Crypto On Alert: Raoul Pal Hints At Macro Twist Post-US Govt Shutdown

As the latest US government shutdown ends and markets refocus on macro plumbing, Raoul Pal has sketched out a strikingly liquidity-heavy roadmap on X – one that, in his framework, has direct implications for crypto. “So now the US Gov has reopened, what’s next?” Pal asks. He immediately points to the Treasury General Account (TGA): “Expect a few days for TGA spending to begin to significantly add to liquidity and should persist for several months.Obviously, QT ends in Dec and the balance sheet will crawl higher. We should see the dollar begin to weaken again.” Mechanically, TGA....

Industry Feedback: Crypto Market Structure Bill Draft Raises Calls For Improv...

The unveiling of the anticipated draft of the crypto-centric Market Structure Bill has stirred a wave of reactions and demands for key enhancements from industry stakeholders.  Crypto Market Structure Bill Draft Under Scrutiny According to Crypto In America, the long-awaited market structure discussion draft presented by the Senate Agriculture Committee this week has left many in […]

Perché Bitcoin Hyper è uno dei presale crypto più discussi del 2025

Bitcoinist descrive Bitcoin Hyper (token HYPER) come una delle presale più rilevanti nel panorama crypto del 2025, grazie al suo progetto di Layer 2 su Bitcoin. L’idea alla base è offrire una rete più veloce e programmabile (dApps, staking, trasferimenti) pur continuando a usare Bitcoin come livello di “settlement”, combinando sicurezza e scalabilità. L’architettura tecnica […]

Whale Wallet Buys $500K+ in Bitcoin Hyper as Presale Hits $27.5M. Is It the N...

Quick Facts: ➡️ A whale bought $500K worth of Bitcoin Hyper ($HYPER), marking perhaps the biggest sign of confidence yet on the project. ➡️ Whale buys, particularly in early stages, typically precede broader retail interest and exchange listings. ➡️ The whale buy has helped push the Bitcoin Hyper presale to over $27.5M raised. ➡️ Hyper’s […]

Bitfarms Says AI-Compute Pivot Could Make More Than Bitcoin Mining Ever Did

Bitcoin miner Bitfarms has announced plans to pull back on Bitcoin mining in the coming two years and pivot toward AI-compute centers. Bitfarms CEO Says Pivot To AI-Compute Business Could Out-Earn Bitcoin Mining In a press release, Bitcoin mining company Bitfarms has revealed plans to convert one of its facilities to support High-Performance Computing (HPC)/Artificial […]

Solana Price Consolidates as Best Wallet Presale Surges Past $17M

Quick Facts: ➡️ Market focus is shifting from single Layer-1s like Solana to cross-chain wallet infrastructure that simplifies access and trading. ➡️ Best Wallet leverage’s Fireblocks’ MPC-CMP technology to offer institutional-grade, non-custodial security in a mobile-first crypto wallet, aiming for a 40% market share. ➡️ The $BEST token presale has gained significant momentum, raising over […]

What Will Trigger The XRP 1,300% Break To $36 This Bull Cycle?

The weekly chart for XRP has compressed into a decisive structure that now sits on the edge of a major move, and the latest projection from crypto analyst Dark Defender outlines how this structure could push to as high as $36 this bull cycle. His outlook centers on an Elliott Wave pattern that started forming in June, and the chart behind the analysis shows a sequence that is approaching the point where momentum returns with force. Elliott Wave Structure Points To A Wave Three Expansion Technical analysis of the XRP’s weekly candlestick timeframe chart shows that the cryptocurrency....

