THE LATEST CRYPTO NEWS

Bitcoin’s price has gradually increased, climbing from $96,000 to nearly $97,000 as of today. Although still shy of the coveted $100,000 mark, the leading cryptocurrency shows signs of resilience. This recovery is unfolding against the backdrop of mixed market signals, prompting analysts to weigh the potential for continued bullish momentum versus the risk of a near-term pullback. Related Reading: Bitcoin Faces Persistent Resistance at $100K, Analyst Eyes Next Step Bitcoin’s Market Momentum at a Crossroads One recent analysis from Onchain Edge, a contributor to CryptoQuant’s QuickTake platform, highlights Bitcoin’s current “critical decision zone.” Using two key indicators—the Taker Buy/Sell Ratio and the MVRV Ratio—Onchain Edge’s findings suggest a market that is not yet overvalued, though caution flags remain. While the overall on-chain data leans more positive, the contrasting signals highlight the precarious position of Bitcoin’s current rally. From a bullish perspective, the MVRV Ratio—an indicator that compares Bitcoin’s market value to its realized value—stands at 2.21, well below the levels that typically signal market tops (3.5–4.0). This suggests that Bitcoin’s current valuation is not overstretched, leaving room for further upside. Moreover, other indicators such as the Puell Multiple reinforce the notion that Bitcoin has not yet reached overbought conditions. According to the CryptoQuant analyst, if these macro indicators hold steady and buyers return in force, Bitcoin could continue its upward trajectory, potentially reclaiming six-figure territory before any substantial correction sets in. Possible Bearish Signals on the Horizon Despite these promising signs, the Taker Buy/Sell Ratio, which gauges market sentiment by comparing aggressive buy and sell orders, stands at 0.96—below the 0.98 threshold often associated with bullish strength. Onchain Edge reveals that historically, levels around this range have preceded market corrections, as was the case during peaks in March and November of 2021. Should Bitcoin fail to break above resistance, this ratio could hint at a short-term top. A sustained failure to climb past current levels may trigger a temporary pullback, providing a cooling-off period before any subsequent rally. As Bitcoin hovers near this pivotal price point, the market remains finely balanced between cautious optimism and potential downside risk. Onchain Edge concludes that maintaining a level above $95,000, combined with a resurgence in buying activity, could pave the way for a move to new highs. Related Reading: Bitcoin Meets Fiscal Reality: Fidelity’s Timmer Predicts What’s Next Conversely, a decline below critical support might lead to a healthy correction before the market regains upward momentum. While the bull cycle appears intact, the coming days may determine whether Bitcoin’s current rally has enough fuel to continue, or if a pause is on the horizon. Featured image created with DALL-E, Chart from TradingView

Ethereum (ETH) has failed to break from a key level, retracing 4% as most of the market bleeds. Some analysts believe that ETH’s next leg up won’t come in a few months, as the second-largest cryptocurrency could move sideways until May. Related Reading: Bitcoin’s Final Dip Before $273,000? A Market Veteran Thinks So Ethereum To Continue Sideways Move? On Monday, Ethereum swan against the current and registered a 6.3% surge toward the $2,850 support zone, momentarily breaking out of a symmetrical triangle pattern where it has been consolidating for the past 15 days. The cryptocurrency attempted to reclaim the $2,700-$2,800 level but failed to hold the zone in the following hours. On Tuesday, ETH’s short-lived party ended, sending the King of Altcoins on a 4% pullback toward the $2,605 mark. Crypto analyst Ali Martinez noted that Ethereum needed to hold the $2,600 support, a crucial level for the cryptocurrency, to continue within its multi-year ascending channel. To the analyst, failing to hold this level could hinder the long-awaited Altcoin season. Moreover, failing to hold this level could see ETH dropping to the $2,400 mark, as the current level doesn’t have significant demand. According to Martinez, the $2,425 level remains the most critical support zone for the cryptocurrency, as 10.33 million wallets accumulated 63.43 million ETH. Amid its most recent performance, market watcher DocXBT considers that Ethereum needs a re-accumulation period to attempt to reclaim higher levels. The analyst stated, “It needs an extended period of re-accumulation,” as the ones seen during the FTX collapse, 2023’s capitulation, and summer 2024’s capitulation. To DocXBT, “There’s nothing for ETH to do except go sideways for an extended period of time.” He added that it could continue hovering within its current range for two to three months “before we can bring trends down, flip them, and maybe get bullish again.” ETH’s $4,000 Breakout Just ‘A Matter Of Time’ Crypto trader Mikybull pointed out ETH’s bullish pattern in the longer timeframes. Ethereum has been in an ascending triangle since 2022, which suggests it could have a “massive breakout” once the upper resistance, around the $4,000 mark, is broken. The trader asserted that a “longer consolidation leads to a sustainable rally.” Similarly, analyst Ted Pillows stated that Ethereum is holding its uptrend support level, which suggests that the $4,000 breakout is just “a matter of time,” which could lead to a retest of the 2021 all-time high (ATH). The analyst pointed out the sentiment shift toward the Solana memecoin ecosystem, suggesting that rotation to Ethereum is about to happen. “Memecoins chains are dying, and people are flocking to utility chains,” he affirmed on X. Related Reading: SUI Bearish Grip Tightens As Price Eyes $2.8 Retest Amid Market Pressure Other analysts have recently signaled the potential rotation from SOL to ETH, arguing that the SOL/ETH trading pair has topped after the recent events in the Solana network. The most recent incident saw capital rotate toward Ethereum for the first time in a while and suggests the “ETH season” could be near. At the time of writing, Ethereum trades at $2,631, a 1% retrace in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum’s recent price performance indicates a departure from the negative trends that are seen in the broader cryptocurrency market. While assets such as Bitcoin have faced downward pressure, Ethereum managed a slight positive move yesterday, pushing its market value back above $2,700. Amid this price move, questions have been raised about whether the asset might be quietly building momentum for a sudden rally. Related Reading: Ethereum Forms A Bullish Pattern – Expert Reveals Short-Term Price Target Quiet Moves Behind The Scenes Santiment, a well-regarded market intelligence platform has recently highlighted this price performance from ETH on X, noting that Ethereum has outpaced many altcoins at the start of the week. This performance as reported by Santiment may be attributed to the ongoing trend of ETH moving from exchanges into cold wallets at an accelerating rate. In fact, only 6.38% of the available supply remains on exchanges, the lowest figure since Ethereum’s inception, according to Santiment. Santiment also revealed that renewed interest from the ETH community appears to be another factor behind this momentum. ???? Ethereum has shown mild signs of a rebound, currently back up to a market value of $2,745 and outpacing most altcoins to start the week. From a long-term perspective, ETH continues to move off of exchanges and into cold wallets at a shocking pace, with just 6.38% of the… pic.twitter.com/4MTJgpOLDT — Santiment (@santimentfeed) February 17, 2025 Having underperformed compared to other large-cap assets throughout 2024, Ethereum is now drawing attention as market participants begin anticipating a rebound when broader market conditions improve. Santiment’s analysis points to these movements as early indicators that Ethereum may be positioned for more sustained growth in the coming months. A Potential Upside for Ethereum and Altcoins Looking ahead, various market analysts have shared optimistic outlooks for Ethereum’s performance. Javon Marks, for example, sees ETH emerging from a lengthy consolidation phase. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum According to Marks, the asset could potentially recover over 72% from its current levels, returning to its all-time high zones. Such a move might also spark significant bullish momentum for other altcoins, further enhancing Ethereum’s role as an altcoin market leader. Coming out of what may have only been a massive bottoming/consolidation, $ETH could be setting up here for an over +72.1% surge in a recovery back to its ATH areas! Ethereum could still have a major upside coming, and this could also aid alts into significant bull moves as well. https://t.co/yKb13rWh99 pic.twitter.com/6fLTjolHQ0 — JAVON⚡️MARKS (@JavonTM1) February 17, 2025 Another perspective comes from crypto analyst Ali, who identified a crucial support level at $2,425. This level is noteworthy as it represents the accumulation zone for 10.33 million wallets holding a total of 62.43 million ETH. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price performance in recent weeks has maintained a sluggish movement, with the cryptocurrency now hovering near the $97,000 mark. Despite the 3% decline over the past two weeks, Bitcoin remains within a consolidation phase following its January all-time high above $109,000. As the asset lingers in this range, discussions around the ongoing halving cycle and its potential impact on future price movements have gained momentum. One noteworthy perspective comes from CryptoQuant analyst Oinonen, who recently shared insights into Bitcoin’s current standing relative to past halving cycles. Related Reading: Bitcoin’s Realized Cap Hits Record High—Is a Major Bull Run Brewing? Institutional Activity and Market Signals In a detailed analysis titled “Comparing Post-Halving Performance,” Oinonen pointed out that Bitcoin’s price has only risen 63% since the most recent halving in April 2024. This contrasts sharply with the 686% surge seen in the halving cycle of 2020-2021. While the power-law model and the principle of diminishing returns suggest more subdued gains over time, the relatively modest appreciation since the last halving indicates that the current cycle may still be in progress, leaving room for further upside. Oinonen also highlighted the role of institutional players in shaping Bitcoin’s price outlook. Notably, Strategy (formerly MicroStrategy) continues to be an influential market participant. In early 2025, the company increased its Bitcoin holdings by 7,633 BTC, bringing its total to roughly 478,740 units. According to Oinonen, Strategy’s ongoing acquisition strategy is a key indicator of institutional demand. Historically, these purchases have been pro-cyclical, suggesting that continued accumulation could signal a positive trajectory for Bitcoin’s spot price. Conversely, a slowdown in institutional buying could reflect a weaker market sentiment. Long-Term Outlook Amid Unfinished Halving Cycle Looking ahead, Oinonen anticipates a mixed market environment. Short-term challenges, such as a potential “sell in May” effect and a stagnant summer, may give way to stronger performance in the fourth quarter. The analyst reveals that this seasonal pattern has played out repeatedly in previous years, often resulting in elevated price levels by year’s end. However, the possibility of a more significant correction—spanning several months or even a year—remains on the table, particularly if macroeconomic events, such as geopolitical resolutions, shift market dynamics. Overall, the current halving cycle, by Oinonen’s analysis, appears incomplete. The moderate gains since April 2024 reflect a market that has yet to fully capitalize on the reduced issuance rate. Related Reading: Bitcoin STH Realized Profit Reveals Strong Support Level – Time For A Breakout? As such, the notion that Bitcoin’s bull run might still have legs is underpinned by historical trends and the presence of institutional players like Strategy. The interplay between reduced supply and continued demand sets the stage for potential upward movements, even as near-term volatility persists. Featured image created with DALL-E, Chart from TradingView

