coineagle

[coineagle]

Forecasting $130K Bitcoin: Identifying Trends from 2023 & 2024 Predictions

Key Points

Bitcoin is in its third corrective phase since 2023, potentially setting up for a significant increase.

A breakout above $100K could instigate Bitcoin’s next parabolic surge, possibly reaching $130K.

Bitcoin’s price action has always intrigued traders and investors due to its cyclical patterns.

Since the beginning of its bullish rally in early 2023, Bitcoin has entered its third corrective phase, mirroring the pullbacks observed in the summers of 2023 and 2024.

Historical Patterns and Predictions

Historically, these corrections have followed a foreseeable pattern, influenced by shifts in crucial market metrics.

If the past is to be repeated, Bitcoin could stay within the $80K to $100K range for the next two to three months. A decisive breakout above $100K could indicate the end of this correction and the start of another parabolic surge.

The Nature of Bitcoin’s Bullish Cycles

A bullish cycle of Bitcoin follows a repetitive pattern: rapid expansion phases, followed by multi-month consolidations.

These corrective periods, while often perceived as short-term declines, serve as necessary resets, allowing markets to digest gains before continuation.

The current bullish trend, which started in early 2023, has already experienced two extended correction phases. The first one happened in the summer of 2023 and the second in mid-2024.

Both lasted roughly six months, with price action consolidating before Bitcoin resumed its upward trajectory.

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The Fall of Bitcoin’s Reign: Are Altcoins Poised for a Breakthrough?

Key Points

Bitcoin’s dominance fell below 50% after Trump included altcoins in the U.S. “Crypto Strategic Reserve”.

Despite Bitcoin’s rally, the market saw increased capital rotation into altcoins.

The crypto market cap experienced a surge of 8%, reclaiming the $3 trillion mark. This was spurred by Bitcoin (BTC) surpassing the $90K mark following Trump’s confirmation of a Bitcoin Strategic Reserve.

However, Bitcoin’s dominance (BTC.D) saw a drop from 55.4% to below 50%. This signifies an increased capital rotation into altcoins. Historically, such declines in BTC.D have been followed by expansions in the altcoin market.

Altcoins Included in U.S. “Crypto Strategic Reserve”

Trump’s announcement that the U.S. “Crypto Strategic Reserve” would include Ripple [XRP], Solana [SOL], and Cardano [ADA] resulted in a sharp rally in these assets. Investors swiftly repositioned their portfolios in response.

However, this inclusion of altcoins was met with criticism. Detractors argued that Bitcoin should be the only asset in a strategic reserve. Trump later clarified on Truth Social that Bitcoin and Ethereum (ETH) would be the core holdings of the reserve.

Market Volatility and Capital Inflows

Despite this clarification, high-cap altcoins experienced significant volatility and capital inflows. BTC surged 9.44%, marking its longest green candlestick since the post-election rally. XRP gained 34.13%, while ADA posted an unprecedented 72.15% single-day increase, reclaiming the $1 level.

However, Bitcoin’s dominance quickly rebounded after its initial decline. At press time, BTC.D stood at 61.44%, as XRP, ADA, SOL, and other high-cap altcoins retraced over 10%. They failed to confirm resistance flips into support on higher timeframes.

Currently, BTC remains above $90K, correcting only 2% from its intraday high. However, a decisive bullish breakout is yet to be confirmed. With profit-taking accelerating in high-cap altcoins, Bitcoin stands to benefit from renewed capital inflows, as reflected in the rising BTC dominance.

The market remained divided after the highly anticipated executive approval of Strategic Reserves. Speculation around the inclusion of altcoins intensified, with analysts debating whether it was a strategic liquidity maneuver or an attempt to influence market structure.

However, BTC remains exposed to volatility and must hold above the $88K support level in the coming days to confirm market strength.

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Can BTC’s Future Price Be Shaped by Bitcoin Exchange Flows?

Key Points

Bitcoin’s price recovery was influenced by significant exchange outflows reducing selling pressure.

The number of new Bitcoin addresses has surged, indicating growing retail interest.

Bitcoin’s price fluctuations have been in the spotlight lately, with the cryptocurrency witnessing a notable fall and subsequent rebound.

This price movement was influenced by news about a new U.S. crypto reserve initiative, which involved Bitcoin and other prominent cryptocurrencies.

Bitcoin’s Response to Crypto Reserve Initiative

Bitcoin initially spiked above $94,000 and later stabilized at just over $92,000. Data from CryptoQuant shows significant activity on cryptocurrency exchanges.

Analyst KriptoBaykusV2 pointed out that large inflows and outflows of Bitcoin on exchanges directly affect market sentiment and price trends.

