π Bitcoin Sell-Off: A Classic Breakout and Retest Setup? π
π΅οΈββοΈ Analysts from CoinDesk suggest that Bitcoinβs recent drop could be part of a βbreakout and retestβ pattern, which historically leads to bigger rallies.
π Hereβs the idea: After breaking past resistance levels (like the $73,757 mark last November), Bitcoin may revisit that level for confirmation. If it holds, expect a potential bullish bounce and a new rally.
This pattern has worked beforeβjust look at Bitcoin's moves in 2020 and 2023. π
But beware: if the price fails to bounce, it could signal deeper declines. π§
Is this the start of another rally? Only time will tell. β³
π Read More on CoinDesk
π΅οΈββοΈ Analysts from CoinDesk suggest that Bitcoinβs recent drop could be part of a βbreakout and retestβ pattern, which historically leads to bigger rallies.
π Hereβs the idea: After breaking past resistance levels (like the $73,757 mark last November), Bitcoin may revisit that level for confirmation. If it holds, expect a potential bullish bounce and a new rally.
This pattern has worked beforeβjust look at Bitcoin's moves in 2020 and 2023. π
But beware: if the price fails to bounce, it could signal deeper declines. π§
Is this the start of another rally? Only time will tell. β³
π Read More on CoinDesk
π7π2
π BNB Chain and TRON Lead in USDT Use πΈ
BNB Chain and TRON continue to dominate the stablecoin game, with 6.97M and 6.78M active addresses using USDT monthly. π
In 3rd place, we have Polygon with 1.39M active addresses, beating Ethereum (1.08M). Looks like the big chains are still leading the pack when it comes to stablecoin adoption! π
Which chain do you use for USDT?
π - Tron
π₯ - BNB
π³ - Ethereum
β‘οΈ - Polygon
π - Ton
π - Other
BNB Chain and TRON continue to dominate the stablecoin game, with 6.97M and 6.78M active addresses using USDT monthly. π
In 3rd place, we have Polygon with 1.39M active addresses, beating Ethereum (1.08M). Looks like the big chains are still leading the pack when it comes to stablecoin adoption! π
Which chain do you use for USDT?
π - Tron
π₯ - BNB
π³ - Ethereum
β‘οΈ - Polygon
π - Ton
π - Other
β€5π5π₯2π€©1π1
π₯· Hackers Steal $480M in ETH from Bybit, Convert to Bitcoin!
Hackers behind the Bybit exchange attack have moved over 209,000 ETH (~$480M) into Bitcoin, with a large portion ($240M) swapped via ThorChain, a decentralized cross-chain protocol. βοΈ
Since the attack, more than 161,000 ETH (~$370M) have been transferred through 3,934 transactions. FBI and blockchain investigators blame North Korean hacker group Lazarus, known for laundering through DeFi protocols. π
The total stolen exceeds 400,000 ETH (~$1.4B at the time), though some funds were frozen. ThorChain saw record trading volumes of $737M, while validators tried to block transfers, but decentralization overruled their decisions. π€·
Bybit has offered a reward of 15% for help freezing or recovering the stolen funds.
Hackers behind the Bybit exchange attack have moved over 209,000 ETH (~$480M) into Bitcoin, with a large portion ($240M) swapped via ThorChain, a decentralized cross-chain protocol. βοΈ
Since the attack, more than 161,000 ETH (~$370M) have been transferred through 3,934 transactions. FBI and blockchain investigators blame North Korean hacker group Lazarus, known for laundering through DeFi protocols. π
The total stolen exceeds 400,000 ETH (~$1.4B at the time), though some funds were frozen. ThorChain saw record trading volumes of $737M, while validators tried to block transfers, but decentralization overruled their decisions. π€·
Bybit has offered a reward of 15% for help freezing or recovering the stolen funds.