Solana (SOL) recently lost its key support zone amid the controversial Libra (LIBRA) token launch and crash. The cryptocurrency has dropped over 12% in the last three days and some analysts suggest it risks a deeper correction to monthly lows. Related Reading: Cardano Price Eyes Impulse Move After Bearish RSI Divergence Was Invalidated, Here’s The Target LIBRA Token Crashes Solana’s Party The Solana network has been the talk of the town this cycle due to the memecoin frenzy, as it has been the go-to chain for these projects. The cryptocurrency has also been one of the leading tokens over the last year, outperforming most altcoins in 2024. Since 2025 started, SOL has shown strength despite the repeated market retraces, holding above key levels, quickly bouncing back, and even hitting its latest all-time high (ATH) of $295 nearly a month ago. Nonetheless, the most recent controversial launch of a Solana-based token has sent SOL’s price into a three-day pullback. On Friday, the Viva La Libertad project was announced alongside the Libra token, receiving the endorsement of Argentina’s President Javier Milei. The project aimed to “encourage Argentina’s economic growth by funding small businesses and startups” and surged to a $4.5 billion market capitalization following the president’s X post. However, it crashed 94% after the team wallets and insiders sold over $100 million worth of LIBRA at the token’s peak, resulting in President Milei’s distancing from the project. After the Libra crash, market sentiment shifted, with some community members expressing exhaustion from the numerous memecoin scams launched in the Solana network during the cycle. As a result, SOL’s price dropped to $190 and hovered within this range until Sunday. As more details of the Libra project came out, Solana dropped another 7.8% to the $180 support zone, sending the price to its lowest valuation in two weeks. Solana Loses $180 Support On Monday morning, the cryptocurrency briefly recovered to the $187 level but was rejected from the nearly one-month downtrend resistance line, as trader Crypto Rand noted. To the investor, there is a “Key squeeze over the main $180 support.” Crypto analyst Ali Martinez highlighted that Solana remained within its key range. The $180 to $190 crucial zone holds the post-election breakout level and has been a significant bounce range for the cryptocurrency over the past four months. Nonetheless, SOL fell below its key support zone after President Milei retweeted a post about the Libra token on Monday afternoon. The X post explained the steps to invest in the cryptocurrency, briefly sending LIBRA 60% up before retracing 42% after Milei undid his retweet. Since then, Solana has hovered between the $175 to $178 price range, a 6.6 retrace in the daily timeframe. Is The SOL Season Over? Amid SOL’s recent price action, some analysts have pointed out its chart against Ethereum (ETH). According to Daan Crypto Trades, SOL/ETH will be “an interesting chart to watch for the next few weeks.” The trader explained that SOL interest peaked a month ago when the TRUMP memecoin was launched. The series of “scams, rugs, and grifts” during the weak market has destroyed the “on-chain/meme ecosystem,” which had fueled Solana’s “strong tun-up to that point.” Daan argues that “capital [is] rotating from SOL to ETH for the first in a while,” which could see the SOL/ETH trading pair retesting the 2021 ATH level at 0.058. This level has been “pretty influential this cycle” and was a key bounce point in Q4 2024. Related Reading: Bitcoin’s Big Breakout? Fed’s “Not QE, QE” Just Flipped The Switch Meanwhile, Michaël van de Poppe considered the valuation of SOL/ETH has topped after a “massive wick created a massive bearish divergence and valuations start to drop.” As a result, “ETH season starts over SOL season” and rotation from Solana towards Ethereum has started. The analysts compared the memecoin frenzy to 2020’s DeFi surge, concluding that the SOL “memecoin fiesta has been an inner-circle money printer for a small group, and everybody knows about it now.” Featured Image from Unsplash.com, Chart from TradingView.com

After a steady decline, Toncoin (TON) has seen a slight price increase over the past day, rising by 1.7% to $3.85. This movement comes amidst ongoing discussions about its longer-term performance and accumulation trends. According to an analysis by CryptoQuant analyst Shiven Moodley, there are indications that TON holders are positioning for a potential rebound. Moodley’s observations, which are detailed in a recent post on CryptoQuant’s QuickTake platform, suggest that the asset may be entering an accumulation phase despite its recent downward trajectory. Related Reading: Analyst Says Toncoin (TON) May Be Primed for Major Recovery—Here’s Why Toncoin Shows Signs of Accumulation Moodley points to several metrics as evidence. The 180-day Sharpe Ratio, a measure of risk-adjusted returns, signals a period of accumulation. This is further supported by stable TVL (Total Value Locked) in lending protocols and a noticeable reduction in speculative trading activity. Notably, the asset’s volatility has declined since the price spikes in December 2024 and February 2025. If this trend persists, it could imply that selling pressure is diminishing, potentially paving the way for a future rebound. Key on-chain indicators also paint a picture of potential opportunity. The Normalized Risk Metric (NRM), which evaluates TON’s valuation relative to historical moving averages, highlights accumulation at a price level of $3.82. Additionally, record lows in the Long-Term NRM suggest that longer-term holders are increasingly accumulating TON at these levels. Historically, similar setups have preceded market recoveries, giving investors a reason to believe that a medium-term price reversal may be on the horizon. Moodley wrote: It remains to be seen whether TON’s price action can stage a full recovery. However, long-term accumulation traders are best positioned to benefit from macro policy changes that could shift sentiment in the broader crypto market. The conditions could align for a potential rebound with selling pressure fading and risk metrics signalling a low-risk environment. On-Chain Metrics Hint at Long-Term Opportunity Another metric Moodley pointed out is the Risk Exposure Ratio—which tracks leveraged positions within TON’s DeFi ecosystem—it has recently reached a new high, exceeding 0.24 in early 2025. This suggests a growing influence of leveraged activity. However, if the ratio begins to decline, it could indicate a stabilization in market conditions, potentially leading to more stable price movements. Furthermore, the Probability of Spend metric shows that coins older than 400 days are unlikely to move, indicating strong conviction among long-term holders. This trend has historically correlated with phases of accumulation and recovery. As Moodley notes, short- to medium-term holders appear to be exiting their positions, likely contributing to the recent price weakness. Meanwhile, long-term holders remain consistent, suggesting a belief in the asset’s long-term potential. Related Reading: Toncoin (TON) Investors Sitting On 54% Profit Despite Price Plunge If selling pressure continues to ease and risk metrics improve, TON could be setting the stage for a more favorable market environment. In this scenario, long-term investors may be well-positioned to benefit from potential macroeconomic shifts that could ultimately boost Toncoin’s value. Featured image created with DALL-E, Chart from TradingView

After dropping below $100,000 earlier this month, Bitcoin has faced sluggish price movement with little upward momentum. Over the past week, the asset has just ranged below this six-digit mark with its price now hovering above $96,000 as of today. This sideways movement reflects a lack of significant momentum and has left many traders questioning what might spark the next major move. Related Reading: Bitcoin’s Bull Cycle: Analyst Says The Upside Isn’t Over Yet Late Longs Liquidated: The Impact Despite the lack of a breakthrough, Bitcoin’s price behavior continues to attract the attention of market analysts. One such expert is Amr Taha, a contributor to CryptoQuant’s QuickTake platform. Taha’s recent analysis in a post titled: “Late Buyer’s Liquidation Events Happened 3 Times Under 98K,” sheds light on a notable pattern of liquidations among long positions. His insights offer a deeper understanding of how market dynamics can shift following these liquidation events. Taha describes “late longs” as traders who enter the market after a substantial price increase, often motivated by fear of missing out (FOMO). These positions tend to be highly leveraged, making them more vulnerable to even minor price corrections. According to Taha, late longs often emerge near local price peaks, and their presence can destabilize the market. The analyst points out that when these positions are liquidated, it serves a dual purpose. Firstly, it reduces the market’s open interest, helping to flush out excess leverage and restore a more balanced trading environment. Secondly, these liquidation events can present opportunities for experienced traders. By stepping in after forced selling, savvy market participants can potentially secure better entry points and position themselves for the next upward price movement. Bitcoin Market Performance Bitcoin has seen quite a bullish performance in the past day increasing by 1.3% in price to currently trade at $96,725, at the time of writing. However, on a broader scale, the asset still appears to be somewhat bearish with its weekly and monthly price performance in red. Interestingly, despite the uptick in BTC’s price today, its daily trading volume as of today remains lower than that of last week. Last Friday, BTC’s daily trading volume stood above $50 billion however, as of today this metric has dropped to $24.7 billion. Related Reading: Bitcoin’s Realized Cap Hits Record High—Is a Major Bull Run Brewing? Meanwhile, a crypto analyst known as Javon Marks has revealed that based on some bullish indicators emerging on BTC’s price chart, a “bullish result” is imminent. Bull-Flag Breakout HOLDING ????! Bullish Results looking imminent, on multiple metrics.$BTC pic.twitter.com/9IRnzX71P8 — JAVON⚡️MARKS (@JavonTM1) February 14, 2025 Featured image created with DALL-E, Chart from TradingView

