Vijay Gir
Crypto Educator | Web3 Marketing Master | Certified Expert spreading the #Blockchain awareness | #Bitcoin is ❤
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Why Bitcoin is Not Moving Today? BTC update 24-07-25
I shared the potential movement of $BTC on July 22, and we all saw how it played out.
Since this play, the price of bitcoin has been moving in a very consolidated zone. The F/G index is at 67, which shows the market is not bathing in greed but is looking for any opportunity to jump in. On the other side, bears are waiting to capture the market if it feels any weak. Can liquidity zones help in finding some solution? Let's see.
The high saturation liquidity lies at $120k and $116,500 and the current market is exactly in between of both. The market is so much confused right now and it feels almost impossible to predict what way the market will move. But we can always check RSI and balance of Power.
If pay some close attention to the movement of price on 4-hourly chart, we would notice that even when the price was moving up and down, the RSI was moving in a very defined way around 50. Was this the highlight of what was coming ahead, yes possibly. Various parts of chart starts to flash the upcoming market movement.
Looking at the chart on hourly time frame, I found this. Another descending triangle has formed over the existing one. This happens at very rare chance and given another perspective or redefining the original triangle.
First if we take this new triangle into consideration and along with the liquidity map and RSI, it looks like this (marked with black) can be the possible courses of price movement.
But because the chart was not satisfying me, I thought to update the triangle with the new data and voila, chart started saying another thing.
With the triangle now updated I added the fib levels and it was clear that the current price is stuck between 0.382 and 0.5 levels with the former acting as support and later at resistance. The current price is also getting support from MA 20 and 50. At present the there are more shorts open in the market than longs, means traders believe the price will fall down and to think that is absolutely normal looking at current market conditions.
We might have to wait a few hours before it takes a side, but if 0.382 level fails to hold the price, it might plummet to level 0 at $115,700.
That can be a good location for a trade but trust no one, use your judgement for your trades as that is your responsibility.
Since this play, the price of bitcoin has been moving in a very consolidated zone. The F/G index is at 67, which shows the market is not bathing in greed but is looking for any opportunity to jump in. On the other side, bears are waiting to capture the market if it feels any weak. Can liquidity zones help in finding some solution? Let's see.
The high saturation liquidity lies at $120k and $116,500 and the current market is exactly in between of both. The market is so much confused right now and it feels almost impossible to predict what way the market will move. But we can always check RSI and balance of Power.
If pay some close attention to the movement of price on 4-hourly chart, we would notice that even when the price was moving up and down, the RSI was moving in a very defined way around 50. Was this the highlight of what was coming ahead, yes possibly. Various parts of chart starts to flash the upcoming market movement.
Looking at the chart on hourly time frame, I found this. Another descending triangle has formed over the existing one. This happens at very rare chance and given another perspective or redefining the original triangle.
First if we take this new triangle into consideration and along with the liquidity map and RSI, it looks like this (marked with black) can be the possible courses of price movement.
But because the chart was not satisfying me, I thought to update the triangle with the new data and voila, chart started saying another thing.
With the triangle now updated I added the fib levels and it was clear that the current price is stuck between 0.382 and 0.5 levels with the former acting as support and later at resistance. The current price is also getting support from MA 20 and 50. At present the there are more shorts open in the market than longs, means traders believe the price will fall down and to think that is absolutely normal looking at current market conditions.
We might have to wait a few hours before it takes a side, but if 0.382 level fails to hold the price, it might plummet to level 0 at $115,700.
That can be a good location for a trade but trust no one, use your judgement for your trades as that is your responsibility.
For $BTC , I shared this chart earlier and you can check the price touched $120k and faced a pull back and entered back to the triangle. The support level at $118k and resistance at $120k still hold strong, causing the market to move in a side way trend.
This side movement in market terms is known as Consolidation zone. This is a confined zone that an asset price takes before in either direction. Both side traders take their time to gather forces and who ever brings in more power takes the price their side.
This happens to be the best time to test out your market theory and how effectively you understand market psychology.
But don't cheat and write in a notebook all the things in the market that you feel are going to happen and which way the market will move and why. Make sure to stay in touch with the news and updated with any market or non market information that might impact your theory.
keep doing this and you will master the market one day.
or you can follow me and start sharing your thoughts online like here in Binance square or on some other social media, now you owe your mistakes because people are gonna see how wrong you were at times....
this is the best way of learning.
This side movement in market terms is known as Consolidation zone. This is a confined zone that an asset price takes before in either direction. Both side traders take their time to gather forces and who ever brings in more power takes the price their side.
This happens to be the best time to test out your market theory and how effectively you understand market psychology.
