The cryptocurrency market has seen a whirlwind of activity over the past 24 hours, with over $200 million in liquidations leaving traders reeling. This massive shake-up highlights the volatility that continues to dominate the crypto space.

High Liquidation Volume Reflects Market Turbulence
In the last day, $203.15 million in liquidations occurred across major exchanges, showcasing just how unpredictable the market has been. Notably, 75,577 traders were caught off guard, leading to widespread losses.
The trend over the past 1-hour, 4-hour, 12-hour, and 24-hour timeframes shows increasing liquidations, indicating a sustained period of market instability.
Shorts Hit the Hardest
Short positions bore the brunt of the liquidations, particularly in the longer timeframes like 12 and 24 hours. This suggests a sudden and significant price surge that caught many bearish traders off guard. The largest single liquidation occurred on Binance-$ETH , valued at $3.06 million, underscoring the risks of leveraged trading in volatile markets.
Price Fluctuations and Market Sentiment
Price charts reveal sharp fluctuations, with an upward trend likely driving the liquidation of short positions. This could point to a growing bullish sentiment among traders, though the overall market remains highly unpredictable.

What’s Fueling the Volatility?
Several factors may be contributing to this wave of liquidations:
Market Sentiment Shift: Increasing bullish bets in the short term.External Triggers: Regulatory news, macroeconomic factors, or unexpected announcements.Historical Trends: Comparing current liquidation levels with historical data suggests this isn’t the first time the market has seen such turbulence.
Key Takeaways for Traders
1. Manage Risk: With such high volatility, leveraging positions can be extremely risky.
2. Watch the Data: Monitoring liquidation trends can provide insight into potential market movements.
3. Stay Informed: External factors, including global news and regulatory developments, could influence upcoming trends, or more easy, you can follow me.

The crypto market’s unpredictability continues to remind traders of the importance of risk management and staying prepared for sudden market shifts. Whether the current trend leads to a sustained rally or another downturn remains to be seen.
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Wanna know what went down in crypto today? Check out the latest scoop on trends and events that are shaking up Bitcoin prices, blockchain, DeFi, NFTs, Web3, and crypto rules.
Do Kwon Faces US Justice, Pleads Not Guilty

Terraform Labs co-founder Do Kwon is back in the spotlight. On Jan. 2, he stood before a New York court, pleading not guilty to nine charges tied to the Terra ecosystem’s collapse—think securities fraud, wire fraud, and more.
Kwon’s arrest saga started in Montenegro in 2023 for using fake documents. After months of legal back-and-forth, Montenegro finally handed him over to the U.S. in late December. The next court date? Jan. 8, where evidence-sharing will take center stage.
Binance Locks Down a Big Win in Brazil

In a major move, Binance snagged its 21st regulatory license, this time from Brazil’s central bank. This makes Binance the first crypto exchange in Brazil to get broker-dealer status.
The approval lets Binance acquire São Paulo’s Sim;paul platform, setting them up as a key player in Brazil’s booming crypto scene. And they’re not stopping there—this comes on the heels of regulatory wins in Argentina, India, and beyond.
$66 Bet Turns Into $3M Meme Coin Windfall

Sometimes, crypto feels like hitting the lottery. A trader who dropped $66 on the KEKIUS meme coin in mid-December is now sitting on $3 million.
The coin, inspired by Elon Musk’s short-lived nickname “Kekius Maximus” on X, surged after Musk’s tweet. The trader cashed out some profits but still holds a stack as the coin’s market cap exploded to $380 million by New Year’s Day.
KEKIUS, a mashup of $PEPE the Frog and Gladiator, shows just how crazy the meme coin market can get when the right hype comes along.
From courtrooms to million-dollar bets, the crypto world is already making waves in 2025. Let’s see what’s next.
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#Binance250Million #News #Signal

BlackRock's $BTC (IBIT) faced its largest single-day outflow since launch, with $332.6M withdrawn on Jan. 2, following the New Year's holiday. This marks the third consecutive trading day of outflows, totaling $392.6M over the past week.

Despite this, IBIT ranked third in 2024 net ETF inflows with $37.2B, trailing only Vanguard and iShares Core S&P 500 funds. $BTC pioneer Adam Back speculated that Bitcoin ETFs might take the top spot in 2025 with higher prices and inflows.
Meanwhile, competitors like Bitwise, Fidelity, and Ark 21Shares saw inflows of $48.3M, $36.2M, and $16.5M, respectively, partially offsetting BlackRock's losses. The total outflows for Jan. 2 stood at $242M, highlighting a turbulent day for Bitcoin investment products.
Predictions for 2025 include the launch of spot BTC-ETH ETFs, staking for Ether funds, and potentially a spot $SOL ETF. The crypto ETF market remains dynamic as investors weigh opportunities and risks.

#USStateBuysBTC #Blacrock #News

A leaked code from Elon Musk’s X platform has sparked rumors that “X Money,” the platform's long-awaited payments system, could launch at any moment. The latest buzz is fueled by a line in the code that hints at “X Money” being unavailable in certain states, raising questions about the timing and scope of its rollout.

X has already secured money transmitting licenses across 39 states, allowing them to offer X Payments LLC in those regions. Despite this, speculation has arisen that X could launch its payments service in the U.S. without full approval from all 50 states.
The leaked code suggests that users in certain states might see a message stating, “X Money is not available in your state,” which has led to further speculation that the launch could bypass some regulatory hurdles. X CEO Linda Yaccarino recently confirmed the plans to launch X Money in 2025, but the specific details remain unclear.
What Will X Money Do? X Money is expected to allow users to tip content creators, similar to other online platforms. Given Elon Musk's previous openness to Bitcoin and Dogecoin, many are wondering if cryptocurrency will play a role in X’s payment system. American entrepreneur Alex Finn has speculated that crypto could be a key part of X Money, explaining that cryptocurrencies could serve as a fast and efficient method for transactions.
“Musk’s support for $DOGE could mean that the memecoin will play a significant role in X Money,” said Finn during an X Spaces session. He also pointed out that X has already made moves toward cryptocurrency payments on Musk's other ventures, such as Tesla.
Which States Are Left Out? If X Money does launch in 2025, it will first be available in the 39 states where the company has secured money transmitter licenses. However, residents in some states, including Alaska, New York, and Washington, will not be able to access the service initially. These states are still awaiting approval, which could delay the launch in those areas.