π9πΎ2β€1
π Standard Chartered Predicts Further Bitcoin Drop to $69Kβ$76.5K
Standard Charteredβs Geoffrey Kendrick expects Bitcoin to fall to $69,000β$76,500 by Monday, citing ETF outflows and hedge funds increasing short positions.
π» BTC dipped below $79K overnight and is now around $81.4K
π ETF outflows surged, with over $1B in redemptions on Tuesday
π Hedge fund short positions grew from $7.9B to $11.3B since November
Kendrick sees the dip as a buying opportunity but warns of possible panic selling if BTC continues to decline. Will history repeat itself, like in August 2024? ππ
Standard Charteredβs Geoffrey Kendrick expects Bitcoin to fall to $69,000β$76,500 by Monday, citing ETF outflows and hedge funds increasing short positions.
π» BTC dipped below $79K overnight and is now around $81.4K
π ETF outflows surged, with over $1B in redemptions on Tuesday
π Hedge fund short positions grew from $7.9B to $11.3B since November
Kendrick sees the dip as a buying opportunity but warns of possible panic selling if BTC continues to decline. Will history repeat itself, like in August 2024? ππ
π8β€3
π Bitcoin Hits $95K After Trumpβs Crypto Reserve Signals! πΊπΈπ°
On March 2, Bitcoin surged to $95,000 following Donald Trumpβs hints at including SOL, XRP, and ADA in the U.S. crypto reserve alongside BTC and ETH. His advisor, David Sacks, suggested that Trump will address industry leaders on March 7. π
Despite a pullback to $91,600, market sentiment remains bullish. SOLβs rally could push CME to list futures for it, with ADA & XRP potentially following. However, some experts criticize Trumpβs multi-crypto approach, arguing Bitcoin should remain the primary reserve asset. π°
π₯ The crypto community is watching closely as the U.S. moves toward strategic crypto holdings!
On March 2, Bitcoin surged to $95,000 following Donald Trumpβs hints at including SOL, XRP, and ADA in the U.S. crypto reserve alongside BTC and ETH. His advisor, David Sacks, suggested that Trump will address industry leaders on March 7. π
Despite a pullback to $91,600, market sentiment remains bullish. SOLβs rally could push CME to list futures for it, with ADA & XRP potentially following. However, some experts criticize Trumpβs multi-crypto approach, arguing Bitcoin should remain the primary reserve asset. π°
π₯ The crypto community is watching closely as the U.S. moves toward strategic crypto holdings!
π6π₯1
π¨ Binance to Delist Non-MiCA Stablecoin Pairs on March 31
π Binance will remove trading pairs with non-MiCA compliant stablecoins for EEA users on March 31, 2025. Affected assets include USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG.
Users are advised to convert their holdings to USDC, EURI, or EUR in advance. Trading bots for these pairs will also be disabled. π€·
π Spot trading ends March 31
π Margin trading closes March 27
π Conversions will remain available via Binance Convert
π Binance will remove trading pairs with non-MiCA compliant stablecoins for EEA users on March 31, 2025. Affected assets include USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG.
Users are advised to convert their holdings to USDC, EURI, or EUR in advance. Trading bots for these pairs will also be disabled. π€·
π Spot trading ends March 31
π Margin trading closes March 27
π Conversions will remain available via Binance Convert
πΎ3β€1π1
π Bitcoinβs February Drop, but March Starts Strong!
February was one of Bitcoinβs worst months in history, falling -17%, disappointing bullish expectations. π€·
However, March has started strong (+9.3%), fueled by a historic $16,000 wick on the weekly chart. While the candle wasnβt fully bullish, such a long shadow could signal a potential reversal and a strong rally ahead.
Will March bring a major comeback? π
February was one of Bitcoinβs worst months in history, falling -17%, disappointing bullish expectations. π€·
However, March has started strong (+9.3%), fueled by a historic $16,000 wick on the weekly chart. While the candle wasnβt fully bullish, such a long shadow could signal a potential reversal and a strong rally ahead.