On February 25, around 8.4K BTC moved into exchanges, leading to increased selling pressure and a subsequent price drop. However, the next day witnessed a shift with significant Bitcoin outflows, indicating a move towards long-term holding strategies.

Exchange Flows and On-Chain Metrics Influence

Exchange inflow and outflow data suggest that investor sentiment often changes rapidly in response to external factors. Increased inflows correlate with heightened selling pressure, resulting in short-term price drops.

On the other hand, outflows usually signify a preference for long-term storage, reducing immediate selling pressure and potentially setting the stage for upward price momentum.

Historical data supports this correlation: rising outflows often coincide with price increases as the circulating supply tightens.

On-chain metrics offer additional context. Glassnode data shows a surge in the number of new Bitcoin addresses in February, reaching a monthly peak of 371,442 on February 26.

While this metric slightly dropped in early March to around 300,000, the overall increase in new addresses indicates growing retail interest in Bitcoin.

This rise in address activity, coupled with the observed exchange flows, provides a more detailed view of the market’s current state.

[coineagle]

Will Bitcoin Hit $85K Again Before Jumping to $10K CME Gap?

Key Points

Bitcoin futures market records largest-ever CME gap following a significant price movement.

The $10,000 gap raises questions about Bitcoin’s next move, will it fill the gap or continue its upward trend?

Bitcoin futures have registered the largest-ever CME gap, a result of the substantial price shift following the unexpected announcement of a national crypto reserve by U.S. President Donald Trump.

The gap, which exceeds $10,000, indicates increased volatility and prompts important questions about Bitcoin’s forthcoming actions.

Understanding CME Gaps

CME Bitcoin futures gaps occur when the futures market shuts for the weekend while the spot markets remain operational, leading to a price discrepancy when trading resumes.

These gaps often act as psychological levels for traders, with past market cycles showing a tendency for Bitcoin to revisit them.

The recent gap, which formed between $84,650 and $94,000, is unprecedented. In comparison, the previous record in August 2024 was just over $4,000.

Now, the Bitcoin futures market observers are discussing whether it will retrace to fill this gap or continue its upward trend.

Bitcoin’s Price Surge

Bitcoin initially traded around $85,000 before spiking to $94,480 on March 2nd, largely driven by Trump’s announcement of a U.S. crypto reserve and growing institutional interest.

This sharp price movement resulted in a $10,000 Bitcoin futures CME gap, the largest to date.

At the time of writing, BTC was trading at $91,963, down 2.50% in the last 24 hours. The RSI is at 47.04, indicating neutral momentum after the recent volatility.

The OBV was at -92.19K, suggesting that buying pressure has not fully recovered despite the rally.

Bitcoin remains above the crucial psychological level of $90,000. If selling pressure increases, BTC could fall towards $85,000, a level that could act as strong support.

In the past, large CME gaps have been filled, though not always immediately. During Bitcoin’s 2021 bull run, similar gaps were left open until the subsequent bear market.

This suggests that if Bitcoin maintains its rally, the $10,000 gap may remain unfilled for months or even years.

[coineagle]

Bitcoin on the Cusp: Will the Cryptocurrency Repeat its August Boom?

Key Points

Bitcoin has entered a historical “shopping area,” indicating a potential bounce-back.

U.S. investors are buying Bitcoin in this region, but derivative traders are selling.

Bitcoin has experienced a significant price drop, entering what is referred to as a historical “shopping area.” This term suggests a potential resurgence in price is on the horizon.

Notably, U.S. investors have begun to purchase Bitcoin in this region, capitalizing on the price drop.

Historical Shopping Areas

Analysis from CryptoQuant shows that Bitcoin has entered a zone known as a historical shopping area. Trading in this area requires a 15 to 20% price drop, which Bitcoin has recently experienced.

These areas are known as shopping regions because they typically see an accumulation of Bitcoin by market participants and investors capitalizing on the overreaction that leads to a price drop.

At present, U.S. investors are taking advantage of this drop, accumulating Bitcoin as the Coinbase Premium Index trends upward.

Derivative Traders Sell Bitcoin

Despite the positive sentiment among U.S. investors, derivative traders are selling Bitcoin, potentially hindering an upswing. The current Bitcoin Funding Rate across cryptocurrency exchanges has seen a significant drop, suggesting these traders anticipate further price declines.

The Taker Buy/Sell Ratio, which determines whether buying or selling volume is dominating, indicates that sellers currently control the market.

While some key indicators suggest a potential rally for Bitcoin, the selling pressure from derivative traders could cause a minor setback. If other key indicators turn bullish, these sellers could be liquidated as the asset’s price increases.

