Author: Defx Intern

A recent analysis by CryptoQuant analyst ‘Avocado Onchain’ suggests that despite the current market pessimism, Bitcoin may be poised for a comeback. The analyst examined Binance’s funding rates, which represent the cost of holding long or short positions in the futures market, and identified a pattern that could signal a potential rebound.

Historically, negative funding rates on Binance have been rare, but when they occur, they have often preceded significant price rebounds. This dynamic is thought to be linked to the behavior of retail traders, who dominate Binance’s trading volume. When these traders display heightened fear, manifested through negative funding rates, Bitcoin has tended to defy the prevailing sentiment and recover.

The analyst also noted that during past bull markets, Bitcoin’s price has rebounded after hitting negative funding rates triggered by large-scale liquidations. This pattern suggests that while the current market environment appears grim, further declines in funding rates might signal a reversal, indicating that the market has reached a point of capitulation, often a precursor to a sustained recovery.

Despite this potential for a rebound, Bitcoin continues to face challenges in its upward momentum. The asset briefly reached $100,000 earlier today following a mixed US jobs report but quickly lost ground and was unable to sustain the recovery. As of writing, BTC is trading at $98,226, reflecting a modest 1.8% gain in the past day. Interestingly, while Bitcoin’s price was higher at this time last week, today’s trading volume surpasses last week’s levels, climbing from $34 billion last Friday to over $55 billion today.

As the market navigates this uncertain period, investors and traders will be closely monitoring Bitcoin’s price action and key metrics like funding rates to gauge the potential for a sustained recovery. While the current fear in the market may be a cause for concern, history suggests that such sentiment extremes could present opportunities for those who can spot the signs of a trend reversal.

Tags: Bitcoin, Binance, funding rates, market sentiment, price rebound, retail traders, trend reversal

Source: https://www.newsbtc.com/bitcoin-news/could-fear-fuel-bitcoin-comeback-analyst-spots-a-surprising-pattern/

Shiba Inu (SHIB), the popular meme coin, is currently facing significant bearish pressure as several key metrics, including burn rate and trading volume, have experienced notable declines. The broader crypto market correction, triggered by Bitcoin’s price drop below $100,000, has further contributed to the downward trend in SHIB’s price.

The recent 61% crash in Shiba Inu’s burn rate over a 72-hour period, coupled with the dip in trading volume below $400 million, suggests waning investor interest and potential for further price declines. While the burn rate has seen a short-term recovery, jumping by 470% in the last 24 hours, the overall trend remains bearish.

Technical indicators, such as Moving Averages (MAs) and the Relative Strength Index (RSI), also point towards a bearish outlook for SHIB. The MAs are currently in the red, while the RSI sits at a neutral level of 31%. On-chain data from IntoTheBlock further confirms the bearish sentiment, with 57% of Shiba Inu holders experiencing losses.

The ongoing trade war between the United States and several other countries has also contributed to the overall market volatility, affecting not only major cryptocurrencies but also meme coins like SHIB. As a result, Shiba Inu’s price has plummeted to new lows around $0.000015, driven by decreased investor confidence and bearish technical indicators.

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Investors and traders should closely monitor the market conditions and exercise caution when considering positions in Shiba Inu, as the current bearish trend may persist in the short term. However, the meme coin’s strong community support and potential for future developments could contribute to a recovery in the longer term.

Tags: Shiba Inu, SHIB, Crypto Market, Bearish Trend, Technical Analysis, Burn Rate, Trading Volume

Source: https://bitcoinist.com/shiba-inu-burn-rate-crashes-61/

Recent on-chain data reveals a significant concentration of Shiba Inu (SHIB) supply in the hands of just ten large holders, raising concerns about potential market volatility and manipulation. According to analytics firm Santiment, the top 10 SHIB whales control a staggering 61.3% of the memecoin’s total supply.

In comparison, Ethereum (ETH) has 46.1% of its supply held by the top 10 whales, while Chainlink (LINK) and Toncoin (TON) have a more evenly distributed supply at 33.1% and 32.8%, respectively. This high level of centralization in SHIB ownership could lead to sharp price fluctuations if these whales decide to sell their holdings.