Will March bring a major comeback? π
β€5π1
Eric Trump: the decision to announce the crypto reserve was genius! π³
Eric Trump criticized traditional finance, saying it must adapt to the 24/7 crypto industry or face extinction.
He praised Donald Trump's Sunday announcement of a U.S. crypto reserve, calling it a genius move that gave retail investors an edge while Wall Street slept. π₯±π
Is it just us, or does Eric Trump seem to be quietly mocking all of us? π€
Eric Trump criticized traditional finance, saying it must adapt to the 24/7 crypto industry or face extinction.
He praised Donald Trump's Sunday announcement of a U.S. crypto reserve, calling it a genius move that gave retail investors an edge while Wall Street slept. π₯±π
"The world no longer runs on a Mon-Fri, 9 to 5 schedule!"
Is it just us, or does Eric Trump seem to be quietly mocking all of us? π€
π€4π2β€1π»1
Arthur Hayes Dismisses Trumpβs Crypto Reserve Plans! π¨
Arthur Hayes is skeptical about Trumpβs crypto reserve announcement, calling it βjust wordsβ until Congress approves the plan and secures funding. π
He argues that without congressional approval to borrow money or revalue gold, thereβs no way to purchase Bitcoin or altcoins. π§
So, until the real action happens, Hayes isn't impressed. π€·
Arthur Hayes is skeptical about Trumpβs crypto reserve announcement, calling it βjust wordsβ until Congress approves the plan and secures funding. π
He argues that without congressional approval to borrow money or revalue gold, thereβs no way to purchase Bitcoin or altcoins. π§
So, until the real action happens, Hayes isn't impressed. π€·
π€7π4
πTop 15 cryptocurrencies with a market capitalization of over $1 billion, showing the highest growth after Trump's announcement about adding altcoins to the US strategic reserves. π°
The leaders were mainly US-based projects: ADA, XRP, CRO, SOL, ONDO, LINK, FET, ALGO, TRUMP, WLD, and RENDER.
Also included in the list are BTC and several exchange tokens: WBT, TKX, and BGB.
The leaders were mainly US-based projects: ADA, XRP, CRO, SOL, ONDO, LINK, FET, ALGO, TRUMP, WLD, and RENDER.
Also included in the list are BTC and several exchange tokens: WBT, TKX, and BGB.
π4β€1
π¨π³ David Bailey, CEO of Bitcoin Magazine, reveals that China has been secretly discussing the creation of a BTC reserve since the US presidential elections.
The country is exploring the idea of holding Bitcoin as a strategic reserve, though the discussions remain behind closed doors. π
This move could be part of China's broader strategy to diversify its reserves and reduce dependence on traditional assets.
The possibility of China entering the Bitcoin market with such a reserve is a significant development, though it remains unclear how far these talks will go. π€
The country is exploring the idea of holding Bitcoin as a strategic reserve, though the discussions remain behind closed doors. π
This move could be part of China's broader strategy to diversify its reserves and reduce dependence on traditional assets.
The possibility of China entering the Bitcoin market with such a reserve is a significant development, though it remains unclear how far these talks will go. π€
π12β€3π»1
Crypto soothsayer
π Eric Trump: "Now's a Great Time to Buy BTC & ETH!" π§ Eric Trump, son of Donald Trump, just posted on X that "Feels like a great time to enter BTC", while also tagging World Liberty Financial, where he's listed as a Web3 ambassador. πΉ Feb 4: He said theβ¦
π¨ Eric Trump is at it againβthis time advising everyone to HODL Bitcoin! π§
Does this mean another dump is coming? ππ
Does this mean another dump is coming? ππ
π6β€1π»1
β‘οΈ Bitcoin just plunged from $93,000 to $89,000 in a flash crash!
