301.74K
1.14M
2024-06-05 08:00:00 ~ 2024-06-12 09:30:00
2024-06-13 04:00:00
Total supply42.00B
Resources
Introduction
Aethir is the only Enterprise-grade AI-focused GPU-as-a-service provider in the market. It’s a decentralized cloud computing infrastructure that allows GPU providers (containers) to meet Enterprise clients who need powerful H100’s chips for professional AI/ML tasks. Aethir also support cloud gaming clients with their virtual computing phones and GPU's with contracts with the world’s largest telecommunication company. Everything within Aethir ecosystem will be decentralized and community-owned.
After falling to $91,350, Bitcoin has sparked interest from buyers, maintaining its price. Discover Elyfe’s analysis to decode the technical outlook of BTC. Bitcoin (BTC) Price Situation After diving towards the support of $91,350, the price of Bitcoin benefited from buyer interest, allowing it to rebound and re-enter the $100,000 zone. Unfortunately, the cryptocurrency failed to break this threshold. Nevertheless, BTC has managed to hold above $95,000, demonstrating a strong buyer support. At the time of writing, Bitcoin is trading around $98,200. It is located under a significant value zone, encompassing its annual VWAP, situated at the same level as its monthly pivot point at $100,335. Although the short-term trend remains bearish, medium and long-term trends remain bullish. This observation is illustrated by the positioning of the 50 and 200-day moving averages, which are crossed and oriented upwards. On the bullish momentum side of Bitcoin, it has been revised downwards but now seems to be stabilizing, allowing for the possibility of an upcoming rebound. This is reflected in both its price and its oscillators. BTCUSD Daily Chart The current technical analysis has been conducted in collaboration with Elyfe , a cryptocurrency market investor and educator. Focus on Derivatives (BTC/USDT) The open interest and funding rate of the BTC/USDT perpetual contracts have recently been revised upwards, accompanying the appreciation of their underlying price. This reflects a strong buyer interest, influencing the direction of Bitcoin. The CVD analysis shows that it remains in a bearish trend, although it displays signs of stabilization. This suggests a predominance of sell orders, but with pressure gradually tending to ease. Liquidations have remained limited on both sides of the market since the last Bitcoin correction, with no significant movement for either buyers or sellers. This situation reflects a stable market, controlled volatility, and cautious risk management, indicating a certain balance. However, this state of stability cannot last indefinitely and deserves particular attention, as a rebound in volatility could occur soon. Bitcoin Open Interest / Liquidations / CVD & Funding rate The liquidation heatmap of BTC/USDT perpetual contracts shows that Bitcoin reached a significant liquidation zone below $96,000, before seeing its price rebound. This price level has thus attracted notable buyer interest. Currently, the most significant liquidation zones above the current BTC price are located between $100,000 and $104,000. Higher up, an even more marked zone appears between $106,500 and $111,000. In contrast, below the current price, the most important liquidation zones are first found below $95,000, with a more subtle area around $90,000. However, the most notable is around $88,000. If the price approaches these levels, it could trigger a large number of orders, thus increasing the risk of volatility for the cryptocurrency. Therefore, these zones represent crucial points of interest for investors. BTC Liquidation Heatmap Forecasts for Bitcoin (BTC) Price If Bitcoin can maintain above $94,000, a recovery could allow it to break past $100,335, thus paving the way towards $102,500. Breaking this threshold could then favor a return towards $106,000, and then towards its ATH of $109,354, representing an increase of around 12%. Conversely, if Bitcoin fails to hold above $94,000, it may find support around $92,200. A prolonged decline would then bring its price back towards the support of $90,000. Finally, breaking this level could lead to a further drop towards the $88,000 — $89,000 zone, or even down to $85,000, representing a decrease of approximately 13%. BTCUSDT chart by TradingView Conclusion Despite a correction phase, Bitcoin shows signs of stabilization and retains rebound potential. Buyers remain present, indicating a possible bullish recovery in upcoming movements. In this context, it will be essential to closely monitor price reactions at strategic levels to confirm or adjust current forecasts. Finally, let’s remember that these analyses are based solely on technical criteria, and the price of cryptocurrencies can evolve rapidly based on other more fundamental factors. Did you find this study interesting? Check out our latest analysis from February 6 .
The price of gold has jumped to a new ATH as adoption grows. With deep correlation in past market cycles, BTC may also be ready for a Gold-induced rally. Gold, often touted as the queen of precious metals, is booming, driven by strong demand. Despite the ongoing economic uncertainties, Gold hit a new All-Time High (ATH) during today’s morning trading session. Meanwhile, Bitcoin (BTC) has often shown a strong correlation with Gold in previous market cycles. As a result, investors are now wondering whether BTC will set new highs, following in Gold’s footsteps. Analysing Gold and Bitcoin’s Current Movement Gold began the week with a huge spike amid mounting trade tensions and economic uncertainty. The asset met its 2.2% gains from the previous week in just two days. Gold rose to as high as $2,942 per ounce before dropping to the current price of $2,907. On the contrary, Bitcoin is currently in a consolidation phase after dropping from its ATH attained on Inauguration Day. Since then, Bitcoin, popularly called digital gold, has traded between $91,000 and $105,000. Note that Bitcoin and Gold have shown a strong correlation over the years. However, the price of Bitcoin tends to grow at a larger scale than Gold. Previously, we explored that Gold rose 2.08% within a week to hit an ATH of $2,700. Following this uptrend, Bitcoin’s price increased by 11% within the same time frame. Recently, Analyst Daink highlighted an ongoing decoupling between Bitcoin and Gold. While the former has entered an accumulation phase, the latter has surged to unprecedented highs. However, the analyst suggested that Bitcoin may soon reverse this latest decoupling, citing historical trends. Image Source: Trader Daink on X Analyst Daink posted a chart that showed Bitcoin catching up with Gold’s surging prices. The chart highlights two scenarios in which Bitcoin has returned to a Gold correlation. Daink emphasized that whenever gold surges higher and pushes Bitcoin away, the cryptocurrency always plays catch-up with its movement. For instance, Gold broke out against Bitcoin to new highs during the 2022 crypto bear market. At the time, Bitcoin continued to consolidate at its lows following the FTX implosion . However, Bitcoin rose again in 2023, catching up with Gold’s trend. Considering past events, Daink speculates that Bitcoin would soon match Gold’s recent price outperformance. He did not, however, specify a timeline for the recoupling. Can Bitcoin Hit New ATHs? The historical correlation cited above suggests that Bitcoin may soon target new all-time highs. Aligning with Daink’s sentiments, market enthusiast Carbon speculated that Bitcoin would follow through with Gold. “Historically, Gold rips through ATH. Bitcoin follows a few months later,” says Carbon in an X post . While the analysis from Daink and Carbon did not predict Bitcoin’s target if it follows gold, earlier commentary suggests Bitcoin’s target before the end of 2025. As noted in our earlier post, Lark Davis predicted that Bitcoin could hit $300,000 by year-end, driven by adoption. JAN3 CEO Samson Mow also predicted that BTC could hit $1 million by 2025, as reviewed in our recent publication. Recommended for you: Buy Bitcoin Guide Bitcoin Wallet Tutorial Check 24-hour Bitcoin Price More Bitcoin News What is Bitcoin?
Cryptocurrency analysis firm Alphractal has shared its latest views on Bitcoin and altcoins, assessing whether an altcoin season is on the horizon. The Altcoin Seasonal Index recently fell to its lowest level since June 2023, signaling a prolonged period of poor altcoin performance over the past 60 days. Bitcoin dominance remains above 60%, according to the analytics firm, while altcoins have significantly underperformed. However, this could be an advantage for investors as many altcoins have seen a sharper decline than Bitcoin. XRP and LTC in particular have outperformed BTC in terms of overall performance, according to the analysts. Related News Where are the Critical Support and Resistance Levels for Bitcoin in the Latest Situation, Analysis Company Explained: "If This Point Is Broken, $91.000 May Come Up" According to the analytics company: A Bitcoin rally could spark rapid gains, especially in altcoins with strong communities, high trading volume, and low valuations relative to BTC. Historically, the Altcoin Season Index can remain in the Bitcoin Season zone for extended periods of time, meaning that a change may not occur immediately. Bitcoin’s yearly performance remains modest, lacking the bullish momentum seen in past market cycles. The 3-month performance is approaching negative territory, which historically indicates a period of sideways consolidation or decline. The Price Drop from ATH indicator points to a similar pattern to previous cycles. Further inactivity could undermine both its yearly and 3-month performance, as Bitcoin has not reached a new all-time high since January 21, 2025. Chart showing that the Alphactal metric is currently in the Bitcoin Season area. *This is not investment advice.
