Bitcoin has started to recover gradually after experiencing a notable drop in recent weeks. So far, BTC has reclaimed the $90,000 level amid renewed market activity. The cryptocurrency surged nearly 10% yesterday, briefly reaching a high of $92,756 in the early hours of today before experiencing a minor pullback. At the time of writing, Bitcoin is trading at $90,156, marking a 0.6% decrease over the past 24 hours. Related Reading: Short-Term Holders Dominate as Bitcoin Rebounds—What’s Next? Short-Term Holder Trends and Potential Market Consolidation Yonsei Dent, a contributor to CryptoQuant’s QuickTake platform, pointed out earlier today a tightening trend in short-term holder (STH) realized price levels, suggesting a potential shift in market conditions. The analyst noted that this development, alongside key moving averages, could indicate a period of market consolidation unless a strong demand catalyst emerges. According to Yonsei Dent, the convergence of Short-Term Holder Realized Price levels suggests that the average entry price of recent Bitcoin buyers is becoming more uniform. Historically, such conditions have signaled either reduced volatility or a lack of clear price direction, leading to a phase of consolidation. Additionally, Dent noted that the 60-day and 200-day moving averages are also tightening, mirroring a similar trend observed in May 2024, which resulted in a period of low volatility and minimal price movement. A major factor influencing Bitcoin’s market outlook is regulatory developments, particularly the Trump administration’s stance on cryptocurrency policies. Dent highlighted that the upcoming cryptocurrency summit, scheduled for tomorrow, could introduce key regulatory discussions that may influence Bitcoin’s price action. The CryptoQuant analyst wrote: All eyes are on tomorrow’s cryptocurrency summit, where key regulatory discussions are expected. Should a bullish policy outlook emerge, it could inject fresh momentum into the market and break this tightening price structure. Related Reading: Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000 Technical Indicators And Future Outlook On Bitcoin From a technical perspective, some analysts remain optimistic about Bitcoin’s long-term trajectory. Crypto analyst Ali has pointed out that candlestick wicks on the Bitcoin weekly chart indicate strong buying pressure, suggesting that buyers are actively defending key support levels. This observation aligns with previous market trends where similar patterns led to subsequent upward movements. Ali also referenced the Pi Cycle Top indicator, which suggests that if Bitcoin reclaims the $97,000 level, it could gain momentum for a potential move toward $150,000. If #Bitcoin $BTC reclaims $97,000, it could gain momentum for a move toward $150,000, according to the Pi Cycle Top indicator! pic.twitter.com/yok308t4Jy — Ali (@ali_charts) March 6, 2025 Featured image created with DALL-E, Chart from TradingView
Bitcoin has regained momentum following a period of decline, with its price now trading at $87,992, reflecting a 6.9% increase in the past 24 hours. The recent price movement has drawn attention to shifting supply dynamics, particularly between short-term holders (STH) and long-term holders (LTH). This trend, analyzed by CryptoQuant contributor XBTManager, provides insights into Bitcoin’s current market cycle and what could come next. Related Reading: Crypto Markets Are Misreading Trump’s Strategic Reserve, Says Bitwise CIO Short-Term vs. Long-Term Holders: A Market Balancing Act According to XBTManager, Bitcoin’s all-time high (ATH) has triggered an increase in STH supply while LTH supply declines. This transition typically signals a market shift, as long-term holders begin selling their assets while short-term traders accumulate. This dynamic has historically played a role in determining peak levels, as increased activity from short-term holders suggests heightened speculative interest. XBTManager explains that analyzing who is buying and selling Bitcoin is crucial in identifying market trends. As long-term holders sell their BTC, the supply moves into the hands of short-term traders, who often react more quickly to price fluctuations. This shift indicates that Bitcoin may be in a pullback phase following its recent ATH, leading to a potential period of price consolidation. Additionally, institutional buyers and ETFs have continued to accumulate Bitcoin, behaving similarly to short-term holders during this phase. MicroStrategy (MSTR), a major corporate Bitcoin investor, has also followed retail buying patterns. While institutional inflows support Bitcoin’s price, XBTManager warns that a prolonged consolidation period is possible due to liquidity demands. The analyst suggests that once STH begins selling and LTH starts accumulating again, the market may stabilize, creating a more favorable environment for long positions. What’s Next for Bitcoin? While Bitcoin’s supply shift suggests a cooling-off phase, market participants are watching for signs of a potential trend reversal. A report from CryptoQuant highlights that real spot demand has been declining, meaning that despite recent price gains, sustained upward momentum may be difficult unless demand returns. Additionally, IntoTheBlock recently revealed a surge in active Bitcoin addresses following last week’s price drop. This increase suggests heightened on-chain activity, often seen in periods of market transition. Whether this signals a renewed accumulation phase or continued volatility remains to be seen. Last week’s drop triggered a surge in active addresses, pushing the daily average to its highest level since December, when Bitcoin surpassed $100k. This uptick in on-chain activity coincided with an increase in zero-balance addresses, indicating capitulation. pic.twitter.com/eiESdiwERN — IntoTheBlock (@intotheblock) March 4, 2025 For now, supply trends, ETF inflows, and liquidity conditions are worth monitoring to assess Bitcoin’s next move. If long-term holders re-enter the market and demand recovers, Bitcoin could see renewed upward momentum. Related Reading: Bitcoin Crashes After $94K Surge—Key Market Signals Reveal What’s Coming Next However, until those conditions align, XBTManager suggests that caution is necessary, particularly for high-risk trades in the current environment. Featured image created with DALL-E, Chart from TradingView
Ethereum’s price has mirrored Bitcoin’s recent market movements. ETH experienced a rollercoaster performance earlier this week before rebounding with a 10% increase in the past 24 hours. This recovery follows a broader market correction that initially led to fear among investors. While Ethereum’s performance remains closely linked to Bitcoin’s price action, recent on-chain data suggests that ETH may enter a renewed accumulation phase. Related Reading: Ethereum Weekly RSI Drops To Lowest Level Since May 2022 – More Selling Pressure Ahead? MVRV Ratio and Institutional Accumulation Trends A post uploaded on the CryptoQuant QuickTake platform by a contributor known as Mac has particularly pointed out Ethereum’s Market Value to Realized Value (MVRV) ratio, which suggests the asset is currently undervalued. The latest data indicates that large-scale investors are increasing their ETH holdings, signaling potential support at key price levels. According to Mac, these accumulation patterns could influence Ethereum’s trajectory in the coming weeks. Mac revealed that the MVRV ratio, a key on-chain metric used to assess whether an asset is overvalued or undervalued, has fallen below 1 for Ethereum. Historically, such levels indicate an undervalued zone, meaning that Ethereum is trading close to the average purchase price of all holders, including institutional investors. ETH MVRV: Reaching a Highly Undervalued Zone “When MVRV falls below 1, it signals entry into an undervalued zone in the cycle, indicating an opportunity to buy at a level close to the average purchase price of all holders (including whale investors).” – By @MAC_D46035 pic.twitter.com/urj348TZng — CryptoQuant.com (@cryptoquant_com) March 5, 2025 The analyst also mentioned that in past market cycles, when Ethereum’s MVRV dropped below 1, it was followed by notable price recoveries. Additionally, there has been a surge in the number of ETH accumulation addresses—wallets that receive ETH but have never withdrawn. This suggests that large investors and institutions are strategically increasing their holdings, particularly at the current price range of $2,200–$2,300, where the realized price for whale investors is concentrated. This level is expected to act as a strong support zone, reinforcing the possibility of sustained accumulation. Market Conditions and Long-Term Ethereum Outlook Beyond accumulation trends, macroeconomic factors continue to play a role in shaping Ethereum’s price movements. Mac noted that liquidity policies in the US, particularly the Trump administration’s trade and monetary policies, have so far influenced risk asset performance, including cryptocurrencies. Related Reading: Ethereum Breaks Below Parallel Channel – Is ETH Collapsing To $1,250? Stricter monetary policies and inflation concerns could contribute to “sharp price drops.” Despite this possibility, Mac concluded, noting: However, Ethereum still maintains its position as the second-largest cryptocurrency by market cap and is a proven network with thousands of mature DeFi projects. As such, institutional investors are likely to accumulate more in this undervalued zone. Therefore, from a long-term perspective, the outlook for Ethereum remains positive. Featured image created with DALL-E, Chart from TradingView
The cryptocurrency market has experienced a sharp downturn, with Bitcoin’s price dropping below $83,000. This decline has led to a wave of liquidations totaling $1 billion over the past 24 hours, as leveraged traders faced significant losses amid the market correction. According to Coinglass, a total of 305,170 traders were liquidated during this period, reflecting the impact of Bitcoin’s latest decline in price on investor positions. Related Reading: This Bitcoin Range The Next Key Resistance, Analytics Firm Says Detailing The Total Liquidations The majority of liquidations came from long positions, where traders had bet on Bitcoin’s price increasing. As the market moved against them, forced sell-offs occurred, accelerating the downward momentum. Data from Coinglass shows that long liquidations accounted for over 80% of the total, reaching $833.24 million, while short liquidations were significantly lower at $170.08 million. Among the affected crypto exchanges, Bybit and Binance recorded the highest liquidation volumes, with $411.54 million and $242.25 million, respectively. Bitcoin itself accounted for the largest share of the total liquidations, contributing $371.66 million. Ethereum (ETH) was the second most impacted cryptocurrency, with $200.94 million in liquidations, while other crypto assets collectively accounted for over $100 million. The single largest liquidation order took place on Bitfinex, with a $13.40 million BTC position being forcefully closed. The high liquidation volume suggests that many traders were caught off guard by Bitcoin’s price drop. With long positions dominating liquidations, it indicates that market sentiment was largely bullish before the downturn. Market Outlook: Can Bitcoin Recover Soon? Despite the sharp downturn, some analysts remain optimistic about Bitcoin’s long-term trajectory. Crypto analyst Javon Marks noted that despite the recent decline, indicators still suggest Bitcoin could be gearing up for a larger bullish rally. Signs are still pointing towards a monumental bullish rally for Bitcoin.$BTC — JAVON⚡️MARKS (@JavonTM1) March 4, 2025 Meanwhile, RektCapital pointed out that Bitcoin’s decline has resulted in a fully filled CME gap between $84,650 and $93,300, which could potentially lead to a price reversal in the near term. Additionally, Ki Young Ju CEO of on-chain data provider platform CryptoQuant has recently revealed that the “market will likely remain slow until sentiment in the US improves.” Related Reading: Bitcoin’s Exchange Flows Indicate Changing Investor Behavior—What’s Next? According to Ju, there has been no significant on-chain activity, and key indicators are neutral which indicates that the bull cycle is still very much intact. #Bitcoin market will likely remain slow until sentiment in the U.S. improves. There’s no significant on-chain activity, and key indicators are neutral, suggesting the bull cycle is still intact. Fundamentals remain strong, with more mining rigs coming online. If the cycle ends… https://t.co/fSWl26d0gx pic.twitter.com/byWdweZhSQ — Ki Young Ju (@ki_young_ju) March 4, 2025 Featured image created with DALL-E, Chart from TradingView
