Coin overview
ATH
Ended--
Last price (USDT)
301.74K
24h total (USDT)
1.14M
Total vol (USDT)
2024-06-05 08:00:00 ~ 2024-06-12 09:30:00
Trading time (UTC+0)
2024-06-13 04:00:00
Delivery time (UTC+0)
Total supply42.00B
Resources
Introduction
Aethir is the only Enterprise-grade AI-focused GPU-as-a-service provider in the market. It’s a decentralized cloud computing infrastructure that allows GPU providers (containers) to meet Enterprise clients who need powerful H100’s chips for professional AI/ML tasks. Aethir also support cloud gaming clients with their virtual computing phones and GPU's with contracts with the world’s largest telecommunication company. Everything within Aethir ecosystem will be decentralized and community-owned.
Bitcoin (BTC) Surges to New ATH Amidst Declining Sell-Side Pressure
Bitcoin (BTC) Surges to New ATH Amidst Declining Sell-Side Pressure Iris Coleman Jan 22, 2025 06:52 Bitcoin reaches a new all-time high of $109k after months of consolidation. Analysis reveals diminishing sell-side pressure and signals of potential market volatility, according to Glassnode. Bitcoin (BTC) has broken through its previous rangebound conditions, achieving a new all-time high (ATH) of $109,000, following two months of consolidation. This surge comes amidst a backdrop of declining sell-side pressure, as noted in recent analysis by Glassnode. Capital Flows and Market Equilibrium As Bitcoin surpassed the $100,000 mark, net capital inflows surged, indicating substantial profit-taking by investors. However, these inflows have since tapered off, suggesting a stabilization in the market as it adjusts to the new price level. The Realized Cap, an indicator of the total value stored in Bitcoin, has reached an ATH of $832 billion, growing at $38.6 billion per month. The Net Realized Profit/Loss metric, which tracks the magnitude of net capital flows in USD on-chain, shows a significant decline in profit-taking volumes—from a peak of $4.5 billion in December 2024 to $316.7 million, a 93% reduction. Declining Sell-Side Pressure Metrics such as Coinday Destruction and exchange inflow volumes highlight a decrease in sell-side pressure. The Binary CDD metric, which measures the expenditure of 'holding time,' indicates that many investors have already realized profits within the current price range. Long-term holders (LTH) have shown reduced activity in sending BTC to exchanges, with inflow volumes dropping from $526.9 million in December to $92.3 million. This suggests a shift from distribution to accumulation, with LTH supply showing signs of growth. Volatility Indicators Tightening Several measures of volatility are showing signs of tightening. The historically narrow 60-day price range suggests the market might be poised for another significant move. The Realized Supply Density metric indicates 20% of the Bitcoin supply is concentrated within ±15% of the current spot price, increasing potential volatility. The Sell-Side Risk Ratio, which assesses the volume of realized profit and loss relative to the Realized Cap, has declined sharply. This metric implies that most profit-taking activities have been executed, indicating a local equilibrium and foreshadowing potential volatility. Conclusion The recent surge in Bitcoin's price to a new ATH of $109,000 reflects a complex interplay of reduced sell-side pressure and tightening volatility indicators. As the market stabilizes above $100,000, investors and analysts are closely monitoring these metrics for signs of the next potential market movement. For more detailed insights, visit the original analysis by Glassnode here . Image source: Shutterstock
Avalanche eyes US growth by harnessing AI and blockchain innovations
Avalanche is positioning itself for significant growth in the US by leveraging the Trump administration’s focus on technological advancement On Jan. 21, Emin Gün Sirer , founder of Ava Labs , shared optimism about the administration’s emphasis on innovation, describing it as a timely push for transformative growth. According to him, Avalanche intends to align its initiatives with this momentum to accelerate the adoption of blockchain technology within the US. He stated : “President Trump’s renewed focus on American innovation and growth is long overdue. Now is our moment. Let’s get to work bringing real world activities on chain, and making American the heart of the world’s digital economy.” Avalanche’s planned move is unsurprising, considering the anticipated regulatory changes in the US would create new opportunities for blockchain technology . Industry insiders are optimistic about the administration’s pro-crypto stance , given its plans to establish a national Bitcoin reserve and integrate blockchain solutions into economic reforms. Additionally, observers believe Trump’s high-profile appointments of figures like Paul Atkins and David Sacks to key positions indicate his administration’s commitment to advancing blockchain and artificial intelligence (AI) technologies. Avalanche’s AI moves Avalanche’s US expansion efforts coincide with a significant partnership between the Avalanche Foundation and Aethir , a decentralized cloud platform. The collaboration, announced on Jan. 21, focuses on strengthening AI-driven projects within Avalanche’s ecosystem by leveraging Aethir’s $100 million fund and technological expertise. Through this partnership, Aethir joins Avalanche’s InfraBUIDL(AI) program, an initiative designed to integrate AI with blockchain infrastructure. The program provides up to $15 million in direct funding and retroactive grants to developers building AI solutions. Aethir’s involvement will prioritize projects that require scalable computing power and advanced resources. The partnership enhances the Avalanche ecosystem’s support for web3 innovations, particularly in AI and gaming. By aligning grant distribution with project-specific computing needs, the collaboration ensures targeted support for developers aiming to deliver impactful solutions. Avalanche Foundation CEO Aytunç Yildizli hailed the partnership as a pivotal step in advancing AI and decentralized infrastructure. He emphasized that this collaboration reflects Avalanche’s commitment to fostering technological breakthroughs by creating opportunities for innovators to thrive. Mentioned in this article Avalanche Bitcoin Aethir Ava Labs Aethir Emin Gün Sirer Donald Trump Paul Atkins David Sacks Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Seeking Liquidity
From UkuriaOC, CryptoVizArt, Glassnode Executive Summary: Capital flows into Bitcoin remain positive, although they have declined in magnitude since first reaching $100k. This highlights a period of declining sell-side pressure as the market approaches a near-term equilibrium. Sell-side pressure from long-term investors has also declined, alongside volumes deposited to exchanges for sale. Several measures of volatility are tightening up, with the market trading within a historically narrow 60-day price range, often a sign that the market is almost ready to move again. 💡View all charts in this edition in The Week On-chain Dashboard. Capital Flows Approaching Equilibrium As the price hit the $100k level, net capital inflows into Bitcoin surged, signifying investors were locking in substantial profits. These capital inflows have since started to decline in magnitude as the market consolidates and acclimatises to the new price range. This slowdown in profit-taking represents a net reduction in sell-side forces, thus requiring less fresh capital to maintain prices within the trading range. The Realized Cap is currently trading at an ATH value of $832B, and is growing at a rate of $38.6B/month. Live Chart The Net Realized Profit/Loss metric is the first derivative of the Realized Cap, allowing us to discretely observe the magnitude of net capital flows occurring on-chain, denominated in USD. As the market digests the profit-taking distribution pressure, the balance of realized profit and loss volumes gradually trends back towards the neutral position. This suggests that a reset of supply and demand forces is taking place, and that the majority of coins transacting at the moment are not locking in a large value delta relative to the price the coins were first acquired. Profit taking volumes reached a peak of +$4.5B in December 2024, and have now declined to a value of +$316.7M (-93%). Live Chart The absolute magnitude of Realized Profit and Realized Loss (Entity-Adjusted) are another set of tools which helps us gauge the direction and sentiment of capital flowing in and out of Bitcoin. When we sum realized profit and loss together, we can see this combined metric has experienced a sharp decline from its ATH of $4B, down to a value of $1.4B. Despite this -65% decline, the current value remains elevated from a historical standpoint, highlighting the scale of day-to-day demand absorbing this capital during bull market conditions. Live Chart Supply Side Slows We have established that there is a noteworthy decline in overall sell-side pressure. We can confirm this view using metrics like Coinday Destruction, and exchange inflow volumes to further investigate these dynamics. The first tool we can employ to better profile investor distribution pressure is the Binary CDD metric. This metric tracks the expenditure of ‘holding time’ across the market, tracking when holders of old supply are transacting increasingly large volumes. We saw a sustained period of heavy coinday destruction in late 2024, and early January. Over recent weeks, this metric has started cooling off, as relatively light coinday destruction took over. This suggests that a significant number of investors who had planned to take profits have likely done so within the current price range. Generally speaking, this indicates that the market may need to go ‘somewhere else’ in order to entice and unlock the next wave of supply. Live Chart The Long-Term Holder (LTH) Binary Spending Indicator is another metric we can use to evaluate the duration