XRP has faced a significant challenge, experiencing a sharp 25% drop in price within just one week. Although it has made attempts at recovery, the altcoin has yet to fully regain investor confidence. The market sentiment remains cautious, and the responsibility for recovery now lies with a specific group of investors. XRP Has A Shot At Bouncing Back The weighted sentiment surrounding XRP remains predominantly pessimistic. Recent price action, including the failed attempt to form a new all-time high (ATH), has left investors feeling disheartened. The altcoin’s sharp decline in the past week has only deepened the skepticism, with many choosing to adopt a wait-and-see approach. However, if market conditions improve, there’s potential for a shift in sentiment. Should the weighted sentiment indicator move above the neutral line, it would mark a return of bullish sentiment for the first time in a month. Such a shift could encourage renewed interest from investors and trigger a positive price movement. XRP Weighted Sentiment. Source: Santiment The macro momentum of XRP is showing signs of stability, with the Mean Coin Age (MCA) indicator continuing to rise. This uptick signals that long-term holders (LTHs) are opting for HODL instead of selling during the downturn. LTHs are often considered the backbone of any asset, and their decision to hold plays a crucial role in stabilizing prices. Their actions indicate that, despite recent price challenges, they are confident in XRP’s long-term prospects. This behavior helps prevent further downside and offers the potential for a price recovery. As LTHs continue to hold their positions, they may help create a strong base for future upward momentum. XRP MCA. Source: Santiment XRP Price Prediction: Rising To The Next Barrier XRP is currently trading at $2.47, making efforts to recover from the recent 25% crash. Holding above the support level of $2.33, XRP is forming an ascending wedge, which suggests potential upward movement. The altcoin needs to maintain this support to continue its recovery trajectory. While the ascending wedge is a macro bearish pattern, the short-term outlook for XRP remains positive. A rise to $2.70 appears likely, and if the altcoin manages to break this resistance, it could rally toward $2.95. This price level represents a crucial test for XRP, determining whether the bullish trend can be sustained. XRP Price Analysis. Source: TradingView However, if bearish market conditions persist, XRP could fall back to the $2.33 support level. A loss of this support would invalidate the bullish outlook, pushing the price further down. This scenario would likely dampen investor sentiment and delay any potential recovery.
A total of 14 projects will be unlocked next week, of which BERA and ATH will unlock more than 10%. Berachain Project Twitter: https://berachain.com/ Project website: https://x.com/berachain Number of unlocked tokens this time: 14.02 million Amount unlocked this time: Approximately 87.33 million US dollars Berachain is a Layer 1 blockchain built on Cosmos SDK, compatible with EVM, and protected by the Proof of Liquidity (PoL) consensus mechanism. The Berachain token economy introduces the Bera network with a three-token system, which has the network gas token BERA, the ecological stablecoin HONEY, and the non-transferable Bera governance token BGT. All BERA unlocked this time is airdropped. The Berachain Foundation published a statement on X that the second part of the Berachain airdrop will be distributed to wallets on February 10: For the top X (10) yappers and Discord users (Berachain + Bong Bear NFT server): Identify yappers using engagement index from KaitoAI and Cookie 3 data. To see if you qualify, connect to the airdrop eligibility page via X and/or Discord. For recipients of the RFB program (applications and communities): Over 200 ecosystem projects and community members have received token rewards through the Foundation’s RFB program. dApps must use 70% of their allocation for future mainnet rewards and liquidity incentives. To claim, click the “For RFB Recipients” button on the official airdrop eligibility query website and register with the X account used for their RFB application. The specific release curve is as follows: Aethir Project Twitter: https://x.com/AethirCloud Project official website: https://www.aethir.com/ Number of tokens unlocked this time: 684 million Amount unlocked this time: Approximately 27.39 million US dollars Aethir is a decentralized enterprise-level cloud computing network that provides scalable, globally distributed GPU resources for AI, gaming, and Web3 infrastructure. It provides AI chips (such as NVIDIA H100 and NVIDIA H200) to enterprises through a decentralized architecture, making performance computing more flexible and cost-effective. ATH is basically unlocked linearly. This is a rare Cliff unlock. A total of 630 million pieces were unlocked in the Cliff part, worth about 24.6 million US dollars. The specific release curve is as follows: Sandbox Project Twitter: https://twitter.com/TheSandboxGame Project official website: https://www.sandbox.game/en/ Number of tokens unlocked this time: 205 million Amount unlocked this time: Approximately 15.45 million US dollars The Sandbox is a decentralized, community-driven gaming ecosystem where creators can share and tokenize voxel assets and gaming experiences on Ethereum. SAND is about to enter full circulation after its last unlocking. The unlocked tokens include 96.84 million tokens (US$38.11 million) for the company’s reserves, 71.25 million tokens (US$28.04 million) for the team, and 37.5 million tokens (US$14.76 million) for consultants. The specific release curve is as follows:
Bitcoin Could Drop to $81.000 Soon Analyst projects growth to US$260.000. Using Fibonacci and MACD in forecasting. A cryptocurrency analyst who made a name for himself by accurately predicting Bitcoin’s steep decline in May 2021 is now warning that the digital currency could soon face another significant drop in value. Known only as Dave the Wave, the strategist shared with his more than 147 followers on the social network X that Bitcoin could be following a similar pattern to the one seen last year. At the time, the cryptocurrency reached peaks close to $74.000 before retreating to values below $50.000. “Late March should see the worst of BTC’s consolidation based on this fractal… Those disappointed that they didn’t see a parabola right away should take solace in the technically excellent nature of the chart,” Dave stated. End of March should see the worst of the #btc consolidation based on this fractal.. Those disappointed not to have seen an immediate parabola should take solace in the technically superb nature of the chart.🧐 pic.twitter.com/waqcZoxg7g — dave the wave🌊🌓 (@davthewave) February 8, 2025 According to the trader's analysis of the chart, Bitcoin is expected to adjust to the 0,382 Fibonacci level, which corresponds to approximately US$81.000, following the price behavior patterns of the previous year. Tools such as the Fibonacci extension are commonly used by traders to identify possible buy and sell points, guided by the mathematical ratio known as the Fibonacci sequence. Despite a bearish short-term forecast, Dave the Wave maintains an optimistic outlook for Bitcoin’s future. Based on his logarithmic growth curve (LGC) model and the moving average convergence divergence (MACD) indicator, he projects that Bitcoin could reach the $260.000 mark by the end of the year. The LGC aims to anticipate the peaks and valleys of Bitcoin’s market cycle, minimizing the perception of short-term volatility, while the MACD is used to discern the direction of trends and identify potential reversal points. At the time of publication, the price of BTC was quoted at US$96.399,09, up 1% in the last 24 hours. Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Date: Sun, February 9, 2025 | 02:05 PM GMT The cryptocurrency market has been facing a continuous correction since the November rally, with major memecoins struggling to maintain momentum due to recent events like the Deepseek launch and tariff-related activities by Donald Trump, which fueled bearish sentiment. Dogecoin (DOGE), the top memecoin, has not been spared from this downturn. In the last 60 days, DOGE has dropped by over 38%, now trading around $0.25. The decline from its December 8 high of $0.48 marks a 48% correction, leading to speculation about DOGE’s upcoming move. Source: Coinmarketcap Historical Pattern Suggests a Rally Could Be Near According to crypto analyst Chandler , Dogecoin (DOGE) is currently mirroring its past price cycles, hinting at a potential massive rally. His Fibonacci-based analysis reveals a repeating pattern where DOGE undergoes extended accumulation phases, followed by explosive breakouts. Dogecoin (DOGE) Weekly Chart/Coinsprobe (Source: Tradingview) In previous cycles, DOGE formed a bottom, then moved through three key Fibonacci levels before hitting a new all-time high (ATH). The chart suggests DOGE has already reached the first higher high (0.236 level) and is now consolidating near the second (0.382 level). If history repeats, DOGE could be preparing for a breakout towards the 0.618 level, which previously led to parabolic runs. Key Fibonacci Levels Time Zones to Watch 0.236 Level ($0.23 – $0.26): DOGE is currently hovering around this zone, historically acting as a launchpad. 0.382 Level ($0.35 – $0.40): A breakout past this resistance could confirm bullish momentum. 0.618 Level ($0.70 – $0.75): If DOGE follows past cycles, this level may mark the start of a rapid surge. 3.618 Level ($2.50+): The ultimate Fibonacci extension, which marked DOGE’s peak in previous cycles. Analyst Chandler also shared his personal strategy based on Fibonacci Time Zones: “My plan is to hold $DOGE until at least the Fib Time Zone 0.236 (March 24th). History shows that a week or two after crossing is the best time to sell. After 0.382 (October 20th), the bear market begins.” Will Dogecoin Repeat Its Past Performance? While historical patterns suggest a bullish setup, external factors like Bitcoin’s price action and market sentiment will play a crucial role. With key time zones in play, traders are keeping a close eye on March 24th as a potential turning point. If history repeats, Dogecoin could see another explosive rally before a market-wide correction later in the year. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
