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$ETH
Ethereum most ‘undervalued’ in 17 months — Can ETH return to $4K?
Ethereum’s MVRV Z-Score, a key metric for assessing its valuation, has dropped to its lowest level since October 2023. Historically, such low levels signaled strong accumulation phases and preceded major bull runs.
Ethereum’s MVRV Z-Score signals undervaluation
The MVRV Z-Score, which compares Ethereum’s market value to its realized value, is nearing the green zone—an area historically linked to undervaluation. The last time ETH was at this level, it surged nearly 160% to $4,000.
CryptoQuant data also shows a spike in ETH inflows to accumulation addresses, suggesting that institutional investors and long-term holders are buying at a discount. Ethereum whales, holding between 1,000 and 10,000 ETH, have been accumulating aggressively since July 2024, coinciding with the launch of spot Ether ETFs in the US.
Can ETH price reclaim $4,000?
As of March 6, ETH is trading near $2,291, testing key support at the 200-week EMA ($2,294). A rebound from this level could trigger a move toward $3,650, aligning with the symmetrical triangle’s upper trendline.
Key resistance levels include:
• $2,518 (0.382 Fib)
• $3,000 (0.5 Fib)
• $3,420 (0.618 Fib)
A breakout above $4,063 (0.786 Fib) would confirm a bullish trend. However, a drop below the triangle’s lower trendline could push ETH down to $1,050.
#USCryptoReserve #MarketRebound $BTC
$XRP
Ethereum most ‘undervalued’ in 17 months — Can ETH return to $4K?
Ethereum’s MVRV Z-Score, a key metric for assessing its valuation, has dropped to its lowest level since October 2023. Historically, such low levels signaled strong accumulation phases and preceded major bull runs.
Ethereum’s MVRV Z-Score signals undervaluation
The MVRV Z-Score, which compares Ethereum’s market value to its realized value, is nearing the green zone—an area historically linked to undervaluation. The last time ETH was at this level, it surged nearly 160% to $4,000.
CryptoQuant data also shows a spike in ETH inflows to accumulation addresses, suggesting that institutional investors and long-term holders are buying at a discount. Ethereum whales, holding between 1,000 and 10,000 ETH, have been accumulating aggressively since July 2024, coinciding with the launch of spot Ether ETFs in the US.
Can ETH price reclaim $4,000?
As of March 6, ETH is trading near $2,291, testing key support at the 200-week EMA ($2,294). A rebound from this level could trigger a move toward $3,650, aligning with the symmetrical triangle’s upper trendline.
Key resistance levels include:
• $2,518 (0.382 Fib)
• $3,000 (0.5 Fib)
• $3,420 (0.618 Fib)
A breakout above $4,063 (0.786 Fib) would confirm a bullish trend. However, a drop below the triangle’s lower trendline could push ETH down to $1,050.
#USCryptoReserve #MarketRebound $BTC
$XRP
Bitcoin dominance drops below 50% as Trump touts crypto reserve plan
Bitcoin’s dominance fell from 55.4% to 49.6% after U.S. President Donald Trump announced the inclusion of XRP, Solana, and Cardano in the country’s “Crypto Strategic Reserve.” While Trump later confirmed that Bitcoin and Ether would be central to the reserve, his support for altcoins sparked criticism from Bitcoin advocates and skeptics alike.
Altcoins surged following the announcement—Cardano and XRP jumped 60.3% and 34.7%, respectively, while Solana and Ether gained 25.5% and 13.1%. Bitcoin, in comparison, rose only 10% to $94,220.
Trump’s decision to expand the reserve beyond Bitcoin surprised many, including well-known Bitcoin critic Peter Schiff. While Schiff acknowledged Bitcoin’s similarity to gold, he questioned the logic of holding an XRP reserve.
Industry leaders also voiced skepticism. Jeff Park from Bitwise called it a “huge political miscalculation,” arguing that Bitcoin should be the sole asset in a strategic reserve. Casa CEO Nick Neuman dismissed altcoins as having “infinite supply and zero utility.” Others, like Pierre Rochard of Riot Platforms, predicted the reserve would eventually become “Bitcoin-only” as altcoins lose value relative to Bitcoin.
The Crypto Strategic Reserve follows weeks of evaluation by Trump’s Working Group on Digital Assets, led by Bo Hines and David Sacks. Trump will host the first White House Crypto Summit on March 7 to discuss regulatory policies and stablecoin oversight, chaired by Sacks and administered by Hines.
#MarketRebound $BTC
Bitcoin’s dominance fell from 55.4% to 49.6% after U.S. President Donald Trump announced the inclusion of XRP, Solana, and Cardano in the country’s “Crypto Strategic Reserve.” While Trump later confirmed that Bitcoin and Ether would be central to the reserve, his support for altcoins sparked criticism from Bitcoin advocates and skeptics alike.
Altcoins surged following the announcement—Cardano and XRP jumped 60.3% and 34.7%, respectively, while Solana and Ether gained 25.5% and 13.1%. Bitcoin, in comparison, rose only 10% to $94,220.
Trump’s decision to expand the reserve beyond Bitcoin surprised many, including well-known Bitcoin critic Peter Schiff. While Schiff acknowledged Bitcoin’s similarity to gold, he questioned the logic of holding an XRP reserve.
Industry leaders also voiced skepticism. Jeff Park from Bitwise called it a “huge political miscalculation,” arguing that Bitcoin should be the sole asset in a strategic reserve. Casa CEO Nick Neuman dismissed altcoins as having “infinite supply and zero utility.” Others, like Pierre Rochard of Riot Platforms, predicted the reserve would eventually become “Bitcoin-only” as altcoins lose value relative to Bitcoin.
The Crypto Strategic Reserve follows weeks of evaluation by Trump’s Working Group on Digital Assets, led by Bo Hines and David Sacks. Trump will host the first White House Crypto Summit on March 7 to discuss regulatory policies and stablecoin oversight, chaired by Sacks and administered by Hines.
#MarketRebound $BTC
Hear This It's Crazy 😧
Bitcoin’s correction may extend to April: Matrixport research
Bitcoin’s current correction could persist until March or April before attempting a rebound, according to Matrixport.
On Feb. 27, Bitcoin fell below $80,000 for the first time in a week amid a broader market sell-off driven by rising global trade tensions. The US stock market also suffered losses, with the Nasdaq 100 dropping 7.05% over five days, while the S&P 500 and Dow Jones fell 1.33% each.
Matrixport’s Feb. 28 report emphasizes that macroeconomic trends and central bank policies are crucial for forecasting Bitcoin’s trajectory, especially as Wall Street investors increasingly participate in Bitcoin trading.
US Dollar Strengthens, Pressuring Bitcoin
The US dollar has been rising as traders seek safety. A stronger dollar reduces global liquidity, putting downward pressure on Bitcoin prices. Matrixport attributes Bitcoin’s correction to liquidity peaking in late December 2024 due to the dollar’s surge.
The US Dollar Index (DXY) climbed for a third straight day, nearing 107.40, after US President Donald Trump reaffirmed tariff hikes—25% on imports from Canada and Mexico and an additional 10% on Chinese goods starting March 4.
Bitcoin ETFs in the US have seen $39 billion in inflows since launching in January 2024. However, 56% of these funds are likely tied to arbitrage strategies rather than long-term investments, according to 10x Research’s Markus Thielen.
Bitcoin Bulls Remain Active
Despite the correction, some traders see an opportunity to “buy the dip.” Santiment’s tracker shows a surge in mentions of this strategy, reaching the highest level since July 2024.
