Mr_Pips

Bitcoin price and bull run appear to be back on track after posting its best weekly gain in the past month. Despite starting the week on a quiet note, hovering around $63,000, the leading cryptocurrency gained fresh momentum mid-week, pushing its value to nearly $69,000 on Friday.
The latest on-chain observations have revealed that Bitcoin network activity has increased over the past few weeks. While this development may have contributed to the recent rally, the question is — how far can it push the value of the leading cryptocurrency?
Golden Cross Could Push Bitcoin Price Past $73,737
In a recent Quicktake post on the CrypoQuant platform, an analyst with the pseudonym Yonsei_dent revealed that Bitcoin price might be forming an upward structure. This bullish prognosis is based on the growth rate of active addresses, which represents the number of unique addresses showing significant activity on the Bitcoin network.
An increase in the number of these active addresses offers insight into the network activity, investor behavior or sentiment, and general market trends. Hence, observing the growth momentum of these unique addresses using moving averages (MAs) of various timelines can be quite useful in assessing current price trends.
In their latest analysis, the CryptoQuant analyst utilized a 30-day moving average (30DMA) and a 365-day moving average (365DMA) to capture the growth momentum of the Bitcoin active addresses. As shown in the chart below, the 30-day moving average has witnessed a sharp spike over the past month and appears to be approaching the 365DMA.

According to Yonsei_dent, the Bitcoin price could experience a positive shift in bullish momentum if the 30DMA eventually reaches the 365DMA and crosses it to the upside (making a golden cross.) In crypto terms, a golden cross refers to a bullish chart that is characterized by a relatively short-term moving average crossing above a long-term moving average.
Typically, a golden cross indicates the potential of a long-term bull market starting or resuming. Ultimately, this indicates that the price of Bitcoin could be readying for a charge towards its all-time high of $73,737. 
Bitcoin Is Establishing An Upward Structure’ — Here’s How
As of this writing, the Bitcoin price is about 7% adrift of its record-high level. According to data from CoinGecko, the premier cryptocurrency is valued at $68,540, reflecting an over 2% increase in the past day.
According to Yonsei_dent, the price of Bitcoin has been forming progressively increasing highs and lows since July, suggesting an “upward market structure.”
However, It is worth noting that these highs and lows appear to be printing a “rising wedge” pattern, which could be bearish for the Bitcoin price.

#Mr_Pips #BTC

Polkadot ($DOT ) is a standout blockchain project developed by Gavin Wood, one of Ethereum’s co-founders. Aiming to build an interoperable blockchain ecosystem, Polkadot is more than just a blockchain—it’s a platform for other blockchains (parachains). Let’s dive into its price dynamics, growth potential, and risks to help you make an informed investment decision.
1. Overview of Polkadot (DOT)
Polkadot addresses a significant blockchain issue: interoperability among chains. This enables different blockchains to exchange data without intermediaries. DOT, the native token of Polkadot, serves three primary functions:
Governance: Token holders can participate in decisions on protocol upgrades and changes.Staking: Used to secure the network and earn rewards.Bonding: Required to connect new parachains to the Polkadot network.
2. Price Dynamics
$DOT reached an all-time high of nearly $55 in late 2021 during the crypto market bull run. Since then, its price has significantly declined, mirroring the broader market downturn.
Current Status: DOT is trading between $4 and $6, presenting an appealing entry point for investors looking to "buy the dip."Trading Volume: DOT maintains stable trading volume, reflecting consistent community interest.Technical Analysis: DOT shows signs of long-term accumulation around critical support levels. Breaking the $7 resistance could signal a new growth cycle.
3. Growth Potential
Strengths of Polkadot:
Expanding Ecosystem: Polkadot has successfully launched several parachains, such as Moonbeam and Acala, which offer DeFi, NFT, and decentralized financial solutions.Superior Technology: Its multi-chain interoperability makes Polkadot an attractive solution for projects seeking cross-chain integration.Community Support: Backed by strong developer and institutional investor support.
Risks:
Intense Competition: Rivals like Ethereum, Cosmos, and Avalanche are also developing similar solutions, which could erode Polkadot’s competitive edge.Market Volatility: The overall crypto market remains highly volatile, and DOT is not immune to large price swings.
4. Should You Invest in Polkadot (DOT)?
Reasons to Invest:
You believe in the long-term potential of blockchain technology and Polkadot’s ecosystem.You’re prepared to hold $DOT for an extended period to benefit from future market cycles.You’re interested in staking DOT to earn rewards while supporting network security.
Reasons Not to Invest:
You expect quick profits in the short term.You’re unwilling to tolerate high price volatility.You lack a clear understanding of Polkadot’s technology and potential.
5. Investment Tips
Plan Your Investment: Allocate a small portion of your portfolio to DOT instead of betting everything.Monitor the Market: Stay updated on Polkadot news and crypto market trends to adjust your strategy.Focus on the Long Term: Polkadot is a long-term play, ideal for those who trust its technology and vision.
Conclusion
Polkadot is a highly promising project with cutting-edge technology but also comes with inherent risks. Investing in DOT requires a long-term strategy and a thorough understanding of the market. Carefully weigh your options and only invest what you can afford to lose in this volatile crypto landscape.
#Mr_Pips #DOT #crypto

