Vijay Gir

Bitcoin's market movement often defies predictions, largely due to the challenge of interpreting market sentiments. Currently, Bitcoin trades at $98,268, slightly up by 0.08% in 24 hours. It briefly touched $99,950 but was pushed down by the 100-day moving average (MA). The 200-day MA now acts as support, though a falling RSI at 53.60 and reduced trading volume (-17.90%) hint at bearish sentiment. Despite a Fear and Greed Index of 79 (extreme greed), the market feels pessimistic.

Historical data shows Bitcoin's price often moves contrary to dominant market sentiment. When bullish speculation rises, such as calls for $110K, Bitcoin tends to retreat. Conversely, bearish sentiment often precedes price surges. Currently, Bitcoin dominance at 58.43% signals strong investor interest, but prices may need a corrective phase before rallying.

Exchange reserves further support this narrative; a long-term decline since February 2024 indicates bullish momentum, as crypto moves off exchanges to cold storage. Recently, reserves briefly increased as whales sold above $100K, but the renewed decline points to another bullish wave.

The analysis suggests a potential market trap: as traders go bearish and open shorts, major players may capitalize, driving Bitcoin higher. This is not financial advice, but an educational insight into market dynamics. Are you ready for Bitcoin's next move?

As 2024 winds down, crypto enthusiasts are asking: will Bitcoin hit the elusive $100K mark before Christmas? With the holiday spirit high, Bitcoin’s current price sits at $96,316, down 0.35% from December’s start. Earlier, it was over 2%, hinting that Santa might still have a surprise in store.
Bitcoin’s Momentum: A Rollercoaster Ride
Bitcoin entered December flirting with record highs but has dropped $15,000 from last week’s peak. Yet, in the past two hours, it climbed by 2.28%, keeping short-term traders on their toes.
Looking at the bigger picture, Q4 has been impressive for Bitcoin, boasting a 49% surge. Year-to-date, it’s up an astonishing 124%, and from its annual low, it’s gained 157%. Despite these milestones, December feels quieter compared to Bitcoin’s usual end-of-year fireworks. Historically, this month has seen both extreme highs and lows, so the cautious optimism among traders makes sense.

Key Indicators Signal Mixed Potential
Technical analysis paints a hopeful yet cautious picture. Bitcoin’s monthly RSI is 75.20, indicating it's oversold but with growth potential. In previous bull runs, the RSI has hit 96, suggesting there’s room for upward movement.

On shorter timeframes, the hourly RSI sits at 62, hinting at a possible short-term push. However, significant resistance lies ahead. The $96,400 mark poses an immediate barrier, with even tougher resistance stacked above $108,000. Whale activity in the $90,000 zone shows resistance thinning, but their actions could still trigger volatility.

What’s Next for Bitcoin?
With just days left in December, all eyes are on Bitcoin’s final weekly candle. The chance of a Christmas rally remains alive, supported by strong market sentiment and reduced resistance. However, the risk of whale-driven liquidations could prevent Bitcoin from crossing the $100K mark for now.

Bitcoin has proven time and again that it can surprise us. Whether through steady gains or a dramatic surge, the closing days of 2024 could still make headlines. The question remains: will Bitcoin deliver a $100K miracle this Christmas?

Merry Christmas People.
Do you believe in miracles? 🎅
Wanna share any experience, comments are warmly welcomed. 🎄

Total Value Locked (TVL) measures the value secured in a blockchain’s smart contracts, reflecting its DeFi adoption. The top five blockchains dominating TVL are Ethereum, Tron, Solana, Binance Smart Chain (BSC), and Arbitrum. Notably, Bitcoin is outside the top 10 despite being the largest cryptocurrency.

1. Ethereum: The DeFi Leader
TVL: $121.26 billionProtocols: 1,354Market Cap: $391.73 billionPerformance: Slight weekly dip (-17.11%), but monthly growth (+1.09%).
Ethereum leads with unmatched TVL and protocol numbers, maintaining its dominance despite minor fluctuations.

