FomoScope - Crypto FOMO Detection & Analysis

thecoinrepublic.com Mar 15, 2025 04:07

Whats Next For Bitcoin Price Amid Large Sell-offs From BTC Whales? - Bitcoin price experienced a major market decline as large investors sold large portions of their Bitcoin holdings. More than 57,000 BTC were transferred by whales and sharks in recent weeks indicating that Bitcoin will face further bearish market conditions. Many investors now question the...

BTC

FOMO: 90%

cointelegraph.com Mar 11, 2025 13:33

Yuga exec warns about ‘true bear market’ Ether price as whales scramble - Yuga Labs’ vice president of blockchain has warned that Ether could drop as low as $200 in a prolonged bear market, a 90% decline from its current price.In a March 11 post on X, the executive, known as “Quit,” pushed back against analysts who suggest $1,500 as a possible bottom for Ether (ETH). Instead, Quit argued that a true bear market could see ETH fall significantly lower, similar to previous market cycles.“A true bear market target, if we’re just getting started, would be ~$200-$400. That’s an 80% drawdown from here, 90% total drawdown -- in line with past bear markets.”The executive said he’s in a “comfortable” position if things go south. Quit told followers to consider selling their stash if they’re uncomfortable with the asset going down. Source: QuitETH holders discuss potential price trajectoryQuit’s post triggered mixed reactions from the crypto community. Some investors agreed that ETH could drop further, while others said such a scenario would require a major systemic collapse similar to 2018.One X user said they set $1,800 as the bottom. However, when the price reached $1,800, they contemplated whether it could go to $1,200. The ETH holder agreed with Quit’s prediction and said, “It could very well go lower” if Bitcoin (BTC) goes to $66,000.Meanwhile, another X user disagreed with the prediction, saying it would only be possible if there were a systemic collapse similar to 2018. The ETH investor said that, unlike previous cycles, Ether has been adopted by institutions and has a maturing ecosystem. “Positioning for both scenarios is what every smart investor should done, but being too bearish at the wrong time can cost just as much as being overly bullish,” they wrote.Related: 4 things must happen before Ethereum can reclaim $2,600ETH whales scramble against liquidation threatQuit’s sentiments came as ETH whales scrambled to avoid liquidation as Ether prices collapsed. On March 11, CoinGecko data showed that ETH prices went to a low of $1,791 on a 22% decline in the past 7 days. Because of the sharp price changes, ETH whales moved millions of dollars in ETH to protect their positions against potential liquidation. Blockchain analytics firm Lookonchain flagged an ETH whale dumping $47.8 million and losing $32 million to avoid being liquidated. The whale still has over $64 million at the lending protocol Aave with a liquidation price of $1,316. Another ETH investor who had already used over $5 million in assets to lower the liquidation price to $1,836 started to be liquidated. Lookonchain said the whale’s $121 million balance is being liquidated as the price dropped below $1,800. A whale account suspected of being linked to the Ethereum Foundation also used $56 million in ETH to avoid liquidation amid the price drop. The address deposited over 30,000 ETH to the Sky vault, bringing its liquidation price to $1.127.14. The account was later determined to be unrelated to the foundation. Magazine: ETH whale’s wild $6.8M ‘mind control’ claims, Bitcoin power thefts: Asia Express

FOMO: 90%

cointelegraph.com Mar 11, 2025 13:45

3 reasons XRP might drop to $1.60 in March - The XRP (XRP) daily chart registered its lowest candle close in 99 days on March 10. The altcoin dropped below the $2 support level but registered a short-term recovery of 12% on March 11. XRP 1-hour chart. Source: Cointelegraph/TradingViewOn the high time frame (HTF) charts, XRP must hold above its psychological level at $2, but other metrics suggest that a deeper drawdown is possible. XRP markets lacks buyers as futures flip bearishXRP price is currently down 37.1% from its all-time high of $3.40. When prices dipped by a similar percentage on Feb. 3, spot market bids quickly absorbed the selling pressure, pushing XRP above $2.50. XRP’s spot and perpetual aggregated data. Source: aggr.tradeHowever, XRP‘s spot and perpetual markets were relatively bearish over the past week. Data from aggr.trade indicates that XRP’s spot cumulative volume delta (CVD) has dropped by 50% in March. A negative CVD means that there is more selling volume than buying. The current CVD value is -$408 million, which signals waning demand, with sellers taking control.Likewise, futures traders are also turning bearish, with perpetual CVD dropping to -1.18 billion on March 11. XRP’s open interest-weighted funding rate has also turned significantly negative, which indicates more short positions were added over the past few days. XRP funding rate chart. Source: CoinglassXRP whales continue selling spreeLast week, XRP’s volume bubble map showed a surge in activity toward the end of February. Ki-Young Ju, CryptoQuant founder, observed that this uptick aligned with an ongoing distribution phase for XRP. Distribution refers to a period in the market cycle when large investors slowly offload their positions to secure gains, usually happening close to the peak of an upward trend.Related: Why is the XRP price down today?Current data reveals that the distribution phase has intensified over the past seven days. Specifically, whale outflows, measured as a 30-day moving average—have steadily risen. This increase suggests that large holders continued to offload their XRP positions, further driving the distribution trend.XRP total whale flows. Source: CryptoQuantBetween March 4 and March 10, these large XRP holders offloaded roughly $838 million in positions. This significant sell-off reflects the ongoing bearish trend for XRP.XRP price H&S pattern hints at $1.60 retestOn March 11, XRP’s 1-day chart closed below $2.05, which is the critical neckline of the daily head-and-shoulders pattern. This pattern has potentially strong bearish consequences when observed on a high time frame (HTF) chart. XRP 1-day chart. Source: Cointelegraph/TradingViewLower price are likely if XRP fails to reclaim $2.05 as support, as illustrated in the chart above. The immediate target zone for XRP price remains between 0.5 and 0.618 Fibonacci retracement lines. Also known as the “golden zone,” the retest range lies between $1.90 and $1.60. The likelihood of retesting the 0.618 Fibonacci or $1.60 is high in the current bearish environment.Failure to hold this range could lead to a retest of the long-term demand zone between $1.58 and $1.27.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 90%

