THE LATEST CRYPTO NEWS

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

Bitcoin has recently faced a slowdown in its upward trajectory after reaching over $105,000 earlier this week. The cryptocurrency had shown signs of a potential breakout, but key indicators have come into focus as the market evaluates its next move. The latest insights from analysts have raised questions about whether Bitcoin’s market momentum can overcome the resistance level at $108,000, its previous all-time high. Related Reading: MVRV Ratio Reveals Bitcoin’s Market Position Amid Short-Term Selling Pressure Analyzing Bitcoin’s Market Indicators Amid the price performance from BTC, CryptoQuant analyst ShayanBTC has provided insights on the challenges and possibilities ahead for Bitcoin. Shayan noted that despite Bitcoin’s recent price increases, the funding rates—a critical on-chain indicator—have started to decline. This bearish divergence suggests that demand in perpetual markets may be weakening, casting doubt on whether the current bullish momentum is sufficient to push Bitcoin above its all-time high. Particularly, one of the primary hurdles for Bitcoin’s price to surpass $108,000 is the lack of strong market enthusiasm, as reflected in the funding rates. According to Shayan, typically, rising funding rates indicate an increase in long positions and market optimism. However, the current decline in these rates signals that traders are hesitant to bet on further price increases. Shayan emphasized that without a significant boost in optimism and a greater influx of long positions, Bitcoin’s resistance at $108,000 could hold firm, potentially leading to a consolidation phase or even a temporary price rejection. The analyst wrote: For Bitcoin to decisively breach $108K, the funding rates must rise further, signaling an increase in optimism and a greater influx of long positions. Without this market-wide enthusiasm, the resistance at $108K could hold, leading to potential consolidation or a temporary rejection. Indication from Long-Term Holders Metric On the other hand, long-term holders—investors who have maintained their Bitcoin holdings for seven years or more—have shown no inclination to sell their assets. Another CryptoQuant analyst reporting this in a post on the QuickTake platform noted: Holders who have held bitcoin for seven years or more sold some of their holdings before the end of the previous bull market. Long-term bitcoin holders have not yet moved their holdings to exchanges. This behavior highlights a trend seen in previous market cycles: long-term holders often remain resilient through price fluctuations, providing a steady base of support for the cryptocurrency. Related Reading: Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target The decision of these holders to keep their Bitcoin off exchanges suggests confidence in the asset’s long-term value, even as short-term market sentiment fluctuates. Featured image created with DALL-E, Chart from TradingView

SUI has jumped 14% in the last 24 hours amid the market recovery. The token is attempting to recover a key support level, which could set the stage for a retest of its latest all-time high (ATH). Following its recovery, an expert at VanEck has forecasted a 300% surge in SUI’s price this year. Related Reading: Dogwifhat (WIF) Surges 16% Amid Las Vegas Sphere Project Expectation, Breakout Coming? SUI Retests Key Support Level The crypto market is moving toward a green end-of-week after a bloody Monday. The correction saw Bitcoin lose the $100,000 zone, and most cryptocurrencies significantly retrace from their January highs. Amid the pullback, SUI lost the $4 support for the first time since December, dropping to its lowest price in over a month. The cryptocurrency has been one of the strongest altcoins this cycle, leading the market throughout the Q2 2024 retraces and Q3 rally. This year, SUI has also risen as one of the leading cryptocurrencies, surging above the $5 barrier for the first time and hitting its latest all-time high (ATH) of $5.36 at the start of the month. Since then, the token has hovered between the $4.05 to $5.20 price range. After Monday’s fall to $3.49, the $4 mark acted as resistance, with the cryptocurrency failing to break past it until today. SUI jumped 9.8% to recover the key support zone, bouncing another 5% to $4.2 on Thursday morning. Crypto analyst Carl Runefelt noted that the token is testing its ascending level again after losing it as support. This ascending line has been a key support level over the last few months but acted as resistance after the recent correction. To turn this line back into support and continue its ascending trajectory, SUI must hold above the $4.18 mark. Reclaiming the ascending line could also propel SUI’s price to retest the $5 barrier. SUI’s Price Eyes Double-Digits This Year Patrick Bush, senior investment analyst at asset manager VanEck, shared his outlook for SUI’s long-term performance in a recent competitive analysis against Aptos (APT), which are often compared. According to the analyst, SUI is set to outperform APT this year due to the Network’s advantages, efficiency, and scaling potential, which has translated into a better-priced DeFi ecosystem to market makers: We believe the evidence supports Sui over Aptos due to its performance advantages and scaling potential. We find that It currently offers capabilities that are not replicated in Aptos. Among these are Local Fee Markets, Pilot Fish, and Fast Path. Additionally, Sui may offer a set of technical capabilities and economics that prove more attractive to market markers, resulting in a better-priced DeFi ecosystem. The analysis underscores that SUI’s attractiveness has drawn token investors and application builders, resulting in a better token performance and a more vibrant ecosystem. Related Reading: Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away Bush also pointed out that the cryptocurrency leads in retail investment: “In Fact, in the last 90 days, global search interest for Sui was higher than it was for Solana on 17 days and higher than Ethereum on 16 days,” he noted. The analyst projected the token to reach a market capitalization of $61 billion by the end of 2025, which would see the price rising to around $16, a 300% increase from the current range. As of this writing, SUI trades at $4.13, a 14% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum appears to be regaining momentum, showing a notable recovery after reclaiming the $3,200 level. The asset has surged over 5% in the past day, pushing its market capitalization and daily trading volume higher. This recent movement has narrowed the gap between Ethereum’s current price and its all-time high to just 33%, giving investors reasons to pay closer attention. Various analysts have weighed in on the potential implications of this price action, offering a mix of short- and long-term outlooks. Related Reading: Ethereum’s Prolonged Consolidation: What Is Really Going On? Analyst Weighs In Analysts Discuss Key Levels and Future Targets Elite, a well-known crypto analyst, pointed out that Ethereum’s resilience came in the face of “hawkish signals” from the Federal Reserve. The analyst wrote: Despite the Fed’s hawkish signals yesterday, ETH broke past the $3,200 mark, showing impressive resilience. But that’s not all—on-chain activity is soaring. According to IntoTheBlock data, active Ethereum addresses have increased by 37% over the last few months, reaching 670,000—significantly surpassing the 400,000 level seen in early 2024. This sharp rise in network activity is viewed by some as an indication of growing demand and renewed bullish momentum as the new year unfolds. Several other analysts have also shared their perspectives on Ethereum’s price trajectory. WorldofCharts highlighted the cryptocurrency’s consolidation within a tight range, forming a bullish pennant. He suggested that a successful breakout from this pattern could propel Ethereum toward the $4,000 resistance area. This ascending triangle level, previously outlined in his analysis, may serve as a critical milestone for the asset’s upward trajectory. $Eth #Eth Consolidating Within Tight Range Of Bullish Pennant, Expecting Upside Breakout Soon, Incase Of Successful Breakout Ethereum Can Target 4000$ Area Ascending Triangle Resistance Area “Which I Shared Recently” https://t.co/Gq5sYBiKfA pic.twitter.com/B36VRnN9Qm — World Of Charts (@WorldOfCharts1) January 30, 2025 Ethereum On The Path To A $9,000 Rally? Another prominent analyst, Ted, emphasized that Ethereum’s higher lows on longer timeframes signal a strengthening bullish structure. He identified the $4,000 level as pivotal, predicting that its recovery could open the door to a new all-time high. Related Reading: Ethereum Price Struggles Against Resistance: A Tough Road Ahead Ted went even further, forecasting that Ethereum could reach $9,000 to $10,000 within the next three to four months if these bullish conditions persist. This optimism is supported by growing on-chain activity and sustained investor interest. Ethereum is forming higher lows on the longer timeframe. $4K remains the most crucial level, and the reclaim of that will send $ETH to new ATH. Once that happens, I’m expecting Ethereum to hit $9K-$10K within 3-4 months. Trump will buy more and more ???? pic.twitter.com/c3fFVXh8Xl — Ted (@TedPillows) January 29, 2025 Featured image created with DALL-E, Chart from TradingView