of sustained sell-side pressure. This tool focuses specifically on long-term investors. Aligned with the heavy profit-taking volumes from before, we can see a significant decline in the total LTH Supply as the market reached $100k in December. The rate of LTH Supply decline has since stalled out, suggesting a softening of this distribution pressure in recent weeks. Currently, the total LTH supply is starting showing signs of growth back to the upside, suggesting that accumulation and HODLing behaviour is now larger than distribution pressure for this cohort. Live Chart Centralized exchanges remain the primary venue for speculation and trade, and process billions of dollars in flows on any given day. Exchange inflows have markedly declined from a peak of $6.1B to $2.8B (-54%), which underscores a considerable reduction in recent speculative activity. Notably, LTH inflow volumes to exchanges have declined from $526.9M in December, to a current value of just $92.3M, a -83% decline in deposit volumes. This further supports the thesis that long-term investors may have completed a large tranche of their profit-taking within this price range. Live Chart In order to further profile the supply and demand balance, we can compare the rate of various cohorts balance change, normalized by to the volume of BTC mined. This provides a relative measure compared to new issuance which was theoretically absorbed by each cohort. Focusing on the Shrimp-Crab cohort (holding <10 BTC) as a proxy for retail and individual investors, we note that this cohort has absorbed around +25.6k BTC over the last month. This compares to monthly issuance of around +13.6k BTC minted by miners. As a result, these retail and individual holders have effectively absorbed 1.9x the volume of new supply coming to market via primary production. Live Chart Coiling Volatility A strong degree of confluence can be noted between both on-chain models, and the historically narrow 60-day price range, allowing investors to preempt regimes of heightened volatility. By measuring the percent range between the highest and lowest price ticks over the last 60 days, we can see the compression or market volatility over time. The chart below highlights periods which have a tighter 60 day price ranges than the current trading range. All of these instances have occurred prior to a significant burst of volatility, with the majority being in early bull markets, or prior to late stage capitulations in bear cycles. Live Chart Sustained sideways price action within a narrow range allows for a large proportion of the circulating supply to redistribute and concentrate at a relatively higher cost basis. The Realized Supply Density metric quantifies the supply concentration around the current spot price within a ±15% price move. When supply is highly concentrated around the spot price, small movements in price can significantly affect investor profitability, which in turn can amplify market volatility. After the Bitcoin price peaked in December, it started to consolidate, creating a dense concentration of supply with a cost basis close to the spot price. Currently, 20% of the supply resides within a ±15% of the spot price. Live Chart The Sell-Side Risk Ratio describes this phenomenon from a different perspective. This metric assesses the total volume of both realized profit and loss locked in by investors relative to the asset size (measured via the Realized Cap). We can consider this metric under the following framework: High values indicate that investors spend coins at a significant profit or loss relative to their cost basis. This condition indicates that the market likely needs to re-find equilibrium and usually follows a high volatility price move. Low values indicate that most coins are being spent relatively close to their break-even cost basis, suggesting a degree of equilibrium has been reached. This condition often signifies an exhaustion of ‘profit and loss’ within the current price range and usually describes a low volatility environment. There has been a significant contraction in Short-Term Holder spending activity in recent weeks, leading the Sell-side risk to decline very sharply. This often signals that all of the profit and loss taking events which investors planned for, have now been executed. It tends to signal that the market is near a local equilibrium, and is a precursor to the next wave of volatility. Live Chart Summary and Conclusion Bitcoin has experienced intense intraday whipsaws in price, surging to a new ATH of $109k before crashing and subsequently stabilizing above $100k. This heightened degree of market indecision is compounded by the challenging and uncertain macro backdrop heading into, and across the US Presidential inauguration. In this article, we evaluated and analyzed the conditions preceding the explosive yet wavering price action. We present a framework to identify signposts for impending volatility by utilizing the confluence of diminishing on-chain volume and capital flows, alongside a tightening price range. Disclaimer: This report does not provide any investment advice. All data is provided for information and educational purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions. Exchange balances presented are derived from Glassnode’s comprehensive database of address labels, which are amassed through both officially published exchange information and proprietary clustering algorithms. While we strive to ensure the utmost accuracy in representing exchange balances, it is important to note that these figures might not always encapsulate the entirety of an exchange’s reserves, particularly when exchanges refrain from disclosing their official addresses. We urge users to exercise caution and discretion when utilizing these metrics. Glassnode shall not be held responsible for any discrepancies or potential inaccuracies. Please read our Transparency Notice when using exchange data .
2025 Bitcoin Price Trajectory: 25 Finance Experts Project $161K Target
As Bitcoin touched new ATH due to the Trump inauguration frenzy, several finance experts and crypto analysts are reading the bullish sentiments to paint an upbeat picture for the Bitcoin price movement this year. At present, Bitcoin is trading at $107,106, with a market cap of $2.12 trillion, which showcases a robust performance of over 11% gain since the beginning of 2025. This has set the stage for what many experts believe will be a transformative year for the crypto market. Why Analysts Are Betting Big on Bitcoin? A comprehensive survey conducted by Finder, featuring insights from 25 industry experts, reveals a striking average price target of $161,105 for Bitcoin by year-end 2025. This projection represents a significant uptick from previous forecasts, surpassing the October 2024 consensus of $113,364. Joseph Raczynski, a Futurist at JT Consulting & Media, emerges as one of the most bullish voices in the survey, attributing his optimistic $275,000 price target to what he calls the "golden trifecta" of favorable conditions. "Never since I've been watching Bitcoin (2011) has the golden trifecta aligned," Raczynski explains, pointing to U.S. regulatory clarity, potential nation-state adoption for strategic reserves, and widespread institutional acceptance as primary catalysts. Price Volatility To Continue in 2025? Despite the overall optimistic outlook, analysts anticipate significant price fluctuations throughout 2025. The survey reveals a wide disparity in predictions, with the highest projected peak reaching $300,000 and the lowest bottom at $39,500. The average maximum price prediction stands at $185,000, while the average minimum hovers around $80,167, suggesting that investors should brace for considerable market volatility. Bitcoin Price Undervalued? Perhaps the most intriguing aspect of the survey is that 80% of finance experts consider Bitcoin either fairly valued or undervalued at current prices. This sentiment is particularly pronounced among 48% of respondents who explicitly state that Bitcoin is undervalued, while 32% consider it fairly priced. Only a minority of 20% view the cryptocurrency as overvalued at present levels. Josh Fraser, co-founder of Origin Protocol, presents one of the most compelling arguments for Bitcoin's undervaluation, despite providing the survey's lowest price prediction of $39,500. "Bitcoin remains undervalued," Fraser asserts, drawing parallels with gold's market capitalization. "Bitcoin's market capitalisation to eclipse that of gold (~$17T) in the next decade... would bring Bitcoin's price to around $800,000," he explains, citing Bitcoin's superior characteristics in terms of divisibility, accessibility, and transferability. How will BTC fare after 2025? All the finance experts surveyed thinks Bitcoin’s upward trajectory will go beyond 2025 as they see the digital asset’s potential to hit $400,000 by 2030. This upbeat long-term forecast shows the increased market confidence in Bitcoin’s fundamental value which will likely change the global finance system in the coming years. This is happening due to multiple factors like rate cuts by Federal Reserve, political developments in the future and supply constraints. All these will act as a positive catalyst for Bitcoin’s growth like just the way how Trump’s pro-crypto election pitch and the following appointments triggered the price rally last year. Investors To Position Carefully While most finance experts are of the opinion that Bitcoin will see significant price appreciation this year, they have still asked crypto investors to take a cautious approach. This can be attributed to BTC's inherent price volatility. The wider range of Bitcoin price forecasts, from $600,000 to $275,000, speaks of strategic positioning and risk management by crypto traders as regulatory frameworks develop and institutional adoption continues to grow. Depending on this, Bitcoin’s 2025 price trajectory will fluctuate, which is both challenging and exciting for market participants.