However, the data also suggests that these large holders have been holding tight to their SHIB tokens over the past few months, which could signal confidence in the project. Santiment notes that if these whales continue to hold or accumulate, it could potentially reward smaller traders who rely on the behavior of these key stakeholders.

Despite this, the concentration of supply in a few hands makes SHIB more susceptible to price manipulation and volatility compared to other altcoins with a more balanced distribution. Investors should be aware of the risks associated with such a centralized ownership structure and exercise caution when trading or investing in SHIB.

At the time of writing, Shiba Inu is trading around $0.0000152, down almost 22% over the last week. The memecoin’s future price action may largely depend on the decisions of these top 10 whales, making it crucial for traders to monitor their behavior closely.

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Tags: Shiba Inu, SHIB, Whales, Supply Distribution, Market Volatility, Altcoins, Cryptocurrency

Source: https://www.newsbtc.com/shiba-inu/61-3-of-shiba-inu-supply-compares-other-altcoins/

Gemini, the popular cryptocurrency exchange founded by the Winklevoss twins, is reportedly exploring a potential initial public offering (IPO). According to sources familiar with the matter, Gemini has been meeting with advisers to discuss the feasibility of going public, although no final decision has been made.

The news of Gemini’s potential IPO comes at a time when the crypto industry is experiencing a resurgence, particularly under the favorable conditions created by President Donald Trump’s second term. Trump’s administration has taken steps to provide regulatory clarity and support for cryptocurrencies, including the establishment of a Bitcoin reserve and the creation of a dedicated group focused on crypto.

If Gemini proceeds with an IPO, it would join a growing list of crypto companies looking to tap into public markets. The move could provide Gemini with additional capital to expand its operations and compete with other leading crypto exchanges. With a strong reputation and a significant presence in major cities like London, New York, and Dublin, Gemini is well-positioned to attract investor interest.

However, going public also comes with risks. The inherent volatility of the crypto market could impact Gemini’s valuation, potentially putting small investors and retail traders at risk. Moreover, the company may face increased regulatory scrutiny and compliance challenges as a publicly listed entity.

From a market perspective, a successful Gemini IPO could further legitimize cryptocurrencies as a mainstream asset class. Similar to the approval of spot Bitcoin and Ethereum ETFs, a publicly traded Gemini could attract capital from traditional financial institutions and boost overall market sentiment.

On the technical front, a bullish breakout above the $40,000 level for Bitcoin could provide additional tailwinds for Gemini’s potential IPO. However, traders should remain cautious and closely monitor key support levels, as any significant pullback could dampen enthusiasm for crypto-related public offerings.

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Tags: Gemini, IPO, Crypto, Bitcoin, Winklevoss Twins

Source: https://bitcoinist.com/gemini-eyes-ipo-backed-by-winklevoss-twins/

The FBI has issued a warning about a rising trend in cryptocurrency-related scams exploiting Valentine’s Day. Scammers are using fake identities and deceptive websites to lure victims into fraudulent investments, aiming to steal their funds.

This alert from the FBI Philadelphia Field Office highlights the growing prevalence of crypto scams and the need for heightened vigilance among investors. As Valentine’s Day approaches, it is crucial for individuals to be cautious of unsolicited investment offers, especially those involving cryptocurrencies.

The FBI’s warning underscores the importance of due diligence when considering any investment opportunity. Investors should thoroughly research any platform or individual offering crypto investments, and be wary of promises of guaranteed returns or high-pressure sales tactics.

This news serves as a reminder that the crypto market, while offering potential for growth, is also a target for fraudulent activities. As the market continues to evolve, it is essential for investors to stay informed, protect their assets, and report any suspicious activities to the appropriate authorities.

Tags: FBI, Cryptocurrency Scams, Valentine’s Day, Crypto Fraud, Investment Scams

Source: https://news.bitcoin.com/fbi-warns-valentines-day-to-bring-a-surge-in-crypto-fraud-dont-get-trapped/

Coinbase, the largest U.S. crypto exchange, has quietly transformed into a financial giant, now holding $420 billion in assets and rivaling major banks and brokerages. CEO Brian Armstrong envisions a future where cryptocurrency dominates the financial services industry.