Best Crypto to Buy & HODL as $BTC Drops to 6-Month Low

Quick Facts: ➡️ Bitcoin’s slide under $100K erased $250M in $BTC longs, but community sentiment is still net-bullish, hinting at a constructive dip. ➡️ Best Wallet Token ($BEST) combines fee discounts, staking, and roadmap utility, with a modeled potential high of $0.62 in 2026. ➡️ PepeNode ($PEPENODE) fuses meme energy with a burn-to-earn game loop; external […]

Best Meme Coins To Buy As Dogecoin Lines Up A 5x Setup

Quick Facts: ➡️ Bitcoin long-term holders have dumped roughly 815K $BTC while whales accumulated 45K $BTC, a classic sign of risk rotation toward deep-pocketed buyers. ➡️ Dogecoin is consolidating in a fresh weekly accumulation zone, with technical structures that historically preceded multi-x rallies and renewed meme-sector interest. ➡️ Bitcoin Hyper, Maxi Doge, and FLOKI ride […]

Crypto Titan Grayscale Joins IPO Rush In The US: What Investors Need To Know

Following the conclusion of the recent US government shutdown, Grayscale, the industry’s leading asset manager, has made a significant move by filing for its initial public offering (IPO) with US regulators.  This step aligns with a trend where several crypto-focused companies have been increasingly entering the IPO race, reflecting the growing prominence of digital assets […]

Nearly 25% of Asian Adults Online May Hold Crypto: $BEST Presale Passes $17M ...

Quick Facts: ➡️ Nearly a quarter of APAC adults with internet access may own crypto, pointing to strong regional onboarding tailwinds for simple, secure wallets. ➡️ Reducing friction with multi-chain support, clean swaps, and clear fee flows drives retention as first-time users move beyond their debut transaction. ➡️ $BEST ties wallet utility to incentives with […]

As Bitcoin Hits a 6-Month Low at $96K, Whales and Traders Rotate to Bitcoin H...

Quick Facts: ➡️ Bitcoin fell to a six-month low as equities retreated; long-term holders sold ~815K $BTC in a month, intensifying sell-side pressure. ➡️ The selloff looks like a supply shock and de-risking rather than a structural failure. ➡️ Capital rotation is favoring utility-led presales like Bitcoin Hyper, which saw a whale snap up tokens […]

Jack Dorsey’s Cash App Backs Stablecoins On Solana – Why That’s Bullish For B...

What to Know: Cash App will add stablecoin send/receive using Solana rails in 2026, pushing fast, low-cost dollar payments into the mainstream. Stablecoin UX at scale shifts power to wallets that simplify cross-chain swaps, presales access, and spending – the core Best Wallet stack. Best Wallet’s utility narrative – multichain, non-custodial, integrated DEX, card roadmap – maps cleanly onto the new payments landscape. $BEST’s $17M+ presale has a $0.025945 price, with 77% APY staking that declines over time to balance rewards and supply. Jack Dorsey just widened the rails for mainstream....

Altcoin Derivatives Activity Thins: Open Interest Drops To Cycle Lows

Data shows the Altcoin futures market has seen a decline in speculative engagement recently as the Open Interest has plummeted. Altcoin Open Interest Is Now Near Cycle Lows In its latest weekly report, on-chain analytics firm Glassnode has talked about the broad cooldown in speculation that altcoins have witnessed recently. The metric of relevance here […]

Fear Not: Bitcoin Whale Selling Doesn’t Point To A Crypto Meltdown—Analysts

Bitcoin dropped to $96,000 on heavy selling Friday, and falling risk appetite, leaving traders and analysts parsing whether this is normal profit-taking or a larger turning point for the market. Related Reading: XRP Earns Academic Praise: University Study Calls It ‘Gold In Your Hands’ According to on-chain and market reports, the drop wiped out more than $700 million in long positions and left November down by more than 10%. Whale Transfers Draw Focus Reports have disclosed that a wallet tied to trader Owen Gunden moved 2,400 Bitcoin — about $237 million — onto the Kraken exchange, a....

Best Presales Live News Today: Latest Updates on Early Crypto Projects with 1...

Stay Ahead with the Latest Insights of Today’s Best Presales News Check out our Live Best Presales Updates for November 7, 2025! Of all the crypto opportunities out there, presales are often the most promising and potentially the most profitable. These early-stage projects raise funds to launch community-driven meme coins, utility-heavy projects, and even degen […]

Czech Central Bank Purchases Bitcoin For $1M Crypto ‘Test Portfolio’ Pilot – ...