While the broader cryptocurrency market appears to be gradually recovering, Toncoin (TON) has yet to join the upward trend. Over the past week, TON has faced significant challenges, seeing its price dip by 5.4%. Amid this price performance, a CryptoQuant analyst has highlighted signs of a potential reversal, especially as recent data sheds light on underlying market dynamics that could impact the coin’s near-term trajectory. Related Reading: Is Toncoin Price Gearing For A Rebound At $5? This On-Chain Metric Suggests So Toncoin Open Interest and Potential Reversal Signals The CryptoQuant analyst Joao Wedson has provided an intriguing perspective. In a recent post titled “TON: Signs of a Reversal?” Wedson highlighted a pattern within the open interest data that could hint at a price rebound. This analysis comes at a critical time, with market participants seeking any indicators that TON might stabilize and regain lost ground. Wedson’s analysis centers around the weekly variation in Toncoin’s open interest—a measure of the total number of outstanding derivatives contracts on the asset. According to the data, the open interest delta has shown a consistent increase whenever TON experiences volatility spikes. Historically, these patterns have been observed ahead of significant price surges, raising the possibility that a similar recovery could be on the horizon. TON: Signs of a Reversal? “We’ve observed a pattern where the Open Interest Delta increases with each volatility spike—a behavior that previously preceded a sharp price surge.” – By @joao_wedson Full analysis ????https://t.co/FC8q4QYIp6 pic.twitter.com/5luN5VojDn — CryptoQuant.com (@cryptoquant_com) January 29, 2025 TON Market Performance In recent weeks, TON’s price action has been noticeably less bullish. Even as the broader cryptocurrency market experiences gradual gains, TON has struggled to recover, consistently declining and now down roughly 11% over the past two weeks. This divergence from the broader market’s upward momentum may suggest that TON is facing its own bearish pressures, whether driven by chart patterns or on-chain factors. Related Reading: Toncoin Gears Up For A Fresh Rally With Bullish Momentum Building For instance, Renowned crypto analyst Ali recently highlighted that TON has faced significant transfers to exchanges signaling increasing sell-offs. Over 240,000 #Toncoin $TON have been transferred to exchanges in the past week, potentially signaling increased selling pressure as shown by on-chain data from @santimentfeed! pic.twitter.com/FF9BBEMJzL — Ali (@ali_charts) January 29, 2025 Although TON is trading at $4.84 as of now, up 0.4% on the day, this small increase has not been enough to lift the asset out of its current correction. The continued decline in TON’s price has not only reduced its market capitalization but also significantly diminished its daily trading volume. Featured image created with DALL-E, Chart from TradingView

Ethereum performance has lagged behind the broader cryptocurrency market in recent months, with the asset failing to capitalize on the bullish momentum recently seen in the market. While Bitcoin has repeatedly reached new all-time highs, Ethereum has struggled to break past $4,000 and remains well below its 2021 peak of $4,800. Amid this slow recovery, a crypto analyst known as ProjectW has shared insights on the potential for Ethereum’s resurgence, urging investors to consider the long-term picture. In a detailed post on X, ProjectW outlined several factors that could drive Ethereum’s next breakout. The analyst highlighted Ethereum’s years of accumulation within a broad trading range, suggesting that such prolonged consolidation often precedes significant price expansions. Despite the negative sentiment around Ethereum and narratives favoring other networks like Solana, ProjectW emphasized that Ethereum’s long-term upward trend remains intact. A possible retest of the sub-$ 3,000 range could serve as a catalyst, providing the liquidity needed to push Ethereum past $4,000 and set the stage for a broader recovery. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders ETH/BTC Performance And Outlook A key point in ProjectW’s analysis is Ethereum’s ongoing underperformance against Bitcoin. So far, Ethereum has struggled to match Bitcoin’s gains during market rallies and has often faced steeper declines during market corrections. This trend is reflected in the ETH/BTC trading pair, which remains in a bearish structure on higher timeframes. However, the analyst identified a potential reversal zone around $2,700 for Ethereum, which could coincide with a structural shift if ETH/BTC stabilizes at these levels. THE BIG COMEBACK OF ETHEREUM: An Unbiased Evaluation “Ethereum is dead. Solana stole the show.” You’ve probably heard this take a hundred times. The sentiment around ETH has never been worse. And yet – if we strip away emotions and narratives – Ethereum’s long-term… pic.twitter.com/ipkXvuXbnj — ProjectW (@fitforcrypto_) January 29, 2025 The analyst also touched on the role of market makers and institutional players in shaping Ethereum’s price trajectory. According to ProjectW, recent negative coverage of Ethereum—ranging from concerns about the Ethereum Foundation to repeated comparisons with Bitcoin—may not be coincidental. Instead, it could represent a deliberate effort by major market participants to accumulate Ethereum at lower prices, a pattern observed in past market cycles. The involvement of institutional players, such as Trump-affiliated World Liberty Financial reportedly acquiring significant amounts of Ethereum, adds another layer of complexity to the current market dynamics. The analyst wrote: We know how this game works. MMs move price where they want – especially to areas with high liquidity. And how do they do it? Media narratives. Recently, we’ve seen an aggressive push of ETH FUD in major publications. – The Ethereum Foundation being questioned – ETH’s underperformance against BTC being highlighted everywhere Is this really a coincidence? Or is it the same old SM playbook? Flood the market with FUD → Retail panic sells at the bottom → Institutions accumulate. Ethereum’s Core Strengths and Future Outlook Despite recent underperformance, the analyst argued that Ethereum’s core fundamentals remain strong. ProjectW wrote: Despite all the noise, Ethereum remains the most important smart contract network. – The deepest liquidity in DeFi – The highest security & decentralization – It has the strongest developer ecosystem While sentiment is at rock bottom, the actual fundamentals suggest ETH is still the backbone of the space. So where does this leave us? Related Reading: Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge While no rally is guaranteed, ProjectW suggested that Ethereum’s long-term conditions are aligning for potential growth. The analyst concluded with a call to closely monitor Ethereum’s progress in the coming weeks, as market participants await signs of a sustained upward trend. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) has shown a swift recovery, climbing back above $95,000 after experiencing a notable dip below this level just a day prior. This price rebound has reignited discussions among analysts about the underlying market dynamics and potential future trends. Recent insights from CryptoQuant contributors shed light on key metrics influencing Bitcoin’s price behavior, focusing on the Market Value to Realized Value (MVRV) Ratio. Related Reading: Bitcoin Short-Term Holders Now Capitulating: Bottom Here? Current Stance On MVRV Ratio And Its Implications For Bitcoin The MVRV Ratio is a widely used metric that measures Bitcoin’s market value relative to its realized value. It can be used to identify whether the market is overbought or oversold. CryptoQuant analyst KriptoBaykusV2 has analyzed the current MVRV Ratio, which stands at 2.2, indicating a balanced market state. This metric offers valuable insights into Bitcoin’s price cycles, shedding light on historical overbought and oversold conditions. The MVRV Ratio is calculated by dividing Bitcoin’s market value (the total Bitcoin supply multiplied by its current price) by its realized value (the aggregate value of all Bitcoins based on their last movement price). This ratio provides insight into the profitability of Bitcoin holders, helping to gauge market sentiment. Historically, an MVRV above 3 has signaled overbought conditions with higher correction risks, as seen during the 2017 and 2021 bull runs. Conversely, an MVRV below 1 has identified oversold zones, marking potential buying opportunities during bear markets like those in 2018 and 2020. Currently, with the MVRV Ratio at 2.2, the market is in a neutral state, suggesting neither overbought nor oversold conditions. This indicates a balanced environment with the potential for trend shifts. According to KriptoBaykusV2, the MVRV Ratio’s position provides critical signals for both short-term traders seeking tactical opportunities and long-term investors aiming for strategic positioning. Selling Pressure and Short-Term Market Trends Meanwhile, another CryptoQuant analyst, G a a h, highlighted the prevailing short-term selling pressure affecting Bitcoin’s market dynamics. The Take Buy Sell Ratio indicator reveals that selling activity outweighs buying, suggesting that supply currently exceeds demand. This trend is often observed during profit-taking phases near resistance levels, resulting in price corrections or sideways trading. Additionally, short-term holders are reportedly liquidating positions, with many sales occurring at little to no profit. This behavior contributes to increased market volatility and short-term downward pressure on Bitcoin’s price. Although Bitcoin has seen a quick recovery in price now trading above $96,000, G a a h wrote: On the price chart, a bearish structure is forming with a high probability of continuation given the circumstances in the data presented. Featured image created with DALL-E, Chart from TradingView