Chainlink ($LINK ) has recently shown resilience after a 35% retrace from its yearly highs, surging over 30% to test liquidity around the $23 mark. Despite this recovery, bearish sentiment continues to weigh heavily on altcoins, and Chainlink is no exception. The cryptocurrency has struggled to reclaim its local highs, raising questions about whether the recent rally has enough momentum to sustain further gains.
Top analyst Ali Martinez provided a detailed technical analysis on X, highlighting a critical pattern that could dictate LINK’s next move. According to Martinez, Chainlink is forming a head-and-shoulders pattern—a structure often associated with bearish reversals. If this pattern is confirmed, $LINK could face a significant decline, potentially dropping as low as $14 in the coming weeks.
This technical setup puts Chainlink at a crucial juncture, where holding above current levels is vital to avoid deeper corrections. Investors and traders closely monitor the price action, with $23 as a key resistance level. Whether $LINK can overcome the bearish sentiment or succumb to further downside will likely depend on broader market conditions and its ability to invalidate the bearish pattern. For now, Chainlink’s outlook remains uncertain, keeping market participants on edge.
Chainlink Price Action Showing Weakness
Chainlink ($LINK ) continues to struggle in a bearish altcoin market, failing to recover its yearly highs. Despite minor rebounds, LINK faces significant resistance at $26, a key level for reigniting bullish momentum. Without reclaiming this level, the bearish sentiment may persist.
Top analyst Ali Martinez recently pointed out a potential head-and-shoulders pattern forming on LINK’s charts. If confirmed, this bearish setup could push LINK as low as $14, signaling a sharp decline from current levels. This scenario underscores the challenges LINK faces in reversing its downtrend and reclaiming its former highs.

However, not all hope is lost. Martinez notes that holding above the $22 mark could provide a strong foothold for Chainlink to stabilize and potentially reverse the bearish trend. A decisive push above $27 would further strengthen bullish momentum, signaling a potential return to a more optimistic outlook.
For now, the market remains riddled with indecision. Broader market conditions, including Bitcoin’s performance, will likely influence LINK’s direction. If LINK can successfully navigate these key levels, it may overcome the bearish narrative and position itself for a more sustained rally. Until then, caution remains warranted for traders and investors alike.
LINK Testing Liquidity
Chainlink ($LINK ) is currently trading at $23 after successfully testing demand at the $22 level. Despite holding this crucial support, the price action lacks a definitive direction, leaving traders and investors in a state of uncertainty. Bears appear to maintain control for now, with the recent retrace from yearly highs weighing heavily on sentiment. However, the $22 mark has proven to be a resilient support, suggesting that demand could surge at any moment to reclaim the uptrend.

For $LINK to break free from this indecisive phase, it must overcome the critical resistance at $26. A push above this level would invalidate the current bearish outlook and likely ignite a massive rally, with potential to revisit and surpass previous highs. Such a move would restore confidence among traders and could attract new buyers to fuel further momentum.
On the downside, failing to hold above $22 would expose $LINK to increased selling pressure, which could test lower support levels and prolong the bearish trend. For now, the market remains at a tipping point, with both bulls and bears waiting for the next decisive move. The coming days will be critical for $LINK as it seeks to find direction amid broader market uncertainty.
#Mr_Pips #LINK #Chainlink

