News linked to both this project and an event.
Odaily News Over the past year, the ETH/BTC trading pair has cumulatively fallen by more than 35%, with the market structure continuously weakening, raising concerns about further downside risks. Analysts point out that the ETH/BTC trend remains suppressed by a multi-year descending trendline, a structure that has repeatedly capped rebounds since 2022 and was accompanied by a nearly 70% correction during the 2024–2025 market cycle.Currently, after attempting a rebound in August 2025 to the confluence zone of the 0.382 Fibonacci retracement level and the 50-month moving average, ETH/BTC was rejected and has subsequently broken below support at the 20-month moving average, indicating sustained selling pressure dominance. Technical models suggest that if this weakness persists, the next key support level could be around 0.0176 BTC, representing approximately 40% downside from current levels and approaching the cycle low area of 2020.On-chain data shows that ETH reserves on Binance have continued to rise, reaching approximately 3.62 million coins as of May, accounting for about 24.6% of the total exchange holdings across the network, signaling increased potential selling pressure. In contrast, Bitcoin exchange reserves have continued to decline, reflecting tightening BTC liquidity and stronger holding sentiment.The analysis suggests that this divergence in data reinforces ETH's relatively weaker market structure. Meanwhile, at the narrative level, the "ultra-sound money" narrative surrounding Ethereum has cooled off, while Bitcoin continues to benefit from institutional allocation and corporate treasury demand, placing ETH under pressure from both capital flows and market narrative. (Cointelegraph)
According to on-chain analyst Ai Aunt (@ai_9684xtpa), wallet address 0x2Dc…1AA2D purchased 80 billion PEPE tokens again after an 8-month hiatus, spending approximately $3.08 million. Previously, on August 14, 2025, this address withdrew 660 billion PEPE tokens at an average price of $0.0000122. Following this top-up, its average holding cost dropped to approximately $0.0000074; however, it remains underwater by roughly $5.094 million as of now.
According to CoinDesk, the U.S. March CPI data will be released on Friday. Markets expect the annual growth rate to jump from 2.4% in February to 3.4%, yet Bitcoin markets have reacted calmly. The options market currently prices in only about a 2.5% volatility range, and the BVIV Index (30-day implied volatility) has fallen to 46.5%, its lowest level since January 31. Traders broadly view this release as non-eventful. This CPI report is drawing heightened attention primarily due to energy shocks triggered by the Iran conflict—U.S. gasoline prices surged above $4 per gallon in March, the first time since August 2022. Multiple analysts note that softer-than-expected data could revive rate-cut expectations, while hotter data would reinforce the “higher-for-longer” interest-rate narrative—exerting an asymmetric impact on crypto markets.