Bitcoin’s recent price movements have reflected a mix of optimism and uncertainty for investors. Earlier this week, Bitcoin surged to $94,000 following news of the U.S. crypto strategic reserve, which is set to include BTC, ETH, SOL, ADA, and other major digital assets. However, the asset has since reversed its upward momentum, falling by 10% and bringing its price below $84,000 as of today. This decline has sparked discussions among analysts about the factors influencing Bitcoin’s short-term performance. CryptoQuant analyst Banker has highlighted a significant shift in investor sentiment and market behavior, particularly focusing on open interest changes in derivatives trading and the Crypto Fear & Greed Index. These indicators may provide insight into potential market trends in the coming weeks. Related Reading: Bitcoin Repeats Historic Pattern—Is a Breakout Toward $100K Next? Open Interest Decline and Shifting Market Sentiment One key metric being analyzed is the Open Interest Change (7D), which tracks the total outstanding derivatives contracts. According to Banker, this metric dropped by 14.42% on March 1, signaling a reduction in speculative activity. Such a decline often suggests that traders are unwinding their positions, potentially leading to a market reset. Historically, similar declines have been followed by price stabilization or recovery as speculative excesses are removed from the market. Additionally, the Crypto Fear & Greed Index, a widely used sentiment indicator, has dropped sharply since February 4. The index fell from 72 (extreme greed) to 26 (fear), indicating a shift in market sentiment. A reading above 70 typically suggests an overbought market, while a lower reading signals growing investor caution. This shift may reflect broader uncertainty in the crypto market, possibly influenced by external factors such as regulatory discussions and macroeconomic developments. Banker noted: The recent decline suggests a cooling-off period, which could pave the way for a healthier market environment. However, the sharp drop in sentiment also reflects heightened caution among investors, likely driven by recent market turbulence and fundamental developments, such as news surrounding the U.S. government’s crypto reserves. Bitcoin Market Outlook and Upcoming Events According to Banker, upcoming events could influence Bitcoin’s price trajectory. The analyst mentioned that the Crypto Summit at the White House on March 7 is expected to discuss cryptocurrency regulation and market policies. Related Reading: Bitcoin’s ‘KISS Of Death’? Arthur Hayes Warns Of Recession Before Surge Banker suggest that announcements from the event could lead to short-term volatility, particularly for Bitcoin, Ethereum, and other major assets like ADA, XRP, and SOL. Depending on the regulatory stance taken, the market may react with further price swings or a potential rebound. The CryptoQuant analyst wrote: Depending on the outcomes and announcements, there may be a small window of upside potential. For now, investors should remain cautious but vigilant, as the current dip in open interest and sentiment could offer strategic entry points for those with a longer-term perspective. Featured image created with DALL-E, Chart from TradingView
Bitcoin and the broader cryptocurrency market have shown strong recovery, with Bitcoin surpassing $93,000 earlier today after an increase of nearly 10% in the past 24 hours. The surge follows the announcement of a US crypto strategic reserve, which is expected to include major digital assets such as BTC, ETH, SOL, XRP, and ADA. The news has fueled optimism in the market, pushing Bitcoin back above the $90,000 level. As Bitcoin’s price movement gains momentum, analysts appear to have been closely examining the ongoing correction phase within the current bullish cycle. Related Reading: Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week? CryptoQuant analyst Grizzly has shared insights into Bitcoin’s historical price behavior, suggesting that the asset may be repeating past patterns that preceded significant rallies. If these trends hold, BTC could be positioning itself for a major breakout in the coming months. BTC’s Historical Price Patterns and Market Outlook According to Grizzly, Bitcoin is currently in its third corrective phase within the bullish cycle that began in early 2023. This pattern has been observed using the UTXO Age Bands—a metric tracking how long BTC remains unmoved in wallets. Similar corrective phases took place in the summers of 2023 and 2024, each lasting around six months. During these periods, BTC experienced resistance before eventually breaking out into new price highs. Grizzly revealed that if this trend continues, BTC may remain in a consolidation phase for another two to three months, fluctuating between $80,000 and $100,000. A breakout beyond $100,000 could mark the end of the correction and potentially push BTC toward $130,000, as historical data suggests. The CryptoQuant analyst noted: Market participants should closely watch the structural dynamics of the premium bands, as a confirmed break above resistance could signal the next parabolic leg of Bitcoin’s bull market. Bitcoin’s Path to $100K: What Market Indicators Suggest Another CryptoQuant analyst, OnChainSchool, has provided further insights into BTC’s potential price movement beyond $100,000. The analyst highlights the MVRV Z-Score, a metric that tracks Bitcoin’s valuation in comparison to its historical fair value. According to the analyst. the current cooldown in the MVRV Z-Score indicates that Bitcoin could soon enter a rapid upward trajectory, similar to the price action observed in early 2024 when BTC surged past $72,000 to new all-time highs. However, unlike past cycles, the market appears to be moving at a faster pace, potentially influenced by the evolving political landscape in the US. Related Reading: Bitcoin Fills CME Gap Between $78,000 and $80,000 – Is A Reversal Around The Corner? With increasing attention on cryptocurrency from policymakers and institutional investors, there is a likelihood that BTC could break past its previous all-time high sooner than expected. Whether this acceleration will be sustained depends on multiple factors, including regulatory developments, macroeconomic conditions, and continued market demand for Bitcoin as a hedge asset. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price has recently experienced notable volatility, driven by significant market developments and investor activity. Following an initial decline in recent days, BTC surged above $94,000 on Sunday. This increase was fueled by reports of an upcoming US strategic crypto reserve that includes BTC and other major digital assets. However, as of today, BTC is trading just below $93,000, signaling an unstable upward momentum in the crypto market. Amid this price movement, a recent analysis by CryptoQuant analyst KriptoBaykusV2 highlights an evolving pattern in Bitcoin’s net exchange flow, offering insight into investor sentiment. This data suggests that exchange inflows and outflows may play a crucial role in shaping Bitcoin’s short-term price direction. Related Reading: Top Bitcoin Inflows Hit Year-High on Binance – Should You Be Concerned? Bitcoin Exchange Flows and Investor Sentiment According to KriptoBaykusV2, on February 25, Bitcoin saw a significant inflow to exchanges, with approximately 8,400 BTC being deposited. Historically, large inflows suggest increased selling pressure, as traders move assets to exchanges in preparation for liquidation. This was followed by a decline in Bitcoin’s price, aligning with previous market trends where increased supply on exchanges often leads to downward price movements. The following day, February 26, Bitcoin experienced a shift, with a substantial amount of BTC being withdrawn from exchanges. Large-scale outflows typically indicate a preference for holding, reducing the available supply on exchanges and potentially supporting price stability. This shift coincided with Bitcoin’s price finding support and beginning to recover, reflecting investor confidence in the asset’s long-term prospects. The analyst noted: In summary, those closely monitoring Bitcoin’s exchange movements should take note: Large inflows into exchanges may indicate heightened selling pressure, requiring caution. On the other hand, significant outflows suggest that investors are opting to hold, which could lead to price appreciation. We will see in the coming days how these trends continue. Related Reading: Bitcoin Is Enough—Coinbase CEO Rejects Altcoins For US Reserves Short-Term Selling and Market Trends Meanwhile, a separate analysis by another CryptoQuant analyst, abramchart, suggests that Bitcoin holders have started selling at a loss. The Spent Output Profit Ratio (SOPR) index, which measures the profitability of short-term investors, according to the analyst recently recorded a value of 0.95. This level, the lowest since August 2024, suggests that more traders are selling BTC at a loss, an indication of capitulation. Historically, such periods have been followed by market recoveries as selling pressure eases and accumulation phases begin. The CryptoQuant analyst wrote: The SOPR measures the proportion of Bitcoin wallets that have held Bitcoin for more than 1 hour and less than 155 days. Values over ‘1’ indicate more short-term investors are selling at a profit. Values below ‘1’ indicate more short-term investors are selling at a loss., which is a sign of capitulation and a return to an upward trend. Featured image created with DALL-E, Chart from TradingView
The rebound comes amid a planned crypto summit hosted by Donald Trump and BlackRock’s inclusion of bitcoin in its model portfolios.