[coineagle]

Bitcoin’s Fork in the Road: Could BTC Soar to $90K or Plummet Further?

Key Points

Bitcoin derivatives Open Interest (OI) has fallen to a five-month low due to traders de-risking amid volatility.

Bitcoin needs to absorb incoming liquidity to reclaim $90K, but extreme fear and macro uncertainty are affecting risk appetite.

Bitcoin derivatives Open Interest (OI) has seen a significant decrease, hitting a five-month low. This is a result of traders de-risking in response to the current market volatility. In a period of less than two weeks, around $14 billion worth of positions have been closed.

Currently, Bitcoin has experienced a 10% recovery from its $78,000 low, suggesting a supply-side liquidity absorption. If Bitcoin reaches $86,729, this would bring 591.93K addresses holding 379.52K Bitcoin into a profitable position.

Challenges to Reclaiming $90K

In order for Bitcoin to reclaim the $90K mark, it would need to absorb incoming liquidity before it transitions into resistance. However, the persistent presence of extreme fear and macro uncertainty are impacting risk appetite negatively.

Retail participation remains low, with only 22K BTC outflows from all exchanges at $86,103, the lowest in a week. Meanwhile, institutional capital is also staying on the sidelines.

There are subdued FOMO signals, indicating that it’s still too early to confirm a strong holding pattern. This keeps the possibility of a near-term breakout uncertain.

Potential Pullback

In the near term, $86,669 stands as a crucial resistance level for Bitcoin. If this level is breached, there is a $51 million liquidation risk.

A significant group of HODLers would move ‘in the money’ near this threshold, while short-term holders (STHs) remain susceptible to profit-taking. This makes price stability a critical test.

Weak spot demand, combined with continued de-risking in derivatives, leaves Bitcoin vulnerable to another pullback before a potential move toward $90K.

[coineagle]

Exploring March: Can Bitcoin and Ethereum Recover from February’s Stinging Decline?

Key Points

Bitcoin and Ethereum experienced significant declines in February 2025, causing investor concerns.

Historical data suggests March could continue the downward trend for both cryptocurrencies.

Bitcoin and Ethereum, two dominant forces in the cryptocurrency market, faced significant declines in February 2025. This has left investors in a state of uncertainty about the future of the market.

Performance of Bitcoin and Ethereum

Both Bitcoin and Ethereum experienced high volatility in February 2025. Bitcoin started strong but faced a steep decline of over 12% due to bearish pressure. Ethereum, on the other hand, underperformed with a drop of 38%. The widening gap between the two indicates a shift in investor sentiment, possibly due to liquidity concerns and sector-specific weaknesses.

Historically, March has been a weak month for both Bitcoin and Ethereum. The average return for Bitcoin in March is just 3.42%, while Ethereum fares slightly better with an 8.22% average return. However, the inconsistency in their performance suggests continued caution.

Can Bitcoin and Ethereum Rebound in March?

Bitcoin enters March 2025 after a grim February, with one of its worst monthly performances in recent years. The technical indicators suggest that Bitcoin is struggling, with the broader trend remaining downward. Unless Bitcoin reclaims key levels above $90,000 with volume support, any short-term rally could face selling pressure.

Ethereum had an even worse performance in February, with the steepest decline for the month in its history. The technical indicators for Ethereum also paint a bearish picture. For Ethereum to break out of its slump, it needs to reclaim the $2,500-$2,600 zone and see stronger buying volume.

Investor psychology plays a significant role during market downturns. Fear, uncertainty, and doubt often lead to panic selling, exacerbating declines. The current sentiment suggests caution, but not outright capitulation. However, if macroeconomic concerns persist, sentiment could turn excessively bearish, creating opportunities for contrarian buyers.

[coineagle]

Buterin Brands Potential Life Sentence for ‘Bitcoin Jesus’ Roger Ver as ‘Absurd’

Key Points

Roger Ver, early Bitcoin advocate, faces potential life sentence for alleged tax fraud.

Industry leaders, including Ethereum co-founder Vitalik Buterin, argue the punishment is excessive.

Roger Ver, once recognized as “Bitcoin Jesus” for his early promotion of Bitcoin [BTC], is now dealing with significant legal issues.

Accused of tax fraud, Ver could potentially be handed a life sentence, sparking strong reactions within the crypto industry.

Vitalik Buterin and Industry Leaders Support Ver

Among Ver’s supporters is Ethereum [ETH] co-founder Vitalik Buterin, who criticized the potential punishment’s severity as “absurd”. Buterin suggested that Ver should be allowed to settle any unpaid taxes, rather than face imprisonment.