TRON has formed a bullish double-bottom pattern after a decline, with a long lower wick indicating increasing buying pressure and the potential for a breakout. TRX skyrocketed by 104% on December 3rd, setting a new all-time high of $0.426 and pushing its market capitalization to a peak of $9.54 billion. TRON (TRX) , a decentralized blockchain-based operating system created by the Tron Foundation in 2017, aims to revolutionize the entertainment industry by enabling direct content sharing without intermediaries. Over the years, TRX has achieved significant milestones, including reaching its all-time high (ATH) of $0.449 on December 3, 2024. TRX’s price surge to its ATH occurred under unusual circumstances, coinciding with TRON founder Justin Sun’s acquisition of “Comedian,” an artwork by Italian artist Maurizio Cattelan, for a staggering $6.2 million. This high-profile purchase attracted significant media attention, further fueling speculation and interest in TRX. While this event did not directly impact TRX’s price, it highlighted Sun’s continuous efforts to keep TRON in the public eye. Price Decline and Market Adjustment Following its peak in December, TRX experienced a sharp decline, losing 45% of its value in less than a week. The sudden drop led to market instability, and as TRX attempted to recover, it formed a descending parallel channel, where the price gradually decreased over time. By February 3, 2025, TRX had hit a low of $0.221, testing the support line of the descending channel. However, a bullish hammer candlestick appeared, this is a key technical pattern often seen at the end of a downtrend. This pattern indicated that buyers were stepping in, suggesting a possible reversal and an upward price movement in the near future. Currently, TRX i s attempting to reclaim the midline of the parallel channel, a crucial level that often precedes a breakout. Several key technical indicators suggest a potential bullish reversal, this includes a double bottom pattern. For context, this pattern occurs when the price hits a low, rebounds, and then drops back to approximately the same low before bouncing again. The second low is significant because it demonstrates that bears failed to push the price lower, increasing the probability of an upward movement. Additional support for a potential breakout comes from bullish divergences observed in key indicators such as the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD). The RSI, which measures the speed and change of price movements, suggests growing buying momentum. Meanwhile, the MACD, a trend-following momentum indicator that tracks two moving averages, has also signaled a possible upward shift. If the anticipated breakout occurs, TRX could surge by 40% from its current price of $0.2289, reaching the $0.325–$0.355 range and providing traders with a potential opportunity for gains. However, the risk of new lows following a relief rally remains, making it crucial for investors to stay cautious. Despite the volatility, TRON continues to maintain a strong presence in the cryptocurrency market, with a market capitalization of approximately $19.7 billion. Recommended for you: Buy TRON (TRX) Guide TRON (TRX) Wallet Tutorial Check 24-hour TRON (TRX) Price More TRON (TRX) News What is TRON (TRX)?
Top cryptocurrencies like Chainlink (LINK) and Hedera (HBAR) have seen severe drops lately. On the other hand, FXGuys ($FXG) is attracting the attention of smart investors as it has surged by 400% in just a few months. However, the $FXG token price is still very low, and smart investors know it’s the best time to accumulate this high-potential altcoin. FXGuys is redefining the norms of both crypto investing and proprietary trading with a novel Trade2Earn model, funded accounts, and staking rewards. Read on to discover why $FXG could just be the best altcoin to buy right now before the next market rally! JOIN FXGUYS HERE FXGuys: The Prop Firm Revolutionizing Trading in 2025 The FX Guys prop firm is transforming the trading sector with its decentralized platform and creative Trader Development Ecosystem. Unlike conventional platforms, the FX Guys prop firm pays traders $FXG tokens for every trade, regardless of the outcome, through its Trade2Earn model. This unique approach increases trader activity and creates a steady demand for $FXG. Now valued at $6.7 billion, the proprietary trading market is predicted to grow at a 4.2% CAGR from 2021 to 2028. FXGuys is positioned perfectly to grab a big market share. The FXGuys prop firm gives seasoned traders a unique opportunity to access funded accounts with capital ranging from $200,000 to $500,000. Combining artificial intelligence-driven analytics, copy trading tools, and thorough training resources is helping FXGuys redefine the proprietary trading arena. Staking $FXG tokens will let investors secure a 20% APY and create a lucrative passive income stream. With simple access to over 100 local fiat and crypto payment options, FXGuys also offers a frictionless experience for all users. Why Chainlink Remains One of the Top Altcoins to Hold With its token price down by over 20% in the previous week and more than 15% over the past month, Chainlink has had a bearish few weeks. After ranging between $26.7 and $22.1, the LINK price fell to $17.3 following a bearish breakout. LINK swiftly recovered, though, surging back above $19.7 as bullish momentum resumed for Chainlink. Moreover, the community support for Chainlink remains strong, and positive technical indicators , including the MACD, Momentum Oscillator, and MAs, point to a possible rebound for LINK. That’s why Chainlink remains one of the top altcoins to hold. LINK is now 62% below its all-time high (ATH), $52.8. Yet, analysts think a retest of the ATH could occur later this year. Hence, Chainlink is one of the top altcoins to watch. Although Chainlink’s significant token price growth is still expected, $FXG has been attracting investors’ attention with phenomenal results. Unlike LINK, which has struggled to show significant increases over the past year, $FXG has shown itself as a high-growth alternative by yielding 400% returns in a few months. Hedera’s HBAR Gears Up For a Notable Comeback With the wider crypto market pulling back, Hedera has seen notable negative pressure. Over the past week, the HBAR price dropped about 22%. Signaling strong bearish momentum, Hedera has broken out from a key consolidation zone between $0.29 and $0.33 and is now trading at $0.24 . However, key technical indicators , like the MACD and Moving Averages, point to HBAR setting up for a rebound. Analysts are hopeful about a possible retest of Hedera’s all-time high (ATH) of $0.57 later this year despite the present drop. This supports HBAR’s rank as one of the top altcoins to hold. Hedera’s fundamentals are still excellent, but given its $9.24 billion market capitalization, HBAR’s growth potential may be slowed relative to smaller-cap alternatives. Here is where $FXG shines as a pleasing substitute for investors looking for phenomenal profits. With a smaller market capitalization, $FXG has lots of space for quick price rises. Early investors have already seen 400% profits in a few months, attesting to its explosive rate of growth. $FXG offers investors wishing to profit from a high-potential altcoin with much more upside possibility while HBAR negotiates its recovery. JOIN FXGUYS HERE $FXG: The Golden Ticket to Explosive Gains—Don’t Miss Out! The window to get $FXG at a discounted price is rapidly closing! While most altcoins struggle for momentum, $FXG is speeding forward after showing an incredible 400% price increase in just a few months. Recognizing this momentum helps investors to position themselves before the next significant price increase. Right now, $FXG is still in its presale phase. Investors can accumulate $FXG now before the debut on multiple exchanges. $FXG is now priced at just $0.05 in Stage 3 of the public presale. Meanwhile, the price of $FXG will rise to $0.06 in Stage 4. Demand is soaring as over $3.9 million has already been raised. Moreover, Stage 3 investors will quickly double their money when $FXG debuts on multiple exchanges at $0.10. Don’t wait until it’s too late; secure your $FXG tokens right now and ride the next major crypto wave! To find out more about FXGuys follow the links below: Presale | Website | Whitepaper | Socials | Audit
Key Points Bitcoin’s price drop of 11.28% from its ATH is affecting miners’ profitability. Miners may capitulate as their profit/loss sustainability enters an extremely underpaid zone. Bitcoin’s price has seen a significant drop, falling by around 11.28% from its all-time high (ATH) nearly three weeks ago. This decline has impacted not only short-term holders but also the profitability of miners. Miners’ Struggle This situation has left miners grappling to keep up with the market. Analysts have observed that miners are currently severely underpaid, risking potential capitulation. The profit-loss sustainability for Bitcoin miners has entered the extremely underpaid zone. Increasing Mining Difficulty This situation follows the April 2024 halving, which resulted in a rise in mining difficulty. Despite this, Bitcoin’s hash rate has continued to grow, indicating an increase in competition among miners. With Bitcoin’s continued decline, miners’ returns have been decreasing, while the realized mining cost remains relatively high. This market condition suggests that miners might start capitulating soon. Historically, when miner profit/loss profitability turns negative, it often triggers a mid-term positive price reaction. This reaction usually involves miners selling Bitcoin to cover costs. Miners Selling Heavily Currently, miners are selling heavily, with miner-to-exchange flows reaching record levels. This trend implies that more miners are transferring their BTC tokens to exchanges for selling. Operational difficulties have compelled miners to sell, and some might even be forced to capitulate temporarily. Potential Miner Capitulation With miners’ profitability dropping, it’s crucial to determine whether capitulation is imminent. The Puell multiple, a key metric, has remained above 1 since 13 January, indicating that miner revenue remains moderately healthy. As long as this remains above 1, miners are less likely to capitulate. Hence, the recent drop could be a healthy correction rather than a sign of weakness. What Lies Ahead? For Bitcoin miners to avoid capitulation, BTC’s price needs to recover to increase miner profit/loss. If the price continues to fall, miners’ capitulation could be next. Therefore, BTC must reclaim and hold above $100k for miners’ sustainability goals to be achieved. Tags: Bitcoin (BTC)
