HP-Lovecraft
@HP-Lovecraft
Követés
Követők
Kedvelve
Megosztva
#CryptoReboundStrategy Navigating the crypto rebound in 2025? Here's your strategy:
1- Diversify: Spread your investments across major players like ETH, while also dipping into promising altcoins for potential high returns.
2 - Patience Pays: Hold onto undervalued projects. The market's expected to surge, so don't sell prematurely. Wait for those peak moments, especially when retail FOMO hits in late Q1.
3 - Watch the Metrics: Keep an eye on MVRV, RHODL, and exchange inflows. These will signal when we're nearing the top or when it's time to buy the dip.
4 - Cycle Awareness: Expect a significant dip in summer; that's your buying opportunity. Start taking profits progressively from April, then reinvest during pullbacks.
5 - Stay Informed: Engage with crypto communities and follow credible analysts. Real-time updates and insights can help you adjust your strategy to market shifts.
1- Diversify: Spread your investments across major players like ETH, while also dipping into promising altcoins for potential high returns.
2 - Patience Pays: Hold onto undervalued projects. The market's expected to surge, so don't sell prematurely. Wait for those peak moments, especially when retail FOMO hits in late Q1.
3 - Watch the Metrics: Keep an eye on MVRV, RHODL, and exchange inflows. These will signal when we're nearing the top or when it's time to buy the dip.
4 - Cycle Awareness: Expect a significant dip in summer; that's your buying opportunity. Start taking profits progressively from April, then reinvest during pullbacks.
5 - Stay Informed: Engage with crypto communities and follow credible analysts. Real-time updates and insights can help you adjust your strategy to market shifts.
#CryptoReboundStrategy
Navigating the crypto rebound in 2025? Here's your strategy:
1- Diversify: Spread your investments across major players like BTC, ETH, and SOL, while also dipping into promising altcoins for potential high returns.
2 - Patience Pays: Hold onto undervalued projects. The market's expected to surge, so don't sell prematurely. Wait for those peak moments, especially when retail FOMO hits in late Q1.
3 - Watch the Metrics: Keep an eye on MVRV, RHODL, and exchange inflows. These will signal when we're nearing the top or when it's time to buy the dip.
4 - Cycle Awareness: Expect a significant dip in summer; that's your buying opportunity. Start taking profits progressively from April, then reinvest during pullbacks.
5 - Stay Informed: Engage with crypto communities and follow credible analysts. Real-time updates and insights can help you adjust your strategy to market shifts.
$BTC $ETH $SOL
Navigating the crypto rebound in 2025? Here's your strategy:
1- Diversify: Spread your investments across major players like BTC, ETH, and SOL, while also dipping into promising altcoins for potential high returns.
2 - Patience Pays: Hold onto undervalued projects. The market's expected to surge, so don't sell prematurely. Wait for those peak moments, especially when retail FOMO hits in late Q1.
3 - Watch the Metrics: Keep an eye on MVRV, RHODL, and exchange inflows. These will signal when we're nearing the top or when it's time to buy the dip.
4 - Cycle Awareness: Expect a significant dip in summer; that's your buying opportunity. Start taking profits progressively from April, then reinvest during pullbacks.
5 - Stay Informed: Engage with crypto communities and follow credible analysts. Real-time updates and insights can help you adjust your strategy to market shifts.
$BTC $ETH $SOL
But if ETH breaks under 3k-ish wouldnt the cup and handle be cancelled?
tuNNCay
--
Bikajellegű
$ETH
📊 ETH Season Incoming: Will Ethereum Hit $10,000? 🤔
Ethereum (ETH) is poised for a potential breakout as Q1 2025 approaches. Historical trends show ETH often lags behind Bitcoin (BTC), initiating its rallies at the start of the year. Analysts predict the next three days could mark the beginning of a new ETH season, backed by a strong Cup-and-Handle pattern on the charts.
