2.87M
4.37M
2024-12-05 07:00:00 ~ 2024-12-09 11:30:00
2024-12-09 13:00:00 ~ 2024-12-09 17:00:00
Total supply10.00B
Resources
Introduction
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
Solana (SOL) price has seen strong corrections over the past week, dropping 17% and falling below the $100 billion market cap. The Ichimoku Cloud chart indicates that bearish momentum remains dominant, with SOL trading below key trend indicators and reflecting downside pressure. Meanwhile, the Directional Movement Index (DMI) suggests that the strength of the current downtrend is still intact, though selling pressure appears to be weakening. With technical indicators showing mixed signals, SOL’s next move will depend on whether it can regain momentum or continue its decline toward lower support levels. SOL Ichimoku Cloud Show the Bearish Momentum Is Still Here The Ichimoku Cloud chart for Solana shows a predominantly bearish setup. The price is trading below the cloud, and the cloud itself is shaded red, indicating continued downside pressure. The Kijun-sen (red line) remains above the price, reinforcing the bearish bias, while the Tenkan-sen (blue line) is also positioned below the cloud, suggesting that short-term momentum is still weak. Additionally, the Senkou Span A (green cloud boundary) is trending below Senkou Span B (red cloud boundary), signaling that the broader trend remains downward. The fact that the price is below both the conversion and base lines further confirms that bears are in control. SOL Ichimoku Cloud. Source: TradingView. However, there are signs of potential stabilization, as SOL has recently attempted to push higher and is testing the Tenkan-sen. If the price can sustain momentum above this level, it may indicate an early shift in sentiment. The Lagging Span (green line) is still below the price action, meaning that no clear bullish confirmation is present yet. To establish a trend reversal, SOL would need to break above the cloud, which remains a key resistance zone. Until then, the prevailing Ichimoku structure suggests that the market is still in a corrective phase, with the cloud acting as a dynamic barrier to further upside movement. Solana DMI Shows the Downtrend Could Be Easing Solana Directional Movement Index (DMI) chart indicates that the Average Directional Index (ADX) is currently at 33.3 and has remained between 30 and 35 for the past four days. The ADX measures trend strength, with values above 25 generally indicating a strong trend and values below 20 suggesting weak or range-bound price action. A reading between 30 and 35, as seen in SOL’s case, confirms that the ongoing trend – whether bullish or bearish – is holding firm. However, the direction of the trend is determined by the movement of the +DI and -DI lines, which represent buying and selling pressure, respectively. SOL DMI. Source: TradingView. Currently, Solana +DI stands at 15.2 and has been stable around this level for the last three days, suggesting weak bullish momentum. Meanwhile, -DI has dropped to 24.2 after being as high as 32.6 just a day ago, indicating that selling pressure is easing. While SOL remains in a downtrend, the declining -DI suggests that bearish momentum may be weakening. If the +DI starts rising while -DI continues to drop, it could signal a potential trend reversal. However, as long as the ADX stays elevated and the -DI remains above the +DI, the downtrend remains dominant. SOL could still face further downside pressure before any meaningful recovery occurs. SOL Price Prediction: Will Solana Break Above $220 Soon? In recent days, Solana price has been hovering near the $200 level, consolidating within a tight range as market participants assess its next move. If bullish momentum returns, SOL could test the $211 resistance level in the near term. A successful breakout above this zone could open the door for further gains, with $223 as the next key target. Should buying pressure strengthen, SOL price could even rally toward $244, marking a potential 22% upside from current levels. However, for this scenario to play out, Solana needs sustained demand and a shift in momentum to overcome the recent bearish trend. SOL Price Analysis. Source: TradingView. On the downside, if the current downtrend persists and selling pressure intensifies, SOL could soon retest the $191 support level. A breakdown below this critical level may accelerate losses, potentially sending the price toward $181 or even as low as $168, representing a 15% further correction.
Ethereum (ETH) price is struggling to reclaim the $3,000 level as bearish momentum continues to weigh on its recovery. The RSI remains neutral, failing to break above 50 since February 1, indicating that buying pressure has yet to strengthen significantly. Meanwhile, the Directional Movement Index (DMI) shows that ETH is still in a downtrend, though selling pressure has started to ease slightly. With short-term EMAs still below long-term ones, ETH remains at risk of further declines unless momentum shifts in favor of the bulls. ETH RSI Failed to Break Above 50 Since February 1 Ethereum’s Relative Strength Index (RSI) is currently at 44.7, maintaining a neutral stance since February 3 after briefly plunging to 16.7 on February 2. The RSI is a momentum oscillator that measures the strength and speed of price movements on a scale from 0 to 100. Typically, an RSI above 70 signals overbought conditions, suggesting a potential price correction, while an RSI below 30 indicates oversold levels, often associated with buying opportunities. A reading between 30 and 70 is considered neutral, meaning the market lacks a clear bullish or bearish trend. ETH RSI. Source: TradingView. With ETH RSI at 44.7, it remains in neutral territory but continues to struggle to break above 50, a level it has failed to reach since February 1. This suggests that while bearish pressure has eased since the extreme oversold conditions of early February, buying momentum remains weak. If ETH can push its RSI above 50, it would indicate a shift toward bullish control, potentially leading to a stronger price recovery. However, failure to do so may signal prolonged consolidation or even renewed selling pressure, keeping ETH in a choppy trading range until stronger demand emerges. Ethereum DMI Shows The Current Trend Is Still Bearish Ethereum’s Directional Movement Index (DMI) chart shows that its Average Directional Index (ADX) is currently at 34.2, down from 40 just two days ago. The ADX measures trend strength, with values above 25 generally indicating a strong trend and values below 20 suggesting weak or range-bound price action. A reading of 34.2 confirms that ETH price is still in a well-defined trend, though the slight decline in ADX suggests that trend strength is weakening. ETH DMI. Source: TradingView. ETH’s +DI is currently at 16.7 and has been fluctuating between 14 and 18 over the past four days. That indicates a weak bullish momentum. Meanwhile, the -DI has dropped from 33.8 yesterday to 28.9, suggesting that selling pressure could be easing. Despite this, Ethereum remains in a downtrend, as the -DI is still significantly higher than the +DI. If the +DI begins to rise while the -DI continues to decline, it could suggest an early shift in momentum toward a potential trend reversal. However, as long as the -DI remains dominant and ADX holds above 25, ETH could continue facing downside risks before any significant recovery materializes. ETH Price Prediction: Will Ethereum Return To $3,000 In The Next Days? Ethereum Exponential Moving Average (EMA) lines continue to indicate a bearish trend, with short-term EMAs still positioned below long-term ones. This alignment suggests that downward pressure remains dominant, keeping ETH at risk of further declines. If this bearish momentum persists, Ethereum price could test the support level at $2,356, and a failure to hold this zone could lead to a deeper drop toward $2,163. The current EMA structure reflects a market where sellers remain in control, and a clear shift in trend would be required to reverse the ongoing decline. ETH Price Analysis. Source: TradingView. However, if ETH can regain positive momentum, it could make a move back toward the $3,000 level. A breakout above this psychological resistance could signal renewed bullish strength, potentially pushing ETH to $3,300. If buying pressure remains strong beyond this point, ETH price could even rally to $3,744, marking its highest price since January 6.