Bitcoin has shown some resilience after weeks of consistent price declines, recording a slight upward move in the past day. However, the recovery has not been sufficient to reverse the prevailing bearish sentiment, with the cryptocurrency still trading below the key psychological level of $100,000. Notably, according to a recent insight shared by a CryptoQuant analyst known as Crypto Dan, this latest uptick from Bitcoin might just be an early sign of stabilization. Related Reading: Bitcoin On The Brink Of A Massive Short Squeeze, Expert Warns Market Indicators Show Room for Growth In Crypto Dan’s latest analysis titled “Crypto Market – The Bull Cycle Isn’t Over Yet,” Dan discussed several indicators suggesting that the current market phase still has room for growth. Notably, he highlighted that Bitcoin’s valuation metrics remain below historical overvaluation levels, and other market conditions point to potential upside in the longer term. According to Dan, the MVRV (Market Value to Realized Value) ratio, a metric that measures whether Bitcoin is overvalued or undervalued relative to its historical performance, remains well below the peaks seen in prior bull cycles. This indicates that Bitcoin might still have substantial upward potential. #Bitcoin $BTC momentum has shifted, signaling a possible trend reversal! pic.twitter.com/vfxoJaIfkT — Ali (@ali_charts) February 13, 2025 Dan also noted that certain hallmark signs of a market top—such as a surge in new capital inflows typically associated with altcoin season—have yet to materialize, suggesting that the bull cycle may still be in progress. In addition, Dan pointed to recent macro-level developments, such as the approval of spot ETFs and the early stages of pro-Bitcoin policies under former President Trump’s administration. These factors, he argued, could help boost confidence in the cryptocurrency market, providing the foundation for a sustained recovery. Bitcoin Market Performance Bitcoin is currently trading for $95,999, at the time of writing following a drop of nearly 10% in the past two weeks. Although the asset has managed to see a slight uptick of 1% in the past day, it remains below the $100,000 price mark. At current market prices, BTC is roughly an 11.5% decrease away from its all-time high (ATH) above $109,000 recorded in January. Interestingly, despite the decline in BTC, its daily trading volume has seen an opposite trend. Particularly, over the past few days, this metric was able to see a noticeable surge increase from below $25 billion as of February 9 to now sitting above $37 billion, as of today. Related Reading: Bitcoin Funding Rate Turns Neutral On Top Exchanges: What Happened Last Time Aside from Dan’s BTC MVRV ratio’s bullish indication, other analysts have shared their technical perspective on Bitcoin disclosing that a major rally is on the horizon. Featured image created with DALL-E, Chart from TradingView

Bitcoin has faced persistent challenges in recent weeks, struggling to maintain a stable upward momentum. After recently slipping below $100,000, the cryptocurrency now hovers around the $95,000 mark, causing uncertainty among investors. Despite these setbacks, some analysts see signs that the market’s bull cycle may still have room to run. CryptoQuant contributor MAC_D recently examined the current state of Bitcoin’s realized market capitalization, offering insights into what might lie ahead for the asset. Related Reading: Bitcoin’s Struggle Below $100K: Could These Market Signals Trigger the Next Rally? Bitcoin Realized Cap as a Bullish Indicator According to Mac’s analysis, Bitcoin’s realized market capitalization—calculated by summing the value of each Bitcoin based on its last recorded transaction price—has reached an all-time high, surpassing $857 billion. This increase occurred even as Bitcoin’s price experienced a downturn. Traditionally, a rising realized cap indicates that coins are being sold by long-term holders and absorbed by new investors. This redistribution cycle often reflects a healthy, ongoing bull market rather than the end of one. Mac noted that the proportion of long-term holders who have held Bitcoin for more than six months currently stands at 39.74%, compared to 15.66% during the previous market peak. This higher percentage suggests that long-term holders remain active, and the market has yet to reach its zenith. While the data indicates that the bull cycle continues, external factors such as trade tensions and inflation could still influence short-term corrections. However, Mac believes these macroeconomic elements won’t derail the market’s long-term upward trajectory. The analyst wrote: The increase in realized market cap and the decrease in long-term holder ratio indicate that the market is still in a bull cycle. However, investors should also consider macroeconomic factors such as trade tensions and inflation. While these factors may lead to short-term corrections and periods of price stability, the long-term upward trend is expected to persist. Retail Activity Shows Signs of Revival In addition to realized cap metrics, other market indicators also suggest potential positive developments. Another CryptoQuant analyst, caueconomy, highlighted retail investor behavior as a key factor to watch. While retail demand for Bitcoin has been muted over the past month—declining by just 2% compared to a steeper 20% drop in January—there are signs that this normalization period is ending. Historically, increases in retail activity have coincided with improved market sentiment and short-term price rallies. If retail participation resumes, it could strengthen Bitcoin’s market structure and contribute to a broader recovery. Although Bitcoin’s current consolidation phase has tempered its recent performance, these underlying metrics provide some optimism for investors. Related Reading: Bitcoin OTC Balances Decline, Raising Market Supply Questions The data suggests that both long-term and retail participants remain engaged, setting the stage for potential growth once the market regains momentum. Featured image created with DALL-E, Chart from TradingView

 Binance founder Changpeng Zhao, also known as “CZ,” has taken the crypto market by storm after sharing his dog’s name and picture. The announcement sparked the launch of multiple tokens inspired by the pet and was further fueled by BNB Chain’s memecoin launchpad’s name-guessing contest. Related Reading: BNB Flips Solana’s Market Cap Amid Market Retrace – Breakout To $700 Coming? CZ Sparks Memecoin Frenzy On Wednesday, Changpeng Zhao acknowledged the cycle’s memecoin frenzy after an X user asked if he had a dog. The Binance founder revealed he had “not a Shiba Inu, but a Belgian Malinois,” which resulted in the crypto community asking for the name and picture of his dog. CZ inquired about how it would work if he shared the information, asking if people would create memecoins based on the dog, how investors would know which one is the “official” token, and if it even mattered. He joked he would mull whether to “respect his privacy, or dox the dog for the cause,” sparking massive speculation about an official memecoin launch. On Thursday, CZ shared on X that he would officially share his dog’s picture and name at 8:00 PM Dubai time, or 4:00 PM UTC, sending investors into a frenzy over the upcoming post. Community members launched several tokens with the possible names of CZ’s four-legged companion, some reaching up to $60 million in market capitalization. Arkham noted that the two frontrunner tokens on the BNB chain, BROWNIE, and PERRY, significantly surged on Thursday morning. Remarkably, an investor made over $1 million with less than a $12,000 initial in 12 hours. Four.Meme Kicks-Off Token Event BNB Chain’s token launchpad, Four.Meme joined the frenzy, announcing a “CZ Dog Name Meme Token Betting Event.” According to the X post, the tokens with the same then-unknown name of CZ’s dog would be part of a competition. The tokens created today before 4:00 PM UTC would be eligible to participate and “become the next big meme.” The announcement detailed: 30 minutes after CZ’s post, the highest market cap token on Four.Meme wins! The winner’s token will have its tokens in LP revenue regularly burned by Four.Meme! At 4:12 UTC, the Binance founder shared a picture with his dog, Broccoli. The dog was named after the vegetable because he wanted “a name that started with B and has some green in it.” CZ wrote that he and Broccoli bonded over their difficulty socializing, adding that the dog helped him get a “good break” from the “intense negotiations with the DOJ back then.” He also stated that he never imagined his pet would be part of the blockchain ecosystem, adding that there’s “never a dull day in crypto.” Broccoli Immortalized In The Blockchain CZ clarified that he was “just posting” his dog’s pictures and name and not issuing a memecoin himself. He considered it was up to the community whether to launch a token. The BNB foundation “may provide rewards for the top memes on the BNB Chain, giving LP support or other rewards,” but the details are still being discussed. After the “Pet reveal,” the tokens guessing Broccoli’s name plummeted, with the leading memecoin falling from a $22 million market cap to less than $1 million in less than a minute. Related Reading: Bitcoin Finds Price Stability: Reclaiming $101,000 Depends On This Level Meanwhile, the creation of memecoins inspired by CZ pet’s real name spiked, with several BNB Chain and Solana-based tokens flooding DexScreener’s feed. At the time of writing, CZ’s Dog (BROCCOLI), launched a minute after Zhao’s post, has become the largest gainer. The memecoin reached a $300 million market capitalization minutes after being created and is currently trading at $0.0745, with a $75 million market cap. The winning token of the Four.Meme contest is yet to be announced. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price action amid the broader crypto market bearish sentiment over recent weeks hasn’t been any different from the performance recorded in the past months. Over this period, Ethereum’s price has struggled to gain significant upward momentum, remaining in a prolonged consolidation phase. Amid this, a recent analysis by CryptoQuant contributor MAC_D has shed light on Ethereum’s current state and factors that may influence its future price trajectory. The analysis notes that Ethereum’s “ultrasound money” narrative—an idea tied to its post-Merge deflationary tokenomics—has faced challenges. Total supply has reached record highs, and the staking ratio has decreased by 1% since November. However, despite these supply-side hurdles, several demand-side factors suggest Ethereum might be positioned for long-term growth. Related Reading: Ethereum Outflows On Derivative Exchanges Hit Record Lows: What It Means for ETH Undervaluation, Holder Behavior, and Institutional Interest One other key insight from the analysis is that Ethereum appears undervalued based on its realized price. The realized price reflects the average acquisition cost of ETH holdings across all wallets, currently sitting at approximately $2,200. With the current market price around $2,600, the analyst calculates a market value to realized value (MVRV) ratio slightly above 1, indicating that ETH remains undervalued relative to historical norms. This level could act as a strong support base, potentially limiting further downside. Another factor supporting Ethereum’s potential upside is the behavior of long-term holders. The analysis highlights an increasing number of addresses that accumulate Ethereum without selling, akin to Bitcoin’s “permanent holders.” Although some larger investors have sold during recent downturns, their positions have been absorbed by these long-term holders, helping stabilize the market. This trend suggests that Ethereum’s investor base is maturing, with a growing segment committed to holding the asset through market volatility. Ethereum: A Major Rebound On The Horizon? Furthermore, the analyst points out that selling pressure in the futures market has eased. Data shows a notable reduction in market price trading volume on the sell side since Ethereum’s price near $4,000 in November last year. This decline in selling activity, even as prices fell, signals a relative influx of buying power, which could set the stage for a recovery if market conditions improve. Institutional participation is another encouraging factor. Major players, including BlackRock, Cumberland, and other prominent firms, have reportedly accumulated substantial amounts of ETH during the recent downturn. For example, BlackRock is said to have purchased over 100,000 ETH, valued at more than $270 million. Such significant institutional inflows not only boost demand but also lend credibility to Ethereum’s long-term investment thesis. Despite these positive indicators, the analysis acknowledges lingering challenges. The increase in total supply and the slight dip in the staking ratio could weigh on sentiment, particularly if macroeconomic conditions remain uncertain. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Moreover, Ethereum’s price movement may remain constrained in the short term as the broader market digests ongoing economic shifts. However, the combination of undervaluation, strong long-term holder participation, reduced selling pressure, and institutional accumulation paints a more optimistic medium- to long-term outlook. While Ethereum may continue to trade sideways in the near term, the factors outlined in the analysis suggest that it could be well-positioned for growth once broader market conditions stabilize. Featured image created with DALL-E, Chart from TradingView

Analysts say the price surge indicates that investor confidence has strengthened as they digest macroeconomic factors.