How Avalanche Plans to Revolutionize the US Market with AI and Blockchain
Avalanche is positioning itself for significant growth in the US by aligning its blockchain and AI initiatives with the Trump administration’s focus on technological innovation. Through strategic partnerships like the one with Aethir, Avalanche is working to drive AI adoption and decentralized infrastructure development, aiming to make the US a global leader in the digital economy. Avalanche, a blockchain platform developed by Ava Labs, is setting its sights on the US market with ambitious plans to harness both artificial intelligence (AI) and blockchain technology. The platform is positioning itself to take advantage of the Trump administration’s renewed focus on innovation, aiming to significantly impact the US digital economy and technological landscape. Emin Gün Sirer, the founder of Ava Labs, expressed his optimism about the government’s emphasis on technological advancements during a keynote address on January 21. He believes that this renewed attention to innovation presents a unique opportunity for Avalanche to accelerate the adoption of blockchain technology across various industries. President Trump’s renewed focus on American innovation and growth is long overdue. Now is our moment. Let’s get to work bringing real world activities on chain, and making America the heart of the world’s digital economy. Sierr stated. Avalanche’s plans to expand within the US come at a time of anticipated regulatory shifts that could open up new avenues for blockchain technology. Market insiders have expressed positive expectations for the administration’s pro-crypto stance, particularly given its plans to establish a national Bitcoin reserve and incorporate blockchain solutions into broader economic reforms. Avalanche’s strategic alignment with the administration’s goals is further reinforced by the high-profile appointments of pro-crypto figures like Paul Atkins and David Sacks to key positions within the government. These moves suggest a serious commitment to advancing both blockchain and AI technologies, which are crucial components of Avalanche’s future plans. One of the most notable moves for Avalanche is its partnership with Aethir, a decentralized cloud platform, announced on January 21. This collaboration focuses on boosting AI-driven projects within the Avalanche ecosystem. Aethir brings to the table a $100 million fund and substantial technological expertise, creating a powerful synergy aimed at propelling innovation in blockchain and AI. As part of the partnership, Aethir will integrate into Avalanche’s InfraBUIDL(AI) program, which is designed to fuse AI with blockchain infrastructure. This program offers up to $15 million in direct funding and retroactive grants to developers working on AI-based solutions. Aytunç Yildizli, CEO of the Avalanche Foundation, expressed his excitement about the partnership, calling it pivotal for advancing AI and blockchain technologies. He emphasized that this collaboration is a reflection of Avalanche’s broader commitment to fostering technological breakthroughs and creating opportunities for innovators to thrive in the rapidly evolving landscape of blockchain and AI. With these strategic partnerships and a clear vision for aligning with US government initiatives, Avalanche is positioning itself as a key player in the US blockchain and AI space, ready to revolutionize the digital economy in the coming years.
Bitcoin Price Eyes New Heights: Will It Smash Another ATH?
Bitcoin price started a fresh increase above the $104,000 zone. BTC is consolidating above $105,000 and might aim for a new all-time high. Bitcoin started a decent increase above the $102,500 resistance zone. The price is trading above $104,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $104,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $103,500 support zone. Bitcoin Price Regains Traction Bitcoin price started a decent upward move above the $102,500 zone. BTC was able to climb above the $103,500 and $104,000 levels. The bulls even pushed the price above the $105,000 level. Besides, there was a break above a connecting bearish trend line with resistance at $104,000 on the hourly chart of the BTC/USD pair. The pair surpassed the 50% Fib retracement level of the downward move from the $109,112 swing high to the $100,114 low. Bitcoin price is now trading above $104,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $107,000 level. It is close to the 76.4% Fib retracement level of the downward move from the $109,112 swing high to the $100,114 low. The first key resistance is near the $107,500 level. A clear move above the $107,500 resistance might send the price higher. The next key resistance could be $109,000. Source: BTCUSD on TradingView.com A close above the $109,000 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level and a new all-time high. Any more gains might send the price toward the $112,500 level. Downside Correction In BTC? If Bitcoin fails to rise above the $107,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $104,500 level. The first major support is near the $103,500 level. The next support is now near the $102,800 zone. Any more losses might send the price toward the $100,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $104,500, followed by $103,500. Major Resistance Levels – $107,000 and $108,500.
