AI industry is shaken and crypto AI projects are not an exception. $FET just touched $1 where its bottom 2YMA line is sitting currently, upon crossing which it'll enter the oversold zone.
What is it, a deep retracement, black swan event for alts, or the start of a bear market?
Four new charts have been just released. NUPL indicator, used for identifying Bitcoin macro cycle tops and bottoms, as well as Total Bitcoins in Circulation, Realized Cap, and Realized Price charts.
Over $200B were wiped from the $TOTAL market cap on the news of DeepSeek, worst performer being AI agents that plunged 18% losing over 2B in valuation.
Missing new analytics tools? In a couple of days we're going to release four new on-chain charts/indicators at the same time. Any guess on what these going to be?
$ETH is extremely undervalued with its 200WMA change at 1.49%, the same level when Ethereum was at $600 in December 2020. Will it be the most hated rally this cycle?
Just as we predicted last month $XRP had its local top right at the 2YMAx5 line at $2.7 and then retraced back to the EQ line to cool off.
However, it's probably not over for Ripple over here as the indicator MAs keep going higher and currently the top 2YMAx5 line sits at $3.30. Is it where $XRP going next?
Following today's Bitcoin dip to 89k the average of 63.58% accounts are long on $BTC on 1D and 75.97% are long on $ETH across exchanges. The taker volume is traditionally neutral for Bitcoin and slightly short-leaning for Ethereum.
We're in a pretty deep pullback and it might be difficult to believe it now, but $BTC hasn't even reached the EQ line of the 2-Year MA Multiplier tool and is very far away from the top 2YMAx5 line.
This tool successfully predicted the Bitcoin top every cycle since 2010 and currently it indicates that the EQ line is at $140k and the top is at $240k. If it has been spot-on every cycle so far, why would it be wrong now?
December did not live up to its historical performance expectations, with $BTC closing the month at a return of -2.94%, far below its average December performance of 12.01%.
Will January—typically a decent month with an average return of 9.29%—align with historical trends this year?
Work at Trading Digits never stops and we keep coding new free analytics tools. In the coming weeks we'll release yet another two on-chain indicators that are useful in determining Bitcoin macro cycle bottoms and tops, Realized Price and NUPL charts. Stay tuned.
We improved the performance of our Funding Rate Heatmap tool, which now loads in around one second.
Apart from that, it's the only funding heatmap on the web that allows you to plot $BTC price onto the chart and toggle between day and night color modes. Check it out: https://www.tradingdigits.io/funding-rate-heatmap
Happy 2025 everyone and thank you for using our platform! 🎅 We've grown a lot during the last year and passed from having just 3000 monthly users a year ago to over 30,000 monthly users now.
We're sure this year will be no different as we are planning to launch dozens of new tools and features that will help you trade better. And you can see hints about some of these new features live right now 👀
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