Capriole Investment’s Charles Edwards suggests fear-driven liquidations may signal a short-term bottom. Meanwhile, CryptoQuant CEO Ki Young Ju maintains the bull cycle isn’t over—unless Bitcoin falls significantly below $75,000.
#BinanceAlphaAlert #BTCDipOrRebound $BTC
Bitcoin’s correction may extend to April: Matrixport research
Bitcoin’s current correction could persist until March or April before attempting a rebound, according to Matrixport.
On Feb. 27, Bitcoin fell below $80,000 for the first time in a week amid a broader market sell-off driven by rising global trade tensions. The US stock market also suffered losses, with the Nasdaq 100 dropping 7.05% over five days, while the S&P 500 and Dow Jones fell 1.33% each.
Matrixport’s Feb. 28 report emphasizes that macroeconomic trends and central bank policies are crucial for forecasting Bitcoin’s trajectory, especially as Wall Street investors increasingly participate in Bitcoin trading.
US Dollar Strengthens, Pressuring Bitcoin
The US dollar has been rising as traders seek safety. A stronger dollar reduces global liquidity, putting downward pressure on Bitcoin prices. Matrixport attributes Bitcoin’s correction to liquidity peaking in late December 2024 due to the dollar’s surge.
The US Dollar Index (DXY) climbed for a third straight day, nearing 107.40, after US President Donald Trump reaffirmed tariff hikes—25% on imports from Canada and Mexico and an additional 10% on Chinese goods starting March 4.
Bitcoin ETFs in the US have seen $39 billion in inflows since launching in January 2024. However, 56% of these funds are likely tied to arbitrage strategies rather than long-term investments, according to 10x Research’s Markus Thielen.
Bitcoin Bulls Remain Active
Despite the correction, some traders see an opportunity to “buy the dip.” Santiment’s tracker shows a surge in mentions of this strategy, reaching the highest level since July 2024.
Capriole Investment’s Charles Edwards suggests fear-driven liquidations may signal a short-term bottom. Meanwhile, CryptoQuant CEO Ki Young Ju maintains the bull cycle isn’t over—unless Bitcoin falls significantly below $75,000.
#BinanceAlphaAlert #BTCDipOrRebound $BTC
Bitcoin sheds nearly all Trump election gains in plummet under $80K
Bitcoin dropped below $80,000 for the first time since November as concerns over US President Donald Trump’s proposed tariffs intensified.
$70K now a possible target
On Feb. 27, BTC hit $79,752, triggering $100 million in liquidations. Many traders had expected $82,000 to hold as support, but some now predict a further drop toward $70,000.
Trader dmac said, “Dip buyers are getting smoked. I still see $70K as the target.” Another trader, Rager, noted that a 30–40% correction is typical in bull markets, making a dip to the low $70K range unsurprising.
Market uncertainty and long-term bullish outlook
Polymarket data shows traders are split on whether BTC will rebound or fall below $70K. Since Trump’s inauguration on Jan. 20, Bitcoin has dropped nearly 26% from its all-time high of $109,000.
Despite short-term volatility, institutions remain optimistic. Standard Chartered’s Geoffrey Kendrick forecasts BTC reaching $200,000 this year and $500,000 before Trump’s second term ends.
#BinanceAlphaAlert #BTCDipOrRebound $BTC
Bitcoin dropped below $80,000 for the first time since November as concerns over US President Donald Trump’s proposed tariffs intensified.
$70K now a possible target
On Feb. 27, BTC hit $79,752, triggering $100 million in liquidations. Many traders had expected $82,000 to hold as support, but some now predict a further drop toward $70,000.
Trader dmac said, “Dip buyers are getting smoked. I still see $70K as the target.” Another trader, Rager, noted that a 30–40% correction is typical in bull markets, making a dip to the low $70K range unsurprising.
Market uncertainty and long-term bullish outlook
Polymarket data shows traders are split on whether BTC will rebound or fall below $70K. Since Trump’s inauguration on Jan. 20, Bitcoin has dropped nearly 26% from its all-time high of $109,000.
Despite short-term volatility, institutions remain optimistic. Standard Chartered’s Geoffrey Kendrick forecasts BTC reaching $200,000 this year and $500,000 before Trump’s second term ends.
#BinanceAlphaAlert #BTCDipOrRebound $BTC
Bitcoin tumbles under $90K amid ETF sell-off, mounting liquidations
Bitcoin fell below $90,000 for the first time since November 2024, hitting $87,629 on Feb. 25. The drop comes amid continued sell-offs in U.S. spot Bitcoin ETFs, which saw $516 million in outflows on Feb. 24 alone. ETFs have now experienced six straight days of withdrawals, totaling over $1.14 billion in the two weeks leading up to Feb. 21, marking the largest outflows since trading began in January.
Analysts suggest the ETF sell-off is linked to escalating U.S.-China trade tensions. While President Donald Trump hinted at a possible trade deal with China, no timeline has been given, adding to market uncertainty.
Beyond geopolitical concerns, crypto markets have been shaken by the record-breaking $1.4 billion Bybit hack on Feb. 21. This, combined with high volatility, has triggered $1.3 billion in crypto liquidations over the past 24 hours, impacting 362,000 traders. Bitcoin alone accounted for $523 million in liquidations, according to CoinGlass.
Despite the downturn, some analysts see parallels with Bitcoin’s 2017 market cycle, when multiple 28% corrections occurred over two to three months. Raoul Pal, CEO of Global Macro Investor, noted that such pullbacks are part of Bitcoin’s historical price patterns.
#MarketPullback #TraderProfile $BTC
Bitcoin fell below $90,000 for the first time since November 2024, hitting $87,629 on Feb. 25. The drop comes amid continued sell-offs in U.S. spot Bitcoin ETFs, which saw $516 million in outflows on Feb. 24 alone. ETFs have now experienced six straight days of withdrawals, totaling over $1.14 billion in the two weeks leading up to Feb. 21, marking the largest outflows since trading began in January.
Analysts suggest the ETF sell-off is linked to escalating U.S.-China trade tensions. While President Donald Trump hinted at a possible trade deal with China, no timeline has been given, adding to market uncertainty.
Beyond geopolitical concerns, crypto markets have been shaken by the record-breaking $1.4 billion Bybit hack on Feb. 21. This, combined with high volatility, has triggered $1.3 billion in crypto liquidations over the past 24 hours, impacting 362,000 traders. Bitcoin alone accounted for $523 million in liquidations, according to CoinGlass.
Despite the downturn, some analysts see parallels with Bitcoin’s 2017 market cycle, when multiple 28% corrections occurred over two to three months. Raoul Pal, CEO of Global Macro Investor, noted that such pullbacks are part of Bitcoin’s historical price patterns.
#MarketPullback #TraderProfile $BTC
$BTC Bitcoin falls under $91K — Bitfinex says it’s at a ‘critical juncture’
Bitcoin has dropped below $91,000, marking its lowest price since late November, as market momentum stalls. Analysts at Bitfinex warn that Bitcoin is at a “critical juncture” after nearly 90 days of consolidation between $91,000 and $102,000.
The broader crypto market also fell 8% in the past day, dropping from $3.31 trillion to $3.09 trillion. The decline coincided with former U.S. President Donald Trump confirming that his planned 25% tariffs on Canada and Mexico will proceed as scheduled.
This triggered a wave of liquidations, with over $961 million wiped out, including $891 million in long positions. Long Bitcoin bets accounted for $277 million of the total liquidations, according to CoinGlass.
Bitfinex analysts note that Bitcoin is increasingly correlating with traditional financial markets, which have also seen downturns. The S&P 500 fell 2.3% in the past five trading days, while the Nasdaq Composite dropped 4%. Institutional demand for Bitcoin through spot ETFs has also slowed, with weekly outflows reaching $552.5 million as of Feb. 21.
