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Bitcoin ETF Outflows Hit $1.5B as Price Retreats
DJ Shaw
Bitcoin exchange-traded funds faced more than $1.5 billion in net outflows over the past four days, even as institutional interest in cryptocurrency remains strong.
This shift in fund flows comes as bitcoin currently trades around $96,000, marking an 11% decline from its all-time high of $108,268 set earlier this month, according to data from CoinMarketCap.
For investors, these outflows signal caution as bitcoin posts its first weekly decline since Trump's election victory, while the Federal Reserve's recent messaging on inflation and interest rates has reshaped market expectations.
Despite the broader market retreat, institutional adoption continues to expand. MicroStrategy announced a $561 million acquisition of 5,262 bitcoins purchased in December at an average price of $106,662, according to a filing with the Securities and Exchange Commission. The company now holds 444,262 bitcoins, purchased at an aggregate price of around $27.7 billion.
Bitcoin ETF Market Trends
BlackRock's iShares Bitcoin Trust (IBIT) saw its largest single-day outflow of $188.7 million on Tuesday, bringing its four-day total withdrawal to $229.7 million, according to data from the U.K.-based asset manager Farside Investors
The Fidelity Wise Origin Bitcoin Fund (FBTC) led the four-day outflows with $509.6 million in withdrawals, while the ARK 21Shares Bitcoin ETF (ARKB) lost $286.1 million during the period, according to Farside.
Grayscale's Bitcoin Trust ETF (GBTC) and Bitcoin Mini Trust (BTC), meanwhile, recorded combined outflows of $372.1 million over the four days, Farside reports.
#BitwiseBitcoinETF
DJ Shaw
Bitcoin exchange-traded funds faced more than $1.5 billion in net outflows over the past four days, even as institutional interest in cryptocurrency remains strong.
This shift in fund flows comes as bitcoin currently trades around $96,000, marking an 11% decline from its all-time high of $108,268 set earlier this month, according to data from CoinMarketCap.
For investors, these outflows signal caution as bitcoin posts its first weekly decline since Trump's election victory, while the Federal Reserve's recent messaging on inflation and interest rates has reshaped market expectations.
Despite the broader market retreat, institutional adoption continues to expand. MicroStrategy announced a $561 million acquisition of 5,262 bitcoins purchased in December at an average price of $106,662, according to a filing with the Securities and Exchange Commission. The company now holds 444,262 bitcoins, purchased at an aggregate price of around $27.7 billion.
Bitcoin ETF Market Trends
BlackRock's iShares Bitcoin Trust (IBIT) saw its largest single-day outflow of $188.7 million on Tuesday, bringing its four-day total withdrawal to $229.7 million, according to data from the U.K.-based asset manager Farside Investors
The Fidelity Wise Origin Bitcoin Fund (FBTC) led the four-day outflows with $509.6 million in withdrawals, while the ARK 21Shares Bitcoin ETF (ARKB) lost $286.1 million during the period, according to Farside.
Grayscale's Bitcoin Trust ETF (GBTC) and Bitcoin Mini Trust (BTC), meanwhile, recorded combined outflows of $372.1 million over the four days, Farside reports.
#BitwiseBitcoinETF
Dogecoin Price Indicator: Critical Indicator Suggests 1,200% Surge To $4, But WLTQ Will Surge 35,200% To $8
Cryptocurrency enthusiasts and investors alike are buzzing with excitement as two tokens, the Dogecoin price and WallitIQ (WLTQ), showcase potential for explosive growth. While the Dogecoin price aims to use its community-driven momentum for a significant price leap, WallitIQ (WLTQ) is revolutionizing the crypto wallet industry with groundbreaking features and unparalleled presale success.
WallitIQ (WLTQ): Critical Indicator Predicts 35,200% Surge To $8
WallitIQ (WLTQ) is poised to shake-up the multi-billion crypto wallet industry with a critical indicator predicting a jaw-dropping 35,200% price surge, catapulting WallitIQ (WLTQ) to $8. This unparalleled growth projection is boosted by WallitIQ’s(WLTQ) ongoing presale success, which has captured the attention of thousands of investors worldwide.
The presale has already raised millions, showcasing incredible momentum as WallitIQ (WLTQ) tokens fly off the shelves. With over 85% of tokens sold in its second presale round and prices set to rise by 72% in the next round, early investors are seizing the chance to capitalize on WallitIQ’s (WLTQ) groundbreaking vision. Designed with advanced encryption and AI-driven security, WallitIQ (WLTQ) addresses critical challenges in the crypto wallet space, making it an essential tool for modern investors.
#Crypto2025Trends
Cryptocurrency enthusiasts and investors alike are buzzing with excitement as two tokens, the Dogecoin price and WallitIQ (WLTQ), showcase potential for explosive growth. While the Dogecoin price aims to use its community-driven momentum for a significant price leap, WallitIQ (WLTQ) is revolutionizing the crypto wallet industry with groundbreaking features and unparalleled presale success.
WallitIQ (WLTQ): Critical Indicator Predicts 35,200% Surge To $8
WallitIQ (WLTQ) is poised to shake-up the multi-billion crypto wallet industry with a critical indicator predicting a jaw-dropping 35,200% price surge, catapulting WallitIQ (WLTQ) to $8. This unparalleled growth projection is boosted by WallitIQ’s(WLTQ) ongoing presale success, which has captured the attention of thousands of investors worldwide.
The presale has already raised millions, showcasing incredible momentum as WallitIQ (WLTQ) tokens fly off the shelves. With over 85% of tokens sold in its second presale round and prices set to rise by 72% in the next round, early investors are seizing the chance to capitalize on WallitIQ’s (WLTQ) groundbreaking vision. Designed with advanced encryption and AI-driven security, WallitIQ (WLTQ) addresses critical challenges in the crypto wallet space, making it an essential tool for modern investors.
#Crypto2025Trends
Bitcoin’s high stakes: Why consolidation is key for BTC to rebound
Ten days ago, Bitcoin [BTC] hit a new ATH of $108K, a level it’s been eyeing since the “Trump pump.”
But even with no signs of an overheated market and greed staying well below the 90 mark, investor caution soared as the FOMC warned of a “cautious” 2025 ahead.
The result? BTC saw a sharp decline, wiping out much of the gains made during the final phase of the election cycle.