The Czech National Bank (CNB) has launched its $1 million crypto “test portfolio” pilot with the acquisition of Bitcoin (BTC), stablecoins, and tokenized deposits. The initiative follows previous efforts to diversify its international asset reserves with cryptocurrencies. Related Reading: European Banking Regulator Says EU Crypto Framework Addresses ECB’s Stablecoin Concerns Czech Central Bank Launches Bitcoin, […]

How Low Can Bitcoin Price Go? JPMorgan Points To A Key Threshold

JPMorgan has put a numerical marker under this Bitcoin cycle, telling clients that the market’s “pain threshold” now sits near $94,000 — a level the bank frames as both a mining-economics floor and an answer to the question of how low spot can realistically trade before fundamentals start to bite. According to reporting by The Block, the analyst team led by Nikolaos Panigirtzoglou argues that “Bitcoin’s downside from current levels appears to be ‘very limited,’” because they “see its support price at around $94,000.” How Low Can Bitcoin Go? The core of the call is JPMorgan’s updated....

Best Crypto Presales to Buy and HODL After the Massive Crypto Selloff

What to Know: Sentiment flipped negative after Bitcoin dipped below $100K for the second time this month, turning investors cautious and rather pessimistic. However, institutions remain bullish into year-end, with many planning to increase crypto allocations as regulatory clarity improves. Bitcoin Hyper ($HYPER) and Maxi Doge ($MAXI) are among the best crypto presales that align with today’s market: one solves throughput; the other captures rotation with community utility. Quant ($QNT) provides listed exposure to interoperability, trading on major exchanges with a market cap around the....

Bitcoin Maximalism Is Fading As Top Altcoins Like PEPENODE Rise

What to Know: Bitcoin’s ETF-driven evolution into digital gold is softening strict maximalism and encouraging more diversified crypto portfolios. Capital is rotating into top altcoins with real narratives, especially in infrastructure, AI and DePIN rather than pure speculation. PEPENODE mixes meme culture with gamified virtual mining and multi token rewards to keep holders engaged. For most of crypto’s history the script was simple: own Bitcoin, ignore everything else. That mindset is fading. Bitcoin now behaves more like digital gold, while the real experimentation (and much of the....

Singapore Sounds The Alarm: Are Stablecoins The Next Financial Threat?

Singapore’s top financial regulator has signaled a tougher stance on stablecoins, saying only fully supervised tokens should be treated as reliable money for big transactions. Related Reading: From Burgers To Bitcoin: Why The McDonald’s McRib Season Has Traders Talking Bullish Regulators are moving to separate settlement-grade instruments from the rest of the market. The message […]

The Descending Channel That Can Trigger A Bitcoin Price Crash To $88,000

Over the last few weeks, analysts have been predicting that the Bitcoin price could crash again after the initial October 10 crash. This is because of the weakening market trends that have shown that Bitcoin is still favoring a downtrend at this point. Crypto analyst Lixing_Gan on the TradingView website also shares this view, with the appearance of a descending trend pattern that suggests that the Bitcoin price is more likely to fall than rise. Bitcoin Price At Risk Of Major Crash Below $90,000 So far, the Bitcoin price has been able to maintain its hold above the psychological level of....

Bitcoin Miner Inflows Ramp Up: $7 Billion Sent To Binance

On-chain data shows Bitcoin miner Binance deposits have been at elevated levels recently, a potential sign that this group is selling. Bitcoin Miners Have Sent 71,000 BTC To Binance In November As explained by an analyst in a CryptoQuant Quicktake post, November has seen the miners send a notable amount of Bitcoin to cryptocurrency exchange […]

Coinbase Just Triggered A Major Crypto Turning Point, Bitwise Warns

Bitwise CIO Matt Hougan says crypto may have just crossed into a new structural era—and he argues that Coinbase is the catalyst. In a November 11 memo titled “The Next Big Disruption From Crypto,” Hougan writes that he “caught a glimpse of the future this week,” identifying a fourth major crypto-driven disruption: capital formation. Hougan […]

By The Numbers: First Spot XRP ETF Achieves Record Launch Amid 900 Competitors

Canary Capital’s XRP ETF made a historic debut on Thursday, surpassing its competitors by hitting $58 million in trading volume on its first day, setting a record for the most traded ETF launch this year.  This milestone was lauded by Bloomberg expert Eric Balchunas on the social media platform X (formerly Twitter), underlining the remarkable success of the XRP ETF in the market. The launch of the first XRP ETF in the United States earlier today had a notable impact on the XRP price, propelling it towards the crucial $2.5 level. However, subsequent market movements saw a 4%....

