Get started

Cryptomarket

Spot Bitcoin ETFs in the US Acquired Nearly 4x the Amount Mined Market Update - January 10, 2025 Takeaways Spot bitcoin ETFs in the US acquired 51,500 bitcoin in December, nearly quadruple the 13,850 BTC mined: Spot bitcoin ETF-driven demand could create a supply shock that would drive prices higher in the coming months. But the price of bitcoin pulled back below $93,000 this week after reports the US government might sell $6.5 billion worth of bitcoin seized from Silk Road. Backpack Exchange has reportedly acquired FTX EU after regulatory approval: The exchange, founded by ex-FTX and Alameda staff, would be the managing entity for FTX EU bankruptcy claims. But the FTX bankruptcy estate released a statement claiming Backpack has no control over redistributing the funds, adding that the press release announcing the sale went out without approval. Terraform Labs founder Do Kwon has pleaded not guilty to fraud charges in US court following extradition: Prosecutors allege he misled investors about terraUSD's stability. Kwon's case is expected to go trial in January 2026. Metaplanet is aiming to quintuple its bitcoin holdings to 10,000 BTC by leveraging capital markets: The Tokyo-listed firm already holds 1,761.98 bitcoin, currently worth close to $180 million. The move continues a recent trend of corporate and investment entities stockpiling bitcoin as a reserve asset. Spot Bitcoin ETFs Accumulate nearly four times December’s Mined BTC Amid Supply Squeeze Spot bitcoin ETFs in the US acquired 51,500 bitcoin in December 2024, dwarfing the 13,850 produced by miners during the same period. This ETF-driven demand reportedly represented 272% of the monthly supply. Bitcoin's price peaked at an all-time high of $108,135 on December 17, driven by surging spot market activity. A January 6 report also highlighted bitcoin exchange balances hitting record lows, with researchers predicting a potentially imminent supply shock. On Friday last week, spot bitcoin ETFs added over $900 million in inflows. But the price of bitcoin has subsequently pulled back this week, dropping below $93,000 on Thursday as the market weighed the veracity of a report that the US government was poised to sell some $6.5 billion in bitcoin originally seized from Silk Road. In mining, MARA Holdings led December’s production with 9,457 bitcoin. Riot produced 516 bitcoin and Cleanspark came in third with 668 bitcoin mined. Other contributors included Bitfarms (211 BTC) and Terawulf (158 BTC). With total US bitcoin ETF holdings now nearing $110 billion, some analysts have projected bitcoin to see more significant gains throughout the year. Dogecoin (DOGE): The Birth of the Original Memecoin Dogecoin (DOGE) started out as a parody of cryptocurrencies and, in particular, the proliferation of altcoins. Its founders have publicly stated that DOGE was a joke, and the currency hasn’t received a significant technical update since 2015. Despite these facts, market forces have kept the cryptocurrency alive. According to the founders, it was never about the value of DOGE, but rather about giving people an accessible introduction to the world of cryptocurrency through a face many already knew from an internet meme — Doge. The founders sought to overcome Bitcoin’s and other cryptocurrencies’ barriers to entry — for example, news of hacks and scams, as well as technological complexities. To that end, they created a fun and friendly cryptocurrency to welcome newcomers to the crypto space. Read more! Onward and Upward, Team Gemini
GEMINI:BTCUSD
by Gemini
SUI Holding Strong Above Key Levels: Bulls Target $6.00SUI/USDT is maintaining its bullish momentum, holding strong above the rising trendline and within the ascending channel. This indicates steady demand, with each retracement finding support near the trendline. The key support zone lies around $3.8-$3.9, providing a strong base for potential reversals if a pullback occurs. On the upside, breaking above the $5.50 resistance could signal further bullish continuation toward $6.00 or higher.