Ethereum is experiencing a gradual recovery as its price climbs above $3,100. This marks a 2.3% increase over the past day. However, the asset remains in a state of overall decline, down 3.3% over the week. While this modest rebound offers some relief, Ethereum is still grappling with the effects of an overall bearish trend. The ongoing price movement has prompted some analysts to revisit Ethereum’s underlying on-chain metrics to understand what may lie ahead for the cryptocurrency. One key area of focus is Ethereum’s spot exchange reserves. According to a recent analysis by Cryptoavails, a contributor to the CryptoQuant QuickTake platform, the total reserves of Ethereum held on spot exchanges have been steadily declining. This long-term trend points to a shift in how market participants are managing their holdings. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders Ethereum Spot Exchange Reserves Trend According to Cryptoavails, Ethereum reserves on spot exchanges have gone through significant changes over the years. During the 2017-2018 bull market, reserves reached their peak, driven by a surge in investor interest. The 2020-2021 period saw another substantial increase, fueled by the rise of the DeFi ecosystem and Ethereum-based projects. However, starting in late 2021, reserves began a sharp decline as large withdrawals from exchanges became more common. By 2023, reserve levels hit a low point, and by 2024, these reduced levels persisted, signaling a potential supply shortage. This reduction in reserves often indicates that holders are withdrawing Ethereum from exchanges for long-term storage, rather than leaving it available for immediate trading. As a result, the diminished supply on exchanges can create upward pressure on prices. Cryptoavails noted that from 2022 onward, as reserves decreased, Ethereum’s price started to stabilize at higher levels. This pattern suggests that low reserve levels could support further price increases, potentially triggering a new upward trend. Technical Analysis Of ETH From a technical standpoint, Ethereum has shown patterns that analysts interpret as bullish. Several prominent figures in the crypto community have shared their insights. One renowned analyst known as Crypto Ceaser recently highlighted a bounce in Ethereum’s price as a significant opportunity, expressing a view that the cryptocurrency is undervalued and may be poised to reach new all-time highs. $ETH – #Ethereum bounced as expected. This was a huge opportunity. Send it. In my opinion Ethereum is heavily undervalued. I think we will see new ATH’s soon. pic.twitter.com/ljMa1lEpJO — Crypto Caesar (@CryptoCaesarTA) January 28, 2025 However, not all analyses paint a uniformly optimistic picture. Anup Dhungana, another crypto analyst, pointed out a divergence between Bitcoin and Ethereum’s market behavior. While Bitcoin has maintained a steady uptrend, Ethereum’s performance against Bitcoin has been less robust, with the ETH/BTC pair forming lower lows. This divergence reflects reduced investor interest in Ethereum relative to other assets. Related Reading: Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists – Analyst According to Dhungana, the next technical support level for ETH/BTC may lie between 0.028 and 0.026. A rebound from this level could potentially revive broader interest in Ethereum and altcoins, paving the way for another phase of growth. Featured image created with DALL-E, Chart from TradingView

Bitcoin is showing signs of a gradual recovery following its earlier pullback. After dipping below the $100,000 mark, the cryptocurrency has regained ground, currently trading above $102,000. This represents a 6.3% increase over the past two weeks. Amid this upward trajectory, a CryptoQuant analyst has assessed the patterns of Bitcoin’s realized capitalization and UTXO age bands for clues about what might come next. Related Reading: Bitcoin Hovers Above $104K—Analyst Reveals What’s Next Based on Funding Rates What the Data Suggests About Bitcoin’s Future IT Tech, a contributor to the CryptoQuant QuickTake Platform, recently shared insights on Bitcoin’s current cycle behavior. According to the analysis, the proportion of younger UTXOs—coins that have moved recently—has begun to rise. Historically, high levels of younger UTXOs have coincided with cycle tops, as seen during the peaks of 2013, 2017, and 2021. Although the current cycle has not yet reached these extreme levels, the increase in younger UTXOs suggests that newer market entrants are becoming more active. According to IT Tech, based on historical trends, a high proportion of young UTXOs typically signals increased speculation, which can lead to heightened volatility and a potential market top. If this trend continues, Bitcoin could see another leg up before significant distribution takes place. Conversely, if long-term holders maintain their positions, the current rally may still have room to grow. IT Tech emphasized that while current indicators point to increased market activity, the younger UTXO levels remain below historical peaks. Bitcoin’s Next Move: Are We Approaching a Cycle Top or Just Gaining Momentum? “Suggests that we are entering a phase of increased market activity, but the proportion of young UTXOs is not yet at the historical peak levels.” – By @IT_Tech_PL Link ????https://t.co/fVO3Kuavlw pic.twitter.com/pxegbBrpBX — CryptoQuant.com (@cryptoquant_com) January 28, 2025 This provides room for Bitcoin to continue its upward trajectory, but market participants should remain vigilant. IT Tech concluded by noting: The chart suggests that we are entering a phase of increased market activity, but the proportion of young UTXOs is not yet at the historical peak levels. This could mean that Bitcoin still has room for further upside, but traders should closely monitor the ratio of young coins to long-term holdings for potential warning signs of a top. Bitcoin Market Performance At the time of writing, Bitcoin trades at a price of $102,768 marking a 1.3% increase in the past day. This slight surge in price has boosted BTC’s market cap back above $2 trillion—a notable surge from $1.96 trillion seen on Monday. Interestingly, despite this increase, Bitcoin’s daily trading volume has seen an opposite trend currently sitting at a valuation of $50.2 billion, a notable decrease from over $100 billion seen last week. Featured image created with DALL-E, Chart from TradingView

In the past day, Cardano (ADA) has seen a 14% retrace amid the crypto market’s pullback. The cryptocurrency recently saw its price lose the $1 mark, descending below $0.90 on Monday morning. Despite the drop, some market watchers shared a positive outlook for ADA, asserting that a rebound to $1.30 could be around the corner. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ Cardano Holds Key Higher Timeframe Support Cardano, alongside the rest of the market, ended the week with a Sunday bleeding, registering seven consecutive red candles yesterday afternoon. The market pullback continued Monday morning, with Bitcoin (BTC) losing the $100,000 support for the first time in over a week. As the market correction persisted, ADA’s price lost the $0.90 support, hovering between the $0.85-$0.89 range before recovering. Almost two weeks ago, Cardano bounced from the $0.90 support to reclaim the $1 resistance. During this jump, the cryptocurrency surged to its 2025 high but failed to break past the $1.18 resistance level, sending ADA into a downtrend. Since then, the altcoin has failed to turn the $1 resistance into support, hovering between $0.95-$1.02. The recent drop sent Cardano to a two-week low price and back to its end-of-year range of $0.83-$0.95. Nonetheless, the cryptocurrency’s price remains above crucial levels, as some market watchers noted. AMCrypto highlighted that after its 5% recovery from today’s low, ADA was back to its 2-day support level. To the analyst, there is “no need to panic” if Cardano holds the $0.80 support zone. This zone was 2024’s Q1 high, and it has served as a key higher timeframe level, fueling the altcoin’s rally once it has been turned into support in 2021 and late 2024. AMCrypto noted that “For alts to retest major support levels during a bull run is a good sign.” ADA To Reclaim $1 Soon? Other analysts shared similar predictions, suggesting that Cardano’s run would be determined by its next price move. Carl Runefelt stated that “despite the market correction, ADA is still holding on to this massive bullish pennant.” The analyst pointed out that ADA’s chart displays a 2-month bullish formation that targets $1.9 if it breaks out. However, he noted that the first target is the local top of $1.30. Runefelt explained that “if the support holds, we could see a bullish breakout at some point.” Meanwhile, ADA trader Sebastian considers that Cardano needs to close the day above $0.95. He stated it “would be amazing for ADA if this last daily candle turns green” and closes within the symmetrical triangle. Related Reading: Ready To Rocket? Dogecoin Chart Hints At Major Gains Ahead Previously, Sebastian noted that ADA’s “painful consolidation might soon be over,” as the cryptocurrency was “running out of space within this symmetrical triangle and might break out soon.” To the trader, If Cardano gets “back in the chart,” then the recent breakdown will “be busted and will likely result in a pump to the upside.” As of this writing, ADA is trading at $0.90, an 8% decline in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin has seen a modest recovery after dipping below the $100,000 mark earlier today. At the time of writing, BTC is trading just above $101,000, following a 3.7% decline in the last 24 hours. This recent movement appears to have not only instilled hope in investors but has also caught the attention of analysts now closely monitoring on-chain data and short-term holder behavior to understand the asset’s next potential move and the critical levels to watch. Related Reading: Crypto Experts Forecast Bitcoin Market Peak: Bear Market Could Emerge Within 3 Months Key Support level for Bitcoin Yonsei Dent, a contributor to CryptoQuant’s QuickTake Platform, has highlighted key metrics indicating that short-term holders (STH) may play a pivotal role in defining Bitcoin’s immediate support levels. In his latest analysis, Dent identified $89,900 as a critical support level for holders who have held BTC for one week to six months. He noted that most short-term holders remain in profit, which reduces the likelihood of a sudden wave of selling pressure. However, Dent also acknowledged that holders in the three-to-six-month range are at a loss, though their limited market share—9.4% of the Realized Cap—minimizes their potential to disrupt broader market dynamics. Dent’s findings also indicate that the $89,900 level serves as both a technical and on-chain support zone. As market volatility continues to compress, this support level gains importance. Any breach or bounce from this range is likely to draw significant attention from traders and analysts. The data suggests that short-term pullbacks may not trigger widespread panic selling, keeping the market relatively stable around this price mark. With Volatility Highly Compressed, Where is the Key STH Support Level? “This suggests that $89.9k could be a stable support zone, even amid short-term pullbacks.” – By @Yonsei_dent Link ????https://t.co/4ayRJBQlWe pic.twitter.com/iNlBMriS78 — CryptoQuant.com (@cryptoquant_com) January 27, 2025 Major Players Refuse To Sell Their BTC Holdings Meanwhile, another CryptoQuant analyst, Grizzly, provided additional insight into the behavior of long-term and short-term holders. According to Grizzly, the SOPR ratio—measuring the profit ratio between long-term and short-term holders—has not risen as sharply during the current bull run compared to previous cycles. This may indicate a shift in market behavior as Bitcoin matures. Grizzly pointed out that as more cycles occur, investors become less inclined to engage in speculative trading. Instead, they appear to adopt a more measured approach, treating Bitcoin as a long-term asset rather than a quick profit opportunity. Furthermore, Grizzly noted that institutional participation in Bitcoin has fundamentally “altered” market dynamics. With more capital flowing into Bitcoin portfolios rather than exchanges, there is a visible decrease in immediate selling pressure. Related Reading: Bitcoin Poised For ‘Blow-Off Top’: Elliott Wave Analysis Suggests New ATH Of $170,000 This trend, coupled with the maturing investor base, suggests that Bitcoin could enter a new cycle characterized by longer holding periods and fewer speculative fluctuations. Featured image created with DALL-E, Chart from TradingView