cointelegraph.com Mar 16, 2025 12:50

Libra, Melania creator’s ‘Wolf of Wall Street’ memecoin crashes 99% - The creator of the Libra (LIBRA) token has launched another memecoin with some of the same concerning onchain patterns that pointed to significant insider trading activity ahead of the coin’s 99% collapse.Hayden Davis, the co-creator of the Official Melania Meme (MELANIA) and the Libra token, has launched a new Solana-based memecoin, with an over 80% insider supply.Davis launched the Wolf (WOLF) memecoin on March 8, banking on rumors of Jordan Belfort, known as the Wolf of Wall Street, launching his own token.The token reached a peak $42 million market cap, however, 82% of the WOLF token’s supply was bundled under the same entity, according to a March 15 X post by Bubblemaps, which wrote:“The bubble map revealed something strange — $WOLF had the same pattern as $HOOD, a token launched by Hayden Davis. Was he behind this one too?”Source: BubblemapsThe blockchain analytics platform revealed transfers across 17 different addresses stemming back to address ‘OxcEAe’ owned by Davis.“He funded these wallets months before $LIBRA and $WOLF launched, moving money through 17 addresses and 2 chains,” Bubblemaps added.Source: BubblemapsThe Wolf memecoin lost over 99% of its value within two days, from the peak $42.9 million market capitalization on March 8 at 4:00 a.m. UTC, to just $570,000 at press time, Dexscreener data shows.WOLF/SOL, market cap, 1-hour chart. Source: DexscreenerDavies’ latest token launch comes weeks after the Libra token’s collapse where eight insider wallets cashed out $107 million in liquidity, leading to a $4 billion market cap wipeout within hours.The Libra token turned into a political issue, with Argentinian President Javier Milei risking impeachment after his endorsement of the Libra coin.Argentine lawyer Gregorio Dalbon has asked for an Interpol Red Notice to be issued for Davis citing a “procedural risk” if Davis remained free as he could have access to vast amounts of money that would allow him to either flee the US or go into hiding.Related: Milei-endorsed Libra token was ‘open secret’ in memecoin circles — JupiterMemecoins are turning into “retail value extraction tools”Memecoins are turning against crypto’s fundamental ethos of decentralization, becoming increasingly used to exploit retail investors amid the growing number of rug pulls, according to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum.“Memecoins have evolved from community-driven social experiments into a chaotic landscape dominated by value extraction from retail investors,” Plotnikova told Cointelegraph, adding:“Insider rings, pump-and-dump schemes, and sniper groups have replaced the organic, collectible nature of original memecoins, creating an unhealthy playing field.”Related: TRUMP, DOGE, BONK ETF approvals ‘more likely’ under new SEC leadershipInvestors will also need to distinguish between memecoins that can be seen as genuine “collectibles” and “outright fraudulent activities” like rug pulls which are “not only unethical but also clearly illegal, with case law to support enforcement.”“In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” she added.United States regulators are becoming increasingly aware of the growing memecoin scams.A New York lawmaker introduced a bill that would establish criminal penalties specifically aimed at preventing cryptocurrency fraud and protecting investors from rug pulls, Cointelegraph reported on March 6.Under the proposal, new criminal charges would be created for offenses involving “virtual token fraud,” explicitly targeting deceptive practices associated with cryptocurrencies.Magazine: Caitlyn Jenner memecoin ‘mastermind’s’ celebrity price list leaked

