Circle's new feature would violate crypto's core ethos of immutability

The post Coinbase’s XRP Holdings Collapse by $2.8 Billion in 3 Months appeared on BitcoinEthereumNews.com. Coinbase’s presence in XRP has almost disappeared. At the start of summer, the exchange held around 970 million XRP across 52 cold wallets. Ten of these wallets held approximately 26.8 million coins each, while the remaining wallets held a further 16.8 million.  Three months later, only four of those wallets are still active, each holding around 16.4 million XRP, according to XRPWallets. This equates to approximately 65.6 million XRP remaining — less than 7% of the total held in June. I’ve been watching a few of them like these. New subwallets then more is added. I was hoping to see where they go to from here after ETF for example. Just odd they would drain all their Cold wallets to new wallets unless there’s a use planned for them.https://t.co/mAYrnAdrpc — XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) September 18, 2025 More than 900 million XRP have moved out of Coinbase’s active storage in under 90 days, worth close to $2.8 billion at its current price.  Just this past weekend, a transfer of 16.5 million XRP — equivalent to $51.4 million — passed through the exchange, demonstrating that large transactions are ongoing even as the old wallets continue to empty. What’s behind Coinbase’s XRP shuffle? Overall, 48 of Coinbase’s 52 tracked wallets are now inactive. On-chain observers point out that this does not necessarily mean that the coins are leaving the platform completely. They could just as easily be transferred into new wallets that have not been identified yet as part of regular custody restructuring.  However, given the size of these transactions, some are wondering if institutions are absorbing the coins. One theory is that large players — possibly even companies such as BlackRock — could be using Coinbase’s infrastructure to build positions for clients without leaving a public trail. Whatever the case may be, the numbers…

The post BTC Leverage Builds Near $120K, Big Test Ahead appeared on BitcoinEthereumNews.com. Key Insights: Heavy leverage builds at $118K–$120K, turning the zone into Bitcoin’s next critical resistance test. Rejection from point of interest with delta divergences suggests cooling momentum after the recent FOMC-driven spike. Support levels at $114K–$115K may attract buyers if BTC fails to break above $120K. BTC Leverage Builds Near $120K, Big Test Ahead Bitcoin was trading around $117,099, with daily volume close to $59.1 billion. The price has seen a marginal 0.01% gain over the past 24 hours and a 2% rise in the past week. Data shared by Killa points to heavy leverage building between $118,000 and $120,000. Heatmap charts back this up, showing dense liquidity bands in that zone. Such clusters of orders often act as magnets for price action, as markets tend to move where liquidity is stacked. Price Action Around the POI Analysis from JoelXBT highlights how Bitcoin tapped into a key point of interest (POI) during the recent FOMC-driven spike. This move coincided with what was called the “zone of max delta pain”, a level where aggressive volume left imbalances in order flow. Source: JoelXBT /X Following the test of this area, BTC faced rejection and began to pull back. Delta indicators revealed extended divergences, with price rising while buyer strength weakened. That mismatch suggests demand failed to keep up with the pace of the rally, leaving room for short-term cooling. Resistance and Support Levels The $118K–$120K range now stands as a major resistance band. A clean move through $120K could force leveraged shorts to cover, potentially driving further upside. On the downside, smaller liquidity clusters are visible near $114K–$115K. If rejection holds at the top, these levels are likely to act as the first supports where buyers may attempt to step in. Market Outlook Bitcoin’s next decisive move will likely form around the…