This bullish setup, forming since October 2021, suggests Ethereum could target $6,078 in the short term, with an extended goal of $12,480. Breaking key resistance levels in the pattern is critical for this rally to materialize.
However, caution is advised. BTC’s current bearish signals, including a potential drop to $78,000, could overshadow ETH’s upward momentum. Should Bitcoin falter, Ethereum might slip as low as $2,600.
Stay tuned for this crucial period as Ethereum gears up for a defining moment in its price trajectory.
#eth #priceanalysis #analysis
📊 ETH Season Incoming: Will Ethereum Hit $10,000? 🤔
Ethereum (ETH) is poised for a potential breakout as Q1 2025 approaches. Historical trends show ETH often lags behind Bitcoin (BTC), initiating its rallies at the start of the year. Analysts predict the next three days could mark the beginning of a new ETH season, backed by a strong Cup-and-Handle pattern on the charts.
This bullish setup, forming since October 2021, suggests Ethereum could target $6,078 in the short term, with an extended goal of $12,480. Breaking key resistance levels in the pattern is critical for this rally to materialize.
However, caution is advised. BTC’s current bearish signals, including a potential drop to $78,000, could overshadow ETH’s upward momentum. Should Bitcoin falter, Ethereum might slip as low as $2,600.
Stay tuned for this crucial period as Ethereum gears up for a defining moment in its price trajectory.
#eth #priceanalysis #analysis
But if ETH breaks above 3k-ish wouldnt the cup and handle be cancelled?
tuNNCay
--
Bikajellegű
$ETH
📊 ETH Season Incoming: Will Ethereum Hit $10,000? 🤔
Ethereum (ETH) is poised for a potential breakout as Q1 2025 approaches. Historical trends show ETH often lags behind Bitcoin (BTC), initiating its rallies at the start of the year. Analysts predict the next three days could mark the beginning of a new ETH season, backed by a strong Cup-and-Handle pattern on the charts.
This bullish setup, forming since October 2021, suggests Ethereum could target $6,078 in the short term, with an extended goal of $12,480. Breaking key resistance levels in the pattern is critical for this rally to materialize.
However, caution is advised. BTC’s current bearish signals, including a potential drop to $78,000, could overshadow ETH’s upward momentum. Should Bitcoin falter, Ethereum might slip as low as $2,600.
Stay tuned for this crucial period as Ethereum gears up for a defining moment in its price trajectory.
#eth #priceanalysis #analysis
📊 ETH Season Incoming: Will Ethereum Hit $10,000? 🤔
Ethereum (ETH) is poised for a potential breakout as Q1 2025 approaches. Historical trends show ETH often lags behind Bitcoin (BTC), initiating its rallies at the start of the year. Analysts predict the next three days could mark the beginning of a new ETH season, backed by a strong Cup-and-Handle pattern on the charts.
This bullish setup, forming since October 2021, suggests Ethereum could target $6,078 in the short term, with an extended goal of $12,480. Breaking key resistance levels in the pattern is critical for this rally to materialize.
However, caution is advised. BTC’s current bearish signals, including a potential drop to $78,000, could overshadow ETH’s upward momentum. Should Bitcoin falter, Ethereum might slip as low as $2,600.
Stay tuned for this crucial period as Ethereum gears up for a defining moment in its price trajectory.
#eth #priceanalysis #analysis
95564
Binance Square Official
--
Predict BTC Price & Win up to $300 USDC!
With the new year approaching, where do you think Bitcoin will go next?
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
#Crypto2025Trends 2025 is set to be a monumental year for crypto! 🚀 $BTC Bitcoin might reach a new ATH, driven by potential U.S. policy changes favoring digital assets. Altcoins like $ETH , $BNB & #Solana are predicted to shine, with forecasts suggesting gains of 20-30%, and some altcoins could see 500% increases. Watch for the rise of Decentralized Physical Infrastructure Networks (DePIN), offering new ways to manage real-world assets on blockchain. Also, expect a DeFi renaissance with new protocols and tokenized assets. Stablecoins will gain more traction as regulatory frameworks solidify, potentially fueling mainstream adoption. The crypto market cap is expected to soar, so buckle up!
