FomoScope - Crypto FOMO Detection & Analysis

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%

cryptopolitan.com Mar 25, 2025 08:00

Whales shorted Bitcoin (BTC) at $88,000, signaling another downturn - Bitcoin (BTC) was shorted by whales at $88,000, potentially triggering a downturn to the $86,000 level.

BTC

FOMO: 85%

cointelegraph.com Mar 19, 2025 06:05

Bakkt stock tumbles nearly 30% after losing Bank of America and Webull - Crypto firm Bakkt’s share price has closed March 18 trading down over 27% after it disclosed that two of it biggest clients, the Bank of America and Webull, won’t renew commercial agreements. In a March 17 regulatory filing, Bakkt said it had received notice of Bank of America not renewing its commercial agreement when the deal expires on April 22. It also disclosed that the brokerage platform Webull had also decided not to renew its agreement when it ends on June 14. Bank of America represented 17% of Bakkt’s loyalty services revenue in the nine months ending Sept. 30, 2024, according to the filing. Webull represented 74% of the company’s crypto services revenue across the same period. Stocks in Bakkt (BKKT) tumbled on March 18 after the filing, and its share price closed the day down 27.28% at $9.33. BKKT saw a further decline of 2.25% to $9.12 after the bell, according to Google Finance. Bank of America and Webull won’t renew agreements with Bakkt, which saw its stock sell-off. Source: Google FinanceOverall, the stock is down over 96% from its all-time high of $1063, which it hit on Oct. 29, 2021. Bakkt has also postponed its previously announced earnings conference twice, with the latest rescheduling slating the call for March 19. Bakkt was founded in 2018 by the Intercontinental Exchange, which holds a 55% stake and also owns the New York Stock Exchange (NYSE).Related: Bakkt declares $780M full-year revenue in 2023 earnings reportAt least one law firm, the Law Offices of Howard G. Smith, announced a possible class action against Bakkt, alleging federal securities violations. The potential lawsuit claims that the terminated agreements with Bank of America and Webull, combined with the rescheduled earnings call, caused Bakkt’s stock price to fall, “thereby injuring investors.” Bakkt, Bank of America and Webull didn’t immediately respond to requests for comment. In November last year, Bakkt’s share price jumped over 162% to $29.71 and continued to climb 16.4% to $34.59 after a report claimed Donald Trump’s media company was in advanced talks to acquire the firm. Before that, Bakkt’s parent company considered selling it or breaking the firm into smaller entities in June, according to a Bloomberg report. It also received a notification from the NYSE in March that it wasn’t in compliance with the stock exchange’s listing rules after its stock spent 30 days closing below $1 on average.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

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 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 17, 2025 09:21

Wemix denies cover-up amid delayed $6.2M bridge hack announcement - Wemix Foundation CEO Kim Seok-hwan said they had no intention of concealing a hack on its bridge, which led to over $6 million in losses.In a press conference, Kim reportedly said there was no attempt to cover up the incident, even though the audience pointed out the announcement was delayed.On Feb. 28, over 8.6 million WEMIX tokens were withdrawn due to an attack on the platform’s Play Bridge Vault, which transfers WEMIX to other blockchain networks. The company only made an official announcement four days after the attack. According to Kim, the announcement was delayed due to the possibility of further attacks and to avoid causing panic in the market because of the stolen assets. Related: Bank of Korea to take ‘cautious approach’ to Bitcoin reserveWemix CEO outlines risks of premature announcementWemix said the hacker broke into their system by stealing the authentication key for the company’s service monitoring system of Nile, its non-fungible token (NFT) platform. After the theft, the hacker spent two months preparing before randomly creating abnormal transactions. The hackers attempted to withdraw 15 times but only succeeded with 13 withdrawals, taking away 8.6 million WEMIX tokens and selling them in exchanges outside South Korea. Kim explained that upon becoming aware of the hack, they immediately shut down their servers and began their analysis.The executive added that they filed a complaint against the unidentified hacker with the Cyber Investigation Team of the Seoul National Police Agency. The Wemix CEO said the authorities had already started investigating the matter. Kim said that there was a risk in making a premature announcement. The CEO said that in a situation where the penetration method was not identified, they could be exposed to further attacks. Kim also reiterated that the market had already seen some impact from the sold assets, and they would risk panic selling if they announced it immediately. During the press release, the executive apologized to Wemix investors, saying that the disclosure delay was his call and that he should be held responsible if anything goes wrong. WEMIX token drops 39% amid hack announcementDespite the attempt to avoid causing market panic, the WEMIX token dropped by nearly 40% from the day of the exploit to March 4, when the company finally announced the hack. The price went from $0.70 on Feb. 27 to a low of $0.52 on Feb. 28. The price went down to $0.42 on March 4. At the time of writing, the crypto asset trades at $0.58, which is still 17% below its pre-hack price. WEMIX token price chart. Source: CoinGeckoMagazine: Ridiculous ‘Chinese Mint’ crypto scam, Japan dives into stablecoins: Asia Express