This development highlights the growing mainstream adoption and influence of cryptocurrencies. As Coinbase expands its offerings and integrates more traditional financial services, it sets the stage for a potential paradigm shift in the banking sector. The exchange’s massive asset holdings underscore the increasing flow of institutional and retail funds into the crypto space.

The implications of Coinbase’s growth are significant for the broader market. As more investors gain exposure to cryptocurrencies through trusted platforms like Coinbase, liquidity and stability in the market are likely to improve. Furthermore, the company’s expanding suite of services, including staking, lending, and institutional custody, could drive increased demand for various digital assets.

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However, regulatory challenges remain a key concern as Coinbase navigates the evolving landscape of crypto regulations. The exchange’s ability to maintain compliance while pushing the boundaries of traditional finance will be critical to its long-term success.

As Coinbase continues to grow and shape the future of finance, it is clear that cryptocurrencies are here to stay. The exchange’s ascent to banking giant status is a testament to the disruptive potential of blockchain technology and the increasing mainstream acceptance of digital assets.

Tags: Coinbase, Crypto Banking, Digital Assets, Financial Services, Market Adoption

Source: https://news.bitcoin.com/coinbase-quietly-becomes-a-banking-giant-now-bigger-than-most-us-banks/

Recent data from CryptoQuant reveals that Bitcoin has experienced the largest volume of exchange withdrawals since the collapse of FTX. Over 47,000 BTC were removed from exchange reserves, indicating potential accumulation by large market players or institutional entities. While this trend typically signals a long-term bullish perspective, the shift may not produce an immediate supply shock capable of impacting Bitcoin’s price in the short term.

The current market sentiment remains cautious, with Bitcoin trading above $97,000, a 6.5% decline over the past week. However, analysts point to several factors that could contribute to a potential breakout. The Coinbase Premium Index, which compares Bitcoin’s price on Coinbase to other exchanges, suggests strong buying interest from institutional investors. Additionally, the crossover of key moving averages, SMA14 and SMA60, indicates a possible build-up of bullish momentum.

Bitcoin’s increasing correlation with gold and the S&P 500 also suggests that the cryptocurrency’s performance may align more closely with traditional risk assets. If the broader financial markets adopt a “risk-on” sentiment, Bitcoin could see an upward trend. Furthermore, Federal Reserve Chairman Jerome Powell’s recent comments regarding the limited impact of employment data on inflation have helped stabilize market expectations, potentially fostering positive sentiment toward Bitcoin and other risk assets.

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As the crypto market continues to evolve, investors and traders will closely monitor Bitcoin’s price action and broader market trends to capitalize on potential opportunities. The recent exchange withdrawals and accumulation by large players may set the stage for future price appreciation, but the immediate impact remains uncertain.

Tags: Bitcoin, Cryptocurrency, Market Analysis, Exchange Withdrawals, Institutional Investors

Source: NewsbtcBTC

Crypto analyst Javon Marks has made a bold prediction for Dogecoin, suggesting that the meme coin could potentially reach $20 in the current market cycle. According to Marks’ technical analysis, DOGE has historically shown impressive exponential growth during bull runs, with a 90x surge in 2017 and a 306x rally in 2021 that peaked at its all-time high of $0.7316.

Using this pattern, Marks proposes that a similar or even greater increase could occur, pushing DOGE to new heights. An 85x surge from its current price of $0.24 would align with the 2017 returns and bring Dogecoin to $20. However, for DOGE to reach such a price point, its market capitalization would need to grow significantly more than in previous cycles, reaching around $3 trillion with the current circulating supply.

The feasibility of this prediction largely depends on the overall growth of the crypto market, particularly Bitcoin. If BTC were to experience an extreme bull run and reach a valuation between $1-2 million, it could potentially create an environment where meme coins like DOGE could see parabolic price gains. However, such a scenario would likely require a massive capital injection into the market, which remains speculative at this point.

