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Bitcoin Price Dynamics: Traders Observe Possible Short-Term Bearish Sentiment Amid Long-Term Optimism
In the fluctuating landscape of cryptocurrency, market participants are navigating complex sentiments that have emerged this month. Recent price volatility has led traders to adopt a “player versus player” mentality,

CoinOtag 2025-01-12 23:02
Glassnode Issues Bitcoin Alert, Says BTC Now Close to ‘Turning Point’ That Often Signals Shift in Market Trend
Analytics firm Glassnode is warning that Bitcoin ( BTC ) is approaching a critical juncture that has previously marked the end of the bull market. Glassnode says on the social media platform X that it is keeping a close watch on Bitcoin’s short-term holder (STH) cost basis, a metric that tracks the average price at which investors who have held their BTC for less than 155 days acquired their coins. According to Glassnode, historical data shows that Bitcoin tends to enter bear territory when its price moves below the metric’s value. “Bitcoin’s Short-Term Holder (STH) cost-basis model is crucial for gauging sentiment among new investors. Historically, this model has tracked market lows during bull cycles and also distinguished bull from bear markets. BTC price is now around 7% above the STH cost-basis of $88,135. If the price stabilizes below this level, it can signal waning sentiment among new investors – which is often a turning point in market trends.” Source: Glassnode/X At time of writing, Bitcoin is trading at $94,425. Looking at the long-term holders, or investors who have held their BTC for 155 days or more, Glassnode says the cohort is unloading their Bitcoin at a drastically rapid rate. According to the analytics firm, the extreme distribution of long-term holders does not necessarily suggest that the Bitcoin bull market is over. “Even at prices about 12% below all-time highs, Bitcoin Long-Term Holders (LTHs) are still distributing, but at a slower rate. Yet, the 30-day percent change in LTH supply suggests that the rate of distribution has likely peaked, reaching extremes seen in previous cycles… In past cycles, prices continued to climb even after LTH distribution peaked. This infers that a peak in distribution doesn’t always align with an immediate macro top.” Source: Glassnode/X Glassnode concludes its analysis by noting that almost all long-term holders are in the green. “Another factor to consider: Bitcoin LTH supply in loss remains at 0%. Nearly all Long-Term Holders are still in profit. Historically, when LTHs experience persistent losses that grow in severity, it has often marked the true end of a cycle. For now, that’s not the case.” Source: Glassnode/X Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Glassnode Issues Bitcoin Alert, Says BTC Now Close to ‘Turning Point’ That Often Signals Shift in Market Trend appeared first on The Daily Hodl .

The Daily Hodl 2025-01-12 23:00
Tom Lee Reveals Why Bitcoin’s Future Looks Bright
Tom Lee believes Bitcoin's durability is key to its value. U.S. Continue Reading: Tom Lee Reveals Why Bitcoin’s Future Looks Bright The post Tom Lee Reveals Why Bitcoin’s Future Looks Bright appeared first on COINTURK NEWS .

CoinTurk News 2025-01-12 22:15
Public Companies Explore Bitcoin Accumulation Strategies Following MicroStrategy’s Success
The trend of publicly traded companies stacking up Bitcoin as a treasury reserve is rapidly growing, inspired by MicroStrategy’s unprecedented success. As Bitcoin continues to rise, more than 70 firms