Bitcoin’s price continues its decline, falling farther from its March all-time high of $109,000. Currently trading below $82,000, the cryptocurrency has experienced a significant 24.6% drop. Amid this bearish trend, CryptoQuant contributor EgyHash has highlighted a troubling development on Binance that could further pressure Bitcoin’s price. Related Reading: Bitcoin Whales Buying The Dip: $1.28 Billion Added Below $90,000 Bearish Sentiment Takes Hold EgyHash notes that Binance, one of the world’s largest crypto exchanges, is seeing a steady rise in key metrics that indicate growing sell-side activity. According to EgyHash, the 7-day moving average of mean coin inflows into Binance is increasing, signaling that investors are making larger, more frequent deposits. This uptick in inflows often precedes heightened selling activity, as it suggests that more coins are becoming available on the exchange’s order books. Adding to this, the “Bitcoin: Exchange Inflow (Top10)” metric—an indicator that tracks the total coin volume of the top ten largest inflow transactions—has reached levels not seen in almost a year. This surge suggests that significant amounts of Bitcoin are being moved onto Binance, potentially with the intent to sell. EgyHash also points out that Binance’s Bitcoin reserves are climbing, returning to levels last observed in November of the previous year. A rise in exchange reserves typically reflects an increase in coins held by the platform, which can signal more selling pressure. Bearish Signals on Binance? Key Metrics Point to Rising Sell Pressure “Binance’s Bitcoin reserve has risen to levels last observed in November of the previous year, potentially indicating more selling pressure.” – By @EgyHashX Read more ⤵️https://t.co/vl4sDIxaKD pic.twitter.com/y7qB1D4IS1 — CryptoQuant.com (@cryptoquant_com) February 28, 2025 Further supporting this view is the Taker Buy/Sell Ratio, which reveals that sell orders currently outweigh buy orders, painting a bearish picture for the market. This accumulation of factors—rising inflows, growing exchange reserves, and a dominant bearish sentiment—could indicate that Bitcoin’s downward trajectory may continue. Examining the Role of Unrealized Profit and Loss (NUPL) While sell pressure on exchanges is a significant factor, other indicators are offering a broader perspective on the market’s overall sentiment. Another CryptoQuant analyst, tugbachain, recently discussed the Net Unrealized Profit/Loss (NUPL) metric, which tracks the network’s unrealized profits and losses to determine whether investors, on average, are holding Bitcoin at a gain or a loss. Related Reading: Spot Bitcoin ETFs Suffer Massive Losses: $1 Billion Drained In Single-Day Outflow According to tugbachain, the NUPL currently sits just below the 0.50 support level. Historically, a reading below this threshold has coincided with bearish phases, while a recovery above it can suggest renewed buying interest. If Bitcoin’s monthly close for February exceeds this 0.50 mark, it could indicate a shift toward more optimistic price action, possibly encouraging long-term holders to re-enter the market. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price recently experienced another significant downturn, falling below $80,000 earlier today—a nearly 20% decrease in just the past week. This prolonged slump highlights the broader challenges facing the market, with minimal signs of recovery in sight. Amid this turbulent price activity, insights from tugbachain, a contributor to the CryptoQuant QuickTake platform, have shed light on an intriguing trend within the Bitcoin market: the shifting patterns of UTXO Realized Price Age Distribution. Related Reading: Bitcoin’s 60-Day CDD Spikes: A Warning Sign or Buying Opportunity? UTXO Realized Price Age Distribution: Uncovering Key Support Levels The UTXO Realized Price Age Distribution metric provides a detailed look at realized prices across various age bands, effectively illustrating the holding patterns of different investor groups. By calculating the realized price—derived by dividing the Realized Cap by the total Bitcoin supply—this metric offers a snapshot of how both long-term holders and newer market entrants are behaving under current market conditions. Historically, certain realized price levels have functioned as key support zones during market corrections. In particular, the realized price levels for 1-month and 3-month periods often hold significance in bull markets. These levels are where fear-driven selling from smaller investors tends to peak, potentially creating an environment for larger players to stabilize the market. However, as tugbachain highlighted, these 1-3 month realized price levels have now fallen below their typical support thresholds. The next potential support area lies in the 3-month to 6-month range, approximately around $75,875. This shift signals that the market may still be searching for a solid foundation before any meaningful recovery can begin. Bitcoin: Analyzing the Bigger Picture In a separate analysis, tugbachain delves into the Bitcoin Network Value to Transactions (NVT) Golden Cross metric, which serves as a key tool for identifying local market peaks and troughs. The NVT Golden Cross measures the ratio of Bitcoin’s market capitalization to its daily transaction volume. When this ratio exceeds certain thresholds, it can signal whether the market is overbought or oversold. Related Reading: Bitcoin Miners Are Hoarding Their Crypto Despite Plunge—Here’s What It Means Currently, the NVT value is below -2.4, placing Bitcoin firmly in the oversold territory. Historically, oversold conditions at such levels have often coincided with local market bottoms. NVT Golden Cross and Market Conditions “An NVT value below -1.6 indicates a possible market bottom, pointing to oversold conditions. Currently, the NVT value is below -2.4.” – By @tugbachain Full analysis ????https://t.co/VuIHzc6liT pic.twitter.com/eTXIrwjOo7 — CryptoQuant.com (@cryptoquant_com) February 27, 2025 Should a rebound materialize from this oversold zone, tugbachain suggests that the 111-day moving average, currently at $96,895, may act as a resistance point during any price recovery. This perspective offers investors a potential roadmap for understanding and navigating the ongoing market plunge. Featured image created with DALL-E, Chart from TradingView
Bitcoin remains under pressure, with its price dropping below $85,000. At the time of writing, Bitcoin is valued at $84,397, representing a 2.4% decline in the past 24 hours and a significant 13.7% drop over the past week. These market conditions have sparked a range of analyses, with various on-chain indicators offering insights into current investor behavior. Related Reading: Bitcoin Retail Demand Levels Return to Neutral Zone—What Next? Bitcoin Latest CDD Spike Could Signal A Market Shift One of the key indicators highlighted recently by a CryptoQuant analyst known as Banker is the Coin Days Destroyed (CDD) metric. According to Banker, the Coin Days Destroyed (CDD) metric—a measure of economic activity weighted by the age of coins being moved—has seen a substantial surge. The 60-day CDD indicator, which aggregates these destroyed coin days over two months, indicates that coins held for extended periods are now being spent at a much higher rate. This trend, observed from November 2024 to February 2025, suggests that long-term holders are increasingly active in the market, potentially signaling a pivotal moment for Bitcoin. Banker explains that elevated CDD values often correlate with significant market events. In this case, the sustained uptick in long-term holder activity may hint at profit-taking, asset reallocation, or anticipation of heightened market volatility. While it is not unusual for Bitcoin long-term holders to move coins during periods of major price shifts, the current trend represents the strongest CDD signal since 2021. Historically, such patterns have preceded market turning points, making this metric a critical one to watch. Why CDD Matters Notably, the Coin Days Destroyed metric differs from typical transaction volume as it gives more weight to coins that have remained untouched for longer periods. Each unspent day accumulates “coin days,” and when the holder finally moves those coins, these days are “destroyed.” The 60-day CDD effectively tracks long-term holder sentiment by revealing when these seasoned participants decide to act. As earlier mentioned, a consistent increase in CDD often reflects a growing willingness among long-term holders to take profits or reposition their portfolios—moves that can influence broader market sentiment. Related Reading: Bitcoin Crashes: Experts Warn Of 6-Month Slump To $73,000 Banker points out that this uptick may signal more than just a Bitcoin price correction. With long-term holders moving their coins at a steady pace, the market could be heading toward a “healthier reset.” This kind of activity often sets the stage for new entrants to step in, potentially stabilizing the market and creating opportunities for fresh capital inflows. However, the implications depend heavily on the broader market context, including macroeconomic factors and investor confidence. Featured image created with DALL-E, Chart from TradingView
Bitcoin has faced a challenging market environment, with its price remaining below $88,000 and registering a 10.1% decline over the past two weeks. This significant downturn has been marked by considerable selloffs and a lack of upward momentum. However, amidst this bearish trend, a new development within the Bitcoin mining community has been highlighted by a CryptoQuant analyst. Related Reading: Bitcoin’s Ongoing Dip: Here’s What Analysts Are Saying Miners Hoard Their Bitcoin A CryptoQuant analyst known as BilalHuseynov recently highlighted an intriguing shift in miner behavior. According to the analyst, Bitcoin miners have significantly reduced their withdrawal activity. Since December 2024, miner reserves have remained steady, indicating that miners are holding onto their mined Bitcoin rather than selling it off. This shift comes after a period of increased selling when prices were higher. BilalHuseynov explained: The Miner Reserve is not changing nominally from December 2024. As soon as the Bitcoin price increased, miners sold significantly. That was obvious! But since last December, after Bitcoin hit its ATL according to Bitcoin Miner Withdrawing Addresses, we can see that the withdrawal transactions have been stopped and even decreased. This strategy appears to align with a broader market downturn, where miners opt to accumulate Bitcoin during low-price periods rather than cashing out. “Miner Reserves are not affected significantly. It seems they are gathering their Bitcoin. In general, that is happening in the downtrends of the crypto market,” the analyst added. Overall, the data from BilalHuseynov suggests that miners may be positioning themselves for a potential recovery. By holding rather than selling, they effectively reduce supply pressure, which could help stabilize prices in the longer term. Institutions Step In In a related development, another CryptoQuant analyst known as Amr Taha reported significant outflows from Coinbase Advanced over the past two days. These large outflows—interpreted as aggressive accumulation—may signal growing interest from institutional investors. With Coinbase serving as a key platform for US-based institutions, the sizable withdrawals could indicate long-term holding strategies rather than short-term speculative moves. Related Reading: Market Signals Point To Caution: Bitcoin’s 3-Day Chart Shows Potential Sell Alert Additionally, Taha noted that these movements might be tied to Bitcoin ETF activity, reflecting increased underlying demand and reinforcing a potential “supply squeeze” narrative. The analyst wrote: These large outflows typically suggest accumulation by institutions or large investors, potentially signaling bullish sentiment. If this aligns with increased spot demand or ETF inflows, it could reinforce a supply squeeze narrative. Meanwhile, Bitcoin is still in bearish territory, with its current price sitting below $86,000. At the time of writing, Bitcoin trades at $85,365, marking a 1.4% decrease in the past day and a roughly 11.8% plunge in the past week. Featured image created with DALL-E, Chart from TradingView