Vitalik Buterin rejects the “degen casino” model, reaffirming Ethereum’s commitment to long-term decentralization despite market struggles. Ethereum faces scrutiny over leadership and centralization, but Buterin defends reforms and decentralization across the broader ecosystem. Ethereum co-founder Vitalik Buterin has expressed frustration with the growing trend in the crypto market that positions the “degen casino” model as the most fitting market strategy for the sector. This rhetoric appeals to a small segment of users and is being criticized for undermining Ethereum’s vision and long-term goals. Buterin’s remarks come at a time when Ethereum faces criticism from various corners, including concerns about centralization within the Ethereum Foundation and the direction of the platform as a whole. In a recent post on X, Buterin criticized the current notion that the crypto market should respond to speculative, high-risk gambling models. However, some investors and members of the crypto community have argued that this “PvP KOL degen casino” approach is the ideal market fit for crypto despite its profitability for only a small percentage of users. Fighting consumes energy and brings people to the breaking point. This is part of the condition of life. Do I feel good when I hear people from crypto twitter and VC firms telling me that PvP KOL degen casino that's money-losing for >99% of its own users is the best product… — vitalik.eth (@VitalikButerin) February 6, 2025 Buterin rejected this opinion, labeling it “condescending and elitist,” and shared the emotional toll such comments have had on him. However, he affirmed his continued commitment to Ethereum’s long-term goals and vision. The Ethereum Foundation has recently faced scrutiny for its sale of large quantities of Ethereum. One of the most notable sales involved swapping 100 ETH for stablecoins, which raised questions about the Foundation’s decision-making process and its lack of transparency. Centralization Concerns and Calls for Leadership Change Despite the criticism, Buterin has remained firm in his stance, defending the Foundation’s actions and overall approach. He pushed back against calls for leadership changes and reiterated that the future of Ethereum remains decentralized, contrary to claims of centralization. As reported by CNF, criticism of the Ethereum Foundation has been growing regarding leadership and centralization concerns. A key point of debate is the leadership of Aya Miyaguchi, who has served as the Foundation’s executive director since 2018. Individuals have pointed to shortcomings within the Foundation under her leadership, with some calling for her resignation. However, Buterin has remained supportive of Miyaguchi and clarified that leadership decisions ultimately rest with him, for now. He also pointed to ongoing reforms within the Foundation aimed at building a more effective board and increasing technical expertise within leadership. Buterin emphasized that the reforms are necessary to guide Ethereum in the right direction despite the growing calls for change. We got some momentum here. With @AyaMiyagotchi resigning $ETH can reach ATH in 2 weeks. — CoinMamba (@coinmamba) January 19, 2025 As Ethereum continues to face internal and external challenges, the asset’s market performance has shown signs of strain. During the time of writing, Ethereum was trading at $2,734.52, reflecting a 3.62% decrease over the past 24 hours. This decline aligns with a broader downturn in Ethereum’s market capitalization, currently valued at $329.59 billion. Despite the price drop, Ethereum has seen a surge in its 24-hour trading volume, which increased by 7.33%, reaching $30.03 billion. Ethereum’s Long-Term Vision and Ecosystem Growth Despite Ethereum’s ongoing challenges, as pointed out by CNF, Buterin remains confident in its goals for decentralization. He pointed out that while the Ethereum Foundation plays a main role, it is just one piece of the broader Ethereum network. Buterin emphasized the importance of other organizations, like ConsenSys, in contributing to Ethereum’s overall growth and direction. Also pure evil. pic.twitter.com/dNArpY4Lan — vitalik.eth (@VitalikButerin) January 21, 2025 He suggested that Ethereum’s decentralized nature should not be limited to just the Foundation but extend across the entire ecosystem. The reforms underway aim to strengthen Ethereum’s technical foundations and further open space for collaboration across the broader community.
From beincrypto by Aaryamann Shrivastava Bitcoin has experienced significant price swings in the past 24 hours, briefly surpassing the $100,000 mark before retracing. The sudden drop reflects the ongoing market uncertainty, with traders reacting to short-term volatility . However, long-term stability appears to be taking shape, largely supported by mature investors holding onto their positions. Bitcoin has Taken A Different Approach The RHODL (Realized HODL) ratio since Bitcoin’s recent all-time high (ATH) sits at 23%. While new demand remains significant in this cycle, the wealth held in coins older than three months is much lower than in previous cycles. This suggests that new demand inflows have been occurring in bursts rather than in a sustained pattern. Unlike previous market cycles, which typically concluded one year after the first ATH break, the current cycle has taken an atypical trajectory. Bitcoin first reached a new ATH in March 2024, yet demand has yet to match the levels seen in past rallies. This deviation raises questions about how the rest of the cycle will unfold. RHODL Since ATH. Source: Glassnode Realized volatility on a three-month rolling window remains below 50% in this cycle. In contrast, past bull runs saw volatility levels exceeding 80% to 100%. This reduction in volatility suggests that Bitcoin’s price action is more structured, with mature investors contributing to a more stable market environment. The 2023-25 cycle has followed a stair-stepping pattern, with price rallies followed by consolidation periods. Unlike previous cycles characterized by extreme swings, Bitcoin’s current trajectory exhibits signs of gradual price increases. This trend supports a more controlled bull market, reducing the risk of extreme crashes. Bitcoin Realized Volatility. Source: Glassnode BTC Price Prediction: Holding Above A Crucial Support Although Bitcoin’s long-term outlook remains uncertain due to rising short-term volatility, the immediate forecast suggests vulnerability to correction. The cryptocurrency is trading close to key support levels, and further declines could lead to a deeper retracement. If Bitcoin loses the $95,869 support level, it may drop toward $93,625. While BTC holders have refrained from significant profit-taking, further losses could trigger a wave of selling. This scenario would put additional pressure on the price, extending Bitcoin’s correction. Bitcoin Price Analysis. Source: TradingView On the other hand, a bounce off $95,869 could enable Bitcoin to reclaim the $100,000 level. Successfully breaching this psychological barrier would invalidate the bearish outlook, potentially setting the stage for a renewed uptrend.
Bitcoin has experienced significant price swings in the past 24 hours, briefly surpassing the $100,000 mark before retracing. The sudden drop reflects the ongoing market uncertainty, with traders reacting to short-term volatility. However, long-term stability appears to be taking shape, largely supported by mature investors holding onto their positions. Bitcoin has Taken A Different Approach The RHODL (Realized HODL) ratio since Bitcoin’s recent all-time high (ATH) sits at 23%. While new demand remains significant in this cycle, the wealth held in coins older than three months is much lower than in previous cycles. This suggests that new demand inflows have been occurring in bursts rather than in a sustained pattern. Unlike previous market cycles, which typically concluded one year after the first ATH break, the current cycle has taken an atypical trajectory. Bitcoin first reached a new ATH in March 2024, yet demand has yet to match the levels seen in past rallies. This deviation raises questions about how the rest of the cycle will unfold. RHODL Since ATH. Source: Glassnode Realized volatility on a three-month rolling window remains below 50% in this cycle. In contrast, past bull runs saw volatility levels exceeding 80% to 100%. This reduction in volatility suggests that Bitcoin’s price action is more structured, with mature investors contributing to a more stable market environment. The 2023-25 cycle has followed a stair-stepping pattern, with price rallies followed by consolidation periods. Unlike previous cycles characterized by extreme swings, Bitcoin’s current trajectory exhibits signs of gradual price increases. This trend supports a more controlled bull market, reducing the risk of extreme crashes. Bitcoin Realized Volatility. Source: Glassnode BTC Price Prediction: Holding Above A Crucial Support Although Bitcoin’s long-term outlook remains uncertain due to rising short-term volatility, the immediate forecast suggests vulnerability to correction. The cryptocurrency is trading close to key support levels, and further declines could lead to a deeper retracement. If Bitcoin loses the $95,869 support level, it may drop toward $93,625. While BTC holders have refrained from significant profit-taking, further losses could trigger a wave of selling. This scenario would put additional pressure on the price, extending Bitcoin’s correction. Bitcoin Price Analysis. Source: TradingView On the other hand, a bounce off $95,869 could enable Bitcoin to reclaim the $100,000 level. Successfully breaching this psychological barrier would invalidate the bearish outlook, potentially setting the stage for a renewed uptrend.