But don't cheat and write in a notebook all the things in the market that you feel are going to happen and which way the market will move and why. Make sure to stay in touch with the news and updated with any market or non market information that might impact your theory.
keep doing this and you will master the market one day.
or you can follow me and start sharing your thoughts online like here in Binance square or on some other social media, now you owe your mistakes because people are gonna see how wrong you were at times....
this is the best way of learning.
Is Bitcoin Going To Crash? Check Facts.
At this point when $BTC is hanging around $119,000 and the investors are waiting it to go beyond $120k, some even $150k but in real there are high chances we see a fall.
Without a doubt we are witnessing a descending Triangle and the price is entering above the $118k zone, but there are still chances of a pull back due to the high resistance.
Along with the chart pattern flashing a bullish sign, we can also see that there is more saturation in liquidity towards $120k rather than downside.
There is a huge chance the BTC price will follow the line drawn to reflect a potential price movement but keep advised, sometime an asset can breach the resistance in single blow. If that happens, the price is not going to face a pull back towards $118,150 and will by pass $120k.
If you are trading, keep tight stop loss because the price can come back and enter the triangle once again to gather potential or the market can hunt SL.
I hope you don't have a high leverage and you make a profit.
Without a doubt we are witnessing a descending Triangle and the price is entering above the $118k zone, but there are still chances of a pull back due to the high resistance.
Along with the chart pattern flashing a bullish sign, we can also see that there is more saturation in liquidity towards $120k rather than downside.
There is a huge chance the BTC price will follow the line drawn to reflect a potential price movement but keep advised, sometime an asset can breach the resistance in single blow. If that happens, the price is not going to face a pull back towards $118,150 and will by pass $120k.
If you are trading, keep tight stop loss because the price can come back and enter the triangle once again to gather potential or the market can hunt SL.
I hope you don't have a high leverage and you make a profit.
Is Bitcoin Going To Crash? Check Facts.
At this point when $BTC is hanging around $119,000 and the investors are waiting it to go beyond $120k, some even $150k but in real there are high chances we see a fall.
Without a doubt we are witnessing a descending Triangle and the price is entering above the $118k zone, but there are still chances of a pull back due to the high resistance.
Along with the chart pattern flashing a bullish sign, we can also see that there is more saturation in liquidity towards $120k rather than downside.
There is a huge chance the BTC price will follow the line drawn to reflect a potential price movement but keep advised, sometime an asset can breach the resistance in single blow. If that happens, the price is not going to face a pull back towards $118,150 and will by pass $120k.
If you are trading, keep tight stop loss because the price can come back and enter the triangle once again to gather potential or the market can hunt SL.
I hope you don't have a high leverage and you make a profit.
Without a doubt we are witnessing a descending Triangle and the price is entering above the $118k zone, but there are still chances of a pull back due to the high resistance.
Along with the chart pattern flashing a bullish sign, we can also see that there is more saturation in liquidity towards $120k rather than downside.
There is a huge chance the BTC price will follow the line drawn to reflect a potential price movement but keep advised, sometime an asset can breach the resistance in single blow. If that happens, the price is not going to face a pull back towards $118,150 and will by pass $120k.
If you are trading, keep tight stop loss because the price can come back and enter the triangle once again to gather potential or the market can hunt SL.
I hope you don't have a high leverage and you make a profit.
On 18 July 2024, WazirX was hacked. Exactly a year later, on 19 July 2025, CoinDCX faced a hack. The difference? WazirX has spent the last year hiding behind a moratorium scheme, using users’ funds for legal battles against those very users and covering its own expenses. On the other hand, CoinDCX openly stated that the exchange will bear the loss and ensured that users’ funds remain unharmed.
After the WazirX hack, they immediately froze both crypto and fiat withdrawals but kept deposits and trading open until 21 July 2024—three days after the hack. It was only after crypto KOLs called them out on Twitter that WazirX stopped trading and deposits. CoinDCX, however, has not halted withdrawals; people can freely withdraw their funds, and co-founders Sumit and Neeraj are giving regular updates every few hours.
This is the difference between a pretend leader and a true leader. Nischal Shetty has made nothing but false promises for a year, while CoinDCX’s founders have acted without making any empty claims. I am neither biased nor anti-anyone—whoever works for the community will be appreciated, and whoever exploits it will be called out. If tomorrow Sumit Gupta or any other Indian crypto exchange CEO does wrong, I will write against them too.
What are your thoughts on this? Do you believe Nischal Shetty will return users’ funds?
After the WazirX hack, they immediately froze both crypto and fiat withdrawals but kept deposits and trading open until 21 July 2024—three days after the hack. It was only after crypto KOLs called them out on Twitter that WazirX stopped trading and deposits. CoinDCX, however, has not halted withdrawals; people can freely withdraw their funds, and co-founders Sumit and Neeraj are giving regular updates every few hours.