Sol Strategies Entered OTC Group Best Market Under the Ticker “CYFRF”
Last updated: January 21, 2025 16:26 EST In a major development for the Solana blockchain ecosystem, Sol Strategies Inc. has officially commenced trading on the OTC Best Market under the ticker “CYFRF.” This followed an upgrade from the Pink market. With this new milestone, the company has reiterated its dedication to investing in and building infrastructure for the growing Solana ecosystem. OTCQX upgrade complete ✅ $CYFRF is now trading on OTCQX Best Market, making it easier for U.S. investors to join our Solana infrastructure mission. The future of $SOL is being built now ⚒️ Read more here: https://t.co/ogvYgewIEo — Sol Strategies (CSE: HODL | OTC: CYFRF) (@solstrategies_) January 21, 2025 Interestingly, Sol Strategies has also filed an application for listing on the Nasdaq, with final approval pending. Sol Strategies Now Trading on OTC: What Does This Mean? According to the press release , Sol Strategies’ transition to the OTCQX Best Market will foster transparency and streamline investors’ access to its financial data. The OTCQX market, operated by OTC Markets Group Inc., is recognized for its rigorous standards, which include strong financial reporting, corporate governance best practices, and compliance with applicable securities laws. U.S. investors can now view real-time Level 2 quotes and access comprehensive financial disclosures for Sol Strategies via the OTC Markets website. This transparency also seeks to bolster investor confidence, particularly for newcomers to a speculative blockchain market. The company’s presence on OTCQX also enables it to leverage its existing Canadian Securities Exchange (CSE) reporting, which further simplifies the process of disseminating key information to a U.S. audience. The upgrade represents not just a technical shift but also a strategic one, as it offers investors greater assurance about the company’s operational integrity and future potential. Looming Nasdaq Listing Amid Growth While the OTCQX listing is pivotal, Sol Strategies is setting its sights even higher with its ongoing Nasdaq application. A successful Nasdaq listing would elevate the company to the global stage, attract an even wider pool of institutional and retail investors, and offer greater liquidity and visibility. These developments come at a time when Sol has been performing well in the past few days. This performance can be attributed to the growing Solana ecosystem, which saw substantial network activities surge following the launch of $TRUMP memecoin . This facilitation not only drove the entire market up but also pushed SOL to a new ATH of $280. Sol Strategies’ focus on Solana infrastructure particularly positions it uniquely to capitalize on this growth. Notably, Sol Strategies has recently drawn $4 million from a CAD $25 million unsecured revolving credit facility provided by its chairman and director, Antanas Guoga. 🚀 @solstrategies_ has secured a CAD $25 million credit facility to boost investments in the Solana ecosystem. #SolStrategies #Solana https://t.co/Cng7wfCdBU — Cryptonews.com (@cryptonews) January 7, 2025 This funding will support large-scale Solana token acquisitions, staking strategies, and ecosystem investments, including decentralized finance protocols, validator operations, and liquidity provision for new projects. The terms of the credit facility, deemed fair and reasonable under Canadian securities law, include a 5% annual interest rate and exemptions from certain reporting requirements. The company has delivered major returns despite a turbulent time for blockchain-related companies towards the end of 2024. Its share price has surged over 3108% in the past six months, driven by its substantial expansion into the Solana ecosystem.. Since rebranding from Cypherpunk Holdings in September 2024 , the company has rapidly scaled its holdings, including staking nearly 950,000 SOL worth $202.9 million and holding over 142,000 SOL. This impressive growth has outpaced Solana’s market performance and set the stage for further developments this year, which will most likely see the Nasdaq listing.
Polygon (POL) Eyes Breakout as Volume Jumps 72%
Polygon (POL), the Ethereum scaling solution, looks set for a price breakout given its technical indicators. Notably, Ali Martinez, in an X post , highlighted a critical signal that suggests POL could surge amid a broader crypto market boom. Polygon signals breakout of bearish pattern According to Martinez, Polygon appears to have broken out of a descending triangle and is now targeting $0.69. Notably, a descending triangle is a bearish technical chart pattern that indicates a continuation of a downtrend in price action. #Polygon $POL appears to have broken out of a descending triangle, targeting $0.69! pic.twitter.com/UmulLvfYBf — Ali (@ali_charts) January 20, 2025 Hence, POL’s ability to break off from this decline suggests that the price has moved above the critical resistance level caused by the descending bearish line. With this breakout, there is a high chance the asset's price could shift upward in a bullish pattern. In response to this development, POL had hit a market high of $0.4921 in earlier trading. However, the coin has pared off earlier accrued gains and now trades at $0.4607, a 3.67% decline in the last 24 hours. However, trading volume has increased by 72% to $417.57 million within the same time frame. This increased market activity hints at renewed interest from market participants. Investors backing Polygon might have decided to position themselves ahead of the anticipated price rally for profit-taking. Community anticipates Polygon AggLayer Market analysts predict Polygon could explode in price action, with Ali Martinez projecting $0.69. However, others project it could test the $1 level, even if it did not flip its all-time high (ATH) of $1.29, attained in March 2024. Meanwhile, another network development that could support a positive price surge is the AggLayer connectivity protocol. If nothing upsets the schedule, the Agglayer will debut on the mainnet, possibly in the first quarter of 2025. Sandeep Nailwal, the Polygon cofounder, hinted at this development in a post he shared with the community. The blockchain activated its testnet v0.2 a month ago.
Institutional Pullback Raises Questions About Bitcoin’s Future Amid Record Retail Interest
The cryptocurrency market faced unexpected challenges as institutional investment into exchange-traded funds (ETFs) stagnated, raising concerns over Bitcoin’s future. Despite the anticipation of increased adoption post-inauguration, the lack of inflows indicates a potential shift in institutional sentiment towards cryptocurrencies. “Institutions appear hesitant in the current market environment,” stated a representative from COINOTAG. “This could signal a more cautious outlook for Bitcoin’s price trajectory.” The recent halt in ETF inflows has raised alarms in the cryptocurrency market, casting doubt on Bitcoin’s prospects for growth amid institutional hesitance. Institutional pullback dampens BTC momentum Data from Farside Investors show zero inflows recorded from all major asset managers on a day that was expected to boost cryptocurrency adoption in the U.S. The absence of investment from heavyweights such as BlackRock, Fidelity Investments, and Bitwise is particularly striking, especially after these firms had shown strong interest leading up to the event. This noticeable decline in institutional participation is noteworthy as it has directly affected market sentiment surrounding Bitcoin (BTC). The ETF market had previously closed on a high note with $1.072 billion as institutions aimed to capitalize on emerging opportunities in the crypto space. Many had predicted that the new administration in key regulatory bodies would foster an environment conducive to increased institutional adoption. However, the current market trends reveal that these expectations are not being met with corresponding investment activity. Bitcoin reached an all-time high (ATH) of $109,114.88 just before the inauguration day, but since then, it has been on a downward trend. As of the latest reports, BTC is trading at $103,759.10, reflecting a 4.18% decline over the past 24 hours, with trading volumes also seeing a drop of 3.35% to $106.14 billion. Impact on Bitcoin’s future trajectory The cautious stance taken by institutional investors could significantly influence Bitcoin’s upward potential going forward. Analysts