Economic uncertainty is further pressuring the market. A University of Michigan survey reported a 10% drop in U.S. consumer sentiment in February, hitting a 15-month low. Analysts also warn that Trump’s proposed tariffs could increase inflationary pressures, reversing progress made in disinflation over the past two years.
#MarketPullback #SaylorBTCPurchase #TraderProfile
Bitcoin has dropped below $91,000, marking its lowest price since late November, as market momentum stalls. Analysts at Bitfinex warn that Bitcoin is at a “critical juncture” after nearly 90 days of consolidation between $91,000 and $102,000.
The broader crypto market also fell 8% in the past day, dropping from $3.31 trillion to $3.09 trillion. The decline coincided with former U.S. President Donald Trump confirming that his planned 25% tariffs on Canada and Mexico will proceed as scheduled.
This triggered a wave of liquidations, with over $961 million wiped out, including $891 million in long positions. Long Bitcoin bets accounted for $277 million of the total liquidations, according to CoinGlass.
Bitfinex analysts note that Bitcoin is increasingly correlating with traditional financial markets, which have also seen downturns. The S&P 500 fell 2.3% in the past five trading days, while the Nasdaq Composite dropped 4%. Institutional demand for Bitcoin through spot ETFs has also slowed, with weekly outflows reaching $552.5 million as of Feb. 21.
Economic uncertainty is further pressuring the market. A University of Michigan survey reported a 10% drop in U.S. consumer sentiment in February, hitting a 15-month low. Analysts also warn that Trump’s proposed tariffs could increase inflationary pressures, reversing progress made in disinflation over the past two years.
#MarketPullback #SaylorBTCPurchase #TraderProfile
Why is the crypto market down today?
The crypto market is in decline, with total market capitalization falling 3% to $3.1 trillion on Feb. 24.
Key factors driving the drop:
• The market is still reeling from the $1.4B Bybit hack.
• Investors are in risk-off mode amid continued capital outflows.
• Stiff resistance is limiting recovery efforts.
Ethereum leads the market slump
The downturn follows the Feb. 21 Bybit hack, the largest-ever crypto heist.
• Ethereum leads losses, down 5% to below $2,700.
• Bitcoin and Solana dropped 0.8% and 9%, respectively.
• XRP, Dogecoin, and Cardano fell 4.5%, 6.3%, and 6%.
Mass liquidations worsened the sell-off:
• $268M in crypto liquidations occurred in 24 hours.
• $40.13M in long ETH positions were wiped out, exceeding BTC liquidations.
• 126,620 traders were liquidated, with OKX’s ETH/USDT swap seeing the largest loss at $1.41M.
• A majority of liquidations were longs, showing an overleveraged bullish market.
Despite bearish sentiment, QCP Capital notes that the reaction has been more moderate than the 2022 FTX collapse, showing a maturing market.
Investors continue de-risking from crypto
The correction aligns with institutional capital outflows from digital asset investment products.
• Crypto investment products saw $508M in outflows for the second consecutive week.
• Bitcoin took the hardest hit, losing $571M in investments.
• Year-to-date inflows dropped from $7.4B to $6.6B.
CoinShares’ James Butterfill links this to uncertainty around trade tariffs, inflation, and monetary policy.
Market participants now await the PCE Index report on Feb. 28, the Federal Reserve’s preferred inflation gauge.
• Higher-than-expected jobless claims (219,000) last week signaled a weakening labor market.
• The probability of Fed rate cuts before July remains low, with 97.5% odds of unchanged rates in March and 73% in May (CME FedWatch Tool).
Crypto market faces big resistance
The current drawdown is part of a correction that began on Jan. 31 when a key support zone flipped to resistance.
• Market capitalization (TOTAL) trades below the $3.28T-$3.31T supply zone.
• The RSI is at 40, signaling a bearish bias.
• Further selling could push TOTAL down to $3.03T, a key support since Nov. 20.
• A break below $3.03T could trigger a sell-off toward the 200-day SMA at $2.72T.
• A bullish reversal could reclaim $3.2T and test upper resistance.
Analyst Crypto Zone notes that the Fear and Greed Index at 40 suggests market neutrality, making it a crucial time for strategic decision-making.
#BTCDipOrRebound #VIRTUALWhale
Key factors driving the drop:
• The market is still reeling from the $1.4B Bybit hack.
• Investors are in risk-off mode amid continued capital outflows.
• Stiff resistance is limiting recovery efforts.
Ethereum leads the market slump
The downturn follows the Feb. 21 Bybit hack, the largest-ever crypto heist.
• Ethereum leads losses, down 5% to below $2,700.
• Bitcoin and Solana dropped 0.8% and 9%, respectively.
• XRP, Dogecoin, and Cardano fell 4.5%, 6.3%, and 6%.
Mass liquidations worsened the sell-off:
• $268M in crypto liquidations occurred in 24 hours.
• $40.13M in long ETH positions were wiped out, exceeding BTC liquidations.
• 126,620 traders were liquidated, with OKX’s ETH/USDT swap seeing the largest loss at $1.41M.
• A majority of liquidations were longs, showing an overleveraged bullish market.
Despite bearish sentiment, QCP Capital notes that the reaction has been more moderate than the 2022 FTX collapse, showing a maturing market.
Investors continue de-risking from crypto
The correction aligns with institutional capital outflows from digital asset investment products.
• Crypto investment products saw $508M in outflows for the second consecutive week.
• Bitcoin took the hardest hit, losing $571M in investments.
• Year-to-date inflows dropped from $7.4B to $6.6B.
CoinShares’ James Butterfill links this to uncertainty around trade tariffs, inflation, and monetary policy.
Market participants now await the PCE Index report on Feb. 28, the Federal Reserve’s preferred inflation gauge.
• Higher-than-expected jobless claims (219,000) last week signaled a weakening labor market.
• The probability of Fed rate cuts before July remains low, with 97.5% odds of unchanged rates in March and 73% in May (CME FedWatch Tool).
Crypto market faces big resistance
The current drawdown is part of a correction that began on Jan. 31 when a key support zone flipped to resistance.
• Market capitalization (TOTAL) trades below the $3.28T-$3.31T supply zone.
• The RSI is at 40, signaling a bearish bias.
• Further selling could push TOTAL down to $3.03T, a key support since Nov. 20.
• A break below $3.03T could trigger a sell-off toward the 200-day SMA at $2.72T.
• A bullish reversal could reclaim $3.2T and test upper resistance.
Analyst Crypto Zone notes that the Fear and Greed Index at 40 suggests market neutrality, making it a crucial time for strategic decision-making.
#BTCDipOrRebound #VIRTUALWhale
Why is Solana (SOL) price down today?
Solana is nearing a full retracement of its post-Trump reelection gains. On Feb. 24, SOL fell 7.35% to $157.25, its lowest since Nov. 6, marking a 47% drop from its $295.31 peak on Jan. 19.
Key reasons for the decline:
• Alleged ties between Solana and the Bybit hackers.
• An upcoming SOL token unlock.
• Negative funding rates in the futures market.
Solana’s alleged ties with Bybit hackers
Concerns over Solana’s links to high-profile hacks and memecoin scams are weighing on its price.
Key details:
• The $1.4 billion Bybit hack was linked to North Korea’s Lazarus Group.
• Investigator ZachXBT found that wallets tied to the Bybit hack were also involved in Solana-based memecoin scams and the $29 million Phemex hack.
• Solana has been plagued by scams, including the $107 million Libra rug pull, reducing trust and capital inflows.
