Gate Research Institute: Bitcoin New Investor Fund Inflows Turn Negative | Zerohash Integrates Monad and USDC

Cryptocurrency Asset Overview

BTC (-0.40% | Current Price: 67,263.9 USDT)

In the past week, Bitcoin has steadily declined from around $79,000, with a rapid dip to $59,980 followed by a strong rebound. It then entered a range-bound consolidation, currently around $67,914, showing a pattern of “sharp decline—recovery—sideways trading.” The MA5 and MA10 are repeatedly intertwined, with the price often under pressure below MA30. The moving average system remains in a bearish alignment, and the medium-term trend has not yet reversed. MACD rebounded below zero but has flattened again, with shorter red bars indicating momentum recovery without trend expansion. Short-term support is at $66,000, with resistance at $69,500–$70,000. A volume breakout above MA30 and a sustained hold above $70,000 could open the door to challenge $72,000; otherwise, the price is likely to continue oscillating within a weak range.

ETH (-0.01% | Current Price: 1,972.71 USDT)

Over the past week, Ethereum has fallen from around $2,400, with a low of $1,744 before showing a clear rebound. Currently around $1,973, its structure is similar to BTC, representing a technical correction phase after a sharp drop. MA5 has crossed above MA10, but overall remains below MA30. The moving averages are diverging bearish and gradually converging, indicating a slowdown in the downtrend without a trend reversal. MACD, after a bullish crossover from a low, has weakened, with narrowing red bars, signaling diminishing recovery momentum. Short-term support is at $1,950, with resistance at $2,000–$2,030. If volume is insufficient, upward movement is more likely to be absorbed within a range rather than a direct breakout into a sustained rally.

GT (0.00% | Current Price: 6.92 USDT)

GT is currently stabilizing near $6.8. Its overall trend aligns with mainstream cryptocurrencies, in a technical recovery phase. In the short term, GT price has approached the upper Bollinger Band, with MACD maintaining a bullish crossover that is expanding, indicating improved momentum. From the daily chart, GT remains in a low-range oscillation, with MACD still showing a bearish crossover, but the histogram bars are gradually shrinking, suggesting decreasing downward pressure. If the price can break above the $7 level effectively, it may further test resistance around $7.1–$7.2.

Daily Gainers and Losers

Over the past 24 hours, the overall crypto market has been under pressure, with major assets weakening across the board. BTC fell about 1.83%, dragging the market; ETH declined approximately 2.72%, with a sharper drop; XRP dropped about 2.00%, and SOL fell more sharply by 3.66%. The sector shows a synchronized correction pattern. Short-term capital remains risk-averse and cautious, with the market in a cooling-off and consolidation phase, showing no clear signs of risk appetite recovery.

BERA Berachain (+82.68%, Market Cap: $96.03 million)

According to Gate data, BERA is currently priced at $0.9151, up over 82.68% in 24 hours. Berachain is built around its unique PoL (Proof of Liquidity) mechanism, creating a “liquidity as security” L1 blockchain architecture. By deeply linking staking, liquidity provision, and governance incentives, it aims to establish a positive feedback loop between network security and ecological capital efficiency.

This rally is driven mainly by “mechanism optimization + ecosystem expansion.” On one hand, reduced inflation and converging reward structures improve long-term supply expectations; on the other, Berachain is accelerating integration with DeFi infrastructure like Tristero, expanding bridging, swapping, and zero MEV trading scenarios to enhance on-chain liquidity. As staking systems are implemented and DeFi ecosystems mature, the market interprets this as a signal of improved mainnet security and capital efficiency, attracting short-term capital inflows and amplifying price volatility.

LINEA Linea (+29.94%, Market Cap: $64.12 million)

According to Gate data, LINEA is currently priced at $0.004088, up over 29.94% in 24 hours. Linea is a high-performance Layer 2 network built on Ethereum ZK Rollup architecture, emphasizing “verifiable computation + scalable execution.” It leverages self-developed zk technology stacks and hardware acceleration to optimize proof generation efficiency, while promoting on-chain applications like AI Agents, identity, and liquidity mechanisms.

Recently, it launched the ERC-8004 standard, providing verifiable identity and portable reputation systems for AI Agents. It also released Vortex polynomial commitment benchmarks at the cryptography layer, achieving significant efficiency improvements in commit and open phases under GPU acceleration, reinforcing its narrative as a high-performance ZK execution environment. The recent surge is driven more by “technological breakthroughs + narrative upgrades.”

PIPPIN Pippin (+32.52%, Market Cap: $520 million)

According to Gate data, PIPPIN is currently priced at $0.51993, up 32.52% in 24 hours. Pippin originated from an SVG unicorn image based on ChatGPT-4o’s latest LLM benchmark. It is not a functional protocol but an emotional asset built on AI capability evolution, creator identity, and community narrative. Created by Yohei Nakajima, a prominent innovator and thought leader in AI × VC, promoting the “AI for VC” concept and continuously producing content and tools openly.