With a potential correction looming, many chose to cash out at the $94K price point – leading to over $7.17 billion in profits being realized.
While it might seem like a setback, the exit of weak hands is often seen as a ‘healthy’ retracement, setting the stage for fresh players to enter and grab the available supply.
Now, with BTC creeping back toward $100K, is new capital flooding back into the market, or is the aftermath of that ‘unexpected’ decline still fresh, keeping investors on edge?
Risk-averse investors exit amid caution
Following the massive cash-out, Bitcoin exchange reserves surged to 2.427 million – the highest spike since November.
Short-term holders’ SOPR also hit 1.04, signaling that those with less than five months of exposure were cashing out and locking in profits.
In addition, BTC inflow into exchanges reached a five-month high, with 21K BTC deposited at an average price of $98K.
This sent BTC down to $92K, its lowest level in over two weeks, with $94K clearly proving to be a strong profit-taking zone.
#XmasCryptoMiracles
Ten days ago, Bitcoin [BTC] hit a new ATH of $108K, a level it’s been eyeing since the “Trump pump.”
But even with no signs of an overheated market and greed staying well below the 90 mark, investor caution soared as the FOMC warned of a “cautious” 2025 ahead.
The result? BTC saw a sharp decline, wiping out much of the gains made during the final phase of the election cycle.
With a potential correction looming, many chose to cash out at the $94K price point – leading to over $7.17 billion in profits being realized.
While it might seem like a setback, the exit of weak hands is often seen as a ‘healthy’ retracement, setting the stage for fresh players to enter and grab the available supply.
Now, with BTC creeping back toward $100K, is new capital flooding back into the market, or is the aftermath of that ‘unexpected’ decline still fresh, keeping investors on edge?
Risk-averse investors exit amid caution
Following the massive cash-out, Bitcoin exchange reserves surged to 2.427 million – the highest spike since November.
Short-term holders’ SOPR also hit 1.04, signaling that those with less than five months of exposure were cashing out and locking in profits.
In addition, BTC inflow into exchanges reached a five-month high, with 21K BTC deposited at an average price of $98K.
This sent BTC down to $92K, its lowest level in over two weeks, with $94K clearly proving to be a strong profit-taking zone.
#XmasCryptoMiracles
Can Bitcoin reclaim $95,800 as short-term holders take profits?
Since hitting $108k, Bitcoin [BTC] has struggled to maintain an upward momentum. As such, BTC has traded in a consolidation range between $92k and $97k.
At the time of writing, Bitcoin is trading at $93,905, marking a 2.18% decline on the daily charts. Additionally, the cryptocurrency has dropped by 12.37% on the weekly charts.
This dip has left most short-term holders at a loss, including those who bought Bitcoin in November. The widening loss margins among short-term holders have analysts deliberating over the next move.
Bitcoin’s LTH vs STH net position change
According to Cryptoquant, the 30-day net position change for long-term holders (LTH) has turned negative hitting -750k BTC.
The net position change for short-term holders (STH) surged to a positive value of +750k BTC.
While short-term investors continued to accumulate as BTC prices surged, the STH SOPR turned negative. This indicates that STH holders are operating at a loss.
With short-term holders at a loss, they have two options: hold and wait for BTC prices to recover, or buy at lower prices. If STH demand remains strong and long-term holder (LTH) demand is neutral or positive, it could create positive momentum for BTC.
However, if STH decides to sell at a loss, it could create selling pressure and drive prices further down. The direction that short-term holders take will affect BTC’s price trajectory
#ReboundRally
Since hitting $108k, Bitcoin [BTC] has struggled to maintain an upward momentum. As such, BTC has traded in a consolidation range between $92k and $97k.
At the time of writing, Bitcoin is trading at $93,905, marking a 2.18% decline on the daily charts. Additionally, the cryptocurrency has dropped by 12.37% on the weekly charts.
This dip has left most short-term holders at a loss, including those who bought Bitcoin in November. The widening loss margins among short-term holders have analysts deliberating over the next move.
Bitcoin’s LTH vs STH net position change
According to Cryptoquant, the 30-day net position change for long-term holders (LTH) has turned negative hitting -750k BTC.
The net position change for short-term holders (STH) surged to a positive value of +750k BTC.
While short-term investors continued to accumulate as BTC prices surged, the STH SOPR turned negative. This indicates that STH holders are operating at a loss.
With short-term holders at a loss, they have two options: hold and wait for BTC prices to recover, or buy at lower prices. If STH demand remains strong and long-term holder (LTH) demand is neutral or positive, it could create positive momentum for BTC.
However, if STH decides to sell at a loss, it could create selling pressure and drive prices further down. The direction that short-term holders take will affect BTC’s price trajectory
#ReboundRally
Is the Santa Claus rally already over? Here’s what it means for your crypto investments
The Santa Claus rally, a seasonal market trend where prices historically rise in the last week of December, has become a hot topic in the crypto world.
As we approach the end of 2024, crypto investors are questioning whether this rally has already fizzled out or if it still has the potential to drive markets higher.
Current market overview
Bitcoin [BTC], the market leader, is currently trading at approximately $95,00, reflecting a less than 1% increase in the past 24 hours.
Ethereum [ETH] follows suit with a less than 1% increase, priced around $3,291. Solana [SOL] and Binance Coin [BNB] are also showing slight gains, with the overall crypto market capitalization hovering near $3.5 trillion.
Despite the minor pullback, trading volumes remain strong. Bitcoin’s dominance, now at 55.08%, underscores its pivotal role during this seasonal period.
Furthermore, the Fear & Greed Index, currently at 70 (Greed), suggests market sentiment remains bullish, albeit cautiously.
Has the Santa Claus rally lost steam?
The Santa Claus rally has historically been linked to bullish sentiment, tax-driven buying, and increased retail participation. However, recent events have introduced volatility, including the expiration of over $2.6 billion in Bitcoin and Ethereum options.
This options expiry often creates price swings as traders adjust their positions.
On-chain data reveals mixed signals. Whale activity has slowed, with fewer large transactions recorded, while retail investors continue accumulating.
#MarketRebound
The Santa Claus rally, a seasonal market trend where prices historically rise in the last week of December, has become a hot topic in the crypto world.
As we approach the end of 2024, crypto investors are questioning whether this rally has already fizzled out or if it still has the potential to drive markets higher.