However, Elon Musk, associated with the D.O.G.E. organization, has withdrawn his support for Ver’s pardon, citing Ver’s renounced U.S. citizenship.

Despite Musk’s stance, several industry leaders, including Ross Ulbricht, former Silk Road operator, have sided with Buterin and voiced support for Ver.

Ver Pleads His Case

Amid these developments, Ver has taken to social media to plead his case, directly reaching out to President Donald Trump for support. He has consistently suggested that the charges against him are politically driven.

Despite the growing support from industry leaders, data from Polymarket suggests only a 7% chance that Trump will grant Ver clemency within his first 100 days in office.

As the speculation continues, it remains to be seen whether the optimism of crypto advocates will prevail over Musk’s skepticism.

[coineagle]

Bitcoin Stabilizes at $86K: Potential Pitfalls or Persistence to Prevail?

Key Points

Bitcoin has experienced a moderate recovery, potentially due to a short squeeze.

The Cumulative Volume Delta (CVD) of Bitcoin indicates a high selling pressure.

Bitcoin has seen a slight increase of 1.55% in the past day, despite the market being dominated by sellers.

A short squeeze, a market condition where short sellers are forced to close their positions due to increased prices, seems to be the cause of this temporary recovery.

Bitcoin’s Market Dynamics

The market dynamics of Bitcoin have seen a significant shift, with sellers taking the upper hand. This is evidenced by Bitcoin’s Cumulative Volume Delta (CVD) dropping to a highly negative level, indicating a strong selling pressure.

However, a short squeeze seems to have changed the momentum, leading to a recovery that pushed Bitcoin’s value back to $86,259.

Bitcoin’s Performance and Recovery

In the past month, Bitcoin’s performance has been less than stellar, with a 17% drop in February. Despite this, the cryptocurrency has managed to recover and is currently valued at $86,259.

Despite this recovery, the market is still heavily dominated by sellers, as indicated by the declining CVD. This suggests that more investors are selling their Bitcoin, leading to a bearish market.

Typically, such a market condition leads to a further decline in prices, as Bitcoin struggles to find strong support. However, the sudden demand for short positions seems to have led to a short squeeze, causing a temporary recovery.

Despite the high number of sell orders, the market signals indicate a short-term recovery. This suggests that Bitcoin might see moderate gains in the near future.

The sudden shift in market sentiment is due to an increased demand for futures. This has led to a high demand for short positions, resulting in a short squeeze and a subsequent recovery.

Furthermore, Bitcoin’s fund market premium has turned positive, indicating a bullish futures market. This suggests that traders are willing to pay a premium fee to hold their positions, indicating a high demand for leveraged positions.

In conclusion, while sellers have been dominating the market, the high demand for short positions has led to a short squeeze and a subsequent recovery. If the demand for futures continues to rise, Bitcoin could see a short-term recovery to $89,300. However, if the market shock subsides, Bitcoin might drop to $83,400.

[coineagle]

Is the White House Crypto Summit Propelling Bitcoin’s Comeback?

Key Points

A potential gap in Bitcoin’s price fuels speculation ahead of the first White House Crypto Summit.

Stablecoin regulation and Bitcoin reserves are expected to be key themes at the summit.

Bitcoin’s price action has been a topic of interest as it heads into the weekend, carrying Friday’s momentum into Saturday.

Crypto analyst Daan Crypto Trades pointed out an unusual shift in Bitcoin’s price that could potentially impact the upcoming trading week.

Anticipation for the White House Crypto Summit

This price shift comes just before the first-ever White House Crypto Summit, scheduled for the 7th of March, where President Donald Trump will be hosting top crypto leaders and policymakers.

While the market is always on the lookout for catalysts, it remains to be seen whether this event will significantly influence Bitcoin’s path, or if it’s just another policy meeting with little immediate impact.

Regulation of Stablecoins and Bitcoin Reserves

The summit’s agenda is yet to be fully disclosed, but it is expected that stablecoin regulation and a potential U.S. Bitcoin reserve will be the main policy themes.

According to Eleanor Terrett, a journalist at Fox Business, the summit is the first of a series of meetings aimed at replacing the proposed ‘crypto advisory council’.

This follows a call from Jeremy Allaire, CEO of Circle, who recently suggested that stablecoin issuers should be required to register in the U.S.

In addition, Paolo Ardoino, CEO of Tether, cryptically tweeted, “Excited for next week. Something is about to change.”

The idea of a Bitcoin reserve is gaining traction at the state level, with 18 U.S. states actively working on Bitcoin reserve proposals.