As for now, the legitimacy of the leaked code remains unconfirmed, and whether X Money will be supported by cryptocurrency at launch is still uncertain. With Musk’s support for $DOGE and Bitcoin, however, it seems likely that crypto will play some role in the upcoming payment system.

Stay tuned for more updates on X Money as the situation develops!
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Bitcoin’s recent 2% pump might be getting headlines, but let’s not confuse a short-term bounce with a clear direction. The charts are telling a story of cautious optimism mixed with looming risks.

Strength or Fakeout?

On the daily chart, Bitcoin’s forming a falling wedge—a pattern that often leads to a breakout. Coupled with a triple bottom on the 4-hour chart and a textbook reversal candle from last week, the setup is enticing for a short-term move to $97,500 or $98,500.

But let’s not ignore the storm clouds. The 50- and 128-day moving averages are flirting with a bearish crossover, a rare but historically significant signal that’s been a harbinger of major corrections. Factor in a developing head-and-shoulders pattern, and a potential drop to $80K—or even $77K—starts to feel uncomfortably possible.

The Investor vs. Trader Mindset

For long-term investors, none of this short-term drama should matter. Bitcoin’s fundamentals are rock solid. Institutional investors are quietly accumulating, the halving is on the horizon, and macroeconomic trends point to a brighter future. If you’re planning on buying Bitcoin during these dips, you’re mirroring exactly what the big players are doing. Stick to a Dollar-Cost Averaging (DCA) strategy, and you’ll crush it. Levels like $92.5K have been golden opportunities to build spot positions.
But traders live in a different reality. We thrive in the here and now, navigating Bitcoin’s wild swings. Until we see a clean break and confirmation above $98.5K, it’s prudent to stay cautious. Premature breakouts are Bitcoin’s specialty, and patience will save you from unnecessary losses.

Levels to Watch
December’s bearish shooting star candle isn’t just technical noise. It’s a reminder that Bitcoin is still wrestling with resistance that’s held firm since 2017. A convincing move above $98.5K could pave the way to $114K, but if we lose $90.7K, prepare for a deeper correction to those $77K–$80K zones.

Takeaways

Bitcoin thrives on volatility, and this moment is no different. If you’re a macro investor, stay the course. Stick to your DCA strategy, trust in Bitcoin’s long-term potential, and don’t get caught up in the short-term noise.
For traders, the game is about discipline and precision. Respect the levels, wait for confirmation, and don’t let impatience dictate your decisions.
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$BTC

DOGE’s 14-day RSI fell to nearly oversold levels when the Dogecoin price bottomed around $0.26 in late December.
Looking at the Dogecoin price’s relationship to its RSI over the past few months, RSI lows have tended to form around the same time as Dogecoin price lows, and have thus worked as good buy signals.
By that interpretation, the subdued RSI reading in late December could have been a good buy signal.
Analysis of the fundamental market backdrop fits with the view that now could be a great time to buy Dogecoin (DOGE).
The avidly pro-crypto Trump administration is set to land in the White House in under three weeks, kickstarting a new golden age for the US crypto industry and markets more broadly.
Bitcoin (BTC) is expected to pump this year, which is especially true if the US establishes a strategic Bitcoin reserve.
Altcoins could do even better, given the current anti-crypto, altcoin-hating SEC chair Gary Gensler is set to depart on January 20 for a much more pro-crypto replacement and Trump ally Paul Atkins.
That means altcoin season could be right around the corner, which could also mean meme coin season.
And Dogecoin is set to remain a leading force in the meme coin market. It remains the largest by market cap, with a value of close to $50 billion, around 50% of the outstanding meme coin market capitalization per CoinMarketCap.
This leadership could grow in 2025, as the new Elon Musk-led Department of Government Efficiency (D.O.G.E) begins its controversial work and starts dominating the headlines.

This all but guarantees Dogecoin is set to retain a leading share of the meme coin market’s so-called “mind share”, guaranteeing strong performance.
That’s a lot of reasons to be bullish on the Dogecoin price right now. So, how high could it go?
Assuming meme season comes surging back, DOGE is odds on to retest its 2021 highs, and to do soon very quickly.
Beyond that, the $1 level that Dogecoin investors have long craved for is also very possible in the coming months.
But would that mark the end of the Dogecoin bull market? History suggests that’s unlikely, and that Dogecoin could go a lot higher than many people might be able to comprehend.
Let’s take the past two Dogecoin bull cycles. In both the 2017 and 2021 cycles, Dogecoin far exceeded the 4.236 Fibonacci extension levels from beyond its prior record levels.
Might returns have diminished now that Dogecoin has become a near-$50 billion-dollar asset? Yes, probably.
But if Dogecoin can only match its 4.236 Fibonacci extension level beyond its 2021 high, that would imply a Dogecoin price of around $3, and a market cap of nearly $450 billion.
That might sound excessively high. But if Bitcoin is going to $500,000 this cycle amid the establishment of strategic Bitcoin reserves around the world, that would imply an approximately $10 trillion market cap.
Dogecoin has exceeded 5% of Bitcoin’s market cap in the past, and could continue to do so into the future.
#DOGE #news