FOMO: 90%

cointelegraph.com Mar 10, 2025 12:31

Why is the crypto market down today? - The cryptocurrency market erased all gains from President Trump’s US Crypto Strategic Reserve announcement, plunging by over 14.7% in seven days to reach $2.7 trillion on March 10.Top cryptocurrencies and their 24-hour performances. Source: Coin360Several factors have contributed to the latest drop in crypto prices, including:Trump’s acknowledgement that his policies will cause short-term pain to the economy.Investors are risk-off amid the continued outflows from crypto investment products.TOTAL drops toward the technical target of a descending triangle.Trump acknowledges short-term pain for economyPresident Trump’s recent statements have cast a shadow over the crypto market, tempering the enthusiasm that followed his pro-crypto rhetoric earlier in 2025. Key points:Bitcoin (BTC) declined 4% in the last 24 hours.Ether (ETH) is down 3.2% over the last 24 hours to trade just above $2,000.Solana (SOL) and XRP (XRP) have also recorded losses, down 7.2% and 4.5%, respectively.Compounding the issue are the significant liquidations in the derivatives market. A total of $650.80 million in liquidations has been recorded in the past 24 hours.Long positions took the hardest hit, with $595.75 million liquidated.Crypto market liquidation heatmap. Source: CoinGlassBitcoin and Ethereum were the biggest casualties, with $264.22 million and $114.76 million in liquidations, respectively.When long positions are liquidated, traders’ holdings are automatically sold, increasing market supply and driving prices lower.More critically, US President Donald Trump acknowledged that markets could see short-term pain from his policies, including the trade tariffs on Canada, Mexico, and China and budget-cutting plans.“There could be a little disruption, said Trump in an interview with Fox News, adding:“If you look at China, they have a 100-year perspective… we go by quarters. What we’re doing is building a foundation for the future.”The market, which surged post-election on hopes of a deregulated, crypto-friendly administration, is now grappling with the reality that Trump’s broader economic agenda may introduce headwinds before any crypto-specific benefits materialize.Investors continue de-risking from crypto fundsThe crypto market’s ongoing correction aligns with the huge capital outflows from crypto investment products. Key takeaways:Digital asset investment products saw outflows for the fourth week in a row, totaling $876 million during the week ending March 7, as per CoinShares report.This brings outflows to $4.75 billion in the last four weeks, reducing the year-to-date inflows to $2.6 billion.This indicates institutional investors decreased their exposure to digital assets.Bitcoin saw the biggest share of outflows, totaling $756 million.Total assets under management have declined by $39 billion from their peak to the current value of $142 billion, the lowest point since mid-November 2024. Capital flows for crypto investment products. Source: CoinSharesCoinShares head of research James Butterfill attributed this to “negative sentiment,” suggesting “capitulation” among investors.“Although this indicates a slowdown in the pace of outflows, investor sentiment remains bearish. ”Additionally, the Crypto Fear & Greed Index plummeted to 10 on March 10, its lowest since July 2022, indicating “extreme fear.”The Crypto Fear & Greed Index. Source: Alternative.meTOTAL validates descending triangleFrom a technical perspective, today’s crypto market’s decline is part of a correction trend that saw TOTAL—the total market capitalization of all cryptocurrencies—drop below a descending triangle pattern.A descending triangle is a bearish continuation pattern, forming when the price makes lower highs while maintaining a flat support level at the bottom.The pattern is confirmed when the price breaks below the support level with high volume and drops by as much as the triangle’s maximum height.As of March 10, TOTAL had fallen to the pattern’s target of $2.6 trillion at the 50-weekly simple moving average (SMA).TOTAL/USD weekly chart. Source: Cointelegraph/TradingViewIf selling pressure persists, the 100–week SMA at $2 trillion could become the next downside target.Holding the 50-week SMA as support may strengthen the ongoing rebound toward the pattern’s lower trendline, aligning with the $3.1 trillion level.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 90%