Germany’s far-right Alternative for Germany (AfD) party wants to blow up the country’s financial system as we know it with elections set for February 23. On Feb 6, they shared their wild plan to simply get Germany out of the Eurozone, deregulate Bitcoin trading and crypto wallets, and bring back the Deutsche Mark currency with gold reserves backing it. Their ideas go head-to-head with mainstream parties, who think they’ve lost their minds—but AfD doesn’t care. They want Germany out of the currency bloc and believe the Deutsche Mark can make a comeback if it’s tied to something solid like gold. “The Deutsche Mark is Germany’s true monetary identity,” AfD leaders claim , vowing to repatriate Germany’s gold reserves held abroad. Bitcoin deregulation, cash protection, and rejection of a digital euro Wallets, exchanges, and trading platforms should be free from what the AfD calls “unnecessary government interference.” Regulators have historically always kept a close eye on Bitcoin in Germany, but AfD leaders say it’s time for a reset. They’re also waging a war against the European Central Bank’s digital euro plan. They see it as a threat to financial freedom/privacy and a way to snoop on Germans’ finances. The party also opposes any EU-wide deposit guarantee scheme, which would pool risk across European banks to protect depositors. AfD said it doesn’t want German taxpayers footing the bill for bank failures in other countries. Their tax proposals follow the same logic—they want to eliminate the wealth tax and inheritance tax while increasing tax-free allowances on capital gains, dividends, and interest income. See also US SEC launches a 'crypto task force' website While AfD is lighting financial fires, Germany’s other major parties are more measured. Chancellor Olaf Scholz’s Social Democrats (SPD) are laser-focused on taxing the wealthy. They want a financial transaction tax on stock trades and plan to reintroduce the wealth tax, targeting millionaires and billionaires. Scholz’s party is promising that “the super-rich will do their part” in funding public services. They also want to tighten inheritance tax exemptions to force large estates to pay more. Meanwhile, the conservative CDU/CSU bloc, led by Friedrich Merz, is promising to turn Germany into Europe’s financial capital by making the country more attractive for startups and venture capital through tax incentives. They’re also committed to strengthening the European capital market union, which would make it easier for investments to flow across EU borders. Merz’s bloc is pushing for a digital euro but only if it benefits consumers. The CDU/CSU is also pushing for stronger customs enforcement to crack down on money laundering, a problem that has plagued Germany’s financial institutions in recent years, though their platform avoids specifics on how exactly they’ll achieve these goals. The Greens are playing the sustainability card, with a financial agenda centered around environmental and social responsibility. They want BaFin, Germany’s financial regulator, to have more power to fight greenwashing—when companies exaggerate their eco-friendly credentials. See also Thailand's TIDC appoints dao5 and Movement Labs founders as advisors The Greens also want every state investment to meet sustainability standards so that public money isn’t spent on harmful projects, and they also have plans for a nationwide service center to help states combat financial crime tied to crypto. The Greens also want to work on Germany’s transparency register so they can make it harder for companies to hide funds using corporate structures, and their tax plan includes limiting inheritance tax exemptions and introducing a global billionaire tax. Finally, the business-friendly Free Democrats (FDP), led by Christian Lindner, are trailing in the polls and may not make it into parliament. But their platform sticks to their core beliefs: lower taxes and fewer regulations. Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now
BTC Price Optimism Persists Despite Six-Figure Bitcoin Target Remaining Elusive As Bitcoin (BTC) approached the vital $100,000 mark, traders are focusing on multiple bullish signals that indicate potential price movements. Many market analysts remain optimistic as BTC shows signs of resilience, with spot market demand suggesting healthy investor interest amid volatility. “$BTC Trading at a pretty solid spot premium showing there’s plenty of spot demand around these levels,” noted trader Daan Crypto Trades. Trading Dynamics: A Tight Channel Emerges for Bitcoin Bitcoin recently traded around $98,000 as it entered a period of consolidating price action. Data from Cointelegraph Markets Pro and TradingView reveal that BTC/USD has been moving within a tight channel. While the six-figure Bitcoin price remains out of reach, this consolidation reflects traders adopting a wait-and-see approach. Popular trader Jelle highlighted a key observation, stating, “Higher low locking in… Objective remains the same, reclaiming $100k.” This pivot point suggests that reclaiming this mark could lead to additional upward momentum. Spot Market Demand Fuels Optimism for BTC Price Movement Another significant indicator of bullish sentiment comes from the spot market. As per insights from Daan Crypto Trades, the presence of a solid spot premium indicates robust demand. “This has made it so Bitcoin has held strong during all the recent turbulence,” he shared with followers. This positive sentiment is further supported by institutional interest, with major players like MicroStrategy accumulating Bitcoin rapidly. Daan Crypto Trades highlighted that this dynamic could lead to supply constraints, boosting BTC prices in the longer term. Technical Indicators Point to Potential Price Rallies Technical analysis also reveals that Bitcoin’s daily Relative Strength Index (RSI) is forming a confining channel with a potential breakout ahead. Trader Rekt Capital noted that this RSI setup holds an important significance for Bitcoin’s price trajectory. “The RSI is holding support at the Channel Bottom in preparation for a rally to the Channel Top over time,” he explained, suggesting that bullish momentum could soon be realized. Market Sentiment: Caution Amid External Volatility Risks Despite the prevailing optimism surrounding Bitcoin, trading firm QCP Capital issued a cautious note, indicating that Bitcoin might not be insulated from external shocks. The firm highlighted growing geopolitical tensions, particularly between the U.S. and China, which could negatively impact market stability. “BTC’s resilience above $90k is impressive, but we remain cautious about negative geopolitical shocks… the lack of near-term crypto-specific catalysts leaves the market vulnerable to negative price shocks,” QCP emphasized. Such sentiments underline the necessity for effective risk management practices among traders. Conclusion In conclusion, Bitcoin’s current performance reflects a complex interplay of bullish signals and external caution. The optimism surrounding BTC’s potential to reclaim the $100,000 mark is bolstered by spot market demand and positive technical patterns. Nonetheless, traders must remain alert to external factors that could induce volatility. As the market continues to evolve, sound risk management remains crucial for navigating these uncertain times. In Case You Missed It: SEC's New Crypto Enforcement Unit Led by Hester Peirce Could Foster Innovation Amid Regulatory Uncertainty