Original Title: A New Mindset Original Source: Glassnode Original Translation: Baishui, Golden Finance Abstract · Bitcoin has evolved into a global asset with high liquidity, available around the clock. This creates conditions for investors to speculate, trade, and express macroeconomic views when traditional markets are closed. · Bitcoin continues to prove itself as an emerging store of value asset, with cumulative net inflows exceeding $850 billion. It also serves as a medium of exchange asset, processing nearly $9 billion in transactions daily. · Several indicators of new demand remain high, but they are far below the peaks of previous cycles. · The composition of digital asset investors is also changing, with a significant increase in more mature institutional investors in the Bitcoin space. This has led to a general decrease in drawdown magnitudes, with volatility compressing over time. Test Ground Since its inception in 2009, Bitcoin has evolved into a highly liquid global asset, remaining active for trading 24/7. Given that global events often occur outside traditional market trading hours, Bitcoin has become one of the few assets where investors can express views during weekends and similar times. Over the weekend, Bitcoin experienced a sharp decline as market participants reacted to the Trump administration's tariffs on Mexico, Canada, and China. With other markets closed, Bitcoin and other digital assets saw a steep drop followed by a recovery: · BTC's trading price fell from $104,000 to $93,000 (-10.5%) and then rebounded to $102,000. · ETH's trading price fell from $34,000 to $25,000 (-26.5%) and then rebounded to $28,000. · SOL's trading price fell from $236 to $184 (-22.0%) and then rebounded to $217. Bitcoin is now playing an increasingly important role on the world stage, with nation-states like Bhutan engaging in large-scale mining operations, El Salvador pushing for Bitcoin as legal tender, and the U.S. government considering the potential of Bitcoin as a strategic reserve asset. Bitcoin has recently surpassed the important psychological barrier of $100,000 for several weeks in a row, a feat many critics deemed impossible. Despite traditional investors' increasing acceptance of Bitcoin, for many, Bitcoin remains a controversial and polarizing topic, often based on dubious claims of lacking intrinsic value or utility. Nevertheless, Bitcoin has solidified its position as one of the world's largest assets, with a market capitalization of $2 trillion, ranking as the seventh-largest asset globally. It is worth noting that this places Bitcoin above silver ($1.8 trillion), Saudi Aramco ($1.8 trillion), and Meta ($1.7 trillion), making it increasingly hard to ignore. As the asset's valuation and weight reach such a significant scale, its inertia also increases. As a result, Bitcoin now requires a significant influx of new capital to sustain its market capitalization growth. To explore this idea, we can utilize the realized cap metric, which measures the cumulative net inflow of capital into a digital asset. If we take the cycle low point set in November 2022 as a reference, when the realized cap was $400 billion, Bitcoin has since absorbed approximately +$450 billion of additional capital inflows, more than doubling its realized cap. This reflects that the total value stored in Bitcoin is about $850 billion, with each token's pricing based on its last on-chain transaction price. While BTC is commonly seen as an emerging store of value asset, the Bitcoin network also serves as a decentralized rail for BTC as a medium of exchange. The combination of nodes and miners allows for cross-border settlement payments by any individual or entity without the need for interaction with a third-party intermediary. When utilizing Glassnode's entity-adjusted heuristic approach to filter transactions, over the past 365 days, the Bitcoin network has processed an average of $8.7 billion per day, with a total value transferred in the past year reaching $3.2 trillion. The actual settlement value and economic activity of the Bitcoin network provide empirical evidence that Bitcoin possesses both "value" and "utility," challenging critics' assumption that Bitcoin lacks both value and utility. Relative Dominance After determining the growing importance of Bitcoin as a macro asset, we can shift our focus internally and analyze its relative dominance within the broader digital asset ecosystem. Since the FTX collapse in November 2022, Bitcoin's dominance has been on a continuous upward trend, rising from 38% to 59%. This indicates that in the digital asset space, Bitcoin's net rotation and value accumulation take precedence over other assets. This may partly be attributed to the broader access provided by the U.S. spot ETF for institutional capital. As a scarce asset, Bitcoin's core narrative is also clearer, with many holding Bitcoin as a hedge against global fiat currency devaluation. When comparing the market capitalizations of Bitcoin and various altcoins (excluding Ethereum and stablecoins), we can see that the valuation gap is continuously widening. Anchoring ourselves back to the low point of 2022, we can compare the growth in market capitalization. · Bitcoin Market Cap: $363.0 billion > $1.93 trillion (5.3x) · Altcoin Market Cap: $190.0 billion > $892.0 billion (4.7x) While there is a difference in the valuation scale between Bitcoin and altcoins, the correlation between the two remains strong. This suggests that the reason for this difference is not the growth rate between the two but rather the significant disparity in capital entering Bitcoin versus the altcoin space. Although Bitcoin continues to receive the majority of capital from investors, it can be expected that Bitcoin's dominance will continue to rise (the reversal of this indicator is a signal of capital rotating in the other direction). Where is the New Demand? With BTC price breaking the $100,000 barrier, it is expected that Bitcoin's exposure will increase significantly. We can assess this by evaluating the percentage of network wealth held by tokens bought just under 3 months ago. The chart below shows the changes in this metric over the 12 months following a new cyclical ATH. While the new demand in this cycle is significant, the wealth held by 3-month-old tokens is much lower compared to previous cycles. This indicates that the scale of new demand inflow is not the same, appearing to be more sporadic and peak-oriented rather than sustained. Interestingly, all previous cycles have ended approximately a year after the first ATH breakout, highlighting the atypical nature of our current cycle, which saw its first new ATH in March 2024. If we separate out the transfer volume of small wallets (less than $10,000) and compare it to the peak levels in 2021, we can see a significant decline. Despite a substantial increase in overall settlement volume this cycle and a significant rise in Bitcoin's price, this trend persists. This suggests that the new demand for BTC is primarily driven by large entities rather than small retail entities. We can also utilize other datasets to support our argument. Despite many bullish factors surrounding the asset, search intensity has not reached the frenzied levels seen during the 2021 bull market. Evolution of the Investor Base While the structure of the Bitcoin protocol and consensus code is fundamentally fixed, the market's response to it is an evolving and dynamic process. The regulatory environment continues to change, and new financial instruments such as derivatives and ETF products continue to develop around it. As the Bitcoin ecosystem evolves, the composition of Bitcoin investors also continues to change, most notably in this cycle. When comparing the balance changes of smaller entities (holding <10 BTC), we observe a noticeable shift in behavior patterns in recent years. During the bull markets of 2013 and 2017, we could identify periods of significant token accumulation from these groups, often synonymous with "exuberant top buying." This pattern seems to have broken in this cycle, with smaller entities engaging in more intense accumulation during corrections and pullbacks, then transitioning to distribution as the market rebounds to new highs. This suggests that even within those typically seen as retail investor groups, there exists a more mature and well-educated cohort of investors. The launch of a US Spot Bitcoin ETF has also provided institutional investors with a new investment channel, offering them a regulated Bitcoin investment opportunity. This has facilitated potential institutional capital inflows, with the ETF seeing net inflows of over $40 billion and a total AUM surpassing $120 billion in the 12 months since its launch. By delving into the IBIT Investor Capital Table (as described by analyst TXMC), we can clearly see signs of increasing institutional investor demand. This further demonstrates that Bitcoin is attracting a more mature investor base. Controlled Downtrend One of the many advantages of on-chain data is that it can help us analyze investor behavior during periods of stress, such as pullbacks and downturns. When evaluating the actual loss magnitude locked in during a bull market, our current cycle remains the most conservative. The only significant event where Bitcoin holders suffered substantial losses was the yen carry trade unwinding on August 5th. Apart from this, the loss magnitude remains relatively small, indicating that the investor base is more patient, resilient, and less price-sensitive. This is in stark contrast to the previous cycle structure, where the 2015-2018 period featured multiple minor sell-off periods. The 2019-2022 period has been more turbulent, experiencing several deep and severe sell-off events, such as the mid-2019 PlusToken unwinding, the March 2020 COVID-19 sell-off, and the mid-2021 large-scale miner migration. Bitcoin's volatility regime is also in a state of flux, with the actual volatility at historic lows during the bull market. The actual volatility over a three-month rolling window in this cycle is typically below 50%, whereas in the previous two bull markets, the actual volatility often exceeded 80% to 100%. This reduction in volatility, coupled with a relatively composed investor base, manifests in a more stable price structure. So far, the 2023-2025 cycle has been essentially a series of staircase-like price movements (rises followed by consolidation periods). We have also seen more controlled retracement scenarios, with the current cycle experiencing the shallowest average retracement from local highs of all cycles to date. Summary Bitcoin continues to solidify its position as a global macro asset. It remains available for trading, allowing investors to express their market views at any time of the day, while its deep liquidity enables investors to execute large-scale transactions. Addressing criticisms regarding Bitcoin's role as a store of value and medium of exchange, the network has attracted over $850 billion in net capital inflows and processes nearly $9 billion in transaction volume daily. These figures largely dispel doubts about these claims. Recent regulatory changes in the digital asset ecosystem have prompted a shift in investor composition, leading to an increasing presence of mature institutional investors in the Bitcoin market. This cohort of investors, characterized by greater patience, resilience, and less price sensitivity, helps reduce drawdowns and lower volatility. Original Article Link