TRON ($TRX ) is one of the standout blockchains in the cryptocurrency space, known for its vision of a decentralized content distribution ecosystem. With the current price of $0.2585, TRX has recorded a slight decline of -0.81% in the last 24 hours. However, this correction is not surprising when considering the overall market volatility. Let’s analyze the potential and investment opportunities in TRX.
Price Volatility and Market Data
24-Hour Highest Price: $0.262524-Hour Lowest Price: $0.256724-Hour Price Change: -$0.0021 (-0.81%)
TRX has experienced a relatively stable trading day with minimal price fluctuations. The slight decline could reflect investor caution amidst the unclear global market developments.
24-Hour Trading Volume:
TRX: 503,859,716.80USDT: 130,710,969.18
The trading volume of $TRX in the last 24 hours shows that the coin still attracts significant attention from the community, with a substantial amount of trading activity. This indicates that demand for TRX remains stable, despite the small price changes.
Growth Potential of TRON (TRX)
DeFi Applications and Ecosystem:
TRON stands out as a blockchain platform for developing decentralized applications (dApps), particularly in the decentralized finance (DeFi) sector. Its ability to enable fast and low-cost blockchain transactions makes it an attractive platform for DeFi applications.Transaction Speed and Low Fees:
TRON uses the Delegated Proof of Stake (DPoS) algorithm, allowing the platform to process thousands of transactions per second at very low costs. This is a key factor that sets TRON apart from other blockchains like Ethereum or Bitcoin, especially in payment and financial applications.Expanding Ecosystem:
While Ethereum and Binance Smart Chain (BSC) currently dominate the DeFi market, TRON continues to thrive in attracting new projects. DeFi projects built on TRON are increasing, creating sustainable growth potential for TRX.NFT Ecosystem Development:
TRON is also developing its NFT (Non-Fungible Token) ecosystem, expanding the use case of this coin in the creative space. TRX is likely to continue attracting investors and users in this sector in the near future.
Disadvantages to Consider
Strong Competition from Other Platforms:
TRON faces fierce competition from Ethereum, Binance Smart Chain, and Solana. Although TRON has advantages in speed and cost, it needs to continue innovating and expanding to maintain its competitive edge.Dependence on Justin Sun:
TRON’s founder, Justin Sun, is a controversial figure in the crypto industry. While his leadership has brought TRON to its current position, the heavy reliance on one individual may raise concerns for some investors regarding the sustainability of the project.Price Volatility:
Like many other coins, TRON is significantly affected by the volatility of the crypto market. While TRX has remained stable recently, rapid market changes could cause substantial fluctuations.
Investment Advice
Invest if:You believe in the long-term potential of TRON and its DeFi ecosystem, as well as the scalability of TRON blockchain in real-world applications.You are a long-term investor willing to accept short-term volatility in exchange for the growth potential of $TRX in the future.You are seeking a coin with fast transaction speeds and low costs to participate in DeFi or NFT projects.Avoid investing if:You are a short-term investor who doesn’t want to face potential price fluctuations at any given time.You are concerned about the concentration of power in the TRON ecosystem and the dependency on Justin Sun.
Investment Strategy with TRX
For Long-Term Investors:If you are a long-term investor, accumulating TRX during price dips could be a reasonable strategy. TRON has great potential in developing DeFi and NFT applications in the future.For Short-Term Investors:Be cautious when engaging in short-term trades with TRX due to crypto market volatility. Setting a stop-loss order to protect your capital is a smart strategy.Participate in DeFi Staking:You can also participate in staking TRX and DeFi projects on the TRON platform to earn additional profits from holding this coin.
Conclusion
TRON (TRX) is a highly promising coin in the crypto market, particularly with the strong growth of DeFi applications and its exceptional transaction speed. However, like any other coin, TRX faces competition and price volatility. If you are a long-term investor, TRON could be an appealing choice, but if you seek stability and lower risk, other options may be worth considering.
Final Advice: Stay informed about market trends and ensure that you have a clear investment strategy to optimize profits and minimize risks when investing in TRX.
#Mr_Pips #TRX #crypto

Analysts from market research firm CryptoQuant note that current patterns in Bitcoin ($BTC ) metrics suggest possible changes in market dynamics.
Bitcoin Price Faces Short-Term Volatility 
After a period of steady decline, spot exchange reserves have experienced a notable uptick, reflecting an inflow of 20,000 $BTC . This increase suggests that more Bitcoin is being deposited into exchanges, which often indicates an intention to trade or sell.
This type of behavior may add further selling pressure to the Bitcoin price, which has declined almost 7% over the last two weeks, signaling a potential early sign of short-term volatility.