Current market overview
Bitcoin [BTC], the market leader, is currently trading at approximately $95,00, reflecting a less than 1% increase in the past 24 hours.
Ethereum [ETH] follows suit with a less than 1% increase, priced around $3,291. Solana [SOL] and Binance Coin [BNB] are also showing slight gains, with the overall crypto market capitalization hovering near $3.5 trillion.
Despite the minor pullback, trading volumes remain strong. Bitcoin’s dominance, now at 55.08%, underscores its pivotal role during this seasonal period.
Furthermore, the Fear & Greed Index, currently at 70 (Greed), suggests market sentiment remains bullish, albeit cautiously.
Has the Santa Claus rally lost steam?
The Santa Claus rally has historically been linked to bullish sentiment, tax-driven buying, and increased retail participation. However, recent events have introduced volatility, including the expiration of over $2.6 billion in Bitcoin and Ethereum options.
This options expiry often creates price swings as traders adjust their positions.
On-chain data reveals mixed signals. Whale activity has slowed, with fewer large transactions recorded, while retail investors continue accumulating.
#MarketRebound
good
Technical Analysis (TA) of Dogecoin (DOGE) and Trading Strategy - 100% Win
---
#Dogecoin
1. Market Overview
- Current Price: $0.3135 (December 23, 2024)
- 24-Hour Change: -0.89%
- Key Levels:
- Support: $0.30
- Resistance: $0.35
DOGE is consolidating near its support, indicating potential for a breakout or further consolidation.
---
2. Chart Analysis
- Moving Averages:
- 50-day MA: $0.320
- 200-day MA: $0.310
- Near crossover suggests potential trend shift.
- Indicators:
- RSI: At 55, signaling neutral momentum (not overbought or oversold).
- MACD: Bullish crossover shows possible upward momentum.
---
3. Trading Strategy
- Entry Point: $DOGE
- Buy above $0.35 with high volume confirmation for an upward breakout.
- Alternatively, buy near $0.30 if there’s a strong bounce at support.
- Take Profit (TP): $DOGE
- Target $0.40, aligning with recent highs and providing a favorable risk-reward ratio.
- Stop Loss (SL): $DOGE
- Place at $0.32, just below the 200-day MA and support zone.
---
---
#Dogecoin
1. Market Overview
- Current Price: $0.3135 (December 23, 2024)
- 24-Hour Change: -0.89%
- Key Levels:
- Support: $0.30
- Resistance: $0.35
DOGE is consolidating near its support, indicating potential for a breakout or further consolidation.
---
2. Chart Analysis
- Moving Averages:
- 50-day MA: $0.320
- 200-day MA: $0.310
- Near crossover suggests potential trend shift.
- Indicators:
- RSI: At 55, signaling neutral momentum (not overbought or oversold).
- MACD: Bullish crossover shows possible upward momentum.
---
3. Trading Strategy
- Entry Point: $DOGE
- Buy above $0.35 with high volume confirmation for an upward breakout.
- Alternatively, buy near $0.30 if there’s a strong bounce at support.
- Take Profit (TP): $DOGE
- Target $0.40, aligning with recent highs and providing a favorable risk-reward ratio.
- Stop Loss (SL): $DOGE
- Place at $0.32, just below the 200-day MA and support zone.
---
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For newbies to know about alt session
An Altcoin Season (Alt Season) occurs in the cryptocurrency market when altcoins (cryptocurrencies other than Bitcoin) outperform Bitcoin in terms of price growth and market performance. During this period, investors shift their focus and capital from Bitcoin to altcoins, leading to significant price surges for these alternative cryptocurrencies.
### Key Indicators of an Altcoin Season:
1. Bitcoin Dominance Drops: Bitcoin dominance (its share of the total crypto market capitalization) decreases, as more money flows into altcoins.
2. Rapid Growth in Altcoin Prices: Altcoins experience significant price increases, often outperforming Bitcoin in percentage gains.
3. Speculative Investments: Traders and investors seek higher returns by investing in smaller, lesser-known altcoins, creating a wave of speculative buying.
4. Increased Trading Volume: Altcoins see a surge in trading volume, indicating heightened interest and activity.
### What Triggers an Alt Season?
- Bullish Market Sentiment: A positive overall sentiment in the crypto market can drive investors to explore altcoins after Bitcoin has rallied.
- Major Altcoin Developments: Network upgrades, partnerships, or successful project launches can draw attention to specific altcoins.
- Bitcoin Consolidation: When Bitcoin's price stabilizes or moves sideways after a rally, traders often shift to altcoins for potentially higher gains.
- Major Events: Regulatory approvals, Ethereum ETF launches, or Bitcoin halvings can indirectly trigger an Alt Season.
### Risks During Alt Season
- Volatility: Altcoins are often more volatile than Bitcoin, leading to rapid price swings.
- Pump and Dump Schemes: Some altcoins may experience artificial price increases driven by coordinated manipulation.
- Illiquidity: Lesser-known altcoins might have low trading volumes, making them harder to buy or sell without affecting the price.
To identify whether it's an Alt Season, tools like the Altcoin Season Index can be helpful. This index measures how many of the top-performing coins (excluding Bitcoin) are altcoins over a specific period.
### Key Indicators of an Altcoin Season:
1. Bitcoin Dominance Drops: Bitcoin dominance (its share of the total crypto market capitalization) decreases, as more money flows into altcoins.
2. Rapid Growth in Altcoin Prices: Altcoins experience significant price increases, often outperforming Bitcoin in percentage gains.
3. Speculative Investments: Traders and investors seek higher returns by investing in smaller, lesser-known altcoins, creating a wave of speculative buying.
4. Increased Trading Volume: Altcoins see a surge in trading volume, indicating heightened interest and activity.
### What Triggers an Alt Season?
- Bullish Market Sentiment: A positive overall sentiment in the crypto market can drive investors to explore altcoins after Bitcoin has rallied.
- Major Altcoin Developments: Network upgrades, partnerships, or successful project launches can draw attention to specific altcoins.
- Bitcoin Consolidation: When Bitcoin's price stabilizes or moves sideways after a rally, traders often shift to altcoins for potentially higher gains.
- Major Events: Regulatory approvals, Ethereum ETF launches, or Bitcoin halvings can indirectly trigger an Alt Season.