Bitget’s native token, BGB, has been the market’s top gainer over the past 24 hours. Its value has risen by 1% during that period, outperforming leading crypto assets, which continue to record losses. On-chain and technical indicators suggest that the price rally is fueled by rising demand for BGB. Hence, the token is poised to extend its gains in the short term. Bitget’s Soaring Demand Pushes Price Up Readings from BGB’s price chart highlight the buying pressure among market participants. For example, its Balance of Power (BoP) returns a positive value of 0.21 at press time, confirming the bullish bias toward the altcoin. BGB BoP. Source: TradingView An asset’s BoP measures the strength of its buyers against sellers by analyzing price movements within a given period. When the indicator’s value is positive, buyers are in control, signaling strong buying pressure and a potential continuation of the asset’s upward trend. Notably, according to on-chain data, the steady rise in BGB’s Relative Strength Index (RSI) confirms this accumulation trend. As of this writing, the key momentum metric is at 54.38 and in an uptrend. BGB RSI. Source: Santiment An asset’s RSI measures the speed and magnitude of its recent price changes to assess whether it is overbought or oversold. RSI value of 54.38 suggests that buying momentum is increasing but has not yet reached the overbought territory. This indicates room for further gains, with the potential for continued bullish movement if demand remains strong. BGB Price Analysis: A Break Above $7.80 Could Lead to ATH BGB currently exchanges hands at $6.73, trading below the crucial resistance formed at $7.80. Sustained demand for the altcoin could push BGB above this level and propel it toward its all-time high of $8.50. However, if buying pressure wanes and BGB distribution resumes among traders, it will shed its recent gains. In that case, its price could drop to find support at $5.97. BGB Price Analysis. Source: TradingView BGB’s price decline could extend to $4.42 if the bulls fail to defend this level.
The cryptocurrency market has been experiencing strong declines in recent days and the XRP has been following this trend, retracing almost 17% this week. Recently, an interesting chart pattern caught the attention of analysts: a possible double bottom forming on the XRP chart, suggesting a potential bullish reversal for Ripple's native cryptocurrency. A double bottom is a bullish chart pattern that suggests a possible trend reversal from bearish to bullish. It forms when the price of an asset reaches a bottom, bounces back, reaches a second bottom at approximately the same level as the first, and then bounces back again. Analyst Egrag Crypto noted in a recent technical analysis that XRP has a tendency to form double bottoms on multiple time frames. He suggests that the $1,63 level could be an interesting entry point for those looking to profit from this potential trend reversal. The analyst had initially predicted a significant increase in the price of XRP in February , based on Fibonacci projections. However, as March approaches, this prediction seems less likely. “XRP – Double Bottoms on the Horizon: I know the negative reaction is coming from the XRP Family, but let’s focus on the charts: #XRP has a tendency to form double bottoms on almost every timeframe. The $1,63 level could be a great entry point for double bottoms. I had initially projected February as the month for a wave 3 liftoff, targeting the $6,4 Fib of 1,618 and even potential double-digit territory. However, time is running out as March approaches.” wrote . Source: TradingView/Egrag Crypto The analyst expresses caution regarding the market, especially if Bitcoin (BTC) experiences a dip, which could negatively impact XRP. He also mentions the existence of a gap on the CME (Chicago Mercantile Exchange) between $77 and $80, which he believes will be filled before a major rally. At the moment, the analyst says he is not trading XRP, just waiting for opportunities. He mentions having a limit order at $1, a price he considers attractive for a significant purchase. “We could see another dip, especially if BTC drops in the market, it will pull the market down with it. The CME gap is not filled yet (77k-80k) and I think it will be filled before we see a big rally to the new ATH. I am not trading XRP at the moment — not buying or selling. I am just waiting. If it hits $1, I have a limit order ready that could change my kids’ lives. I know some will say, “This is crazy!, This is crazy, This is blasphemy”, but I am just sharing my plan. If we don’t hit at least $6,4 in February, you will know where to buy,” he added. At the time of publication, the price of XRP was quoted at US$2,54, up 3.2% in the last 24 hours. Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss. Tags: Cryptos XRP
Bitcoin’s recent surge in value has positioned it to create a bull market of unprecedented scale, as its realized cap surpasses the $850 billion milestone. This remarkable growth highlights Bitcoin’s increasing adoption, signaling a shift in market dynamics as investors look to capitalize on its potential. According to Glassnode’s latest analysis, “Both the Realized Cap, and the economic volumes settled by the Bitcoin network offer empirical evidence that Bitcoin both has ‘value’ and ‘utility’.” Bitcoin’s realized cap exceeds $850B, marking a significant milestone in its journey towards a new bull market, as capital inflows surge past $500B. Capital Inflows Drive Bitcoin’s Realized Cap to New Heights Bitcoin has seen unprecedented capital inflows, totaling nearly $500 billion since the lowest point of the 2022 bear market. These inflows have propelled its realized cap—defined by the price at which each coin last transacted— to unprecedented levels. As noted in the latest report from Glassnode, “If we benchmark from the cycle low set in Nov 2022, when the Realised Cap was $400B, Bitcoin has since absorbed an additional capital inflow of approximately +$450B, more than doubling the Realized Cap.” With the current realized cap now standing at around $850 billion, Bitcoin presents a compelling narrative of growth. Over the past year, the daily settlement volume has consistently hovered around $9 billion, culminating in over $3 trillion in transactions settled on the Bitcoin network. This strong performance counteracts criticisms regarding its utility and value, demonstrating Bitcoin’s evolving role in the financial ecosystem. Market Dynamics and Investor Behavior Shifts Examining the inflow trends sheds light on the atypical nature of the current Bitcoin cycle. Historically, price peaks have seen a surge in the wealth proportion held in coins that last transacted within the prior three months. Yet, the recent cycle deviates from this norm. “While new demand this cycle is meaningful, the wealth held in three-month-old coins is much lower than it was in previous cycles,” states Glassnode. This indicates that the demand is not consistent but occurs in spikes, which could reflect changing investor behavior in the crypto sphere. Understanding Bitcoin’s Atypical Bull Market Glassnode’s analysis points to the notion that the current bull market identity is “atypical.” Notably, all previous cycles concluded approximately one year after the initial all-time high (ATH) was established. This time, however, the first new ATH occurred in March 2024, suggesting that the trajectory of Bitcoin’s price may be on a different timeline. Retail investor sentiment also appears muted compared to previous cycles. Despite the appreciation in Bitcoin’s value, there seems to be a lack of widespread enthusiasm or “FOMO” among retail investors. Instead, larger institutions and entities are driving the majority of demand, as identified by Glassnode. Investor Insights and Market Resilience This evolving landscape presents critical insights for potential investors. The nature of current demand, which seems to be concentrated among larger entities rather than small retail investors, could signal a base strengthening in Bitcoin’s market fundamentals. Furthermore, ongoing analysis of Bitcoin’s Realized Cap HODL Waves reveals trends that warrant close attention for both short-term and long-term investors. The asset’s resilience in maintaining higher valuation levels amidst market fluctuations is notable. Conclusion In summary, Bitcoin’s realized cap crossing the $850 billion mark and the significant capital inflows signal a robust and unique bull market. The shift in investor demographics—from retail to institutional—coupled with altered demand patterns presents both opportunities and challenges ahead. Investors should remain vigilant and informed as the dynamics around Bitcoin continue to evolve. In Case You Missed It: Ethereum's Governance Challenges and DeFi Ventures: Examining Future Stability and Competition Concerns