#Crypto2025Trends
2025 is set to be a monumental year for crypto! 🚀 $BTC Bitcoin might reach a new ATH, driven by potential U.S. policy changes favoring digital assets. Altcoins like $ETH , $BNB & Solana are predicted to shine, with forecasts suggesting gains of 20-30%, and some altcoins could see 500% increases. Watch for the rise of Decentralized Physical Infrastructure Networks (DePIN), offering new ways to manage real-world assets on blockchain. Also, expect a DeFi renaissance with new protocols and tokenized assets. Stablecoins will gain more traction as regulatory frameworks solidify, potentially fueling mainstream adoption. The crypto market cap is expected to soar, so buckle up!
2025 is set to be a monumental year for crypto! 🚀 $BTC Bitcoin might reach a new ATH, driven by potential U.S. policy changes favoring digital assets. Altcoins like $ETH , $BNB & Solana are predicted to shine, with forecasts suggesting gains of 20-30%, and some altcoins could see 500% increases. Watch for the rise of Decentralized Physical Infrastructure Networks (DePIN), offering new ways to manage real-world assets on blockchain. Also, expect a DeFi renaissance with new protocols and tokenized assets. Stablecoins will gain more traction as regulatory frameworks solidify, potentially fueling mainstream adoption. The crypto market cap is expected to soar, so buckle up!
#ReboundRally Bitcoin $BTC Formed Double Bottom Pattern near 92K On 2H Timeframe, Which Is A Bullish Pattern, and a resistance at 99-100K.
Successful Breakout And Retest Of This Pattern Will Pump BTC Hard 🚀
And then the alts with $ETH & $BNB already with gains for #Launchpool
Successful Breakout And Retest Of This Pattern Will Pump BTC Hard 🚀
And then the alts with $ETH & $BNB already with gains for #Launchpool
Bitcoin $BTC Formed Double Bottom Pattern near 92K On 2H Timeframe, Which Is A Bullish Pattern, and a resistance at 99-100K.
Successful Breakout And Retest Of This Pattern Will Pump BTC Hard 🚀
And then the alts with $ETH & $BNB
#ReboundRally
Successful Breakout And Retest Of This Pattern Will Pump BTC Hard 🚀
And then the alts with $ETH & $BNB
#ReboundRally
#BTCReclaims101K
Why is reward hub/shop empty? We want our bnb vouchers before next pump 😬. $BNB
-BTC reclaims 101k, don't fall in the whales trap, keep your coins with You. Always are corrections on bullmarkets, they faked a few days ago alt season start, pumping eth and then dumping btc and all alts trapping retails. $SOL
Why is reward hub/shop empty? We want our bnb vouchers before next pump 😬. $BNB
-BTC reclaims 101k, don't fall in the whales trap, keep your coins with You. Always are corrections on bullmarkets, they faked a few days ago alt season start, pumping eth and then dumping btc and all alts trapping retails. $SOL
#2024WithBinance
As of December 4, 2024, Binance Coin (BNB) has overtaken Solana (SOL) to become the fifth-largest market capitalization cryptocurrency valued at approximately $112.6 billion.
Hiting a new ATH of 793.35. With a circulation and total supply of 144.01M BNB is now in the top 5.
Is the road to 1k in the next months possible? $BNB $SOL $ETH
ETH has signaled a Golden Cross, this ould mean a parabolic bullish trend in the coming months.
As of December 4, 2024, Binance Coin (BNB) has overtaken Solana (SOL) to become the fifth-largest market capitalization cryptocurrency valued at approximately $112.6 billion.