Long
by unichartz
Ray/UsdtBINANCE:RAYUSDT ### **Current Price (4.932):** The current price of Ray (RAY) is at 4.932. This is the present value or trading price for the asset. ### **Support Levels (4.600 / 4.2453):** Support levels represent price points where an asset historically tends to find buying interest, causing the price to bounce back up. When the price approaches a support level, traders often expect the price to either stabilize or increase. - **Support at 4.600**: If the price starts to fall towards 4.600, it's expected that buying interest may increase around this level, preventing the price from going lower. - **Support at 4.2453**: If the price drops below 4.600, the next major support level is 4.2453. If the price reaches this point, there may be even stronger buying pressure, causing the price to rise again or stabilize. ### **Resistance Levels (5.200 / 5.353 / 5.600):** Resistance levels are the opposite of support levels. These are price points where an asset faces selling pressure, causing the price to either stall or reverse direction. When the price approaches resistance levels, traders might anticipate a reversal or a slowdown in upward momentum. - **Resistance at 5.200**: If the price starts climbing toward 5.200, there might be increased selling pressure, which could prevent the price from going higher. Traders might sell or take profits around this level. - **Resistance at 5.353**: If the price breaks 5.200, the next resistance level is at 5.353, where the upward momentum might face another barrier. - **Resistance at 5.600**: If the price surpasses 5.353, the final resistance level mentioned is 5.600. If the price reaches this point, it could face significant selling pressure, making it harder for the price to climb further. ### **Price Movements & Strategy:** - If the price stays above support levels (such as 4.600 or 4.2453), it may suggest that the market sentiment is still positive, and the price could hold steady or even rise. - On the other hand, if the price breaks below these support levels, the price could continue to fall, and further downside might be expected. If the price is heading toward the resistance levels (such as 5.200, 5.353, or 5.600), traders will be watching to see if the price can break through these levels. If it does, the price might continue to rise; if not, it could reverse and head back down. ### **Not Financial Advice:** When you provide this kind of information, it’s important to clarify that it’s not financial advice. The market can be unpredictable, and it's important for individuals to do their own research (DYOR) before making any trading decisions.
Long
by Wolftrader1337
I'm bearish on ZcashBINANCE:ZECUSDT you can see that Zcash has created a bearish pattern. the double top is pretty visible on the chart and I expect a break out soon. so yeah the price shall decrease soon. The supports are shown on the chart. ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Short
by CRYPTONIC_trend
1
637% BTC Profit Secured Ride the Crypto Wave with Us !!!!🎉 Profit Alert! Our BTC Long Position has delivered exceptional returns, booking 637% profit (20x leverage) on a partial exit. If you've been following my insights and trade setups, you’re likely celebrating significant gains by now! 🪙💵 If you haven’t followed us yet, you’re literally missing out on life changing opportunities! i would say 😎 This is the power of disciplined trading and precise analysis. But we’re not done yet! The trade is still active with the remaining position, safeguarded by setting the Stop Loss (SL) at the Breakeven Price, ensuring risk free potential for further gains. This is what we do consistently identifying opportunities and executing strategies to maximize profits. If you’ve benefitted, it’s time to spread the word! Share our page with your network, boost this post, and help us grow this community of successful traders. Stay tuned for more high quality setups and actionable insights. The journey to financial success doesn’t end here it only gets better. 🚀 Here is where Traders Thrive Thank you for your continued trust and support! 💪
BINANCE:BTCUSD.PLong
by wolfchemist
1
PEPE or Bitcoin?Memecoins like PEPE are not just random internet jokes—they’re evolving into financial instruments that mirror Bitcoin’s price patterns. As Bitcoin climbs, so does PEPE, and when Bitcoin takes a dip, memecoins like PEPE follow suit. Just check the graph how similar they are. PEPE Follows Bitcoin: Why we see the Correlation? 1. Liquidity and Market Sentiment: Bitcoin dominates the crypto market, often serving as a barometer for investor sentiment. When BTC rises, it lifts the overall market, including memecoins like PEPE. Conversely, a Bitcoin slump sends ripples of fear through the crypto community, dragging PEPE down as well. 2. Institutional Impact: Institutions have begun to recognize Bitcoin as a legitimate asset, driving its adoption and price stability. While memecoins don’t enjoy the same institutional backing, they still benefit indirectly from Bitcoin’s market moves, as investors pour profits into high-risk, high-reward assets like PEPE during bull markets. 3. Speculation and Herd Mentality: The memecoin market thrives on speculation. When Bitcoin rallies, retail investors often seek “the next big thing,” leading them to memecoins. PEPE, with its meme-worthy branding and vibrant community, becomes an attractive option. So what will be your take? Is there a point to be in PEPE at the stage, when you see clear simulation pattern? Or you enjoy the volatility?