• Top Solana memecoins, including TRUMP, BONK, and WIF, have suffered heavy losses, reducing transaction volumes and demand for SOL.
Solana faces “peak FUD” from token unlock
SOL is under pressure ahead of its March 1 token unlock, which will release 11.16M SOL (~$1.79 billion), primarily from the FTX estate.
Why it matters:
• Fears of sell pressure from FTX liquidations are causing risk aversion.
• Market uncertainty about how much SOL will be sold is leading to cautious trading.
• Investors are pricing in the potential impact, leading to preemptive selling.
Solana’s funding rates turn negative
Falling open interest (OI) and negative funding rates suggest weak speculative demand.
Key points:
• Solana’s OI has dropped from $8.57B on Jan. 17 to $5.11B on Feb. 24.
• A decline in OI signals traders are exiting positions, reducing price momentum.
• SOL’s weekly funding rate fell to -0.48% on Feb. 24 from 0.354% two days earlier.
• Negative funding means short sellers are paying long positions, indicating bearish sentiment.
Solana eyes another 30% drop
SOL is breaking down from a head-and-shoulders (H&S) pattern, suggesting more downside risk.
What to watch:
• The neckline at $177 has been breached, confirming a bearish outlook.
• The H&S target price is ~$110, implying a 30% drop from current levels.
• A reclaim of $177 as support could invalidate the bearish scenario and push SOL back toward $215.
$SOL
#BinanceAlphaAlert #BinanceAirdropAlert
Key reasons for the decline:
• Alleged ties between Solana and the Bybit hackers.
• An upcoming SOL token unlock.
• Negative funding rates in the futures market.
Solana’s alleged ties with Bybit hackers
Concerns over Solana’s links to high-profile hacks and memecoin scams are weighing on its price.
Key details:
• The $1.4 billion Bybit hack was linked to North Korea’s Lazarus Group.
• Investigator ZachXBT found that wallets tied to the Bybit hack were also involved in Solana-based memecoin scams and the $29 million Phemex hack.
• Solana has been plagued by scams, including the $107 million Libra rug pull, reducing trust and capital inflows.
• Top Solana memecoins, including TRUMP, BONK, and WIF, have suffered heavy losses, reducing transaction volumes and demand for SOL.
Solana faces “peak FUD” from token unlock
SOL is under pressure ahead of its March 1 token unlock, which will release 11.16M SOL (~$1.79 billion), primarily from the FTX estate.
Why it matters:
• Fears of sell pressure from FTX liquidations are causing risk aversion.
• Market uncertainty about how much SOL will be sold is leading to cautious trading.
• Investors are pricing in the potential impact, leading to preemptive selling.
Solana’s funding rates turn negative
Falling open interest (OI) and negative funding rates suggest weak speculative demand.
Key points:
• Solana’s OI has dropped from $8.57B on Jan. 17 to $5.11B on Feb. 24.
• A decline in OI signals traders are exiting positions, reducing price momentum.
• SOL’s weekly funding rate fell to -0.48% on Feb. 24 from 0.354% two days earlier.
• Negative funding means short sellers are paying long positions, indicating bearish sentiment.
Solana eyes another 30% drop
SOL is breaking down from a head-and-shoulders (H&S) pattern, suggesting more downside risk.
What to watch:
• The neckline at $177 has been breached, confirming a bearish outlook.
• The H&S target price is ~$110, implying a 30% drop from current levels.
• A reclaim of $177 as support could invalidate the bearish scenario and push SOL back toward $215.
$SOL
#BinanceAlphaAlert #BinanceAirdropAlert
Bybit stolen funds likely headed to crypto mixers next: Elliptic 😁
The $1.4 billion hack of Bybit is likely to see the stolen crypto laundered through mixers, as the hackers attempt to hide the transaction trail. Elliptic, a blockchain security firm, traced the theft to North Korea’s Lazarus Group, noting the group’s usual laundering methods.
On February 21, hackers stole approximately $1.46 billion from Bybit, making it the largest crypto heist to date. The Lazarus Group’s laundering process typically involves exchanging stolen assets for Ethereum (ETH) and then using methods like crosschain bridges, decentralized exchanges, and crypto mixers to obscure the trail.
Within hours of the theft, the stolen funds were distributed across 50 wallets, each holding about 10,000 ETH. These wallets are now being emptied, with at least 10% of the stolen assets already moved.
Elliptic reports that a crypto exchange, eXch, has played a role in facilitating the laundering. Despite requests from Bybit, eXch has allowed the stolen funds to be traded anonymously. eXch denied any involvement with laundering for the Lazarus Group.
This isn’t the first time Lazarus has used mixers; between 2020 and 2023, over $200 million in stolen crypto was laundered through mixers and peer-to-peer platforms. However, according to Chainalysis, the group has shifted to using crosschain bridges as mixers become less reliable.
By February 24, Bybit CEO Ben Zhou confirmed that the exchange had replaced the stolen Ether, and a new proof-of-reserve report would be published soon.
#BinanceAlphaAlert
The $1.4 billion hack of Bybit is likely to see the stolen crypto laundered through mixers, as the hackers attempt to hide the transaction trail. Elliptic, a blockchain security firm, traced the theft to North Korea’s Lazarus Group, noting the group’s usual laundering methods.
On February 21, hackers stole approximately $1.46 billion from Bybit, making it the largest crypto heist to date. The Lazarus Group’s laundering process typically involves exchanging stolen assets for Ethereum (ETH) and then using methods like crosschain bridges, decentralized exchanges, and crypto mixers to obscure the trail.
Within hours of the theft, the stolen funds were distributed across 50 wallets, each holding about 10,000 ETH. These wallets are now being emptied, with at least 10% of the stolen assets already moved.
Elliptic reports that a crypto exchange, eXch, has played a role in facilitating the laundering. Despite requests from Bybit, eXch has allowed the stolen funds to be traded anonymously. eXch denied any involvement with laundering for the Lazarus Group.
This isn’t the first time Lazarus has used mixers; between 2020 and 2023, over $200 million in stolen crypto was laundered through mixers and peer-to-peer platforms. However, according to Chainalysis, the group has shifted to using crosschain bridges as mixers become less reliable.
By February 24, Bybit CEO Ben Zhou confirmed that the exchange had replaced the stolen Ether, and a new proof-of-reserve report would be published soon.
#BinanceAlphaAlert
$BTC
Bitcoin chart signals ‘decisive price move’ in coming weeks: Analyst
Bitcoin could soon make a decisive price move as the US government’s stance on crypto and broader macroeconomic factors shape market sentiment.
Some analysts expect an upward trend, arguing that Bitcoin has not yet fully reflected the US’s pro-crypto policies.
Key signals for Bitcoin’s next move
Bitfinex analysts noted that Bitcoin has been trading within a 15% range since mid-November, around $90,000. Historically, such consolidations tend to break within 80-90 days, suggesting an imminent move.
Despite market turbulence, including tariffs imposed by US President Donald Trump on Canada, Mexico, and China, Bitcoin has held above its pre-election price of $70,000. Analysts see this as a sign of strength.
On Feb. 3, Trump’s tariff announcement triggered the largest liquidation event in crypto history, wiping out $2.24 billion in 24 hours. Bitcoin briefly fell below $100,000 to $92,584 before rebounding to $97,370. Analysts warn of potential short-term volatility but remain optimistic about Bitcoin’s long-term prospects.
A major surge on the horizon?
Some experts believe that once the US government formally announces its Bitcoin strategy, BTC could see a dramatic surge.
Crypto analyst Thomas Fahrer stated on Feb. 5, “The day the US government announces they are buying Bitcoin, the price will go up $50,000 in a single 1-minute candle.”