Hiting a new ATH of 793.35. With a circulation and total supply of 144.01M BNB is now in the top 5.
Is the road to 1k in the next months possible? $BNB $SOL $ETH
ETH has signaled a Golden Cross, this ould mean a parabolic bullish trend in the coming months.
#BSCOnTheRise Binance Labs announced its investment in Astherus, a multi-asset liquidity hub, on November 28, 2024. The funding will reportedly help Astherus simplify DeFi interactions and provide sustainable profit opportunities for users.
Astherus is designed as a multi-asset liquidity hub that focuses on maximizing the real yield of crypto assets. Per reports, the platform provides DeFi users with a range of opportunities to generate high returns through multi-chain yield strategies, while ensuring institutional-grade security.
According to the Astherus team, the protocol bridges the gap between centralized finance (CeFi) and decentralized finance (DeFi) by offering a CeDeFi-based automated yield pool called AstherusEarn.
Astherus aims to enhance the utility of digital assets, offering innovative solutions like stablecoin yield farming and derivatives trading. The platform’s mission is to simplify access to DeFi strategies while ensuring security and high returns.
$BNB $BTC $ETH
Astherus is designed as a multi-asset liquidity hub that focuses on maximizing the real yield of crypto assets. Per reports, the platform provides DeFi users with a range of opportunities to generate high returns through multi-chain yield strategies, while ensuring institutional-grade security.
According to the Astherus team, the protocol bridges the gap between centralized finance (CeFi) and decentralized finance (DeFi) by offering a CeDeFi-based automated yield pool called AstherusEarn.
Astherus aims to enhance the utility of digital assets, offering innovative solutions like stablecoin yield farming and derivatives trading. The platform’s mission is to simplify access to DeFi strategies while ensuring security and high returns.
$BNB $BTC $ETH
#BTC Bitcoin dominance hints at ‘altseason,’ analysts eye XRP price rally into 2025.
Analysts are expecting Ether and altcoins like XRP to stage a significant rally leading into Trump’s inauguration on Jan. 20, which also marks the last day of SEC Chair Gensler.
Declining Bitcoin dominance suggests that investor are taking profit from their BTC positions and investing part of these funds into altcoins like ETH and XRP.
Further progress on the potential XRP ETF would be a major price catalyst for the coin.
Asset manager 21Shares was the latest to file for an XRP ETF with the US Securities and Exchange Commission (SEC) on Nov. 1, as the third company to seek an XRP ETF.
$BTC $ETH $XRP
Analysts are expecting Ether and altcoins like XRP to stage a significant rally leading into Trump’s inauguration on Jan. 20, which also marks the last day of SEC Chair Gensler.
Declining Bitcoin dominance suggests that investor are taking profit from their BTC positions and investing part of these funds into altcoins like ETH and XRP.
Further progress on the potential XRP ETF would be a major price catalyst for the coin.
Asset manager 21Shares was the latest to file for an XRP ETF with the US Securities and Exchange Commission (SEC) on Nov. 1, as the third company to seek an XRP ETF.
$BTC $ETH $XRP
#AIAndGameFiBoom
In the GameFi sector, The Sandbox (SAND) has experienced a remarkable surge, with prices rallying by over 100% in the past few weeks. This growth reflects a surge in network activity, with daily transaction counts reaching their highest levels recently. Analysts predict a further 75–80% rally as SAND breaks key resistance levels. Similarly, Decentraland (MANA) and Axie Infinity (AXS) have seen weekly gains of 67% and 42%, respectively. Axie Infinity has also expanded its daily active user base from 14,000 to over 56,000 this year, demonstrating renewed interest in its play-to-earn ecosystem. Meanwhile, Gala Games ($GALA) has seen a 50% increase in its weekly price, reinforcing its position as a leader in blockchain gaming ecosystems.
The ssiGameFi Index, a key metric for GameFi sector performance, currently stands at $10.4, marking a 31.17% increase weekly and a 62.84% surge monthly. These metrics underscore the sector's resilience, even amidst broader market volatility.