### Risks During Alt Season
- Volatility: Altcoins are often more volatile than Bitcoin, leading to rapid price swings.
- Pump and Dump Schemes: Some altcoins may experience artificial price increases driven by coordinated manipulation.
- Illiquidity: Lesser-known altcoins might have low trading volumes, making them harder to buy or sell without affecting the price.
To identify whether it's an Alt Season, tools like the Altcoin Season Index can be helpful. This index measures how many of the top-performing coins (excluding Bitcoin) are altcoins over a specific period.
ok
Binance Announcement
--
Binance Pool Supports New Merged Mining: Junkcoin (JKC) and Pepecoin (PEP)
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Pool has officially launched Junkcoin (JKC) and Pepecoin (PEP) merged mining. Mine Litecoin (LTC) and earn rewards in LTC, DOGE (Doge), BELLS (Bellscoin), LKY (Luckycoin), JKC, and PEP.
How to Get Started:
Log in to your verified Binance account and register for a Binance Pool account. Start mining LTC. You may follow the step-by-step guide in this FAQ: How to Mine Litecoin (LTC) on Binance. Add an external wallet address to your Binance Pool account, you may follow the step-by-step guide in this FAQ: How to Add an External Wallet Address to My Binance Pool Account. Check your current hashrate from [Workers].Check your earnings from [Earnings]. You may follow the step-by-step guide in this FAQ: How to Check My Mining Earnings?.
Start Mining LTC on Binance Pool!
Please Note:
Eligible users whose hashrate meets Binance Pool VIP level requirements can apply for VIP status by emailing poolvip@binance.com.
Bellscoin (BELLS), Junkcoin (JKC), Luckycoin (LKY), and Pepecoin (PEP) are not currently listed (tradable) on Binance.com. The launch of the aforementioned tokens’ mining service on Binance Pool does not guarantee their listing on Binance.com.Bellscoin (BELLS), Junkcoin (JKC), Luckycoin (LKY), and Pepecoin (PEP) use a PPLNS payout model with a minimum payout of 1 BELLS, 5 JKC, 1 LKY, and 20,000 PEP.Earnings will be based on the actual output of the mining pool. BELLS, LKY, JKC, PEP, and DOGE earnings will not be affected by LTC earnings.Users need to configure a Bellscoin (BELLS), Luckycoin (LKY), Junkcoin (JKC), or Pepecoin (PEP) addresses to receive BELLS, LKY, JKC, or PEP mining rewards. If no payout address is configured, no earnings will be accumulated to their balance.Users' earnings will stay in their balance if their BELLS, LKY, or JKC balance is below the minimum payout threshold set by Binance Pool. Users should ensure their payout addresses can handle transactions for the respective tokens to avoid any unnecessary losses.
Terms and Conditions:
Users must have a verified Binance account to be eligible for any rewards.Users must provide a valid third-party address in their Binance Pool account to receive Bellscoin (BELLS), Luckycoin (LKY), Junkcoin (JKC), and Pepecoin (PEP) rewards. Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-23
Fellow Binancians,
Binance Pool has officially launched Junkcoin (JKC) and Pepecoin (PEP) merged mining. Mine Litecoin (LTC) and earn rewards in LTC, DOGE (Doge), BELLS (Bellscoin), LKY (Luckycoin), JKC, and PEP.
How to Get Started:
Log in to your verified Binance account and register for a Binance Pool account. Start mining LTC. You may follow the step-by-step guide in this FAQ: How to Mine Litecoin (LTC) on Binance. Add an external wallet address to your Binance Pool account, you may follow the step-by-step guide in this FAQ: How to Add an External Wallet Address to My Binance Pool Account. Check your current hashrate from [Workers].Check your earnings from [Earnings]. You may follow the step-by-step guide in this FAQ: How to Check My Mining Earnings?.
Start Mining LTC on Binance Pool!
Please Note:
Eligible users whose hashrate meets Binance Pool VIP level requirements can apply for VIP status by emailing poolvip@binance.com.
Bellscoin (BELLS), Junkcoin (JKC), Luckycoin (LKY), and Pepecoin (PEP) are not currently listed (tradable) on Binance.com. The launch of the aforementioned tokens’ mining service on Binance Pool does not guarantee their listing on Binance.com.Bellscoin (BELLS), Junkcoin (JKC), Luckycoin (LKY), and Pepecoin (PEP) use a PPLNS payout model with a minimum payout of 1 BELLS, 5 JKC, 1 LKY, and 20,000 PEP.Earnings will be based on the actual output of the mining pool. BELLS, LKY, JKC, PEP, and DOGE earnings will not be affected by LTC earnings.Users need to configure a Bellscoin (BELLS), Luckycoin (LKY), Junkcoin (JKC), or Pepecoin (PEP) addresses to receive BELLS, LKY, JKC, or PEP mining rewards. If no payout address is configured, no earnings will be accumulated to their balance.Users' earnings will stay in their balance if their BELLS, LKY, or JKC balance is below the minimum payout threshold set by Binance Pool. Users should ensure their payout addresses can handle transactions for the respective tokens to avoid any unnecessary losses.
Terms and Conditions:
Users must have a verified Binance account to be eligible for any rewards.Users must provide a valid third-party address in their Binance Pool account to receive Bellscoin (BELLS), Luckycoin (LKY), Junkcoin (JKC), and Pepecoin (PEP) rewards. Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-23
Crypto market’s weekly winners and losers – HYPE, BGB, WIF, APT
In this week’s crypto market review, Movement (MOVE) led the gainers with a 45.1% surge, followed closely by Hyperliquid (HYPE) and Bitget Token (BGB).
Meanwhile, Dogwifhat (WIF), Aptos (APT), and Gala (GALA) ranked as the biggest losers, reflecting the volatile nature of the crypto market. As prices fluctuate rapidly, this recap highlights the market’s dynamic trends.
Biggest winners
Movement (MOVE)
Movement (MOVE) emerged as the highest gainer of the past week, posting an impressive 45.1% increase in value, according to data from CoinGecko. The asset began the week on a subdued note, registering a minor 1% decline and trading around $0.63.
However, the bullish momentum picked up significantly mid-week, with the most notable spikes occurring on 19th and 20th December. During this period, MOVE recorded increases of over 19% and 42%, pushing its price to a weekly high of approximately $1.06.
