📊 JUST IN : Bitcoin hits $98,000

💰 Coinbase director Conor Grogan revealed that Satoshi Nakamoto may own 1.096 million #bitcoins💰 worth $108 billion, surpassing Bill Gates in wealth.

There have been 24 transfer transactions from these addresses, with the most frequent target being CaVirtEx, now owned by Kraken. #Kraken may have information on Nakamoto's identity as their last activity was in 2014.

🚨🚨 JUST IN: Over 70% of institutional traders surveyed by JPMorgan have no plans to trade #crypto in 2025.

📊 JUST IN : Bitcoin hits $99,000

💰 $SOL Solana hits a major milestone, one full year without a network outage, its longest streak ever.

🚨🚨 JUST IN: #Pumpfun 🚀 hit with a cease and desist letter from Burwick Law and Wolf Popper LLP over some meme coins allegedly violating trademarks.

💰 Shiba Inu partners with UAE's 🇦🇪 Ministry of Energy and Infrastructure to use its blockchain applications in various public sector services.

📊 Market Overview:

BTC : $98362
ETH : $2773.94
SOL : $198.31
BNB : $583.34

📈 Market Cap :

Total : 3.34T
DeFi : 104.98B
24hr Vol : 135.73B

⚡ Sentiment :

FGI : Neutral (49)
Open Interest : 59.92B
24h Liquidation : $190.6M

The worst altcoin crash I’ve seen since the covid crash.

But opportunities often emerge from chaos.

In my opinion, altcoins are unlikely to experience another major drop but the market needs time to consolidate and reset Open Interest after the largest liquidation event in history.

The majority of memecoins and Pumpdotfun tokens have failed, with many experiencing a retracement of 70-90% on average within just a few weeks, and most tokens dropping to almost zero.

According to our previous analysis, dominance was expected to top around 61%. However, the emergence of $TRUMP and $MELANIA, along with other overhyped, high-market-cap tokens, has negatively impacted existing altcoins, making them look even weaker for now. That said, with a massive 36.4 million tokens in the market, a dominance level of 62-64% is considered reasonable for rotation into altcoins, potentially reviving the crypto market.

Since spring and Q1 are often favorable periods, the local bottom should be forming soon, and we might see a bounce in mid February.

ALTCOINS

86% of all real world assets onchain are on Ethereum + Ethereum L2s

Once $ETH gains momentum, other altcoins tend to follow. However, L2 and RWA tokens are likely to benefit more and may outperform other sectors

#Bitcoin's move played out exactly as expected. It broke out of the wedge, got rejected at the $100,000 level, and has now retraced to the dynamic support line, which was previously the wedge's resistance.

We need to wait for further consolidation.

Stay confident in the market’s recovery.

The local bottom should be forming soon.

If you’ve been in this market long enough, you know that crypto is nothing without altseason.

Stay safe, have fun, and don’t get liquidated.

The green starts once everyone thinks it's all over

https://x.com/thebull_crypto/status/1888219692516721077

I'm adding more $BIO here!

Reversal is inevitable.