The Solana-based memecoin Launchpad Pump.fun’s X account has been hacked and used to promote fake cryptocurrencies, including an “official” PUMP governance token. On-chain investigators suspect the hack is linked to other X account compromises. Related Reading: Red Monday, Green Week? Bitcoin Needs To Reclaim This Level For Trend Continuation – Analyst Pump.Fun Hackers Launch PUMP Memecoin On Wednesday, Pump.fun’s official X account was compromised, with hackers promoting different tokens during the incident. The account started to post different contract addresses (CA) for various memecoins before deleting them. The hackers initially shared the contact address of PUMP, the “official Pump.fun governance token,” stating that “democracy has never been this degen” and that they would be rewarding their “OG DEGENS.” The crypto community quickly identified the memecoin as a scam and alerted other users of the potential account compromise. Blockchain data firm Bubblemaps warned users of the fake memecoin, explaining that PUMP was “heavily bundled and will dump,” as 60% of the token’s supply was held in two clusters. Meanwhile, Pump.fun’s founder, Alon Cohen, confirmed the X hack and asked the community not to interact with it or any links shared until it was recovered. According to on-chain investigator Dethective, the hackers extracted around $600,000 from the token minutes after sharing the memecoin. The crypto sleuth explained that their strategy consisted of posting the CA of a bundled scam token and deleting it after rugging investors. Besides the fake PUMP token, the malicious actor promoted OG, Extract Protocol (EXAI), and Pump.fun Hacked (HACKED), extracting around $90,000 from these memecoins. Dethective noted that some investors continue to buy the tokens after the hackers repeatedly rugged the previous ones, with the last token hitting a $1.5 million market capitalization at the top. The malicious actors asked the crypto community whether they should create a “legit token on Pump.fun” and call it “Hackeddotfun.” They “promised” to pump the memecoin to a market capitalization of $100 million, assuring it wouldn’t “be a bundle” and would be launched through the platform before deleting the posts. Pump.Fun Hack Linked To Jupiter’s X Compromise? Renowned on-chain detective ZachXBT revealed the Pump.fun compromise is “directly connected on-chain” to the Jupiter DAO and DogWifcoin compromises from February 2025 and November 2024, respectively. On his Telegram channel, the internet sleuth suggested that the attacks are “likely not the fault of either the Pump.fun or Jupiter teams.” Instead, Zach suspects a threat actor is “social engineering employees at X with fraudulent documents/emails or a panel is being exploited.” Wu blockchain shared GMGN data revealing that only one Pump.fun memecoin had a market value above $1 million yesterday. The post detailed that several tokens hit the $1 million barrier but quickly experienced a sharp drop. Related Reading: Solana Sentiment Hits 1-Year Low Amid Market Correction – Analyst Suggests Drop To $70 Following the TRUMP and MELANIA memecoins and the recent Libra token controversy, investors have expressed exhaustion from the continued memecoin scams deployed via the Solana-based launchpad. Some community members called the hack “the nail on the meme coin coffin,” as sentiment surrounding the sector’s “memecoin fiesta” is at its lowest point this cycle. At the time of this writing, Pump.fun’s team has regained access to the account and stated they will continue to monitor the situation as “the attack that led to this compromise is unknown, but it’s unlikely that the team is at fault.” Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin (BTC) is currently trading just below $88,000, a significant drop from its all-time high of $109,000 earlier this year. Over the past month, the leading cryptocurrency has faced a steady decline, slipping nearly 15% and showing limited signs of a rebound. While this bearish trend has many investors concerned, one CryptoQuant analyst, BilalHuseynov, recently shared his perspective on Bitcoin’s current state using the Retail Investor Demand (RID) indicator. Related Reading: Bitcoin Retail Demand Levels Return to Neutral Zone—What Next? Bitcoin Retail Investor Demand at a Crossroads BilalHuseynov’s analysis focused on Retail Investor Demand (RID). This metric, which gauges retail interest and activity in Bitcoin, can often provide insight into potential price movements. According to the analyst, retail investor demand recently faced resistance near the neutral zone of around 0%. Back in mid-February, the RID indicator attempted to cross this threshold but fell short, resulting in Bitcoin’s decline to the current $88,000 level. However, despite this setback, there are positive signs. The analyst noted that the RID is beginning to pick up again, a pattern reminiscent of June 2021 when Bitcoin saw a swift recovery after a similar dip. However, for the metric to truly signal a positive turn, it would need to rise above the 0% neutral zone, indicating a potential shift in market sentiment. BilalHuseynov further elaborates on how the RID metric can guide long-term analysis. He identifies three key levels: • Negative (-15%): A strong indicator to watch for buying opportunities. • Neutral (0%): A sign that the market might be preparing for movements in either direction. • Positive (15%): Suggests that Bitcoin’s price has entered a “premium area,” often seen during bull markets. The analyst gave an example, highlighting that in October 2024, a surge above the 0% neutral zone coincided with Bitcoin reaching its all-time high. Conversely, a dip back to 0% in late 2024 marked the onset of a bearish phase. Currently, the RID sits at a critical juncture, and a shift in retail demand could influence Bitcoin’s trajectory in the coming months. Short-Term Indicators Point to Potential Rebound Opportunities Meanwhile, other analysts are identifying short-term buying opportunities based on different metrics. Yonsei Dent, another CryptoQuant analyst, pointed to the Spent Output Profit Ratio (SOPR) for Bitcoin’s short-term holders (STH). This metric, which measures whether short-term holders are selling at a profit or a loss, has recently dropped to levels that historically have indicated oversold conditions. According to Dent, applying Bollinger Bands to the STH-SOPR helps pinpoint extreme deviations, and the current data shows a pattern similar to previous market bottoms. Dent noted that each significant downside deviation in STH-SOPR has been followed by a short-term rebound ranging from +8% to as much as +42%, even during bear market conditions. Related Reading: Bitcoin Enters Re-Accumulation Range After Crash Below $90,000, What To Expect This historical context suggests that Bitcoin may be nearing a critical juncture. If the pattern holds, a short-term price recovery could be on the horizon, offering an opportunity for short-term traders. Featured image created with DALL-E, Chart from TradingView
Bitcoin (BTC) has experienced one of its largest price pullbacks in recent times, plunging from $96,131 on February 24 to a potential local bottom of $85,418 today. The decline triggered liquidations exceeding $1.5 billion, with the majority coming from long positions. Is It Time To Buy Bitcoin? The recent price action suggests that the crypto market is reacting to bleak macroeconomic conditions, driven by US President Donald Trump’s proposed trade tariffs and a hawkish stance from the US Federal Reserve (Fed). The total crypto market cap has now fallen below $3 trillion for the first time since November 2024, signaling growing bearish sentiment around risk-on assets. Major altcoins like Ethereum (ETH) have fallen by more than 10% in the past week. Related Reading: As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Explains However, despite yesterday’s downturn, overall sentiment toward the crypto market appears to be improving. In an X post, Andre Dragosch, European Head of Research at Bitwise, suggested that the worst may be over for BTC. Dragosch shared the following Cryptoasset Sentiment Index, which is flashing a strong contrarian buy signal for the flagship cryptocurrency. The analyst added: Wide-spread bearishness among flows, on-chain, and derivatives data implies that downside risks are fairly limited. Risk-reward appears to be quite favourable at these prices. To further illustrate the level of bearishness surrounding risk-on assets, Dragosch highlighted that US spot Bitcoin exchange-traded funds (ETFs) recorded their single largest daily net outflow on record yesterday. Data from SoSoValue supports this assessment. Additionally, the Crypto Fear & Greed Index remains in bearish territory. Dragosch noted that sentiment levels are “already as bearish as during the macro capitulation last August.” At that time, BTC made a local bottom at $49,000 before rallying to multiple new all-time highs (ATHs). On a more optimistic note, on-chain data indicates that crypto whales are capitalizing on market uncertainty. According to crypto analyst Ali Martinez, long-term holders have accumulated nearly 20,400 BTC following the recent sell-off. Strategy Falls With BTC Crash In line with BTC’s decline, Strategy stock MSTR has also suffered, plummeting 55% from its peak of $543 in November 2024. At the time of writing, MSTR trades at $249, down approximately 29% over the past month. Despite the overall bearish sentiment, recent analysis comparing BTC’s returns to other assets, such as gold and stocks, shows that while Bitcoin’s cumulative annual growth rate has slowed in recent years, it continues to outperform traditional asset classes significantly. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains However, not all analysts share Dragosch’s optimism. In stark contrast, Standard Chartered recently warned that BTC may face further downside before resuming its bullish trajectory. At press time, BTC trades at $87,086, down 1% in the past 24 hours. Featured image from Unsplash, Charts from X, Yahoo! Finance and TradingView.com