The summit could indicate whether the federal government will adopt similar policies, or leave Bitcoin adoption to state lawmakers.

Market Speculation Ahead of Summit

Bitcoin’s price action leading up to the event has been volatile.

From February 25th to 27th, Bitcoin dropped from a high of approximately $86,000 to a low of $78,000, a significant 9.3% drop in just 48 hours.

However, on February 28th, Bitcoin made an impressive recovery, surging back to the $86,000 range.

As we entered March, Bitcoin entered a consolidation phase, trading between $84,000 and $86,000.

With uncertainty over regulatory clarity and CME gaps forming, the market could react sharply depending on the summit’s outcomes.

Future of Bitcoin

Bitcoin traders are now looking at two key scenarios.

If momentum sustains, Bitcoin could break above $87,000, a key resistance level that has capped recent rallies.

Conversely, if market sentiment weakens, Bitcoin may struggle to maintain its current levels.

A failure to hold above $86,000 could increase the likelihood of a pullback toward the CME gap at $84,258.

The crypto market is familiar with hyped political events that fail to translate into immediate price action.

However, with Trump’s pro-crypto stance, state-led Bitcoin adoption, and ongoing regulatory shifts, this summit could mark the beginning of a broader policy shift that plays out in the months ahead.

[coineagle]

Bitcoin Plummets Under $92K Benchmark: Will Investors Rush to Sell?

“Bitcoin’s price has been on a rollercoaster ride lately, but despite the volatility, the digital currency is still gaining traction. According to a new report from Chainalysis, Bitcoin’s popularity is booming in emerging markets, particularly in Africa and Latin America. The report reveals that Africa had the highest increase in Bitcoin received, at 1,200% in 2020, while Latin America saw a 900% increase. The report also highlights that Bitcoin is being used for more than just investment purposes, with remittances and small business transactions accounting for a significant portion of Bitcoin activity in these regions.”

Key Points

Bitcoin’s popularity is soaring in emerging markets, particularly Africa and Latin America, according to a Chainalysis report.

Bitcoin is being used for more than just investment, including remittances and small business transactions.

Bitcoin’s price fluctuations have been a hot topic lately. However, the digital currency’s popularity is on the rise, especially in emerging markets. This is according to a recent report by Chainalysis.

The report shows that Africa experienced the highest increase in Bitcoin received, with a staggering growth of 1,200% in 2020. Similarly, Latin America also reported a significant surge, with a 900% increase.

Bitcoin: More Than Just an Investment

The Chainalysis report also sheds light on the diverse uses of Bitcoin. It’s not just an investment tool. Remittances and small business transactions account for a significant portion of Bitcoin activity in these regions. This highlights the versatility and practicality of this digital currency in these emerging markets.

It’s clear that Bitcoin is gaining traction globally, and its use is not limited to investments. Its role in remittances and business transactions in emerging markets underscores its potential for broader financial inclusion.

[coineagle]

Will S&P 500 Influence Further Bitcoin Price Decline?

Key Points

Bitcoin’s value is showing signs of recovery following a major dip, with a daily increase of 6.75%.

The cryptocurrency market could face further decline if the S&P 500 Index drops by the predicted 5%.

After a significant downturn, Bitcoin has shown signs of recovery, registering a daily increase of 6.75%. However, there are concerns that the cryptocurrency market could face further decline if the S&P 500 Index drops by the predicted 5%.

The U.S markets have experienced notable losses across the board since President Donald Trump’s inauguration and the ensuing trade wars. These uncertain macroeconomic conditions and political issues have led to a strong decline in the U.S market. As a result, the wider crypto market has been significantly affected, with Bitcoin dropping to its pre-election levels on the charts.

Bitcoin’s Trajectory and Market Volatility

The current market conditions have sparked discussions about Bitcoin’s trajectory and its reaction to U.S market volatility. Axel Adler of CryptoQuant suggests that the S&P 500 is likely to register another loss of 5% before the market stabilizes. This prediction is concerning for the crypto market, given Bitcoin’s 80% correlation with the S&P 500 Index. Therefore, if the U.S market continues to report losses, Bitcoin could also decline.

The S&P 500’s decline has led major indices to erase their post-election gains and return to their pre-election levels of November 2024. For instance, the S&P 500 index has fallen by 45.22 points over the last 5 days. This trend is not isolated to the S&P 500; it is reflected across wider markets, including the Nasdaq 100 and Dow Jones, which are now trading at Q4 2024 levels. This market downturn is a result of recent data from the CPI, the Consumer Index FOMC meetings, and political conditions.