FTX Token (FTT) price is up following news that the exchange will begin payments to Bahamas creditors on February 18. Despite this positive development, FTT is still fighting to maintain levels above $2 as technical indicators show mixed signals. While RSI has recovered from oversold conditions and bullish momentum is building, ADX remains weak, suggesting that trend strength is not yet fully established. If FTT can break key resistance levels, it could push toward $3. However, a failure to hold current support may lead to a deeper pullback. FTT Downtrend Is Losing Its Steam, But the Uptrend Is Still Consolidating FTT DMI chart shows that its ADX has dropped to 23.4, down from 41 just four days ago. This decline suggests that the strength of the previous downtrend is weakening. ADX measures trend intensity but does not indicate direction. That means that while FTT is attempting to form an uptrend, the lower ADX suggests the momentum behind this move is not yet strong. If ADX falls further below 20, it could indicate consolidation, while a rebound above 25 would signal a strengthening trend. FTT DMI. Source: TradingView. ADX is a key part of the Directional Movement Index (DMI) that tracks trend strength. Values above 25 indicate a strong trend, and readings below 20 suggest weak or indecisive price action. Meanwhile, FTX Token +DI has surged to 27.7 from 14.1 in just one day, signaling increasing bullish pressure, while -DI has dropped from 26.5 to 15.3, showing that bearish momentum is fading. This crossover, where +DI moves above -DI, supports the case for an uptrend. If ADX starts rising again, FTT could see a stronger bullish continuation, but if ADX remains weak, the price may struggle to gain momentum. FTT RSI Is Rising Fast FTT’s Relative Strength Index (RSI) is currently at 59.2, up significantly from 22 just three days ago, after the announcement that FTX will start paying Bahamas creditors from February 18. This sharp increase suggests that buying pressure has returned after FTT was in oversold conditions. An RSI below 30 typically signals that an asset is oversold and due for a rebound, which aligns with FTT’s recent price recovery. Now approaching the 60 level, momentum is turning more bullish, though FTX Token still needs to push higher to confirm a strong upward continuation. FTT RSI. Source: TradingView. RSI is a momentum indicator that measures the strength and speed of price movements on a scale from 0 to 100. Readings above 70 suggest an asset is overbought and may be due for a pullback, while readings below 30 indicate oversold conditions and a potential price recovery. With FTT’s RSI now at 59.2, it is nearing overbought territory but still has room to climb. If RSI crosses above 60, it could indicate further bullish momentum. However, if it starts declining, FTT may consolidate before making its next move. FTT Price Prediction: Can FTT Rise to $3 In February? FTX Token’s EMA lines show that its short-term moving averages are still below the long-term ones but are gradually moving upward. If they cross above the long-term EMAs, it will form a golden cross. This is a bullish signal that could push FTT toward the next resistance levels at $2.32 to $2.44. A successful breakout above these levels could open the door for a further move to $2.77. Additionally, speculation around Donald Trump potentially pardoning FTX co-founder Sam Bankman-Fried could trigger a surge in FTT’s price, pushing it toward $3 or even $4. FTT Price Analysis. Source: TradingView. On the other hand, if FTT price fails to establish an uptrend, it may struggle to hold its current levels. A drop toward the $1.89 support could indicate weakening momentum. If that level is lost, the token could fall as low as $1.50. With EMA lines still in a bearish setup, the market remains at a critical point where either a confirmed breakout or a deeper pullback could unfold.
This is a segment from the Empire newsletter. To read full editions, subscribe . The days of bullish exchange listings may be over. I spent the morning reviewing price data for every coin listed on Binance and Coinbase since the start of last year. The results are rough. Newsletter Subscribe to Empire Newsletter Subscribe In total, there were 84 new listings across both exchanges — 45 on Binance and 40 on Coinbase. As of this morning, only 12 of those listings have increased in value from their initial trade price on either platform. On the chart below, each circle represents a different coin listing, starting on the far left in January 2024 and ending on the right with the most recent new addition on Coinbase, VVV. As you can see, VVV’s 40% collapse on its list price — despite its rally in its first few hours of trade — is not an outlier. Not shown: MOVE’s listing on Binance Since December, more than a dozen listings have suffered the same fate. MOODENG, MOG, MOVE, ACX, ORCA, GIGA, ME, TURBO, VELO, USUAL, AIXBT, CGPT, COOKIE, PNUT and TRUMP have all lose value since hitting either Coinbase or Binance — in many cases by more than two–thirds. Of course, there have been winners. AERO, the native token for Base liquidity hub Aerodrome, is up 640% since it was listed on Coinbase in February last year. DRIFT, the token for the Solana perps DEX, and ONDO, for the real-world asset platform, have also posted similarly great returns. Granted, we already know that most cryptocurrencies probably won’t make it. So perhaps it’s all par for the course. Coins, especially smaller-cap ones, are painfully tied to whatever happens to the price of bitcoin. Still, it’s obvious that it’s only a matter of time until the market realizes the paradigm has shifted. Historically, common sense has suggested that an exchange listing is a milestone for a coin — opening their markets up to wider investor bases and deeper liquidity. It wouldn’t surprise me if we start to see the general public urging projects not to list their coins on major exchanges moving forward. Tags Binance Coinbase Empire Newsletter exchanges
The competition among leading blockchain platforms is intensifying as Ethereum and Solana strive for dominance. Ethereum is renowned for its established ecosystem, while Solana boasts faster transaction speeds and lower fees. Both platforms are attracting developers and users with their unique offerings. As 2025 approaches, many wonder which will lead the Layer-1 space. Key factors such as scalability, security, and community support will influence the outcome. The increasing transactions on NOW Wallet indicate that investors are accumulating SOL and ETH, pointing to possible future growth. Solana’s Price Shows Potential for Growth Amid Market Fluctuations Solana (SOL) is trading between $222 and $265, experiencing a 6% dip over the past week but a 25% rise in the last month and a significant 66% increase over six months. The Relative Strength Index is at 47, indicating a neutral market. The nearest resistance levels are at $290 and $334, while support levels are at $203 and $160. The 10-day and 100-day simple moving averages are close, around $238 and $234, suggesting potential consolidation before a move. The stochastic oscillator is at 15, hinting at possible upward momentum. Despite recent fluctuations, these indicators suggest bullish potential. For secure and custody-free management of Solana without registration, the NOW Wallet app offers a convenient solution. >>> Manage and Diversify Your Crypto Portfolio Seamlessly with NOW Wallet <<< Ethereum’s Technical Indicators Hint at Potential Market Movement Ethereum is currently trading between $3102 and $3408, showing a slight decline over the past week and month but an increase of 11.83% over six months. The Relative Strength Index is at 54.08, indicating neutral market conditions. A Stochastic value of 20.66 suggests the asset may be approaching oversold territory. The MACD level is positive at 14.31, hinting at potential bullish momentum. With the nearest resistance level at $3584 and support at $2971, the price may test these thresholds. Reaching the second resistance at $3890 could represent a significant percentage increase from current levels. Observing these indicators provides insights into Ethereum’s market direction. For secure and custody-free management of Ethereum without registration, the NOW Wallet app offers a convenient solution. >>> Manage and Diversify Your Crypto Portfolio Seamlessly with NOW Wallet <<< Conclusion Both Ethereum and Solana offer unique opportunities to investors and traders. Ethereum, with its established network and vast range of applications, provides stability and a proven platform for smart contracts. Solana, known for its high-speed transactions and low fees, presents an innovative option for those interested in emerging technologies. For those holding these coins or looking to diversify, the NOW Wallet app can enhance the crypto experience. It ensures privacy and security without requiring registration or controlling user funds. NOW Wallet simplifies crypto management with easy fiat-to-crypto operations. Supporting storage and instant exchanges of thousands of tokens across major blockchains, it also offers built-in cross-chain swapping capabilities.
