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Ethena Labs Withdraws $78.66M Amid Market Pressure

The post Ethena Labs Withdraws $78. 66M Amid Market Pressure appeared com. In a surprising market move that’s capturing attention across the cryptocurrency space, an address linked to Ethena Labs has executed a massive ENA token withdrawal worth nearly $80 million. This substantial movement of the ENA token comes at a critical time when the digital asset faces significant market pressure and declining prices. What Does This Massive ENA Token Withdrawal Mean? According to recent on-chain data from Onchain Lens, the Ethena Labs-associated address pulled 260. 15 million ENA tokens from Bybit and Coinbase Prime over a two-week period. The total value of this ENA token movement reached $78. 66 million, creating substantial waves in the cryptocurrency community. Currently, this ENA token holding sits at an unrealized loss of approximately $12. 1 million, highlighting the challenging market conditions. Understanding the Current ENA Token Market Situation The timing of this ENA token withdrawal raises important questions about market strategy and future expectations. CoinMarketCap data shows the ENA token trading at $0. 2556, representing a 6. 11% decline over the past 24 hours. This ENA token price movement reflects broader market trends while also suggesting specific pressures on the project’s native cryptocurrency. Several factors could explain this substantial ENA token movement: Strategic repositioning of ENA token holdings Risk management during market volatility Preparation for future developments involving the ENA token Response to market conditions affecting ENA token value Why Should Investors Care About This ENA Token Movement? Large-scale movements of the ENA token by project-associated addresses often signal important developments ahead. When substantial amounts of ENA token leave exchanges, it typically reduces immediate selling pressure. However, the current unrealized loss on this ENA token position indicates the complex dynamics at play in today’s cryptocurrency markets. The ENA token withdrawal represents one of the largest recent movements in the project’s history. Market analysts are closely watching how this ENA token.

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Iowa quarterback Mark Gronowski reflects on lone season with the Hawkeyes

On Jan. 7, 2025, former South Dakota State quarterback Mark Gronowski announced his intention to transfer to Iowa for his final season of eligibility. The announcement sent Hawkeye fans into pure euphoria, knowing they finally landed a competent quarterback. Gronowski turned down an opportunity to enter the NFL Draft after his senior season at South. The post Iowa quarterback Mark Gronowski reflects on lone season with the Hawkeyes appeared first on The Daily Iowan.

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Bitcoin Price Crashes Under $90K, Triggering Fresh Fears of Deeper Weakness

Bitcoin price started another decline below $90,000. BTC is now showing bearish signs and might struggle to recover above $88,5000. Bitcoin started a fresh decline below $92,000 and $90,000. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $90,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay in a positive zone above the $90,000 level. BTC bears remained active below $88,800 and pushed the price lower. The bears gained strength and were able to push the price below the $87,500 zone. A low was formed at $85,276, and the price is now consolidating losses below the 23. 6% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low. Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $91,500 on the hourly chart of the BTC/USD pair. If the bulls attempt another recovery wave, the price could face resistance near the $87,000 level. The first key resistance is near the $89,000 level and the 50% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low. The next resistance could be $91,000 and the trend line. A close above the $91,000 resistance might send the price further higher. In the stated case, the price could rise and test the $92,500 resistance. Any more gains might send the price toward the $93,200 level. The next barrier for the bulls could be $94,500 and $95,000. More Losses In BTC? If Bitcoin fails to rise above the $90,000 resistance zone, it could start another decline. Immediate support is near the $85,500 level. The first major support is near the $85,000 level. The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $80,000, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) The RSI for BTC/USD is now below the 50 level. Major Support Levels $85,500, followed by $85,000. Major Resistance Levels $87,000 and $89,000.