Bitcoin has experienced a rollercoaster start to the week, briefly dipping below the $100,000 mark in the early hours of Monday before recovering slightly. This correction came after Bitcoin achieved a new all-time high above $109,000 last week, marking a milestone in the cryptocurrency’s ongoing bull run. At the time of writing, Bitcoin’s price has climbed back above $100,000, leaving investors speculating whether the asset will resume its upward trajectory or enter a prolonged consolidation phase. Amid this, Burak Kesmeci, a contributor to CryptoQuant’s QuickTake Platform. Kesmeci recently highlighted intriguing trends in Bitcoin’s trading volume on Binance, suggesting that current selling pressure may be “easing.” Related Reading: Bitcoin’s Latest ATH: Is The Top Finally In Or Just Getting Started? Taker Sell Volume Shows Signs of Stabilization Kesmeci’s analysis focuses on the Taker Sell Volume metric on Binance, which has shown a noticeable uptick in recent sessions. Historically, Taker Sell Volume spikes have signaled heightened selling activity, eventually giving way to buying momentum. Kesmeci notes that these episodes often coincide with local bottoms as sell orders are completed and new buy orders start to flow in. However, in the past week, hourly data shows a pattern of lower highs in Taker Sell Volume, indicating a gradual decline in selling pressure. This trend suggests that as major sell orders are fulfilled, the influence of sellers is waning, potentially paving the way for renewed buying interest. According to the analyst, if this pattern holds, Bitcoin could be poised for another rally, contingent on sustained buyer engagement at current price levels. What The Stablecoin Market Current Stance Signal For Bitcoin While Kesmeci’s analysis offers a promising outlook, other factors contribute to a more cautious market environment. A separate post by analyst Avocado Onchain highlights the shifting dynamics of stablecoin flows. USDC deposits into exchanges have surged, potentially signaling increased interest in digital assets. However, this influx coincided with Bitcoin’s price falling back below $100,000. Avocado also points to a negative Coinbase Premium, a metric that reflects US-led buying momentum. With this indicator showing weakness, the expected strong support from US investors has yet to materialize. Meanwhile, market sentiment has been influenced by speculation over a potential bubble in US AI tech stocks, as well as concerns about broader corrections in risk assets. Related Reading: Bitcoin Sudden Breakdown: Price Falls Below $100,000 Support Under these conditions, Avocado highlighted that Bitcoin may face an extended consolidation period before resuming its upward climb. The analyst wrote: Bitcoin is more likely to undergo a substantial consolidation period before showing signs of recovery, rather than rebounding in the short term. Thus, it is important to approach the market with a long-term perspective rather than a short-term one. I remain optimistic about Bitcoin셲 long-term outlook. Featured image created with DALL-E, Chart from TradingView

In the past months, Bitcoin has broken multiple resistance levels to achieve consistent all-time highs each month. So far, the asset’s latest all-time high sits above $109,000 marking a more than 150% increase in year-over-year performance. Amid this price performance, CryptoQuant analyst Gaah has recently examined Bitcoin’s current position in the market cycle and whether the asset might be nearing a peak. Related Reading: Bitcoin Profit-Taking Drops 93% From December Peak – What’s Next For BTC? Bitcoin: Is The Top In? According to Gaah’s analysis, the Index of Bitcoin Cycle Indicators (IBCI)—a composite metric that includes on-chain data points like the Puell Multiple, MVRV, NUPL, and SOPR—has entered the “distribution region” for the first time in eight months. While this doesn’t “yet confirm a market top,” it serves as a cautionary signal that Bitcoin could be approaching the final stages of its current bull cycle. For IBCI to hit a definitive top, all its components would need to reach their historical peak levels, according to the analyst. However, as long as the IBCI remains above 50%, the broader market trend remains bullish, indicating continued demand and the potential for further price increases. Beyond the IBCI, Gaah notes that additional on-chain indicators present a mixed picture. While the NUPL metric hovers near its upper range, suggesting a possible end to the bull run, the Puell Multiple remains closer to the lower zone, which could indicate room for continued growth. This interplay of signals suggests that the market may not have reached a definitive top just yet. According to Gaah, historically, a fully realized IBCI peak has preceded corrections and longer-term bear phases. However, the current position offers room for optimism, provided that demand remains strong and other indicators remain supportive. Related Reading: Bitcoin Capital Inflows See Notable Slowdown, But Is This A Worry? Another Diverging Interpretation In contrast to Gaah’s cautious perspective, another CryptoQuant analyst, Burak Kesmeci, highlights a different scenario using the Bitcoin NVT Golden Cross. This metric, designed to spot local tops and bottoms, recently fell to its lowest point in 60 days, signaling a potential “local bottom.” Kesmeci explains that historically when the NVT Golden Cross drops below -1.6, it often indicates that the asset is trading within a bottom range. As Bitcoin recently pulled back by about 7.5% after reaching its all-time high, the metric’s current reading could be a precursor to renewed upward momentum. Kesmeci wrote: Rather than indicating a specific price level, this metric suggests that Bitcoin may be trading within a local bottom zone. Historically, such signals have often preceded recovery and trend reversals, making it an important indicator to monitor. Featured image created with DALL-E, Chart from TradingView