Despite this stellar performance, MOVE faced an 8% decline toward the end of the week, closing at $0.97. This decline could be attributed to profit-taking as short-term traders capitalized on the significant gains. The trading volume during the week spiked substantially, reflecting heightened investor interest. However, the volume has declined by over 55% as of this writing and is around $1.2 billion.
Hyperliquid (HYPE)
Hyperliquid lived up to the Hype with its performance in the past week. HYPE demonstrated a stellar performance, securing its position as the second-highest gainer with a 42.7% increase.
The turning point for HYPE came on 19th December, as bullish momentum kicked in, initiating a robust uptrend. By the end of the week, HYPE had climbed to approximately $32. Its volume has, however, dropped in the last 24 hours by over 35%.
#ChristmasMarketAnalysis
In this week’s crypto market review, Movement (MOVE) led the gainers with a 45.1% surge, followed closely by Hyperliquid (HYPE) and Bitget Token (BGB).
Meanwhile, Dogwifhat (WIF), Aptos (APT), and Gala (GALA) ranked as the biggest losers, reflecting the volatile nature of the crypto market. As prices fluctuate rapidly, this recap highlights the market’s dynamic trends.
Biggest winners
Movement (MOVE)
Movement (MOVE) emerged as the highest gainer of the past week, posting an impressive 45.1% increase in value, according to data from CoinGecko. The asset began the week on a subdued note, registering a minor 1% decline and trading around $0.63.
However, the bullish momentum picked up significantly mid-week, with the most notable spikes occurring on 19th and 20th December. During this period, MOVE recorded increases of over 19% and 42%, pushing its price to a weekly high of approximately $1.06.
Despite this stellar performance, MOVE faced an 8% decline toward the end of the week, closing at $0.97. This decline could be attributed to profit-taking as short-term traders capitalized on the significant gains. The trading volume during the week spiked substantially, reflecting heightened investor interest. However, the volume has declined by over 55% as of this writing and is around $1.2 billion.
Hyperliquid (HYPE)
Hyperliquid lived up to the Hype with its performance in the past week. HYPE demonstrated a stellar performance, securing its position as the second-highest gainer with a 42.7% increase.
The turning point for HYPE came on 19th December, as bullish momentum kicked in, initiating a robust uptrend. By the end of the week, HYPE had climbed to approximately $32. Its volume has, however, dropped in the last 24 hours by over 35%.
#ChristmasMarketAnalysis
Bitcoin’s long % rises, despite price correction — What else to watch for a bounce?
Bitcoin (BTC) saw a hike in long positions even as its price fell sharply, suggesting that its traders were caught in a long trap. In fact, the percentage of longs on Binance and OKX escalated significantly when BTC’s price fell to lows near $92k.
This trend hinted at an impending pivot, one where the excessive bullish sentiment could reverse itself, prompting a potential price recovery as shorts enter and longs exit
These cycles often precede significant market reversals. The downturn would position BTC for a certain rebound if the long percentages reach their peak and begin to decline.
This would signal a shift in sentiment, possibly trapping shorts in the process. Here, it’s worth noting that apart from the long percentage hike, BTC also showed other signs of rebound on the charts.
Bitcoin’s Funding Rate
The aggregated funding rate saw a sharp hike as the price escalated – A sign of strong bullish sentiment. Subsequently, the funding rate remained elevated while Bitcoin’s price began a descent – Pointing to an overextended market.
Traders likely entered long positions during the hike, and the market’s inability to sustain higher buying pressure resulted in a correction.
The pullback might have spurred profit-taking or incited shorts to capitalize on the high funding rate, introducing selling pressure.
Despite this, however, the sustained positive funding rate hinted at underlying market confidence, albeit caution might be warranted. If the funding rate sustains or reverses itself, it could signal potential market moves. Stabilization or a reversal in the funding rate could define Bitcoin’s near-term trajectory.
$BTC
#BTCOutlook
Bitcoin (BTC) saw a hike in long positions even as its price fell sharply, suggesting that its traders were caught in a long trap. In fact, the percentage of longs on Binance and OKX escalated significantly when BTC’s price fell to lows near $92k.
This trend hinted at an impending pivot, one where the excessive bullish sentiment could reverse itself, prompting a potential price recovery as shorts enter and longs exit
These cycles often precede significant market reversals. The downturn would position BTC for a certain rebound if the long percentages reach their peak and begin to decline.
This would signal a shift in sentiment, possibly trapping shorts in the process. Here, it’s worth noting that apart from the long percentage hike, BTC also showed other signs of rebound on the charts.
Bitcoin’s Funding Rate
The aggregated funding rate saw a sharp hike as the price escalated – A sign of strong bullish sentiment. Subsequently, the funding rate remained elevated while Bitcoin’s price began a descent – Pointing to an overextended market.
Traders likely entered long positions during the hike, and the market’s inability to sustain higher buying pressure resulted in a correction.
The pullback might have spurred profit-taking or incited shorts to capitalize on the high funding rate, introducing selling pressure.
Despite this, however, the sustained positive funding rate hinted at underlying market confidence, albeit caution might be warranted. If the funding rate sustains or reverses itself, it could signal potential market moves. Stabilization or a reversal in the funding rate could define Bitcoin’s near-term trajectory.
$BTC
#BTCOutlook
Bitcoin closes in on $100K thanks to institutional demand – Details
After declining to a 2-week low of $92,118 in the past day, Bitcoin’s [BTC] has shown resilience and made a considerable recovery.
BTC has recovered from the market crash, reaching a high of $98,125. However, it has experienced a slight pullback. At the time of writing, Bitcoin was trading at $98,086, marking a 1.25% increase over the past day.
This market strength is largely credited to the increased demand BTC is experiencing, especially among institutions, according to Cryptoquant analysis.
Rising institutional demand for Bitcoin
In their analysis, Cryptoquant observed that Bitcoin demand is surging. According to them, OTC desks are experiencing their largest monthly inventory decline of 2024. This is currently down by 26k BTC tokens for this month alone.
Since the 20th of November 2024, Bitcoin’s supply has declined by 40k BTC, signaling continued supply tightening.
The significant drop in supply indicates increased institutional demand for Bitcoin. Current market conditions position Bitcoin for a potential supply squeeze.
When Bitcoin’s supply decreases and demand continues to increase, the price typically rises. Limited supply, coupled with growing demand, drives prices up.