Regional banks and financial institutions in North America will now be able to offer business clients instant money transfers at any time of day, including emergency payments and transactions between accounts at different banks. Jack Henry is integrating Visa Direct into its Rapid Transfers service, enabling regional and community banks, as well as credit unions operating in North America, to provide small and medium-sized businesses with the ability to make instant payments and transfers to cards, bank accounts, and digital wallets. Specifically, the Visa Direct integration will enable: 24/7 instant transfers between accounts at different banks; uninterrupted access to funds for unexpected expenses, travel, or urgent payments; direct transfers to cards, bank accounts, and digital wallets, thanks to compatibility with multiple payment systems. Yanilsa Gonzalez-Ore, SVP at Visa for Money Movement North America, emphasized that the partnership with Jack Henry will help meet the growing demand for instant payments among small and medium-sized businesses served by regional banks. This initiative marks the first phase of a strategic collaboration between Jack Henry and cloud-based payment processor Moov, aimed at enhancing payment solutions for financial institutions and small businesses. In the near future, the company plans to expand the service’s capabilities with a cloud-based payment acceptance platform, helping regional banks boost competitiveness, attract new clients, and increase deposit volumes. On January 10, 2025, a new set of regulations partially took effect , requiring payment service providers (PSP) to ensure the real-time processing of credit payments across the European Union and beyond the eurozone. Full implementation is expected by 2028.
The Movement ecosystem has announced Cornucopia: a one-year initiative to increase liquidity in Movement DeFi. Cornucopia represents abundance, good harvest, and huge potential returns for all participants. The initiative is divided into several phases, with the first phase starting last week. Both Cornucopia’s Concrete Vault and Veda Vault are now open. About Cornucopia Cornucopia has numerous vaults divided into 4 categories: BTC, ETH, Stablecoins, and MOVE vaults. Concrete and Veda manage these vaults, and users can deposit compatible assets into these vaults. After the 8-week lockup period, the assets will be unlocked and flowed back to users through the Movement application on the Movement Public Mainnet Beta (coming soon). Currently users can deposit selected BTC, ETH and stablecoin assets into the Cornucopia vault, and the MOVE vault will be available soon. Cornucopia Project Goals Cornucopia Phase 1 aims to open the door to liquidity. It aims to create deep liquidity through these vaults for great developers and the community. Cornucopia has been committed to powering the growth of Movement DeFi since day one. The Movement Network Foundation wants everyone to experience the speed, security, and ease of use of Movement DeFi as soon as possible. Here is information about the vault: BTC Treasury ($300 million) Lombard (managed by Concrete ) DEX Liquidity: wBTC and LBTC ($100 million total) — Flowing to Meridian Lending Liquidity: LBTC ($20 million total) - Flowing to Echelon SolvBTC (managed by Concrete ) DEX Liquidity: wBTC and solvBTC ($50m total) — Flowing to Canopy Lending Liquidity: solvBTC ($40 million total) - Flowing to Echelon Lorenzo BTC (managed by Concrete ) DEX Liquidity: wBTC and stBTC ($50 million total) — Flowing to Liquidswap Lending Liquidity: stBTC ($40 million total) - Flowing to MovePosition ETH Treasury ($225 million) EtherFi (managed by Veda ) DEX Liquidity: wETH and eETH ($125M total) - Flowing to Liquidswap (100% DEX) Renzo (managed by Concrete ) DEX Liquidity: wETH and ezETH ($20m total) - Flowing to Meridian (100% DEX) Lending Liquidity: ezETH (total USD 40 million) - Flowing to MovePosition (100% Lending) Lending Liquidity: wETH (total USD 40 million) - Flowing to MovePosition (100% Lending) Stablecoin Treasury ($190 million) Ethena Vault (managed by Concrete ) Total $150M - to Meridian , Movernance , Thunderhead Vault 1 - USDe - 50 million USD Vault 2 - sUSDe - $50 million Vault 3 - USDC - $50 million USDC-USDT Vault (USDC and USDT) Totaling $40M - Flowing to Canopy Vault 1 - $40 million MOVE Vault ($6 million) Lending liquidity is managed by Concrete (flowing to Canopy ) Opening soon... The Cornucopia liquidity program has begun accepting deposits, but this batch of vaults is only the first phase of Cornucopia. Subsequent phases will be gradually launched after the Movement public mainnet beta release (coming soon).
US President Donald Trump and his family's cryptocurrency project World Liberty Financial (WLFI) have purchased many altcoins in recent months. In recent weeks, Tron (TRX) and Movement Labs (MOVE) have been added to these altcoins, and a claim has been made about these two altcoins. Accordingly, it was claimed that altcoins named TRON and MOVE made a token swap agreement to be included in the WLFI project. However, TRON and Movement Labs denied Trump's claims of a token swap with World Liberty Financial. According to CoinDesk, TRON and Movement Labs denied the allegations, stating that they did not have any token swap agreement with Trump-backed DeFi project World Liberty Financial. Allegedly, TRON and MOVE entered into a token swap agreement that required a purchase of $10 million to $15 million to be included in the WLFI project. “There is no token swap agreement,” a TRON spokesperson said. Rushi Manche, co-founder of Movement Labs, said that they did not send tokens to anyone, including WLFI, adding, “There is no agreement. It was purely market buying.” According to Arkham data, Tron (TRX) is the second largest asset in WLFI’s wallet, with the WLFI wallet currently holding 40.7 million TRX worth $9.3 million. WLFI made these TRX purchases in chunks throughout January. WLFI also purchased $2 million worth of MOVE in late January. Related News JUST IN! Donald Trump's Cryptocurrency Project WLFI Purchased Large Amounts of Three Altcoins, Including a Surprise! *This is not investment advice.
1. Suspected Movement team transferred 1,824 ETH to CEX; 2. The U.S. Treasury Department is being sued for providing sensitive information about DOGE to Elon Musk; 3. Canadian listed company Sol Strategies spent approximately $9.94 million to increase its holdings by about 40,000 SOL; 4. Mira Network launched a $10 million builder funding program called "Magnum Opus"; 5. Japanese listed company Remixpoint increased its holdings by 30.83 BTC, bringing the total Bitcoin position up to 509.33 BTC.
