MaxProCrypto

Resetting crypto in 3…2…👇

Recently, I wrote about the Ethereum Foundation and their liquidation. So I decided to dive a little deeper into this issue and understand more precisely where this reset in crypto is happening. It turned out to be not so far from the current levels)))

I won't keep you in suspense, the liquidation is around 1,100.$ for Ethereum.

It may seem far away, but there's a quirk on Wall Street: if someone's liquidation price is publicly known, then believe me, you're a very tasty boy whom others will want to rob to the last thread.

So, one huge whale on MakerDAO (this is one of the Foundation's wallets) holds 220,000 ETH (~$340 million). Recently, he added another 10,000 ETH and paid off part of the debt (3.52M DAI) to reduce the liquidation price to $1,119.3.

If Ethereum goes down to that level — this entire position could be liquidated.

That's how it is… it doesn't sound very appetizing, I personally don't believe we'll go down to that level, as deep down I'm still hoping for growth. But if we go down to 1,100 and they don't inject more margin, the crypto will experience a downturn 😊

In short, the situation is currently rough. If you think this is the final drop, you are mistaken, but to get ahead, it might happen in the coming weeks. There isn’t much longer to wait.

Today Europe is planning to chat, if it introduces retaliatory tariffs today. We will go down.

On the 9th, the remaining Trump tariffs will come into effect; if there are no changes, we will drop again (you think this is already priced in, not a chance).

On the 10th, China will impose retaliatory tariffs of 35%, if nothing is done and all this starts to take effect. The final plunge.

You might think, is that all? Not quite, if it happens this way and Trump’s tariffs do not compel everyone to sit at the negotiating table, he will raise the tariffs.))) Yes, that’s exactly how it will be, you can take a screenshot.

So this is our current situation. Crypto is heading to the abyss, and it won’t find a bottom in the coming weeks.

Mexico – 25% on all imports
Canada – 25% on most imported goods, lower tariffs on energy carriers
China – 20% on all imports

Planned tariffs:
Global – 25% on aluminum and steel (March 12)
Global – reciprocal tariffs (amount not yet announced) on all agricultural products (April 2)
Global – reciprocal tariffs (amount not yet announced) on all foreign cars (April 2)

Main crypto news this weekend:

🟢Yesterday, Trump announced the creation of a US crypto reserve, which will consist of BTC, ETH, SOL, XRP, and ADA.

🟢The White House and Donald Trump will hold the first-ever crypto summit on March 7.

🟢Grayscale reported that their Grayscale Digital Large Cap Fund includes the same crypto assets that were announced in the US Strategic Reserve.

🟢Ronaldinho launched his fan token STAR10 on the BSC network, in the contract of which the GoPlus project discovered that owners of the STAR10 token can burn tokens of any holder of this coin at their discretion.

🟢Expectations for a rate cut by the Fed in 2025 are growing. Markets are now predicting 2-3 cuts this year.

🟢Metaplanet bought another 156 BTC for $13.4 million, bringing their balance to 2391 BTC.

🟢Tether printed 1 billion USDT on the Ethereum network.

🟢Net outflows from spot ETFs last week:
BTC — $2.6 billion.
ETH — $335 million.

🟢Binance will remove trading pairs with USDT and other stablecoins that do not comply with MiCA requirements for EU users on March 31.

TRUMP ANNOUNCED THE CREATION OF A MULTI-CRYPTOCURRENCY RESERVE OF THE USA

Trump: The US cryptocurrency reserve will boost this critically important industry after many years of corrupt attacks from the Biden administration. That’s why in my executive order on digital assets, the presidential working group is tasked with creating a strategic cryptocurrency reserve that includes #XRP, #SOL, and #ADA. I will do everything in my power to make the USA the cryptocurrency capital of the world. We will make America great again.

I don't know if they will allow it or not, but as I wrote earlier, I am still expecting Bitcoin to reach 70K. Against the backdrop of Trump's trade war, all risky assets are falling, not just crypto. The only safe haven is U.S. government bonds, but we didn't come here for a 5% annual return in currency )))). Also, Trump's team is cutting fiscal spending, which has supported their economy for the last few years. All these tariffs, combined with spending cuts, should lead to a reduction in the budget deficit and a drop in corporate profits!!! A drop in profits = a drop in stocks, and somehow I don't believe we will stand against the S&P.

I've heard this morning about the gap that needs to be closed ))), yes, they do close quite often, but it's definitely not a panacea. Just so you know 👇

21,000 - 20,000 gap
11,000 gap
9,000 gap

So the gap doesn't bother me, but the level at 70-72 does worry me quite a bit. We broke 70K as a reference level and should have tested it as support already, but it didn't happen immediately. Perhaps the time has come.

Everyone should have the mindset of the co-founder of Blockworks 🔥

"Confused by those who want to give up at this part of the cycle and are not buying assets at current prices.

Do you really think the cycle is over?

Do you think Trump won't do everything possible to pump the crypto market?

Do you think the cryptocurrency regulation we've been waiting for years won't have any impact?

Do you think you sound smart by rambling about macroeconomics and taking a bearish position?

Don't you see that all major financial institutions and fintech companies are launching crypto products?

HAVE YOU STOPPED BELIEVING IN THE CRYPTO INDUSTRY!?"

Nothing more to add. CZ, Trump Jr., and the founders of many projects seem to be in unison in supporting market participants with their negative mindset.

In the previous 2 cycles of 2017 and 2021, dominance began its decline even before the establishment of ATH on bitcoin and ended already on the correction after.

Whether history will repeat itself in this cycle, we will soon find out.

Minus 150 billion in market capitalization – the result of the overnight dump.

Although even in this situation, a positive moment can be found: we have finally emerged from the tedious trading range, and now we can open the charts again.

By the way, when opening charts on higher timeframes, it is Bitcoin that should be analyzed; it makes no sense to open altcoin charts. Overall, for the future: analyzing altcoin charts makes sense only locally, when a participant appears during the day or when dominance is significantly reduced.

Returning to the Bitcoin chart. There is currently a frequent pattern of testing the lows of the trading range – breaking through the lows amid complete apathy and panic. There is no positivity; the crowd is demoralized: no one wants to buy back, and on the contrary – even the most faithful are now ready to sell their bags.

Why? Because Bitcoin is showing a frightening chart: a break of the lows/break of key levels and a downward exit from the range – something that retail fears the most. However, based on our experience, it is often at such points that a reversal begins.

We are waiting for the weekly candle close. If we see a close above 90k, we can confidently assert that the market has found its bottom.

Key events of the week:

⚪️Tuesday: Consumer Confidence data from CB.
⚪️Wednesday: New Home Sales statistics for January.
⚪️Wednesday: Nvidia ($NVDA) earnings report.
⚪️Thursday: US GDP data for Q4 2024.
⚪️Friday: PCE Inflation data for January.

A total of 10 speeches by Fed representatives this week.

👀 The whale withdrew 42,895 $SOL amounting to $7.89 million from Binance, and then sent 42,805 SOL to staking.

And they say whales are dumping Solana, some are even staking instead.

👀 On March 1, 9.75 million SOL ($1.8 billion) will be unlocked from the FTX bankruptcy auctions.

💳There were 3 auctions in total:

— The first one sold SOL for $64;
— The second one sold for $95;
— The third one sold for $102.

Buyers have huge unrealized profits.

🐂 Bull markets favor the patient

This was reported on Twitter by (X) CryptoCon:

"A little fear, a little boredom - and the bull market continues!

This Bitcoin cycle has proven to be much more methodical and healthy than the last one.

We've only had two short periods of extreme greed in this cycle, and there's potential for much more