Ondo (ONDO) has seen a 10% surge in the last 24 hours, reclaiming key levels and attempting to break out of its downtrend while most of the market continues moving sideways. Some analysts suggest that the new crypto-friendly administration could propel the token’s price to a new all-time high (ATH). Related Reading: $30 Million Hack Alert? Crypto Exchange Phemex Suspends Withdrawals After Suspicious Transactions ONDO Targets Rally To New ATH On Friday, tokenized real-world asset (RWA) platform Ondo Finance saw its native token lead the crypto market with its 11% daily surge. The cryptocurrency surged past the $1.50 mark for the second time this week, reigniting investors’ sentiment about the token. Over the past three months, the token has registered a 120% jump, climbing from the $0.60 mark to its current price range. Moreover, the post-election rally propelled the cryptocurrency to its latest ATH of $2.14, fueled by Donald Trump’s DeFi project’s buying spree. In December, Trump’s World Liberty Financial (WLF) went on a crypto buying spree worth $45 million, acquiring millions in Ethereum (ETH), Chainlink (LINK), Aave (AAVE), and other tokens. Halfway through the month, WLF purchased 134,216 ONDO tokens for 250,000 USDC, propelling ONDO’s price above the $2 mark. Nonetheless, the cryptocurrency’s bullish momentum was halted after the December 19 market correction, which saw ONDO retrace to $1 in the following days. Since then, ONDO has been unable to reclaim the $1.60 resistance level, hovering between the $1.09 and $1.45 price range for most of the month. Crypto trader Miky Bull noted the token’s bullish performance as it attempted to break out from its downtrend today. The crypto has been in a one-month downtrend since hitting its latest ATH, with an attempted breakout at the start of the year. Today, the token is attempting another breakout, currently holding above the downtrend line. Per the post, the “king of RWA”’s breakout could target the $2-$3 price range. However, the cryptocurrency needs to remain above the $1.30 level to confirm the break. Additionally, ONDO should hold near the $1.50 mark to continue its bullish trajectory toward the $1.60 resistance. New Pro-Crypto Administration To Fuel American Tokens? Market watcher Detoshi pointed out that ONDO has recovered a key level after its recent performance, which could support a rally toward a new ATH. According to the post, the token has reclaimed its previous ATH level, which was a crucial resistance before the December pump and significant support during the smaller market corrections. Meanwhile, Altcoin Sherpa also highlighted ONDO’s performance, stating that the cryptocurrency’s chart is “looking strong,” adding that it was a “good beneficiary of a pro-crypto administration.” Similarly, Analyst Ted Pillows suggested that investors should “keep an eye on Trump and his wallet,” which includes ONDO, as these tokens are expected to perform well during the next leg up. Related Reading: Solana (SOL) To $300 This Month? ‘All Bets Are Off’ Once It Reclaims This Level Notably, a “Made in the USA” category was created on platforms like CoinGecko and CoinMarketCap for Trump’s inauguration. This category includes ONDO, TRUMP, SUI, and other big players like Solana (SOL), Cardano (ADA), and XRP. Crypto leaders and investors anticipate that these tokens might be the “next big narrative,” fueled by the new US industry-friendly government and the expected end of the “regulation by enforcement” approach led by the previous administration. As of this writing, ONDO trades at $1.51, a 20% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum is now demonstrating steady price growth, posting a 6% rise in the past day as the broader cryptocurrency market rallied. This upward momentum follows news of a US executive order establishing a national digital asset stockpile, contributing to a positive market environment. Amid this backdrop, CryptoQuant analyst ShayanBTC has provided a fresh perspective on Ethereum’s current trajectory. Shayan highlights an interesting divergence between the increasing open interest in Ethereum futures and the price, which has yet to reach previous highs. Related Reading: Ethereum’s Price Stalls Below $3,500 as Leverage Ratios Climb—What Next? Growing Futures Market and Divergent Price Action According to Shayan in a post recently uploaded on the CryptoQuant QuickTake platform, Ethereum’s open interest—an indicator of active futures contracts—has surged to its highest levels in recent weeks, indicating heightened market participation and growing interest among traders. The analyst notes that the rise in ETH’s open interest and slow price response suggests a disconnect between market sentiment and price performance. While futures traders appear optimistic, this optimism has not yet translated into Ethereum breaking key resistance levels. The analyst wrote: Interestingly, there is a divergence between Ethereum’s price and futures market activity. Despite the significant increase in open interest, the price has yet to break its previous highs, showcasing a potential imbalance between market expectations and price action. Shayan also notes that elevated open interest could lead to volatility. Historically, large buildups in open interest have been followed by significant price swings as positions are liquidated. Although the direction of the next move remains uncertain, current activity and sentiment lean toward a potential bullish breakout. Shayan suggested that if Ethereum can surpass critical resistance, it could pave the way for a more prolonged rally. Market Concerns And Bearish Indicators In contrast, another CryptoQuant analyst, Darkfost, presents a more cautious outlook. Darkfost points to a range of bearish factors, including increasing Ethereum inflows and reserves on Binance. According to the data shared by Darkfost, since September 2024, Ethereum inflows have consistently outpaced outflows, leading to a rise in exchange reserves. This trend reflects selling pressure, as more Ethereum is moved to exchanges, potentially indicating an intent to sell rather than hold. Related Reading: Ethereum Price Revival: What the Signs Say About Its Next Move Additionally, Binance’s taker buy-sell ratio has remained bearish for months, showing a consistent dominance of sell orders. Darkfost reveals that the shift in these metrics suggests that some investors may be locking in profits or reallocating capital elsewhere, leading to a more cautious market sentiment. Featured image created with DALL-E, Chart from TradingView

Crypto exchange Phemex appears to have been the victim of a multi-million exploit on Thursday, according to online reports. Millions worth of USDT, USDC, Ethereum (ETH), and other crypto assets were stolen from the exchange’s hot wallets, resulting in a temporary half of withdrawals. Related Reading: Solana (SOL) To $300 This Month? ‘All Bets Are Off’ Once It Reclaims This Level Phemex Suffers First Crypto Exchange Hack Of 2025 On Thursday morning, the first crypto exchange hack of the year hit the industry. Multiple reports revealed suspicious activity involving Phemex’s hot wallets was taking place over several chains. Blockchain security firm Cyvvers shared on X it had detected multiple transactions to several suspicious wallets on different chains, “including BNB, ETH, OP, POL, BASE, and ARB.” The security firm’s initial report stated that over $29 million worth of crypto had been transferred to the suspicious addresses, later raising the sum. “Upon deeper analysis, it has come to light that both BTC and TRON blockchains have also been impacted, with the estimated total loss now reaching approximately $37 million,” the update read. Cyvvers seemingly identified around 125 suspicious transactions spread across the different blockchains and noted that the attackers had started swapping the tokens to Ethereum (ETH) to avoid potential freezing measures. Meanwhile, on-chain data analysis firm Lookonchain broke down the crypto heist, stating that the hack had taken around $31 million worth of crypto assets. According to the analysis, 3.48 million USDC, 3.42 million USDT, and 841 ETH, worth $2.7 million were drained from the exchange’s hot wallet. Additionally, the attackers took 110,701 LINK, 142 billion PEPE, 1.19 million FET, and 29,509 AVAX, valued at around $7.3 million combined. Lookonchain also listed ONDO, TRX, CRV, JASMY, AAVE, SHIB, GRT, and BRETT, as part of the stolen crypto assets. Compensation Plan In The Works After the news, Phemex CEO Federico Variola confirmed the attack on one of the crypto exchange’s hot wallets. Variola assured users that Phemex’s cold wallets remained safe and that they were investigating the reports. The exchange then announced on X the temporary halt of withdrawals due to the emergency inspection and strengthening of the security measures but did not offer further details about the incident. To ensure security, withdrawals have been temporarily suspended while we conduct an emergency inspection and strengthen wallet services. We sincerely apologize for the inconvenience. Withdrawals will be restored soon. Phemex and the development team apologize for the disruption. Our mission to provide a seamless and trusted trading environment remains firm. Nonetheless, the post stated that ongoing business operations were fine and that trading services continued as usual. Phemex’s team also revealed they are working on a compensation plan, which will be announced soon. It’s worth noting that, in 2024, the number of hacks and total value lost increased from the year prior. According to Chainalysis data, 2024 was the fourth consecutive year in which the funds stolen from crypto hacks exceeded the billion-dollar mark. Related Reading: Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch Additionally, the total value stolen surged to $2.2 billion last year, and it became the year with the most individual hacks, reaching 303 incidents by December. Centralized exchanges (CEXs) were the most targeted platforms in Q2 and Q3, recording some of the largest incidents in the industry’s history, while Decentralized finance (DeFi) platforms accounted for the largest share of stolen assets in Q1, like most quarters between 2021 and 2023. Featured Image from Unsplash.com, Chart from TradingView.com