MN Capital founder Michaël van de Poppe echoed this view, saying, “If the US government realizes it needs to support crypto adoption, the time is now.” He emphasized that while Bitcoin remains fairly valued, altcoins are significantly undervalued.
“The adoption is bigger than ever,” he added. “This is not the time to step away from the market.”$BTC
#AICrashOrComeback #BitcoinWhaleMove #BTCHovers100k
Bitcoin chart signals ‘decisive price move’ in coming weeks: Analyst
Bitcoin could soon make a decisive price move as the US government’s stance on crypto and broader macroeconomic factors shape market sentiment.
Some analysts expect an upward trend, arguing that Bitcoin has not yet fully reflected the US’s pro-crypto policies.
Key signals for Bitcoin’s next move
Bitfinex analysts noted that Bitcoin has been trading within a 15% range since mid-November, around $90,000. Historically, such consolidations tend to break within 80-90 days, suggesting an imminent move.
Despite market turbulence, including tariffs imposed by US President Donald Trump on Canada, Mexico, and China, Bitcoin has held above its pre-election price of $70,000. Analysts see this as a sign of strength.
On Feb. 3, Trump’s tariff announcement triggered the largest liquidation event in crypto history, wiping out $2.24 billion in 24 hours. Bitcoin briefly fell below $100,000 to $92,584 before rebounding to $97,370. Analysts warn of potential short-term volatility but remain optimistic about Bitcoin’s long-term prospects.
A major surge on the horizon?
Some experts believe that once the US government formally announces its Bitcoin strategy, BTC could see a dramatic surge.
Crypto analyst Thomas Fahrer stated on Feb. 5, “The day the US government announces they are buying Bitcoin, the price will go up $50,000 in a single 1-minute candle.”
MN Capital founder Michaël van de Poppe echoed this view, saying, “If the US government realizes it needs to support crypto adoption, the time is now.” He emphasized that while Bitcoin remains fairly valued, altcoins are significantly undervalued.
“The adoption is bigger than ever,” he added. “This is not the time to step away from the market.”$BTC
#AICrashOrComeback #BitcoinWhaleMove #BTCHovers100k
$BTC Bitcoin drop under $75K before April has under 10% chance: Analyst
Bitcoin has a low probability—9.2%—of falling below $75,000 before April, according to Derive’s head of research, Dr. Sean Dawson. This probability has increased slightly from 7.2% in the last 24 hours.
Market Volatility and BTC’s Position
Bitcoin’s recent dip to $97,906 on Jan. 27 followed a broader market downturn triggered by the release of China’s DeepSeek AI model. However, BTC quickly rebounded above $100,000, trading at $102,100 at the time of writing, per CoinMarketCap data.
Dawson attributes the increased probability of a BTC decline to rising implied volatility, which jumped from 52% to 76%, signaling higher demand for put options as traders hedge against downside risks.
BTC and Macroeconomic Trends
Bitfinex analysts note that Bitcoin’s recent price movements reinforce its correlation with the broader financial markets, suggesting BTC is increasingly influenced by macroeconomic shifts rather than just crypto-specific trends.
Meanwhile, BitMEX co-founder Arthur Hayes predicts BTC could drop to the $70,000–$75,000 range, potentially triggering a “mini financial crisis.” However, he believes this could lead to renewed money printing, ultimately pushing Bitcoin to $250,000 by the end of 2025.
#BinanceAlphaAlert $BTC
Bitcoin has a low probability—9.2%—of falling below $75,000 before April, according to Derive’s head of research, Dr. Sean Dawson. This probability has increased slightly from 7.2% in the last 24 hours.
Market Volatility and BTC’s Position
Bitcoin’s recent dip to $97,906 on Jan. 27 followed a broader market downturn triggered by the release of China’s DeepSeek AI model. However, BTC quickly rebounded above $100,000, trading at $102,100 at the time of writing, per CoinMarketCap data.
Dawson attributes the increased probability of a BTC decline to rising implied volatility, which jumped from 52% to 76%, signaling higher demand for put options as traders hedge against downside risks.
BTC and Macroeconomic Trends
Bitfinex analysts note that Bitcoin’s recent price movements reinforce its correlation with the broader financial markets, suggesting BTC is increasingly influenced by macroeconomic shifts rather than just crypto-specific trends.
Meanwhile, BitMEX co-founder Arthur Hayes predicts BTC could drop to the $70,000–$75,000 range, potentially triggering a “mini financial crisis.” However, he believes this could lead to renewed money printing, ultimately pushing Bitcoin to $250,000 by the end of 2025.
#BinanceAlphaAlert $BTC
#TrumpMarketInsights Analysts say Trump presidency marks ‘a turning point’ in US crypto policy
The inauguration of Donald Trump as the 47th president of the United States has sparked optimism in the cryptocurrency market. Returning to the White House after a four-year hiatus, Trump’s administration is expected to adopt a crypto-friendly stance, reflected in key appointments like Silicon Valley investor David Sacks as the White House crypto czar.
Bitcoin prices have soared, surpassing $109,000 on inauguration day, driven by hopes for strategic policies. The US, already the largest sovereign Bitcoin holder with over 200,000 BTC worth nearly $22 billion, may explore building a national Bitcoin reserve—a move supported by industry leaders like MicroStrategy’s Michael Saylor. Coinbase CEO Brian Armstrong emphasized Bitcoin’s potential as foundational to the global economy, comparing its significance to gold.
During his campaign, Trump highlighted his vision for a crypto-powered future, stating, “If crypto is going to define the future, I want it to be mined, minted, and made in the USA.” His administration aims to replace the previous government’s restrictive policies with clearer regulations, signaling a potential shift in how the US embraces blockchain technology.
However, experts urge caution amidst this bullish momentum. Trump’s launch of a memecoin, TRUMP, has stirred speculation, with market activity largely driven by hype. Nigel Green, CEO of deVere Group, warned that such trends resemble gambling rather than investing.
While Trump’s presidency may open new doors for cryptocurrency, analysts stress the need for practical state-level initiatives and long-term strategies to ensure sustainable growth.
The inauguration of Donald Trump as the 47th president of the United States has sparked optimism in the cryptocurrency market. Returning to the White House after a four-year hiatus, Trump’s administration is expected to adopt a crypto-friendly stance, reflected in key appointments like Silicon Valley investor David Sacks as the White House crypto czar.
Bitcoin prices have soared, surpassing $109,000 on inauguration day, driven by hopes for strategic policies. The US, already the largest sovereign Bitcoin holder with over 200,000 BTC worth nearly $22 billion, may explore building a national Bitcoin reserve—a move supported by industry leaders like MicroStrategy’s Michael Saylor. Coinbase CEO Brian Armstrong emphasized Bitcoin’s potential as foundational to the global economy, comparing its significance to gold.
During his campaign, Trump highlighted his vision for a crypto-powered future, stating, “If crypto is going to define the future, I want it to be mined, minted, and made in the USA.” His administration aims to replace the previous government’s restrictive policies with clearer regulations, signaling a potential shift in how the US embraces blockchain technology.
However, experts urge caution amidst this bullish momentum. Trump’s launch of a memecoin, TRUMP, has stirred speculation, with market activity largely driven by hype. Nigel Green, CEO of deVere Group, warned that such trends resemble gambling rather than investing.
While Trump’s presidency may open new doors for cryptocurrency, analysts stress the need for practical state-level initiatives and long-term strategies to ensure sustainable growth.
#BTCBackto100K #ReboundOutlook $BTC
Bitcoin risks weeks of sideways moves amid $102K ‘rejection’ warning
Bitcoin may face rejection at $102,000 even if it reclaims $100,000, according to new analysis. In a Jan. 16 X post, Stockmoney Lizards predicted weeks of rangebound trading for BTC/USD.