by themr-im
Bitcoin (BTC/USD) Technical Analysis: Key Levels and Potential SThe chart highlights critical support and resistance levels along with possible price scenarios for Bitcoin (BTC/USD) on the 4-hour timeframe. The combination of technical patterns and momentum indicators offers a roadmap for potential future movements. Key Levels: Resistance at $95,600: The $95,600 level serves as a key resistance point. A breakout above this level could signal a bullish continuation toward $100,740.93, aligning with the upper boundary of the channel. Support Zone at $91,400–$90,400: This area is a strong support zone, highlighted in blue, and represents a potential bounce point if the price continues to decline. Failure to hold this level could push Bitcoin further downward. Lower Support Levels: $82,265.90 and $76,125.14 are critical lower support levels if bearish momentum intensifies. Scenarios: Bullish Scenario: If Bitcoin rebounds from the $91,400–$90,400 support zone and breaks above $95,600, we could see a rally toward the $100,740.93 target. Bearish Scenario: A breakdown below the $91,400–$90,400 zone could lead to a decline toward $82,265.90 or even $76,125.14, driven by increased selling pressure. Indicator Insights: DT Oscillator: Currently in the oversold zone, suggesting a potential short-term bounce. However, confirmation is needed from price action and resistance levels. Conclusion: Bitcoin is at a pivotal point with significant support and resistance levels clearly defined. Traders should monitor price reactions closely around the $91,400–$90,400 zone and watch for a breakout or breakdown for directional cues. Feel free to share your thoughts in the comments, and don’t forget to follow me for more detailed analyses! ⚠ Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making trading decisions.
INDEX:BTCUSD
by Mohammad_Mirdehghan
Crypto Alpha Report - January 09, 2025Happy Thursday, friends! There is a lot of fear and panic in the air today. Is the U.S. Government poised to sell $69,000 Bitcoin? Let’s dive into the facts and decide what side of the market is the right side to be on. Last evening, information from Bitcoin Magazine began circulating that the Department of Justice had received court approval to sell approximately $6.5 billion worth of Bitcoin seized from the Silk Road. They received this approval on December 30th, and we are now hearing this. Furthermore, there are claims that this Bitcoin has already “been sold” via a credit line brokered by Coinbase. There is speculation that this is one of the chief sources of the volatility and selling pressure we’ve seen thus far. On the bear side, many are panicking, speculating that this much Bitcoin would obliterate order books and send Bitcoin plummeting to below $30,000 if dumped on the open market. We can safely rule out that scenario. The US Government has sold Bitcoin multiple times in the past: -2014: US Marshals auctioned Bitcoin seized from Silk Road. Tim Draper purchased 30,000 BTC at this time. -2018: USG sells 500 BTC to Riot Blockchain. -2021: USGSA auctioned off less than 1 BTC. -2023: USG auctioned off 9,861 BTC to the tune of $215M. -2024: Significant amounts of Bitcoin have been moved around in USG wallets in 2024, sparking rumors of potential sales. In April 2024, 30,000 BTC was moved, some going to Coinbase, but no official sales occurred. As you can see, although the USG has a history of selling Bitcoin, they have never sold them on the open market. They have always auctioned them off and almost always to individuals who desire to hold them. This fringe idea of 69,000 being market-sold is ludicrous. After some digging, I found the Bitcoin wallet in question. Despite rumors, the coins have NOT been moved to Coinbase. www.blockchain.com The timing of this event is also sparking a lot of debate online over whether or not it is a political move, with the inauguration of a “Bitcoin” president eleven days away. At the 2024 Bitcoin Conference in Nashville, Trump vowed to move for the US Government to keep all of its Bitcoin and not sell any. This sale was greenlit