Toncoin (TON), which once saw significant hype leading to consistent new highs, has struggled to regain upward momentum. After a series of steady declines in the past week, the asset’s price has now slipped below the $4 mark, leaving investors concerned about its near-term potential. This prolonged downtrend has caused speculation about whether TON might be approaching a crucial turning point that could result in a major reversal in price. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound TON’s NMR Hits Rock Bottom: A Golden Opportunity for Investors? Amid the bearish trend, Joao Wedson, a contributor on CryptoQuant’s QuickTake Platform, recently highlighted some intriguing insights. In a recent post, titled “TON Reaches NMR Lows: A Signal for Medium- to Long-Term Accumulation,” Wedson explained that the Normalized Metric Risk (NMR) for TON has hit its lowest levels yet. This indicator assesses the asset’s valuation by comparing its current price against weighted moving averages, including 50-day and 374-day averages. By factoring in logarithmic differences and time-weighted adjustments, the NMR offers a deeper perspective on TON’s market standing. Wedson’s analysis suggests that TON’s current low valuation phase could present a potential opportunity for investors. According to his findings, the NMR’s historic low levels indicate that the token might be undervalued. TON Reaches NMR Lows: A Signal for Medium to Long-Term Accumulation “This indicator, which evaluates the relationship between the current price and weighted moving averages… reveals that the TON token is in a historically low valuation phase.” – By @joao_wedson pic.twitter.com/P8ckhnSFck — CryptoQuant.com (@cryptoquant_com) February 11, 2025 For those who adopt a medium- to long-term investment horizon, this may be an opportune moment to begin accumulating TON, with the expectation that its price will appreciate over time. However, it’s worth noting that such a strategy is not without risks. While historically low valuation metrics may hint at future growth, the broader market conditions and TON’s overall adoption will play critical roles in determining whether this approach pays off. Toncoin Price Performance And Outlook Meanwhile, Toncoin is currently trading at $3.78—this market price marks not only a 1.1% decline for Toncoin in the past 24 hours but also adds to the prolonged bearish trend in TON in recent weeks marking a 22.5% drop in TON price over the past two weeks. Notably, so far, TON has fallen roughly 54% from its all-time high of $8.25 registered in January last year. Interestingly, despite this bearishness, another CryptoQuant analyst known as Darkfost has highlighted a bullish indicator for TON. Related Reading: Toncoin Stabilizes Above $5: Is Now The Time To Buy TON? According to Darkfost, TON’s risk appetite has soared, “signaling an influx of liquidity into the TON ecosystem.” ???? Risk Appetite Soars Among $TON Speculators ???? We are currently witnessing a historic high in risky investments, such as derivatives, options, and lending, on TonCoin. This suggests that speculative investors have increased their risk exposure to TON following the recent… pic.twitter.com/HCQ1va4VOV — Darkfost (@Darkfost_Coc) February 11, 2025   Featured image created with DALL-E, Chart from TradingView

Bitcoin has experienced a challenging period recently, with its price consistently declining over the past several days. After failing to maintain its position above the six-figure mark, the leading cryptocurrency now trades below $97,000. At the time of writing, BTC trades at a price of $96,939, marking a 0.8% decline in the past day and a 10.9% decrease from its peak established in January. This downturn comes amid several underlying factors that are also related to on-chain developments. Related Reading: Bitcoin’s Exchange Reserves Plunge—Are We On The Brink Of A Rebound? Bitcoin OTC Balances Decline: The Implications One notable trend has been recently highlighted by CryptoQuant contributor Darkfost, concerning the sharp decline in Bitcoin’s over-the-counter (OTC) desk balance. Notably, institutional players—such as hedge funds, governments, and large corporations—have traditionally relied on OTC desks to acquire Bitcoin without impacting the broader market. However, Darkfost points out that since September 2021, the OTC balance has dropped from approximately 480,000 BTC to just 146,000 BTC as of now. Bitcoin OTC Desk balance is declining sharply “In September 2021 the OTC desk balance was around 480k BTC and today it sits at 146k BTC left.” – By @Darkfost_Coc Read more ????https://t.co/RCNlSeauDT pic.twitter.com/S0P2jLu8ta — CryptoQuant.com (@cryptoquant_com) February 10, 2025 He notes that even after Bitcoin hit $100,000, the OTC desk balance continued to fall, reflecting steady demand. This declining balance raises questions about where these institutional buyers will source Bitcoin when the remaining OTC supply is depleted. The analyst added: When this balance will be fully empty, all buying will have to occur directly on exchanges, which could significantly impact BTC’s price. By looking at the sell side liquidity inventory, we can observe that US exchanges currently hold almost 1M BTC. Miners could also sell their BTC via OTC, but their current balance is around 117k BTC, and not all miners rely on OTC transactions. Miners and Hash Rate Trends Darkfost also highlights another key market factor: miner capitulation. Mining activity, measured through indicators like the Hash Ribbons, provides valuable insight into the health of Bitcoin’s network. The Hash Ribbons track hash rate fluctuations, and according to Darkfost, they have historically served as a reliable signal of market entry points. While this indicator has only failed once—during the COVID-19 market shock—its current flashing suggests that miners might be capitulating. According to Darkfost, when miners struggle, they may sell off reserves, further influencing market supply and demand dynamics. Miners are capitulating! “This indicator consistently highlights optimal entry zones, both for mid-term positioning and long-term accumulation. Each time Hash Ribbons has flashed in the past, a Bitcoin rally has followed.” – By @Darkfost_Coc Link ????https://t.co/s0mwgeKiOc pic.twitter.com/Xxuwx4HyRz — CryptoQuant.com (@cryptoquant_com) February 11, 2025 Featured image created with DALL-E, Chart from TradingView

Bitcoin is now experiencing a break from last week’s steady decline, which saw the asset drop as low as $94,000. As of today, BTC’s price has steadily climbed, hovering above $97,000 at the time of writing—a 1.3% gain in the past day. Amid this Bitcoin price performance, a CryptoQuant analyst known as Crypto Lion has identified a meaningful decline in leverage and open interest (OI) ratios since November 21, following the presidential election. What does this indicate for the Bitcoin market? Related Reading: Could Fear Fuel Bitcoin’s Comeback? Analyst Spots a Surprising Pattern Leverage Ratio Decrease And Its Implications In a recent QuickTake post titled “Leverage ratio decreased. Risk Off,” Crypto Lion explained that the leverage ratio of Bitcoin has fallen, along with the derivatives buy-sell ratio and the OI-to-market-cap ratio. This suggests a gradual unwinding of leverage as more Bitcoin leaves centralized exchanges (CEXs). The analyst also highlighted that much of this Bitcoin has shifted to Coinbase Prime or been used to back exchange-traded funds (ETFs), indicating a shift toward long-term holding and possibly a broader “risk-off” stance among large investors. The analyst particularly wrote: The large decrease in the leverage ratio means that OI is decreasing relative to the CEX BTC reserve. It is important to note that the CEX reserve has been declining for a long time and has been moved to the coinbase prime and bought to back ETFs. This means that risk-off may be more advanced than it appears. Bitcoin Exchange Outflows Reach 2022 Levels Adding to this narrative, another CryptoQuant analyst, Papi, reported a significant development in Bitcoin’s exchange dynamics. According to Papi, the largest net outflow of Bitcoin from exchanges since 2022 occurred last week, reducing the supply of Bitcoin on these platforms by 3%. The last time outflows reached a comparable scale was shortly after the collapse of FTX, a major exchange event that reshaped market sentiment. This latest exodus of Bitcoin from exchanges may signal growing confidence among institutional players and long-term holders. Despite recent price fluctuations, large buyers appear to be “stacking on dips,” as Papi noted. This behavior suggests that these entities anticipate future price appreciation and are accumulating while prices remain comparatively low. Related Reading: Bitcoin Indicator Signals Short-Term Holders Have Been Taking Profits – Is The Next Rally Near? The shift of funds off exchanges into private wallets or institutional custody often reflects a strategy of long-term holding rather than short-term trading, potentially providing a stable foundation for future market growth. Looking ahead, the reduced leverage ratios, coupled with significant outflows from exchanges, could point to a more cautious yet optimistic market sentiment. If these patterns continue, they may set the stage for a more sustained recovery in Bitcoin’s price and a shift toward healthier market conditions over time. Featured image created with DALL-E, Chart from TradingView