While the idea of Dogecoin reaching $20 is undoubtedly exciting for investors, it’s essential to approach such predictions with caution and consider the market cap implications. As always, thorough research and risk management should be prioritized when making investment decisions.

Tags: Dogecoin price prediction, DOGE, crypto market analysis, Javon Marks, Bitcoin bull run

Source: https://bitcoinist.com/dogecoin-price-could-reach-20/

In a significant development for the cryptocurrency industry, top U.S. lawmakers have pledged to pass legislation aimed at providing regulatory clarity for digital assets. Ripple, a leading blockchain company, has hailed this move as “100% a big deal,” highlighting the unprecedented shift in the regulatory landscape.

The commitment from Congress to establish clear regulations for cryptocurrencies comes on the heels of directives from President Biden, signaling a coordinated effort to create a more conducive environment for the industry’s growth. This development has been met with optimism from various stakeholders, who have long advocated for regulatory certainty to foster innovation and mainstream adoption.

The implications of this regulatory push are far-reaching, as it could potentially pave the way for greater institutional involvement and mainstream acceptance of cryptocurrencies. Clear guidelines and a well-defined legal framework would provide the necessary safeguards and assurances for businesses and investors, encouraging them to engage with digital assets with greater confidence.

From a market perspective, the anticipation of regulatory clarity could serve as a catalyst for increased liquidity and stability in the cryptocurrency market. As more institutional players enter the space and retail investors feel more secure in their investments, the overall market sentiment may experience a positive shift, leading to potential price appreciation for major cryptocurrencies like Bitcoin and Ethereum.

Additionally, the regulatory progress could have a ripple effect on the broader blockchain ecosystem, fostering the development and adoption of decentralized applications (dApps) and other innovative solutions built on blockchain technology. As regulatory uncertainties are addressed, developers and entrepreneurs may feel more empowered to explore new use cases and push the boundaries of what is possible with blockchain.

While the details of the proposed legislation are yet to be unveiled, the fact that lawmakers are actively working towards providing clarity is a significant step forward. The cryptocurrency community eagerly awaits further developments and the potential impact this regulatory shift will have on the future of digital assets.

Tags: Ripple, Congress, Crypto Regulation, Regulatory Clarity, Market Impact

Source: https://news.bitcoin.com/ripple-congress-crypto-clarity-push-is-100-a-big-deal-a-shift-like-never-before/

As the crypto market eagerly awaits the possibility of an altcoin season, a new technical analysis of Bitcoin Dominance (BTC.D) reveals striking similarities between the 2021 and 2025 market cycles. The analysis, conducted by crypto analyst Luca on X (formerly Twitter), questions whether history is about to repeat itself and if altcoins are on the brink of another bull run.

Luca’s chart comparison of BTC.D market cap in 2021 and 2025 shows an eerily similar pattern. In both cycles, BTC.D deviated from a key resistance level, leading to a mass sell-off in altcoins. However, in 2021, after the deviation, Bitcoin dominance fell sharply to a green zone between 58% and 60%, which corresponded with a major rally that sparked the altcoin season.

In the 2025 BTC.D chart, Luca highlights the next green zone around 54.56%. If historical trends repeat, a drop to this level could potentially trigger a similar rally and kickstart the anticipated altcoin season. The fate of altcoins in this bull market now hinges on BTC.D’s next move.

However, not all analysts are convinced that an altcoin season is imminent. In another X post, crypto analyst Brucer argues that the 2025 altcoin season may not occur, citing three primary reasons: the uniqueness of each market cycle, altcoins struggling to regain previous highs, and the need for significant macroeconomic changes.

As the market closely watches Bitcoin’s dominance, the question remains: will history repeat itself, or will the 2025 cycle chart its own course? The answer could determine whether investors should prepare for an altcoin frenzy or temper their expectations.

Tags: Bitcoin dominance, altcoin season, technical analysis, market cycles, crypto trading

Source: https://www.newsbtc.com/news/bitcoin/bitcoin-dominance-2021-vs-2025/