by a federal judge, as stated on December 30th, 2024, after a long and contentious legal battle over ownership rights with Battle Born Investments, with the DOJ citing Bitcoin’s volatility as the primary reason for the approval of the sale, wanting to liquidate assets before the value of the government’s holdings declined. The middle-of-the-road thinking around the Strategic Bitcoin Reserve is that Trump would keep all of the USG's current Bitcoin and allocate that to the “reserve.” Of course, the more bullish advocates are expecting the USG to begin spot-buying Bitcoin. Regardless, unless we see Trump roll entirely back on all of his crypto promises, he will likely move to undermine or reverse this sale. The current administration only has 11 days to finalize this sale, and for now, the Bitcoin remains in the Silk Road private wallet. Crypto Market Update Stablecoin Dominance This metric has increased by +3.25% today. At our current primary resistance level of 6%, this has been where we’ve seen buyers step back into the market and defend risk-on positions. However, on the bear side, momentum crosses into the positive zone after a long reversal pattern. Although my gut doesn’t quite believe it, a dispassionate analysis reveals a likely growth in this metric, implying further downside for crypto assets. Bitcoin + Stablecoin Dominance An increase in this metric of 0.42% largely driven by the rise in Stablecoin Dominance, as highlighted above. Currently, altcoins are holding up relatively well to Bitcoin’s decline in price. Similarly concerning for altcoins, however, is that momentum is now pushing into the positive zone without this metric being overly extended. Altcoin Price Performance Relative to Bitcoin A decline in this metric of -1.01%. Despite Bitcoin’s bearishness, altcoins hold their value relatively well compared to previous examples of Bitcoin price declines. Although we can see from yesterday’s Hammer Candle that buyers stepped in significantly, this metric continues to slide down today. Bitcoin Bitcoin’s price has declined below its January lows without triggering significant liquidations. Despite being heavily oversold, Bitcoin’s price has yet to reverse its downward trend, creating the possibility of more short-term downside before rising in anticipation of the US CPI print next Wednesday. Trends 5M: Bearish 30M: Bearish 1H: Bearish 4H: Bearish D: Bullish W: Bullish Bitcoin remains in an overall Bearish trend. Currently trading below VWAP, Bitcoin must break above $92,100 to deviate from the 5M trend. LTF Momentum Oscillators continue to show Bullish Divergence. This is a buying opportunity, but not for a leveraged swing trade. Don’t underestimate the swings FUD can have, and I would like to survive a wick to $88,000 if it occurs. Watch for Bitcoin to regain 30M momentum before longing. Key Levels Slightly different take today. Looking at the 4H Volume Profile, I can see voids in liquidity directly at December’s low at ~$90,250 and slightly lower at ~$88,600. As Bitcoin is trading in a wedge consolidation pattern, I think we don’t need to be significantly concerned with a large-scale breakdown in January. This remains my position, so in the short-term, in the bear case, I want to be prepared for Bitcoin’s price to re-test December’s lows and potentially wick lower to fill that liquidity void. Zooming out below that, to make the bear case, liquidity voids exist at ~$83,000 and ~$77,000, providing downside targets to my contrarian bears reading. Strategy It's a pretty classic trading setup here, guys. We’re at support. This is also a battleground zone, where having an edge is tough - unless you stick to the basics. It's a scary area to long, I know, but that’s the statistically best setup here. If structuring a long, I would ensure it can survive a wick to $88,000 as highlighted above, and my profit target would be ~$95-$97,000. If you’re more inclined to short here, I won’t criticize you; it’s your account. But make sure you have conviction and that your short can survive volatility. I’ll stick to the classic maneuver here.
