An interesting dynamic in the cryptocurrency market is that long-term holders play a significant role in shaping trends. The Binary Coin Days Destroyed (CDD) metric helps analyze their activity. If the CDD value is above the average, this may indicate possible selling pressure.

Recently, Binary CDD increased sharply when Bitcoin reached a new record of $108K. This may indicate that long-term holders consider this level to be advantageous for selling, reducing their market exposure. If the selling pressure intensifies, this could lead to increased volatility and a potential price correction.

Coinbase records record Bitcoin outflow: 10,756 BTC, worth $1.1 billion, were withdrawn in an hour. This movement coincided with the announcement of the Fed’s interest rate decision.

Transaction details:

- First block: 8,093 BTC
- Second block: 2,557 BTC
- Total outflow: 10,650 BTC

This large transaction indicates institutional purchases or purchases for Spot ETFs. Such actions highlight the growing influence of large players in the Bitcoin market.

Investors in the US continue to actively accumulate Bitcoin, despite price fluctuations. It is important to analyze how these large transactions may affect price trends.

The price of Bitcoin that buyers have paid over the past week and month typically acts as technical support during bull markets. If demand in the US declines, as the Coinbase Premium Index suggests, and the Fed continues its tight policy, Bitcoin could test the 97,600 level.

Analyzing Ethereum data, it is noticeable that Q4 2024 and Q1 2025 promise a potential upward trend. In Q4 2024, there is a significant increase in leverage ratios, indicating an increase in risk appetite among investors. Ethereum open interest reached record levels, and positions maintain positive funding rates.

But the question remains: how will the Fed’s policy, despite the rate cut, affect these bullish signals for Ethereum? This could be a decisive factor for the market direction.

Tron reached an all-time high of $0.45 in early December, but then suffered a 40% correction. While this may seem alarming, such pullbacks are typical during a bullish rally.

Analysis using an indicator that combines RSI and MACD shows that the market has moved out of the “overbought” zone. This suggests healthier conditions for Tron investors. However, the indicator has not yet given a clear “buy” signal.

The next steps are important. If an “oversold” signal appears, it could be a good buying opportunity to take advantage of the continuation of Tron’s bullish momentum.

For now, it is worth being patient. Keep an eye on this indicator and the market trends to find the right moment to re-enter Tron.

Binance continues to lead the futures market in 2024, holding around 40% of open interest. Bybit holds 28-30%, while OKX, HTX, and Deribit have moderate shares of 10-12%. BitMEX maintains a smaller market share of around 2%.

Stablecoin reserves support Binance’s dominance, with reserves to open interest ratios of 2.0-2.6, indicating solid collateral. Others like OKX, Bybit, BitMEX, and HTX have weaker figures.

BitMEX leads in BTC reserves to open interest ratios, while Binance remains stable. OKX, HTX, Deribit, and Bybit have lower figures, indicating potential risks.

The Tron blockchain is showing impressive results, surpassing other cryptocurrencies in terms of transaction volume. Over the past three months, 182 million, 167 million and 135 million transactions were recorded in October, November and December.

The growth is due to the decline in the popularity of games on the TON network and the active use of the Tether (USDT) stablecoin on Tron. USDT is actively used for cryptocurrency trading and transactions on Tron, which contributes to the increase in volumes.

The Bitcoin market in 2024 shows interesting trends in stocks and price movements. Stocks on exchanges fell to 2.4 million, which caused a significant price jump.

🔹 During the year, Bitcoin stocks on exchanges decreased, from 3 million in January to 2.4 million at the end of the year. This indicates that investors, especially institutional ones, are withdrawing assets from exchanges for long-term storage.

🔹 The price of Bitcoin increased from $40K at the beginning of the year to $104K in November, setting a new record.

🔹 Analysts note an inverse correlation between the decrease in stocks and the increase in prices. Limited supply and high demand push the price up.

🔹 Forecasts for 2025 remain optimistic, but experts warn of possible volatility.

Binance remains the leading crypto exchange by futures trading volume over the past 12 months.

- Average monthly volume: $1.202 billion.

- High: $1.923 billion in November 2024.

- Low: $841 billion in June 2024.

Other exchanges: Only OKX has surpassed Binance's minimum volume, reaching $996 billion in March 2024.

Conclusion: Binance demonstrates high liquidity. Pay attention to the coins traded here, as they often determine market trends.

The Coinbase Premium Index reflects the demand for Bitcoin in the US by analyzing the activity on the Coinbase exchange. The last two weeks have shown a divergence between this index and the price of Bitcoin.

Demand from North American investors is increasing, especially in view of the launch of a Bitcoin ETF in January 2024 and the upcoming US presidential election. Despite the increase in the price of Bitcoin from $94K to $106K, the Coinbase Premium has decreased.

This could indicate a weakness in the medium term if the price increase is not supported by demand from the US. Investors should monitor this development closely.

Over the past two months, around 20.8 million ETH has been withdrawn from centralized exchanges, reminiscent of the activity during the 2021 bull market.

Interestingly, over 7.8 million ETH was withdrawn from Binance alone, accounting for around 33-39% of all Ethereum withdrawals. This underscores Binance’s dominant role in the market.

