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Tether has witnessed a significant surge in on-chain activity in recent weeks, which could signal potential buying pressure following the latest crypto dip. Market intelligence platform Santiment says on-chain data related to Tether ( USDT ) points in this direction. In particular, analysts at the on-chain and social metrics monitoring platform believe a spike in USDT volume indicates a shift in trader dynamics as they look to pounce on the available opportunity. In the market, major price drops often see traders retreat to top stablecoins, using the loaded-up buying power to flock into Bitcoin ( BTC ) and other top coins when the opportunity arises. Data Santiment has collated shows USDT recorded a six-month high for the number of wallets making transfers in a single day. “Tether’s on-chain activity has been rapidly rising, with over 143K wallets making transfers yesterday alone (a 6-month high). When $USDT & other stablecoin activity spikes during price drops, traders are preparing to buy,” the platform posted on X. According to the analysts, the rise in buying pressure has often aided the crypto market’s recovery. Mainly, this is because during sell-offs, stablecoins such as USDT and USDC ( USDC ) come in handy. Traders worried about potential dumps often cash out, taking stablecoins as potential store-of-value assets. When sentiment flips, these offer an opportunity to scoop up profitable deals. With BTC and altcoins experiencing huge losses amid broader risk-off sentiment, Tether’s on-chain activity has soared. The daily active address count and network growth over the past week mirror Tether activity in mid-September, Santiment noted. On September 14, for instance, Tether saw the creation of 53,767 new wallets in one day. The overall surge aligned with the “ideal buy time before the bull run” that saw Bitcoin go on to hit an all-time high above $109k. Could the 143,480 USDT wallets that undertook transfers on March 11, 2025, portend a similar scenario?

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Ethereum price has been experiencing significant downward pressure, leaving investors wondering if this is a buying opportunity or the start of a prolonged decline. The recent price action has shown Ethereum struggling to hold key support levels, with ETH price currently trading at $1,887. The cryptocurrency market, including Ethereum, has been facing challenges due to macro uncertainty, regulatory concerns, and decreased investor confidence. With Ethereum’s RSI (Relative Strength Index) at 23.61, it has entered oversold territory, which often signals that a potential bounce could be on the horizon. However, the MACD (Moving Average Convergence Divergence) remains deep in negative territory, suggesting that bearish momentum is still in control. This raises the key question— will Ethereum stage a strong rebound, or is ETH heading for further losses? Ethereum’s decline can be attributed to multiple factors, including overall market sentiment, increasing competition from alternative blockchains, and macroeconomic conditions. The broader cryptocurrency market downturn has led to significant liquidations, and Ethereum has not been immune to this trend. Ethereum gas fees have remained volatile, making some users migrate to cheaper Layer-1 and Layer-2 solutions. These challenges have raised questions about whether Ethereum’s dominance in the smart contract ecosystem is under threat. Despite these concerns, Ethereum continues to have strong institutional backing, a robust developer community, and ongoing network upgrades. However, the price action remains bearish in the short term, and Ethereum must reclaim key levels to confirm a bullish reversal. Ethereum’s price action remains under strong selling pressure , and the current chart suggests that ETH is testing a critical support zone between $1,850 and $1,800. If Ethereum fails to hold this level, further downside could push ETH toward $1,600 or even $1,400 in an extreme bearish scenario. The RSI at 23.61 indicates that Ethereum is oversold, suggesting that a bounce could be expected soon. Historically, ETH has seen strong recoveries when RSI dips below 30, but this is not a guaranteed reversal. For a bullish comeback, Ethereum must reclaim $2,000 and hold it as support. The MACD remains deep in negative territory, showing that bearish momentum is still dominant. Until Ethereum sees a bullish crossover on the MACD, buyers should remain cautious. If Ethereum manages to hold the $1,850 support and break back above $2,200, it could