suggest that unless the new U.S. administration articulates a clear policy on the Bitcoin Reserve—its regulatory stance and future adoption—the current apprehension could deter further institutional commitment. This creates a critical backdrop against which Bitcoin’s anticipated growth could falter. Despite these challenges in institutional sectors, retail investors seem undeterred. Reports indicate a surge in retail interest, as new investors actively engage with cryptocurrency markets, reaching an ATH in specific Google searches regarding Bitcoin. This divergent behavior between institutional and retail investors could play a crucial role in determining Bitcoin’s future price movements, highlighting the necessity for ongoing analysis of market dynamics. Conclusion In summary, the recent lack of institutional inflows into ETFs poses a significant challenge for Bitcoin’s market outlook. With the cryptocurrency witnessing a decline in price and volume, institutional sentiment needs to shift positively for a recovery to take place. However, the uptick in retail interest suggests that the overall ecosystem remains vibrant. The future outlook for Bitcoin will largely depend on how quickly institutional players reassess their strategies in the changing regulatory landscape and whether they can align themselves with retail investors’ enthusiasm moving forward. In Case You Missed It: Chainlink (LINK) Trading Volume Soars by 223% Amid Price Surge and Increased Market Interest
Bitcoin Price Crosses $109K to Hit ATH as Trump Prepares to Take Office
Last updated: January 20, 2025 02:54 EST Bitcoin (BTC) has surged past $109,000 as President-elect Donald Trump prepares to begin his second term in the White House. The cryptocurrency briefly hit an all-time high (ATH) of $109,111 on Jan. 20, according to data from CoinMarketCap , before quickly retreating below $108,000. At the time of writing, Bitcoin is trading at $108,342, marking a 3% increase over the past 24 hours. Bitcoin Rallies Ahead of Trump Inauguration This record-breaking rally comes just hours before Trump is set to be inaugurated as the 47th President of the United States at 4:00 pm UTC. Trump’s upcoming presidency has sparked significant bullish sentiment in the crypto market, with his victory in November 2024 fueling Bitcoin’s rise above $100,000 for the first time in December. Optimism among cryptocurrency enthusiasts centers around Trump’s anticipated pro-crypto policies, including the possibility of establishing a strategic Bitcoin reserve and loosening crypto regulations. The inauguration marks a pivotal moment for both U.S. politics and the global crypto market, as investors eagerly watch how Trump’s policies may shape the future of digital assets. Bitcoin’s meteoric rise underscores its growing role as a key financial instrument in uncertain times. BITCOIN HIT NEW ATH $109,500 🚀 $10,000 PUMP IN 8 HOURS !! pic.twitter.com/B6cW7W42We — Ash Crypto (@Ashcryptoreal) January 20, 2025 As reported, Trump is expected to prioritize executive orders addressing crypto de-banking and revising a controversial bank accounting policy. The anticipated orders include a repeal of a policy introduced under the Biden administration, requiring banks holding cryptocurrency to list the digital assets as liabilities. This policy stems from the Securities and Exchange Commission’s March 2022 Staff Accounting Bulletin, SAB 121, which has faced resistance from the crypto industry. The Trump team has reportedly emphasized the urgency of reversing these measures, with sources close to the discussions confirming their high priority. U.S. Crypto Landscape Poised for Growth Under Trump In a recent comment shared with Cryptonews.com, Luca Sorlini, Head of Product at Northstake, said Donald Trump’s presidency could reshape the U.S. crypto industry. According to Sorlini, the administration has the potential to foster significant growth by addressing key challenges and leveraging America’s inherent advantages. Sorlini emphasized that under Trump, clear regulatory guidelines could transform the U.S. into a hub for crypto innovation. “American crypto companies currently operating offshore could relocate back to the U.S., enriching the domestic ecosystem,” he noted. By reducing legal uncertainties, companies can focus on creating value, taking risks, and driving adoption, ultimately strengthening the market. Priorities for 2025 Sorlini outlined essential steps for the administration, including comprehensive regulations for tokens, stablecoins, and virtual asset service providers (VASPs). He also advocated for promoting dollar-denominated stablecoins internationally to reinforce the U.S. dollar’s global dominance and demand for treasuries. The U.S., with its vast capital markets and innovative ecosystem, is well-positioned to rival crypto leaders like Singapore and Switzerland. “The obstacles, primarily regulatory uncertainties, can be tackled quickly,” Sorlini said, adding that balancing innovation with safeguards is crucial.
Bitcoin’s ATH, Meme Coin Mania, and Other Crypto Highlights from Trump’s Inauguration
Ahead of Donald Trump’s official inauguration as President of the United States, the crypto market experienced a surge of activity, leading to a new all-time high (ATH) for Bitcoin and other developments. On the eve of Donald Trump’s inauguration, Bitcoin soared to $108,786, marking an ATH, according to CoinGecko. On some cryptocurrency exchanges, the asset traded above $109,000. The total crypto market capitalization briefly approached $4 trillion. However, after the President officially assumed office, cryptocurrencies weren’t mentioned among his administration’s policy priorities. Nor were they addressed in public speeches or in executive orders signed on his first day. As a result, by 11:00 a.m. (GMT+2) on January 21, 2025, Bitcoin’s price fell 5% in 24 hours, while the total market cap of cryptocurrencies dropped by more than 6%. Despite Donald Trump’s silence, industry experts believe digital assets will play a significant role in the new administration’s policies. For example, Jeremy Allaire, CEO of Circle, told Reuters he expects the U.S. President to issue an order allowing banks to offer custody, investment, and trading services for cryptocurrencies. Allaire also anticipates the repeal of Staff Accounting Bulletin (SAB) 121, which made it economically disadvantageous for companies to hold crypto-assets on their balance sheets. During his campaign, Donald Trump repeatedly expressed his intention to include Bitcoin in the U.S. strategic reserves if reelected, promising to make the country the “crypto capital of the planet.” Meme Coin Market Boom In the lead-up to his inauguration, on January 18, 2025, Donald Trump announced the launch of his own meme coin, Official Trump (TRUMP). The asset caused a frenzy within the crypto community, with its price surging by over 800% at one point and its market cap reaching $14.5 billion. The following day, on January 19, Melania Trump, the new First Lady, introduced her own meme coin, Official Melania Meme (MELANIA). The token’s market capitalization peaked at $2.2 billion. Both meme coins were launched on the Solana blockchain. Amid the hype, SOL hit a new ATH. However, the blockchain and its protocols occasionally experienced technical issues due to the increased network load. Amid the hype, hundreds or even thousands of meme coins related to the Trump family were created, but none were official. Many of these tokens misled investors by transferring a significant portion of their supply to the address of CIC Digital LLC, a Trump-affiliated entity owning 80% of TRUMP’s total supply. The Trump family had to publicly deny any connection to these tokens. Nevertheless, some traders suffered significant losses. For instance, an anonymous trader reportedly lost around $1 million investing in a meme coin named BARRON, falsely linked to the President’s son Barron Trump, according to Lookonchain analysts. Max Krupyshev, CEO of CryptoProcessing by CoinsPaid , described TRUMP as fundraising on steroids that attracts the crypto community, generates hype, and raises funds for PR campaigns. “Even if TRUMP never finds a real use case, it’ll remain a significant token simply because it’s a Trump project. The fact that one of the world’s most influential figures is launching his own token sets a precedent for the entire industry,” Krupyshev said. He added that meme coins are purely speculative instruments, akin to playing roulette.