After some volatile days, Solana (SOL) has broken out of a three-day downtrend, fueling inventors’ bullish sentiment for its short-term performance. A crypto analyst suggested that SOL might be preparing to surpass $300 soon if a key level is reclaimed. Related Reading: Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch Solana Holds Despite Volatility Solana, the fifth-largest crypto by market capitalization, has performed remarkably over the last week, fueled by US President Donald Trump’s token launch. Last Friday, President Trump launched his official memecoin, TRUMP, on the Solana network after months of speculation and fake launches. The launch kickstarted a three-day crypto market frenzy that propelled TRUMP to an all-time high (ATH) of $75 and a market capitalization of $15 billion. Amid the frenzy, Solana jumped 25% in 24 hours, hitting $270 before climbing another 9.5% to its new ATH of $295.83. Moreover, Solana’s Total Value Locked (TVL) surpassed its 2021 record of $10.02 billion and hit $12.1 billion on Sunday, DeFiLlama data shows. Analyst Rekt Capital noted that Solana needed a weekly close above $250 followed by a possible retest to confirm its breakout from the re-accumulation range. However, the second launch of a Trump-related memecoin sent SOL’s price 12% down, closing the week at $241. On Sunday afternoon, Us First Lady Melania Trump announced her official memecoin, MELANIA, on social media. The token received heavy backlash from the community, and the crypto market saw a 6.6% correction in a few hours, with Bitcoin dipping below momentarily $100,000. Despite the correction, SOL held above the weekend breakout levels, hovering between the $230 to $270 price range over the last three days but failing to hold above $260 for most of this period. SOL Preparing For Jump To $300 On Wednesday, Solana’s price saw a 10% surge to $264 before retracing. Crypto analyst Jelle highlighted that the “SOL hourly chart just looks like it wants another stab at $300 this month.” The analyst pointed out that the cryptocurrency had broken out of its three-day “Post-trump shitcoin launch downtrend,” while indicators like moving averages were “back to bullish.” The post also noted that SOL’s recent performance was trying to reclaim November highs. According to Jelle, the cryptocurrency displays bullish momentum and is “on the edge of entering price discovery” like BTC. He also noted that Solana has turned its previous high against its Ethereum (ETH) trading pair into support. As a result, reclaiming the $260 range could propel SOL’s price to new highs. “Reclaim $264, and all bets are off,” he stated. Similarly, Nebraskangooner shared a positive outlook for Solana, noting that it is “consolidating right at all-time highs… no reason to think this doesn’t melt up from here.” Related Reading: Analyst Says Bitcoin Is Entering Second ‘Price Discovery Uptrend’, What’s Ahead For BTC? Analyst Byzantine General suggested there could be “a bit more chop because we are at OI resistance, but it might have already bottomed out,” but concluded that Solana “looks pretty good” in the short term. As of this writing, SOL is trading at $255, a 2.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin currently appears to be taking a breather after achieving a new all-time high (ATH) above $109,000 earlier this week. So far, the asset has seen a slightly reduced upward momentum with the price just hovering above $104,000.  However, despite the slowing upward momentum, Bitcoin’s recent performance has prompted renewed interest in the market. CryptoQuant analyst Burak Kesmeci has recently shared insights into Bitcoin’s price behavior and key market indicators, shedding light on potential future moves. In a recent post on the CryptoQuant QuickTake Platform, Kesmeci’s analysis focused on Binance Bitcoin Funding Rates, a metric that provides notable clues about market sentiment and dynamics. By reviewing historical data from previous bull cycles, he identified three distinct phases that can serve as a framework for interpreting the current market environment. Related Reading: Bitcoin Short-Term Holders Are Selling at a Loss: What This Means For BTC What’s Next For Bitcoin Based On Funding Rates? According to Kesmeci, during the 2020-2021 bull run, Binance Bitcoin Funding Rates moved through three distinct phases: Phase 1 (July 2020): Funding rates remained stable at 0.01 for weeks before demand surged. This phase acted as the “calm before the storm,” leading Bitcoin from $9,000 to $12,000 as funding rates rose to 0.10. Phase 2 (November 2020): After an initial rally, Bitcoin experienced a correction. Funding rates briefly turned negative before flipping positive, supporting Bitcoin’s climb from $12,000 to $19,000. Phase 3 (December 2020): As Bitcoin surpassed its previous highs and crossed the $60,000 mark, funding rates climbed significantly, reflecting strong market support. Currently, Kesmeci notes that Binance Bitcoin Funding Rates are at the baseline level of 0.01—consistent with the early stages of a bull cycle. The analyst wrote: Analyzing recent data, I believe we’ve completed the first two phases of this bull cycle. For the third phase, I’ll be closely watching if the Binance Bitcoin Funding Rates exceed 0.01. The analyst mentioned that a sustained rise above the 0.01 level would suggest heightened futures market activity and could lead to another significant upward move. However, Kesmeci also cautions that elevated funding rates are often unsustainable, and markets tend to correct through “long squeeze” events that restore balance. Key Metrics and Divergences in the Market In a separate analysis, another CryptoQuant analyst TraderOasis explored several critical metrics, including the Coinbase Premium Index, open interest, and funding rates. These indicators give a picture of Bitcoin’s market health and potential direction. TraderOasis highlighted a divergence between the Coinbase Premium Index and Bitcoin’s price movement. While the asset reached a new peak above $109,000, the Coinbase Premium Index formed a lower high. This lack of alignment raised concerns about the sustainability of the current price trend. Moreover, a divergence between open interest and price also suggested that the market might lack the robust foundation needed for continued upward momentum. According to TraderOasis, a healthy uptrend requires these metrics to be more closely aligned, which would signal strong investor confidence and a stable market structure. Looking at funding rates, TraderOasis observed a recent bearish sentiment among traders. However, he noted that such conditions often precede sharp price movements. The analysis suggested the possibility of an initial upward spike to shake out bearish positions, followed by a subsequent pullback. This pattern, if realized, could set the stage for a more sustainable long-term uptrend. Featured image created with DALL-E, Chart from TradingView

Bitcoin recently achieved a new all-time high, climbing above $109,000 and continuing its strong upward momentum. This performance has further highlighted the disparity between Bitcoin and Ethereum’s price trajectories, with Ethereum underperforming in recent months. While Bitcoin has captured attention for its resilience and gains, Ethereum faces challenges that have weighed on its progress. According to Percival, a CryptoQuant analyst, the new regulatory clarity provided by the pro-crypto administration in the US is contributing to Bitcoin’s strength. In contrast, Ethereum’s internal difficulties, coupled with declining demand in the spot market, have created a challenging environment for the asset. This divergence highlights how the two leading cryptocurrencies are currently moving along very different paths, with Bitcoin thriving and Ethereum struggling to maintain its footing. Related Reading: 1 Million Bitcoin Pulled From Exchanges In The Past 3 Years: What It Means For The BTC Market Ethereum’s Decline and Market Sentiment Percival pointed out that Ethereum’s struggles can be seen in several key metrics. Spot market transactions have dropped dramatically since the previous cycle, with current volumes at $8 billion compared to $52 billion during the bull market’s peak in early 2021. This represents a sharp reduction in demand, signaling that Ethereum’s current bull market participation is significantly diminished. Additionally, data shows that Ethereum has returned to levels seen in 2016, with a majority of trading days now classified as “unprofitable” when compared to Bitcoin. These challenges, according to Percival, have prompted concerns that Ethereum may need to establish a “bottom” before it can regain stability. Without this stabilization, investor sentiment could become increasingly volatile, potentially leading to further price declines. The analyst also suggests that until Ethereum can address its internal issues and rebuild confidence, its underperformance relative to Bitcoin is likely to persist. Bitcoin Momentum And Market Structure While Ethereum struggles, Bitcoin continues to benefit from favorable market conditions and positive sentiment. Percival notes that macroeconomic factors, along with increasing regulatory clarity, have positioned Bitcoin for continued growth. The Choppiness Index, an indicator of market consolidation and trend readiness, currently signals that Bitcoin has built the necessary strength to sustain its upward trajectory. The analyst believes that Bitcoin’s current market structure supports further gains in the coming days. Particularly, after a period of consolidation, Bitcoin appears poised to extend its rally, attracting more investor interest and reinforcing its position as the leading cryptocurrency. Related Reading: Ethereum Struggles As Bitcoin Dominance Pushes ETH/BTC Pair To 4-Year Low As Ethereum grapples with its challenges, Bitcoin’s steady momentum highlights the stark contrast between the two assets’ market dynamics. However, it is worth noting that it’s not all gloom for Ethereum. According to a recent post from renowned crypto analyst Ali, Q1 might just be Ethereum’s year of sudden rebound. Q1, particularly in odd-numbered years, has historically been when #Ethereum $ETH delivers its strongest performance! pic.twitter.com/Gq2iEtRGfi — Ali (@ali_charts) January 18, 2025 Featured image created with DALL-E, Chart from TradingView