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Bitcoin Nears End Of 2022–2025 Market Cycle: CryptoQuant

The post Bitcoin Nears End Of 2022-2025 Market Cycle: CryptoQuant appeared com. Bitcoin is entering bearish territory as institutional demand dries up and key market indicators point to a downward phase, according to data from analytics platform CryptoQuant. Bitcoin (BTC) market conditions have turned the “most bearish” within the current bull cycle that started in January 2023, CryptoQuant said in its latest crypto weekly report shared with Cointelegraph. CryptoQuant’s Bull Score Index has declined to extreme bearish levels of 20/100, while the BTC price has fallen far below the 365-day moving average of $102,000 a key technical level and the final bearish signal marking the start of the 2022 bear market. The price drop comes amid weakening institutional demand, including reduced buying by Bitcoin treasury firms such as Michael Saylor’s Strategy, along with limited inflows into exchange-traded funds (ETFs). Corporate Bitcoin demand tapers off Even with Strategy’s latest purchase of 8, 178 BTC ($835 million) its largest acquisition since July 2025 the buy remains significantly smaller than many of its previous major purchases, CryptoQuant’s head of research Julio Moreno noted in an X post on Wednesday. “Treasury companies have basically stopped buying, some have even sold part of their holdings,” Moreno observed, referring to companies like Metaplanet, whose most recent BTC purchase was in September. 4 billion around 30% below last year’s total of $41. 7 billion, according to data from CoinShares. Key market drivers “off the cards” Addressing the past key market catalysts, CryptoQuant mentioned Donald Trump’s presidential election win in 2024, which pushed Bitcoin above $100,000 for the first time by early December. In 2025, the launch of several Bitcoin Treasury Companies pushed Bitcoin above $120,000 in August. “Those catalysts are now gone,” the report states, adding: “What.

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Bitcoin Miner CIFR Adds to Nvidia-Led Gains After New HPC Deal

The post Bitcoin Miner CIFR Adds to Nvidia-Led Gains After New HPC Deal appeared com. Cipher Mining (CIFR) announced a new 10 year HPC hosting agreement with Fluidstack that adds 56 MW of additional capacity at its Barber Lake site in Texas. The deal secures about $830 million in contracted revenue over the initial term and expands Fluidstack’s lease to the full 300 MW available at the site. With two optional five year extensions, the agreement’s value could rise to about $2. 0 billion for this expansion and roughly $9. 0 billion across the broader partnership. Cipher will deliver 39 MW of additional critical IT load, supported by 56 MW of gross capacity. Google increased its backstop of Fluidstack’s lease obligations by $333 million, bringing its total support to $1. 73 billion. Cipher plans to fund the buildout through project related debt and about $118 million in additional equity contributions. The company expects strong financial performance from the Barber Lake site, forecasting a net operating income margin of 85 to 90% and project costs of $9 to $10 million per MW. Cipher says the expansion strengthens its position in high performance computing and supports its growing 3. 2 GW development pipeline. Shares of Cipher Mining were already higher by more than 10% following strong results and outlook from AI-bellwether Nvidia Wednesday evening. This latest news has pushed those gains to 13%. Source:.

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Under The Radar Australia Enter Home Ashes Overshadowed By Bazball

The post Under The Radar Australia Enter Home Ashes Overshadowed By Bazball appeared com. Smith made a bizarre rebuttal of inflammatory comments made by former England spinner Monty Panesar, who urged England fans to remind Smith about his role in the infamous Sandpaper scandal in 2018. His seemingly scripted verbal attacks on Panesar have not gone down well in the U. K, sparking the usual nonsense long seen in an Ashes contest that grips England and Australia countries where cricket holds special tradition but is increasingly becoming niche. Smith’s comments has put the spotlight back on Australia, who had entered the first Test in Perth relatively under the radar given most of the focus has been over ‘Bazball’ -England’s ultra-attacking style of play that is widely derided Down Under. Australia also enter the series without inspirational captain Pat Cummins and fellow quick Josh Hazlewood, testing their depth. Australia enter match with two debutants for the first time this decade and there is an unknown over this side that usually enters home Ashes series as red-hot favorites. But the pressure is firmly on England, who are widely deemed to need a victory on the fast and bouncy Perth Stadium surface. The second Test will be played at.

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