Bitcoin’s downward trajectory continues, with its price slipping below $89,000, marking an 8.5% loss over the past week. This extended decline has raised concerns among investors about whether the bottom is finally in. Recent market behavior suggests that significant capitulation is taking place, which some analysts believe could indicate a turning point. Related Reading: Bitcoin’s Ongoing Dip: Here’s What Analysts Are Saying Massive Bitcoin Sell-Off: Is The Bottom In? A key observation has emerged from a CryptoQuant analyst known as caueconomy, who recently highlighted what he describes as the “largest Bitcoin capitulation” event of 2025. In a post titled “The biggest Bitcoin capitulation since August 2024 – bottom is in?,” caueconomy noted that more than 79,000 BTCs were sold at a loss within a single day, amounting to roughly $1.7 billion. This sell-off, according to caueconomy, is reminiscent of the capitulation event in August 2024, when Japan’s interest rate hikes triggered widespread deleveraging across global markets. Caueconomy’s analysis points to a critical juncture for Bitcoin. He observed that the previous capitulation event in August 2024 marked a short-term bottom, as the market stabilized and eventually rallied to $100,000 by December. While he acknowledges that it’s impossible to guarantee the current price won’t drop further, the scale of this capitulation presents a potential opportunity for long-term investors. The analyst’s insights offer a mixed picture: although the market may face continued pressure, the extent of recent selling activity could indicate that many “weak hands” have been shaken out. This process, while painful in the short term, often sets the stage for a more solid price foundation, enabling a recovery down the line. The biggest Bitcoin capitulation since August 2024 – bottom is in? “A total of more than US$ 1.7 billion in coins were distributed at a loss on the 25th, being the biggest capitulation since August 5th.” – By @caueconomy Read more ⤵️https://t.co/gclTPwRqgr pic.twitter.com/sxmF2tw79r — CryptoQuant.com (@cryptoquant_com) February 26, 2025 Ongoing Bearish Indicators Persist Despite these observations, other analysts remain cautious about calling a market bottom. In another analysis shared on CryptoQuant’s platform, an analyst known as Nino highlighted several bearish indicators that have surfaced in recent weeks. Negative funding rates on various derivatives exchanges, combined with a negative Coinbase Premium, suggest a continued dominance of short positions and heightened selling pressure in the spot market. Related Reading: Market Signals Point To Caution: Bitcoin’s 3-Day Chart Shows Potential Sell Alert Nino explained that when funding rates are negative, futures prices are trading below spot prices, reflecting an increase in short interest. Simultaneously, a negative Coinbase Premium indicates that selling on Coinbase has been substantial enough to push its spot price below that of other exchanges. The CryptoQuant analyst added: These figures together highlight a strong bearish sentiment among market participants, with short-selling pressure outpacing that of long positions in this recent downturn. All of these findings are strictly based on what can be observed from the chart, offering a glimpse into the overall market mood. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price has continued its decline, dropping below several key levels in recent days. As of now, Bitcoin is hovering just above $87,000, marking a weekly drop of around 7.7% and a 19.6% decline from its all-time high of over $109,000 recorded earlier this year. Amid this downturn, various market analysts have taken to social media to weigh in on the possible causes of the dip and what might come next for the flagship cryptocurrency. Related Reading: Bitcoin Faces Serious Price Compression – What Happened Last Time Diverging Predictions for Bitcoin’s Next Move First on the list is crypto analyst Titan of Crypto who recently shared his perspective on X, suggesting that Bitcoin’s monthly close could offer important clues. “As long as BTC holds above the 38.2% Fibonacci retracement, the bull run remains intact,” the analyst noted. Notably, in traditional and crypto markets alike, a monthly close is considered a significant indicator because it reflects sustained market sentiment over a longer timeframe. A strong monthly close above key technical levels can signal ongoing strength, while a close below such thresholds may point to further declines. Prominent trader Gareth Soloway offered a wide-ranging forecast, indicating that Bitcoin could either fall to $75,000 or surge to $125,000 in the coming months. Gareth Soloway says Bitcoin is either going to $75K or $125K, he could be wrong, he doesn’t know. And yes it could still go to $200K by EOY. Incredible analysis. pic.twitter.com/tLCVSL4WuA — The ₿itcoin Therapist (@TheBTCTherapist) February 25, 2025 Other analysts have taken a more bearish stance. Coinmamba, another well-known figure in the crypto community, highlighted the waning influence of MicroStrategy’s large Bitcoin purchases. “The only reason we had this much Bitcoin outperformance was due to MicroStrategy buys, and that is coming to an end,” Coinmamba wrote, adding that he is bullish on altcoins but bearish on Bitcoin’s near-term prospects. Meanwhile, Crypto Caesar suggested a possible drop to $73,000 levels, citing a mix of technical and fundamental indicators that point to further downside potential. Optimism Amid the Bearish Sentiment Despite the bearish outlook from some analysts, a number of investors remain confident in Bitcoin’s long-term trajectory. Max Brown, expressed strong conviction on X, stating, “Bitcoin is going to $150K. ETH is going to $15,000. Don’t let anyone tell you otherwise. We will hold tight and ride our coins to 10x–50x.” This sentiment, while ambitious, highlights the resilience of some Bitcoin holders who view current price declines as temporary setbacks rather than structural weaknesses. Similarly, an investor known as Lemon shared a simple strategy for navigating the current downturn: “I will start buying every day on every dip, from $85K to $75K. I’ll sell by the end of the year above $110–$120K.” My plan for the rest of the year. I will start buying every day on every dip, from 85K to 75K, I will sell by the end of the year above 110-120K.#Bitcoin $BTC pic.twitter.com/gLYJ2G7mui — Lemon ???? (@TheCryptoLemon) February 25, 2025 This approach, emphasizing steady accumulation and a clear exit strategy, reflects a more measured form of optimism among Bitcoin’s long-term supporters. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price has faced a dramatic downturn, falling below $90,000 and reaching as low as $87,000 levels today. This steep decline places the cryptocurrency further away from its January all-time high of over $109,000. The sharp sell-off comes amid both internal and external challenges, leaving investors uncertain about what lies ahead. While the market struggles to find support, the path forward so far remains unclear However, Mac.D, a contributor to the CryptoQuant QuickTake platform has managed to analyze the current market scenario and give a detailed outlook. Related Reading: Bitcoin Retail Demand Levels Return to Neutral Zone—What Next? Is A Rally Still Possible For Bitcoin? Diving into the outlook, Mac first touched on the major factors behind the ongoing plunge in Bitcoin’s price. According to Mac, a combination of internal and external pressures have contributed to Bitcoin’s recent plunge. Internally, the aftermath of a notable Ethereum-related hacking incident has unsettled the broader crypto market. Externally, the ongoing inflation concerns and the reintroduction of tariff policies under the Trump administration have weighed on risk assets, including Bitcoin. These factors have collectively led to a break below the crucial $90,000 support level, according to Mac, the analyst further points to two key elements that could influence Bitcoin’s trajectory moving forward. First, the recent liquidation of long positions has reached its highest level since November, with $245 million worth of long positions wiped out. Such large-scale liquidations often reduce market depth, creating conditions that might enable a price rebound. BTC Massive Long Liquidation, At a Crossroads of Rise or Fall “Liquidation of long positions has occurred. Today’s liquidation marks the highest since November, with $245 million worth of long positions being liquidated.” – By @MAC_D46035 Full post ⤵️https://t.co/c4aefYbQ73 pic.twitter.com/xCwDbAyLJM — CryptoQuant.com (@cryptoquant_com) February 25, 2025 Second, the average entry price for whale investors holding Bitcoin for less than six months is around $89,600. This psychological support level may help stabilize the market if these whales refrain from further selling. Despite these potential supports, the outlook is far from certain. Mac cautions that if the support level fails to hold, further declines could occur. In this scenario, he recommends proactive risk management strategies, including short positions in futures or partial liquidation of holdings. Related Reading: Bitcoin Once Again Arrives At This Bear-Bull Boundary—Will A Break Happen? Technical Outlook On BTC With Bitcoin currently trading at $87,132, it is quite obvious that the asset has breached the $89,600 support highlighted by Mac. While Mac suggests this breach could lead to further declines, another analyst, RektCapital, offers a more optimistic technical view. According to RektCapital, Bitcoin’s recent drop might be a temporary setback. The analyst highlights a potential downside deviation that often precedes a significant price recovery, indicating that a rebound could already be taking shape. #BTC The downside deviation below the Range Low of the ReAccumulation Range is now in progress$BTC #Crypto #Bitcoin https://t.co/r5reRJ0HFy pic.twitter.com/yr1ABiDmBg — Rekt Capital (@rektcapital) February 25, 2025 Featured image created with DALL-E, Chart from TradingView
Toncoin (TON) continues to face a challenging market environment, struggling to reverse its recent downward trajectory. Trading below the $4 mark, the asset’s price performance over the past weeks has remained largely in the red. Amid these conditions, CryptoQuant contributor Darkfost has shed light on some underlying trends, highlighting that long-term investors are still seeing positive returns despite the overall bearish climate. Related Reading: Key Metrics Indicate Toncoin Accumulation Continues Despite Price Struggle Evaluating TON’s Long-Term Viability and Market Stability According to Darkfost in the post uploaded on the CryptoQuant QuickTake platform, long-term holders—those who have maintained their positions for over a year—are currently enjoying a 69% profit, even as short-term investors face losses. This dynamic raises questions about TON’s potential as a long-term investment, prompting a closer look at the project’s ecosystem and liquidity. A key metric in this regard is the total value locked (TVL) on the network. Despite market-wide downturns affecting numerous altcoins, data shared by Darkfost revealed that TON’s TVL remains steady at $300 million, maintaining a level of stability since the start of 2024. This resilience in liquidity and locked value suggests a level of sustained confidence in the platform’s fundamentals. Is $TON made for the long term ? Today, the only investor category still in profit on TON is the long-term investors. ➡️ Currently, investors who have held their positions for over one year are still enjoying a 69% profit, whereas short-term investors are incurring losses. To… pic.twitter.com/59cQ5diEMy — Darkfost (@Darkfost_Coc) February 24, 2025 Toncoin: Ecosystem Activity and the Role of Workchains Beyond price and profitability, another important indicator of TON’s long-term potential lies in its blockchain activity. Darkfost notes that examining the masterchain and workchain can provide valuable insights into the project’s adoption. The TON workchain, a flexible blockchain layer designed for executing smart contracts and handling user transactions, has demonstrated consistent activity throughout the year. Related Reading: Analyst Says Toncoin (TON) May Be Primed for Major Recovery—Here’s Why Notably, the “Hamster Kombat” phenomenon earlier in 2024 caused a noticeable uptick in network usage, highlighting the workchain’s capacity to support various applications and drive engagement. Meanwhile, the masterchain serves as the network’s backbone. By storing global configuration data, validator states, and hashes from all workchains, the masterchain ensures that the entire ecosystem runs smoothly. According to Darkfost, the ongoing growth of the masterchain highlights TON’s structural stability and increasing adoption. These factors collectively point to an ecosystem that has not only maintained but also expanded its operational scope amid broader market challenges. The analyst wrote: In conclusion, the TON ecosystem has developed impressively throughout 2024, maintaining robust activity and a solid TVL despite a general decline in crypto market interest. TON appears to have established itself in the crypto ecosystem for the long term. Featured image created with DALL-E Chart from TradingView