$102,000: A critical resistance for BTC
Bitcoin rebounded from two-month lows this week, but Stockmoney Lizards highlighted $102,000 as a key resistance. Analyzing short-term price action, it noted BTC is entering a resistance zone, with $91,000–$92,000 acting as high-volume support.
The analysis concluded, “A rejection from here is likely; we expect BTC to trade within the $90,000–$100,000 range for the next few weeks.” At the time of writing, BTC/USD hovered around $99,000, supported by positive U.S. inflation data.
Other traders, such as BigMike7335, echoed the $102,000 challenge, emphasizing the need for BTC to flip this level into support to escape bearish risks.
Optimism from traders defies bearish patterns
Some analysts offered a more bullish perspective, dismissing fears of a head-and-shoulders top reversal on the daily chart. Trader Bluntz noted the pattern’s invalidation, while Tony “The Bull” Severino questioned its relevance.
“How many failed right shoulders are needed to prove this isn’t a head and shoulders top?” Severino asked.
Bitcoin risks weeks of sideways moves amid $102K ‘rejection’ warning
Bitcoin may face rejection at $102,000 even if it reclaims $100,000, according to new analysis. In a Jan. 16 X post, Stockmoney Lizards predicted weeks of rangebound trading for BTC/USD.
$102,000: A critical resistance for BTC
Bitcoin rebounded from two-month lows this week, but Stockmoney Lizards highlighted $102,000 as a key resistance. Analyzing short-term price action, it noted BTC is entering a resistance zone, with $91,000–$92,000 acting as high-volume support.
The analysis concluded, “A rejection from here is likely; we expect BTC to trade within the $90,000–$100,000 range for the next few weeks.” At the time of writing, BTC/USD hovered around $99,000, supported by positive U.S. inflation data.
Other traders, such as BigMike7335, echoed the $102,000 challenge, emphasizing the need for BTC to flip this level into support to escape bearish risks.
Optimism from traders defies bearish patterns
Some analysts offered a more bullish perspective, dismissing fears of a head-and-shoulders top reversal on the daily chart. Trader Bluntz noted the pattern’s invalidation, while Tony “The Bull” Severino questioned its relevance.
“How many failed right shoulders are needed to prove this isn’t a head and shoulders top?” Severino asked.
#BinanceAlphaAlert Binance BTC open interest jumps $500M hours after ‘favorable’ US inflation data
Bitcoin Open Interest (OI) on Binance surged following the release of the U.S. Consumer Price Index (CPI) report, which indicated lower-than-expected core inflation in December. The positive macroeconomic outlook boosted hopes for further rate cuts in 2025, igniting optimism in crypto markets.
Bitcoin OI spikes after CPI data
According to CryptoQuant analyst Burakkesmeci, Binance’s Bitcoin OI rose by 3.30% within two hours of the CPI report, reaching $10.96 billion. By publication, OI had climbed further to $12.20 billion, as reported by CoinGlass. The global Bitcoin OI across major exchanges hit $63.19 billion, marking a $3 billion increase in 24 hours.
Rising Bitcoin OI reflects growing interest in the asset, signaling bullish market sentiment. Following the CPI release, Bitcoin’s price jumped from $96,000 to over $100,500 before settling at $99,587, according to CoinMarketCap data.
Crypto market sentiment improves
The Crypto Fear & Greed Index, which gauges market sentiment, increased by 5 points to a “Greed” score of 75, reflecting the market’s optimistic outlook. Burakkesmeci emphasized the importance of futures market support for sustained bull runs in spot trading.
Despite Bitcoin’s recent rally, some analysts remain cautious. Fundstrat Capital’s chief investment officer remarked on Jan. 14 that $90,000 remains a solid buying level, although prices could temporarily dip to $70,000.
#BinanceAlphaAlert
$BTC
Bitcoin Open Interest (OI) on Binance surged following the release of the U.S. Consumer Price Index (CPI) report, which indicated lower-than-expected core inflation in December. The positive macroeconomic outlook boosted hopes for further rate cuts in 2025, igniting optimism in crypto markets.
Bitcoin OI spikes after CPI data
According to CryptoQuant analyst Burakkesmeci, Binance’s Bitcoin OI rose by 3.30% within two hours of the CPI report, reaching $10.96 billion. By publication, OI had climbed further to $12.20 billion, as reported by CoinGlass. The global Bitcoin OI across major exchanges hit $63.19 billion, marking a $3 billion increase in 24 hours.
Rising Bitcoin OI reflects growing interest in the asset, signaling bullish market sentiment. Following the CPI release, Bitcoin’s price jumped from $96,000 to over $100,500 before settling at $99,587, according to CoinMarketCap data.
Crypto market sentiment improves
The Crypto Fear & Greed Index, which gauges market sentiment, increased by 5 points to a “Greed” score of 75, reflecting the market’s optimistic outlook. Burakkesmeci emphasized the importance of futures market support for sustained bull runs in spot trading.
Despite Bitcoin’s recent rally, some analysts remain cautious. Fundstrat Capital’s chief investment officer remarked on Jan. 14 that $90,000 remains a solid buying level, although prices could temporarily dip to $70,000.
#BinanceAlphaAlert
$BTC
$XRP $XRP #AltcoinBoom
XRP price snaps 8-year downtrend vs Bitcoin as predictions target $14
XRP surged 12% in 24 hours, pushing its gains since November 2024 to 466%. Analysts now predict XRP could rally to double digits this year.
XRP/BTC breaks 8-year resistance
After years of underperformance against Bitcoin, XRP broke above a multi-year descending trendline in late 2024. The XRP/BTC pair closed at 0.000026 on Jan. 12, its highest weekly close since October 2022. Analysts expect the ratio to target its 2017 peak of 0.000245.
Crypto analyst Steph Is Crypto noted the breakout’s strong volume, predicting XRP will outperform BTC by at least 538%, based on similarities to its 2017 bull run. XRP’s current momentum could drive it toward its 2018 all-time high of $3.84.
Growing number of XRP holders
Santiment data shows 58,000 new XRP holders since early 2025, highlighting increased confidence in the project. This growing support adds strength to XRP’s bullish outlook.
XRP breaks bullish pennant pattern
XRP’s climb above $2.50 on Jan. 11 confirmed a bullish pennant breakout, according to trader Mikybull Crypto. His analysis points to a short-term target of $3.70, with potential for a more explosive rally to all-time highs.
Steph Is Crypto identified the pennant as part of a larger bull flag, projecting a breakout target above $14—an increase of 390% from current levels.
Potential ETF approval as catalyst
President-elect Trump’s Jan. 20 inauguration may bring favorable crypto policies, including possible approval of spot XRP ETFs in the US. JPMorgan predicts this could attract $4–8 billion in new assets, further driving XRP’s price.
$XRP
XRP price snaps 8-year downtrend vs Bitcoin as predictions target $14
XRP surged 12% in 24 hours, pushing its gains since November 2024 to 466%. Analysts now predict XRP could rally to double digits this year.
XRP/BTC breaks 8-year resistance
After years of underperformance against Bitcoin, XRP broke above a multi-year descending trendline in late 2024. The XRP/BTC pair closed at 0.000026 on Jan. 12, its highest weekly close since October 2022. Analysts expect the ratio to target its 2017 peak of 0.000245.
Crypto analyst Steph Is Crypto noted the breakout’s strong volume, predicting XRP will outperform BTC by at least 538%, based on similarities to its 2017 bull run. XRP’s current momentum could drive it toward its 2018 all-time high of $3.84.