CoinOtag 2025-01-12 22:14
Spot Bitcoin ETFs One Year After US Launch: Here’s How Funds Have Fared So Far
The introduction of Spot Bitcoin exchange-traded funds (ETFs) in the United States marked a historic milestone for the cryptocurrency market. These Spot Bitcoin ETFs, which first went live in the US on January 11, 2024, have had massive success in just one year, making them the greatest ETF launch in history. Related Reading: Bitcoin Price Under Threat: $12,000 Void Opens Up Possibility Of Crash Toward $75,000 As it stands, US-based Spot Bitcoin ETFs have now become one of the major drivers of Bitcoin’s price growth and played a huge role in Bitcoin’s break above $100,000. Furthermore, these US-based Spot Bitcoin ETFs are now collectively the biggest holders of Bitcoin. Performance Metrics Of US-Based Spot Bitcoin ETFs For years, the US Securities and Exchange Commission (SEC) resisted the approval of Spot Bitcoin ETFs, making their eventual approval in January 2024 a notable turning point for the crypto industry. Particularly, the SEC approved the first 11 Spot Bitcoin ETF applications on January 10, 2024. All the Spot Bitcoin ETFs have demonstrated a positive performance in their inaugural year except for Grayscale’s GBTC. The launch of spot Bitcoin ETFs was met with record-breaking enthusiasm, as these funds registered the highest trading volumes of any ETF launch in history during their first few days of operation. Apart from opening the Bitcoin and crypto industry to traditional investors who would otherwise not invest in cryptocurrencies, many large Bitcoin holders also saw the ETFs as the best way to invest in order to take advantage of their regulatory clarity. Particularly, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Fidelity Wise Origin Bitcoin Fund have led the charge with substantial inflows throughout the year. These two funds quickly established themselves as dominant players, with each witnessing over $3 billion in inflows within their first 20 days of trading. At the time of writing, US-based Spot Bitcoin ETFs now collectively control about $107.64 billion in Bitcoin assets, which represents about 5.75% of the total Bitcoin market cap, according to data from SoSoValue. Since they began trading one year ago, these ETFs have witnessed a cumulative total net inflow of $36.22 billion. In terms of cumulative net inflows, the IBIT has witnessed the highest inflow amount in the tune of $37.67 billion, while FBTC follows behind with $12.16 billion. These two have been enough to balance the $21.57 net outflows from the pre-existing Grayscale Bitcoin Trust, which was converted to a Spot Bitcoin ETF. Other ETF providers have also witnessed cummulative net inflows in the past year, with ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF also at $2.49 billion and $2.43 billion, respectively, at the time of writing. However, the remaining seven ETF providers have yet to cross the $1 billion threshold in cumulative net inflows, indicating a more uneven distribution of investor interest across the industry. Related Reading: Bitcoin To Challenge Gold: Expert Sees US Taking The Lead Where Do Spot Bitcoin ETFs Go From Here? The only way for Spot Bitcoin ETFs is up, especially on the longer timeframe in 2025 and beyond. Crypto investors are optimistic about a significant influx of capital into these ETFs in anticipation of crypto-positive policies to be introduced by the incoming Trump administration. At the time of writing, Bitcoin is trading at $94,057. Featured image from Pexels, chart from TradingView

NewsBTC 2025-01-12 22:00
Bitcoin’s Stability and Increased Accumulation Suggest Possible Rebound Amid Market Activities
Bitcoin [BTC] is experiencing a potential resurgence as growing activity among key addresses suggests an upcoming rally. Recent data indicates that prominent addresses are stabilizing their holdings, reflecting a significant

CoinOtag 2025-01-12 21:02
Will Bitcoin’s liquidity and whale activity drive it past $100,000 again?
Bitcoin [BTC] could stage a rebound as activity across key addresses picks up.

AMB Crypto 2025-01-12 21:00
Dormant BTC Awakens: Over 750 Sleeping Bitcoin Enter Circulation as Prices Consolidate
During the initial 12 days of 2025, approximately 756.204 dormant bitcoins (BTC), valued at $71.8 million, have reentered circulation after years of inactivity. This revival occurs as bitcoin is trading 12% below its peak of $108,364, achieved 26 days prior on Dec. 17, 2024. $71M Worth of Sleeping Bitcoin Resurfaces This month has so far

Bitcoin.com 2025-01-12 20:45
Scott Bessent Prepares to Exit Bitcoin Investments as New Treasury Secretary Nominee
Bessent plans to sell his Bitcoin ETF investments as Treasury Secretary nominee. His total asset portfolio is valued over $500 billion, including major funds. Continue Reading: Scott Bessent Prepares to Exit Bitcoin Investments as New Treasury Secretary Nominee The post Scott Bessent Prepares to Exit Bitcoin Investments as New Treasury Secretary Nominee appeared first on COINTURK NEWS .