Simultaneously, netflows across all exchanges have turned positive, with a net increase of 15,800 $BTC . This reversal from the predominantly negative trend seen in recent weeks implies that inflows to exchanges are now exceeding outflows.
When combined with rising reserves, this shift strengthens the likelihood of increased trading activity or profit-taking by investors, according to CryptoQuant’s analysis.
While the broader trend in the market has favored accumulation and self-custody, these recent changes may reflect a growing caution among investors, who might be preparing for profit-taking or bracing for a potential price correction.

Furthermore, a report by Bloomberg highlights a key metric gauging investor interest in Bitcoin from South Korea, which has risen to a four-month high amid ongoing political turmoil in the East Asian country. 
Trading Volumes Surge As Political Crisis Unfolds
Known as the “Kimchi Premium,” this metric measures the price gap between Bitcoin on South Korean exchange Upbit and Coinbase. Recently, this premium surged to the range of 3-5%, indicating heightened demand from South Korean investors.
Per the report, the political landscape in South Korea has been tumultuous, particularly following President Yoon Suk Yeol's brief and controversial declaration of martial law earlier this month, which lasted only six hours before being rescinded.
Next, the National Assembly impeached Yoon on December 14, suspending his powers and elevating Prime Minister Han Duck-soo to the role of acting president. In a further development, the parliament voted to impeach Han as well, marking a historic first for an acting president in South Korea.
These political upheavals have rattled financial markets, coinciding with growing economic challenges and increasing nuclear threats from North Korea. The South Korean won has also seen a decline of 0.35% against the US dollar.
According to Bloomberg, South Korea remains one of the most active retail markets for cryptocurrencies, with trading volumes on Korea-based exchanges often surpassing those on traditional stock exchanges.
Ki Young Ju, founder and CEO of CryptoQuant, pointed out that corporate accounts are not permitted on Korean crypto exchanges, meaning that the vast majority of crypto activity in the country is driven by retail investors.
The Kimchi Premium has become a well-known metric for measuring retail interest in cryptocurrency, and factors such as strict currency controls and anti-money laundering (AML) regulations have contributed to this phenomenon.

At the time of writing, BTC is priced at $93,938, experiencing a 2.5% decrease over the last 24 hours, with its closest support level at $92,000 serving to halt additional declines for the top cryptocurrency in the market.$BTC
#Mr_Pips #BTC

Cow Protocol's $COW token has surged more than 30% after World Liberty Financial (WLFI), a DeFi project linked to Donald Trump, made a 2.5 million USDC transaction to buy 759.36 ETH through the platform.
Currently, World Liberty Financial holds around 16,400 ETH, worth $53.73 million.
World Liberty Financial Continues to Influence Altcoins
According to data from Arkham, the project has been actively buying various assets, including ETH, WBTC, AAVE, LINK, ENA, and ONDO. These tokens have suffered losses in recent days, coinciding with broader market volatility due to the Federal Reserve's rate cuts and inflation forecasts.
Meanwhile, WLFI's continued use of the CoW Protocol has attracted attention, fueling speculative interest in the platform. The $COW token is up nearly 35% today, approaching $1.

WLFI’s investment models have fueled market rallies throughout December. Earlier this month, the project spent over $45 million, including purchases of Ethereum, Ondo (ONDO), and Ethena (ENA), pushing COW to $1.02, its highest value in over a year.
Other transactions this month included purchases of $AAVE and Chainlink’s LINK token, sending LINK’s price soaring to $28, its highest in three years. Additionally, WLFI and Ethena Labs recently added sUSDe as collateral on WLFI’s Aave v3, boosting its functionality.

The project also recently swapped $10.4 million worth of cbBTC to WBTC, after Coinbase delisted cbBTC. Justin Sun, a major investor and advisor to WLFI, has publicly supported WBTC, arguing that it has stronger governance and transparency than cbBTC.
Despite these developments, Trump’s World Liberty Financial has faced many challenges since its launch. The project reduced its presale target from $300 million to $30 million, a 90% reduction. WLFI tokens remain non-transferable and are limited to non-US and accredited US investors. These restrictions are contributing to the project’s early sales difficulties.