World Liberty Financial, the crypto platform backed by President Donald Trump, has been courting blockchains to take part in “token swap” deals, two sources with knowledge of the matter told Blockworks. Representatives for World Liberty Financial have been approaching blockchain teams with an offer: buy at least $10 million worth of unlaunched WLFI tokens with a 10 percent fee, and World Liberty Financial will buy the same amount of the blockchain’s native token. A message from a World Liberty Financial representative shared with Blockworks said the WLFI tokens would be transferred at a $1.5 billion fully diluted valuation, which is crypto verbiage for the theoretical total value of a given crypto token. The World Liberty Financial platform is expected to launch in Q3 of this year at a $1.5 billion FDV, the representative’s message said. The message insisted that none of the tokens could be subject to a vesting period, and the minimum buy in for a token swap partnership was set at $10 million. A source at a second blockchain project, granted anonymity to discuss private business dealings, confirmed to Blockworks that they had received the same offer with the caveat that while $10 million was the minimum buy in, it would take $15 million to receive priority treatment from World Liberty Financial. World Liberty Financial will aim to help users access third-party DeFi applications to do things like earn yield on stablecoins or borrow cryptoassets, according to the project’s official documentation. President Trump began promoting the project while still on the campaign trail last year. Newsletter Subscribe to Blockworks Daily Subscribe Right now, the only thing users can do on World Liberty Financial’s website is buy the forthcoming WLFI token. According to the website, roughly 24 billion WLFI tokens have been sold at $0.05 apiece, which would total some $1.2 billion. Chinese crypto entrepreneur Justin Sun claimed that TronDAO has snapped up $75 million. Only President Trump’s son Eric, who is on the project’s “board of managers,” is directly involved with World Liberty Financial, but the Trump family has financial upside nonetheless. An LLC affiliated with President Trump and his family is entitled to 60% of the project’s equity, 75% of the fee revenue generated by the WLFI token sale, and 22.5 billion WLFI tokens, worth some $1.1 billion at the public sale price. World Liberty Financial’s crypto wallet is public. ETH accounts for about half of the project’s $378 million in crypto, data from Arkham shows . The rest of the holdings include Justin Sun-linked wrapped bitcoin, staked ether, and USDC, as well as a smattering of smaller tokens. Scoring a spot on World Liberty Financial’s balance sheet has become a point of pride for crypto projects. “[We] would like to thank @worldlibertyfi for their continued support and look forward to an [American] future for MOVE,” Movement Labs co-founder Rushi Manche wrote on X after World Liberty Financial acquired $2 million in its native token. “Movement has not purchased any WLFI tokens or engaged with WLF,” a Movement Labs spokesperson told Blockworks. The message shared with Blockworks says token swap candidates will participate in an initial meeting followed by a video meeting with World Liberty Financial co-founder Zak Folkman to finalize the deal. Folkman and fellow World Liberty Financial co-founder Chase Herro previously built Dough Finance, a crypto platform that was hacked for $2 million in July 2024, CoinDesk previously reported . The pair launched World Liberty Financial alongside real estate magnate and Trump associate Steve Witkoff. Folkman, Herro and World Liberty Financial did not return direct messages sent to multiple social media accounts seeking comment. World Liberty Financial’s token swap deal is currently running on a “first come first serve” basis, the message notes, although the Trump-backed platform is “prioritizing projects with the strongest technical metrics, mindshare, [and] willingness to do larger tickets than USD $10M.” Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus. Tags Donald Trump Lightspeed Newsletter World Liberty Financial
The Movement ecosystem announced the launch of a one-year Cornucopia initiative aimed at significantly improving Movement DeFi liquidity. The first phase was launched last week. Currently, most of the vaults (supporting BTC, ETH, and stablecoin assets) have been officially opened, and the MOVE vaults will be launched soon. After users deposit assets, after an 8-week lock-up period, the assets will be returned through the upcoming Movement Public Mainnet Beta.
Digital Asset Fund Inflows Surge Amid Market Volatility Rongchai Wang Feb 03, 2025 10:17 Digital asset investment products experienced $527 million in inflows last week, driven by volatile market conditions and significant Bitcoin investments. Digital Asset Inflows See Significant Movement Digital asset investment products witnessed substantial inflows totaling $527 million last week, according to CoinShares. Despite the influx, the market exhibited significant volatility, influenced by broader economic concerns and the impact of recent DeepSeek news. Bitcoin and Short-Bitcoin Investments Bitcoin (BTC) stood out with inflows reaching $486 million, marking a strong week for the leading cryptocurrency. Furthermore, short-Bitcoin products registered their second consecutive week of inflows, totaling $3.7 million, reflecting a diverse investor strategy. Altcoin Performance and Regional Trends XRP emerged as a notable performer among altcoins, securing year-to-date (YTD) inflows of $105 million, with $15 million added last week. Regionally, the United States experienced robust inflows of $474 million for the week and $5 billion YTD. Europe mirrored this sentiment with $78 million in weekly inflows and $93 million YTD. However, Canada faced $43 million in outflows, likely affected by potential US trade tariffs. Market Dynamics and Outlook The week's inflows were juxtaposed by $530 million in outflows on Monday, driven by market jitters. Yet, a subsequent recovery saw over $1 billion funneled back into the market, underscoring investor confidence in digital assets. With $44 billion in inflows recorded in 2024 and $5.3 billion YTD, the market's current fluctuations align with broader price trends. Blockchain Equities and Investment Opportunities Blockchain equities have also attracted investor interest, with YTD inflows reaching $160 million. Many investors perceive the present market weakness as a prime opportunity to acquire assets at favorable prices. For more insights, visit the CoinShares blog . Image source: Shutterstock
After experiencing historic liquidation levels over the past two days, crypto markets rebounded Monday afternoon after tariff threats between the United States and Mexico were put on pause for the next month. "I just spoke with President Claudia Sheinbaum of Mexico," U.S. President Donald Trump stated in a post on Truth Social late Monday morning. "It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States. These soldiers will be specifically designated to stop the flow of fentanyl, and illegal migrants into our Country." Trump said he and Sheinbaum agreed to immediately pause the anticipated tariffs for one month, during which there will be negotiations headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and "high-level" representatives of Mexico. On Saturday, President Trump signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil and an additional 10% tariff on China. President Sheinbaum announced Mexico would implement both tariff and non-tariff retaliatory measures. "Prime Minister Justin Trudeau of Canada spoke to President Trump on Monday morning but no such compromise was reached between the two," according to the New York Times . "A senior Canadian government official with knowledge of the call said the situation was still in flux ahead of a second phone call between the two leaders scheduled for 3 p.m. Eastern, but did not express optimism that a compromise could be reached." Markets respond Both crypto and traditional financial markets experienced steep selloffs in overnight and early morning trading. The price of bitcoin fell below $93,000, while ether collapsed over 35% and solana dropped 24%. Bybit CEO Ben Zhou suggests that total crypto liquidations over the past day could be in the $8–10 billion range . But as markets digested news of the tariff pause, several of the largest crypto tokens began to rebound. Bitcoin traded around $99,500 at publication time, up 2.3% over the past 24 hours, according to The Block's price data . Ether pared most of its losses, climbing back towards the $2,700 level, while solana was up 2% to $207.57. Of note, the prices of XRP and sui witnessed nearly 50% bounce-backs from their overnight lows. "If tariffs mean stronger dollar, higher inflation and reduced prospects of rate cuts in the short term, it means lower global liquidity for risk-on assets,” Bernstein analysts wrote in a note to clients on Monday. "On a longer time frame, as governments carry higher debt and higher deficit, leading to more monetary debasement, bitcoin holds relative value to the dollar, as is evident in bitcoin's long term compounding history. But over short time frames, bitcoin is correlated to risk-assets. Thus, crypto sell off is not surprising." While several crypto indices were still in the red, three notable benchmarks recovered into positive territory. After nearly falling under the 140 level, the GMCI 30 traded at around 175.12 at publication time. The GMCI DeFi , which features projects at the forefront of decentralized lending, borrowing and trading, was up 2.7% to 106.16. And the newly-debuted GMCI USA , which tracks the performance of the top protocols with a legal entity based in the U.S., was up 1% to 213.30. Several crypto-related stocks also pared losses on the day, with Exodus Movement and Iris Energy both turning positive at publication time.