MELANIA’s price dropped 91.21% from its ATH of $13.73 to its ATL of $1.35 after the initial hype faded. On-chain data shows a tug-of-war between bulls and bears, especially around the $1.58 support level. MELANIA’s 2025 price prediction ranges from $1 to $100, driven by the post-BTC halving market rally. Official Melania Meme (MELANIA) Overview Cryptocurrency Official Melania Meme Ticker MELANIA Current Price $1.76 Price Change (30D) -75.98% Price Change (1Y) N/A Market Cap $850.87 Million Circulating Supply 483.31 Million All-Time High $13.73 All-Time Low $1.35 Total Supply 999.99 Million What is the Official Melania Meme (MELANIA)? The Melania Meme (MELANIA) token took the crypto world by storm, reaching a $2 billion market cap shortly after launch. Built on Solana for fast transactions and low fees, MELANIA capitalized on the 2025 memecoin boom, fueled by humor, political symbolism, and viral social media trends. MELANIA is a politically themed memecoin inspired by the First Lady Melania Trump and serves as a digital collectible and medium for community-driven engagement. While it claims no political affiliation, its branding and timing, launched a day after the TRUMP token and before Donald Trump’s Presidential inauguration, cemented its appeal among politically aligned crypto traders. The Official Melania Meme is live! You can buy $MELANIA now. https://t.co/8FXvlMBhVf FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6 — MELANIA TRUMP (@MELANIATRUMP) January 19, 2025 The token’s 1 billion supply is allocated across public distribution, liquidity pools, community rewards, and a treasury. However, X Community Notes raised concerns over 89% of tokens allegedly controlled by a single wallet, raising centralization risks that could lead to price manipulation or sudden crashes. Three wallets aka 1 wallet owns 89% of the supply of MELANIA coin How is this no illegal? Who is investing in this? It is so risky, you can lose all your money in seconds The First Family has set up a meme coin to scam their followers. What do Trump supporters think of this? pic.twitter.com/N4Fs0JW7RH — Ukraine Battle Map (@ukraine_map) January 20, 2025 Despite these risks, MELANIA thrives on community interest, internet trends, and the influence of Melania and Donald Trump’s public presence. Its price action remains unpredictable, but if memecoin hype and political engagement persist, MELANIA could see another parabolic rally—or fade as a cautionary tale of memecoin volatility. Official Melania Meme Price History The MELANIA token has experienced a dramatic decline since its launch, with its price plummeting by 91.21% from its all-time high (ATH) to its all-time low of $1.35. This sharp drop reflects the waning hype that initially propelled the token, which gained traction as a politically themed memecoin tied to Melania Trump. According to the 4-hour chart analysis, MELANIA’s price trajectory has formed a clear bearish channel, indicating consistent selling pressure and a lack of sustained demand. The token’s all-time low (ATL) appears to be near or recently tested, placing it at a critical juncture where a rebound or further downside is possible. Source: TradingView As a memecoin, MELANIA relies heavily on community engagement, social media trends, and speculative interest rather than traditional fundamentals. The token faces a steep uphill battle, with its next major resistance level near $7.6585, representing the 50% Fibonacci retracement of its ATH. While a short-term bounce is possible if new buyers speculate on its low price or viral trends reignite interest, the bearish momentum will likely persist without substantial catalysts. MELANIA remains a highly volatile and speculative asset, and its future depends on whether it can regain the community-driven momentum that initially fueled its rise. Related: Animecoin Price Prediction 2025-35: Will It Hit $10 by 2035? MELANIA Faces Intense Battle Between Bulls and Bears The Open Interest (OI)-Weighted Funding Rate chart shows increased negative funding rates around February 3rd and 4th, indicating that short sellers dominated the market during these periods. The sharp dip in price from approximately $2.50 to $1.41 aligns with this sentiment, reflecting heavy bearish pressure. As a result, the funding rate fluctuation suggests traders are heavily polarized, with short positions outweighing longs as the price approaches critical support levels. However, the funding rate presently sits at 0.0313%, closely approaching the green region. This means the market sentiment might shift, potentially increasing bullish momentum as traders unwind their short positions. Source: CoinGlass The Exchange Liquidation Map also highlights cumulative liquidations that add more depth to the token’s precarious position. Long liquidations dominate, totaling $12.98 million, with a peak of $5.04 million at $1.58. This level represents a crucial support zone, as substantial leveraged long positions are concentrated there. Should this support level break, it could trigger liquidations of the $5.04 million, aggravating the downward pressure on the token’s price. Source: CoinGlass Conversely, short liquidations amounted to $10.78 million, with a notable peak at $1.77 of $6.12 million, indicating strong resistance around that level. This imbalance suggests that, while shorts have maintained an advantage recently, buyers at the $1.50–$1.60 range may seek to establish new positions, potentially creating short-term price stability. Yearly Highs and Lows of Official Melania Meme Year Official Melania Meme Price High Low 2025 $13.73 $1.35 Official Melania Meme Technical Analysis The MACD indicator on the four-hour chart shows a bullish crossover, with the MACD line at -0.0757 crossing above the signal line at -0.1281, suggesting upward momentum. This shift aligns with a potential recovery in MELANIA’s price as buyers attempt to defend the critical support level near its all-time low. The histogram has also transitioned from red to green, reinforcing that bearish pressure is waning and short-term bullish sentiment is building. Source: TradingView Similarly, the RSI (14) currently sits at 49.03, up from an oversold level of 18.08 on February 1st. This increase indicates improving relative strength and suggests that MELANIA is recovering from its recent downward trajectory. However, with the RSI still below the neutral 50 mark, the token has yet to demonstrate strong bullish confirmation. Consequently, the price risks reverting to the downside if bullish momentum weakens. Official Melania Meme (MELANIA) Price Forecast Based on Fair Value Gap The chart reveals two significant Fair Value Gaps (FVGs) key to understand MELANIA’s potential price movements. The first FVG, between $7.40 and $5.64, represents an imbalance caused by a rapid sell-off where price action failed to fill orders adequately. This gap will likely be a magnet for price recovery if bullish sentiment returns, as such zones typically attract liquidity. Source: TradingView Notably, the FVGs upper boundary is near the 50% Fibonacci retracement level ($7.6585), making this area a critical target for upward movement. Besides, the second FVG, between $8.69 and $8.16, represents a more extended imbalance left during the token’s sharp decline from its all-time high. This zone, lying further up within the bearish channel, would require a stronger bullish push to reach and fill. For the price to approach this FVG, MELANIA would first need to reclaim the lower FVG, breaking above the current resistance zones near $3.00. Official Melania Meme (MELANIA) Price Forecast Based on MA Ribbon Analysis The Moving Average (MA) Ribbon on the chart reflects a mild-bearish trend for the MELANIA token. This is evident in the shorter-term moving averages, such as the 20-period MA at $1.5657, which trade below the mid-term moving averages, like the 50-period MA at $1.9177. This alignment indicates a mild downward momentum as the price hovers below these key dynamic levels. Source: TradingView However, the token’s current price sits marginally above the 20-period MA, suggesting a short-term attempt to regain momentum. Regardless, the steep slope of the ribbon, particularly in the mid-term moving averages, underscores the prevailing bearish sentiment. For any meaningful recovery to occur, the price must break and sustain above the bearish channel, which could eventually challenge the 50-period MA. Failure to achieve this likely reinforces the bearish narrative, pushing the token toward critical support at its all-time low. Official Melania Meme (MELANIA) Price Forecast Based on Fib Analysis The token currently trades at $1.6674, hovering near its all-time low around the $1 mark. According to Fibonacci levels, the retracement zones indicate that any recovery must first target the 78.6% Fib level at $3.985, representing a modest reversal from the bearish trend. Breaking this level would signal initial bullish momentum and pave the way toward the 61.8% level at $6.143. Source: TradingView The 50% retracement level at $7.6585 is a key psychological and technical zone, aligning with previous resistance levels. Historically, the 50% level often marks a vital reversal zone, where bearish pressure could resurface if the price fails to break through decisively. Beyond this, the 38.2% Fib level at $9.174 is a crucial threshold for a more substantial recovery. Not to be left out, the 23.6% level at $11.049 serves as a deeper retracement level where heavy resistance is expected, requiring significant buying pressure to overcome. Finally, a full retracement to the 0% level would mark a return to the all-time high. However, such a move would