2. Tron: Stablecoin Specialist
TVL: $8.34 billionProtocols: 68Market Cap: $20.97 billionPerformance: Decline across 1 day (-0.21%), 1 week (-16.02%), and 1 month (-9.75%).
Despite fewer protocols, Tron secures the second spot, driven by stablecoin operations.
3. Solana: Developer Favorite
TVL: $6.2 billionProtocols: 213Market Cap: $86.01 billionPerformance: Down significantly in 1 month (-16.52%).
Known for speed and affordability, Solana faces challenges with declining TVL but remains popular among developers.
4. Binance Smart Chain: Scalable and Versatile
TVL: $6.05 billionProtocols: 862Market Cap: $92.77 billionPerformance: Monthly recovery (+0.82%) amid short-term dips.
BSC’s Ethereum compatibility and scalability attract developers despite TVL volatility.
5. Arbitrum: Layer-2 Powerhouse
TVL: $3.41 billionProtocols: 773Market Cap: $3.11 billionPerformance: Mixed, with monthly TVL down (-5.42%).
As an Ethereum Layer-2, Arbitrum boosts Ethereum's efficiency, gaining popularity.
Bitcoin’s Unexpected Position
Bitcoin ranks 13th with a modest $42.95 million TVL, despite a 52.82% monthly surge. While its broader market dominance persists, its evolving role in DeFi shows potential.
Outlook
Ethereum leads DeFi with 64.9% dominance, while competition intensifies. Bitcoin’s shifting role hints at new possibilities, and these trends are shaping the future of decentralized finance.

Ethereum is facing bearish momentum, with a 17% price drop since hitting $4,000. This week, Tron founder Justin Sun sold $143 million worth of ETH, about half of his holdings. His actions have raised questions, as they seem to be impacting Ethereum’s price significantly.
Justin Sun’s Selling Spree
Since November 10, Sun has deposited 108,919 ETH (worth $400 million) into HTX, mostly at prices near $3,674 per ETH. He has also unstaked 42,904 ETH (valued at $139 million) from Lido Finance, sparking speculation he may move these funds to HTX. This high activity aligns with Ethereum’s ongoing struggles in the market.

Ethereum’s Market Performance
Ethereum is currently trading at $3,304, reflecting a 17% decline from its recent high and a 2.19% drop in the last 24 hours. Trading volume is down 8.57%, and bearish sentiment dominates. Futures data reveals 54% of trades are short positions, with a long-short ratio of 0.8495.

Despite the downturn, 78% of ETH holders are still in profit. Technical analysis highlights critical support at $3,260. A drop below this level could push prices to $3,000, where the 200-day moving average might offer stability. Indicators like RSI (39.28) and ADX suggest bearish momentum, with RSI nearing oversold territory.
What’s Next for Ethereum?
The key question is whether Ethereum can hold above $3,260. If not, a further drop to $2,800 is possible, especially if large-scale selling continues. While some analysts see Ethereum in a “safe zone,” others warn of increased volatility due to low weekend trading volumes and broader market uncertainty.
For now, investors remain cautious, closely watching Justin Sun’s moves and their ripple effects on Ethereum’s price.

Ethereum (ETH) has faced difficulty breaking the $4,000 price point since March 2024, encountering rejections three times. Currently at $3,475, ETH has dropped 24% recently from $4,087 to $3,097. Although there was a small bounce, the overall outlook remains grim.
Challenges at $4,000 Resistance
The $4,000 level has become a significant barrier for ETH. Despite some bounce-back from the recent dip to $3,097, the trading volume has decreased by almost 15%, indicating weak market interest. The relative strength index (RSI) is neutral at 52.64, signaling stagnant market movement, while the 20-day moving average provides minor support above $3,400.

ETF Impact and Market Sentiment
Ethereum’s spot ETFs launched in August were expected to drive growth, but they haven’t had the desired effect. Currently, ETH ETFs hold about $11.98 billion, a fraction of Bitcoin’s $109.66 billion, and there was a significant outflow of $60 million from ETH ETFs recently. Social sentiment around Ethereum is also at its lowest in a year, although this may indicate potential for a future bounce.
Futures Market and Sell-Offs
Ethereum’s futures market is showing signs of concern, with a negative premium for the first time since early November. A massive $299 million sell-off occurred recently, the largest since December 9. Additionally, the Ethereum Foundation’s sale of 100 ETH on December 17 caused a 17% price drop, raising doubts among investors.
Looking Ahead
While ETH has rebounded by 12% from its recent low, the future remains uncertain. Some analysts are optimistic, expecting sentiment to turn positive, while others worry about high ETH supply and a preference for Bitcoin among investors. Ethereum’s path forward is unpredictable, and the market could surprise investors.