The crypto market is constantly evolving, with new opportunities emerging daily. If you’re looking for promising altcoins, today’s top picks, Movement, Flare, ApeNFT, and Kaspa, stand out for their innovative use cases, strong market presence, and growth potential. But what makes these coins worth watching? Are they positioned for significant gains? 6 Best Altcoins to Watch Today Each project tackles real-world challenges, from enhancing blockchain scalability to revolutionising NFTs and interoperability. Whether you’re an investor seeking high-growth potential or simply curious about the latest trends, these altcoins deserve your attention. 1. Movement (MOVE) Movement is an innovative blockchain ecosystem designed to empower developers to create secure, high-performance, and interoperable decentralised applications (dApps). By bridging the gap between Move and Ethereum Virtual Machine (EVM), MOVE offers a versatile platform for building next-generation blockchain solutions. Developers often face challenges related to security vulnerabilities, scalability limitations, and interoperability issues between different blockchain platforms. MOVE solves these issues by providing a modular framework that integrates the Move programming language with EVM compatibility. MOVE has shown positive performance and gives investors room to buy its dip before the next high. The all-time high was $1.2115 on December 26, 2024, indicating a 30% decrease from the ATH. It is now priced at $0.8533 per token, with a 4.86% increase in the last 24 hours. In December 2024, MOVE announced its listing on KuCoin, a major cryptocurrency exchange, enhancing its accessibility to a broader audience. Additionally, MOVE has secured backing from prominent investors, including Binance Labs and Archetype, underscoring its credibility and potential in the blockchain space. 2. Flare (FLR) Flare’s architecture allows it to integrate seamlessly with various blockchain networks, enabling assets from different chains to interact within its ecosystem. Designed to handle high transaction volumes, FLR ensures that applications built on its platform can scale efficiently to meet user demands. Many prominent cryptocurrencies were not originally designed with native smart contract functionalities. FLR provides a Turing-complete smart contract platform that integrates with these assets, effectively unlocking their potential for broader use cases without compromising their inherent security and decentralisation. FLR is currently valued at approximately $0.0231. Its intraday high was recorded at $0.0246 per token, while its low was recorded at $0.0230 per token. This price stability suggests a period of consolidation, which indicates accumulation by investors anticipating future developments. In a move to bolster its DeFi offerings, FLR partnered with Kinetic Markets to introduce borrowing and lending services within its network. This collaboration aims to deepen liquidity and provide users with more financial instruments to engage with. 3. ApeNFT (NFT) ApeNFT leverages the value and popularity of NFTs to actively contribute to various charitable causes, demonstrating the potential of cryptocurrencies to make a positive impact on society. The coin has been proactive in expanding its ecosystem through strategic collaborations and initiatives. NFT has been involved in various charitable activities, highlighting the potential of cryptocurrencies in making a positive difference in the world. Its current market cap stands at $466 million, placing it at #141 in the cryptocurrency rankings. NFT is currently valued at $0.0000004626 per token, with 100% of the total supply already in circulation, making it highly affordable for retail investors. By focusing on the trading and creation of non-fungible tokens and engaging in charitable initiatives, NFT positions itself as a unique player in the cryptocurrency space, driving innovation and contributing to positive societal impact. 4. Kaspa (KAS) Kaspa’s utilisation of a BlockDAG structure allows for the parallel addition of blocks, resulting in faster transaction speeds and improved scalability compared to traditional linear blockchains. It was introduced without a pre-mine, promoting a decentralised and equitable distribution of tokens. By maintaining a proof-of-work mechanism, KAS ensures robust security while facilitating rapid transaction processing. Today, KAS is trading at approximately $0.1224, reflecting a slight decrease of 0.0388% from its previous close. Its all-time high was recorded at $0.2074 on July 31, 2024, suggesting a 41% decline from its peak. This presents an opportunity for investors considering entry points. In recent news, KAS’s innovative BlockDAG technology has garnered attention for its ability to offer faster transaction speeds and improved scalability. Analysts predict that KAS could reach $3 as it gains traction in 2025, reflecting growing confidence in its technological advancements. 5. Catslap (SLAP) Catslap , the crypto sphere’s most assertive feline, is poised to challenge the reigning meme tokens. With its ongoing presale, SLAP offers investors a unique opportunity to get in early on a project that’s not just about fun but also about potential gains. The platform introduces a competitive slapping game where participants aim to climb the Slapometer rankings, adding an engaging layer to the typical meme coin narrative. Launched in November 2024 at an initial price of $0.00011, the presale has seen the token’s value surge to approximately $0.0014, marking a remarkable increase. As of February 2, 2025, SLAP is trading at around $0.0013, with a 24-hour trading volume of approximately $378,776. The current market capitalisation stands at about $5.7 million, reflecting a growing interest in the token. Investing in SLAP during its presale phase allows you to acquire tokens at a favourable rate. The presale is set to conclude on April 1, 2025, providing a limited window to join early. SLAP combines the playful nature of meme coins with an engaging platform, presenting a compelling opportunity for investors seeking both entertainment and potential returns. With its innovative approach and active community, SLAP is a project worth watching in the evolving crypto landscape. Visit Catslap Presale . 6. Aptos (APT) Aptos addresses scalability issues through its unique consensus algorithm and architectural design. This enables the network to handle a large number of transactions per second, making it a viable option for mass adoption. It has been proactively expanding its ecosystem through collaborations and technological advancements. The platform’s focus on scalability and security has attracted attention within the blockchain community, leading to various partnerships aimed at enhancing its infrastructure and broadening its application scope. APT has decreased 4.96% in the last 24 hours, bringing its price to $7.03 per token. The current market cap is around $4.04 billion, and the circulating supply is approximately 573.78 tokens. By addressing critical issues of scalability and security, APT positions itself as a promising solution in the blockchain landscape. It offers an efficient and secure environment for decentralised applications and digital assets. Learn More Best Affordable Tokens in 2025 Our Previous Best Altcoins to Watch Today Post