Impact on the Crypto Market

The downturn in the U.S market has significantly affected the crypto market, with Bitcoin and altcoins recording substantial losses. Bitcoin tends to react strongly to U.S market volatility. For example, when the S&P 500 fell by 45 points, BTC also declined to hit a 4-month low. However, as the S&P 500 recovered by 1.59% in the next 24 hours, Bitcoin also recovered, registering a hike of 6.74%, which allowed it to reclaim $84k on the charts.

This connection is largely attributed to U.S investors, both institutions and individuals. Evidence of this can be seen in the negative Coinbase premium index, which has remained so for the past week. The drop in the S&P 500 index coincided with a weekly long drop in the Coinbase index, indicating that U.S investors, particularly institutions, are now bearish. As a result, sellers are dominating both the stock and crypto markets.

If the U.S. market recovers, Bitcoin is also likely to make significant gains. Currently, as the S&P 500 index is rising and the markets are starting to cool down, Bitcoin’s price may also recover. At this level, a recovery could see BTC reclaim $86k, which would bolster the crypto’s attempt to reach $90k again. However, if the U.S market is hit with more negative news, further depreciation may be imminent.

[coineagle]

CME Gaps Point to a Potential Bitcoin Rally – Unraveling Crypto Recovery Prospects

Key Points

Bitcoin (BTC) may reverse its 19% monthly losses due to a hike in buying activity.

The CME gap could indicate an upcoming surge for Bitcoin.

Bitcoin’s [BTC] recent dip into the $70,000-zone was short-lived, with the cryptocurrency rebounding and gaining by 7.12% within 24 hours.

A detailed analysis of key metrics suggests that the asset could potentially reverse its 19% monthly losses, particularly if the buying sentiment continues to grow.

CME Gap and Bitcoin’s Potential Surge

The CME gap, which acts as a liquidity point in the market, is formed due to the price difference between the market’s opening and closing. The CME doesn’t trade on weekends or holidays, which often leads to these gaps.

When a gap forms, the price usually trades back to that level.

Bitcoin’s recent 28.57% decline into a CME gap between 80,670 and 77,930 could be a repeat of its 2020 pattern. Back then, after reaching a high above $12,000, it experienced a sharp 22.43% drop to fill the CME gap below, before setting a new all-time high.

These gaps can act as demand and supply levels. In this case, it’s a demand level.

A rebound from this level could lead Bitcoin to trade close to the short-term target of 92,755, where another CME gap lies, and a long-term target surpassing the previous all-time high recorded on the CME chart at $110,150.

Signals of a Bullish Market

There has been an increase in addresses holding Bitcoin over time. Currently, the number of short-term holders is declining, while long-term holders are increasing.

This suggests that long-term holders are growing in number, reducing market supply and impulsive trade movements. As of now, holder addresses have increased to 39.26 million.

The Unspent Transaction Output (UTXO) shows a bullish sentiment among transactions that have occurred within the last 24 hours and between a day to one week.

If this trend continues, it would imply that market participants are acquiring Bitcoin for long-term holding, rather than immediate sell-offs.

Derivative traders also share this bullish sentiment, especially with Bitcoin’s Open Interest subtly increasing by 2.80% to $50.91 billion in the last 24 hours.

The long-to-short ratio, which measures buying volume (above 1) and selling volume (below 1) in the derivatives market, recorded a reading of 1.0072. If this ratio crosses further above this level, it would indicate increased buying activity, suggesting that Bitcoin is likely to trade higher.

[coineagle]

Is Litecoin’s Short Squeeze a Market Rally or Momentary Buzz?

Key Points

Litecoin [LTC] showed short-term edge over Bitcoin [BTC], but analysts urge caution due to market volatility.

LTC’s rally was driven by liquidation of bearish positions, but risks remain due to key support challenges.

Litecoin [LTC] demonstrated a slight advantage over Bitcoin [BTC] in the short term. This was largely due to some bearish positions being liquidated. While this rise in LTC’s price has sparked optimism among traders, analysts are recommending caution.

Despite the rally, the market continues to be volatile, making risk management crucial.

LTC’s Short-term Performance

Litecoin experienced a 5.54% decline in the last 24 hours, trading at $119.74 on the charts after a high of $127.30. Despite this pullback, LTC outperformed Bitcoin in the short term. The liquidation of bearish positions likely led to a temporary price boost before the retracement.

Data indicated that while LTC recorded a strong rally in mid-February, rejection at key resistance hinted at profit-taking and market uncertainty.

Meanwhile, BTC saw a 20.51% decline, before recovering, reflecting broader market weakness. Analysts have thus emphasized the importance of stop-loss levels, as volatility remains high with key LTC support at $114 and $110.