After the recent crypto market corrections, some investor’s and market watchers’ bullish sentiment appears to have decreased, with many claiming the top is in. However, other analysts point out that several indicators don’t signal a cycle peak yet, suggesting that the bull still has some gas in its tank. Related Reading: Aptos (APT) Could See A 95% Rebound, But It Must Hold This Level – Analyst Crypto Market Capitalization Retests Key Level The crypto market has recently suffered continuous corrections that have halted the momentum from the post-US election. During the November-December rally, the industry achieved many milestones, including Bitcoin’s breakout from the $100,000 barrier for the first time in history. The crypto market also surpassed its 2021 all-time high (ATH), reaching a market capitalization of $3.73 trillion on December 17, 2024. Nonetheless, its recent shakeout sent the total crypto market cap (TOTAL) to its lowest range in nearly three months. On Monday, the market retraced to the $2.8 trillion mark, briefly losing the key $3 trillion support level before bouncing. Market observer Daan Crypto Trades highlighted that the TOTAL chart retested the 2021 ATH during the pullback, turning the weekly candle “into a pretty interesting one.” The trader explained that the $3 trillion mark is crucial to hold going forward despite the chart showing “plenty of demand for the time being.” Meanwhile, the $3.7 trillion mark remains the key resistance level, as it is “what’s in the way of further expansion higher.” Daan also noted that the Altcoins market capitalization, which excludes Bitcoin and Ethereum, swept the 2024 highs and bounced after briefly losing its current range during the market correction, which could suggest that the long-awaited altseason is still ahead. He pointed out that Altcoins might continue moving sideways within their current range, but a breakout could see them test the December highs, as they are yet to break their 2021 ATH properly. Cycle Top Coming In Q4? Analyst Sjuul from AltcryptoGems shared an analysis of the total crypto market chart. The analyst stated that he doesn’t see the “warning signs” other investors and market watchers have mentioned online. From a technical perspective, the crypto market’s rally is a “straightforward support and resistance situation” since flipping the 2021 ATH level, which the market is currently holding. Sjuul compared this cycle to the previous one, stating that it technically is the beginning of the “real bull run.” Timewise, the chart presents various similarities between the two cycles, suggesting the top is around 230 days away. He explains that the 2021 breakout from the previous cycle’s top occurred 1,120 days from the 2017 ATH. Additionally, the 2021 cycle top occurred 1,400 days after the 2017 peak. Related Reading: Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level Meanwhile, this cycle’s breakout from the 2021 ATH happened approximately 1,120 days after the top, similar to the last cycle. If history repeats itself, this cycle’s timing suggests that the crypto market top is around 7-9 months away. Ultimately, the analyst projected the market peak to occur in Q4 2025 and potentially hit a market capitalization of $4.5 trillion. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin price in recent days seems to have dimmed investor’s confidence in the asset for now with the community seeing less buzz as BTC sees fewer green days.  Regardless of this, some analysts are still eager to analyze BTC and its major metric to at least get a perspective on if there’s hope around the corner. An instance is a CryptoQuant analyst known under the pseudonym ‘Avocado Onchain’ who recently shared an insight on BTC focusing on Binance funding rates. Funding rates, which represent the cost of holding long or short positions in the futures market, can provide insight into market sentiment. A decrease in funding rates often suggests growing pessimism, as traders who previously held bullish positions are forced to cover their positions due to mounting losses. This shift in sentiment can have cascading effects, leading to mass liquidations and further price declines. Related Reading: Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level Binance’s Funding Rates And Potential for Rebound Avocado, has recently examined the implications of Binance’s funding rates in a post titled “Monitoring Binance Funding Rates: Will Bitcoin Rebound After Extreme Fear?” According to the analysis, a notable wave of long position liquidations occurred recently, leaving the market in a state of extreme fear. Funding rates on Binance, a platform known for its large retail investor base, have shown a pattern that may hint at future price movements. Historically, negative funding rates on Binance have been relatively rare, but when they do occur, they have often preceded significant price rebounds. Avocado suggests that this dynamic is linked to the behavior of retail traders, who dominate Binance’s trading volume. When these traders display heightened fear—manifested through negative funding rates—Bitcoin has tended to defy the prevailing sentiment and recover. The analyst also pointed out that during past bull markets, Bitcoin’s price has rebounded after hitting negative funding rates triggered by large-scale liquidations. This historical pattern could indicate that, while the current market environment appears grim, further declines in funding rates might signal a reversal. Essentially, if negative funding rates reappear on Binance, it may suggest that the market has reached a point of capitulation, often a precursor to a sustained recovery. Bitcoin Market Performance Meanwhile, Bitcoin has continued to face challenges in its upward momentum. Although the asset briefly rebounded to $100,000 earlier today following a mixed US jobs report, it quickly lost ground and was unable to sustain this recovery. At the time of writing, BTC is trading at $98,226, reflecting a modest 1.8% gain in the past day. Interestingly, while Bitcoin’s price was higher at this time last week, today’s trading volume surpasses last week’s levels. Notably, so far, BTC’s daily trading volume climbed from $34 billion last Friday to over $55 billion today. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price performance remains subdued, with the cryptocurrency trading above $97,000 at the time of writing—a roughly 6.5% decline over the past week. The crypto asset has yet to reclaim the $100,000 level it lost earlier this week, leaving market participants uncertain about the near-term direction. Amid this backdrop, one CryptoQuant contributor, known as caueconomy, provided an analysis of a significant development involving Bitcoin’s exchange withdrawals. Related Reading: Bitcoin Still In Bull Market, On-Chain Indicator Confirms Largest Exchange Withdrawals Since FTX Collapse In a recent post, caueconomy highlighted the largest volume of exchange withdrawals since the FTX collapse. According to the data, over 47,000 BTC were removed from exchange reserves. While some of these movements may be internal, they also indicate potential accumulation by a large market player or institutional entity. This trend of Bitcoin moving off exchanges typically signals a long-term bullish perspective, as fewer coins available for trading may lead to reduced sell-side pressure over time. However, the analyst clarified that this shift does not produce an immediate supply shock capable of impacting Bitcoin’s price in the short term. Instead, it points to a gradual accumulation phase that could provide support for future price appreciation. The largest volume of exchange withdrawals since the collapse of FTX “While these withdrawals do not reflect an immediate “supply shock” to the price of bitcoin… it still reveals a trend of accumulation by large players.” – By @caueconomy Full post ????https://t.co/ZjYBijDOZp pic.twitter.com/ZEWj95wtfD — CryptoQuant.com (@cryptoquant_com) February 7, 2025 Bitcoin Breakout On The Horizon? Meanwhile, another CryptoQuant analyst, Onatt, offered insights into potential breakout scenarios for Bitcoin. Onatt pointed to the strong buying interest captured in the Coinbase Premium Index, a measure that compares Bitcoin’s price on Coinbase to other exchanges. A positive premium often reflects heightened demand from institutional investors, suggesting that the market’s upward potential is intact. Onatt also noted the crossover of key moving averages—SMA14 and SMA60—indicating a possible build-up of bullish momentum. The analyst further highlighted Bitcoin’s increasing correlation with gold and the S&P 500, indicating that the cryptocurrency’s performance may align more closely with traditional risk assets. If the broader financial markets adopt a “risk-on” sentiment, Bitcoin could see an upward trend. Related Reading: Bitcoin Network Activity Slumps To One-Year Low – Is BTC Overpriced? Additionally, Federal Reserve Chairman Jerome Powell’s recent comments regarding the limited impact of employment data on inflation have helped stabilize market expectations. As long as economic data remains within forecasted ranges, positive sentiment toward Bitcoin and other risk assets may continue to grow. Featured image created with DALL-E, Chart from TradingView

Following the market’s recent corrections, Aptos (APT) has revisited the lows of its Macro Range, hitting a six-month low at the start of February. According to an analyst, the cryptocurrency’s recovery and ongoing retests of this crucial level could lead to a rebound in the following months. Related Reading: Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level Aptos Recovers From 6-Month Low Aptos has recovered 24% from the recent market correction, which sent Bitcoin to $91,000 and most cryptocurrencies to monthly lows. On Sunday, the token briefly nosedived 34% from its daily high above $7 to its lowest price since August 2024. Market watcher Daan Crypto Trades noted that APT has been moving within two horizontal levels since its launch. The higher horizontal level ranges from $15 to $17, while the lower zone ranges from around $4.80 to $5.45. During the pullback, Aptos “didn’t quite sweep the August lows” but “held on to that same ~$5 area again,” Daan pointed out. Similarly, Crypto Analyst Rekt Capital analyzed the cryptocurrency’s recent performance, explaining that “APT has now dropped into the Macro Wedge Bottom, holding support there while producing downside wicking below it.” APT’s Macro Wedge Bottom is also the “technical uptrend line dating to early 2023,” which is crucial to maintaining the technical uptrend and the macro market structure in general. Rekt Capital suggests that the cryptocurrency must print Weekly Closed above this line, at around $5.97. However, he noted that, in the monthly timeframe, APT appears to be in a Macro Range. The analyst explains that, in this Macro Range, APT seems to be developing a third cluster, but the price needs to hold the crucial $5.45 support zone to maintain this range and rebound. If the cryptocurrency holds continued stability above this level, it could reverse in the following months, as previous clusters saw “several after three monthly candles at the Range Low.” However, the price could see several retests before a rebound. He pointed out that the previous consolidations included a “downside wicking below support.” APT To Breakout In Three Months? If Aptos reverses, its price must break its 11-month downtrend. According to Rekt Capital’s analysis, a rejection from the downtrend line, followed by a drop to the Range Low, could “spell that the rebounds from the Macro Range Low are getting weaker, signaling weakening support there.” As a result, APT needs a strong rebound from this Macro Range Low “to go against the diminishing returns” that seem to be developing from this range. The 2023 rebound saw Aptos bounce 211% from the range lows before facing resistance near ATH levels, while 2024’s price rebound recorded a 145% jump before retracing from the $13 mark. Related Reading: Memecoins Crowned As ‘Defining Narrative Of 2024’, What’s The Next Key Sector To Watch? This suggests a potential diminishing in returns from the range low, signaling that Aptos must climb 95%, above the $11 resistance, to break out of the downtrend line. The analysis concluded that price stability at $5.45 is vital for the cryptocurrency’s rally, and a Monthly Close above this level is necessary for a future price rebound and retest of the downtrend. As of this writing, APT trades at $5.74, a 23% decrease in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin is experiencing a challenging period, with its price remaining below the $100,000 mark after a significant drop earlier this week. Today, Bitcoin hovers just above $98,000, marking a nearly 10% decline from its all-time high of over $109,000 recorded last month. Interestingly, while BTC’s price has slowed, its exchange reserve has faced the same fate, with data showing a continuous decline from this metric. Related Reading: 49,700 Dormant Bitcoin Just Moved—What’s Next For BTC’s Price? Does This Suggest An Incoming Rebound For Bitcoin? ShayanBTC, one contributor to the CryptoQuant QuickTae platform, particularly pointed out this trend in a post titled “Bitcoin Exchange Reserves Plunge: Is Supply Shock Driving the Next Rally.” According to Shayan, there is a chance that this reserve plunge will become favorable for BTC in the near term. In the post, Shayan disclosed that exchange reserves—the amount of Bitcoin held on trading platforms—have steadily decreased. This trend often signals an accumulation phase by investors, as more market participants withdraw their BTC from exchanges to secure long-term holdings. This reduced circulating supply can create a “supply shock,” potentially driving higher prices in the coming weeks. “As shown in the chart, Bitcoin’s exchange reserves have been on an aggressive decline, signaling an accumulation phase by investors,” Shayan explained. The analyst added: Given that exchange reserves serve as a supply-side indicator, this persistent decline could contribute to further price appreciation in the coming weeks. Bitcoin Exchange Reserves Plunge “As shown in the chart, Bitcoin’s exchange reserves have been on an aggressive decline, signaling an accumulation phase by investors.” – By @ShayanBTC7 Full post ????https://t.co/xxyCDSg3Vw pic.twitter.com/ntVY7AuDpD — CryptoQuant.com (@cryptoquant_com) February 6, 2025 Coinbase Premium Reaches 0 Zone Besides the exchange reserves, another important metric worth looking at to get the full picture of BTC’s likely trajectory in the near term is the Coinbase premium index. This index measures the price difference between Bitcoin on Coinbase, often a go-to platform for institutional investors, and other exchanges. A positive premium can indicate strong buying pressure on Coinbase, signaling institutional demand. The latest data shows that in recent days, the Coinbase Premium Index broke through the critical “0” resistance level with substantial volume, an occurrence that traders closely monitor. TraderOasis, another CryptoQuant analyst, highlighted that this breakout area also functions as a support/resistance level, making it a crucial point of interest. Related Reading: Key Indicator Signals DCA Opportunity Amid Bitcoin Buyer Momentum A sustained positive premium might indicate continued institutional accumulation, which could boost Bitcoin’s price recovery. Conversely, a failure to hold this level could suggest lingering bearish sentiment or a potential for further declines. Featured image created with DALL-E, Chart from TradingView