Adding to the GameFi momentum, Immutable X (IMX) emerges as a significant player. $IMX, a layer-2 scaling solution for Ethereum, enables seamless NFT creation and trading with minimal gas fees. Priced at $0.733 with a market cap of $670 million, Immutable X is addressing scalability issues, making blockchain gaming more accessible and efficient.
The broader GameFi market, which saw valuation lows of $16 billion earlier this year, has rebounded to $21 billion, signaling strong recovery and investor confidence. Emerging projects and sustainable gaming models, such as those implemented by Animoca Brands and decentralized platforms like Illuvium, further highlight the sector's innovation and potential.
In the GameFi sector, The Sandbox (SAND) has experienced a remarkable surge, with prices rallying by over 100% in the past few weeks. This growth reflects a surge in network activity, with daily transaction counts reaching their highest levels recently. Analysts predict a further 75–80% rally as SAND breaks key resistance levels. Similarly, Decentraland (MANA) and Axie Infinity (AXS) have seen weekly gains of 67% and 42%, respectively. Axie Infinity has also expanded its daily active user base from 14,000 to over 56,000 this year, demonstrating renewed interest in its play-to-earn ecosystem. Meanwhile, Gala Games ($GALA) has seen a 50% increase in its weekly price, reinforcing its position as a leader in blockchain gaming ecosystems.
The ssiGameFi Index, a key metric for GameFi sector performance, currently stands at $10.4, marking a 31.17% increase weekly and a 62.84% surge monthly. These metrics underscore the sector's resilience, even amidst broader market volatility.
Adding to the GameFi momentum, Immutable X (IMX) emerges as a significant player. $IMX, a layer-2 scaling solution for Ethereum, enables seamless NFT creation and trading with minimal gas fees. Priced at $0.733 with a market cap of $670 million, Immutable X is addressing scalability issues, making blockchain gaming more accessible and efficient.
The broader GameFi market, which saw valuation lows of $16 billion earlier this year, has rebounded to $21 billion, signaling strong recovery and investor confidence. Emerging projects and sustainable gaming models, such as those implemented by Animoca Brands and decentralized platforms like Illuvium, further highlight the sector's innovation and potential.
Dogecoin has surpassed the market capitalization of luxury automaker Porsche, driven by endorsements from Elon Musk and the potential launch of an exchange-traded product (ETP) for the memecoin.
Dogecoin $DOGE has risen 175% during the past month to a $57.8 billion market capitalization, surpassing Porsche’s $56.1 billion market cap, as of 8:34 am UTC on Nov. 27.
#doge⚡ $XRP $BNB $DOGE
#ThanksgivingBTCMoves
Dogecoin $DOGE has risen 175% during the past month to a $57.8 billion market capitalization, surpassing Porsche’s $56.1 billion market cap, as of 8:34 am UTC on Nov. 27.
#doge⚡ $XRP $BNB $DOGE
#ThanksgivingBTCMoves
#ThanksgivingBTCMoves In the crypto market, there is a market anomaly surrounding Thanksgiving. During a bull market, bitcoin tends to suffer losses around Thanksgiving, but the price restarts rallying after a week or two. This 'Thanksgiving anomaly' was observed during the bull run of 2016 and 2020, the years when bitcoin’s halving happened. Bitcoin went through its fourth halving this April, so a lot of market participants may be believing that a dip around Thanksgiving could be a huge opportunity.
But we are still waiting the "dip".
Ripple's XRP has surged 13% this week as traders bet Trump's pick for SEC chair will mean an end to Ripple's drawn-out legal battles, with the XRP price soaring almost 200% since the U.S. election at the beginning of November.
$BTC $XRP $SOL
But we are still waiting the "dip".