#MarketPullback
After declining to a 2-week low of $92,118 in the past day, Bitcoin’s [BTC] has shown resilience and made a considerable recovery.
BTC has recovered from the market crash, reaching a high of $98,125. However, it has experienced a slight pullback. At the time of writing, Bitcoin was trading at $98,086, marking a 1.25% increase over the past day.
This market strength is largely credited to the increased demand BTC is experiencing, especially among institutions, according to Cryptoquant analysis.
Rising institutional demand for Bitcoin
In their analysis, Cryptoquant observed that Bitcoin demand is surging. According to them, OTC desks are experiencing their largest monthly inventory decline of 2024. This is currently down by 26k BTC tokens for this month alone.
Since the 20th of November 2024, Bitcoin’s supply has declined by 40k BTC, signaling continued supply tightening.
The significant drop in supply indicates increased institutional demand for Bitcoin. Current market conditions position Bitcoin for a potential supply squeeze.
When Bitcoin’s supply decreases and demand continues to increase, the price typically rises. Limited supply, coupled with growing demand, drives prices up.
#MarketPullback
Bitcoin: Exchanges see $40M daily USDT surge – Is BTC’s rally just starting?
Recent on-chain data highlights a surge in Tether [USDT] inflows to centralized exchanges, averaging $40 million per day. This trend suggests that stablecoins may be the driving force behind Bitcoin’s ongoing rally, which recently saw the cryptocurrency hit a record-breaking $108,000.
The significant USDT deposits indicate large investors are positioning themselves for further gains. As stablecoins serve as a gateway to other assets, this inflow could signal confidence in Bitcoin’s potential for continued growth.
Significance of USDT inflows and their impact
The steady inflow of USDT into centralized exchanges has become a key indicator of investor sentiment.
Unlike other assets, stablecoin deposits typically signal preparation for trading activity rather than imminent sell-offs. Investors use USDT as a liquidity bridge to purchase volatile assets like Bitcoin when market conditions are favorable.
With exchanges receiving an average of $40 million USDT daily, these inflows reflect increased demand for crypto exposure. This surge highlights institutional and retail interest in Bitcoin’s rally, suggesting that stablecoins are playing a pivotal role in sustaining market momentum.
The trend is particularly noteworthy during times of heightened price activity, as it underscores the capital readiness to fuel further bullish runs.
Effect of stablecoin flows on Bitcoin’s price
Stablecoin flows, particularly those involving Tether, directly influence Bitcoin’s price dynamics by increasing buying pressure. When large volumes of USDT are deposited into exchanges, they often precede heightened trading activity, driving up Bitcoin’s price.
This pattern aligns with Bitcoin’s recent surge to a new all-time high of $108,000, fueled by significant USDT inflows.
#BTCNextMove
$BTC
#BTCNextMove
Recent on-chain data highlights a surge in Tether [USDT] inflows to centralized exchanges, averaging $40 million per day. This trend suggests that stablecoins may be the driving force behind Bitcoin’s ongoing rally, which recently saw the cryptocurrency hit a record-breaking $108,000.
The significant USDT deposits indicate large investors are positioning themselves for further gains. As stablecoins serve as a gateway to other assets, this inflow could signal confidence in Bitcoin’s potential for continued growth.
Significance of USDT inflows and their impact
The steady inflow of USDT into centralized exchanges has become a key indicator of investor sentiment.
Unlike other assets, stablecoin deposits typically signal preparation for trading activity rather than imminent sell-offs. Investors use USDT as a liquidity bridge to purchase volatile assets like Bitcoin when market conditions are favorable.
With exchanges receiving an average of $40 million USDT daily, these inflows reflect increased demand for crypto exposure. This surge highlights institutional and retail interest in Bitcoin’s rally, suggesting that stablecoins are playing a pivotal role in sustaining market momentum.
The trend is particularly noteworthy during times of heightened price activity, as it underscores the capital readiness to fuel further bullish runs.
Effect of stablecoin flows on Bitcoin’s price
Stablecoin flows, particularly those involving Tether, directly influence Bitcoin’s price dynamics by increasing buying pressure. When large volumes of USDT are deposited into exchanges, they often precede heightened trading activity, driving up Bitcoin’s price.
This pattern aligns with Bitcoin’s recent surge to a new all-time high of $108,000, fueled by significant USDT inflows.
#BTCNextMove
$BTC
#BTCNextMove
Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance. Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing. In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB. The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance. Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas. Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more
#BinanceAlphaAlert
$BNB
#BinanceAlphaAlert
$BNB
Bitcoin rebounds! $1B BTC withdrawn from Coinbase in one hour
Bitcoin [BTC] has experienced significant major price fluctuations in the past day, primarily influenced by the Federal Open Market Committee (FOMC) meeting outcomes and Federal Reserve Chair Jerome Powell’s speech.
The asset saw a steep decline, falling to as low as $98,000—a drop of over 5% in just a day. However, the cryptocurrency appears to have quickly rebounded, reclaiming the $100,000 mark and briefly reaching a high of $105,000 earlier today.
At the time of writing, Bitcoin was trading at $101,496, reflecting a 2.6% decrease over the past day and a 6.1% drop from its all-time high (ATH).
This dramatic price movement highlights Bitcoin’s continued volatility, but it also highlights the resilience of investor sentiment. Analysts seem to have been closely monitoring these fluctuations, with attention turning to institutional activity and its impact on market trends.
A new report from CryptoQuant analyst Burak Kesmeci sheds light on a significant development in Bitcoin’s market dynamics.
Massive Coinbase outflow signals institutional interest
According to Kesmeci, a record-breaking Bitcoin outflow was observed on Coinbase during the FOMC announcement. Within just one hour, approximately 10,756 BTC, valued at $1.1 billion, were withdrawn from the exchange. $BTC
#BinanceAlphaAlert
#MarketCorrectionBuyOrHODL
Bitcoin [BTC] has experienced significant major price fluctuations in the past day, primarily influenced by the Federal Open Market Committee (FOMC) meeting outcomes and Federal Reserve Chair Jerome Powell’s speech.
The asset saw a steep decline, falling to as low as $98,000—a drop of over 5% in just a day. However, the cryptocurrency appears to have quickly rebounded, reclaiming the $100,000 mark and briefly reaching a high of $105,000 earlier today.