According to Coinglass, a whale on Bybit got liquidated for $10M in a single order on BTC/USD, contributing to over $100M in liquidations in the past hour. π
Was this just a dipβor the start of something bigger? π€π
β οΈ The market is extremely volatile right nowβstay cautious! π¨
According to Coinglass, a whale on Bybit got liquidated for $10M in a single order on BTC/USD, contributing to over $100M in liquidations in the past hour. π
Was this just a dipβor the start of something bigger? π€π
β οΈ The market is extremely volatile right nowβstay cautious! π¨
β€6π4
π OnlyFans model Amouranth shared a shocking story where burglars broke into her home and tried to steal around $20 million worth of cryptocurrency! π°π₯·
The criminals forced her to transfer the funds, but when they handed her a phone, she somehow managed to tweet a call for help. Fortunately, everything ended well, and more than thatβshe was able to shoot one of the intruders. π
Amouranth had previously shown on social media that her accounts held 211 BTC and 22 ETH. π
The criminals forced her to transfer the funds, but when they handed her a phone, she somehow managed to tweet a call for help. Fortunately, everything ended well, and more than thatβshe was able to shoot one of the intruders. π
Amouranth had previously shown on social media that her accounts held 211 BTC and 22 ETH. π
π11π2β€1π1
π» The Most Bearish Week of the Year
The Sunday bull run lasted a whole two hoursβcongrats to everyone who managed to take profits on the bounce! π€
Like this insider (π wallet link), who went 50x long right before the crypto reserve announcement. π―
Meanwhile, Trump just doubled tariffs on China (π source), and China hit back with 10-15% tariffs on US goods.
π Market Reaction:
βͺοΈFormer gainers ($SOL, $ADA, $XRP) lead the crash
βͺοΈ$BTC back to $83K
βͺοΈFear & Greed Index: 15
βͺοΈCrypto market wiped out $300B (-10%)
In this volatility, the best move might be no move at all π§
The Sunday bull run lasted a whole two hoursβcongrats to everyone who managed to take profits on the bounce! π€
Like this insider (π wallet link), who went 50x long right before the crypto reserve announcement. π―
Meanwhile, Trump just doubled tariffs on China (π source), and China hit back with 10-15% tariffs on US goods.
π Market Reaction:
βͺοΈFormer gainers ($SOL, $ADA, $XRP) lead the crash
βͺοΈ$BTC back to $83K
βͺοΈFear & Greed Index: 15
βͺοΈCrypto market wiped out $300B (-10%)
In this volatility, the best move might be no move at all π§
π8
Peter Schiff Calls Trumpβs Crypto Move the Biggest Rug Pull in History! π₯
Economist Peter Schiff accused Trump of orchestrating the largest crypto scam ever and called for a Congressional investigation.
Schiff demands answers:
π Who wrote Trumpβs Sunday crypto posts?
π Who had insider info & bought XRP, ADA, SOL, BTC, and ETH before the pump?
π Who dumped at the peak & how much did they make?
π Any emails/messages linking Trumpβs staff, family, or donors to the posts?
Even die-hard crypto fans canβt ignore how shady this looks. Biggest rug pull ever? π§
Economist Peter Schiff accused Trump of orchestrating the largest crypto scam ever and called for a Congressional investigation.
Schiff demands answers:
π Who wrote Trumpβs Sunday crypto posts?
π Who had insider info & bought XRP, ADA, SOL, BTC, and ETH before the pump?
π Who dumped at the peak & how much did they make?
π Any emails/messages linking Trumpβs staff, family, or donors to the posts?
Even die-hard crypto fans canβt ignore how shady this looks. Biggest rug pull ever? π§
π12π€2π»1
Bybit Hackers Laundered $1.4B in Just 10 Days πΈ
π₯· The hackers who stole 499,000 ETH ($1.4B) from Bybit successfully laundered all funds through decentralized platforms like THORChain, according to EmberCN. A significant chunk was swapped for Bitcoin.
THORChain hit record volume: $4.66B in a week, $1B in a single day Funds split & moved via THORChain, Paraswap, Mantle, OK DEX, and DODO. π THORChainβs transaction fees surged to $5.5M ππ°.