Growing number of XRP holders
Santiment data shows 58,000 new XRP holders since early 2025, highlighting increased confidence in the project. This growing support adds strength to XRP’s bullish outlook.
XRP breaks bullish pennant pattern
XRP’s climb above $2.50 on Jan. 11 confirmed a bullish pennant breakout, according to trader Mikybull Crypto. His analysis points to a short-term target of $3.70, with potential for a more explosive rally to all-time highs.
Steph Is Crypto identified the pennant as part of a larger bull flag, projecting a breakout target above $14—an increase of 390% from current levels.
Potential ETF approval as catalyst
President-elect Trump’s Jan. 20 inauguration may bring favorable crypto policies, including possible approval of spot XRP ETFs in the US. JPMorgan predicts this could attract $4–8 billion in new assets, further driving XRP’s price.
$XRP
Bitcoin inflows under Trump spark new $249K BTC price target for 2025
Bitcoin could hit $249,000 in 2025 as $520 billion flows into the market, according to CryptoQuant’s Jan. 14 report. Analysts point to favorable U.S. economic policies and regulatory conditions under the new administration as key drivers for this growth.
BTC price could reach $145K-$249K
CryptoQuant projects Bitcoin’s realized market cap, reflecting onchain activity, could support prices between $145,000 and $249,000 in 2025. Historical patterns suggest that increased capital inflows disproportionately impact BTC’s value. The report joins other bullish predictions, including Samson Mow’s $1 million target, driven by potential “omega” price moves with daily jumps of $100,000.
Short-term optimism amid market lows
Despite recent two-month lows, optimism surrounds BTC’s potential ahead of President-elect Donald Trump’s Jan. 20 inauguration. Analysts speculate on first-day policy announcements boosting crypto sentiment.
Filbfilb of DecenTrader likened Bitcoin to a “beach ball under water,” suppressed by bearish market sentiment but poised for a breakout. Analyst Rekt Capital noted BTC’s strong rebound and development of higher lows, maintaining that market conditions can change quickly.
#BinanceAlphaAlert #10DaysToTrump $BTC
Bitcoin could hit $249,000 in 2025 as $520 billion flows into the market, according to CryptoQuant’s Jan. 14 report. Analysts point to favorable U.S. economic policies and regulatory conditions under the new administration as key drivers for this growth.
BTC price could reach $145K-$249K
CryptoQuant projects Bitcoin’s realized market cap, reflecting onchain activity, could support prices between $145,000 and $249,000 in 2025. Historical patterns suggest that increased capital inflows disproportionately impact BTC’s value. The report joins other bullish predictions, including Samson Mow’s $1 million target, driven by potential “omega” price moves with daily jumps of $100,000.
Short-term optimism amid market lows
Despite recent two-month lows, optimism surrounds BTC’s potential ahead of President-elect Donald Trump’s Jan. 20 inauguration. Analysts speculate on first-day policy announcements boosting crypto sentiment.
Filbfilb of DecenTrader likened Bitcoin to a “beach ball under water,” suppressed by bearish market sentiment but poised for a breakout. Analyst Rekt Capital noted BTC’s strong rebound and development of higher lows, maintaining that market conditions can change quickly.
#BinanceAlphaAlert #10DaysToTrump $BTC
#USJobsSurge256K US Bitcoin reserve would have ‘profound’ impact on adoption: CoinShares
A US strategic Bitcoin reserve would drive adoption more than the 2024 Bitcoin ETF launches, CoinShares argued in a Jan. 10 blog post. The proposed Bitcoin Act aims to have the US Treasury acquire 1 million BTC over five years, endorsed by President-elect Donald Trump but not yet law.
CoinShares noted that institutional investors remain hesitant due to Bitcoin’s credibility concerns. Passing the Bitcoin Act would address this stigma by signaling official endorsement from the US government.
Gaining momentum
The Bitcoin Act, introduced by Senator Cynthia Loomis in July, gained traction after Trump’s Republican party secured Senate control in November. Some states, like New Hampshire and North Dakota, are also considering BTC reserve bills.
This follows the January 2024 approval of nearly a dozen spot Bitcoin ETFs, which amassed $100 billion in net assets by November. Analysts expect an additional $48 billion in inflows to these ETFs in 2025.
Increased institutional interest could create demand shocks, with asset manager Sygnum Bank predicting a price surge in 2025. Blockstream CEO Adam Back suggested the Bitcoin Act could push BTC’s price past $1 million per coin.
CoinShares believes such initiatives, combined with global adoption, would unlock even greater asset flows into Bitcoin in the years ahead.
#USJoblessClaimsDrop $BTC
A US strategic Bitcoin reserve would drive adoption more than the 2024 Bitcoin ETF launches, CoinShares argued in a Jan. 10 blog post. The proposed Bitcoin Act aims to have the US Treasury acquire 1 million BTC over five years, endorsed by President-elect Donald Trump but not yet law.
CoinShares noted that institutional investors remain hesitant due to Bitcoin’s credibility concerns. Passing the Bitcoin Act would address this stigma by signaling official endorsement from the US government.
Gaining momentum
The Bitcoin Act, introduced by Senator Cynthia Loomis in July, gained traction after Trump’s Republican party secured Senate control in November. Some states, like New Hampshire and North Dakota, are also considering BTC reserve bills.
This follows the January 2024 approval of nearly a dozen spot Bitcoin ETFs, which amassed $100 billion in net assets by November. Analysts expect an additional $48 billion in inflows to these ETFs in 2025.
Increased institutional interest could create demand shocks, with asset manager Sygnum Bank predicting a price surge in 2025. Blockstream CEO Adam Back suggested the Bitcoin Act could push BTC’s price past $1 million per coin.
CoinShares believes such initiatives, combined with global adoption, would unlock even greater asset flows into Bitcoin in the years ahead.
#USJoblessClaimsDrop $BTC
Why is Bitcoin price stuck? 😲
Bitcoin has been consolidating within an $11,200 range for three weeks, struggling to break resistance at $102,750 and holding support at $91,200. This comes after a drop from its Dec. 17 all-time high of $108,364.
Low “shark” activity and global liquidity issues
Bitcoin’s stagnant price action is attributed to reduced buying by wallets holding 100–1,000 BTC, known as “sharks.” According to Santiment analyst Brianq, these entities drove Bitcoin’s 91% rally between Oct. 11 and Dec. 17, but their buying activity halted after Dec. 18, 2024.
Additionally, uncertainty around the new U.S. administration and declining global liquidity (tracked by Global M2) have restrained investment in risk assets like Bitcoin. Global M2 has remained flat over the last three weeks, further reducing trading volumes and price movement.
Technical analyst Kevin highlights a battle between bullish divergences and lower liquidity as key to Bitcoin’s current stagnation.
Bitcoin stuck between trendlines
On Jan. 7, Bitcoin dropped below the 50-day simple moving average (SMA) at $97,573 but found support at $92,000, a crucial level since November. Overcoming resistance at the 50-day SMA is essential for a potential breakout.
Data from IntoTheBlock shows Bitcoin is trapped between significant levels. The $92,000–$94,800 demand zone holds 887,960 BTC owned by 1.1 million addresses, while the $94,980–$99,680 supply zone is a major resistance where 2.13 million BTC were bought by 2.36 million addresses.
This tug-of-war between buyers and sellers near these levels highlights the ongoing consolidation, with neither bulls nor bears able to dominate.
#BinanceAlphaAlert #USJoblessClaimsDrop $BTC
Bitcoin has been consolidating within an $11,200 range for three weeks, struggling to break resistance at $102,750 and holding support at $91,200. This comes after a drop from its Dec. 17 all-time high of $108,364.