Sonic (S), previously known as Fantom (FTM), is leading the crypto market with a significant surge over the daily and weekly timeframes. Analysts noted that the post-rebrand bullish momentum has sent the token to test a key resistance level, which could propel the price to the $1 barrier. Related Reading: Nansen’s Bitcoin On-Chain Analytics Reveal 42% Increase In BTC Transactions Sonic Leads With Post-Rebrand Bullish Momentum Following the anticipated token upgrade, Sonic’s native token price has seen significant bullish momentum, reaching the $0.80 mark twice. On January 13, Fantom officially rebranded as Sonic, upgrading FTM tokens to S tokens on a 1:1 ratio. Amid the rebrand, the cryptocurrency hit a yearly high of $0.84 before retracing to the $0.50 support in the following days. Over the past month, the cryptocurrency has hovered between the $0.40-$0.60 price range, finally breaking out of this range at the start of this week. Crypto analyst Michaël van de Poppe highlighted that Sonic has been one of the key ecosystems recently, with its Total Value Locked (TVL) surging 300% in less than two months. According to DeFiLlama data, Sonic’s TVL has surged from $405.39 million to $635.31 million in the past seven days. The analyst also remarked S is fully unlocked, unlike other leading altcoins like Solana (SOL) and SUI, and has high throughput and fast settlement. Based on this, he considers Sonic “a true competitor of SOL and likely one to watch for the upcoming year as the price has bounced the strongest.” Sonic has been one of the leading altcoins this week, surging as the best-performing cryptocurrency in the top 100 with its 54.61% weekly increase. Additionally, it has come on top in the daily timeframe, leading the market with its 20% jump in the past 24 hours. S Breakout Hits New High Several market watchers have noted S’s recent performance, suggesting it could continue its bullish momentum. Altcoin Sherpa stated Sonic is “still one of the strongest midcaps there is right now.” The analysts hinted it could surge to higher price targets as FTM hit an all-time high (ATH) of nearly $4 last cycle. Meanwhile, analyst Sjuul from AltCryptoGems pointed out that the cryptocurrency formed a rounded bottom over the past four weeks after falling below $0.60. This Monday, S’s price broke above this key resistance. Over the past three days, Sonic has reclaimed the $0.60-$0.65 price range, confirming the breakout from the one-month downtrend. This performance led S to another 20% surge in the past 24 hours to retest the $0.80 resistance and a new yearly high at $0.87. Related Reading: Ethereum To Move Sideways For 2-3 Months? Analyst Says Longer ETH Consolidation Is Needed However, Ali Martinez stated Sonic could see a spike in profit-taking on the horizon. The analyst indicated that the TD Sequential flashed a sell signal on the 4-hour chart after hitting the $0.80 target from its head-and-shoulders pattern. A sell-off could see the cryptocurrency’s price retrace to its $0.60 support zone and retest it. Meanwhile, holding the current level could further propel Sonic’s bullish momentum toward the $1 barrier. As of this writing, S trades at $0.86, a 66% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin’s price remains below the $100,000 mark, trading at $98,000 at the time of writing. While this positions its daily performance in positive territory, the larger picture suggests continued bearish pressure. Over the past month, Bitcoin has declined by 6%, and its current price represents a 10% decrease from the all-time high above $109,000 recorded last month. This prolonged downturn has led market participants to closely examine on-chain metrics for clues about what might come next. Related Reading: Bears In Trouble? Bitcoin Liquidity Signals A Brutal Squeeze To $111,000 Short-Term Bitcoin Sellers Are Fading One key indicator, the Short-Term Holder Spent Output Profit Ratio (STH SOPR), has gained attention recently from a CryptoQuant Analyst. The analyst known as Burak Kesmeci in a recent upload on the QuickTae platform revealed that STH SOPR which measures whether short-term holders—those who have held their coins for less than 155 days—are selling at a profit or a loss appears to now be fading. A value above 1.00 indicates profit-taking, while a value below 1.00 suggests losses. In 2025 so far, this metric has shown that short-term holders have sold at a loss during three notable corrections. According to the analyst, on January 8, Bitcoin’s price dropped from $104K to $92K, driving STH SOPR down to 0.987. Similarly, on January 27, a correction from $106K to $102K pushed the ratio to 0.990, and on February 2, a plunge from $104K to $91K brought it to 0.984. Short-Term Holders and Future Market Sentiment Kesmeci revealed that Bitcoin appears to be consolidating between $94K and $97K, with STH SOPR at 0.998. This near-neutral level suggests that short-term holders are no longer selling at significant losses, indicating that the fear-driven selling seen earlier in the year may be subsiding. This shift is quite noteworthy because sentiment among short-term holders often plays a critical role in the market’s overall trajectory. When short-term holders start turning a profit, they are more likely to share positive experiences, potentially encouraging new investors to enter the market. This dynamic can help accelerate upward momentum, laying the groundwork for the next bullish phase. The recent stabilization of STH SOPR, along with Bitcoin’s steady price range, may set the stage for a stronger rally in the months ahead. However, while it is still early to determine the direction of the next major market move, the near-neutral STH SOPR suggests that selling pressure from short-term holders has overall diminished. This could pave the way for a more stable price environment, and if positive sentiment continues to grow, Bitcoin may see renewed interest and an eventual return to higher price levels. Featured image created with DALL-E, Chart from TradingView
Bitcoin has gradually been recovering with its price now hovering above $97,000 as of today—a noticeable increase from the $94,000 price mark seen earlier this week This upward movement comes as analysts highlight significant trends in the perpetual futures markets that may indicate a substantial shift on the horizon. Related Reading: Bitcoin Ready For ‘Take Off’—Analyst Reveals Key Signals Bitcoin’s Open Interest Points to Possible Market Shift One notable development is the increase in Bitcoin’s open interest—an indicator of the total number of outstanding perpetual futures contracts on centralized exchanges. According to ShayanBTC, a CryptoQuant’s QuickTake platform contributor, Bitcoin’s open interest has been steadily rising despite recent market volatility. Shayan pointed out that this growth signals heightened activity within perpetual markets, which could lead to a decisive breakout in Bitcoin’s price. However, the direction of this move remains unclear as additional data is needed for a more precise forecast. Shayan noted: This increase suggests that more activity is flowing into the perpetual markets, and the dominant direction of these positions will ultimately determine Bitcoin’s next significant move. If this trend persists, the market will likely experience a major breakout in the mid-term. However, the direction of this move remains uncertain, as additional data is required to make an accurate prediction. Deep Learning Projections Offer Mixed Signals In a separate analysis, CryptoQuant’s analyst CryptoOnChain presented a data-driven projection of Bitcoin’s near-term price movements. By employing on-chain metrics and a deep learning model known as the Wave Net algorithm, CryptoOnChain estimated that Bitcoin’s price may fluctuate between $93,000 and $110,000 over the coming month. The chart below shows the prediction of Bitcoin’s price for the upcoming month using on-chain data and deep learning with the Wave Net algorithm. As observed, this prediction indicates a fluctuating pattern for the next month. #Bitcoin #BTC #CryptoTrading pic.twitter.com/4Ki8TYE8Ui — CryptoOnchain (@CryptoOnchain) February 19, 2025 Meanwhile, Bitcoin is still trading below $100,000 with a current trading price of $97,136, at the time of writing. While this market price has managed to put BTC’s daily performance in green, on a broader scale, BTC is still somewhat bearish. Over the past month, the asset has declined by 6.1% and its current trading price marks a 10.6% decrease away from its all-time high above $109,000 recorded last month. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains According to a Crypto analyst known as RektCapital on X, Bitcoin price action so far is “performing the key technical steps to fully confirm the Bull Flag breakout to set itself up for trend continuation going forward.” #BTC The Bitcoin post-breakout retest of the Monthly Bull Flag is successful thus far Price is performing the key technical steps to fully confirm the Bull Flag breakout so as to set itself up for trend continuation going forward ~$96700 needs to hold$BTC #Crypto #Bitcoin https://t.co/HXEsC7kN3p pic.twitter.com/OM6VCiUt5b — Rekt Capital (@rektcapital) February 20, 2025 Featured image created with DALL-E, Chart from TradingView
Over the past month, Chainlink (LINK) has struggled under the weight of a bearish market sentiment. The asset has experienced a steady decline in value, with its price slipping below key support levels. This downtrend has raised questions among investors about the possibility of a rebound and whether recent shifts in network activity might signal a potential recovery. As LINK’s performance falters, some analysts have stepped in to assess its trajectory and what might come next. Related Reading: Chainlink (LINK) Set For $36? Whale Moves Suggest A Big Rally—Analyst Analyst Outlook On Chainlink Ali, a renowned crypto analyst, recently shared his perspective on Chainlink’s current position. Highlighting a nearly 40% price drop over the past month in Chainlink’s price, Ali noted a network contraction that may point to reduced activity. He pointed out that LINK’s MVRV ratio—an indicator of profitability for recent traders—currently sits at a loss of 16%, a level that historically precedes a pause in selling pressure. This drawdown is also reflected in the MVRV Ratio, which tracks trader profitability. Right now, those who bought #LINK in the past 30 days are sitting at an average loss of -16%. This is a level that has historically marked selling exhaustion points.https://t.co/WQhXOhpqas — Ali (@ali_charts) February 19, 2025 This metric, combined with observations of increased whale accumulation, suggests a complex picture where short-term pain could lead to long-term opportunity. However, despite the prevailing market conditions, there are signs of renewed interest among major investors. Ali highlighted that whales have acquired over $20 million worth of LINK in just the last 24 hours, hinting at a potential shift in sentiment. For a confirmed rebound, Ali suggested that LINK must break above the $19 mark to target $23.70. However, he also cautioned that if LINK fails to maintain its current support near $15.50, a deeper correction could follow. Projections For LINK Another analyst, known as Crypto Elite, offered a more optimistic outlook. According to Elite, the prolonged downtrend for Chainlink that began in 2021 has recently been broken, providing a foundation for future gains. Elite identified ambitious price targets at $53, $100, and even $144, suggesting that the current phase might represent the early stages of a significant upward move. ChainLINK is Gearing Up for a Massive Move! The downtrend from 2021 has finally been broken, and we’re holding strong above it. ???? Targets I’m watching closely: 1️⃣ $53 2️⃣ $100 3️⃣ $144 The momentum is building—stay tuned for what’s next!