linked to ICO revenues, making the timing particularly notable as year-end liquidity dynamics come into focus.

Accumulated Outflows From ICO Funds

Since November 15, Pump.fun has routed a total of 605 million USDC from ICO sales to Kraken. On-chain records indicate that this flow was not a one-off transaction, but rather a gradual and structured distribution.

In recent days, the team stated that no funds were withdrawn, explaining that ICO-generated USDC was distributed internally to be reinvested into company operations. However, subsequent on-chain activity painted a more complex technical picture.

Kraken Inflow Followed by Circle Transfer

Early this morning, 75 million USDC entered Kraken. Shortly afterward, 69.26 million USDC was transferred from Kraken to Circle, the issuer of USDC.

Such transactions are commonly interpreted by the market as USDC redemption or cash conversion preparation. While this does not directly indicate a token sale, the concentration of large stablecoin flows between an exchange and the issuer has drawn attention.

Pump.fun Cuts Supply with $131M PUMP Token Buyback

$PUMP Trades Below ICO Levels

Amid these fund movements, $PUMP’s price performance has resurfaced as a key discussion point. The project sold tokens to institutional investors in June at $0.004 per token. Current market data shows the price hovering around $0.0018.

This places $PUMP at approximately 55% below its ICO valuation. The price pressure coinciding with continued transfers of ICO funds to exchanges has weighed on short-term market expectations.

Why It Matters

Routing ICO funds to exchanges and then directly to the stablecoin issuer extends beyond routine treasury management. These flows directly affect investor sentiment, token supply perception, and timing risk. When such transfers occur while the token trades below its ICO price, market sensitivity tends to increase.

Going forward, new movements along the Kraken–Circle route will be closely monitored as key signals to determine whether Pump.fun’s strategy remains operational-focused or balance-sheet driven.

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The post Heavy USDC Inflow From This Altcoin to Kraken appeared first on Coin Engineer.

Critical Bitcoin Support Levels Under Pressure

Bitcoin has fallen below the $100,000 level, moving closer to key support zones closely monitored by traders. The 365-day moving average, on-chain realized price bands and network valuation price are now seen as major reference points. If the price stays below these levels, selling pressure could intensify.

On-Chain Indicators Turn Bearish

According to CryptoQuant, all 10 major on-chain indicators—including MVRV, ETF inflows, stablecoin liquidity, demand growth and trader margins—are currently trending below their baseline. ETF and institutional inflows have slowed, long-term holders (LTH) continue selling and stablecoin liquidity is tightening.

Key metrics to watch include:

• 365-Day Moving Average (MA): Around $102K, major support.

• Traders’ On-chain Realized Price: Lower band at $72K, indicating short-term downside potential.

• Network Valuation Price (Metcalfe 2×): Support sits near $91K.

• Bull Score Index: Fell to 0, signaling extremely weak bullish strength.

These levels are being closely monitored to assess market momentum and possible correction risks.

Analyst Outlook: Pause, Not Panic

CryptoQuant analysts argue this decline is more likely the exhaustion phase of a prolonged bull market rather than the start of a new bear cycle. However, they warn that if Bitcoin fails to recover above the 365-day MA soon, a deeper correction could follow.

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The post Bitcoin Bull Score Drops to Zero: Market Momentum Fades appeared first on Coin Engineer.

Key Reasons Behind DEGO Price Surge

The rise in Dego Finance’s price today can be attributed to several factors. First, technical indicators provided bullish signals, encouraging investors to buy. As of October 14, 2025, DEGO’s Relative Strength Index (RSI) reached 44.8, approaching oversold territory. This was interpreted as a short-term buying opportunity.

Additionally, a $100,000 stablecoin liquidity pool launched on the BNB Chain strengthened the platform’s liquidity. Investors viewed this move as a trust-building factor, increasing demand for DEGO.

Moreover, DEGO’s relatively low market capitalization and speculative trading activity amplified price volatility. With a market cap of approximately $32 million, even moderate trading volumes can significantly affect the token’s price.

Technical Analysis and Short-Term Trends

Technical analysis played a key role in today’s surge. DEGO’s 24-hour trading volume reached $67.11 million, highlighting strong investor interest. The token’s price fluctuated between $0.93495 and $1.580457 throughout the day.

This momentum indicates that short-term buying pressure remains strong, supported by increased trading activity. However, market experts caution that the token’s low liquidity can lead to rapid swings in price.

Investors continue to monitor DEGO using trend indicators and technical signals, assessing both risk and potential rewards.

Highlights for Investors

DEGO offers notable opportunities for short-term traders. Key points include:

• Liquidity Pools: BNB Chain stablecoin pools increased investor confidence.

• Technical Indicators: RSI and trading volume supported short-term upward movement.

• Speculative Demand: Low market cap led to fast price swings.

• High 24-Hour Volume: $67.11 million trading volume shows growing interest.

These factors collectively contributed to DEGO’s significant price rise today.

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The post DEGO Surges 61%: Price Jump Explained appeared first on Coin Engineer.

Joao Wedson, Founder and CEO of Alphractal, highlighted three key metrics in a post on the X platform: the Stablecoin Supply Ratio (SSR) Oscillator, the Long-Term Stablecoin Ratio Channel, and the Short-Term Stablecoin Ratio Channel. None of these indicators are currently signaling overbought conditions, providing a favorable market outlook for investors. 

What Do Stablecoin Metrics Mean for Bitcoin? 

Stablecoin data is becoming increasingly popular for measuring market movements. The SSR Oscillator evaluates Bitcoin’s market cap relative to stablecoin liquidity. This indicator uses the 200-day moving average and standard deviation to signal when Bitcoin is undervalued or when the market is overheated. According to Alphractal, the SSR Oscillator has yet to issue a sell signal. 

3 Stablecoin Metrics That Indicate: The Bitcoin Cycle Isn’t Over!
In the cryptocurrency universe, finding reliable signals is like striking gold. At Alphractal, we’ve developed powerful oscillators that correlate Bitcoin with stablecoins, generating alpha signals that few in… pic.twitter.com/9kRPjE2V5H

— Joao Wedson (@joao_wedson) June 29, 2025

The Stablecoin Ratio Channel offers two perspectives: the long-term view helps investors assess whether Bitcoin is fairly valued, supporting strategic decision-making. Meanwhile, the short-term view offers momentum-based signals through oscillation frequency, benefiting traders who operate on daily or weekly timeframes. 

Wedson’s charts show multiple “buy” signals since the start of 2025, reinforcing investor optimism. Ethereum’s 37.04% increase over the same period further supports this positive outlook. 

Regulatory Risks and the $2 Trillion Stablecoin Market 

Despite the strong performances of Bitcoin and Ethereum, certain risks remain. Notably, regulations from major economies like the U.S. and the European Union targeting the stablecoin market could impact the broader crypto space. 

However, low interest rates continue to support a favorable investment environment. The U.S. Treasury projects that the stablecoin market could soon reach a valuation of $2 trillion—highlighting its vast potential. 

Both Bitcoin and the broader crypto market have shown strength in Q2 2025. As stablecoin metrics continue to emit bullish signals, investor attention is increasingly turning toward this sector. 

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The post Bitcoin Soars 31% in Q2 2025 Amid Positive Stablecoin Signals appeared first on Coin Engineer.