Will Litecoin Go Up? LTC Price Prediction for 2025 Threatened by Double Top Pattern
From financemagnates by Damian Chmiel Will Litecoin price go up? Check the newest LTC price prediction After a 40% increase in 2024, Litecoin ( LTC ) remains overshadowed by Bitcoin (BTC). While Bitcoin is testing new all-time highs (ATH) this week, Litecoin seems largely unaffected. Moreover, technical analysis indicates that Litecoin's price could potentially drop by as much as 50% from its current levels, revisiting the lows from August 2024. Will Litecoin go up? Or is it headed for a steeper decline, possibly returning to the $50 range? Let's delve into the factors influencing its trajectory. Will Litecoin Ever Go Up? LTC Price In Consolidation As of January 21, 2025, Litecoin is trading at approximately $117, reflecting a 5.03% decrease from the previous day. At the end of last week, the price of the second-oldest cryptocurrency was testing levels above $140, aligning with the local highs from December 2024. Together, these levels form a double-top pattern, which will be discussed further in this analysis. Litecoin price. Source: CoinMarketCap.com Litecoin's recent price movements have been influenced by speculation regarding the potential approval of a Litecoin exchange-traded fund (ETF). Reports suggest that Nasdaq has filed an application to list a Litecoin ETF , which, if approved, could attract institutional investors and significantly impact LTC's price and adoption. On-chain metrics also indicate a bullish outlook for Litecoin. Notably, 72% of LTC addresses are currently in profit, suggesting widespread gains for holders. This profitability often correlates with sustained bullish sentiment, as market participants are less likely to sell at a loss. Interestingly, the latest all-time high (ATH) for Bitcoin , triggered by the emergence of Donald Trump's new token and his inauguration as president, did not spark significant market enthusiasm for Litecoin. Let’s examine why. Why Litecoin Is Not Going Up? Technical Analysis of LTC Price Technical analysis may not bring encouraging news for Litecoin enthusiasts. My recent review indicates that Litecoin's daily chart shows a double-top formation, a pattern that often signals a trend reversal. The double-top was formed around the $140 mark in December and was retested in mid-January, encountering strong selling pressure both times. Currently, Litecoin is expected to decline toward the lower boundary of the two-month consolidation range. This boundary aligns with the psychological $100 level and local lows near $97. If this range is breached, it would confirm the bearish formation, with its target coinciding almost perfectly with the August lows around $55. This "coincidence" is certainly intriguing for proponents of market geometry theories. Double top pattern on the Litecoin price chart. Source: Tradingview.com Breaking below the $100 level, the lower limit of the consolidation, may not be straightforward. This level is reinforced by the 50% Fibonacci retracement measured from the upward trend between August and December 2024, during which Litecoin's price surged by 200%. If my bearish scenario materializes, Litecoin could decline by more than 50% from its current price, testing its lowest levels in over six months. Litecoin Price Predictions 2025 Litecoin was once dubbed the "silver of the cryptocurrency market" and intended to be a direct competitor to Bitcoin. Over the years, however, with increasing competition, its role in the cryptocurrency market has diminished, along with its position among the largest tokens. Currently, with a market capitalization of $8.8 billion and a daily trading volume of $1.2 billion, Litecoin ranks as the 20th largest cryptocurrency according to CoinMarketCap. Although many investors have shifted their focus elsewhere, Litecoin remains a noteworthy player. Analysts have provided various forecasts for Litecoin's price in the coming years: 2025: Predictions suggest that Litecoin could exceed the $150 mark, with some estimates reaching up to $200. 2030: Long-term forecasts are more optimistic, with potential prices surpassing $700, and some estimates reaching up to $1,200. While Litecoin has demonstrated significant growth and shows potential for further appreciation, the cryptocurrency market remains volatile. Factors such as ETF approval, miner activity, and broader market trends will continue to influence LTC's price trajectory. Investors should conduct thorough research and consider market dynamics before making investment decisions. Litecoin Price, FAQ How high will Litecoin be in 5 years? Based on multiple analyst forecasts, Litecoin is expected to trade between $320.88 and $809.33 by 2030. Conservative estimates suggest a minimum price of $199.56, while more optimistic predictions point to potential highs around $707.39 on average. The most realistic target appears to be in the $400-500 range, with a peak forecast of $410.55. Will Litecoin reach $10,000? Reaching $10,000 is considered impossible by market analysts and technical forecasts3. Even the most optimistic long-term predictions for 2030-2031 stay well below $2,000, with the highest forecasts ranging between $1,200 and $1,500. Is Litecoin going up in value? Current technical analysis indicates an upward trajectory, with predictions showing steady growth potential. The cryptocurrency is expected to reach $151.47 by February 17, 2025. A critical threshold exists at the $132.78 Fibonacci retracement level, which could trigger further upward momentum if broken. Will Litecoin ever reach all time high? Most analysts' predictions suggest Litecoin will gradually appreciate but remain below its previous all-time high in the near term. By 2030, several forecasts indicate potential prices between $320.88 and $809.33, which could approach historical peaks. However, this growth is expected to be more gradual and sustainable compared to previous bull runs.
Bitcoin enters second price discovery uptrend
As the crypto-friendly administration of Donald Trump takes office, Bitcoin (CRYPTO:BTC) has reached a new all-time high (ATH) of $109,000, sparking optimism among investors. This surge comes as Bitcoin surpassed the $100,000 mark for the first time in over ten days, driven by bullish expectations surrounding January 20. The launch of Trump's official TRUMP (CRYPTO:TRUMP) memecoin also contributed to market activity, with the token seeing a significant rise to a $75 ATH and a market cap of $15 billion, despite facing criticism from the crypto community. Bitcoin established a support zone at the key $102,000 resistance level, climbing to a one-month high of $106,000 before experiencing a brief 6% correction following the introduction of another memecoin by the incoming First Lady. Despite this volatility, analysts are optimistic about Bitcoin's trajectory. Daan Crypto Trades noted that BTC had a strong start to the week and indicated potential for further gains. Crypto analyst Altcoin Sherpa suggested that Bitcoin's price could experience short-term fluctuations based on Trump's inauguration speech. “If a Strategic Bitcoin Reserve is announced, I think BTC puts in a god candle, and everything sends,” he stated. Rekt Capital pointed out that Bitcoin appears to be entering a new price discovery phase. He explained that historical patterns indicate this phase follows a post-halving parabolic upside period. According to Rekt Capital, “Bitcoin is now trying to breakout from its $101k-$106k range,” and a daily close above this resistance would confirm the breakout and lead to further price discovery. Analyst Crypto Jelle highlighted BTC’s multi-year cup and handle pattern, suggesting that Bitcoin is poised for significant upward movement. He projected a long-term target of $140,000. At the time of reporting, the Bitcoin (BTC) price was $102,275.
Bitcoin Price Retreats After Fresh ATH: A Pause Before the Next Surge?
Bitcoin price started a short-term downside correction after setting a new all-time high. BTC is consolidating above $101,000 and might aim for a fresh increase. Bitcoin started a downside correction from the $109,000 zone. The price is trading below $104,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $104,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $100,000 support zone. Bitcoin Price Sets New ATH Bitcoin price started a decent upward move above the $102,000 zone. BTC was able to climb above the $104,500 and $103,800 levels. The bulls even pushed the price above the $107,000 level. The price traded to a new all-time high at $109,112 and recently there was a downside correction. There was a drop below the $104,500 and $103,500 levels. The price even dipped below $102,000. A low was formed at $100,114 and the price is now rising. There was a move toward the 23.6% Fib retracement level of the recent decline from the $109,112 swing high to the $100,114 low. Bitcoin price is now trading below $104,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $104,000 level. Besides, there is a connecting bearish trend line forming with resistance at $104,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $104,500 level or the 50% Fib retracement level of the recent decline from the $109,112 swing high to the $100,114 low. Source: BTCUSD on TradingView.com A clear move above the $104,500 resistance might send the price higher. The next key resistance could be $106,500. A close above the $106,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $109,500 level. More Losses In BTC? If Bitcoin fails to rise above the $104,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $100,500 level. The first major support is near the $100,000 level. The next support is now near the $98,800 zone. Any more losses might send the price toward the $96,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $100,500, followed by $100,000. Major Resistance Levels – $104,000 and $105,500.