Bitcoin Crashes To $98,000 As HODLer Selling Accelerates

On-chain data shows Bitcoin long-term holders have been ramping up their selling recently, a potential reason behind BTC’s fall under $100,000. Bitcoin Long-Term Holders Have Been Booking Profits In a new post on X, on-chain analytics firm Glassnode has discussed about the latest trend in the supply of the Bitcoin long-term holders (LTHs). These are referred to as the investors holding their coins for a period longer than 155 days, without selling or involving them in a transaction on the blockchain. Related Reading: Bitcoin Sentiment Most Fearful Since March: Is A Bottom Near?....

XRP Enters New Phase as Whale Accumulation Gives Way to Retail Volatility – A...

XRP has taken center stage this week as the broader crypto market faces intensified selling pressure. Despite the volatility, a major breakthrough has arrived: Canary Capital’s XRP exchange-traded fund (ETF) has officially received regulatory approval, marking a historic step for the asset. On November 12, 2025, Nasdaq certified the product for listing, paving the way […]

Solana (SOL) Below $150 Again, Exposing Price to Additional Bearish Swings

Solana started a fresh decline below the $150 zone. SOL price is now consolidating losses below $150 and might decline further below $142. SOL price started a fresh decline below $155 and $150 against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $148 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $142 or $140. Solana Price Dips Again Solana price failed to remain stable above $162 and started a fresh....

First Spot XRP ETF Smashes Initial Expectations, Expert Suggests Record-Break...

Canary’s spot XRP Exchange-Traded Fund (ETF) has surpassed most of the experts’ predictions, and it is currently on track to see a record-breaking debut after registering strong institutional demand on its first day. Related Reading: Winklevoss Twins Back Zcash (ZEC) Treasury Company With $58M Investment First Spot XRP ETF Begins Trading On Thursday, the first single-token XRP spot ETF began trading on Nasdaq, smashing the initial performance expectations of multiple experts after clearing the last regulatory hurdles this week. Following the launch of Canary Capital’s spot XRP ETF (XRPC),....

Ethereum (ETH) Rebounds as 43-Day U.S. Shutdown Ends, Vitalik Buterin Outline...

Ethereum (ETH) is showing renewed strength after the U.S. government ended its historic 43-day shutdown, an event that had weighed heavily on investor confidence across global markets. Related Reading: Ethereum’s Fusaka Upgrade Is Just Around The Corner—What To Expect ETH price is currently hovering above the $3,400 support zone after a volatile week marked by […]

XRP Price Turns Red as Bulls Step Back and Bears Test Market Strength

XRP price started a fresh decline from $2.550. The price is now showing bearish signs and might extend losses if it dips below $2.250. XRP price started a fresh decline below the $2.450 zone. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2.235 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2.250. XRP Price Dips Further XRP price attempted more gains above $2.50 but failed to continue higher, like Bitcoin and....

Bitcoin Sentiment Most Fearful Since March: Is A Bottom Near?

As Bitcoin continues to show a bearish trajectory, the cryptocurrency Fear & Greed Index has fallen to its lowest extreme fear level since March. Bitcoin Fear & Greed Index Suggests Investors Are Extremely Fearful The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment that’s present among traders in the Bitcoin and wider cryptocurrency markets. Related Reading: Chainlink’s Next Major Move Comes After This Range, Analyst Says The index uses the data of the following five factors to determine the investor mentality:....

Early Bitcoin Whale Sells Over $600M in BTC After 13 Years of Holding

Bitcoin continues to face strong resistance as it struggles to reclaim higher supply levels, with price action stalling below the $105,000 mark. The market remains caught between cautious optimism and lingering fear, as selling pressure persists but downside momentum appears to be fading. According to on-chain data from Arkham Intelligence, whales have continued to offload […]

Ethereum Sheds 5% Amid Market Pullback, Raising Risks of Deeper Correction

Ethereum price failed to stay above $3,350 and extended losses. ETH is down over 5% and might struggle to recover above $3,450 in the near term. Ethereum started a fresh decline after it failed to stay above $3,500. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,150 zone. Ethereum Price Dips Sharply Ethereum price failed to continue higher above $3,550 and started a fresh....