cointelegraph.com Mar 18, 2025 05:20

LIBRA memecoin orchestrators named as defendants in US class-action suit - The Libra token scandal is set to be reviewed by the Supreme Court of New York after a newly filed class-action lawsuit accused its creators of misleading investors and siphoning over $100 million from one-sided liquidity pools.Burwick Law filed the suit on behalf of its clients against Kelsier Ventures, KIP Protocol and Meteora on March 17 for launching the Libra (LIBRA) token in a “deceptive, manipulative and fundamentally unfair” manner. The token was then promoted by Argentine President Javier Milei on X as an economic initiative to stimulate private-sector funding in the country.The law firm slammed the two crypto infrastructure and launchpad firms behind LIBRA — KIP and Meteora — claiming that they used a “predatory” one-sided liquidity pool to artificially inflate the memecoin’s price, allowing insiders to profit while “everyday buyers bore the losses.”Within hours, the insiders “rapidly siphoned approximately $107 million from the liquidity pools,” causing a 94% crash in LIBRA’s market value, Burwick Law said in a March 17 filing shared on X.Source: Burwick LawPresident Milei was mentioned in the lawsuit but wasn’t named a defendant.Burwick accused the defendants of leveraging Milei’s influence to aggressively promote the token, deliberately creating a false sense of legitimacy and misleading investors about its economic potential.Approximately 85% of LIBRA’s tokens were withheld at launch and the “predatory infrastructure techniques” allegedly used by the defendants weren’t disclosed to investors, Burwick said.“These tactics, combined with omissions about the true liquidity structures, deprived investors of material information.”Burwick is seeking compensatory and punitive damages, the disgorgement of “unjustly obtained” profits and injunctive relief to prevent further fraudulent token offerings.Related: Law firm demands Pump.fun remove over 200 memecoins using its IPData from blockchain research firm Nansen found that of the 15,430 largest Libra wallets it examined, over 86% of those sold at a loss, combining for $251 million in losses.Only 2,101 profitable wallets were able to take home a combined $180 million in profit, Nansen noted in a Feb. 19 report.The venture capital firm behind the LIBRA token, Kelsier Ventures, and its CEO, Hayden Davis, were apparently two of the biggest winners from the token launch. They claim to have netted around $100 million.Davis, who is now facing a potential Interpol red notice following an Argentine lawyer’s request, said on Feb. 17 that he didn’t directly own the tokens and wouldn’t sell them.Meanwhile, Milei has distanced himself from the memecoin, arguing he didn’t “promote” the LIBRA token — as fraud lawsuits filed against him have alleged — and instead merely “spread the word” about it.Argentina’s opposition party called for Milei’s impeachment but has had limited success thus far.Magazine: Meet lawyer Max Burwick — ‘The ambulance chaser of crypto’

FOMO: 90%

cointelegraph.com Mar 25, 2025 20:30

Bitcoin sellers lurk in $88K to $90K zone — Is this week’s BTC rally losing steam? - Many Bitcoin (BTC) traders became bullish this week as prices rallied deep into the $88,000 level, but failure to overcome this level in the short term could be a take-profit signal. Alphractal, a crypto analytics platform, noted that Bitcoin whales have entered short positions at the $88,000 level. In a recent X post, the platform highlighted that the “Whale Position Sentiment” metric exhibited a sharp reversal in the chart, indicating that major players with a bearish bias have stepped. The metric defines the relationship between the aggregated open interest and trades larger than $1 million across multiple exchanges.Bitcoin: Whale position sentiment. Source: XAs illustrated in the chart, the two circled regions are synonymous with Bitcoin price falling to the $88,000 level. Alphractal said, “When the Whale Position Sentiment starts to decline, even if the price temporarily rises, it is a strong signal that whales are entering short positions, which may lead to a price drop.”Alphractal CEO Joao Wedson also confirmed that whales had closed their long positions and that prices have historically moved according to their directional bias. Bitcoin: Bull score signals. Source: CryptoQuantSimilarly, 8 out of 10 onchain signals on CryptoQuant have turned bearish. As highlighted above, with the exception of the stablecoin liquidity and technical signal indicators, all the other metrics flash red, underlining the likelihood of a possible pullback in Bitcoin price. Last week, Ki Young Ju, CEO of CryptoQuant, noted that the markets were entering a bear market and that investors should expect “6-12 months of bearish or sideways price action.”Related: Will Bitcoin price hit $130K in 90 days? Yes, says one analystBitcoin outflows reach $424M in 7 daysWhile onchain metrics turned red, some investors exhibited confidence in Bitcoin. Data from IntoTheBlock highlighted net BTC outflows of $220 million from exchanges over the past 24 hours. The sum reached $424 million between March 18 to March 24. This trend implies that certain holders are accumulating. Bitcoin net outflows by IntoTheBlock. Source: XOn the lower time frame (LTF) chart, Bitcoin formed an intraday high at $88,752 on March 24, but since then, BTC has yet to establish a new intraday high. Bitcoin 4-hour chart. Source: Cointelegraph/TradingViewWith Bitcoin moving within the trendlines of an ascending channel pattern, it’s expected that the price will face resistance from the upper range of the pattern and 50-day, 100-day, exponential moving averages on the daily chart. With whales possibly shorting between $88,000 and $90,000, Bitcoin needs to close above $90,000 for a continued rally to $100,000. Related: Bitcoin sets sights on spoofy $90K resistance in new BTC price boostThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 85%