$LINK #LINK #Link $Link pic.twitter.com/rvoTNXiSaV — @CryptoELlTES (@CryptooELITES) February 7, 2025 Notably, the coming weeks will be critical for Chainlink as it attempts to stabilize and possibly regain lost ground. It would be worth watching closely to see whether LINK can hold key support levels, sustain whale interest, and eventually climb past pivotal resistance points Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price has gradually increased, climbing from $96,000 to nearly $97,000 as of today. Although still shy of the coveted $100,000 mark, the leading cryptocurrency shows signs of resilience. This recovery is unfolding against the backdrop of mixed market signals, prompting analysts to weigh the potential for continued bullish momentum versus the risk of a near-term pullback. Related Reading: Bitcoin Faces Persistent Resistance at $100K, Analyst Eyes Next Step Bitcoin’s Market Momentum at a Crossroads One recent analysis from Onchain Edge, a contributor to CryptoQuant’s QuickTake platform, highlights Bitcoin’s current “critical decision zone.” Using two key indicators—the Taker Buy/Sell Ratio and the MVRV Ratio—Onchain Edge’s findings suggest a market that is not yet overvalued, though caution flags remain. While the overall on-chain data leans more positive, the contrasting signals highlight the precarious position of Bitcoin’s current rally. From a bullish perspective, the MVRV Ratio—an indicator that compares Bitcoin’s market value to its realized value—stands at 2.21, well below the levels that typically signal market tops (3.5–4.0). This suggests that Bitcoin’s current valuation is not overstretched, leaving room for further upside. Moreover, other indicators such as the Puell Multiple reinforce the notion that Bitcoin has not yet reached overbought conditions. According to the CryptoQuant analyst, if these macro indicators hold steady and buyers return in force, Bitcoin could continue its upward trajectory, potentially reclaiming six-figure territory before any substantial correction sets in. Possible Bearish Signals on the Horizon Despite these promising signs, the Taker Buy/Sell Ratio, which gauges market sentiment by comparing aggressive buy and sell orders, stands at 0.96—below the 0.98 threshold often associated with bullish strength. Onchain Edge reveals that historically, levels around this range have preceded market corrections, as was the case during peaks in March and November of 2021. Should Bitcoin fail to break above resistance, this ratio could hint at a short-term top. A sustained failure to climb past current levels may trigger a temporary pullback, providing a cooling-off period before any subsequent rally. As Bitcoin hovers near this pivotal price point, the market remains finely balanced between cautious optimism and potential downside risk. Onchain Edge concludes that maintaining a level above $95,000, combined with a resurgence in buying activity, could pave the way for a move to new highs. Related Reading: Bitcoin Meets Fiscal Reality: Fidelity’s Timmer Predicts What’s Next Conversely, a decline below critical support might lead to a healthy correction before the market regains upward momentum. While the bull cycle appears intact, the coming days may determine whether Bitcoin’s current rally has enough fuel to continue, or if a pause is on the horizon. Featured image created with DALL-E, Chart from TradingView
Ethereum (ETH) has failed to break from a key level, retracing 4% as most of the market bleeds. Some analysts believe that ETH’s next leg up won’t come in a few months, as the second-largest cryptocurrency could move sideways until May. Related Reading: Bitcoin’s Final Dip Before $273,000? A Market Veteran Thinks So Ethereum To Continue Sideways Move? On Monday, Ethereum swan against the current and registered a 6.3% surge toward the $2,850 support zone, momentarily breaking out of a symmetrical triangle pattern where it has been consolidating for the past 15 days. The cryptocurrency attempted to reclaim the $2,700-$2,800 level but failed to hold the zone in the following hours. On Tuesday, ETH’s short-lived party ended, sending the King of Altcoins on a 4% pullback toward the $2,605 mark. Crypto analyst Ali Martinez noted that Ethereum needed to hold the $2,600 support, a crucial level for the cryptocurrency, to continue within its multi-year ascending channel. To the analyst, failing to hold this level could hinder the long-awaited Altcoin season. Moreover, failing to hold this level could see ETH dropping to the $2,400 mark, as the current level doesn’t have significant demand. According to Martinez, the $2,425 level remains the most critical support zone for the cryptocurrency, as 10.33 million wallets accumulated 63.43 million ETH. Amid its most recent performance, market watcher DocXBT considers that Ethereum needs a re-accumulation period to attempt to reclaim higher levels. The analyst stated, “It needs an extended period of re-accumulation,” as the ones seen during the FTX collapse, 2023’s capitulation, and summer 2024’s capitulation. To DocXBT, “There’s nothing for ETH to do except go sideways for an extended period of time.” He added that it could continue hovering within its current range for two to three months “before we can bring trends down, flip them, and maybe get bullish again.” ETH’s $4,000 Breakout Just ‘A Matter Of Time’ Crypto trader Mikybull pointed out ETH’s bullish pattern in the longer timeframes. Ethereum has been in an ascending triangle since 2022, which suggests it could have a “massive breakout” once the upper resistance, around the $4,000 mark, is broken. The trader asserted that a “longer consolidation leads to a sustainable rally.” Similarly, analyst Ted Pillows stated that Ethereum is holding its uptrend support level, which suggests that the $4,000 breakout is just “a matter of time,” which could lead to a retest of the 2021 all-time high (ATH). The analyst pointed out the sentiment shift toward the Solana memecoin ecosystem, suggesting that rotation to Ethereum is about to happen. “Memecoins chains are dying, and people are flocking to utility chains,” he affirmed on X. Related Reading: SUI Bearish Grip Tightens As Price Eyes $2.8 Retest Amid Market Pressure Other analysts have recently signaled the potential rotation from SOL to ETH, arguing that the SOL/ETH trading pair has topped after the recent events in the Solana network. The most recent incident saw capital rotate toward Ethereum for the first time in a while and suggests the “ETH season” could be near. At the time of writing, Ethereum trades at $2,631, a 1% retrace in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum’s recent price performance indicates a departure from the negative trends that are seen in the broader cryptocurrency market. While assets such as Bitcoin have faced downward pressure, Ethereum managed a slight positive move yesterday, pushing its market value back above $2,700. Amid this price move, questions have been raised about whether the asset might be quietly building momentum for a sudden rally. Related Reading: Ethereum Forms A Bullish Pattern – Expert Reveals Short-Term Price Target Quiet Moves Behind The Scenes Santiment, a well-regarded market intelligence platform has recently highlighted this price performance from ETH on X, noting that Ethereum has outpaced many altcoins at the start of the week. This performance as reported by Santiment may be attributed to the ongoing trend of ETH moving from exchanges into cold wallets at an accelerating rate. In fact, only 6.38% of the available supply remains on exchanges, the lowest figure since Ethereum’s inception, according to Santiment. Santiment also revealed that renewed interest from the ETH community appears to be another factor behind this momentum. ???? Ethereum has shown mild signs of a rebound, currently back up to a market value of $2,745 and outpacing most altcoins to start the week. From a long-term perspective, ETH continues to move off of exchanges and into cold wallets at a shocking pace, with just 6.38% of the… pic.twitter.com/4MTJgpOLDT — Santiment (@santimentfeed) February 17, 2025 Having underperformed compared to other large-cap assets throughout 2024, Ethereum is now drawing attention as market participants begin anticipating a rebound when broader market conditions improve. Santiment’s analysis points to these movements as early indicators that Ethereum may be positioned for more sustained growth in the coming months. A Potential Upside for Ethereum and Altcoins Looking ahead, various market analysts have shared optimistic outlooks for Ethereum’s performance. Javon Marks, for example, sees ETH emerging from a lengthy consolidation phase. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum According to Marks, the asset could potentially recover over 72% from its current levels, returning to its all-time high zones. Such a move might also spark significant bullish momentum for other altcoins, further enhancing Ethereum’s role as an altcoin market leader. Coming out of what may have only been a massive bottoming/consolidation, $ETH could be setting up here for an over +72.1% surge in a recovery back to its ATH areas! Ethereum could still have a major upside coming, and this could also aid alts into significant bull moves as well. https://t.co/yKb13rWh99 pic.twitter.com/6fLTjolHQ0 — JAVON⚡️MARKS (@JavonTM1) February 17, 2025 Another perspective comes from crypto analyst Ali, who identified a crucial support level at $2,425. This level is noteworthy as it represents the accumulation zone for 10.33 million wallets holding a total of 62.43 million ETH. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price performance in recent weeks has maintained a sluggish movement, with the cryptocurrency now hovering near the $97,000 mark. Despite the 3% decline over the past two weeks, Bitcoin remains within a consolidation phase following its January all-time high above $109,000. As the asset lingers in this range, discussions around the ongoing halving cycle and its potential impact on future price movements have gained momentum. One noteworthy perspective comes from CryptoQuant analyst Oinonen, who recently shared insights into Bitcoin’s current standing relative to past halving cycles. Related Reading: Bitcoin’s Realized Cap Hits Record High—Is a Major Bull Run Brewing? Institutional Activity and Market Signals In a detailed analysis titled “Comparing Post-Halving Performance,” Oinonen pointed out that Bitcoin’s price has only risen 63% since the most recent halving in April 2024. This contrasts sharply with the 686% surge seen in the halving cycle of 2020-2021. While the power-law model and the principle of diminishing returns suggest more subdued gains over time, the relatively modest appreciation since the last halving indicates that the current cycle may still be in progress, leaving room for further upside. Oinonen also highlighted the role of institutional players in shaping Bitcoin’s price outlook. Notably, Strategy (formerly MicroStrategy) continues to be an influential market participant. In early 2025, the company increased its Bitcoin holdings by 7,633 BTC, bringing its total to roughly 478,740 units. According to Oinonen, Strategy’s ongoing acquisition strategy is a key indicator of institutional demand. Historically, these purchases have been pro-cyclical, suggesting that continued accumulation could signal a positive trajectory for Bitcoin’s spot price. Conversely, a slowdown in institutional buying could reflect a weaker market sentiment. Long-Term Outlook Amid Unfinished Halving Cycle Looking ahead, Oinonen anticipates a mixed market environment. Short-term challenges, such as a potential “sell in May” effect and a stagnant summer, may give way to stronger performance in the fourth quarter. The analyst reveals that this seasonal pattern has played out repeatedly in previous years, often resulting in elevated price levels by year’s end. However, the possibility of a more significant correction—spanning several months or even a year—remains on the table, particularly if macroeconomic events, such as geopolitical resolutions, shift market dynamics. Overall, the current halving cycle, by Oinonen’s analysis, appears incomplete. The moderate gains since April 2024 reflect a market that has yet to fully capitalize on the reduced issuance rate. Related Reading: Bitcoin STH Realized Profit Reveals Strong Support Level – Time For A Breakout? As such, the notion that Bitcoin’s bull run might still have legs is underpinned by historical trends and the presence of institutional players like Strategy. The interplay between reduced supply and continued demand sets the stage for potential upward movements, even as near-term volatility persists. Featured image created with DALL-E, Chart from TradingView