The Trump-backed DeFi protocol World Liberty Financial, which has built up a treasury of various crypto tokens, disputed claims that it is “selling tokens,” following the publication of a news article by Blockworks citing anonymous sources alleging the team is proactively pitching projects on “token swap” deals. “We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements,” the World Liberty X account posted on Monday. “To be clear, we are not selling tokens — we are simply reallocating assets for ordinary business purposes.” “These actions are intended to be part of maintaining a strong, secure, and efficient treasury. No need to speculate — this is all standard practice for managing operations at WLFI,” the message continued. On Monday, amid a steep market selloff, Blockworks reported that World Liberty had approached several blockchain teams with an offer to swap at least $10 million worth of unlaunched WLFI tokens for the same amount of the blockchain’s native token. The team was also reportedly charging a 10% fee for the arrangement. The allegations come about two weeks after World Liberty completed its sale of 20% of the 100 billion WLFI token supply, raising a total of $254 million just before President Donald Trump entered office. The WLFI team scaled back its initial target of raising $450 million after a slow start to the token sale. For instance, on the Saturday before Inauguration Day, only $91 million in total had been raised, or about 35% of the amount eventually brought in. Citing increased demand for the token, World Liberty sold an additional 5 billion tokens, representing 5% of the total WLFI supply. Concerns were raised last week after World Liberty purchased approximately $2 million worth of MOVE tokens amid rumors that Movement was holding talks regarding a tech-efficiency program with the newly established Department of Government Efficiency led by billionaire Elon Musk. The acquisition also preceded Movement’s announcement of a developer mainnet, which was not a publicly-known part of its roadmap. Movement Labs’ founder Rushi Manche denied allegations of “insider trading” or foul play and told The Block, “nothing from the Movement Labs offices or growth team have crossed DOGE's desks.” World Liberty holds approximately $364 million worth of cryptocurrencies. Its largest holding is $176 million worth of ETH, the native token of the blockchain it is built on. Its next three largest holdings are $62 million worth of wrapped bitcoin (WBTC), $51 million staked ETH (StETH) and $47 million USDC. TRX, the native token of Tron, is World Liberty’s fifth-largest position at just over $9 million. Notably, Tron founder Justin Sun was named an advisor to World Liberty after announcing a $30 million investment in the project. Sun said he would purchase an additional $45 million after the project announced it was furthering its token sales. After TRX, World Liberty’s next largest treasury holdings are about $4.9 million worth of each LINK and AAVE. It also holds about $3.6 million worth of Ethena’s ENA and much smaller, sub $200,000 allocations in DeFi platform Ondo and AI protocol Colle’s governance tokens. The team has also seemingly reduced its exposure to Tether’s USDT stablecoin, which was once among its largest holdings. World Liberty’s first major expansion of its reserves into altcoins, including AAVE, ENA and LINK, happened in mid-December. However, in honor of Trump entering office as the 47th president, the team made a series of symbolic purchases for about $4.7 million or $47 million of various tokens on Inauguration Day. Blockworks reported that the World Liberty protocol, a fork of Aave, is expected to launch in Q3 2025 at a $1.5 billion valuation. WLFI tokens are not currently tradeable, and the project’s “goldpaper” stated the tokens will be “locked indefinitely.” According to previous reports, 60% of the World Liberty holding company’s equity and 75% of the fees generated by the WLFI token sale will be allocated to the Trump family.
Hyperliquid (HYPE) price has dropped nearly 16% in the last 24 hours, bringing its market cap down to $7.4 billion. Technical indicators suggest that sellers are gaining control, with Directional Movement Index (DMI) and BBTrend both weakening. The EMA lines are also showing signs of a potential death cross, which could accelerate losses if key support at $21.1 fails. However, if buyers step in and momentum shifts, HYPE could rebound toward $24.39, with a breakout potentially pushing it to $27. HYPE DMI Chart Shows Sellers Are In Control Hyperliquid Directional Movement Index (DMI) chart shows a significant shift in momentum, with its Average Directional Index (ADX) rising to 20.3 from 9 in just four days. The ADX measures trend strength on a scale from 0 to 100, where values below 20 indicate a weak trend, and readings above 25 suggest a stronger trend is forming. This recent increase suggests that HYPE’s ongoing downtrend may be gaining strength, but it’s still in the early stages of confirmation. HYPE DMI. Source: TradingView The +DI (Positive Directional Indicator) has dropped sharply from 30.9 to 14.1, while the -DI (Negative Directional Indicator) has surged from 13.5 to 25.2, signaling a shift in momentum toward the downside. Since -DI is now above +DI, sellers are currently in control, reinforcing HYPE bearish trend. If ADX continues rising above 25, it would confirm a stronger downtrend, meaning further losses could be ahead unless buyers regain momentum. BBTrend Is Still Positive, But Going Down HYPE BBTrend has dropped significantly from 10.1 yesterday to 3.15 today, signaling a weakening bullish momentum. BBTrend (Bollinger Band Trend) measures the strength of a price trend based on Bollinger Bands, where positive values suggest an uptrend and negative values indicate a downtrend. The higher the BBTrend value, the stronger the trend in that direction. While HYPE’s BBTrend remains positive, its sharp decline suggests that buying pressure is fading. HYPE BBTrend. Source: TradingView With BBTrend falling quickly, HYPE’s price momentum is slowing, increasing the risk of a potential reversal or deeper pullback. If the BBTrend turns negative, it could confirm a shift into a downtrend. However, if buyers step in and stabilize the trend, HYPE price could attempt to regain bullish strength. The next few sessions will be crucial in determining whether this decline is a temporary dip or the start of a broader correction. HYPE Price Prediction: Will HYPE Fall Below $20 Soon? Hyperliquid Exponential Moving Average (EMA) lines indicate a crucial turning point, as short-term EMAs are still above long-term ones but are declining quickly. If they cross below—a death cross—it would signal a stronger bearish trend. In that case, HYPE could test key support at $21.1. If that level breaks, further downside could push prices to $20.1 or even $18.89, the lowest level since January 13. This scenario would confirm increasing selling pressure and a prolonged downtrend. HYPE Price Analysis. Source: TradingView However, if HYPE price holds above support and momentum shifts, it could attempt a trend reversal. A rebound from current levels might lead to a test of the $24.39 resistance, and breaking that could push the price toward $27.