The recent sharp rise in PIPPIN is mainly driven by capital flows and structural speculation rather than fundamental or product developments. The price has completed a correction after a previous high, with recent volume increasing and breaking above key moving averages. MACD has turned positive again, with short-term momentum strengthening. With a circulating market cap of about $520 million and some chip turnover during the previous decline, combined with market sentiment and capital inflows, it could experience a phase of accelerated growth. However, it remains a high-volatility, high-emotion asset, with sustainability depending on trading activity and risk appetite continuation.

Market Highlights

Bitcoin New Investor Capital Flows Turn Negative, Early Signal of Bear Market

According to CryptoQuant, Bitcoin’s new investor capital inflow has shifted from positive to negative, indicating recent selling pressure is not being offset by new funds. On-chain, declining new inflows often correlate with reduced risk appetite and cooling market sentiment, leading to weaker buying momentum and increased susceptibility to sell-offs. Historically, diminishing new capital inflows often appear near market tops or late-stage rallies, serving as a leading indicator of a shift from strength to weakness.

When “selling chips are not absorbed by new capital,” the market relies more on existing holdings, increasing volatility and reducing rebound sustainability. Without stable new inflows, prices may enter sideways or weak correction phases. However, this indicator mainly reflects capital structure changes; comprehensive judgment should include exchange net flows, long-term holder behavior, and macro liquidity conditions to confirm if a bear cycle has begun.

Ethereum Staking Rate Breaks 30%, Reaching Record Highs, Supply Tightening and Liquidity Rebalancing

According to Token Terminal, Ethereum’s staking rate has surpassed 30%, hitting a new high. Over 30% of ETH supply is now locked in validator systems, enhancing network security (with reports indicating about $120 billion worth of staked ETH). Structurally, rising staking ratios suggest holders prefer “yield earning, less trading” allocations: reducing circulating supply and lowering spot liquidity, which may make marginal sell pressure more sensitive—if exchange/depth remains unchanged, thinner liquidity can amplify short-term volatility.

However, a “record high staking rate” does not guarantee price increases. The key is the source and friction of staking withdrawals: if new staking mainly comes from long-term holders earning yields, spot sell pressure may ease; if from leveraged or staked tokens (LST) re-staked on chains, system locking increases but risks shift to derivatives and collateral chains, with potential liquidations and discounts transmitting back to spot during extreme conditions. Overall, 30% is a critical structural threshold, reinforcing ETH’s “yield asset” nature while indicating liquidity contraction at the trading layer. Monitoring staking/exit queues, exchange net inflows, and LST discounts and on-chain lending health will be essential to assess the actual impact on price and volatility.

Zerohash Integrates Monad and USDC, Promoting L1 Stablecoin Payment Infrastructure

Blockchain infrastructure firm Zerohash has added support for the Monad network and USDC stablecoin, essentially expanding L1 stablecoin payment capabilities at the settlement layer. For clients like prediction platform Kalshi, HR platform Gusto, and trading platform Public, this means quick access to stablecoin payment channels without deploying nodes, managing on-chain infrastructure, or obtaining separate crypto licenses. Zerohash acts as a compliant intermediary, handling custody, settlement, KYC/AML, and abstracting on-chain interactions, significantly lowering onboarding barriers.

Industry-wise, this move strengthens the “stablecoin as a payment track” trend. Supporting real-time account deposits, cross-border payments, B2B settlements, and on-chain commerce, stablecoins are expanding from mere trading media to enterprise-level settlement tools. Achieving high-performance, low-latency payments on L1 networks will improve capital turnover and reduce cross-border settlement costs. Long-term, such infrastructure integration could enable more Web2 companies to embed on-chain payments without overhauling existing business models, accelerating stablecoin adoption in real-world commercial scenarios.

**References:** - Gate, [https://www.gate.com/trade/BTC_USDT](https://www.gate.com/trade/BTC_USDT) - Farside Investors, [https://farside.co.uk/btc/](https://farside.co.uk/btc/) - Gate, [https://www.gate.com/trade/ETH_USDT](https://www.gate.com/trade/ETH_USDT) - CoinGecko, [https://www.coingecko.com/en/cryptocurrency-heatmap](https://www.coingecko.com/en/cryptocurrency-heatmap) - Defillama, [https://defillama.com/etfs](https://defillama.com/etfs) - The Block, [https://www.theblock.co/post/389501/tether-purchaser-t-bills-usat-ceo-bo-hines](https://www.theblock.co/post/389501/tether-purchaser-t-bills-usat-ceo-bo-hines) - CoinMarketCap, [https://coinmarketcap.com/charts/](https://coinmarketcap.com/charts/)
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