ChainCatcher Message, Nexo's latest Dispatch report provides an in-depth analysis of recent cryptocurrency market dynamics, revealing several key trends.
Firstly, regarding Bitcoin, the report indicates that reaching $100,000 could become a key support area. At the beginning of January, $2 billion flowed into spot ETFs, further solidifying this support level. Historical data suggests that Bitcoin is expected to rise by 20-30% in January, and the continued accumulation by institutional investors such as MicroStrategy also provides strong support.
Ethereum is viewed positively due to the increase in the number of long-term holders and the strong inflow into spot ETFs. The high leverage in the futures market reflects investors' optimistic expectations for 2025.
Solana faces potential resistance from a surge in market activity; although technical indicators show bullish signs, there is still a risk of sell-offs. The broader market experiences volatility due to token unlocks, which may affect the short-term prices of assets like Solana and Dogecoin.
The report also emphasizes that macroeconomic factors, such as U.S. labor market statistics, cannot be ignored in their impact on cryptocurrency demand, especially for Bitcoin.