HYPE, the token of the Hyperliquid platform, has captured attention after surpassing a $10 billion market cap, with its price rising above $30. This achievement marks a significant moment in the decentralized finance (DeFi) space, showcasing HYPE’s impact on the crypto market.
HYPE’s Meteoric Growth
In just 24 hours, HYPE surged over 40%, climbing to 19th in market cap rankings, with trading volume increasing by 53.03%. The token’s limited supply—270.9 million out of a maximum of 1 billion—contributes to its soaring value. Despite a broader crypto market downturn, with Bitcoin falling to $92,000 and altcoins losing over 25%, HYPE thrived amidst the volatility.

Game-Changing Airdrop
HYPE’s rise is tied to the largest crypto airdrop in history. Hyperliquid distributed 310 million tokens to over 94,000 eligible addresses, with 270 million claimed, now worth $8.9 billion. This airdrop surpasses Uniswap’s 2020 record. Hyperliquid’s reinvestment strategy—funneling fees into buybacks and ecosystem vaults—keeps costs low, attracting more users.

Future Developments
The upcoming launch of HyperEVM, an Ethereum-compatible smart contract feature, aims to enhance cross-chain app development and expand Hyperliquid’s DeFi influence. Known for speed and efficiency, Hyperliquid is often compared to a “decentralized Binance.” Its innovative fee structure and fast transactions position it as a formidable player in the evolving DeFi market.
As HYPE continues to redefine the space, its potential to rival major platforms like Polkadot remains a topic of interest. This is a project worth keeping an eye on.

Bitcoin is struggling to recover after dropping to $92,000, as predicted earlier. It has since risen by 5% and is trading at $97,536 but remains in a precarious position. Key market indicators signal ongoing challenges:
Chart Analysis:
Resistance & Support: The 200-day Moving Average (MA) serves as resistance, while the 50-day MA previously supported Bitcoin around $92k. However, this support may falter.Indicators: The RSI has exited the oversold zone, but the Average Direction Index (33.62) signals weak market trends. The Greed and Fear Index at 73 suggests optimism, but sentiment remains bearish.Potential Risks: If consolidation continues or the price declines further, the smallest MA (20-day) could cross below the largest, potentially triggering panic selling and sending Bitcoin to $90k or lower.
Liquidation Data:
In the last 24 hours, 296,631 traders were liquidated, wiping $831.74 million from the market, following $1 billion in losses the previous day. High-leverage trades, both long and short, persist, indicating poor risk management. Such trades can trigger sudden market movements aimed at liquidating leveraged positions.

Outlook:
For recovery, Bitcoin must surpass the 200-day MA to reduce negative sentiment and attract investors. A sudden price spike could liquidate reckless short positions, providing temporary support. However, failure to break resistance could lead to a drop below $90k, sparking panic selling and affecting altcoins.

Will Bitcoin rise or face further decline? The next few moves will be crucial for its trajectory.

What do you think?

The SEC has charged Tai Mo Shan Limited, a subsidiary of Jump Crypto Holdings LLC, with misleading investors about Terra USD's stability and selling unregistered securities. Terra USD, a stablecoin intended to maintain a $1 peg, lost its stability in May 2021. Tai Mo Shan intervened by making $20 million in trades to temporarily stabilize the price. However, the company concealed an agreement with Terraform Labs, wherein they stabilized UST in exchange for discounted LUNA tokens, misleading investors about the algorithm's role.
From January 2021 to May 2022, Tai Mo Shan acquired and resold LUNA tokens on U.S. exchanges, which the SEC classifies as unregistered securities. By acting as an unregistered statutory underwriter, the company violated securities laws. Tai Mo Shan agreed to pay over $123 million in fines and penalties under a cease-and-desist order but did not admit wrongdoing.
The case underscores the fragility of crypto systems and the reliance on trust. The SEC, led by outgoing Chair Gary Gensler, emphasizes the importance of investor protection amid calls for stricter regulations. The Terra collapse serves as a cautionary tale, spotlighting the need for greater oversight in the evolving crypto industry.