require completely reversing the current bearish trend and strong catalysts to drive renewed interest. Related: Aave Price Prediction 2025-35: Will It Hit $5,000 by 2035? Official Melania Meme (MELANIA) Price Prediction 2025 According to CryptoTale, MELANIA could hit $1-$100 during the post-BTC halving rally, supported by memecoin hype and market expansion. However, excessive speculation might lead to a correction by year-end as euphoria wanes. Official Melania Meme (MELANIA) Price Prediction 2026 CryptoTale predicts MELANIA may drop to $25-$60 as the market enters a recession phase. Reduced investor interest and declining sentiment around memecoins could lower prices, testing its previous support levels. Official Melania Meme (MELANIA) Price Prediction 2027 MELANIA could range between $40-$95 in this recovery year as the crypto market stabilizes. Investor optimism ahead of the 2028 BTC halving may create modest upward momentum, although high volatility is expected due to lingering bearish sentiment. Official Melania Meme (MELANIA) Price Prediction 2028 Driven by BTC halving optimism, MELANIA might rally to $80-$250, according to CryptoTale. Renewed interest in memecoins and increased trading activity could push prices higher, driven by speculative momentum and community involvement. Official Melania Meme (MELANIA) Price Prediction 2029 Post-halving euphoria could drive MELANIA’s price between $150 and $400, surpassing former highs due to speculative hype. However, excessive valuations might trigger a sharp correction as market participants take profits and speculative interest subsides later in the year. Official Melania Meme (MELANIA) Price Prediction 2030 CryptoTale suggests MELANIA could fall to $100-$300 during the market recession phase. Reduced trading volumes and overall market contraction could keep prices within a limited range. Official Melania Meme (MELANIA) Price Prediction 2031 During the depression phase, MELANIA could drop to $60-$200, with reduced trading volume and fading hype around politically themed tokens. Nonetheless, optimism from the upcoming BTC halving may stabilize the price by year-end. Official Melania Meme (MELANIA) Price Prediction 2032 Driven by the sixth halving anticipation, MELANIA could rebound to $200-$500, supported by broader market recovery and increased speculative activity. Moreover, improved sentiment and renewed engagement with the token’s community may contribute to its gradual price increase. Official Melania Meme (MELANIA) Price Prediction 2033 In the post-halving rally, MELANIA might peak between $350-$700, fueled by speculative enthusiasm and renewed interest in memecoins. However, a correction phase may follow, pulling prices back to it support levels as market hype subsides amid profit-taking and market stabilization. Official Melania Meme (MELANIA) Price Prediction 2034 During the recession phase, MELANIA may trade between $300-$500 as market interest in hypothetical assets wanes. The token’s price might stabilize near its lower range, sustained by limited but consistent community-driven engagement. Official Melania Meme (MELANIA) Price Prediction 2035 CryptoTale forecasts MELANIA could revisit the $350-$700 range as the market recovers from the prior recession. Increased blockchain advancements and a stabilizing crypto ecosystem may provide renewed optimism, with the potential for further gains if community support persists. FAQs What is MELANIA? MELANIA is a memecoin inspired by Melania Trump, leveraging humor, political symbolism, and community-driven engagement during the 2025 memecoin boom. How can I purchase MELANIA? MELANIA can be purchased on Solana-based exchanges. Use a secure wallet to store your tokens after purchase. Is investing in MELANIA a wise decision? MELANIA is speculative and volatile. Consider risks like centralization and reliance on community hype before investing. What’s the best way to securely store MELANIA? Store MELANIA in a non-custodial wallet like Phantom or Solflare. Back up private keys securely. Who is the founder of MELANIA? MELANIA’s founders remain anonymous but are associated with themes inspired by Melania Trump. Which year was MELANIA launched? MELANIA launched on January 19, 2025, before Donald Trump’s second inauguration. What is MELANIA’s circulating supply? MELANIA has a circulating supply of 483.31 million tokens out of 1 billion. Will MELANIA surpass its all-time high? MELANIA could surpass its all-time high by 2025 and reach a peak of $100. What is MELANIA’s lowest price? MELANIA’s all-time low is $1.35. What will the price of MELANIA be in 2025? MELANIA may trade between $1-$100, supported by memecoin hype and market expansion. What will the price of MELANIA be in 2028? MELANIA could reach $80-$250, driven by BTC halving and community engagement. What will the price of MELANIA be in 2030? MELANIA may trade between $100-$300 during the market recession phase. What will the price of MELANIA be in 2032? MELANIA could recover to $200-$500, fueled by BTC-halving optimism and community interest. What will the price of MELANIA be in 2035? MELANIA may revisit $350-$700, supported by blockchain advancements and market recovery. The post Official Melania Meme Price Prediction 2025-35: Will It Hit $100 by 2025? appeared first on Cryptotale.
OM has experienced an impressive 70% rise in the past ten days, breaking out of a two-month-long consolidation phase. The altcoin recently posted a new all-time high (ATH) at $6.29, reflecting strong bullish momentum. However, some signs suggest that the continued rise might face challenges in the near future. MANTRA Holders Are Booking Profits The recent surge in OM’s price has been met with increased activity from long-term holders (LTHs). The “Age Consumed” metric has spiked, indicating that long-term holders are starting to sell their positions. LTHs are often seen as an asset’s backbone, and selling them can signal a shift in market sentiment. As these investors book profits, it suggests that the rally may take a breather and that the price might face some resistance in the short term. The fact that LTHs are cashing out could indicate that the current price level is considered attractive enough for these holders to secure their gains. While this behavior is typical in a strong uptrend, it also suggests that the rally may not be sustainable without renewed buying pressure from new investors or retail traders. OM Age Consumed. Source: Santiment OM’s adoption rate, which tracks the percentage of new addresses making their first transaction, is not seeing a significant spike. This lack of momentum could indicate that the altcoin isn’t gaining as much traction in the market compared to other coins. A higher adoption rate usually signifies growing interest and confidence in an asset. Without it, OM may face difficulty sustaining its current price levels. The relatively flat adoption rate suggests that the rally could be driven more by speculative trading than by fundamental growth. For a sustained upward movement, the altcoin would need to attract more long-term interest from new users and investors. The absence of a significant adoption spike may pose a challenge to OM’s long-term bullish outlook. OM Adoption Rate. Source: IntoTheBlock OM Price Prediction: Continuing The ATH Rally OM’s price has surged by 70% over the last ten days, reaching $5.98. It recently formed a new ATH at $6.29, confirming the strong upward momentum. The price action indicates that OM has broken out of its consolidation phase and could see further gains, but potential resistance looms. While continued growth is possible, the aforementioned factors suggest that sustaining the recent price increase may prove difficult. However, maintaining $6.00 as a support floor could keep the ATH rally intact, potentially pushing OM toward $7.00. If the market sentiment remains positive, the altcoin could continue its upward trajectory. OM Price Analysis. Source: TradingView On the flip side, a reversal in market sentiment could lead OM to lose key support levels. If the price falls below $6.00, it could test the support at $4.27, and further declines might bring the price down to $3.47, invalidating the bullish thesis and erasing the recent gains.
The crypto market enjoyed a sharp recovery on Feb. 4, with Bitcoin surging past the $102K mark after experiencing a sharp drop the day before. Bitcoin ( BTC ) climbed above $102 after hitting a low of approximately $91,229 the day before following the announcement of major tariff hikes by the U.S. President Donald Trump. Renowned crypto market analyst Michael van de Poppe noted on X that Bitcoin’s quick rebound was expected due to market volatility. He said that a new ATH is likely in Feb. on the condition that Bitcoin stays above $93,000 level. https://twitter.com/CryptoMichNL/status/1886680087451545736 Bitcoin’s drop on Feb. 3 was triggered by market fears surrounding Trump’s decision to impose 25% tariff hikes on Canada, Mexico, and China, raising concerns over a potential trade war. However, the Feb. 4 rebound came as a result of Trump’s subsequent move to temporarily halt the tariff hikes on Canada and Mexico after phone calls with the Mexican President and Canadian Prime Minister. Another likely driver of Bitcoin’s recovery was the massive liquidation of speculative bets on Feb. 3. This event marked the worst single-day liquidation in history, surpassing even the collapses of Terra (LUNA) and FTX, according to crypto analyst Miles Deutscher . As short sellers scrambled to cover their losses, a surge of buying pressure fueled Bitcoin’s upward momentum, pushing its value even higher. https://twitter.com/milesdeutscher/status/1886255840161870019 Finally, the signing of a new executive order by the U.S. President directing the creation of a sovereign wealth fund , which will be spearheaded by the U.S. Treasury and Commerce Departments, might have fueled further interest in Bitcoin. https://twitter.com/JoeConsorti/status/1886480388979351615
Delivery scenarios