Bitcoin Moves Beyond Retail — Institutional Ownership Now Defines The Market

Bitcoin is no longer the speculative playground it once was. What began as a retail-driven movement powered by early adopters and crypto enthusiasts has evolved into a market increasingly shaped by institutional capital, from BTC ETFs absorbing billions in inflows to corporations and hedge funds adding BTC to their balance sheets. Why Institutional Accumulation Has Changed Bitcoin Volatility The narrative around Bitcoin has undergone a fundamental transaction. According to the Arch Network post on X, the institutional participant in Bitcoin is no longer emerging; it’s already....

Here’s The $2 Trillion Market That Shiba Inu Just Moved Into

Shiba Inu (SHIB) has taken a bold leap and entered a $2 trillion market with a new partnership that could reshape its future trajectory. According to reports, the SHIB ecosystem is now expanding into the telecommunications sector through its alliance with Unity Nodes, signaling a significant shift from speculative trading and investments toward real-world functionality. […]

Bitcoin Drops Under $100K as Risk Appetite Fades in Crypto Markets

Bitcoin price failed to recover above $104,000. BTC is down over 4% and there are chances of more downsides below $98,000. Bitcoin started a fresh decline below $102,000 and $100,000. The price is trading below $100,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $102,200 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 $98,500 zone. Bitcoin Price Dips Sharply Bitcoin price failed to stay in a positive zone above the $103,500 pivot level. BTC bears remained....

Who’s Selling Bitcoin? Fidelity Research Boss Breaks It Down

Visible buying from spot bitcoin ETPs and corporates has not translated into decisive upside, leaving traders to ask a blunt question: who is supplying the market? For Chris Kuiper, CFA, vice president of research at Fidelity Digital Assets, the answer is clear. “ ‘Who is selling?’ is the number one question I’ve been getting regarding bitcoin’s continued price pressure against a backdrop of visible buying,” he wrote on X on November 12. “I’m not unique in suggesting it’s the long-term holders (or HODLers).” Kuiper points to a simple but powerful on-chain gauge: the....

149 Million XRP Exit Crypto Exchanges In One Day, What’s Going On?

The amount of XRP held on centralized exchanges has dropped sharply in recent days, creating a noticeable shift in the asset’s on-chain profile ahead of a major milestone for the cryptocurrency. Data shows that more than 149 million XRP, worth roughly $336 million, exited exchanges within a 24-hour window.  The movement comes at a time […]

Dormant Bitcoin Giant Stirs, Unloads 12,000 BTC In Surprise Move

A large, dormant Bitcoin wallet moved a massive amount of coins to an exchange on Thursday, rattling traders and reigniting debate about where big holders stand. Related Reading: Could Shiba Inu Triple? Analyst Sees 200% Move Coming According to on-chain data, a Satoshi-era wallet that had not moved funds for 13 years transferred roughly 12,000 BTC — about $1.4 billion at current prices — in a set of transactions that landed on an exchange ledger. Whale Moves Stir Markets Reports have disclosed that the transfers came as Bitcoin hovered near a key price band. The coin fell about 2% after....

Crypto Users Targeted: Scammers Impersonate Police Using Australia’s Cybercri...

Cybercriminals in Australia are exploiting the country’s official cybercrime reporting platform to impersonate federal police officers and steal cryptocurrency, prompting urgent warnings from national authorities. Related Reading: Ethereum’s Fusaka Upgrade Is Just Around The Corner—What To Expect The scheme, uncovered by the Australian Federal Police (AFP) and its Joint Policing Cybercrime Coordination Centre (JPC3), highlights […]

SUI Silent Comeback: The Underdog Preparing For A $20 Charge

In a latest update, BeLaunch posed the high-stakes question: Could SUI really reach $20 in the next bull cycle? After getting hit hard during the October 10 flash crash, SUI is starting to show strength again, and the charts are now painting a very interesting picture that could signal the beginning of a major turnaround. Potential Scenarios For SUI BeLaunch recently outlined two possible scenarios for SUI’s next move, each with distinct probabilities and implications. According to the analysis, the token is currently at a critical juncture, where its next few moves could determine the....