Bitcoin (BTC) remains sturdy above $100,000, but a crucial resistance zone at $106,000 looms, holding back a potential surge towards $110,000. The Ichimoku Cloud indicator reveals conflicting signals, highlighting concerns over future price momentum amid thin support levels. Recent data points indicate that whale holdings are at year-low levels, suggesting a possible shift towards renewed accumulation as activity begins to recover. Bitcoin shows resilience above $100,000, yet faces challenges at $106,000. Whale activity dips to year-lows but suggests potential recovery. BTC Faces Critical Resistance at $106,000 Over the past several days, Bitcoin’s price has firmly stayed above the psychological barrier of $100,000, demonstrating considerable market strength despite turbulent trading conditions. The emergence of a golden cross on Bitcoin’s Exponential Moving Average (EMA) lines has sparked optimism among traders, indicating the possibility of a bullish breakout provided key resistance levels are surpassed. Nevertheless, the struggle to breach the immediate resistance at $106,000 is of paramount importance. Should Bitcoin fail to overcome this barrier, it might be compelled to retreat towards lower support levels. The upcoming trading sessions will be critical to assess whether BTC can sustain its momentum and possibly rally towards $110,000 or if a pullback is imminent. Analysis of the Ichimoku Cloud Indicator The analysis based on the Ichimoku Cloud indicator presents a fragmented perspective on Bitcoin’s market momentum. Currently, the price resides above the Tenkan-sen (the blue line), which traditionally suggests short-term bullish sentiment. However, the position of the Kijun-sen (red line) — lying slightly below — raises a cautionary flag regarding trend sustainability. The Chikou Span (green lagging line) being above past price levels supports a bullish outlook. Yet, the thin nature of the Kumo (cloud) ahead indicates a lack of robust support levels to fend off volatility, making price behavior increasingly uncertain. As the cloud transitions from red to green, it hints at a potential trend reversal, yet without firm momentum, traders should prepare for potential price fluctuations in the near term. Decline in Whale Activity: A Temporary Setback? Recent metrics highlight a significant decline in the number of BTC whales — those holding at least 1,000 BTC — dropping from 2,061 to 2,034 within a week, marking the lowest headcount since February 2024. This downward trend could be perceived as large scale holders re-evaluating their positions, which often correlates with profit-taking dynamics or diminishing confidence in market conditions. Monitoring whale behavior is vital due to their capacity to sway market trends significantly. An increase in whale holdings generally points to a bullish sentiment, while a drop can herald adverse market conditions. To note, after the recent dip, whale numbers have rebounded slightly to 2,039. Although this remains lower compared to previous months, it is indicative of a potential shift back to accumulating BTC, which, if sustained, could bolster BTC prices moving forward. Forecasting BTC’s Price Movement Towards $110,000 The technical formation of a golden cross in BTC’s EMA lines suggests an encouraging trend towards bullish momentum. Yet, the challenge remains in breaking through the critical $106,000 threshold. Success in this endeavor could lead to immediate targets of $107,000. A sustained breakout beyond this could propel Bitcoin towards a notable psychological level of $110,000, showcasing a new all-time high if bullish interest remains strong. Conversely, should Bitcoin’s price falter and fail to maintain its upward momentum, a retracement towards $101,296 — a crucial support level — could occur. A slide below this key region would intensify selling pressure, potentially dragging the value down to $99,486. In the scenario where this resistance also gives way, BTC could slip even further to the area around $95,800, where buying interest might again surface to prevent excessive downturns. Conclusion As Bitcoin navigates this critical period above $100,000, market participants should closely monitor resistance and support levels to gauge future price movement. A breakout above the $106,000 resistance could set the stage for a surge towards new highs, while failure to hold current levels may trigger a deeper correction. Traders must remain vigilant and informed about whale activities and technical indicators, as they can provide telling signs of market sentiment and forthcoming price actions. In Case You Missed It: U.S. Institutional Interest in Bitcoin Indicates Potential Price Movements Amid Mixed Retail Sentiment
Large holders have transferred significant amounts of six altcoins (WLD, MOVE, MKR, stETH, OM, RSR) to exchanges, potentially signaling upcoming price drops. While some tokens saw intraday gains, the overall market remains cautious of further sell-offs by major holders. A sudden shift in the crypto market has put six altcoins under the spotlight, raising concerns about potential price drops. Data from Santiment on January 30 revealed that major holders of Worldcoin (WLD), MOVE, Maker (MKR), staked Ethereum (stETH), Mantra (OM), and Reserve Rights (RSR) have offloaded substantial amounts of their holdings onto exchanges, signaling possible bearish momentum. Source: Santiment Deposits of these tokens to platforms like Bybit, Binance, Coinbase, and KuCoin have surged. Such large transfers often indicate that investors are preparing to sell, increasing supply and potentially driving prices lower. As traders navigate these sudden moves, many are keeping a close watch on market reactions. WLD, a token that has already been struggling, saw 0.21% of its total supply dumped on Bybit. Meanwhile, 0.20% of stETH’s supply followed suit on the same exchange. Other significant transfers included 0.20% of OM to Binance, 0.14% of RSR to Binance, 0.12% of MKR to Coinbase, and 0.08% of MOVE to KuCoin. WLD and OM Short-term Gains — Potential Reversals Loom? While deposit surges often foreshadow selling pressure, some of these tokens have shown mixed intraday performance. At the time of reporting, WLD gained 5.70% to trade at $1.78, while OM jumped 8.25% to $4.95. However, not all tokens were in the green—MOVE gained 4.50% to $0.8240, and MKR slightly gained 0.80% to $1,120. The 200-day moving average of WLD stands at $2.15, while its 50-day moving average hovers at $1.93. If WLD continues trading below these levels, the downtrend that started in December is expected to persist. Its Relative Strength Index (RSI) at 44 suggests the token has yet to enter oversold territory, leaving room for further declines. Mantra (OM), which recently hit a new all-time high surpassing $5, is also facing scrutiny. Analysts have warned that large investors may soon cash in profits after accumulating below $4, triggering potential volatility. Retail traders remain cautious, fearing a price reversal. Mantra $OM just made a new ATH 🔥 Warned you about whale accumulation happening while the price was below 4$. Enjoy your gains 🤑 #ta https://t.co/5WlKZz3E3K pic.twitter.com/tLvRgnoi7K — Open4profit (@open4profit) January 26, 2025 Maker (MKR) More Drop Likely? Maker (MKR) has drawn specific caution from analysts, with some urging patience before jumping in. One analyst warned , “Don’t make rush to enter now. It’s already loss at support, will down to our buying range below $1040. The best entry would be $1025 to $1000 area.” Meanwhile, stETH saw a 4.30% increase to $3,240, and RSR gained 5.30% to reach $0.01313, signaling that not all tokens are facing immediate downturns. However, the broader market remains wary of further whale-driven sell-offs. Despite recent bearish signals, Bitcoin (BTC) managed to trade near the $105K level, reflecting some market resilience. The wider crypto landscape has mirrored a recovery, though traders remain on edge about further market-shaking events. Trump-Linked Purchase Fuels MOVE Buzz Adding an unexpected twist, Donald Trump’s World Liberty reportedly acquired 2.4 million Movement (MOVE) tokens, according to Lookonchain on X. The move has stirred speculation around the token’s future, sparking discussions about its potential trajectory despite its recent dip. Trump's World Liberty( @worldlibertyfi ) bought another 3,191 $ETH ($10M) and 2.4M $MOVE ($1.88M) in the past 12 hours. The 8 tokens purchased by World Liberty are currently all in a loss, with a total loss of $21.78M. The biggest loss came from $ETH , totaling $14.9M.… pic.twitter.com/pbrbdkPpAD — Lookonchain (@lookonchain) January 29, 2025 On a technical level, the altcoin market cap, excluding Bitcoin and Ether, is showing signs of bullish sentiment. The Relative Strength Index (RSI) stands at 55, suggesting that buyers still hold some control. A recent MACD indicator confirmed a bullish divergence, hinting potential rally ahead if momentum maintains. Source: TradingView
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