#Mr_Pips #ChristmasMarketAnalysis

1. Overview of ADA and the Market in the Past 24 Hours
Over the past 24 hours, $ADA (Cardano) experienced a slight growth of +2.09%, with price fluctuations ranging from $0.8665 (low) to $0.9000 (high). The trading volume reached 71,776,372 ADA, approximately equivalent to $63,338,188.96 USDT. This indicates a steady inflow of capital into ADA, despite the overall uncertainty in the crypto market.
2. Evaluation of $ADA Movements
Short-Term Growth:
ADA’s ability to maintain slight growth in the past 24 hours, coupled with high trading volume, reflects investor optimism. However, this is not a definitive sign of a long-term upward trend.Resistance and Support Levels:
The $0.90 price point serves as a strong resistance. If this level is not breached, ADA may adjust downward to the support zone around $0.86-$0.87.
3. Long-Term Analysis: ADA’s Potential
Cardano has always been regarded as a blockchain project with solid fundamentals due to its expanding ecosystem, security features, and scalability. However, ADA’s price heavily depends on the following factors:
Technological Development: Updates like Hydra (Layer 2) aim to enhance transaction speed.Market Sentiment: ADA is highly influenced by global crypto market trends, particularly Bitcoin and Ethereum price movements.
4. Should You Invest in $ADA Now?
Invest if:You believe in the long-term potential of Cardano’s blockchain.You aim to accumulate at lower prices in the current market cycle.Your investment horizon is 1-3 years, rather than short-term.Do not invest if:You’re seeking short-term profits (market uncertainties persist, and ADA could face corrections).You’re unwilling to take risks if the market continues to decline.
5. Specific Recommendations:
If you already own ADA:
Consider taking partial profits if the price surpasses $0.90 in the short term, especially given the lack of a confirmed upward trend in the market.If you don’t own ADA yet:
Consider buying at the strong support zone of $0.86-$0.87, using a reasonable capital allocation strategy like Dollar Cost Averaging (DCA).
6. Conclusion:
ADA remains one of the most robust coins with strong long-term potential. However, given the current market conditions, investments should be carefully planned, prioritizing sustainable strategies over chasing short-term volatility. Always focus on risk management and stay updated on market news for well-informed decisions.
Note: This is not financial advice. Please conduct thorough research and only invest money you can afford to lose.
#Mr_Pips #ADA #crypto