Litecoin Market Analysis

Recent analysis also highlighted a dynamic market landscape.

A seven-day liquidation heatmap revealed significant activity at key levels – Strong short liquidations near $130 resistance and long liquidations near $110 support. The cluster of short liquidations above $130 suggested that bearish positions were squeezed as LTC attempted to rally on the charts.

However, as LTC approaches the $110-level, long liquidations will become more pronounced, signaling potential downside risk if selling pressure increases. The overall trend also highlighted more short liquidations than longs – Reinforcing that bears were forced out during the upward move.

The buy and sell pressure chart underlined key moments of accumulation and distribution.

During LTC’s rally, buy-side dominance pushed the price higher. As momentum slowed, sell pressure increased, suggesting profit-taking or a shift in sentiment. Despite this, demand has remained strong near support, hinting at a potential rebound if LTC stabilizes.

Finally, the Sharpe Ratio, with spikes above 0.8, signals overbought conditions where returns outpace risk, often leading to corrections. Conversely, dips below -0.8 indicate undervaluation, where risk outweighs potential returns.

At the time of writing, LTC’s Sharpe Ratio seemed to be rebounding from a recent low – A sign that while volatility persists, risk-adjusted returns may improve in the near future.

[coineagle]

Critical Level: Bitcoin Traders Brace for $96,895 Mark Amid BTC Rebound

Key Points

Bitcoin’s NVT value has dropped below -2.4, indicating it is in a deeply oversold state.

The UTXO Realized Price Age Distribution reveals insights into investor holding patterns.

Bitcoin’s market landscape is currently a blend of uncertainty and opportunity, with volatility revealing key patterns that could signal significant shifts in price action.

Historical trends have pointed to crucial support and resistance levels that could influence Bitcoin’s next move. By evaluating past cycles and current market conditions, investors are attempting to differentiate between short-term fluctuations and long-term trends, strategically positioning themselves for Bitcoin’s next phase.

NVT Golden Cross and Bitcoin’s Market Conditions

The NVT Golden Cross chart by CryptoQuant has been instrumental in identifying local peaks and troughs in Bitcoin’s market conditions. An NVT value above 2.2 indicates overbought conditions and potential tops, while a value below -1.6 suggests oversold conditions and possible bottoms.

Recently, Bitcoin’s NVT value plummeted below -2.4, suggesting it has reached a local bottom and is deeply oversold. If a rebound occurs, the 111-day Moving Average at $96,895 could serve as resistance.

Further analysis has revealed two similar oversold patterns in 2023 and 2024, each preceding price recoveries. These historical parallels suggest a potential upward movement from this oversold state, possibly leading to a shift in the current market trend.

Bitcoin Investor Behavior and Price Stability

Further insights into investor holding patterns can be gleaned from the UTXO Realized Price Age Distribution. This metric tracks recent buyer behavior across different age bands.

During bull markets, smaller investors often sell out of fear, creating support at these levels. However, in early 2025, the 1-3 month realized price fell below typical support zones. A potential support emerged within the 3-6 month range, around $75,875, indicating that Bitcoin is under downward pressure but has found a floor near this level.

This pattern is reminiscent of the mid-2022 corrections, where similar support zones stabilized prices, suggesting a potential recovery if buying resumes.

Long-Term Market Trends and Growth Signals

Bitcoin’s Net Unrealized Profit/Loss (NUPL) metric provides a long-term perspective on market sentiment, measuring the difference between unrealized profits and losses.

In February 2025, NUPL remained below the 0.50 support level at 0.48. A monthly close above 0.50 in February would support a potential price increase. This level indicates that investors are holding losses, creating conditions for a rebound.

This pattern mirrors late 2023, when NUPL below 0.50 preceded a significant rally. Traders view this as a strategic re-entry point, anticipating upward momentum if sentiment improves.

Strategic Insights

Bitcoin’s metrics in February 2025 present a cautious yet opportunistic picture. The NVT Golden Cross’s oversold reading below -2.4 signals a local bottom, with resistance at $96,895 if prices rebound.

The UTXO Realized Price Age Distribution identifies $75,875 as a key support, mirroring past correction patterns. NUPL’s position below 0.50 suggests unrealized losses, but a break above this level forecasts potential growth, similar to 2023 trends.

These indicators together point to a possible price recovery, contingent on market sentiment and buying activity.

[coineagle]

Signs Pointing to Bitcoin’s Imminent Recovery: Key Indicators Explained

Key Points

Bitcoin’s lower Hash Price may indicate a nearing price bottom and a potential rebound.

Increasing active addresses and rising Stock-to-Flow ratio reflect growing market confidence and scarcity.