The ongoing TRUMP memecoin frenzy has sparked the creation of hundreds of tokens inspired by the US president and his family. A recent report revealed malicious tokens and dApps using Donald Trump references skyrocketed since Friday, targeting unsuspected investors and non-crypto people. Related Reading: Bitcoin Struggles For Direction Post-Trump Disappointment – What Next? Trump-Themed Scams Skyrocket Over the weekend, US President Donald Trump surprised the crypto industry by launching his official memecoin, TRUMP. The token received heavy criticism, with several crypto investors calling the President’s memecoin venture a “big red flag.” Many community members initially suspected the token was a hacking scam, while others expressed reservations about TRUMP’s tokenomics. Regardless of the doubts, the memecoin eclipsed the market, skyrocketing to $30 in a few hours and hitting an all-time high (ATH) of $75 a day later. Web3 security platform Blockaid shared that TRUMP’s successful launch also ignited a “rapid proliferation of malicious tokens, fake dApps, and scams using the Trump name and branding,” following the trend of scammers leveraging major news events in the crypto industry to target unsuspecting users. According to the report, tokens with the “Trump” name increased by 206% on the launch day. The report stated, “Many of these tokens used misleading branding to lure investors.” The chart shows that since late December, the number of new malicious tokens with the word “Trump” has hovered between 2,000 and 3,000 daily. However, this number increased to 6,800 tokens deployed on Friday, double the usual 3,300 Trump-inspired tokens created daily. Additionally, the number of fake dApps deployed saw record rates over the weekend. The malicious applications are often used to “trick users into connecting their wallets, allowing scammers to drain funds.” Blockaid reports that impersonator dApps using President Trump’s name saw a 14x increase after the launch, with 91 malicious dApps deployed in 24 hours. Trump Memecoin Frenzy Continues The report highlighted that scammers didn’t stop at Trump-themed tokens. Memecoins with metadata referencing the Trump family, including Melania and Barron-inspired ones, surged by 592% over the weekend, “creating the illusion of an interconnected ecosystem.” It’s worth noting that US First Lady Melania Trump announced the launch of her official memecoin, MELANIA, on Sunday afternoon. The launch pushed the crypto market to a 6% correction, with Bitcoin (BTC) dropping below $100,000, and TRUMP declining 49% in an hour. On Inauguration Day, DexScreener’s main page showed a plethora of memecoins inspired by the Trump Family. Of the top 15 tokens, 11 were related to the presidential family, including the official TRUMP and MELANIA memecoins. Fake Donald Trump Jr, Ivanka, and Eric memecoins were also launched, alongside Trump-related figures like US Vice President JC Vance and Elon Musk. Despite the several Musk-themed tokens already existing, the recently launched memecoins used branding inspired by the official Trump tokens. Related Reading: Analyst Says Bitcoin Is Entering Second ‘Price Discovery Uptrend’, What’s Ahead For BTC? Moreover, the Trump memecoin frenzy continued as the US President was sworn into office. A video shared on X shows that during Trump’s inauguration speech, community members created several new tokens themed after the speech. Users flooded the market with dozens of memecoins using phrases like “Make America respected again” or “America will be admired again” just seconds after the US President pronounced them, potentially attempting to lucre from the ongoing hype. As of this writing, the official TRUMP memecoin trades at $37.6, a 1.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the new crypto-friendly administration takes office, crypto investors expect a likely volatile market. However, some analyst shared their bullish predictions as Bitcoin (BTC) hit its latest all-time high (ATH) of $109,000. Related Reading: $24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible Bitcoin Hits New ATH On Inauguration Day Last week, Bitcoin surged past the $100,000 barrier for the first time in over ten days amid the bullish expectations of January 20. The flagship crypto continued consolidating above this key level over the weekend, fueled by US President Donald Trump’s latest crypto moves. On Friday, the incoming US President surprised the crypto industry by launching his official TRUMP memecoin. The token saw a massive surge, hitting a $75 all-time high (ATH) and a market capitalization of $15 billion but facing significant backlash from the crypto community. As the token eclipsed the market, Bitcoin turned the key $102,000 resistance level as a support zone, propelling the price to a one-month high of $106,000. However, the market saw a 6% correction on Sunday afternoon after the then-incoming First Lady launched her memecoin, MELANIA. BTC dropped below the $100,000 mark before quickly recovering, closing the week near the recently reclaimed level. Ahead of Trump’s inauguration, Bitcoin’s price jumped 8.5% to its new all-time high of $109,588. Daan Crypto Trades noted BTC’s good start to the week after it “opened up with a small CME gap today but closed that straight away and went straight to new all-time highs,” adding that it will be an interesting week. Daan also signaled that today would likely be a “very volatile day in both directions” for the market but advised investors to “focus on what you expect for Q1 and not the next day.” BTC Price To Continue Soaring? Crypto analyst Altcoin Sherpa suggested that BTC’s price could see short-term volatility depending on Trump’s comments during his Inauguration speech. “If a Strategic Bitcoin Reserve is announced, I think BTC puts in a god candle, and everything sends,” he stated, adding that a lack of mention could start a momentary pullback. Despite the potential short-term shakeouts, some analysts highlighted that Bitcoin is entering a new price discovery phase. Rekt Capital stated, “History suggests this first Price Discovery Correction is now over.” According to the analyst, the December retrace was part of BTC’s “post-halving Parabolic Upside Phase.” Bitcoin enters a parabolic period that lasts around 300 days, each cycle after every Halving event, with the first price correction historically beginning between Weeks 6 and 8 of each parabolic phase. Related Reading: Solana Bulls Counter Bearish Pressure To Keep Price Above $240 After the recent price action, the analyst announced the second Price Discovery Uptrend lies ahead. He explained that “Bitcoin is now trying to breakout from its $101k-$106k range Daily Close above the $106k Range High resistance followed by a post-breakout retest would confirm the breakout and bring Bitcoin one step closer to additional Price Discovery.” Analyst Crypto Jelle highlighted BTC’s multi-year cup and handle pattern, which “looks like Bitcoin wants to get it over with.” The analyst suggested that the flagship crypto won’t “be waiting much longer,” adding that the long-term target remains $140,000. As of this writing, Bitcoin trades at $104,564, a 1% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Following weeks of declines, Ethereum (ETH) seems to have begun its recovery, closely tracking Bitcoin’s upward movement. As of today, ETH has reclaimed the $3,300 level, reflecting a 7.5% increase over the past week. This rebound has sparked renewed interest among market participants, who are closely watching Ethereum’s next moves, particularly in light of improving market sentiment and key metrics indicating the potential for further gains. Related Reading: Ethereum Price Faces Another Rejection: Will Momentum Return? Renewed Market Optimism Observed, Road To $3,500? A CryptoQuant QuickTake Platform contributor ShayanBTC recently highlighted that Ethereum is consolidating within a range of $3,200 to $3,500. According to Shayan, market dynamics around this price range suggest that a bullish breakout could be on the horizon. While funding rates—a critical indicator of market sentiment—initially declined, it has begun to rise again, signaling a renewed appetite for long positions and greater confidence in Ethereum’s near-term performance. As Ethereum edges closer to the $3,500 resistance level, the supply and demand dynamics at this price point are drawing significant attention. The presence of notable supply in this range emphasizes the importance of sustained bullish momentum for a breakout. Shayan has pointed out that the funding rates metric will be a key indicator to watch. If funding rates continue to rise, it could signify heightened market optimism, increasing the likelihood of Ethereum pushing beyond $3,5000. According to Shayan, for Ethereum to overcome this critical resistance, the futures market must maintain and strengthen its bullish sentiment. This will require not only a continued rise in funding rates but also an overall increase in long positions and trading activity. The interplay between these factors will determine whether Ethereum can achieve a decisive breakout, making the upcoming market action pivotal for traders and investors. Ethereum Market Performance And Outlook So far, Ethereum is currently trading for $3,346, at the time of writing with the asset recording an increase of 1.3% in the past day. Meanwhile, on the weekly time frame, Ethereum has surged by more than 10% in price suggesting a consistent upward momentum in the past 7 days. Related Reading: Ethereum Whales Double Holdings To 43% Post-Merge – Details However, despite this increase in ETH’s price, the asset is still roughly a 31.3% decrease away from its all-time high (ATH) of $4,878 registered in November 2021. Interestingly, despite this, some analysts are still quite bullish on Ethereum, especially with the new pro-crypto administration. A renowned crypto analyst on X known as Trader PA recently shared in a post a bullish pattern on ETH’s chart in which if ETH makes a breakout it could see a significant rally. Trump will send Ethereum to $5,000. He already bought $72mil in the past 48 hours. pic.twitter.com/PwzYj5byhC — TraderPA (@Trader1PA) January 20, 2025 Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) has shown notable recovery since this week began, climbing back above $100,000 and now trading at $104,430. This upward move represents a 4.9% daily gain and more than a 10% increase over the past week. Analysts have been examining this rally closely, noting that it mirrors patterns observed in past market cycles. Specifically, the role of market pullbacks—often seen as discouraging by short-term investors—has emerged as a critical factor behind Bitcoin’s long-term strength. Related Reading: Is Bitcoin’s Upward Cycle Back? Key Insights Into The Latest Recovery Bitcoin Larger Rally Ahead, Here’s Why According to datascope, a contributor to CryptoQuant’s QuickTake platform, Bitcoin’s most significant rallies have frequently originated in so-called “bear zones.” These are periods when the market dips sharply, and sentiment turns pessimistic. However, the analyst emphasizes that these pullbacks are more than just periods of loss; they are times when patient investors can position themselves for future gains. The current recovery, as the analyst explains, aligns with a historical pattern where Bitcoin tends to emerge stronger after periods of sharp declines. Datascope wrote in a post on the CryptoQuant QuickTkake platform: When we look at Bitcoin’s pullbacks, a fascinating pattern emerges! What happens in those red-marked zones? The market takes a dive into the “bear zone,” and it feels like all hope is lost. But this is exactly where the magic begins!. By examining past performance, datascope found that Bitcoin’s strongest upward moves have historically followed these bearish periods. Rather than panic-selling, holding steady during these moments has proven advantageous for those looking to capitalize on the eventual market rebound. According to the analyst, “these patterns highlight the importance of market psychology and the power of patience.” Datascope concluded by noting: The takeaway is simple: if you can read Bitcoin’s ups and downs, pullbacks don’t have to be scary—they can be opportunities. While red zones might initially seem discouraging, history proves that the rebounds from these levels are often far more impressive. Patience wins! Coinbase Premium Index Signals Bullish U.S. Sentiment Meanwhile, another reason why Bitcoin’s ongoing recovery could lead to a larger rally is the fact that Coinbase Premium Index (CPI), has returned to positive territory for the first time since early January. This metric reflects the difference between Bitcoin’s prices on Coinbase and other exchanges, often seen as a gauge of US investor sentiment. The recent move into positive territory suggests that American buyers are reclaiming market influence, potentially driving Bitcoin’s recent gains. Related Reading: Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News? Burak Kesmeci, another contributor to CryptoQuant, observed that US investors are showing renewed interest in Bitcoin as the inauguration of the new administration approaches. Kesmeci noted that the positive CPI readings indicate a market dominated by buyers on both daily and hourly timeframes. This shift in sentiment comes as Bitcoin reclaims the $100,000 milestone and may signal a broader trend of optimism among US investors. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) has seen a steady price recovery following the recent release of the US Consumer Price Index (CPI) report. It is now trading above $103,000. This marks an 8% gain over the past week, driven by growing interest from large investors and a shift in market dynamics. According to the latest insights from CryptoQuant Analysts, some underlying whale activity factors might be influencing Bitcoin’s current trajectory. Related Reading: Rising Bitcoin Prices Defy Exchange Inflows: What Investors Need to Know Bitcoin Price Rebounds Amid Growing Whale Activity CryptoQuant QuickTake Platform contributor Joao Wedson has recently highlighted a noteworthy trend in whale behavior on Binance, the world’s largest crypto exchange. In a recent analysis, Wedson examined the Exchange Whale Ratio, which measures the share of Bitcoin’s largest inflow transactions relative to the total exchange volume. This metric, according to the analyst has now reached historical highs, signaling that large holders—often referred to as whales—are transferring significant amounts of Bitcoin to the exchange. The increased movement of Bitcoin by whales may indicate that they are preparing for substantial buy or sell actions, potentially amplifying market volatility. Wedson added: Stay alert! Intense movements by major players can bring volatility risks but also unique opportunities for those closely monitoring the market. Understanding New Whale Movements and Market Cycles In addition to whale activity on Binance, another CryptoQuant contributor, KriptoBaykusV2, provided insights into the emergence of new large investors in the market. According to KriptoBaykusV2, the “New Whales” indicator highlights the influx of previously inactive large investors acquiring Bitcoin. Over the past three years, this metric has grown steadily, suggesting heightened interest in the cryptocurrency market. However, the entry and exit of new whales often coincide with price swings, making it a key factor for understanding market cycles. Related Reading: Bitcoin May Target $145,000 To $249,000 Under Trump Administration: Report Historical data shows that peaks in new whale activity often align with periods of price volatility. For example, during 2021 and 2023, sharp increases in the number of new large investors were followed by significant price corrections. KriptoBaykusV2 wrote: Understanding whether the market is in a bull or bear phase is crucial for investors. Increases in the number of new whales often signal the start of bull markets, while the sharp corrections that follow these movements can indicate the onset of bear markets. This is especially evident from 2021 onwards, where these fluctuations are clearly visible Meanwhile, Bitcoin is currently trading at a price of $103,985, at the time of writing marking not only a 4.9% increase in the past day but also a nearly 10% surge in the past two weeks. Featured image created with DALL-E, Chart from TradingView