Such large withdrawals are often seen as a positive signal, indicating investors are accumulating for staking or long-term storage.

With 250 million users and growing deposits of $21.6 billion this year, Binance is solidifying its position as the leading exchange for both retail and institutional users.

Binance continues to lead in terms of transaction volume in 2024, showing high user activity during both price increases and decreases. This indicates active trader participation in the market.

Coinbase Advanced shows lower inflows but significant outflows during price rallies. This indicates interest in long-term holding among large players. Monitoring the activity of “whales” on Coinbase can provide valuable insights.

OKX shows a reaction to market volatility with large inflows during rallies and sudden outflows during corrections, reflecting the activity of speculators.

KuCoin remains relatively inactive in Bitcoin flows, indicating interest in altcoins.

The movement of Ethereum’s net flows on spot exchanges is important for understanding price dynamics. Net outflows indicate that ETH is moving to cold wallets, reducing selling pressure, which is a positive signal for the price. On the other hand, net inflows indicate that investors are preparing to sell, creating downward pressure on the price.

In early 2022, the price of Ethereum fell from $4,000 to $1,000 due to the dominance of net inflows. Since July 2022, net outflows have begun to prevail, and the price of ETH has begun to recover.

For the Ethereum price to rise, it needs sustained net outflows, which reduce the supply of ETH on exchanges, maintaining the balance in favor of demand. This helps the price rise, but sudden inflows can create short-term selling pressure.

Ethereum’s sustained net outflows support its price growth and are important for the expected altcoin season. Net ETH flow data on spot exchanges is a critical indicator for investors.

Bitcoin has stabilized at 1.27 per MVRV, indicating moderate growth with potential for further upside.

Net realized gains have fallen from $10B to $3B, reducing selling pressure. This means that long-term holders have already realized most of their gains and are ready for new increases.

The 90-day oscillator shows a balance between buying and selling, indicating the possibility of price growth in the short term.

Demand has increased due to ETFs and MicroStrategy purchases, which supports optimistic sentiment. US reserves and purchases by mining companies like MARA add confidence.

The year is ending quietly but positively. The market is healthy, but needs a correction for further growth.

Analyzing the cryptocurrency market, we see that since October, Bitcoin trading volumes have increased in both the futures and spot markets, which has pushed the price higher.

The futures market is currently cooling down a bit, while demand in the spot market continues to increase. This indicates a decrease in speculation in futures and an increase in buying pressure in the spot market.

The futures market is expected to experience cycles of overheating and liquidations, which will contribute to the growth of the Bitcoin price. This, in turn, will attract more capital to the spot market.

Analyzing the 30-day EMA, there are no signs of overheating, indicating the potential for further growth of Bitcoin.

Bitcoin has hit a new all-time high of $107,837, while the futures market remains calm.

1️⃣ Funding rate has dropped from 0.04% to 0.008%, making it easier to hold positions and reducing the risk of liquidation.

2️⃣ The bid/ask ratio is almost neutral, indicating no dominant sentiment.

3️⃣ Liquidations: Aside from a brief liquidation this morning, the market has been quiet for 16 hours.

4️⃣ Open interest has increased by 2.31% over the past 24 hours, but has not exceeded 3%, indicating no overheating.

Bitcoin continues its steady growth, setting new records without sharp fluctuations. Investors maintain a healthy short-term mood.

Ripple has announced that its stablecoin Ripple USD (RLUSD) will begin global trading tomorrow, December 17th. RLUSD is backed by dollar deposits, short-term US Treasury bonds, and other cash equivalents at a 1:1 ratio.

Over $65.9 million of RLUSD has been issued in the past two weeks: $13.3 million on XRPL and $52.9 million on Ethereum. With the launch, RLUSD will compete with other major stablecoins such as USDC and Tether.

Bitcoin continues to set new records, surpassing the $100K mark. At the same time, BTC is being steadily withdrawn from Binance, a trend that began in November and continues unabated.

Since August, Bitcoin reserves on Binance have been decreasing, and since November, outflows have accelerated significantly. This indicates the confidence of investors who are transferring BTC to private wallets, planning to hold them for the long term.

Such actions may indicate expectations of further price growth.

The S2F reversion indicator indicates profit opportunities. On September 11, it gave a buy signal at a value below 1, when Bitcoin reached $57K.

A critical level to watch is a value above 3, which may indicate an overheating market.

A smart strategy: take modest profits at a value of 2.5, and larger ones when the indicator exceeds 3. This helps to effectively balance risk and reward.

Activity on the TON DEX has dropped again, as has the number of available pools. After the TON price reached 7.2 USD, the market became volatile, fluctuating between 7.2 USD and 5.2 USD. This led to a decrease in interest in the DEX, both in swaps and pools.

Previously, the increase in swaps on platforms such as Stone.FI and DeDust was accompanied by an increase in the TON price, while their decrease indicated a decrease in the price and reduced liquidity.

The latest decrease indicates a correction in the TON price and a decrease in interest in the network. Daily monitoring of these indicators is important to assess user engagement, as price changes are closely related to sentiment on decentralized exchanges.