FOMO: 85%

cointelegraph.com Mar 17, 2025 08:08

Why is Solana (SOL) price down today? - Solana (SOL) has dropped by 6.5% in the last 24 hours to reach around $127 on March 17, mirroring losses across the cryptocurrency market.SOL/USD daily chart. Source: Cointelegraph/TradingViewThe top reasons driving the SOL prices lower today include:Decreasing investor interest in SOL’s decentralized finance (DeFi) ecosystem.Decreasing open interest and negative funding rates.Technicals suggest a possible further drop in SOL price.Solana TVL hits four-month lowsSOL’s price drop today is preceded by a drop in the total value locked (TVL) in its DeFi applications, as per data from DefiLlama. Key points:Solana’s TVL has been in a downtrend since mid-January. This metric fell by 45.5% from $12.1 billion on Jan. 19 to $6.63 billion on March 11.The TVL now stands at $7 billion on March 17, 41% below the Jan. 19 peak.Solana total value locked. Source: DefiLlamaThis drop in TVL occurred in tandem with the decrease in SOL’s price, which is down 56% over the same period.Several layer-2 protocols, such as Jito and Raydium, have posted 30% and 32% drops in TVL over the last 30 days.The declining TVL reflects traders’ waning interest and could be a sign that Solana struggles to attract new users despite its lower traction costs.Solana’s price slump is also supported by a decline in onchain activity within the Solana ecosystem, according to the data provided by Dune dashboard Pump.fun. What to know:A sharp drop in the number of network transactions preceded SOL’s price drop on March 17.The amount of daily transactions on the Solana blockchain has dropped from an all-time high of 71,738 on Jan. 23 to 24.505 on March 17, as shown in the chart below.Solana’s deployed transactions performance chart. Source: Pump.FunThis indicates decreasing network activity, resulting in lower revenues from fees. This negatively affects SOL’s price, partially explaining the ongoing correction.Solana funding rates remain negativeSolanas open interest (OI) is decreasing, and its funding rates are negative, which provides insight into why SOL’s price is struggling.Key points:Solana’s OI in the futures market has dripped from its local peak of $8.57 billion on Jan. 17 to $4.03 billion as of March 17.OI measures the total number of outstanding futures contracts, and a decrease suggests more traders are exiting positions.SOL futures open interest. Source: CoinGlassA declining OI typically means reduced speculative demand, slowing upward price momentum.SOL’s weekly funding rates remain negative at -0.10% on March 17, four months after peaking out at 1.37%.SOL OI-Weighted Funding Rate. Source: CoinGlassNegative funding means shorts are paying longs to keep their positions open.OI decline and negative funding rates show a lack of confidence in SOL’s short-term price action.Related: Solana’s 5th birthday: From pandemic origins to US crypto stockpileSOL price could drop another 35%SOL trades 56% below its all-time high of around $294, established on Jan. 19, and chart technicals suggest that there’s more room for the downside over the next few weeks.Key levels to watch:The altcoin has been trading above the $120 level, but the bulls have failed to push the price above $135.If the price slides below $120, the SOL/USDT pair could drop to the $110 range low (established on Aug. 5, 2025). This is a critical support to watch out for because a break and close below it may start a downward move to $100 and then to $80.Such a move would represent a 35% drop from the current price.SOL/USD daily chart. Source: Cointelegraph/TradingViewHowever, a positive divergence from the RSI shows that bulls have been accumulating SOL at lower levels.A break and close above the $140 psychological level will suggest that the selling pressure is reducing. The pair could rally to the 50-day simple moving average at $171, where the bears are expected to mount a strong defense.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%

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%

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 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 14, 2025 09:29

