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Crypto trader and analyst Ali Martinez says Ethereum (ETH) is dangerously close to a major support level. Martinez tells his 123,000 followers on the social media platform X that Ethereum could plunge approximately 39% from the current level to a price of $1,700 if the support level at around $2,500 fails. ETH is worth $2,712 […]
The post Trader Issues Ethereum Alert, Says ETH Could Plunge 39% if Major Support Level Fails – Here Are His Targets appeared first on The Daily Hodl.
Economist Henrik Zeberg believes current market conditions are ripe for a major Bitcoin (BTC) breakout. Zeberg tells his 173,900 followers on the social media platform X that market sentiment has gotten so low that it may indicate the bottom for Bitcoin and other digital assets is close. “BTC reached ATH (all-time high) on January 20th. […]
The post ‘Sentiment Is in the Gutter’: Economist Henrik Zeberg Says Conditions Ripe for Bitcoin To Potentially Go Higher appeared first on The Daily Hodl.
A closely followed crypto analyst says altcoins may undergo an explosive rally once a key Bitcoin (BTC) metric reverses. In a new strategy session, crypto trader Rekt Capital tells his 536,300 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may soon enter a downward phase after hitting a historic peak […]
The post ‘Outsized’ Altcoin Season Incoming Once Key Bitcoin Metric Reverses Uptrend, According to Crypto Analyst appeared first on The Daily Hodl.
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC). The analyst and trader pseudonymously known as Bluntz tells his 309,200 followers on the social media platform X that Bitcoin has witnessed “savage price action” after falling to around $89,200 and then quickly recovering. According to the analyst, Bitcoin is primed to […]
The post Bitcoin Primed To Hit New All-Time High in Next Leg Up, According to Crypto Analyst – Here’s His Target appeared first on The Daily Hodl.
Bitcoin struggles to hold $100,000, but this could change once regulations shift and institutional adoption becomes even easier.
Bitcoin advocates who propagate various theories of how high BTC price can go often cite the spot exchange-traded fund (ETF) inflows and institutional adoption as reasons why prices will stay above $100,000. However, this type of analysis fails to focus on the underlying factors that lead investors to shift their perception of Bitcoin from a high-risk asset to the equivalent of digital gold.
The three real catalysts for Bitcoin's sustainable price rise include regulatory changes that enable wider institutional participation, relaxed restrictions on retirement investments, and increasing recognition of Bitcoin as a strategic reserve asset similar to gold.
While banks and pension funds are inclined to increase their Bitcoin exposure, regulatory and accounting standards present significant obstacles. Most pension funds and wealth management firms are not structured to hold spot Bitcoin ETFs due to administrative restrictions or internal mandates requiring modification.
Moderate optimism in Ethereum derivatives data fails to boost short-term investor confidence.
Ether (ETH) experienced a 20.7% weekly correction between Jan. 6 and Jan. 13, reaching a low of $2,924 and triggering $395 million in leveraged long ETH liquidations. The move tempered bullish sentiment, yet contrary to expectations, Ether derivatives suggest strong interest from both retail and institutional buyers.
Ether 2-month futures annualized premium. Source: Laevitas
In neutral markets, the ETH monthly futures premium typically trades 5%–10% above regular spot prices, reflecting the extended settlement period. Despite the recent drop below $3,000, this indicator remained above the threshold, signaling optimism from whales and market makers.
Institutions dumped huge amounts of Bitcoin in late December after its peak high, but they’re now back to buying with it below $100,000, says Blocktrends’ Cauê Oliveira.
Large Bitcoin holders are back to buying huge amounts of the cryptocurrency after its price dove toward the end of 2024 following a record six-figure high, says a Blocktrends analyst.
More than 34,000 Bitcoin (BTC), currently worth $3.2 billion, has been “accumulated by institutional investors, providing buying pressure for the current recovery in Bitcoin,” Blocktrends head of research Cauê Oliveira wrote in a Jan. 8 CryptoQuant post.
Oliveira explained the buyup came after wallets holding between 1,000 to 10,000 BTC dumped 79,000 BTC in the week after Dec. 21 — days after it hit a peak of over $108,000 on Dec. 17 amid the US Federal Reserve interest rate cut — which “ended up generating a 15% correction.”