Ethereum has continued to face headwinds, mirroring the broader downward trend in the global cryptocurrency market. The persistent market slump has made it challenging for ETH to sustain upward momentum, even as it attempts to recover from recent losses. Interestingly, it appears there might be some notable factors behind the scenes influencing Ethereum’s price movements, particularly the exchange netflows on derivative platforms. Related Reading: Ethereum Leverage Elevated Despite Long Squeeze, Glassnode Says Ethereum Faces Record Outflow: Implications Amr Taha, a contributor on the CryptoQuant QuickTake platform, recently offered insights into the Ethereum market’s ongoing dynamics. In a detailed post on the QuickTake platform, Taha noted that Ethereum’s netflow on derivative exchanges dropped below -300,000 ETH for the first time since August 2023. This significant shift, according to Taha, holds potential implications for price direction and market structure. Taha outlined several key factors to consider when assessing the impact of ETH outflows on pricing. First, when large amounts of ETH leave derivative exchanges, it often signals that traders are either closing leveraged positions or transferring funds to cold storage. This reduction in available supply can alleviate selling pressure, creating conditions that are favorable for a price increase—provided demand remains stable or grows. However, the nature of these outflows can lead to short-term market volatility. If the withdrawals are driven by the liquidation of leveraged long positions, the market may experience a temporary reset. While this can dampen buying demand in the short term, it often results in a healthier and more balanced market structure over time. Current Liquidity Stance And Key Metrics to Watch Additionally, Taha highlighted the significance of liquidity conditions in the broader financial system. Using a metric known as Fed Net Liquidity—which subtracts the Treasury General Account (TGA) and Reverse Repo (RRP) from the Federal Reserve’s balance sheet—he pointed out that rising liquidity levels often have a bullish effect on risk assets. Recently, the metric increased from 5.85 trillion to 5.95 trillion, suggesting more capital is available to flow into markets such as cryptocurrency. Historically, higher net liquidity correlates with increased asset prices, potentially benefiting Ethereum’s outlook. Furthermore, one of the more immediate indicators to monitor according to Taha is Ethereum’s liquidation map. Taha observed that certain price levels might force short positions into capitulation if ETH continues to climb. Related Reading: Ethereum Price Sets Its Sights on Higher Levels: Can Bulls Maintain Momentum? This could serve as a trigger for further upward movement if market conditions remain favorable. Additionally, the trajectory of net liquidity will remain an essential factor, as its direction often signals the broader sentiment toward risk assets. Featured image created with DALL-E, Chart from TradingView

Amid the recent market shakeouts, Bitcoin (BTC) has shown strength, remaining near the crucial $100,000 barrier during its drops. While the flagship cryptocurrency is momentarily expected to continue its horizontal trajectory, some analysts forecast that BTC’s next leg up might start once it reclaims the recently lost key level. Related Reading: Memecoins Crowned As ‘Defining Narrative Of 2024’, What’s The Next Key Sector To Watch? Bitcoin Volatility Lower Than Q1 2024 The post-election pump saw the crypto market jump to new highs, with Bitcoin leading the climb. Two months ago, the flagship cryptocurrency crossed the $100,000 barrier for the first time, hitting $108,000 in mid-December. However, the market has seen several significant shakeouts since then, which has halted investors’ sentiment. Following its December peak, the flagship crypto recorded a 14% retrace, sending its price to the lower zone of its $90,000-$108,000 post-election range. In early January, BTC recorded a similar pullback after reclaiming the $100,000, falling nearly 13% before rebounding. Mid-month, Bitcoin retraced another 10% after hitting its latest all-time high (ATH) of $109,588 but held the $100,000 mark in the following days. However, the most recent correction saw BTC fall 14% from its Friday high of $106,000 and nearly 10% in 24 hours, triggering the largest single-day of crypto liquidations. Despite these retraces, Bitcoin has bounced from the local lows and continues to move within the mid-zone of its post-election range. Market observer Daan Crypto Trades noted that BTC’s volatility has been “relatively low” in the past few weeks, especially compared to the start of 2024. The cryptocurrency saw more violent swings when Bitcoin passed the $70,000 region in March, retracing up to 20% during these corrections. Since then, Volatility has “slowly dwindled” while Bitcoin’s price has been “creeping higher this cycle.” Bitfinex analysts previously noted the cycle’s “unique” conditions that drove the diminishing trend. According to the report, mainstream recognition, institutional adoption, and increasing confidence in the sector have kept BTC’s corrections smaller than past cycles, likely to continue for the rest of the bull run. Is A Takeoff Coming Soon? As BTC’s price continues to move sideways within its range, the flagship crypto looks “much stronger” than most of the market, “still looking perfectly fine when zooming out.” Daan added that “the demand for BTC is just so much higher compared to the rest of the market, especially during times of uncertainty.” However, crypto analyst Miles Deutscher highlighted that BTC’s search interest “is still sitting way below 2021 levels, despite sitting just under $100k.” This suggests that institutions are fueling the Bitcoin bull run while it is “no longer reliant on retail mania to pump BTC prices.” Related Reading: Solana (SOL) $200 Level Recovery Looks ‘Very Solid’, Is The Bleeding Over? Meanwhile, crypto analyst Jelle stated that Bitcoin is playing out similarly to Q1 2024, listing the “choppy” period, liquidity being taken out, and the Moving Average Convergence Divergence (MACD) retests as “flashing” signals again. This performance preceded the flagship crypto’s breakout to its March 2024 ATH and, if history repeats, could signal a price takeoff soon. Nonetheless, Jelle added that $100,000 remains the level to break and hold before any major price move. Featured Image from Unsplash.com, Chart from TradingView.com

Recent market turbulence has impacted Shiba Inu (SHIB) and Dogecoin (DOGE), with both memecoins experiencing significant price declines over the past few days. This setback comes amid a broader downturn in the crypto market, yet some analysts remain optimistic about the potential trajectories for these popular memecoins. Javon Marks, a well-known analyst on Elon Musk’s social media platform X, has shared his perspective on both SHIB and DOGE, offering insight into where these memecoins might be headed next. Related Reading: Shiba Inu Burn Rate Explodes 7,240% With 1.1 Billion Tokens Burned In 24 Hours, What’s Driving It? Shiba Inu On The Verge Of A Major Rally In his analysis of Shiba Inu, Marks highlighted several technical signals that could indicate a bullish continuation. He noted that SHIB has already broken out of a larger resistance trend, setting a potential target at $0.000081. Marks emphasized that recent price dips have been met with substantial buyer activity, creating a strong rejection of selling pressure. This, he suggested, could indicate that the market has enough support to shift sentiment back toward a bullish stance. Near 10X to $0.0001553 for $SHIB ????: SHIB (Shiba Inu) has already confirmed Bull Signals that suggest a continuation while also being broken out of a much larger resisting trend that implies $0.000081 to be in play as the target On top of that, buyers in the recent dip showed… https://t.co/DVZmRNVaQZ pic.twitter.com/CwGHrUdLwr — JAVON⚡️MARKS (@JavonTM1) February 4, 2025 According to Marks, these conditions could pave the way for SHIB to eventually reach a higher target of $0.0001553, a level that would represent a significant gain from its current price. In his words: With Shiba’s recent sideways action and dip while holding broken out, this can actually be a positive and contribute to the longevity and scale of this run, making it much more likely for a break above the $0.000081 target to take place which would then welcome $0.0001553 into play! $0.0001553 is currently over 840% way Dogecoin Path Toward Higher Levels Turning his attention to Dogecoin, Marks outlined a similarly optimistic scenario. He pointed out that DOGE has shown a strong breakout response, with recent price action suggesting a potential climb to $0.6533. Marks also indicated that if DOGE were to surpass this level, it could set its sights on a higher target of $1.25111, representing a significant upward move from current levels. $DOGE (Dogecoin) to $0.6533 is looking like its only a matter of time here with such a major breakout response and climb thus far but a move above is looking more and more likely! A move above $0.6533 brings in play $1.25111 which is currently over 333% away… https://t.co/fAGPkw2n2F pic.twitter.com/RyUuojWxsh — JAVON⚡️MARKS (@JavonTM1) February 4, 2025 Featured image created with DALL-E, Chart from TradingView