Seeking Liquidity
Executive Summary: Capital flows into Bitcoin remain positive, although they have declined in magnitude since first reaching $100k. This highlights a period of declining sell-side pressure as the market approaches a near-term equilibrium. Sell-side pressure from long-term investors has also declined, alongside volumes deposited to exchanges for sale. Several measures of volatility are tightening up, with the market trading within a historically narrow 60-day price range, often a sign that the market is almost ready to move again. 💡 View all charts in this edition in The Week On-chain Dashboard. Capital Flows Approaching Equilibrium As the price hit the $100k level, net capital inflows into Bitcoin surged, signifying investors were locking in substantial profits. These capital inflows have since started to decline in magnitude as the market consolidates and acclimatises to the new price range. This slowdown in profit-taking represents a net reduction in sell-side forces, thus requiring less fresh capital to maintain prices within the trading range. The Realized Cap is currently trading at an ATH value of $832B, and is growing at a rate of $38.6B/month. Live Chart The Net Realized Profit/Loss metric is the first derivative of the Realized Cap, allowing us to discretely observe the magnitude of net capital flows occurring on-chain, denominated in USD. As the market digests the profit-taking distribution pressure, the balance of realized profit and loss volumes gradually trends back towards the neutral position. This suggests that a reset of supply and demand forces is taking place, and that the majority of coins transacting at the moment are not locking in a large value delta relative to the price the coins were first acquired. Profit taking volumes reached a peak of +$4.5B in December 2024, and have now declined to a value of +$316.7M (-93%). Live Chart The absolute magnitude of Realized Profit and Realized Loss (Entity-Adjusted) are another set of tools which helps us gauge the direction and sentiment of capital flowing in and out of Bitcoin. When we sum realized profit and loss together, we can see this combined metric has experienced a sharp decline from its ATH of $4B, down to a value of $1.4B. Despite this -65% decline, the current value remains elevated from a historical standpoint, highlighting the scale of day-to-day demand absorbing this capital during bull market conditions. Live Chart Supply Side Slows We have established that there is a noteworthy decline in overall sell-side pressure. We can confirm this view using metrics like Coinday Destruction, and exchange inflow volumes to further investigate these dynamics. The first tool we can employ to better profile investor distribution pressure is the Binary CDD metric. This metric tracks the expenditure of ‘holding time’ across the market, tracking when holders of old supply are transacting increasingly large volumes. We saw a sustained period of heavy coinday destruction in late 2024, and early January. Over recent weeks, this metric has started cooling off, as relatively light coinday destruction took over. This suggests that a significant number of investors who had planned to take profits have likely done so within the current price range. Generally speaking, this indicates that the market may need to go ‘somewhere else’ in order to entice and unlock the next wave of supply. Live Chart The Long-Term Holder (LTH) Binary Spending Indicator is another metric we can use to evaluate the duration of sustained sell-side pressure. This tool focuses specifically on long-term investors. Aligned with the heavy profit-taking volumes from before, we can see a significant decline in the total LTH Supply as the market reached $100k in December. The rate of LTH Supply decline has since stalled out, suggesting a softening of this distribution pressure in recent weeks. Currently, the total LTH supply is starting showing signs of growth back to the upside, suggesting that accumulation and HODLing behaviour is now larger than distribution pressure for this cohort. Live Chart Centralized exchanges remain the primary venue for speculation and trade, and process billions of dollars in flows on any given day. Exchange inflows have markedly declined from a peak of $6.1B to $2.8B (-54%), which underscores a considerable reduction in recent speculative activity. Notably, LTH inflow volumes to exchanges have declined from $526.9M in December, to a current value of just $92.3M, a -83% decline in deposit volumes. This further supports the thesis that long-term investors may have completed a large tranche of their profit-taking within this price range. Live Chart In order to further profile the supply and demand balance, we can compare the rate of various cohorts balance change, normalized by to the volume of BTC mined. This provides a relative measure compared to new issuance which was theoretically absorbed by each cohort. Focusing on the Shrimp-Crab cohort (holding <10 BTC) as a proxy for retail and individual investors, we note that this cohort has absorbed around +25.6k BTC over the last month. This compares to monthly issuance of around +13.6k BTC minted by miners. As a result, these retail and individual holders have effectively absorbed 1.9x the volume of new supply coming to market via primary production. Live Chart Coiling Volatility A strong degree of confluence can be noted between both on-chain models, and the historically narrow 60-day price range, allowing investors to preempt regimes of heightened volatility. By measuring the percent range between the highest and lowest price ticks over the last 60 days, we can see the compression or market volatility over time. The chart below highlights periods which have a tighter 60 day price ranges than the current trading range. All of these instances have occurred prior to a significant burst of volatility, with the majority being in early bull markets, or prior to late stage capitulations in bear cycles. Live Chart Sustained sideways price action within a narrow range allows for a large proportion of the circulating supply to redistribute and concentrate at a relatively higher cost basis. The Realized Supply Density metric quantifies the supply concentration around the current spot price within a ±15% price move. When supply is highly concentrated around the spot price, small movements in price can significantly affect investor profitability, which in turn can amplify market volatility. After the Bitcoin price peaked in December, it started to consolidate, creating a dense concentration of supply with a cost basis close to the spot price. Currently, 20% of the supply resides within a ±15% of the spot price. Live Chart The Sell-Side Risk Ratio describes this phenomenon from a different perspective. This metric assesses the total volume of both realized profit and loss locked in by investors relative to the asset size (measured via the Realized Cap). We can consider this metric under the following framework: High values indicate that investors spend coins at a significant profit or loss relative to their cost basis. This condition indicates that the market likely needs to re-find equilibrium and usually follows a high volatility price move. Low values indicate that most coins are being spent relatively close to their break-even cost basis, suggesting a degree of equilibrium has been reached. This condition often signifies an exhaustion of ‘profit and loss’ within the current price range and usually describes a low volatility environment. There has been a significant contraction in Short-Term Holder spending activity in recent weeks, leading the Sell-side risk to decline very sharply. This often signals that all of the profit and loss taking events which investors planned for, have now been executed. It tends to signal that the market is near a local equilibrium, and is a precursor to the next wave of volatility. Live Chart Summary and Conclusion Bitcoin has experienced intense intraday whipsaws in price, surging to a new ATH of $109k before crashing and subsequently stabilizing above $100k. This heightened degree of market indecision is compounded by the challenging and uncertain macro backdrop heading into, and across the US Presidential inauguration. In this article, we evaluated and analyzed the conditions preceding the explosive yet wavering price action. We present a framework to identify signposts for impending volatility by utilizing the confluence of diminishing on-chain volume and capital flows, alongside a tightening price range. Disclaimer: This report does not provide any investment advice. All data is provided for information and educational purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions. Exchange balances presented are derived from Glassnode’s comprehensive database of address labels, which are amassed through both officially published exchange information and proprietary clustering algorithms. While we strive to ensure the utmost accuracy in representing exchange balances, it is important to note that these figures might not always encapsulate the entirety of an exchange’s reserves, particularly when exchanges refrain from disclosing their official addresses. We urge users to exercise caution and discretion when utilizing these metrics. Glassnode shall not be held responsible for any discrepancies or potential inaccuracies. Please read our Transparency Notice when using exchange data . Join our Telegram channel. For on-chain metrics, dashboards, and alerts, visit Glassnode Studio .