Ripple's XRP has surged 13% this week as traders bet Trump's pick for SEC chair will mean an end to Ripple's drawn-out legal battles, with the XRP price soaring almost 200% since the U.S. election at the beginning of November.
$BTC $XRP $SOL
$BTC “Bitcoin whales took advantage” of the crypto market correction earlier this week, accumulating 16,000 BTC.
Much of the $1.5 billion in Bitcoin was scooped up after almost $4 billion in BTC was sent to exchanges at a loss by short-term holders, but other investors, such as day traders and retail, must also join the fray to push the price past $100,000.
From a technical perspective, Bitcoin has managed an immediate recovery above $95,000 after exhibiting a V-pattern from the local low at $90,742.
The most logical scenario for BTC is to retest the $100,000 resistance level. But first, a daily candle close above the overhead resistance at $96,400 is needed.
Ethereum $ETH has outperformed Bitcoin $BTC in open interest, with over $8.9 billion worth of open contracts, compared to Bitcoin’s $6.7 billion and has outperformed Bitcoin in futures yields, signaling potential ETF inflows that may catalyze a rally above $4,000 before Jan. 20.
Much of the $1.5 billion in Bitcoin was scooped up after almost $4 billion in BTC was sent to exchanges at a loss by short-term holders, but other investors, such as day traders and retail, must also join the fray to push the price past $100,000.
From a technical perspective, Bitcoin has managed an immediate recovery above $95,000 after exhibiting a V-pattern from the local low at $90,742.
The most logical scenario for BTC is to retest the $100,000 resistance level. But first, a daily candle close above the overhead resistance at $96,400 is needed.
Ethereum $ETH has outperformed Bitcoin $BTC in open interest, with over $8.9 billion worth of open contracts, compared to Bitcoin’s $6.7 billion and has outperformed Bitcoin in futures yields, signaling potential ETF inflows that may catalyze a rally above $4,000 before Jan. 20.
#ThanksgivingBTCMoves “Bitcoin whales took advantage” of the crypto market correction earlier this week, accumulating 16,000 BTC.
Much of the $1.5 billion in Bitcoin was scooped up after almost $4 billion in BTC was sent to exchanges at a loss by short-term holders, but other investors, such as day traders and retail, must also join the fray to push the price past $100,000.
From a technical perspective, Bitcoin has managed an immediate recovery above $95,000 after exhibiting a V-pattern from the local low at $90,742.
The most logical scenario for BTC is to retest the $100,000 resistance level. But first, a daily candle close above the overhead resistance at $96,400 is needed.
Ethereum $ETH has outperformed Bitcoin $BTC in open interest, with over $8.9 billion worth of open contracts, compared to Bitcoin’s $6.7 billion and has outperformed Bitcoin in futures yields, signaling potential ETF inflows that may catalyze a rally above $4,000 before Jan. 20.
Much of the $1.5 billion in Bitcoin was scooped up after almost $4 billion in BTC was sent to exchanges at a loss by short-term holders, but other investors, such as day traders and retail, must also join the fray to push the price past $100,000.
From a technical perspective, Bitcoin has managed an immediate recovery above $95,000 after exhibiting a V-pattern from the local low at $90,742.
The most logical scenario for BTC is to retest the $100,000 resistance level. But first, a daily candle close above the overhead resistance at $96,400 is needed.
Ethereum $ETH has outperformed Bitcoin $BTC in open interest, with over $8.9 billion worth of open contracts, compared to Bitcoin’s $6.7 billion and has outperformed Bitcoin in futures yields, signaling potential ETF inflows that may catalyze a rally above $4,000 before Jan. 20.
$ETH Ethereum is showing signs of strength against Bitcoin, as the ETH/ BTC pair attempts to break free from a downward trend. Resistance at 0.038 is proving difficult to overcome, but if ETH can push past this level and reclaim 0.0415, it could lead to the charge for altcoins. With volume picking up, the conditions for an altcoin rally are becoming more favorable.