Bitcoin recent price movements have been nothing short of a rollercoaster ride. Earlier this week, BTC traded below $90,000 and quickly bounced back to above $100,000. As of today, the asset now hovers above $98,000. Amid this price performance, CryptoQuant contributor XBTManager has provided insights into an important on-chain metric, highlighting a notable shift in the 6-12 month spent output age bands. This activity sheds light on possible market dynamics and future price developments. Related Reading: Why Bitcoin’s Price Crash Could Be a Buying Opportunity for Big Players Analyzing Bitcoin’s Spent Output Age Bands The 6-12 month spent output age band reveals instances where long-held Bitcoin is moved, offering a glimpse into shifting market behavior. According to XBTManager, a significant amount—49,700 BTC—has recently been spent in this category today. Such substantial movement can often precede market volatility, as it may signal larger holders or dormant wallets re-entering active circulation. This sudden activity raises questions about how the market might react. Historically, large movements in older Bitcoin holdings can create temporary selling pressure. If these coins are sold, it can lead to short-term further price drops, potentially causing retail investors to panic. However, this downward trend can also set the stage for a rebound, with prices recovering as buyers absorb the new supply. The analyst wrote: A large portion of these Bitcoins is expected to be sold in the coming days, potentially creating selling pressure in the market. This could cause retail investors to panic and sell at lower prices. Subsequently, prices might be pushed back up, enabling these Bitcoins to be sold to retail investors at higher prices. Therefore, such movements can be seen as signs of market manipulation. Investors should remain cautious about potential market fluctuations in the coming days. Bitcoin Market Performance Meanwhile, Bitcoin continues to face selling pressure, with the asset unable to sustain a notable rebound or reclaim key levels. So far, Bitcoin has seen quite a plunge dropping roughly 10% from its all-time high above $109,000 registered in January. Related Reading: Bitcoin Traders Fearful For First Time Since October: Buying Signal? In the past week, the asset has also declined 3.5% bringing its price to trade at $98,485, at the time of writing down by 0.5% in the past day. This price decline in BTC has affected the broader crypto market significantly with over $3 billion liquidated in the crypto market in just the past few days. Interestingly, despite this negative price performance from BTC, the asset’s daily trading volume has however seen an opposite trend recording an increase from below $40 billion this time last week to sitting above $58 billion as of today. Featured image created with DALL-E, Chart from TradingView

Memecoins have been the leading narrative of the cycle after surpassing all expectations and becoming the top-performing sector of 2024. As we navigate 2025’s crypto market, emerging sectors like Artificial Intelligence (AI) agents could rival memecoins’ narrative mindshare. Related Reading: Solana (SOL) $200 Level Recovery Looks ‘Very Solid’, Is The Bleeding Over? Memecoins Defined 2024’s Crypto Market On Tuesday, Binance Research shared its “Full-Year 2024 & Themes for 2025” report, crowning memecoins as the “Defining Narrative of 2024. The platform highlighted the sector’s outstanding performance last year, which drove significant attention to the crypto market. According to the report, memecoins played a “significant role in onboarding new users to the crypto space and offer a unique way to monetize attention in the social media era.” Additionally, the notion of “so-called ‘blue-chip’ memes” served as a testament to the “growth and diversity of the memecoin market and its structure,” the report noted. The crypto community saw the creation of various sub-sectors within the memecoin space, encapsulating the events that shaped the year. For instance, PolitiFi tokens, which rose amid the American electoral campaign, recorded the many changes in the political landscape through these tokens. This narrative eventually led to the launch of the Solana-based TRUMP memecoin, the first-ever token officially backed by a politician. The memecoin was created in January to “celebrate Courage & Strength” after the July 2024 assassination attempt on President Trump. Binance Research points out that memecoins meteoric rise could be attributed to various factors, including increased transparency and a perception of fairness, accessibility, and addressing users’ frustration with the “low float, high FDV” issue. Additionally, it noted the sector’s high-risk, high-reward nature appears to have fulfilled the industry’s search for the first crypto AAA game. The report argues that the “thrill of creating memecoins of the smallest moments in cultures” trade them into “sky-high valuations” could be perceived as a game, keeping the community invested in the sector and increasing its popularity. AI Agents: The Growing Narrative Second to memecoins, the AI crypto sector took 12.6% of the narrative mindshare in 2024, opening the stage for the market’s “newer fascination,” AI Agents. This sub-sector captured investors’ attention throughout Q3 2024, fueled by Truth Terminal and GOAT’s growing popularity, and became a leading narrative in recent months. AI agents, initially sparked by Truth Terminal and $GOAT, have captured the market since October and become a dominant narrative. Infrastructure providers like Virtuals Protocol (G.A.M.E. framework) and ai16z (ElizaOS framework) have been key players. The sector has also faced backlash from the crypto community. Some investors consider the new trend “worse than other past trends,” arguing that it is “overrated.” Similarly, an anonymous poll showed that Solana founders consider AI agent tokens to be overhyped. Nonetheless, it has continuously evolved and has “lots more in development.” As of this writing, the sector has a market capitalization of $7.84 billion, according to CoinGecko data. What’s Next? Binance Research pointed out the issue of memecoin longevity, as many of the tokens see a rapid rise and fall. It considers that, despite not all tokens having the level of popularity to stand the test of time, memecoins are “likely to have some staying power” in some form. Related Reading: TRUMP Coin Tanks 18%—Even Donald Trump Couldn’t Save It Meanwhile, AI Agents are significantly earlier in their development but share the “power to onboard users (AI is a key topic across business and finance) and monetize attention.” As a result, the growth of the “AI x crypto” intersection is almost certain. The report concludes that the “entry of web2 into AI Agents, and the rapid development and anticipated trajectory of AI x crypto” are some of the key areas to watch this year. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin price performance over the past week has been marked by volatility and mixed signals for investors. After briefly rising above the $100,000 price mark on Tuesday, BTC has since fallen back and now hovers just above $99,000. The rebound that initially raised market sentiment appears to have been short-lived, as the cryptocurrency struggles to regain the upward momentum needed to break through higher resistance levels. Related Reading: Why Bitcoin’s Price Crash Could Be a Buying Opportunity for Big Players Bitcoin Smart DCA Flashes—What This Means While BTC faces these ups and downs, Darkfost, a contributor on CryptoQuant’s QuickTake platform, highlighted a potential opportunity for investors employing a dollar-cost averaging (DCA) strategy. According to Darkfost, the Smart DCA indicator was recently triggered, suggesting that current price levels may be a “favorable” entry point for those looking to accumulate BTC over time. Darkfost explained that by comparing Bitcoin’s average price to its short-term realized price—ranging from one week to one month—this indicator aims to identify optimal zones for long-term accumulation. The analyst added: When executed properly, a DCA strategy can generate substantial returns in the short, mid, or long term, depending on the investor’s goals. However, this indicator should be used alongside other metrics and a broader market analysis for optimal accuracy and effectiveness. Signs of Bullish Momentum Emerge While short-term price fluctuations have rattled some investors, other analysts point to underlying trends that hint at bullish potential. Another CryptoQuant analyst, Onatt, observed that buyer activity is beginning to outweigh selling pressure. Related Reading: After The Bitcoin Crash: Will It Rise Or Drop Again? 5 Key Indicators Using data from Coinbase, Onatt noted a visible premium indicating strong demand for Bitcoin, even in the face of recent volatility. Furthermore, negative funding rates—driven by approximately $2 billion in long liquidations—suggest a market environment where buyers are taking advantage of discounted prices to position themselves for a potential upward movement. Onatt also explained: Bitcoin’s upward momentum remains likely as long as USDT dominance stays below 4.65%, signaling continued market confidence and potential for further recovery. Adding to this sentiment, analyst Ali identified a critical demand zone for Bitcoin between $96,475 and $99,360. According to Ali, as long as this range holds as a support level, the market outlook favors the bulls. A breakout above the $102,350 to $103,900 supply zone could further strengthen the bullish case, potentially setting the stage for a sustained recovery. #Bitcoin $BTC has reclaimed a critical demand zone between $96,475 and $99,360 as support. As long as this level holds, the odds favor the bulls; especially if the $102,350–$103,900 supply wall breaks. pic.twitter.com/FLpwRqYVuu — Ali (@ali_charts) February 4, 2025 Featured image created with DALL-E, Chart from TradingView