TRUMP Recovers After MELANIA Launch, Bitcoin Hits ATH
The price of Official Donal Trump (TRUMP) memecoin draws billions back on early Monday, as Bitcoin hits its all-time high price hours ahead of the inauguration of the 47th US president. TRUMP Bounces Back After MELANIA Drop Official Donald Trump’s memecoin, TRUMP, made another 65% jump early Monday, rising back to $63.50 after a steep 48.5% correction to a low of $38.39 on Sunday night. Sponsored The Solana-based presidential token, launched on Friday, January 18, made history by amassing billions in market capitalization within hours over the weekend. TRUMP, which entered the market at $10, surged in value, reaching an all-time high of $75.35 the following day and generating a nearly $15 billion market cap after major exchanges listed the coin. TRUMP memecoin recovers after steep correction caused by MELANIA memecoin launch. Source: CMC The TRUMP token dropped sharply on Sunday after the soon-to-be First Lady launched her own memecoin, Official Melania Meme (MELANIA), on January 19, causing a liquidity drain from TRUMP and many other altcoins. Bitcoin Reaches All-Time High Bitcoin spiked suddenly by 9.48%, reaching a new all-time high of $109,114 Monday morning, as Donald Trump’s inauguration approaches later today and expectations grow that he could establish a US Bitcoin reserve. Bitcoin spikes hours ahead of Donald Trump’s inauguration on January 20. Source: TradingView Samson Mow, a Bitcoin developer, posted on X , referring to the spike as a ‘God Candle.’ This term describes an unusually large and sudden price movement in a single candlestick, often signaling a strong trend reversal or continuation. Why This Matters The crypto market is pinning high hopes on Donald Trump’s inauguration, with expectations that the incoming US president will sign legislation granting more freedom to crypto industry players in the US, which could trigger a massive bull run in the near future. Check out trending DailyCoin’s articles: Polkadot (DOT) vs Chainlink (LINK): On-Chain vs Off-Chain CAM Token Takes Flight: Camino Network Launches on Major Exchanges
Top Bitcoin Advocate Samson Mow Spots 'God Candle' as BTC Price Hits ATH
The broader digital currency ecosystem is still reeling from the latest price action of Bitcoin (BTC) and some of the altcoins in the top 10. Reacting to recent events, BTC advocate Samson Mow has spotlighted the "God Candle" on the Bitcoin chart. He accompanied the post on X with an "Omega" icon, with watchful eyes on the trend. Bitcoin Omega Candle: More to come In the past few weeks, when the price of Bitcoin traded in a consolidation channel below $98,000 before breaking out, Mow has always maintained his stance that the coin was undervalued. As reported earlier by U.Today, the Bitcoin price has now broken out, hitting a new all-time high (ATH) of $109,114.88. God Candle ✅ ♎️👀 — Samson Mow (@Excellion) January 20, 2025 The Bitcoin price jumped to that ATH from a low of $99,471.36 in 24 hours amid a 5% rally. Drawing on Samson Mow’s past thesis, this is just the tip of the iceberg for the flagship digital currency. His earlier forecasts tip the cryptocurrency to jump as high as $500,000 in the short term by up to $1 million in the long run. His convictions about Bitcoin have triggered his ongoing campaign to onboard nation-states into the Bitcoin ecosystem. BTC-Ripple effect on altcoins As the broader digital currency ecosystem placed its focus on Bitcoin, many altcoins also outperformed in the past week. Top on this list is XRP, whose price breached a seven-year high when it soared to a new high of $3.38. Solana (SOL) also outperformed the general market as a new wave of meme coins stormed its ecosystem over the weekend. The hype around these new token launches has pushed the coin's price to a new ATH of $294.33. The industry is advancing its bull cycle at a remarkable pace. While not all coins have reclaimed their ATHs, the dividends of the Bitcoin rally are largely being felt across the board.
Solana (SOL) Becomes Best Performing Altcoin in Top 50, but There's Catch
Solana (SOL), the "Ethereum killer," has flipped all other altcoins to emerge as the best-performing altcoin in the top 50 coins listed on CoinMarketCap. Its rebound journey, which commenced about seven days ago, has finally yielded positive results for its ecosystem. Solana's impressive surge As data from CoinMarketCap reveal, Solana surpassed every other asset, soaring by over 11% in the last 24 hours. A rise that saw the coin breaching several resistance levels in a move that caught many market participants unaware. SOL is changing hands at $239.77 after it reached a high of $243.87 in early trading. Within seven days, Solana recorded a notable surge from $175.18 to its current price level. SOL 1D Price Chart. Source: CoinMarketCap This places SOL less than 10% away from flipping its all-time high (ATH) of $263.83, which it attained about two months ago on Nov. 22, 2024. However, Analysts predict that SOL’s bullish rise could reverse unless the current uptrend continues. If this happens, the coin might experience a crash that could cancel all the gains made within the last seven days. The leading digital currency, Bitcoin (BTC), has started experiencing price fluctuations in the broader crypto space. BTC had earlier risen to $105,884.23 but could not sustain the tempo and has now slipped to $103,283.13. Factors supporting Solana's stability Market watchers believe the Solana ecosystem could support the coin to retain its value. As of this writing, investors’ interest, marked by the trading volume, has soared by 104.08% to $13.18 billion. If sustained, they believe such confidence in the asset could help drive the price to higher levels. Additionally, market participants must avoid causing panic with large SOL sell-offs as that could upset price stability. Meanwhile, if Solana developers make good on their promise to resolve scalability issues, the congestion menace could become a thing of the past. This might help increase adoption and meet the growing needs of the rapidly expanding network.
XRP in Reset Mode, Open Interest Data Teases What's Next
XRP, in the last seven days, has progressed on a bullish trajectory in a move many anticipated would see it flip its all-time high (ATH). XRP stands just 17.74% away from surpassing its ATH of $3.84 set in January 2018. XRP Open Interest surge fuels optimism The asset, which rose to a high of $3.31 in the early trading session, has experienced correction and dipped slightly. Analysts consider this dip to $3.17 as XRP entering a reset mode that could see it rebound to set a new ATH. Per the projections, the XRP Open Interest data signals this rebound is imminent. According to CoinGlass data , XRP Futures Open Interest has recorded remarkable figures despite the price dip. Within 24 hours, 2.34 billion XRP has been committed to futures trading. In dollar terms, this Open Interest volume is worth $7.41 billion. Notably, Bitget, Bybit, Gate.io and Binance are the exchanges where traders placed the most open interest commitment. Traders on these crypto exchanges are betting on XRP to post another rally soon. Bitget leads with $1.91 billion or 25.77% of the total volume, followed by Bybit, which has $1.54 billion or 20.83%. Gate.io and Binance registered $1.53 billion and $1.46 billion, or 20.69% and 19.65%, respectively. Cumulatively, the four exchanges account for 86.94% of the overall volume. Broader market dynamics and regulatory change Experts consider this surge in Open Interest figures to signal the rising confidence among market participants trading on XRP. Several broader market dynamics could have triggered soaring interest in XRP. XRP’s recent performance has seen it climb in an epic breakout , outshining Bitcoin and Ethereum. The bullish run of XRP has sparked discussions among some stakeholders that XRP has entered a price discovery mode. This is because the price of XRP surpassed $3 after about seven years running. Market watchers are keenly observing how XRP will perform in the coming days after the inauguration of a new President in the U.S. on Jan. 20, particularly with a new Securities and Exchange Commission Chair Paul Atkins set to take over.
What Price Level Is Expected This Year Following the New ATH in Solana? Experienced Analyst Reveals
Today we witnessed Solana make a really serious attack and break the all-time high price record. With the rise, the all-time high price record for SOL has now been updated to $270.67. With the decline after the record, the SOL price is trading at $255 at the time of writing this article. We shared the reason for the rise with you today as Bitcoinsistemi.com. The new President of the USA, Donald Trump, launched a memecoin and chose Solana as the blockchain network. Related News BREAKING: Solana (SOL) Breaks All-Time Price Record - What's Driving the Rally? However, the cryptocurrency market is still debating how high SOL can go. Andrew Kang, an analyst with numerous past reviews on the subject, shared the price level that SOL could reach in this cycle. Kang claims that with Donald Trump’s latest move, there could be a potential US Strategic Reserve initiative for Solana. Kang suggested that the price of SOL could rise to $500 this year. At the time of writing, Solana is trading at $254. If it were to rise to $500, Solana would have a market cap of approximately $250 billion. *This is not investment advice. Advertisements
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