Avalanche ($AVAX ) is an emerging blockchain platform designed to address the limitations of current blockchains, such as slow transaction speeds and high fees. With the current price of $36.98, AVAX has experienced a slight decline of -1.23% over the past 24 hours. However, this price adjustment reflects the natural volatility of the cryptocurrency market. Below is a detailed analysis of AVAX's potential, growth prospects, and investment opportunities.
AVAX Price Volatility
24-Hour Highest Price: $37.4624-Hour Lowest Price: $35.5324-Hour Price Change: -$0.46 (-1.23%)
Over the past 24 hours, AVAX has experienced a slight decline, with price fluctuations remaining relatively stable. Although there are no significant changes in price, the small range of movement indicates a potential accumulation phase before further growth.
24-Hour Trading Volume:
AVAX: 2,045,082.63USDT: 74,626,542.76
The trading volume of AVAX shows that there is still significant interest from the community and investors, despite the small price adjustment.
Growth Potential of Avalanche ($AVAX )
Scalability and High Transaction Speed:
Avalanche is known for its ability to handle over 4,500 transactions per second, which far exceeds the capabilities of other blockchain platforms like Ethereum. The fast transaction speed and scalability make AVAX an ideal platform for decentralized applications (dApps) and decentralized finance (DeFi).Solving Issues of Traditional Blockchains:
Avalanche utilizes the Avalanche Consensus Protocol, allowing it to be not only fast but also cost-effective compared to other platforms. This makes AVAX a promising choice for dApp developers and DeFi projects looking for stability and efficiency.Growth in DeFi Ecosystem:
DeFi applications are growing rapidly on Avalanche, ranging from token issuance, lending, staking, to derivatives trading. The increasing participation of investors in DeFi projects on Avalanche is a positive indicator for the future of AVAX.Strong Community and Broad Support:
Avalanche boasts a strong development community and is supported by major investment funds and collaborations with prominent blockchain projects. This ensures that AVAX will continue to receive development and support in the future.
Drawbacks to Consider
Competition from Other Blockchains:
While $AVAX has many advantages, it faces stiff competition from other blockchains like Ethereum, Binance Smart Chain, and Solana. These platforms are also working to improve scalability and reduce transaction fees, meaning AVAX must continue to innovate to stay competitive.Price Volatility:
Like many other coins, AVAX is highly impacted by the volatility of the cryptocurrency market. Although the long-term outlook for AVAX is positive, investors need to be prepared for short-term fluctuations.Overhyped Potential:
Some analysts believe that the current value of AVAX may have already priced in too much of the platform’s growth potential. Overvaluation could lead to price corrections in the short term, posing risks for investors.
Investment Advice
Invest if:You believe in the long-term potential of Avalanche in developing the DeFi ecosystem and dApp applications.You are looking for a coin with fast transaction speeds, low costs, and strong scalability.You are a long-term investor willing to accept short-term price volatility in exchange for AVAX’s future growth.Avoid investing if:You are seeking stability and low volatility.You lack the patience to wait for AVAX’s long-term growth amidst competition from other platforms.
Investment Strategy with $AVAX
For Long-Term Investors:AVAX has long-term growth potential due to its strong blockchain ecosystem and developing DeFi applications. Accumulating AVAX during price dips or corrections could be a sound strategy.For Short-Term Investors:Short-term investors should closely monitor price fluctuations and market trends. Implementing technical analysis-based trading strategies can help capitalize on opportunities during volatile periods.Participate in DeFi and Staking:To grow your AVAX holdings, consider staking or participating in DeFi projects on Avalanche, which can optimize profits from holding AVAX in the long run.
Conclusion
Avalanche ($AVAX ) is a promising coin with a bright future, thanks to its superior transaction speed, low costs, and strong DeFi ecosystem growth. However, investors should be mindful of the fierce competition in the blockchain market and short-term price volatility. If you are a long-term investor who believes in Avalanche's growth potential, AVAX could be a reasonable choice.
Final Advice: Stay informed about AVAX’s development and the broader crypto market to make well-informed investment decisions, considering risks and your investment strategy.
#Mr_Pips #AVAX #crypto

Ahead of the EU’s Markets in Crypto Assets (MiCA) regulation, European exchanges are delisting Tether (USDT) en masse, which could severely hamper the ability to capitalize on the crypto bull market in the EU.
Donald Trump’s election in the US has benefited Tether along with the broader crypto industry, but market turmoil in the EU could disrupt investment.
Tether Prepares for MiCA
It has become clear over the past few months that Tether’s USDT, the largest stablecoin, has failed to meet MiCA’s requirements. According to a new report, EU exchanges have until December 30 to delist the asset. However, concerns are growing in the European crypto community, as Tether’s withdrawal could have a major impact on the region:
“I understand why this is being done to some extent, but it is quite exclusionary and restrictive for EU clients themselves because [USDT] is the most liquid stablecoin,” said Usman Ahmad, CEO of crypto trading firm Zodia Markets Holdings Ltd.
Essentially, Tether is a very useful stablecoin for crypto businesses in the EU and an important source of liquidity. Despite the high level of development and interest in the region, some European financial products are overshadowed by the US-centric market. Overall, crypto investments in the EU have declined in 2024 compared to other regional markets, and MiCA could cause them to decline further.

Tether has been preparing for MiCA by scaling back its services in Europe and instead investing heavily in new stablecoins that meet EU compliance requirements. However, some key competitors see this as a crucial opportunity to reduce Tether’s dominance in the market.
Meanwhile, there are concerns that potential regulatory chaos in the EU is occurring at a time when other regional crypto markets are booming. The country’s crypto industry has flourished since Donald Trump won the US presidency. Tether’s allies are receiving new appointments under Trump, and the company is making significant gains in the space.
European investors will have to hope that the turmoil surrounding MiCA and Tether’s withdrawal does not derail overall investment. Cryptocurrencies are entering a new level of institutional and regional adoption around the world, but Europe may still be missing out.
$BTC $ETH $XRP