signal a trend reversal, with a mid-term target of $2,500-$2,700. However, if sellers maintain control and ETH loses $1,800, further declines could be in store before a recovery can take place. Ethereum remains a long-term powerhouse in the blockchain space, and its fundamentals continue to be strong. The Ethereum network upgrade roadmap, institutional interest, and increasing real-world use cases make it a compelling investment. However, the short-term technical outlook remains uncertain. In a bearish scenario , Ethereum could see a deeper correction, testing $1,600-$1,400 before finding significant support. If the crypto market enters a prolonged bear phase, ETH might struggle to regain momentum in the short term. In a bullish scenario, if ETH price reclaims $2,500 and breaks key resistance at $3,000, it could regain its uptrend and push toward $4,000-$5,000 in 2025. A major catalyst, such as institutional adoption, ETF approval, or increased DeFi activity, could fuel a strong rally for Ethereum. ETH price is currently at a critical decision point, and its next move will determine whether it rebounds or continues its downtrend. While the long-term fundamentals remain bullish, the short-term price action suggests that Ethereum is still under pressure. For investors looking for short-term gains, waiting for confirmation of a reversal above $2,200 would be a safer strategy. However, for long-term holders, Ethereum at these levels presents a solid accumulation opportunity, given its historical tendency to recover strongly after major corrections. Ethereum’s future remains bright, but in the short term, traders should watch key support levels and technical indicators before making decisions. If ETH can hold above $1,850 and reclaim $2,200+, a rally toward new highs in 2025 remains a strong possibility.

Metaplanet has continued its Bitcoin acquisition strategy by purchasing 162 Bitcoins worth $13.5 million. The latest acquisition takes the company’s total Bitcoin holdings to 3,050 BTC, valued at approximately $253.7 million as of March 12, 2025. The purchase was made at an average price of $83,123 per Bitcoin, confirming Metaplanet’s strong commitment to Bitcoin as a future store of value. This latest addition further solidifies the company as a significant BTC owner and adds to its expanding cryptocurrency treasury. The latest acquisition is part of Metaplanet’s strategy to strengthen its Bitcoin holdings. The company’s total Bitcoin assets have reached $253.7 million, with an average purchase price of $83,180 per BTC. This approach has been highly effective in generating returns, as Metaplanet’s Bitcoin holdings have provided a 53.2% year-to-date yield. Related: Strategy (Formerly MicroStrategy) Launches $2.1 Billion Share Sale to Fund Further Bitcoin Acquisitions Beyond direct acquisitions, Metaplanet is taking measures to fund future Bitcoin purchases. The company announced that its Board of Directors has approved issuing its 8th Series of Ordinary Bonds to EVO FUND, amounting to JPY 2 billion (approximately $18.2 million). The proceeds are intended for further Bitcoin acquisitions, following the regulations in Metaplanet’s January 28, 2025, notice regarding stock acquisition rights. This move echoes similar efforts by other companies in the space, including MicroStrategy, which recently disclosed plans to raise $21 billion for Bitcoin purchases. These acquisitions often result in reduced circulation, creating upward price pressure as demand persists. Despite facing some selling pressure in recent weeks, Bitcoin has seen accumulation by large holders. Over the past 30 days, according to CryptoQuant data , Bitcoin whales have added more than 65,000 BTC to their positions, showing continued interest in the cryptocurrency despite short-term market corrections. As of the time of writing, Bitcoin was trading at $82,388.16, marking a 1.27% increase over the last 24 hours. The market capitalization stands at $1.63 trillion, with a trading volume of $47.24 billion, a 20.84% decrease from the previous period. Related: Metaplanet’s Stock is Up 3,600% Thanks to Bitcoin Further, Bitcoin’s circulating supply is 19.83 million BTC, with a total supply cap of 21 million BTC, highlighting its scarcity. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Nate Geraci, president of The ETF Store, disclosed that Franklin Templeton, which has an asset management scale of more than 1.5 trillion US dollars, has officially submitted an application for an XRP ETF, and Coinbase Custody Trust Company will serve as the custodian of the fund's XRP assets.