BYBIT:BTCUSD.P
by CrackingCryptocurrency
BTC.D Breakdown the Next Altcoin Bull Run Closer Than You Think?Bitcoin dominance (BTC.D) is a crucial metric that reflects Bitcoin's market share relative to the overall cryptocurrency market. A rising dominance often signifies Bitcoin outperforming altcoins, while a declining dominance suggests increased strength in altcoins or a broader altcoin rally. The current chart provides critical insights into the state of Bitcoin dominance, the potential implications for market dynamics, and the timeline for future movements. Key Observations and Technical Insights 1. Breaking the Rising Wedge Pattern The weekly chart shows a classic rising wedge pattern that Bitcoin dominance has adhered to for an extended period. A breakdown from this pattern is a bearish signal, indicating a potential shift in dominance from Bitcoin to altcoins. The wedge breakdown was accompanied by significant bearish momentum, validated by a retest of the breakdown level. This technical development is a strong indication that BTC.D has entered a new phase of its trend. 2. Current Consolidation Zone Following the breakdown, BTC dominance has entered a consolidation phase within the highlighted rectangular box (approximately between 53.2% and 58%). The consolidation suggests market indecision as Bitcoin retains relative strength but altcoin activity starts to increase. Volume levels during this phase are moderate, reflecting a lack of aggressive participation, which is typical before a major directional move. 3.Key Levels to Watch Resistance: The upper boundary of the box (58%) aligns with prior rejection levels. A move above this could indicate a temporary resurgence of Bitcoin dominance, potentially due to increased Bitcoin-led market rallies. Support: The lower boundary of the box (53.2%) is a critical support zone. A sustained break below this level could confirm the next bearish leg. 4. Indicators Supporting the Bearish Bias Ichimoku Cloud: The dominance has started interacting with the cloud's lower boundary, which acts as dynamic resistance. A clean break below the cloud would further confirm bearish momentum. MACD Divergence: The MACD histogram is tilting bearish, signaling weakening upward momentum. A bearish crossover on the MACD line would solidify downside expectations. RSI: The RSI is trending near the midline, showing no extreme conditions. This gives room for further downside before entering oversold territory. Market Implications and Projections 1. Impact of a Breakdown Below the Box If BTC dominance decisively breaks below the 53.2% level, it will likely lead to a significant shift in market dynamics. A drop toward the marked lower levels (approximately 48%, 42.8%, and 39.9%) would indicate the onset of an altcoin season, characterized by robust performance in altcoins. Historically, such breakdowns in BTC.D have coincided with increased speculation and capital rotation into altcoins, signaling the start of a bull run across the cryptocurrency market. 2. Bull Run Timeline The estimated timeline for this critical move is Q1 2025, which aligns with broader market cycles and macroeconomic expectations. Institutional interest in crypto, combined with improved market sentiment, could amplify this trend. 3. Potential Scenarios Bullish Case for BTC.D: A reversal above 58% would require significant Bitcoin-led rallies, possibly fueled by macroeconomic uncertainty or a Bitcoin ETF approval. This scenario delays the altcoin season but strengthens Bitcoin as the primary investment vehicle. Bearish Case for BTC.D: A sustained decline below 53.2% would confirm altcoin strength and could trigger rapid capital rotation into alternative assets, particularly in high-liquidity altcoins and DeFi protocols. This chart provides a professional-grade analysis of Bitcoin dominance and its potential impact on market dynamics. The breakdown from the rising wedge, the ongoing consolidation, and the bearish indicators suggest that BTC.D is on the brink of a major directional move. Traders and investors should closely monitor the consolidation box boundaries and prepare for a shift in market structure as BTC dominance declines. The Q1 2025 timeline for the next leg down aligns with historical patterns and macroeconomic projections. A break below 53.2% will likely usher in a new phase of the crypto market, driven by altcoin strength and increased retail participation. Stay vigilant, as this period could mark the beginning of the next crypto bull run.
CRYPTOCAP:BTC.D
by wolfchemist
SOL's situationSOL has crafted an Inverse cup and handle pattern which is gonna Decrease the price. the break out has not happened yet! we can't be sure about the bearish movement yet cause no break out has happened! Support zones are shown on the chart. the strongest support zone is the ultimate comeback point for SOL if things go south. ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Short
by CRYPTONIC_trend
SOL/USDT Critical Support Zone in Play Is a Bounce Imminent?SOL/USDT Analysis Price is nearing a key support zone around $185 - $175, which has historically acted as a strong demand area. It is crucial to wait for the price to reach this support level and observe for bullish confirmation (e.g., a bullish candlestick pattern or reversal signals). If the price holds this level and bounces, we can expect a significant recovery toward the **$210 - $220** range. A break below $175 would invalidate this setup and could lead to further downside. Strategy 1. Wait for a clear bounce off the support zone before entering a long position. 2. Set initial targets at $210 and $220, with stop loss below $175 for risk management. Keep this chart on your watchlist and monitor price action near support!