cointelegraph.com Mar 12, 2025 09:35

Is Bitcoin price going to crash again? - Bitcoin (BTC) tapped $83,700 during the early Asian hours on March 12 after reaching a low of $76,600 on March 11 amid a slight improvement in market sentiment. BTC/USD facing rejection from the $84,000 level raises questions about whether BTC price could drop further over the next few days.BTC/USD hourly chart. Source: Cointelegraph/TradingViewDemand for Bitcoin remains weakSpot Bitcoin exchange-traded funds (ETF) outflows have played a big role in the BTC price drop since late February, surpassing $1.5 billion over the last two weeks.Related: Why is Bitcoin price up today?Meanwhile, Bitcoin’s apparent demand remains low, implying a decline in risk appetite from potential investors, according to data from market intelligence firm CryptoQuant, What to know:Apparent demand is the difference between production and changes in inventory. Production refers to BTC mining issuance, while inventory refers to inactive supply for over a year.Apparent demand weakens if production exceeds inventory reduction.After a period of acceleration between November 2024 and December 2024, fueled by President Donald Trump’s victory, Bitcoin apparent demand dropped from 279,000 BTC on Dec. 4 to 10,000 on Feb. 26.On Feb. 27, the metric turned negative for the first time since September 2024.It currently stands at -93,700 BTC at the time of writing. If the trend continues, the price could dip lower, just as it happened in July 2024.The chart below shows that Bitcoin apparent demand was at similar levels on July 27, 2024, after which BTC price dropped a further 30% to $49,000 on Aug. 5, 2024.Bitcoin apparent demand. Source: CryptoQuantHowever, this metric does not always guarantee more downside in the future. For example, it was also negative in late May 2024 and late October 2024 before the price rallied 7% and 73%, respectively.Bitcoin valuation metrics hint at deeper correction Data from Cointelegraph Markets Pro and TradingView show Bitcoin price trading 7% above its four-month low of $76,600 reached on March 12. Despite this rebound, several valuation metrics are still leaning bearish, suggesting a deeper correction is possible, according to CryptoQuant.The Bitcoin bull-bear market cycle Indicator is at its “most bearish level of this cycle.The bull/bear market cycle indicator is a momentum metric that measures the difference between the P&L Index and its 365-day moving average.Values above 0 show that BTC is in a bull market, while values below 0 indicate a bear market.The current value of -0.067 is at the lowest level since May 2023, when Bitcoin’s price embarked on a sustained recovery.Bitcoin: Bull-bear market cycle indicator. Source: CryptoQuantMeanwhile, the MVRV ratio Z-score has crossed below its 365-day moving average, indicating that the upward price trend has lost momentum.The MVRV ratio Z-score is a key metric used to assess whether Bitcoin is overvalued or undervalued. “Historically, valuation metrics at these levels have signaled either a sharp correction or the start of a bear market.”Bitcoin price bear flag hints at $68,400From a technical perspective, BTC price is trading within a bearish continuation pattern that indicates a potential correction ahead.Key points:BTC is trading within a bear flag pattern, indicating the possibility of more downside if key support levels don’t hold.The bear flag developed after Bitcoin dropped from $92,000 to a local low of $76,600 between March 6 and 11.The consolidation within the bear flag has BTC trading in an ascending parallel channel, with today’s drop testing critical support levels, including the lower boundary of the flag at $82,000.BTC/USD four-hour chart. Source: Cointelegraph/TradingViewA breakdown of this level could trigger another price crash.The bear flag’s downside target, derived from the height of the previous drop, is approximately $68,400, representing a 17% drop from the current price.CryptoQuant analysts, meanwhile, say that if the current support zone between $75,000 and $78,000 doesn’t hold, Bitcoin could go even lower to $63,000.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 85%

news.bitcoin.com Mar 10, 2025 15:24

Bitcoin Dives to a $79,170 Low as Recession Fears Grip Investors - The price of bitcoin continues to tank, declining to a low of $79,170 per unit on Monday, March 10, 2025. The leading crypto asset is mirroring U.S. equities as recession anxieties ignite a widespread sell-off. Economic Jitters Drive Bitcoin Lower Bitcoin (BTC) has lost an additional 5.2% against the U.S. dollar on Monday following a […]