If The Dogecoin Price Successfully Breaks This Zone, Then Prepare For A Stron...

The Dogecoin price has spent the past few days attempting to recover from a decline that has affected the entire industry for weeks, shifting from a clear downtrend earlier in the month into a more constructive structure. After dipping below the $0.16 region, buyers began stepping back in to form a series of higher lows […]

List Of 16 Blockchains That Can Freeze Your Crypto On-Chain; Bybit Report

A new study by Bybit’s Lazarus Security Lab has revealed that 16 major blockchain networks can freeze users’ crypto on-chain. This capability allows blockchain foundations or validators to step in and restrict transactions, thereby challenging the core principle of decentralization. While these freezing mechanisms are often employed to prevent hacks, and other security risks, they […]

Analyst Predicts XRP “Supply Crisis” To Trigger The Next Parabolic Rally

An analyst has sounded the alarm on what could become one of the most explosive rally in XRP’s history. As the cryptocurrency prepares for its long-awaited Exchange-Traded Fund (ETF) debut, the balance of XRP on major exchanges continues to decline. Analysts are warning that an impending supply crisis could spark a significant surge in the XRP price, which is currently more than 34% below its all-time high levels.  XRP Supply Shortage To Trigger Parabolic Surge Amidst ongoing market volatility and whale capitulation, crypto market expert Arthur remains positive about XRP, drawing attention....

Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies A...

On Thursday, the Bitcoin price fell toward the $98,000 mark, with November shaping up to mirror October’s performance as the market’s leading cryptocurrency continues to hit lower lows over the past month, confirming a prevalent downtrend in the market. Bitcoin Price Uncertainty Grows Post-Government Shutdown This downturn is indicative of growing market uncertainty, particularly following President Donald Trump’s signing of a bill that ended the longest government shutdown in US history on Wednesday.  Related Reading: Solana at a Breaking Point: Fading Memecoin Hype and Alameda....

Bitcoin Holders Hit New Accumulation Benchmark As Demand Grows, Is A Rebound ...

Despite the ongoing bearish action in the price of Bitcoin, major investors remain unshaken by the downward trend, as they exhibit steady interest in the flagship cryptocurrency asset. In a market where sentiment is heavily negative, these key players seem to be doubling down and banking on BTC, scooping up the asset at a rapid […]

XRP Earns Academic Praise: University Study Calls It ‘Gold In Your Hands’

According to reports, a bipartisan draft bill in the US Senate has reignited arguments about whether XRP is a commodity or a security. Related Reading: XRP Has Held Its Ground As Most Altcoins Fall, Market Observers Say The Bipartisan Market Structure Draft would divide oversight: the Commodity Futures Trading Commission would police digital commodities like XRP and Bitcoin, while the Securities and Exchange Commission would keep authority over traditional securities. Proponents say the move could remove years of legal uncertainty for many tokens. Durham Study Frames XRP As Commodity Based....

Visa Taps Stablecoins To Eliminate Payment Delays For Creators And Gig Workers

Visa has begun piloting a new way for businesses to send money to freelancers, creators and gig workers by paying directly into stablecoin wallets, according to company statements and industry reports. The move aims to cut the time it takes for people to access their earnings and to offer an alternative to bank or card […]

$1.33B Ethereum Whale Just Moved Another $120M USDT to Binance – Details

Ethereum is showing signs of weakness as it struggles to reclaim higher price levels amid sustained selling pressure and broader market uncertainty. After several failed attempts to break above key resistance near $3,600, the asset remains range-bound, reflecting the cautious sentiment across the crypto market. Despite this, several analysts believe the current phase could represent the final shakeout before Ethereum begins its next major rally. Related Reading: Ethereum Whale Adds $105M To His ETH Position – $1.33B Bought Since Nov 4 According to recent on-chain data, large holders —....