CoinTurk News 2025-01-12 20:15
Cardano Price Analysis: ADA Must Break This Barrier to Target $1.30
Cardano is consolidating within a critical price range, signaling a phase of market indecision. However, a substantial support zone at lower levels offers the potential for a bullish rebound, especially if a breakout materializes in the coming sessions. Technical Analysis By Shayan The Daily Chart Cardano recently encountered significant selling pressure near the $1.3 resistance, resulting in a sharp rejection and reinforcing the presence of strong sellers at this level. The asset has since consolidated within a descending wedge pattern, bounded by the $0.8-$1.3 range. Despite the failure to reclaim the $1.3 level, Cardano benefits from robust support at $0.8, which aligns with the following: The 100-day moving average. A key pivot point from prior price action. This suggests that the current price action is likely a corrective pullback to retest the $0.8 region. A breakout above the descending wedge could pave the way for a fresh rally, targeting the $1.3 resistance and potentially initiating a mid-term uptrend. The 4-Hour Chart In the 4-hour timeframe, ADA recently surged from the wedge’s lower boundary ($0.75) and managed to break above the upper trendline of the wedge pattern. Following this breakout, the price has retraced toward the broken trendline, forming a bullish pullback that confirms the breakout’s validity. The price is now oscillating within a critical range, bounded by the 0.5 Fibonacci level ($0.8) as support and the $1.3 resistance region as the next major barrier. A valid breakout above the current consolidation range is essential for Cardano to establish its next trend direction. A bullish breakout could lead to a sustained surge, while failing to hold the $0.8 support may result in further declines. The post Cardano Price Analysis: ADA Must Break This Barrier to Target $1.30 appeared first on CryptoPotato .

Crypto Potato 2025-01-12 19:49
Ethereum Price Analysis: What’s Ahead for ETH After a 9% Weekly Dip?
Ethereum currently rests at a notable support region near $3.2K, with market participants closely observing the potential for a bullish rebound. The Funding Rates metric offers valuable insights into the sentiment within the perpetual futures markets, helping to gauge the likelihood of a recovery. Technical Analysis By Shayan The Daily Chart Ethereum has seen consistent declines following its rejection at the $4K resistance level, indicating the dominance of sellers. Most recently, another sharp decline pushed the price toward a substantial support zone, defined by the 100-day moving average of $3.1K. This dynamic support is critical as demand concentration near this region is expected to curb downward momentum, with a bullish rebound being plausible if buying interest emerges. Currently, ETH is trapped between the 100-day MA ($3.1K) and the $3.5K resistance level, forming a tight consolidation range. A decisive move in either direction will likely determine the mid-term trend. The 4-Hour Chart On the 4-hour timeframe, Ethereum broke down from an ascending wedge pattern, a bearish structure that typically signals further declines. This breakdown triggered a swift sell-off, pushing the price toward a support zone defined by the 0.5-0.618 Fibonacci retracement levels. This support zone has the potential to stabilize the price and possibly initiate a short-term bullish rebound. However, persistent bearish pressure could result in a break below this line, intensifying the downtrend. If Ethereum breaches this critical support zone, it may trigger panic selling, further strengthening sellers’ dominance. Conversely, a sustained rebound could pave the way for a recovery toward the $3.5K resistance level. Onchain Analysis By Shayan Examining the chart, the recent market correction has coincided with a significant decline in funding rates. This shift suggests growing bearish sentiment among speculators, with many traders betting on further decreases in ETH’s price. However, upon reaching the substantial support zone at $3K, the Funding Rates metric has started to show signs of recovery. A notable bullish spike in the metric suggests an influx of buying interest as market participants begin to open long positions in anticipation of a price rebound. If this recovery in funding rates continues, it could indicate sustained demand and the potential for a bullish rebound from the $3K support. On the other hand, if the current recovery loses momentum or reverses, it would signal a return to bearish sentiment, paving the way for a deeper correction. The post Ethereum Price Analysis: What’s Ahead for ETH After a 9% Weekly Dip? appeared first on CryptoPotato .

Crypto Potato 2025-01-12 19:47
New Investors Shape Bitcoin’s Market Dynamics
Bitcoin maintains a critical support level, fostering investor confidence. New investors are playing a key role in shaping the market dynamics. Continue Reading: New Investors Shape Bitcoin’s Market Dynamics The post New Investors Shape Bitcoin’s Market Dynamics appeared first on COINTURK NEWS .

CoinTurk News 2025-01-12 19:45

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