FTX’s $1.2 billion repayment is seen as a significant liquidity event for the industry that may bolster cryptocurrency valuations.

The Bitcoin price has once again pushed above the $100,000 level after three consecutive days of price increases. Particularly, Bitcoin’s return above $100,000 comes on the back of a 12.5% increase after it bounced off the $90,000 support level on Monday, January 13.  As expected, this positive momentum with Bitcoin has flowed into other cryptocurrencies. Major altcoins have mirrored Bitcoin’s surge, contributing to a notable increase in the overall cryptocurrency market capitalization A byproduct of this crypto market cap increase has been a simultaneous movement in the Crypto Fear and Greed Index, which is now moving to the Extreme Greed threshold. Fear And Greed Index Moves To Extreme Greed The Crypto Fear And Greed Index is a popular index that measures market sentiment on a scale of 0 to 100. The scale is classified from the lower end of extreme fear up to the higher end of extreme greed and a neutral zone in the middle. Periods of extreme fear are characterized by oversold conditions and bearish market sentiment, often presenting buying opportunities. Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes On the other hand, when greed dominates, it often signals overbought conditions. It also opens up a possibility that a correction or crash might be close, especially if there is a quick switch from neutral to extreme greed. The entire crypto market cap has witnessed steady inflows this week. Data from CoinMarketCap shows that the total cryptocurrency market cap began the week around $3.14 trillion. This figure has risen to $3.57 trillion at the time of writing, representing an inflow of about $430 billion in the past five days. This 13.5% jump points to increased optimism as Bitcoin and a few major altcoins are now looking to return to new highs. These recent inflows into the crypto market have seen the index moving from a neutral threshold at the beginning of the week to a greed threshold at the time of writing. What’s particularly striking is the speed at which sentiment has shifted. As of now, the index is nearing the extreme greed threshold, a zone that suggests the market could be entering overbought territory. Where Does The Bitcoin Price Go From Here? The market’s ability to maintain its course and maintain a sentiment of greed hinges on Bitcoin’s ability to maintain a price above $100,000, given its dominant position in the market. Should the bulls succeed in defending the $100,000 mark and establishing it as a solid support level, this could mitigate the risk of extreme greed leading to overbought conditions and a subsequent downward correction. Related Reading: BONK Price Ready To Surge 1,105% From Here? Analyst Reveals Key Levels To Watch A support above $100,000 would essentially reset the Crypto Fear And Greed Index around this level. Failure to hold above $100,000 could validate the historical trend that an extreme greed sentiment usually leads to a crash.  At the time of writing, Bitcoin is trading at $101,420 and is up by 1.6% in the past 24 hours. Featured image created with Dall.E, chart from Tradingview.com