Solana (SOL) recently lost its key support zone amid the controversial Libra (LIBRA) token launch and crash. The cryptocurrency has dropped over 12% in the last three days and some analysts suggest it risks a deeper correction to monthly lows. Related Reading: Cardano Price Eyes Impulse Move After Bearish RSI Divergence Was Invalidated, Here’s The Target LIBRA Token Crashes Solana’s Party The Solana network has been the talk of the town this cycle due to the memecoin frenzy, as it has been the go-to chain for these projects. The cryptocurrency has also been one of the leading tokens over the last year, outperforming most altcoins in 2024. Since 2025 started, SOL has shown strength despite the repeated market retraces, holding above key levels, quickly bouncing back, and even hitting its latest all-time high (ATH) of $295 nearly a month ago. Nonetheless, the most recent controversial launch of a Solana-based token has sent SOL’s price into a three-day pullback. On Friday, the Viva La Libertad project was announced alongside the Libra token, receiving the endorsement of Argentina’s President Javier Milei. The project aimed to “encourage Argentina’s economic growth by funding small businesses and startups” and surged to a $4.5 billion market capitalization following the president’s X post. However, it crashed 94% after the team wallets and insiders sold over $100 million worth of LIBRA at the token’s peak, resulting in President Milei’s distancing from the project. After the Libra crash, market sentiment shifted, with some community members expressing exhaustion from the numerous memecoin scams launched in the Solana network during the cycle. As a result, SOL’s price dropped to $190 and hovered within this range until Sunday. As more details of the Libra project came out, Solana dropped another 7.8% to the $180 support zone, sending the price to its lowest valuation in two weeks. Solana Loses $180 Support On Monday morning, the cryptocurrency briefly recovered to the $187 level but was rejected from the nearly one-month downtrend resistance line, as trader Crypto Rand noted. To the investor, there is a “Key squeeze over the main $180 support.” Crypto analyst Ali Martinez highlighted that Solana remained within its key range. The $180 to $190 crucial zone holds the post-election breakout level and has been a significant bounce range for the cryptocurrency over the past four months. Nonetheless, SOL fell below its key support zone after President Milei retweeted a post about the Libra token on Monday afternoon. The X post explained the steps to invest in the cryptocurrency, briefly sending LIBRA 60% up before retracing 42% after Milei undid his retweet. Since then, Solana has hovered between the $175 to $178 price range, a 6.6 retrace in the daily timeframe. Is The SOL Season Over? Amid SOL’s recent price action, some analysts have pointed out its chart against Ethereum (ETH). According to Daan Crypto Trades, SOL/ETH will be “an interesting chart to watch for the next few weeks.” The trader explained that SOL interest peaked a month ago when the TRUMP memecoin was launched. The series of “scams, rugs, and grifts” during the weak market has destroyed the “on-chain/meme ecosystem,” which had fueled Solana’s “strong tun-up to that point.” Daan argues that “capital [is] rotating from SOL to ETH for the first in a while,” which could see the SOL/ETH trading pair retesting the 2021 ATH level at 0.058. This level has been “pretty influential this cycle” and was a key bounce point in Q4 2024. Related Reading: Bitcoin’s Big Breakout? Fed’s “Not QE, QE” Just Flipped The Switch Meanwhile, Michaël van de Poppe considered the valuation of SOL/ETH has topped after a “massive wick created a massive bearish divergence and valuations start to drop.” As a result, “ETH season starts over SOL season” and rotation from Solana towards Ethereum has started. The analysts compared the memecoin frenzy to 2020’s DeFi surge, concluding that the SOL “memecoin fiesta has been an inner-circle money printer for a small group, and everybody knows about it now.” Featured Image from Unsplash.com, Chart from TradingView.com
After a steady decline, Toncoin (TON) has seen a slight price increase over the past day, rising by 1.7% to $3.85. This movement comes amidst ongoing discussions about its longer-term performance and accumulation trends. According to an analysis by CryptoQuant analyst Shiven Moodley, there are indications that TON holders are positioning for a potential rebound. Moodley’s observations, which are detailed in a recent post on CryptoQuant’s QuickTake platform, suggest that the asset may be entering an accumulation phase despite its recent downward trajectory. Related Reading: Analyst Says Toncoin (TON) May Be Primed for Major Recovery—Here’s Why Toncoin Shows Signs of Accumulation Moodley points to several metrics as evidence. The 180-day Sharpe Ratio, a measure of risk-adjusted returns, signals a period of accumulation. This is further supported by stable TVL (Total Value Locked) in lending protocols and a noticeable reduction in speculative trading activity. Notably, the asset’s volatility has declined since the price spikes in December 2024 and February 2025. If this trend persists, it could imply that selling pressure is diminishing, potentially paving the way for a future rebound. Key on-chain indicators also paint a picture of potential opportunity. The Normalized Risk Metric (NRM), which evaluates TON’s valuation relative to historical moving averages, highlights accumulation at a price level of $3.82. Additionally, record lows in the Long-Term NRM suggest that longer-term holders are increasingly accumulating TON at these levels. Historically, similar setups have preceded market recoveries, giving investors a reason to believe that a medium-term price reversal may be on the horizon. Moodley wrote: It remains to be seen whether TON’s price action can stage a full recovery. However, long-term accumulation traders are best positioned to benefit from macro policy changes that could shift sentiment in the broader crypto market. The conditions could align for a potential rebound with selling pressure fading and risk metrics signalling a low-risk environment. On-Chain Metrics Hint at Long-Term Opportunity Another metric Moodley pointed out is the Risk Exposure Ratio—which tracks leveraged positions within TON’s DeFi ecosystem—it has recently reached a new high, exceeding 0.24 in early 2025. This suggests a growing influence of leveraged activity. However, if the ratio begins to decline, it could indicate a stabilization in market conditions, potentially leading to more stable price movements. Furthermore, the Probability of Spend metric shows that coins older than 400 days are unlikely to move, indicating strong conviction among long-term holders. This trend has historically correlated with phases of accumulation and recovery. As Moodley notes, short- to medium-term holders appear to be exiting their positions, likely contributing to the recent price weakness. Meanwhile, long-term holders remain consistent, suggesting a belief in the asset’s long-term potential. Related Reading: Toncoin (TON) Investors Sitting On 54% Profit Despite Price Plunge If selling pressure continues to ease and risk metrics improve, TON could be setting the stage for a more favorable market environment. In this scenario, long-term investors may be well-positioned to benefit from potential macroeconomic shifts that could ultimately boost Toncoin’s value. Featured image created with DALL-E, Chart from TradingView
After dropping below $100,000 earlier this month, Bitcoin has faced sluggish price movement with little upward momentum. Over the past week, the asset has just ranged below this six-digit mark with its price now hovering above $96,000 as of today. This sideways movement reflects a lack of significant momentum and has left many traders questioning what might spark the next major move. Related Reading: Bitcoin’s Bull Cycle: Analyst Says The Upside Isn’t Over Yet Late Longs Liquidated: The Impact Despite the lack of a breakthrough, Bitcoin’s price behavior continues to attract the attention of market analysts. One such expert is Amr Taha, a contributor to CryptoQuant’s QuickTake platform. Taha’s recent analysis in a post titled: “Late Buyer’s Liquidation Events Happened 3 Times Under 98K,” sheds light on a notable pattern of liquidations among long positions. His insights offer a deeper understanding of how market dynamics can shift following these liquidation events. Taha describes “late longs” as traders who enter the market after a substantial price increase, often motivated by fear of missing out (FOMO). These positions tend to be highly leveraged, making them more vulnerable to even minor price corrections. According to Taha, late longs often emerge near local price peaks, and their presence can destabilize the market. The analyst points out that when these positions are liquidated, it serves a dual purpose. Firstly, it reduces the market’s open interest, helping to flush out excess leverage and restore a more balanced trading environment. Secondly, these liquidation events can present opportunities for experienced traders. By stepping in after forced selling, savvy market participants can potentially secure better entry points and position themselves for the next upward price movement. Bitcoin Market Performance Bitcoin has seen quite a bullish performance in the past day increasing by 1.3% in price to currently trade at $96,725, at the time of writing. However, on a broader scale, the asset still appears to be somewhat bearish with its weekly and monthly price performance in red. Interestingly, despite the uptick in BTC’s price today, its daily trading volume as of today remains lower than that of last week. Last Friday, BTC’s daily trading volume stood above $50 billion however, as of today this metric has dropped to $24.7 billion. Related Reading: Bitcoin’s Realized Cap Hits Record High—Is a Major Bull Run Brewing? Meanwhile, a crypto analyst known as Javon Marks has revealed that based on some bullish indicators emerging on BTC’s price chart, a “bullish result” is imminent. Bull-Flag Breakout HOLDING ????! Bullish Results looking imminent, on multiple metrics.$BTC pic.twitter.com/9IRnzX71P8 — JAVON⚡️MARKS (@JavonTM1) February 14, 2025 Featured image created with DALL-E, Chart from TradingView