The Russian Central Bank recently surprised many by keeping its 21% interest rate unchanged, despite expectations of a hike. This decision stems from the bank’s cautious approach to balancing inflation control and economic stability. Governor Elvira Nabiullina and Deputy Governor Alexei Zabotkin emphasized that the current rate is already effective in curbing inflation, pointing to a slowdown in credit growth as evidence that the economy is adjusting. They believe raising rates further could harm the economy more than help, and Nabiullina insists that while high interest rates are difficult, they are necessary for controlling inflation.
The bank is also sticking to its floating exchange rate policy, allowing the market to set the value of the rouble. While concerns about currency weakness persist, Nabiullina remains confident that trade balances will prevent major issues with the rouble's stability.
On the topic of Bitcoin, the Russian Central Bank has made it clear that it opposes using Bitcoin and other cryptocurrencies for domestic payments. Despite President Putin's recent support for Bitcoin, the bank remains concerned about regulatory risks and has rejected proposals, such as creating a Bitcoin reserve.
The Central Bank’s approach appears to be one of patience, aiming to control inflation without stalling growth. However, their stance differs from President Putin’s, signaling a disconnect between the bank’s caution and the President’s more crypto-friendly position. The outcome of this strategy remains uncertain, as they try to balance inflation control, economic growth, and currency stability.

Dogecoin's price has dropped significantly, falling 32% over the past three days and 20.70% in the last 24 hours alone. This decline comes as Bitcoin saw an 11.25% drop, triggering a broader crypto market downturn. Despite the plunge, the dip presents opportunities for short traders and investors looking to accumulate.
Key Metrics
Dogecoin's Total Value Locked (TVL) dropped 32.65% over three days, from $8.82 million on December 17 to $5.94 million. Open Interest (OI) in DOGE has also fallen by nearly 50%, from $4.34 billion when DOGE was at $0.45 to $2.26 billion with the price now at $0.28. Technical indicators show DOGE is in the oversold zone with an RSI of 30.15. While trading below moving averages (MA 20 and 50), it has support near $0.27 due to the MA 100, with the MA 200 at $0.17.

Whale Activity and Risks
Whale orders and trade data reveal a risky trading environment for DOGE. Many short trades have been executed, suggesting the potential for a sudden upward price movement to liquidate high-leverage positions. However, traders must exercise caution and use proper risk management.

Future Outlook
Dogecoin's price trends closely follow Bitcoin. As BTC tries to recover, DOGE may mirror this pattern. New buying activity could push prices upward, but further declines remain possible. The BTC-driven ripple effect has contributed to DOGE's current downturn. In uncertain market conditions, avoiding leverage trading is advisable, though dollar-cost averaging presents opportunities for long-term investors.

Bitcoin has dropped 11.25% in three days, losing nearly $12,000 and settling at $94,715. This decline triggered a $1.10 billion market liquidation, with long traders incurring significant losses. The crypto market as a whole saw its market cap drop 9.31%, now at $3.21 trillion, as 334,000 traders faced liquidation, including $929.16 million from long trades.

El Salvador’s $1.4 Billion Loan Agreement
El Salvador, the first country to adopt Bitcoin as legal tender, has struck a $1.4 billion loan deal with the IMF to stabilize its economy. However, the agreement requires the country to amend its Bitcoin policy, aligning with IMF recommendations. This policy shift is considered a major reason for the market decline.
Bitcoin Market Analysis
Bitcoin recently reached a peak of $108,364 on December 17 before falling 12.74%. Technical analysis reveals mixed signals. On the daily chart, Bitcoin's RSI stands at 44.66, indicating it hasn't reached the oversold zone. However, the 4-hour chart shows an RSI below 30, suggesting a potential rebound. Divergence between Bitcoin’s price movement and its RSI during its rise hinted at the current drop.

Market Impact and Future Outlook
Bitcoin's crash led to increased trading activity, up 13.77%, driven by short trades. Altcoins have also suffered due to Bitcoin's influence. Analysts anticipate potential recovery as whales might capitalize on discounted prices. If Bitcoin drops further, it could test support at $91,900. Traders are urged to exercise caution during such volatile periods.