FOMO: 85%

cointelegraph.com Mar 11, 2025 06:16

Solana revenue slumps 93% from January high after memecoin bubble bursts - Solana network revenue and total value locked onchain have collapsed in the past two months as interest in memecoins has continued to taper off. Weekly network revenue on the Solana blockchain hit a record high of $55.3 million in mid-January amid the height of the memecoin minting frenzy. However, revenue has since tanked 93% to around $4 million in the past week, back to levels not seen since September, according to DeFillama data. Solana weekly decentralized application (DApp) revenue has also slumped around 86% from $238 million in mid-January to $32 million for the past week. Meanwhile, DeFi total value locked on Solana has also declined by almost 50% over the same period, falling from a January high of just over $12 billion to current levels of around $6.4 billion. Solana weekly revenue and TVL. Source: DeFillamaMemecoin trading, primarily on the Pump.fun platform comprises roughly 80% of the Solana blockchain’s revenues, according to a March 5 report by VanEck. Pump.fun daily revenue hit a peak of $15 million in late January but has since slumped by around 95% to $800,000 on March 7, according to data from Dune Analytics. Memecoin mania peaked when Donald Trump launched his own namesake token (TRUMP) on Jan. 18, shortly followed by his wife, Melania, who launched MELANIA on Jan. 20.“The launch of TRUMP and MELANIA marked the top for memecoins as it sucked liquidity and attention out of all the other cryptocurrencies,” said CoinGecko founder Bobby Ong on March 6. Both tokens surged following their launches but dumped in the days that followed. TRUMP is currently down 86% from its peak, trading at $10.50, while MELANIA has collapsed 95% in just seven weeks to $0.71.Related: Solana down 45% since Trump token launch as memecoins divert liquidityMemecoin market cap hit a peak of $137 billion in December but has since tanked 68% to $44 billion, according to CoinMarketCap. Memecoin market cap meltdown. Source: CoinMarketCapSolana (SOL) prices have also taken a battering over the past few weeks, resulting in a 58% fall from their mid-January all-time high of $293. The asset was down a further 5% on the day, trading at $122 at the time of writing. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest

FOMO: 85%

cointelegraph.com Mar 18, 2025 18:26

Ethereum price in ‘cursed’ downtrend which could continue well into 2025 — Analyst - Ethereum’s native token, Ether (ETH), has ventured into oversold territory multiple times against Bitcoin (BTC) in recent months, but the altcoin has yet to show any signs of finding a price bottom. The trading situation is actually quite similar to a previous scenario, and ETH’s market structure suggests that it could repeat itself in Q2 to Q3 of this year.Ether’s repeat breakdowns point to more downsideThe relative strength index (RSI) on ETH’s 3-day timeframe remains below 30, a level that typically signals a potential bounce. However, historical patterns show that previous dips into oversold conditions have failed to mark a definitive bottom. Each instance has been followed by another leg lower, reflecting persistent bearish momentum.ETH/BTC three-day price chart. Source: TradingViewSince mid-2024, the ETH/BTC pair has undergone repeat breakdowns, with losses of around 13%, 21%, 25%, and 19.5% occurring in rapid succession. Moreover, the 50-day and 200-day EMAs are trending lower, confirming the lack of bullish strength.X-based market analyst @CarpeNoctom highlighted ETH’s negative price performance, noting that the ETH/BTC pair has failed to confirm a bullish divergence—when the price makes lower lows but the RSI makes higher lows—on its weekly chart.ETH/BTC weekly price chart. Source: TradingView/CryptoNoctomETH ETF outflows and onchain data hint at further weaknessThe “cursed” ETH/BTC downtrend stands out when compared to the broader crypto market. This includes persistent outflows witnessed across the US-based spot ETH ETFs, as well as negative onchain data.The net flows into the spot Ether ETFs have dropped 9.8% in March to $2.54 billion. In comparison, the spot Bitcoin ETF net flows are down 2.35% in the same period to $35.74 billion.Source: Ted PillowsMeanwhile, Ethereum’s gas fees—measured by daily median gas consumption on mainnet—were sitting around 1.12 GWEI as of March, down by nearly 50 times what they were just a year ago.Ethereum median gas fees vs. ETH price (in dollar terms). Source: Nansen“Despite the second rally of ETH price into 2024 year end, activity on mainnet as measured by gas consumption never fully recovered,” data analytics platform Nansen wrote in its latest report, adding: “This is downstream of a few things but much of the activity has shifted to Solana and L2s over 2024.”Nansen argued that they remain cautiously bearish on ETH due to its unfavorable risk/reward ratio compared to BTC and lower-valued altcoins with niche market focus.A lack of demand for ETH relative to Bitcoin is further visible in its future volume data. Notably, Bitcoin futures volume has rebounded 32% from its Feb. 23 lows, reaching $57 billion on March 18. In comparison, ETH’s trading activity remains mostly flat, according to onchain data platform Glassnode. Bitcoin, Ethereum, and Solana futures volume. Source: GlassnodeThe ETH/BTC pair could drop another 15%ETH/BTC pair is forming a bear pennant pattern on the daily chart, characterized by a period of consolidation within converging trendlines forming after a steep decline.Related: Standard Chartered drops 2025 ETH price estimate by 60% to $4KA bear pennant technically resolves when the price drops below the lower trendline and falls by as much as the previous downtrend’s height. Applying the same rule on ETH/BTC brings its downside target for April to 0.01968 BTC, down 15% from the current levels.ETH/BTC daily price chart. Source: TradingViewFurthermore, the 50-day and 200-day EMAs remain in a sharp downward trajectory, with the ETH/BTC pair trading far below these key levels, signaling a persistent bear market structure.Despite the looming downside risk, a bullish invalidation could occur if ETH/BTC breaks above the pennant’s upper resistance and flips the 50-day EMA into support.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 85%