Bitcoin’s Hash Price and Market Signals

Bitcoin’s recent Hash Price movements suggest that the cryptocurrency might be nearing a bottom. At the time of writing, Bitcoin was trading at $80,101.35, with a decline of 7.67% in the last 24 hours.

Historically, periods of lower Hash Price have corresponded with Bitcoin’s price bottoming out, hinting at a possible rebound in the near future. As Bitcoin tests these crucial levels, it raises the question of whether this could be an optimal accumulation phase before the next bull run.

Bitcoin’s Active Addresses and Market Sentiment

Bitcoin’s in/out of the money chart provides interesting insights into the current market sentiment. A significant portion of Bitcoin, approximately 75.30% (14.95 million BTC), remains “in the money,” indicating that most investors are still profitable.

On the other hand, 23.23% (4.61 million BTC) of Bitcoin addresses are “out of the money,” indicating that despite most Bitcoin holders remaining profitable, the market still faces challenges.

Bitcoin’s address statistics provide further insights into the market’s direction. Active addresses have risen by 6.30% over the last week, reflecting growing participation in the Bitcoin network.

Technical Indicators and the Stock-to-Flow Ratio

Bitcoin’s technical analysis shows crucial support and resistance levels. At the time of writing, Bitcoin was testing support at around $80,216, a level that has seen previous price reactions. However, the downward trendline and the breakdown of key support levels suggest that Bitcoin is under pressure.

Bitcoin’s Stock-to-Flow ratio has increased by 100% in the last 24 hours, reaching 2.1152M. This indicates an increase in Bitcoin’s scarcity, as the rate of new supply continues to decrease. The rising Stock-to-Flow ratio suggests that, while Bitcoin faces short-term price volatility, its long-term value proposition remains intact.

Based on the current analysis, Bitcoin is approaching a potential bottom. The lower Hash Price, combined with increasing active addresses, signals a potential price reversal. Although technical indicators like the Stochastic RSI point to an oversold condition, Bitcoin is likely to experience increased buying activity. Scarcity continues to drive value.

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Unveiling the Secrets Behind Bitcoin’s Drop below $80K: Future Predictions for BTC’s Value

Key Points

Bitcoin’s price has fallen over 5% due to regulatory uncertainty, institutional repositioning, and security concerns.

Despite the downturn, Bitcoin investors show accumulation patterns with new demand zones between $84K and $92K.

Bitcoin Experiences Significant Decline

Bitcoin, the largest cryptocurrency by market value, has seen a significant decline of over 5%, hitting a three-and-a-half-month low.

As of February 28th, Bitcoin was trading below $80,000 for the first time since November 11th, 2024. This downturn is driven by uncertainties surrounding U.S. President Donald Trump’s impending tariffs and crypto policies, coupled with a decrease in investor confidence following a substantial $1.5 billion hack involving Ethereum.

Factors Behind Bitcoin’s Slide

Several factors have contributed to Bitcoin’s recent slide. President Trump’s announcement of a 25% tariff on imports from Canada and Mexico has introduced significant uncertainty into global markets, causing investors to reassess their positions in risk-sensitive assets like Bitcoin.

The crypto market’s confidence was further shaken by a massive security breach, where hackers stole approximately $1.5 billion worth of ETH from the Bybit exchange. This incident has heightened apprehensions regarding the security of digital assets and the platforms that support them.

The initial optimism following President Trump’s election, fueled by expectations of a crypto-friendly regulatory environment, has waned due to the absence of concrete policy developments.

Despite the recent slides, on-chain data revealed notable accumulation trends among Bitcoin investors. A new accumulation zone emerged between $96,000 and $98,000. Short-term analyses also highlight emerging demand clusters between $84,000 and $92,000.

Institutional participation in the Bitcoin market has been a significant driver of its price dynamics. Formerly known as MicroStrategy, Strategy’s aggressive acquisition of Bitcoin underscores a strong institutional belief in Bitcoin’s future appreciation. However, the broader institutional sentiment remains cautious due to factors such as policy uncertainties, security issues, and market volatility.

The cryptocurrency market stands at a crossroads, influenced by different policy decisions, security considerations, and investor sentiment. The market is closely monitoring the Trump administration’s forthcoming policies on digital assets. Clear and supportive regulations could rejuvenate investor confidence and potentially reverse the current downward trend.

While short-term volatility presents challenges, the underlying accumulation patterns suggest a segment of investors remains optimistic about Bitcoin’s long-term prospects. The interplay between emerging demand zones and existing resistance levels will be pivotal in determining Bitcoin’s price trajectory in the coming months.