Bitcoin market activity over the past day has been marked by turbulence, with its value falling to as low as $90,000 levels earlier today before rebounding to just above $94,000. Despite this partial recovery, the cryptocurrency remains down 5.8% over the past week and more than 13% below its all-time high of $109,000, reached in January. This recent price movement has led a CryptoQuant analyst to suggest that Bitcoin may be transitioning into a distribution cycle, a phase where price gains start to slow as supply shifts toward newer market participants. Related Reading: Bitcoin Price Is Trading In This Bearish Flag — What’s The Downside Target? Bitcoin Transitioning From Accumulation to Distribution The analyst known as Oinonen, discussed the current state of Bitcoin’s market cycle in a recent post titled “Entering the Distribution Cycle.” Oinonen noted that after gaining 129.2% over the past year and surpassing $100,000, Bitcoin might be nearing a “cycle top.” He cited comments from Ki Young Ju, who suggested that the market is in the “early distribution phase” and could potentially see a few more quarters of growth, influenced by retail investors entering the market and broader promotional efforts. Applying Dow Theory to Bitcoin’s recent market patterns, Oinonen explained that the cryptocurrency’s market movements can be divided into accumulation and distribution phases. He pointed out that while 2022 represented a clear distribution cycle, Bitcoin transitioned into an accumulation cycle in 2023, which extended through 2024. Now, as 2025 unfolds, Bitcoin appears to be shifting back into a distribution phase. Despite this shift, Oinonen emphasized that the market still has the potential for further price discovery, citing relatively low funding rates and a lack of overleveraged conditions. Price Supports and Future Outlook Oinonen also cited Axel Adler Jr, another market observer, who shared similar sentiments, noting that Bitcoin’s current market environment is not overheated and retains the potential for additional growth under stable macroeconomic conditions. This view is supported by the ongoing institutional demand reflected in MicroStrategy’s recent Bitcoin purchases. The company has continued its pro-cyclical acquisition strategy, adding 10,107 bitcoins in early 2025 and bringing its total holdings to 471,107 BTC. Related Reading: Bitcoin Eyes $108K: Can Bulls Sustain Momentum Against Bearish Signals? This sustained institutional interest serves as a leading indicator of market confidence and highlights Bitcoin’s continued appeal as a long-term investment. Oinonen mentioned that as Bitcoin hovers near its “fair price” support level of $87,990—identified by its power-law fit—further developments should be watched out for. The analyst added: Despite the approaching distribution cycle, Bitcoin might still reach significantly higher spot price levels. Bitcoin’s funding rate is relatively low and comparable to summer 2024 levels. We’re far from an overleveraged market, and the structure supports further spot price discovery. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) has experienced a significant drop, with its value plunging to $91,000 in the early hours of Monday. The decline follows unfavorable macroeconomic developments, including newly imposed US tariffs. This price movement has left investors and analysts closely scrutinizing the market for signs of a reversal or further downturn. According to a recent analysis by CryptoQuant analyst TraderOasis, Bitcoin’s decline below critical support levels has resulted in increased panic selling. Despite this, the Coinbase premium index indicates that institutional investors are continuing to accumulate BTC rather than offloading their holdings. This contrast between retail-driven selloffs and institutional accumulation suggests that larger players are using the current dip to boost their positions. Related Reading: Analyst Says Bitcoin Is Bullish But It’s Time For Caution Bitcoin Market Dynamics And Institutional Activity TraderOasis highlights several key market indicators that shed light on the current dynamics. Open interest—a measure of active trading positions—has dropped significantly, pointing to a wave of forced liquidations as leveraged traders exit their positions. Oasis wrote: A drop in funding rates suggests that market participants are taking short positions (betting on a price decrease) and that bearish sentiment is increasing. Notably, this ongoing pattern described by the analyst hints at a strategic accumulation phase by so-called “whales,” or large-scale investors. Oasis mentioned that while retail traders face stop-loss liquidations, these larger entities appear to be absorbing Bitcoin at discounted prices. This accumulation during periods of panic is not uncommon and often precedes a market recovery. Rising Liquidations and Signs of Recovery Another CryptoQuant analyst, Mignolet, echoed these observations, emphasizing the scale of recent long-position liquidations. The current liquidation volume is reportedly the highest since September 2023, with many traders caught off guard by the abrupt price drop. Mignolet compares this event to past market shocks, including the FTX collapse and the COVID-induced crash. The market has been cleaned out “BTC price drop shock has led to the largest liquidation of long positions in recent times… The market has been cleansed, and the open interest trend has finally broken down” – By @mignoletkr Link ????https://t.co/fYs10fAIo6 pic.twitter.com/27znZMRzqs — CryptoQuant.com (@cryptoquant_com) February 3, 2025 Related Reading: Crypto Traders Wrecked As Trump’s Tariffs Spark $2 Billion Liquidation Despite the significant liquidations, there are signs of optimism on the horizon. The Coinbase Premium Gap (CPG) data points to aggressive buying by institutional investors, who are capitalizing on the sudden influx of liquidity.  While the market remains volatile, this accumulation activity suggests that larger players anticipate a reversal soon. Featured image created with DALL-E, Chart from TradingView

As the first month of 2025 comes to an end, Bitcoin (BTC) continues moving within its post-US election price range but nears two historical closing candles. Some analysts weighed in on the market’s state, suggesting that it could be satisfied with good news for the time being. Related Reading: SUI Rally Eyes Double-Digits: VanEck Analyst Forecasts $16 Price By Year-End Bitcoin Near Historical Monthly Candle Despite the recent corrections, Bitcoin has been moving inside the $90,000-$108,000 range since December 2024, consolidating within the mid-zone of its price range for most of this period. Some analysts have pointed out that the flagship crypto has had a decent performance this month, not staying away from the $100,000 mark for long. Moreover, its recent recovery of the $104,000-$105,000 range is setting the stage for a historical monthly and weekly candle. As noted by analyst Rekt Capital, Bitcoin is hours away from closing the month above the $100,000 barrier for the first time and “printing a new Monthly Candle to confirm a breakout from its Monthly Bull Flag.” Additionally, Bitcoin could see a “historic Weekly Close” if it ends the week above $104,416. According to the analyst, similar closes above major weekly resistances at this point of the cycle have historically preceded a “continued upside to new all-time highs.” Nonetheless, Rekt Capital has also pointed out that BTC is most likely preparing for the second leg of its Post-halving Parabolic Phase, which suggests that a new Price Discovery rally could start mid-February. The second leg has historically started around the 16th week of the Parabolic Phase, the analyst explained, while BTC is currently in the 14th week, recovering from the First Price Discovery Correction. Based on this timeline, the flagship crypto is expected to continue gearing up for the rally for another week and a half, and investors are advised to “patiently HODL” BTC. Is The Crypto Market’s Confidence Shaken? Another market watcher noted that Bitcoin has been “stuck in rage for a while now,” adding that he expected to see some bullish momentum after the FOMC news. The trader considers that the lack of significant price movement suggests BTC’s price will “be sideways for the coming few days.” Recently, Aurelie Barthere, Principal Research Analyst at Nansen, weighed in on the market’s current state. Barthere suggested that the market appears to be “satiated for now,” as most of the recent bullish news has been seemingly overlooked. The report highlighted the latest regulatory changes, including the overturn of SAB 121 and the executive order for a US Crypto Stockpile, have been “extremely bullish” and will likely facilitate a wider crypto adoption. Additionally, the Elon Musk-led Department of Government Efficiency (DOGE) is reportedly considering public blockchain to track and manage public expenses. However, the news has been ignored and followed by “underwhelming price action by BTC and the rest of the crypto market.” This suggests that the market is momentarily satiated and “more reactive to negative sentiment than positive news.” Barthere pointed out how the DeepSeek-triggered pullback from Monday bled into the crypto market. Related Reading: Dogwifhat (WIF) Surges 16% Amid Las Vegas Sphere Project Expectation, Breakout Coming? Based on the price and volume action right after the shakeout, the analyst noticed “that ‘buyers’ confidence has been somewhat shaken,” resulting in an initially timid recovery. Nonetheless, unlike other higher-beta tokens, Bitcoin had a shallow and brief intra-day sell-off on Monday, which “shows an interesting level of ‘dispersion’ between tokens, with BTC still the darling token of this new, policy-driven, market environment.” Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin price has regained upward traction, trading back above $105,000 after a temporary dip below $104,000 earlier today. This 1.2% increase over the past hour reflects renewed optimism in the market. Amid this price performance, Crypto Dan, a CryptoQuant analyst has shared his analysis of on-chain data and market behaviors that may shape Bitcoin’s trajectory in the weeks and months ahead. Related Reading: Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K – What This Means Bitcoin Bullish Market But Caution According to Dan, the amount of Bitcoin held for less than six months continues to show notable growth with each market cycle. This trend suggests that as Bitcoin’s appeal widens, new capital inflows—particularly from the expected introduction of Bitcoin spot ETFs—could further drive demand. Dan anticipates that both institutional and retail investors will ramp up their involvement as these ETFs gain traction by the first half of 2025. Additionally, while current indicators remain bullish, Crypto Dan warns that surging interest in Bitcoin and altcoins, paired with an influx of new investors, could signal that the current cycle may be nearing its peak. If Bitcoin pushes through its all-time high with significant momentum, and altcoins follow suit, it could trigger a wave of inflows that may mark the cycle’s final stages. Dan advises investors to start considering risk management strategies. The Crypto Market Remains Bullish… But It’s Time for Caution “If Bitcoin breaks through its all-time high with strong momentum and altcoins follow suit, triggering a wave of new investor inflows, it may indicate that the end of the cycle is approaching.” – By @DanCoinInvestor… pic.twitter.com/NvKB8Ly1DE — CryptoQuant.com (@cryptoquant_com) January 31, 2025 Diverging Inflows from Retail and Whales This cautionary note is reinforced by observations from another CryptoQuant analyst, Darkfost, who highlights a discrepancy in the behavior of retail investors and whales. According to recent Binance data, retail investors have significantly increased their BTC deposits over the past month, with inflows reaching approximately 6,000 BTC. In contrast, whale activity on Binance has dwindled, with their BTC inflows dropping to around 1,000 BTC—a fourfold decrease. Darkfost notes that retail investors often use exchanges to liquidate their holdings, whereas whales’ reduced inflows suggest they are holding onto their Bitcoin. Related Reading: Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target This contrasting behavior offers insights into broader market sentiment: retail participants appear eager to capitalize on short-term gains, while larger, more established investors maintain a more cautious stance. Historically, following whale behavior rather than retail trends has provided a more reliable signal for long-term market moves. Darkfost highlighted this noting: This is a perfect example of the contrasting behaviors between whales and retail traders and it is often considered a better choice to follow whales rather than retail investors Featured Image created with DALL-E, Chart from TradingView