cointelegraph.com Mar 11, 2025 13:23

Ether risks $1.8K correction as ETF outflows, tariff fears continue - Ether is struggling to reverse a near three-month downtrend as macroeconomic concerns and continued selling pressure from US Ether exchange-traded funds (ETFs) weigh on investor sentiment.Ether (ETH) has fallen by more than 53% since it began its downtrend on Dec. 16, 2024, when it peaked above $4,100, TradingView data shows.The downtrend has been fueled by global uncertainty around US import tariffs triggering trade war concerns and a lack of builder activity on the Ethereum network, according to Bifinex analysts.ETH/USD, 1-day chart, downtrend. Source: Cointelegraph/ TradingView “A lack of new projects or builders moving to ETH, primarily due to high operating fees, is likely the principal reason behind the lackluster performance of ETH. [...] We believe that for ETH, $1,800 will be a strong level to watch,” the analysts told Cointelegraph. “However, the current sell-off is not being seen solely in ETH, we have seen a marketwide correction as fears over the impact of tariffs hit all risk assets,” they added.Related: Bitcoin reserve backlash signals unrealistic industry expectationsCrypto investors are also wary of an early bear market cycle that could break from the traditional four-year crypto market pattern.Bitcoin (BTC) is at risk of falling to $70,000 as cryptocurrencies and global financial markets undergo a “macro correction” while remaining in a bull market cycle, said Aurelie Barthere, principal research analyst at blockchain analytics firm Nansen.Related: Deutsche Boerse to launch Bitcoin, Ether institutional custody: ReportEther price limited by ETF outflowsAdding to Ethereum’s challenges, continued outflows from Ether ETFs are limiting the asset’s price recovery, according to Stella Zlatareva, dispatch editor at digital asset investment platform Nexo:“ETH’s 20% decline last week pushed its price below the key $2,200 trendline that had supported its bull market recovery since 2022. The modest price action may be attributed, as with Bitcoin, to ETFs.”US spot Ether ETFs have entered their fourth week of consecutive net negative outflows, after seeing over $119 million worth of cumulative outflows during the previous week, Sosovalue data shows.Total spot Ether ETF net inflow. Source: SosovalueStill, some notable institutional crypto market participants remain optimistic about Ether’s price for 2025. VanEck predicted a $6,000 cycle top for Ether’s price and a $180,000 Bitcoin price during 2025.Magazine: Ethereum L2s will be interoperable ‘within months’: Complete guide

FOMO: 85%

news.bitcoin.com Mar 11, 2025 12:30

Sentiment Shock: Investor Fear Erases $5.5 Trillion as Stock and Crypto Markets Collapse - According to analysis by The Kobeissi Letter, a rapid shift from extreme greed to extreme fear among investors—not the U.S.-China trade war—has driven a historic $5.5 trillion collapse in global markets since mid-February. Risk Aversion, Not Tariffs, Drives Historic $5.5 Trillion Market Crash The S&P 500 and cryptocurrency markets have collectively lost $5.5 trillion in […]

