1️⃣😱The Fear and Greed Index in the crypto market has dropped to 50 - this is the lowest level since October 14, 2024.
2️⃣📊The head of CryptoQuant says that the altcoin market is now a zero-sum game of survival, where the gains of some are the losses of others.
While Bitcoin has doubled its capitalization, altcoins have not yet returned to their peak values. Only those projects that have real application and a strong idea will survive.
3️⃣📉Analysis of past Bitcoin cycles shows that the first week of the new year usually sees growth, followed by a sharp decline. (picture)
After such a rollback, an upward trend usually begins, which continues until about March.
4️⃣🤑💰“Every Billionaire Will Soon Buy a Billion $$$’s Worth of BTC” – Michael Saylor
1️⃣🇺🇸The US government has received permission to liquidate 69,000 BTC ($6.5 billion) seized in the Silk Road case, less than two weeks after the inauguration of the new administration, which had previously stated its intentions to refrain from selling the cryptocurrency.
The CEO of CryptoQuant believes that if the US government sells its $6.5 billion worth of BTC, the market could absorb that amount in just a week.
🇸🇻The President of El Salvador said that such a sale could create excellent opportunities to buy BTC at favorable prices.
2️⃣🪙El Salvador bought another 11 bitcoins for its strategic bitcoin reserve
3️⃣🐳Major players are cutting positions
Owners of over 10,000 BTC began selling assets back in September, and the selling has intensified over the past two weeks. Bitcoin whales (1-10,000 BTC) have also stepped up their selling.
4️⃣🩸The biggest US stock market CRASH in history has already begun – Robert Kiyosaki
1️⃣🩸238,184 traders were liquidated in the last 24 hours, the total amount of liquidations was $712.50 million.
2️⃣📉One of the possible reasons for the current market decline is that the stock market has faltered amid the risks of a possible escalation of a new conflict, which has also affected the crypto, given their correlation.
🤔Trump said that the deal to annex Greenland to the United States should be implemented despite the resistance of the Danish authorities.
3️⃣🦬This "bitcoin bull market" may be the longest in history - a forecast was made by the CEO of the analytical platform CryptoQuant Ki Young Ju
"New sources of liquidity are constantly feeding the market, and even more are waiting to be unlocked," he added.
4️⃣🙂For the first time in history, more than 20% of all spot crypto volumes are happening on DEX exchanges.
Really significant, considering that most exchange trading is fake.
5️⃣⛔️Traders no longer expect the Fed to cut rates before July – BBG
6️⃣🪙Donald Trump met with Ripple CEO at his Mar-a-Lago residence.
1️⃣📈Arthur Hayes stated in a new essay that the crypto market will reach its peak by the end of the first quarter, which makes sense given the increased dollar liquidity. It will then experience a serious correction (he recommends selling in March).
Arthur also noted his interest in the rapidly developing sector of decentralized science (DeSci).
2️⃣💰MicroStrategy acquired 1,070 BTC for $101 million.
The company's balance now holds 447,470 BTC, which were purchased for around $28 billion at an average price of $62,503 per BTC.
3️⃣🐳WhaleMap: The level 94,000$ formed a double bottom, with whale wallets actively accumulating at each touchpoint.
In case we drop, we are now supported by 2 levels - 98,000$ and 94,000$.
Bitcoin more than doubled in 2024, helped by U.S. regulators approving exchange-traded funds linked to its spot price and investor optimism after Donald Trump's return to the White House eased regulatory hurdles
#BTCOutlook The current market situation indicates that the Bitcoin price is threatened not by a Christmas pump, but by a drop to $90,000 by New Year. After December 17, when the price of BTC reached an all-time high of $108,446 on the Bitstamp exchange, the coin sharply declined by 15%. The asset's value then corrected, bouncing off a bottom around $92,000, but the bulls failed to maintain the initiative in their hands. A key resistance zone formed between $97,500 and $99,800 because owners of about 924,000 crypto wallets purchased 1.2 million bitcoins worth $117 billion at this price. It is clear that the low trading volume will not allow buyers to break through this strong barrier, and the BTC price will head down.
If we close the daily candle at the first level of 92300, I expect a bounce towards 100k.
If it spills down, the next level is 87500, then I'll be looking to long there.
In any case, a correction was expected.
Alts have been dropped by 20-40%. I understand that emotionally it's hard for many to see a drawdown, but it’s necessary to ride it out and not lock in losses.
Now I will watch the levels and see where the trading ideas for long positions will be.
🩸255,682 traders were liquidated in the last 24 hours, totaling 🍋$882.00 million in liquidations.
1️⃣💰Net outflows from Bitcoin spot ETFs on December 19th were $680 million, the largest single-day outflow in history and the first recorded net outflow in the last 15 days.
2️⃣🇺🇸House Republicans reached an agreement on a short-term (3-month) government funding package to avoid a shutdown that could have happened as early as December 20th. The deal would also suspend the US debt ceiling for 2 years.
3️⃣🥷🇰🇵Chainalysis reported that the total amount of stolen cryptocurrencies has grown by 21% this year, reaching $2.2 billion — more than half (61%) came from hacker groups linked to North Korea.
4️⃣🔶Binance․US plans to restore USD services in early 2025 amid expected changes in US crypto policy.
❌Liquidations in the market over the last 24 hours, CoinGlass: ~278K traders, for a total of ~$806 million. — ~85% long positions and ~15% short positions.
Here is the retest of MA50-100 that was mentioned yesterday. The decline was triggered by the US Fed meeting. J. Powell gave New Year discounts to the market.
Currently, Bitcoin is around the rising trend line, which has been holding the price from falling since mid-November. The MA50-100 also lies here on the 8-hour timeframe.
📈If we bounce up from the current area — we will continue the upward movement, at least back to 108K, and ideally, with a new ATH.
📉However, if we see a break of supports — the market will expect a serious decline with a full correction of BTC to the area of 85K. However, for now, I am more inclined towards a positive scenario.
$BNB #BNB Asset that doesn't care about corrections.
BNB is one of the giants of the market and rightfully the best exchange token. It is used everywhere - for fees, for participating in launchpads and launch pools, in staking, etc.
Even despite the ATH - it always makes sense to buy it, at least for participating in various activities related to it. Of course, it would have been better to buy it during the bear market and now cash out, but if you missed that and are wondering whether to buy or not - here is your answer below:
Buy if you plan to participate in the exchange ecosystem or use the BNB network; otherwise, it's not worth it, as the asset is trading near peak values.
The whale address on the market has purchased PEPE coins today for a total of $13.8 million.
While some are preparing for a Bitcoin crash below $90k, major players are taking advantage of the correction moment and are actively increasing their spot positions. Take note.