Bybit CEO Ben Zhou claims 77% of funds are still traceable, 20% vanished, and 3% were frozen. The exchange paid $2.17M in USDT to firms aiding recovery.
π₯· The hackers who stole 499,000 ETH ($1.4B) from Bybit successfully laundered all funds through decentralized platforms like THORChain, according to EmberCN. A significant chunk was swapped for Bitcoin.
THORChain hit record volume: $4.66B in a week, $1B in a single day Funds split & moved via THORChain, Paraswap, Mantle, OK DEX, and DODO. π THORChainβs transaction fees surged to $5.5M ππ°.
Bybit CEO Ben Zhou claims 77% of funds are still traceable, 20% vanished, and 3% were frozen. The exchange paid $2.17M in USDT to firms aiding recovery.
π10πΎ3
π Bitcoin to Stay in $80K-$100K Range for Months? π
CryptoQuant analysts suggest BTC may stay between $80K-$100K for the next 2-3 months, following past corrective patterns. ππ
π Historical Trend:
βͺοΈSimilar corrections in 2023 & 2024 lasted ~6 months
βͺοΈA breakout above $100K could trigger a rally toward $130K π
Watching for resistance breaks might be key to spotting the next bull run. π€
CryptoQuant analysts suggest BTC may stay between $80K-$100K for the next 2-3 months, following past corrective patterns. ππ
π Historical Trend:
βͺοΈSimilar corrections in 2023 & 2024 lasted ~6 months
βͺοΈA breakout above $100K could trigger a rally toward $130K π
Watching for resistance breaks might be key to spotting the next bull run. π€
π8β€1π€1
Arthur Hayes: The KISS of Death & Bitcoinβs Future ππ΅
Arthur Hayes, in his latest article, predicts that the bull cycle for Bitcoin continues, with the worst-case scenario seeing BTC drop to $70,000. π€·
He believes that Donald Trump's policies will fuel a rise in U.S. government debt and an increase in money supply (#M2), which will serve as a positive driver for the crypto market. π°
The Federal Reserve could activate the money printer and lower interest rates, potentially injecting $2.74T-$3.24T into the markets. Hayes points out that during the pandemic, $4T inflows led to a 24x increase in Bitcoin's value. π§
With 70-80% of that amount potentially flowing now, Bitcoin could see a 10x growth. π
Arthur Hayes, in his latest article, predicts that the bull cycle for Bitcoin continues, with the worst-case scenario seeing BTC drop to $70,000. π€·
He believes that Donald Trump's policies will fuel a rise in U.S. government debt and an increase in money supply (#M2), which will serve as a positive driver for the crypto market. π°
The Federal Reserve could activate the money printer and lower interest rates, potentially injecting $2.74T-$3.24T into the markets. Hayes points out that during the pandemic, $4T inflows led to a 24x increase in Bitcoin's value. π§
With 70-80% of that amount potentially flowing now, Bitcoin could see a 10x growth. π
π9π€1
Last night, ETH dropped below $2,000 for the first time since December 2023. π
Bitcoin, however, didnβt fall as low as two days ago when it hit $78,000. This time, it dipped to $81,500 before rebounding close to $89,000.
π¬ DWF CEO on the Market:
πΉ "Donβt trust those predicting short-term moves. No one knows volatility."
πΉ "For mid-to-long term β buy spot and wait."
πΉ "Trading perps? Welcome to the $1B liquidated positions club haha."
Looks like the classic rollercoaster is back! Buckle up! π’
Bitcoin, however, didnβt fall as low as two days ago when it hit $78,000. This time, it dipped to $81,500 before rebounding close to $89,000.
π¬ DWF CEO on the Market:
πΉ "Donβt trust those predicting short-term moves. No one knows volatility."
πΉ "For mid-to-long term β buy spot and wait."
πΉ "Trading perps? Welcome to the $1B liquidated positions club haha."
Looks like the classic rollercoaster is back! Buckle up! π’
β5π3β€2π₯1