FOMO: 85%

cointelegraph.com Mar 14, 2025 13:22

Bitcoin-to-gold ratio breaks 12-year support as gold price hits a record $3K - Bitcoin (BTC) breached a rising support trendline against gold (XAU), which has been intact for over 12 years, on March 14. XAU/BTC ratio weekly performance chart. Source: TradingView/NorthStarPopular analyst NorthStar says this breakdown could spell the end of Bitcoin’s 12-year bull run if it stays under the gold trendline for even a week or—worse—a month. Is Bitcoin’s bull market over? Let’s take a closer look at BTC’s correlation with gold. Gold hits new record high as Bitcoin’s uptrend coolsThe BTC/XAU ratio breakdown occurred as spot gold rates hit a new record high above $3,000 per ounce on March 14, after rising by about 12.80% year-to-date. In contrast, Bitcoin, which is often called “digital gold,” has dropped by 11% so far in 2025.BTC/USD vs. XAU/USD YTD performance chart. Source: TradingViewThe performances reflect the contrasting net flows into US-based spot exchange-traded funds (ETF) tracking Bitcoin and gold.For instance, as of March 14, the US-based spot gold ETFs had collectively attracted over $6.48 billion YTD, according to data resource World Gold Council. Globally, gold ETFs have seen $23.18 billion in inflows.Gold ETFs weekly holdings by region. Source: GoldHub.comOn the other hand, US-based spot Bitcoin ETFs saw nearly $1.46 billion in outflows YTD, according to onchain data platform Glassnode. US Bitcoin ETFs year-to-date net flows. Source: Glassnode The driving force behind this divergence lies in growing macroeconomic uncertainty and risk-off sentiment, exacerbated by President Donald Trump’s aggressive trade policies. Related: Bitcoin panic selling costs new investors $100M in 6 weeks — ResearchNew tariffs on China, Mexico, and Canada have heightened fears of a global economic slowdown, pushing investors toward traditional safe-haven assets like gold. Meanwhile, central banks, including those in the US, China, and the UK, have accelerated their gold purchases, further boosting gold prices. Countries that acquired the most gold so far in 2025. Source: GoldHub.comIn contrast, Bitcoin is mirroring the broader risk-on market. As of March 14, its 52-week correlation coefficient with the Nasdaq Composite index was 0.76.BTC/USD vs. Nasdaq Composite 52-week correlation coefficient chart. Source: TradingViewHas Bitcoin price topped?The current Bitcoin-to-gold breakdown aligns with historical patterns, particularly the March 2021–March 2022 fractal, which preceded the last bear market.At that time, the BTC/XAU ratio exhibited a bearish divergence, characterized by rising prices juxtaposed against a declining relative strength index (RSI). This pattern suggested diminishing upward momentum.BTC/XAU ratio two-week performance chart. Source: TradingViewConsequently, the ratio initially retreated toward the 50-period, two-week exponential moving average (EMA) support level before ultimately plummeting by 60%.That BTC/XAU breakdown period coincided with Bitcoin’s 68% correction against the US dollar.BTC/USD two-week performance chart. Source: TradingViewBTC/XAU has once again completed a two-phase EMA retest, echoing the 2021–2022 fractal. BTC/USD two-week performance chart (zoomed). Source: TradingViewWith the RSI showing bearish divergence, momentum appears to be fading, increasing the probability of further declines, especially if the ratio drops decisively below the 50-2W EMA support (~26 XAU).As a result, it could also indicate Bitcoin’s increased vulnerability to price declines in dollar terms, with the 50-2W EMA below $65,000 acting as the next potential downside target.BTC/USD 2W price performance chart. Source: TradingViewThat is down about 40% from Bitcoin’s record high of around $110,000 established in January. Still, Nansen analysts consider such a decline as a “correction within a bull market,” raising possibilities of a bullish revival if the 50-2W EMA holds as support. However, a definitive break below the EMA could thrust Bitcoin into bear market territory. That could drag Bitcoin’s 2025 downside target toward the 200-period two-week EMA (the blue wave) to as low as $34,850 if this Bitcoin-gold fractal repeats. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 85%

cointelegraph.com Mar 16, 2025 13:38

Bitcoin whale bets $368M with 40x leverage on BTC decline ahead of FOMC - A Bitcoin whale is wagering hundreds of millions on Bitcoin’s short-term decline, ahead of a week filled with key economic reports that may significantly impact Bitcoin’s price trajectory and risk appetite among investors.A large crypto investor, or whale, has opened a 40x leveraged short position for over 4,442 Bitcoin (BTC) worth over $368 million, which functions as a de facto bet on Bitcoin’s price fall.Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier compared to regular investment positions.The Bitcoin whale opened the $368 million position at $84,043 and faces liquidation if Bitcoin’s price surpasses $85,592.Source: HypurrscanThe investor has generated over $2 million in unrealized profit, however, he has an over $200,000 loss on his position’s funding fees, Hypurrscan data shows.Despite the heightened risk of leveraged trading, some crypto investors are making significant profits with this strategy. Earlier in March, a savvy trader gained $68 million on a 50x leveraged short position, banking on Ether’s (ETH) 11% price decline.The leveraged bet comes ahead of a week of numerous significant macroeconomic releases, including the upcoming Federal Open Market Committee (FOMC) meeting on March 19, which may impact investor appetite for risk assets such as Bitcoin.Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspensionBitcoin needs weekly close above $81k to avoid pre-FOMC downside: analystsBitcoin price continues to risk significant downside volatility due to growing macroeconomic uncertainty around global trade tariffs.To avoid downside volatility ahead of the FOMC meeting, Bitcoin will need a weekly close above $81,000, according to Ryan Lee, chief analyst at Bitget Research,The analyst told Cointelegraph:“The key level to watch for the weekly close is $81,000 range, holding above that would signal resilience, but if we see a drop below $76,000, it could invite more short-term selling pressure.”Related: Bitcoin experiencing ‘shakeout,’ not end of 4-year cycle: AnalystsThe analyst’s comments come days ahead of the next FOMC meeting scheduled for March 19. Markets are currently pricing in a 98% chance that the Fed will keep interest rates steady, according to the latest estimates of the CME Group’s FedWatch tool.Source: CME Group’s FedWatch tool“The market largely expects the Fed to hold rates steady, but any unexpected hawkish signals could put pressure on Bitcoin and other risk assets,” added the analyst.Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – Mar. 1

FOMO: 85%