#Mr_Pips

Bitcoin ($BTC ) fell 15% in the third week of December, marking its biggest weekly decline since August. Experts attributed the decline to the impact of global macroeconomic factors, warning that Bitcoin could continue to decline if these pressures increase.
However, Bitcoin also has intrinsic factors to balance the negative impact from the macro economy.
Global liquidity has fallen sharply in the past two months
According to The Kobeissi Letter, Bitcoin’s price has historically shown a 10-week lag in correlation with the Global Money Supply (Global M2). Over the past two months, Global M2 has decreased by $4.1 trillion, signaling the possibility that Bitcoin’s price could continue to decline if this trend continues.
Global M2 is a key economic indicator that measures the total money supply in the global economy, including cash, demand deposits (M1), time deposits, and other liquid assets. Movements in Global M2 often affect both the stock and cryptocurrency markets.
“When the global money supply hit a new record of $108.5 trillion in October, the Bitcoin price hit an all-time high of $108,000. However, over the past two months, the money supply has fallen by $4.1 trillion to $104.4 trillion, the lowest level since August. If this relationship holds, this suggests that the Bitcoin price could fall as low as $20,000 in the coming weeks.”

A month ago, Joe Consorti, Head of Growth at Bitcoin custody firm Theya, warned of a 20%-25% correction in Bitcoin based on similar metrics. That prediction appears to be coming true.
André Dragosch, Head of Research at Bitwise, echoed the same sentiment. He predicted that Bitcoin would continue to be pressured by tightening liquidity in the United States. However, he highlighted an intrinsic factor in Bitcoin that could counterbalance this liquidity squeeze: Bitcoin’s growing illiquid supply.

Higher illiquid supply indicates increased scarcity of Bitcoin, which can support its price according to supply-demand dynamics.
“Bitcoin is currently balancing between a) rising macro headwinds due to the US and global liquidity crunch and b) on-chain tailwinds due to the strong BTC supply shortage. Ultimately, the on-chain tailwinds will likely outweigh the negative macro headwinds but this could create some volatility in early 2025 (and possibly some attractive buying opportunities).”
At the time of writing, Bitcoin is trading around $94,000, with data from BeInCrypto showing it has dropped nearly 6% over the weekend.
#Mr_Pips #ChristmasMarketAnalysis #BTC

$SHIB
On December 19, 2023, Shiba Inu made a significant move in the cryptocurrency industry by announcing a strategic partnership with Chainlink, the leading provider of decentralized oracle networks. Through this collaboration, Chainlink's Cross-Chain Interoperability Protocol (CCIP) will be integrated into Shibarium—Shiba Inu’s Ethereum Layer 2 chain—ushering in a new era of cross-chain interoperability and utility for $SHIB , BONE, and LEASH tokens.
Enhancing Cross-Chain Interoperability
The integration of CCIP brings cross-chain functionality, enabling Shiba Inu to operate across 12 major blockchains, including Arbitrum, Avalanche, Polygon, and Optimism. This advancement not only broadens SHIB's accessibility but also enhances the real-world use cases of the tokens within Shiba Inu's ecosystem.
This increased interoperability is critical in attracting investors and other projects to the Shibarium ecosystem. With seamless access across multiple blockchain platforms, $SHIB has the potential to become a key player in DeFi and NFT applications.
Market Impact on SHIB
While the partnership announcement has energized the community, SHIB's price dropped by 8.5% in the past 24 hours, currently trading at $0.00002231. To achieve the dream milestone of $0.01, the token would need a nearly 50,000% increase—a daunting challenge in today’s volatile market.
Nevertheless, the Shiba Inu community remains optimistic. The combination of token-burning mechanisms and cross-chain capabilities is expected to significantly boost the token’s value in the future. Investors are now eagerly awaiting further announcements from the Shiba Inu development team.
Opportunities and Challenges
This partnership highlights Shiba Inu's long-term vision and its commitment to innovation and staying ahead of technological trends. However, translating technical advancements into strong price momentum remains a challenging task.
With an increasingly robust ecosystem and expanding applications, Shiba Inu is positioning itself as a formidable contender in the cryptocurrency market. The question remains: will the collaboration with Chainlink be enough to push SHIB closer to its ambitious goals? Only time will tell.
Conclusion
The partnership between Shiba Inu and Chainlink is a significant step in enhancing SHIB’s utility and influence. While the current price does not immediately reflect this development, the long-term potential of cross-chain interoperability could be a game-changer for the project. Investors should closely monitor upcoming updates to capitalize on future opportunities.

#Mr_Pips