This is the difference between a pretend leader and a true leader. Nischal Shetty has made nothing but false promises for a year, while CoinDCX’s founders have acted without making any empty claims. I am neither biased nor anti-anyone—whoever works for the community will be appreciated, and whoever exploits it will be called out. If tomorrow Sumit Gupta or any other Indian crypto exchange CEO does wrong, I will write against them too.
What are your thoughts on this? Do you believe Nischal Shetty will return users’ funds?
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Do you need content in Hindi?
If you need it, I can create it in Hindi.
If you need it, I can create it in Hindi.
हां , बहुत जरूरत है
100%
नहीं चाहिए
0%
1 votes • Voting closed
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We can gauge what kind of market we are in right now from the fact that the prices of fundamental coins like BTC, ETH, BNB, and SOL have dropped significantly, while tokens like Fart coin are making so much profit.
When BTC starts to push the market up, then such tokens will be snatched away from people's wallets, right?
Not necessarily.
I have been in the market since November 2016, and many of the top-performing crypto projects from that time no longer even exist.
If you see the projects today and if you survive here for 4 years, you will find that more than half of them won't even be visible to you.
Currently, there are 13.24 million crypto tokens in the market, check the data on CMC.
When BTC starts to push the market up, then such tokens will be snatched away from people's wallets, right?
Not necessarily.
I have been in the market since November 2016, and many of the top-performing crypto projects from that time no longer even exist.
If you see the projects today and if you survive here for 4 years, you will find that more than half of them won't even be visible to you.
Currently, there are 13.24 million crypto tokens in the market, check the data on CMC.
See original
What do you want to see in Binance square?
Are there any Hinglish-speaking people here?
If yes, let me know and I will start creating content for you here.
By the way, it should be, it's not possible for people in India who are into crypto not to be on Binance.
It's really fun to create content in your own language.
Are there any Hinglish-speaking people here?
If yes, let me know and I will start creating content for you here.
By the way, it should be, it's not possible for people in India who are into crypto not to be on Binance.
It's really fun to create content in your own language.
Sometimes all you need is to close a trade before it kills you 💢😶🌫️
B
SOLUSDT
Perp
Closed
PNL
+0.22USDT
Ethereum has faced a 4% dip, trading at $3,354.5 amid a broader crypto market decline, with the total crypto cap dropping to $3.32 trillion. Technical analysis shows Ethereum was rejected at the $3,524 zone, with MA 20 and 50 failing to provide support. A death cross on December 23 signaled this dip. Trading activity fell by 10.06%, and the long/short ratio at 0.846 reflects bearish sentiment as 54.17% of open trades are shorts.
CryptoQuant data indicates exchange reserves are declining, with only 19.05 million ETH held, suggesting confidence among investors as assets move to cold wallets. ETF flows on December 24 saw modest inflows, led by Blackrock’s ETHA at $43.90 million.
While the market appears bearish, declining exchange reserves suggest growing confidence in Ethereum's long-term prospects. The market's unpredictable behavior may lead to unexpected upward movement, rewarding strategic investors who act wisely despite short-term bearish trends.
CryptoQuant data indicates exchange reserves are declining, with only 19.05 million ETH held, suggesting confidence among investors as assets move to cold wallets. ETF flows on December 24 saw modest inflows, led by Blackrock’s ETHA at $43.90 million.
While the market appears bearish, declining exchange reserves suggest growing confidence in Ethereum's long-term prospects. The market's unpredictable behavior may lead to unexpected upward movement, rewarding strategic investors who act wisely despite short-term bearish trends.
Bitcoin Nears $100K: Is a Bullish Reversal Ahead?
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?
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?
Shiba Inu has unveiled SHIB: The Metaverse as a Christmas gift to fans. This virtual platform, powered by Shibarium, offers early access and aims to revolutionize online interactions. It lets users own digital land, create avatars, and host events, all within a decentralized space.
SHIB: The Metaverse is designed to be more than just a virtual hangout. It encourages creativity by allowing users to design their own spaces, whether it's a park, gallery, or something entirely unique. The focus is on personalization, with avatars representing each user’s identity, making the experience engaging and fun.
The project draws inspiration from groundbreaking ideas seen with companies like Netflix and Apple. Its goal is to achieve a major shift in how people connect, blending virtual and real-world engagement in an innovative way. Central to its vision is decentralization, offering ownership and control to users, which is a step beyond traditional platforms.
The metaverse is now live, but it's just beginning. The team encourages users to explore, build, and contribute to shaping this evolving virtual world. This launch marks the start of an exciting digital journey and invites people to be part of the next era of online interaction.
You can download the early access metaverse on your computer from shibthemetaverse(dot)io
SHIB: The Metaverse is designed to be more than just a virtual hangout. It encourages creativity by allowing users to design their own spaces, whether it's a park, gallery, or something entirely unique. The focus is on personalization, with avatars representing each user’s identity, making the experience engaging and fun.