At the time of writing, Bitcoin was trading at $101,496, reflecting a 2.6% decrease over the past day and a 6.1% drop from its all-time high (ATH).
This dramatic price movement highlights Bitcoin’s continued volatility, but it also highlights the resilience of investor sentiment. Analysts seem to have been closely monitoring these fluctuations, with attention turning to institutional activity and its impact on market trends.
A new report from CryptoQuant analyst Burak Kesmeci sheds light on a significant development in Bitcoin’s market dynamics.
Massive Coinbase outflow signals institutional interest
According to Kesmeci, a record-breaking Bitcoin outflow was observed on Coinbase during the FOMC announcement. Within just one hour, approximately 10,756 BTC, valued at $1.1 billion, were withdrawn from the exchange. $BTC
#BinanceAlphaAlert
#MarketCorrectionBuyOrHODL
Bitcoin price rallied to a record high of $108,000 on Dec. 17, continuing a bull run that began in 2023.
Bitcoin btc0.09%Bitcoin has surged by nearly 150% this year, driven by rising demand and decreasing supply growth. The unwinding of high interest rates by the Federal Reserve and other central banks has also contributed to this upward momentum.
Data from SoSoValue shows that spot Bitcoin ETFs have accumulated over $36 billion in assets, bringing their combined total to more than $120 billion. This growth indicates that Bitcoin is increasingly competing with gold for investor attention.
#BTC☀ $BTC
#CryptoUsersHit18M
Bitcoin btc0.09%Bitcoin has surged by nearly 150% this year, driven by rising demand and decreasing supply growth. The unwinding of high interest rates by the Federal Reserve and other central banks has also contributed to this upward momentum.
Data from SoSoValue shows that spot Bitcoin ETFs have accumulated over $36 billion in assets, bringing their combined total to more than $120 billion. This growth indicates that Bitcoin is increasingly competing with gold for investor attention.
#BTC☀ $BTC
#CryptoUsersHit18M
Gonna keep buying’ Bitcoin, Michael Saylor on BTC’s journey to $100K
Michael Saylor has consistently remained a strong advocate for Bitcoin [BTC], even during its bearish phases. Now, as BTC recently hit the $100K milestone, it was no surprise that Saylor shared his insights on the matter.
Saylor on Bitcoin stabilizing at $100K
In a conversation with Alex Thorn, Head of Firmwide Research at Galaxy, Saylor remarked,
“I think it’s an important milestone because when you get to the six figure level, I think it sends the message to people that Bitcoin is here to stay.”
Explaining his viewpoint, Saylor explained that throughout its journey, Bitcoin has evolved through various phases. For those unaware, initially, BTC’s identity and viability were subjects of intense debate and uncertainty.
Then the Blocksize Wars further complicated its understanding, as different factions fought over its true purpose.
Between 2020 and 2024, the focus shifted to Bitcoin’s acceptance by institutions, governments, and traditional markets as skepticism prevailed.
However, since the 5th of November, BTC surged remarkably, climbing from $67k to over $100k. This solidified its position as an influential force in finance.
In an interview with CNBC, Saylor highlighted the 2024 U.S. presidential election’s impact on Bitcoin’s future.
He stated,
“The election of 2024 is the single biggest thing that has happened in the past four years for Bitcoin,”
Here, he emphasized the political environment’s role in shaping Bitcoin’s trajectory.
Microstrategy’s Bitcoin commitment
Additionally, Saylor’s company, MicroStrategy, has further solidified its commitment to Bitcoin by making a significant move in capital markets.
MicroStrategy issued a $21 billion equity shelf registration and a $21 billion fixed-income plan. This set a new benchmark in the financial world for the largest offering of such nature ever.
#BTC☀
#BitcoinKeyZone
Michael Saylor has consistently remained a strong advocate for Bitcoin [BTC], even during its bearish phases. Now, as BTC recently hit the $100K milestone, it was no surprise that Saylor shared his insights on the matter.
Saylor on Bitcoin stabilizing at $100K
In a conversation with Alex Thorn, Head of Firmwide Research at Galaxy, Saylor remarked,
“I think it’s an important milestone because when you get to the six figure level, I think it sends the message to people that Bitcoin is here to stay.”
Explaining his viewpoint, Saylor explained that throughout its journey, Bitcoin has evolved through various phases. For those unaware, initially, BTC’s identity and viability were subjects of intense debate and uncertainty.
Then the Blocksize Wars further complicated its understanding, as different factions fought over its true purpose.
Between 2020 and 2024, the focus shifted to Bitcoin’s acceptance by institutions, governments, and traditional markets as skepticism prevailed.
However, since the 5th of November, BTC surged remarkably, climbing from $67k to over $100k. This solidified its position as an influential force in finance.
In an interview with CNBC, Saylor highlighted the 2024 U.S. presidential election’s impact on Bitcoin’s future.
He stated,
“The election of 2024 is the single biggest thing that has happened in the past four years for Bitcoin,”
Here, he emphasized the political environment’s role in shaping Bitcoin’s trajectory.
Microstrategy’s Bitcoin commitment
Additionally, Saylor’s company, MicroStrategy, has further solidified its commitment to Bitcoin by making a significant move in capital markets.
MicroStrategy issued a $21 billion equity shelf registration and a $21 billion fixed-income plan. This set a new benchmark in the financial world for the largest offering of such nature ever.
#BTC☀
#BitcoinKeyZone
Robert Kiyosaki: Buy Bitcoin, as ‘the biggest crash in history is coming’
Renowned financial expert Robert Kiyosaki has issued a cautionary outlook amid the booming cryptocurrency market.
While many enthusiasts remain optimistic about Bitcoin [BTC] reaching $150K, Kiyosaki has raised concerns about an impending economic downturn, describing it as “the biggest crash in history.”
Kiyosaki’s Bitcoin bet
In his message, the co-author of Rich Dad Poor Dad emphasized the shift toward risk-based assets like BTC and gold, urging investors to reconsider traditional assets such as stocks and bonds.
In a recent post on X, Kiyosaki raised concerns about the financial vulnerability of baby boomers as market conditions shift.
He highlighted how past trends, such as the real estate boom in the 1970s and the growth driven by 401(k) plans, have led to unrealistic financial expectations.