Bitcoin panic selling costs new investors $100M in 6 weeks — Research - Bitcoin (BTC) speculators have secured losses of over $100 million in just six weeks thanks to panic selling, new research calculates.Data from onchain analytics platform CryptoQuant reveals the true extent of recent capitulation by short-term holders (STHs).Bitcoin speculators run to the exit “in the red”Bitcoin entities hodling coins between one and three months bore the brunt of a brutal bull market drawdown — and many did not stay the course.CryptoQuant suggests that this section of the overall STH investor cohort, defined as those buying up to six months ago, is around $100 million out of pocket.“This represents a significant reduction in the value of Bitcoin held by this cohort, who are now underwater as many bought at higher prices and are exiting with losses,” contributor Onchained wrote in one of its “Quicktake” blog posts on March 13.Onchained referenced the market cap and realized cap of the relevant entities, corresponding to the current value of the BTC they own versus the price at which they last moved onchain.“The market capitalization (MC) of their holdings is now lower than the realized capitalization (RC), signaling that these holders are locking in realized losses,” the post continues. “This behavior is contributing to increased selling pressure and could lead to further downward price action in the short term.”Bitcoin 1-3 month investor market cap, realized cap (screenshot). Source: CryptoQuantAn accompanying chart shows a dramatic negative weekly change in the realized cap on a scale not seen in many months.The cohort’s net unrealized profit/loss (NUPL) score, currently at -0.19, likewise suggests more coins being held “underwater” than at any time over the past year.Bitcoin 1-3 month investor NUPL. Source: CryptoQuantBTC price drawdown belies “broader bearish phase”February marks just the latest trial for recent Bitcoin buyers, with BTC/USD losing up to 30% versus its latest all-time highs seen in mid-January.Related: Bitcoin price drops 2% as falling inflation boosts US trade war fearsAs Cointelegraph reported, sudden corrections have tended to cost speculative investors heavily, with loss-making sales commonplace as fear and panic set in.Large-volume entities, meanwhile, are increasingly ignoring short-term BTC price fluctuations to add exposure at levels around $80,000.In its latest weekly report seen by Cointelegraph on March 12, CryptoQuant warned that the current correction may be more tenacious than it appears on the surface.“Historically, bull market corrections tend to be short-lived and followed by strong recoveries, but current on-chain indicators point to a potential structural shift that could preclude a broader bearish phase,” it summarized.Bitcoin price drawdowns by year. Source: CryptoQuantThis 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 13, 2025 06:25

Ethereum falling knife warning: Is another 30% crash versus Bitcoin coming? - Ethereum’s native token, Ether (ETH), has dropped to its multi-year lows against Bitcoin (BTC), prompting analysts to predict further declines in the coming weeks.Falling knife warning furthers sell-off risks On March 13, ETH/BTC—a pair that tracks Ether’s strength against Bitcoin—dropped by over 1.50% to reach $0.022, its lowest level since May 2020.ETH’s descent is part of its multi-year downtrend that started when it established a record high of $0.156 in June 2017. Since then, it has plunged by more than 85%, underscoring Ether’s growing weakness against Bitcoin.Meanwhile, on the two-week ETH/BTC chart, the relative strength index (RSI), a momentum indicator used to measure whether an asset is overbought or oversold, has fallen to a record low of 23.32.ETH/BTC two-week price chart. Source: TradingViewTypically, when RSI drops below 30, it signals oversold conditions, potentially leading to a price rebound. However, in Ethereum’s case, RSI has continued to plunge even lower even two months after becoming oversold, suggesting that ETH’s downtrend is still accelerating rather than stabilizing.Crypto analyst Alessandro Ottaviani has described the situation as a “falling knife” scenario—a term used to describe an asset that is experiencing a rapid and steep decline, often discouraging buyers from stepping in too soon. A falling knife implies that attempting to catch the asset at a perceived low could lead to further losses if the downtrend persists.For Ethereum to signal a potential reversal, traders will be watching for RSI stabilization and reclaim of key resistance levels. That ideally begins with a rebound from the 0.022 BTC level, which had limited ETH/BTC’s downside attempts in December 2020, leading to a 300% rally.ETH/BTC weekly price chart. Source: TradingViewShould a rebound happen, the ETH/BTC pair can rally toward its 0.382 Fibonacci retracement line at around 0.038 BTC, aligning with the 50-week exponential moving average (50-week EMA; the red wave).Until then, the technical outlook suggests that ETH/BTC could remain trapped in its falling knife trajectory, with the next potential downside targets at historical support levels inside the 0.020-0.016 BTC range.ETH/BTC two-week price chart. Source: TradingViewThe lowest point of this range is approximately 30% below the current price levels.ETH/BTC fundamentals support a bearish outlookEther’s prospects of declining further against Bitcoin are rooted in factors beyond technical analysis. For instance, Ethereum currently faces strong competition from rival layer-1 blockchains, namely Solana (SOL). Related: The worst thing that happened to Ethereum — Bitcoin up 160% since the MergeVanEck noted that Solana’s decentralized exchange volume has surpassed Ethereum’s even during a steep dropoff in memecoin trading activity. Meanwhile, Solana’s volume has risen consistently in recent months, which coincides with a decline in Ethereum’s volumes.Solana vs. Ethereum DEX volumes. Source: VanEckFurthermore, the launch of spot Bitcoin ETFs has fundamentally altered the traditional crypto market cycle that used to benefit Ethereum and other altcoins.Historically, after Bitcoin surged post-halving, capital rotated into altcoins, triggering an “altseason” where ETH and other assets outperformed BTC. However, the $129 billion inflows into Bitcoin ETFs in 2024 have disrupted this cycle, draining liquidity from the broader altcoin market—including Ethereum.Bitcoin Dominance Index weekly price chart. Source: TradingViewAnother factor is Ethereum-specific selling pressure. The recent Bybit hack reportedly led to substantial ETH liquidations, with some of that value laundered via decentralized platforms like Thorchain. This absorbed sell-off may still be rippling through the market, depressing ETH’s relative value.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 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%