The project draws inspiration from groundbreaking ideas seen with companies like Netflix and Apple. Its goal is to achieve a major shift in how people connect, blending virtual and real-world engagement in an innovative way. Central to its vision is decentralization, offering ownership and control to users, which is a step beyond traditional platforms.
The metaverse is now live, but it's just beginning. The team encourages users to explore, build, and contribute to shaping this evolving virtual world. This launch marks the start of an exciting digital journey and invites people to be part of the next era of online interaction.
You can download the early access metaverse on your computer from shibthemetaverse(dot)io
Matador Technologies, a Canadian firm specializing in digital asset transformation, is integrating Bitcoin into its treasury to navigate economic challenges and align with future goals. The decision, unanimously approved by the Board of Directors, reflects concerns over Canada’s oil-dependent economy and rising national debt. To mitigate risks, Matador plans to invest $4.5 million in Bitcoin by the end of 2024, while also shifting cash reserves from Canadian dollars to US dollars.
Bitcoin’s appeal lies in its limited supply, making it a hedge against inflation. Matador also sees it as a cornerstone for their upcoming digital gold platform. Launching in 2025, this blockchain-based platform will allow users to trade tokenized gold stored at the Royal Canadian Mint. Bitcoin’s reliability and security align with Matador’s values of trust and permanence.
Sunny Ray, Matador’s President, and CEO Deven Soni both highlight Bitcoin’s strategic importance in securing the company’s future. The company plans gradual Bitcoin purchases and will finalize technology decisions for the platform by early 2025, followed by a limited release. Shareholders can expect ongoing updates on treasury management and platform progress.
Matador’s move signals a shift toward innovative financial strategies in an evolving global economy.
Bitcoin’s appeal lies in its limited supply, making it a hedge against inflation. Matador also sees it as a cornerstone for their upcoming digital gold platform. Launching in 2025, this blockchain-based platform will allow users to trade tokenized gold stored at the Royal Canadian Mint. Bitcoin’s reliability and security align with Matador’s values of trust and permanence.
Sunny Ray, Matador’s President, and CEO Deven Soni both highlight Bitcoin’s strategic importance in securing the company’s future. The company plans gradual Bitcoin purchases and will finalize technology decisions for the platform by early 2025, followed by a limited release. Shareholders can expect ongoing updates on treasury management and platform progress.
Matador’s move signals a shift toward innovative financial strategies in an evolving global economy.
What came to your mind when you saw this picture?
A brief explanation is shared on my x. You know what to do.
Merry Christmas
🎄🎅
A brief explanation is shared on my x. You know what to do.
Merry Christmas
🎄🎅
Will Bitcoin Hit $100K This Christmas?
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. 🎄
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. 🎄
Top 5 Blockchains by TVL in 2024: Ethereum Leads the Way
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.
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.
Uniswap has introduced Unichain, its own Layer 2 solution for DeFi, currently active on the Sepolia testnet since October. Built using the OP Stack framework, Unichain aims to enhance scalability and security. The testnet has already processed 50 million transactions, deployed over 4 million contracts, and maintained 99% uptime.
The mainnet launch, planned for early 2025, will feature permissionless fault proofs for blockchain validation, Flashblocks reducing block times to 250 milliseconds, a decentralized Unichain Validation Network, and Rollup-Boost by Flashbots for secure block building.
Unichain will integrate with Optimism’s Superchain ecosystem, with Uniswap Labs contributing to the OP Stack. If successful, it could set new standards for Ethereum Layer 2 solutions by focusing on speed, security, and decentralization.
With Uniswap already handling $1 billion in daily transactions, Unichain’s innovations could redefine DeFi’s future. The mainnet launch in 2025 is eagerly awaited to see if it lives up to its promise of revolutionizing DeFi.
The mainnet launch, planned for early 2025, will feature permissionless fault proofs for blockchain validation, Flashblocks reducing block times to 250 milliseconds, a decentralized Unichain Validation Network, and Rollup-Boost by Flashbots for secure block building.
Unichain will integrate with Optimism’s Superchain ecosystem, with Uniswap Labs contributing to the OP Stack. If successful, it could set new standards for Ethereum Layer 2 solutions by focusing on speed, security, and decentralization.
With Uniswap already handling $1 billion in daily transactions, Unichain’s innovations could redefine DeFi’s future. The mainnet launch in 2025 is eagerly awaited to see if it lives up to its promise of revolutionizing DeFi.
Why Is Ethereum Falling? Justin Sun’s $143M ETH Sale Sparks Concerns
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.
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 Struggles to Break $4,000
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.
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.
Hyperliquid Token Reaches $10 Billion Milestone: Key Highlights
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.
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 Fails to Rise Back to $100k: Analysis and Expectations
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?
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?
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