Long
by wolfchemist
2
ADA/USDT A Bullish Bounce on the Horizon ?The chart shows Cardano (ADA) pulling back to retest the breakout zone, presenting a potential long opportunity if support holds. Key Observations 1. Retest of Pattern: ADA has broken out of a pattern and is now retesting the breakout zone, which aligns with a critical support area. 2. Support Zone ($0.90–$0.88): This is an important level where price is likely to bounce if buyers step in. 3. Bullish Confirmation Needed: Waiting for a bullish candlestick pattern at this level would confirm a potential reversal. 4. Target Levels: If the bounce occurs, the immediate target would be $1.00+, with further potential upside depending on market momentum. Strategic Implications Monitor the $0.90–$0.88 zone for bullish signals. Enter long positions upon confirmation of a bullish candlestick pattern. Stop-loss placement below $0.88 to manage risk effectively. ADA is at a crucial retest point. A strong bounce from support could provide a profitable long setup with targets above $1.00. Keep this pair on watch for confirmation.
Long
by wolfchemist
BTC/USDT Breakout Strategy & Long SetupThe chart presents a clear structure for BTC/USDT on the 4-hour timeframe. After a significant retracement from the recent highs, BTC has formed a descending channel, which it has now broken out of, signaling potential bullish momentum. Chart Observations Descending Channel Breakout BTC was trading in a well-defined descending channel, consolidating near a critical demand zone. The breakout above this channel suggests a potential reversal in trend. Key Support Zone The price has respected the support range between $94,800 and $95,400, which aligns with a high-volume area and serves as a strong buy zone. Buyers have consistently stepped in here to defend this level. Demand Zone Test A retest of this support zone has provided a new opportunity to accumulate long positions. The candlestick wicks and volume activity indicate significant buying pressure in this area. Ascending Channel Formation Post-breakout, BTC is trading within an ascending channel, which offers potential upside targets as the price moves towards the upper resistance trendline. Short-Term Pullback Completed The previous bearish movement was capped at the support zone, with the "short position" trade closed as the price reversed into bullish territory. This reversal strengthens the case for a long position targeting higher levels. Volume and Momentum Increasing volume near the breakout and demand zone suggests that buyers are regaining control. Momentum indicators (not shown here) likely confirm this bullish bias. Key Insights for the Trade Idea Buy Zone The optimal entry for this trade is between $94,800 and $95,400, coinciding with the retest of the support zone and the lower trendline of the ascending channel. Stop Loss: A tight stop loss at $92,574 protects against downside risk while allowing room for natural price fluctuation. Targets: Gradual profit-taking is recommended at the following resistance levels, derived from Fibonacci extensions and key price levels. Targets 🎯: $96,333 – Immediate resistance and the first key level of profit-taking. $97,285 – Mid-range resistance within the ascending channel. $98,230 – Upper mid-point of the bullish channel. $99,212 – Close to psychological resistance and ascending channel boundary. $100,211 – Psychological round number and major resistance zone. Stop Loss $92,574: Positioned below the critical support zone to avoid invalidating the bullish setup. This setup presents a high-risk-to-reward opportunity with clear entry, exit, and risk management strategies. Adjust position size according to your trading plan and always adhere to risk management principles.
Long
by wolfchemist
1
Bitcoin Daily ReviewSeven 8H bear candles in a row... approximately 1 billion liquidations in longs alone within past two days. BTC finally dipped below 2024 close ✅ I still believe that BTC should bounce back to +/- 98k. At least while market moves sideway (for the past 2 months) its justified to expect price to stay within the range (until it is broken). Previous consolidation stage took more than 8 months, so I hope this time it won't be that extended. If that consolidation range will get broken, correction target is pointed by multiple factors: CME gap + 2024 VAH + developing Week 20sma - it all comes to +/- 80k Nearest liquidity pools: above - 93850 / 95750 / 96710 / 97350 below - 92540 / 92025 / 91065 / 89590 Lines on the chart: 🔸99660 - November high 🔸98340 - week close 🔸97843 - Q4 VAH 🔸96475 - November close 🔸93549 - 2024 close 🔸91510 - week low 🔸90200 - December low Trend: D ➡️ W 🔼 M 🔼 🤑 F&G: 69 < 70 < 78 < 76 < 72
by WiseAnalyze