Kiyosaki warned,
“When the stock market bursts, boomers will be the biggest losers.”
Here, he emphasized the need for a significant reevaluation of investments.
Additionally, he urged younger individuals to guide their parents in reassessing their portfolios to protect against potential market declines, emphasizing a shift toward more diversified and risk-conscious approaches
“If I were a child of a boomer, I would nudge my parents to sell their home, stocks, and bonds now, while prices are high, before the crash that is coming … and buy gold, silver, and bitcoin now … before your boomer mom and dad move in with you, or expect you to pay for their rising healthcare or funeral costs.”
#BTC☀
#BTCReclaims101K
Renowned financial expert Robert Kiyosaki has issued a cautionary outlook amid the booming cryptocurrency market.
While many enthusiasts remain optimistic about Bitcoin [BTC] reaching $150K, Kiyosaki has raised concerns about an impending economic downturn, describing it as “the biggest crash in history.”
Kiyosaki’s Bitcoin bet
In his message, the co-author of Rich Dad Poor Dad emphasized the shift toward risk-based assets like BTC and gold, urging investors to reconsider traditional assets such as stocks and bonds.
In a recent post on X, Kiyosaki raised concerns about the financial vulnerability of baby boomers as market conditions shift.
He highlighted how past trends, such as the real estate boom in the 1970s and the growth driven by 401(k) plans, have led to unrealistic financial expectations.
Kiyosaki warned,
“When the stock market bursts, boomers will be the biggest losers.”
Here, he emphasized the need for a significant reevaluation of investments.
Additionally, he urged younger individuals to guide their parents in reassessing their portfolios to protect against potential market declines, emphasizing a shift toward more diversified and risk-conscious approaches
“If I were a child of a boomer, I would nudge my parents to sell their home, stocks, and bonds now, while prices are high, before the crash that is coming … and buy gold, silver, and bitcoin now … before your boomer mom and dad move in with you, or expect you to pay for their rising healthcare or funeral costs.”
#BTC☀
#BTCReclaims101K
#MajorAirdropWatch
What Is a Cryptocurrency Airdrop?
A cryptocurrency airdrop is a marketing strategy that involves sending coins or tokens to wallet addresses. Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency. The ultimate goal of a crypto airdrop is to promote awareness and circulation of a new token or coin.
#BlumCrypto
What Is a Cryptocurrency Airdrop?
A cryptocurrency airdrop is a marketing strategy that involves sending coins or tokens to wallet addresses. Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency. The ultimate goal of a crypto airdrop is to promote awareness and circulation of a new token or coin.
#BlumCrypto
Bitcoin: Why $130K is realistic, yet uncertain for BTC
December began shrouded in skepticism, with many forecasting a major retrace following November’s historic sector growth. However, as Bitcoin [BTC] breaks the six-figure barrier, the narrative is beginning to shift.
Contrary to the optimism, the real psychological test is just starting. Having moved past the high-FUD zone, Bitcoin is poised for intense FOMO-driven inflows.
Yet, true volatility looms in Q1 next year, as macroeconomic shifts and a new administration challenge the rally’s resilience.
If Bitcoin maintains its ground, the bullish momentum could carry into 2025. However, given crypto’s history of defying mainstream expectations, it may be too early to anticipate a meteoric run toward price discovery.
A pragmatic look at Bitcoin’s past and present
Bitcoin has seen a daily increase of over 6%, which has pushed its price to a new all-time high of $103,900. This increase is attributed to strong buying momentum in both the spot and the perpetual markets.
Or a lack of selling pressure, suggesting that investors continue to ‘HODL,’ expecting an even greater boom cycle.
Initially, this momentum was built on ‘anticipation’ that lasted exactly 30 days, fueled by the Trump-pump, which pushed Bitcoin through this psychological barrier.
Now, Bitcoin’s greatest strength lies in its limited supply. With a capped supply and substantial interest from large investors, its potential seems limitless. However, the journey to realizing that potential won’t be a smooth one.
#2024WithBinance
December began shrouded in skepticism, with many forecasting a major retrace following November’s historic sector growth. However, as Bitcoin [BTC] breaks the six-figure barrier, the narrative is beginning to shift.
Contrary to the optimism, the real psychological test is just starting. Having moved past the high-FUD zone, Bitcoin is poised for intense FOMO-driven inflows.
Yet, true volatility looms in Q1 next year, as macroeconomic shifts and a new administration challenge the rally’s resilience.
If Bitcoin maintains its ground, the bullish momentum could carry into 2025. However, given crypto’s history of defying mainstream expectations, it may be too early to anticipate a meteoric run toward price discovery.
A pragmatic look at Bitcoin’s past and present
Bitcoin has seen a daily increase of over 6%, which has pushed its price to a new all-time high of $103,900. This increase is attributed to strong buying momentum in both the spot and the perpetual markets.
Or a lack of selling pressure, suggesting that investors continue to ‘HODL,’ expecting an even greater boom cycle.
Initially, this momentum was built on ‘anticipation’ that lasted exactly 30 days, fueled by the Trump-pump, which pushed Bitcoin through this psychological barrier.
Now, Bitcoin’s greatest strength lies in its limited supply. With a capped supply and substantial interest from large investors, its potential seems limitless. However, the journey to realizing that potential won’t be a smooth one.
#2024WithBinance
What’s next for Ethereum?
Ethereum’s future trajectory will depend on its ability to break through the critical $4,000 resistance level. If it manages this, a rally toward $4,500 could be in the cards, supported by strong whale and retail participation.
Additionally, Ethereum’s growing utility is evident in its expanding DeFi ecosystem and NFT market dominance, where sales on Ethereum-based platforms saw a significant increase recently, despite some market fluctuations.
However, risks remain. A broader crypto market correction, particularly if Bitcoin falls below $94,000, could stall ETH’s momentum.
$ETH
Ethereum’s future trajectory will depend on its ability to break through the critical $4,000 resistance level. If it manages this, a rally toward $4,500 could be in the cards, supported by strong whale and retail participation.
Additionally, Ethereum’s growing utility is evident in its expanding DeFi ecosystem and NFT market dominance, where sales on Ethereum-based platforms saw a significant increase recently, despite some market fluctuations.
However, risks remain. A broader crypto market correction, particularly if Bitcoin falls below $94,000, could stall ETH’s momentum.
$ETH
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