Low “shark” activity and global liquidity issues
Bitcoin’s stagnant price action is attributed to reduced buying by wallets holding 100–1,000 BTC, known as “sharks.” According to Santiment analyst Brianq, these entities drove Bitcoin’s 91% rally between Oct. 11 and Dec. 17, but their buying activity halted after Dec. 18, 2024.
Additionally, uncertainty around the new U.S. administration and declining global liquidity (tracked by Global M2) have restrained investment in risk assets like Bitcoin. Global M2 has remained flat over the last three weeks, further reducing trading volumes and price movement.
Technical analyst Kevin highlights a battle between bullish divergences and lower liquidity as key to Bitcoin’s current stagnation.
Bitcoin stuck between trendlines
On Jan. 7, Bitcoin dropped below the 50-day simple moving average (SMA) at $97,573 but found support at $92,000, a crucial level since November. Overcoming resistance at the 50-day SMA is essential for a potential breakout.
Data from IntoTheBlock shows Bitcoin is trapped between significant levels. The $92,000–$94,800 demand zone holds 887,960 BTC owned by 1.1 million addresses, while the $94,980–$99,680 supply zone is a major resistance where 2.13 million BTC were bought by 2.36 million addresses.
This tug-of-war between buyers and sellers near these levels highlights the ongoing consolidation, with neither bulls nor bears able to dominate.
#BinanceAlphaAlert #USJoblessClaimsDrop $BTC
SAD SAD
Is XRP price going to crash again?
XRP has plunged 22.25% over the past month, dropping from its $2.90 peak in January 2018 to $2.26 on Jan. 10. Profit-taking after overbought conditions, strong U.S. economic data, and a hawkish Federal Reserve have contributed to the decline.
Symmetrical triangle hints at 40% drop
XRP’s daily chart reveals a symmetrical triangle pattern, signaling potential for a sharp breakout. Currently trading near the upper trendline, XRP risks a decline to $2.05 (50-day EMA). A decisive break below the lower trendline could push prices to $1.36 by February, marking a 40% drop.
Alternatively, breaking the upper trendline could propel XRP to $3.46. However, bearish sentiment dominates as wealthy investors reduce holdings. XRP supply held by addresses with 1 million+ tokens has dropped to 90.50 billion, a record low compared to 100 billion last year.
Will XRP drop to $1.50?
On the weekly chart, XRP consolidates within the $1.98–$3.03 range, aligning with key Fibonacci levels. After bouncing from $1.98 support, its upside momentum has weakened, with a 4% decline this week. RSI remains overbought, suggesting further correction risks.
If bears prevail, XRP may retest $1.98 and, if breached, fall to $1.50 (20-week EMA), a past correction target near the 0.786 Fibonacci level ($1.62). Conversely, holding above $1.98 could trigger a rally toward $3, backed by bullish trader forecasts.
Valeriya notes, “The $2.15–$2.20 zone is critical. Holding this support may lead to aggressive growth toward $2.91. If it breaks, the market could dip below $2.00.”
#OnChainLendingSurge #BinanceAlphaAlert $XRP $XRP
Is XRP price going to crash again?
XRP has plunged 22.25% over the past month, dropping from its $2.90 peak in January 2018 to $2.26 on Jan. 10. Profit-taking after overbought conditions, strong U.S. economic data, and a hawkish Federal Reserve have contributed to the decline.
Symmetrical triangle hints at 40% drop
XRP’s daily chart reveals a symmetrical triangle pattern, signaling potential for a sharp breakout. Currently trading near the upper trendline, XRP risks a decline to $2.05 (50-day EMA). A decisive break below the lower trendline could push prices to $1.36 by February, marking a 40% drop.
Alternatively, breaking the upper trendline could propel XRP to $3.46. However, bearish sentiment dominates as wealthy investors reduce holdings. XRP supply held by addresses with 1 million+ tokens has dropped to 90.50 billion, a record low compared to 100 billion last year.
Will XRP drop to $1.50?
On the weekly chart, XRP consolidates within the $1.98–$3.03 range, aligning with key Fibonacci levels. After bouncing from $1.98 support, its upside momentum has weakened, with a 4% decline this week. RSI remains overbought, suggesting further correction risks.
If bears prevail, XRP may retest $1.98 and, if breached, fall to $1.50 (20-week EMA), a past correction target near the 0.786 Fibonacci level ($1.62). Conversely, holding above $1.98 could trigger a rally toward $3, backed by bullish trader forecasts.
Valeriya notes, “The $2.15–$2.20 zone is critical. Holding this support may lead to aggressive growth toward $2.91. If it breaks, the market could dip below $2.00.”
#OnChainLendingSurge #BinanceAlphaAlert $XRP $XRP
Bitcoin investors exit spot ETFs at near-record levels as BTC slumps 2.3%
Bitcoin investors withdrew nearly $570 million from US spot Bitcoin ETFs on Jan. 8, as BTC dipped below the critical $100,000 level, triggering significant liquidations.
Record outflows as BTC slumps
Spot Bitcoin ETFs experienced $569.1 million in outflows, the second-largest single-day net outflow since their inception. Fidelity Wise Origin Bitcoin Fund led the withdrawals, accounting for 45% at $258.7 million, its highest-ever single-day outflow, according to Farside data.
Liquidations and market sentiment
The crypto market saw $521 million in liquidations within 24 hours as Bitcoin briefly dropped to $92,500. Analysts, including Ryan Lee of Bitget Research, attributed the dip to fears of tighter US Federal Reserve policies driven by strong economic data suggesting potential interest rate hikes.
Despite the decline, the Crypto Fear & Greed Index remains in the “Greed” zone at 69, though down from last month’s “Extreme Greed” score of 78. Bitcoin traded at $94,401 at the time of writing, per CoinMarketCap data.
A volatile start to 2025
Traders caution against drawing conclusions from Bitcoin’s choppy price action early in the year. Daan Crypto Trades highlighted in a Jan. 9 post that while BTC briefly hit $102,500, it set a monthly low at $92,500 on Jan. 8.
“This year has started undecisively,” Daan commented, reflecting on Bitcoin’s price fluctuations.
#MicroStrategyAcquiresBTC $BTC
Bitcoin investors withdrew nearly $570 million from US spot Bitcoin ETFs on Jan. 8, as BTC dipped below the critical $100,000 level, triggering significant liquidations.
Record outflows as BTC slumps
Spot Bitcoin ETFs experienced $569.1 million in outflows, the second-largest single-day net outflow since their inception. Fidelity Wise Origin Bitcoin Fund led the withdrawals, accounting for 45% at $258.7 million, its highest-ever single-day outflow, according to Farside data.
Liquidations and market sentiment
The crypto market saw $521 million in liquidations within 24 hours as Bitcoin briefly dropped to $92,500. Analysts, including Ryan Lee of Bitget Research, attributed the dip to fears of tighter US Federal Reserve policies driven by strong economic data suggesting potential interest rate hikes.
Despite the decline, the Crypto Fear & Greed Index remains in the “Greed” zone at 69, though down from last month’s “Extreme Greed” score of 78. Bitcoin traded at $94,401 at the time of writing, per CoinMarketCap data.
A volatile start to 2025
Traders caution against drawing conclusions from Bitcoin’s choppy price action early in the year. Daan Crypto Trades highlighted in a Jan. 9 post that while BTC briefly hit $102,500, it set a monthly low at $92,500 on Jan. 8.
“This year has started undecisively,” Daan commented, reflecting on Bitcoin’s price fluctuations.
#MicroStrategyAcquiresBTC $BTC
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