cointelegraph.com Mar 12, 2025 06:01

Bitcoin high-entry buyers are driving sell pressure, price may ‘floor’ at $70K - Bitcoin buyers who purchased around when it hit a $109,000 all-time peak in January are now panic-selling as the cryptocurrency declines, says onchain analytics firm Glassnode, which isn’t ruling out that Bitcoin could slide to $70,000.Glassnode said in a March 11 markets report that a recent sell-off by top buyers has driven “intense loss realization and a moderate capitulation event.”Short-term holders fled as Bitcoin dropped from peakThe surge in buyers paying higher prices for Bitcoin (BTC) in recent months is reflected in the short-term holder realized price — the average purchase price for those holding Bitcoin for less than 155 days.In October, the short-term realized price was $62,000. At the time of publication, it’s $91,362 — up about 47% in five months, according to Bitbo data.Meanwhile, Bitcoin is trading at $81,930 at the time of publication, according to CoinMarketCap. This leaves the average short-term holder with an unrealized loss of roughly 10.6%.Bitcoin is down 5.90% over the past seven days. Source: CoinMarketCapGlassnode said that short-term holders’ realized price shows it is apparent that “market momentum and capital flows have turned negative, signaling a decline in demand strength.” “Investor uncertainty is affecting sentiment and confidence,” it added.Glassnode said that short-term holders are “deeply underwater” between $71,300 and $91,900 and warns that Bitcoin could bottom out as low as $70,000 if selling persists.“The probability of forming a temporary floor in this zone is meaningful, at least in the near term,” Glassnode said.Bitcoin short-term holders are “deeply underwater” between $71,300 and $91,900. Source: GlassnodeMarket research firm 10x Research labeled it a “textbook correction” in a March 10 note, adding that with Bitcoin’s dip below $80,000, “approximately 70% of all selling came from investors who bought within the last three months.”Related: Bitcoin slides another 3% — Is BTC price headed for $69K next?On the same day, BitMEX co-founder Arthur Hayes said that Bitcoin may retest the $78,000 price level and, if that fails, may head to $75,000 next.Glassnode explained that a similar sell-off Bitcoin pattern was seen in August when Bitcoin fell from $68,000 to around $49,000 amid fears of a recession, poor employment data in the United States, and sluggish growth among leading tech stocks.However, Bitcoin has spiked 7.5% over the past 24 hours as the US market steaded on March 11 after plunging a day earlier after US President Donald Trump refused to rule out that a recession was on the cards.Magazine:The Sandbox’s Sebastien Borget cringes at the word ‘influencer’: X Hall of FlameThis 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%