Author: The Daily Hodl
Veteran crypto trader Tone Vays has flipped bullish on Bitcoin after exiting his BTC long positions in late November. Vays tells his 290,200 followers on the social media platform X that he exited all of his Bitcoin long positions on November 22nd at $97,800, though he decided to buy back in now that it’s 2025. “Now that the year is over, I am now back to fully long in Bitcoin as of this afternoon at a price of around $100,000.” Bitcoin set an all-time high of $108,135 on December 17th. Vays notes in a new YouTube video that he prefers…
The Bitcoin (BTC) bull market will most likely come to a conclusion sooner rather than later, according to an analysis published by CryptoQuant. In a new report, pseudonymous CryptoQuant executive Crypto Dan examines UTXO age bands, which look at specific groups of coins that have been received but not spent, and broken up into age groups. The analyst says that with the “substantial influx” of new investments that have recently come into the market, it’s now reasonable to believe the BTC bull market is in its final chapters. According to Crypto Dan, the Bitcoin bull market will most likely top…
The crypto markets are witnessing a massive surge in liquidations amid Bitcoin’s (BTC) sudden loss of the $100,000 level. New data from market intelligence platform Coinglass shows traders saw liquidations during the last two days to the tune of $862.4 million, mostly by those betting long on Bitcoin. [ The flagship crypto asset reclaimed the $102,000 level on Monday, but has since plummeted. Bitcoin is trading for $92,721 at time of writing, down 4.7% in the last 24 hours. Pseudonymous analyst Rekt Capital – who nailed Bitcoin’s pre-halving correction last year – is warning his 528,400 followers on the social…
Benjamin Cowen is saying that the price action of Bitcoin (BTC) could mirror that of the Nasdaq exchange-traded fund (ETF) Invesco QQQ during the first 13 months that followed its launch about 26 years ago. In a new video, Cowen tells his 855,000 YouTube subscribers that the QQQ ETF hit a local top after going up by 150% in roughly one year following the launch of the ETF. The QQQ ETF tracks the performance of the 100 largest non-financial firms listed on the Nasdaq stock exchange. As the flagship digital asset approaches the first anniversary since the launch of the…
Cryptocurrency analyst and trader Jason Pizzino is warning that late investors in Bitcoin’s (BTC) current bull market may end up disappointed. In a new video, Pizzino tells his 345,000 YouTube subscribers that latecomer investors may be hoping for another round of massive gains that just may never materialize. “Volatility always occurs at the ends of cycles, because you see a lot of money flowing into the markets trying to take advantage of the gains that they missed out on for the several years prior. Bitcoin, they missed out on the several years prior from the lows [around November 2022], and…
Crypto trader Peter Brandt says payments-focused altcoin XRP can witness over 3x rallies if it breaks out from a bullish continuation pattern. The veteran analyst tells his 768,200 followers on the social media platform X that he’s keeping an eye on the market cap of XRP, which he notes is flashing a bull flag. A bull flag is typically viewed as a bullish pattern, suggesting that an asset is consolidating before potentially igniting new rallies. Says Brandt, “Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion. This flag in XRP needs to rock…
Analyst and trader Kevin Svenson believes that the most explosive phase of the cycle for altcoins is still to come. In a new strategy session, Svenson tells his 81,300 YouTube subscribers that based on historic precedence the TOTAL3 chart may soon have an astronomical breakout. The TOTAL3 chart tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins. “[In 2021] Bitcoin got to a really high price and just started chopping. And when it was chopping around, the TOTAL3 went to the moon.” Svenson predicts that the most explosive season for the alts will start…
A closely followed analyst believes the meme token Floki (FLOKI) is gearing up for rallies en route to fresh all-time highs (ATHs). Pseudonymous analyst Bluntz tells his 306,200 followers on the social media platform X that FLOKI appears to have completed an ABC correction on the daily chart. Bluntz uses the Elliott Wave theory, which states that a bullish asset tends to ignite a five-wave upside move after completing an ABC retracement. “FLOKI is another major meme looking turbo bullish in my opinion and heading to ATHs. Price action from the November highs looking like another high timeframe ABC with…
Backpack Exchange, a crypto trading platform founded by former FTX and Alameda Research employees, is acquiring FTX EU for $32 million. According to a new announcement from the European-based crypto exchange and wallet Backpack, the exchange has bought out the European arm of FTX. “Backpack has acquired FTX EU and its MiFID (Markets in Financial Instruments Directive) II License. Our first priority is to return all customer EURO funds on behalf of the FTX estate, followed by rolling out a full suite of spot, margin, and futures trading products. Crypto perps trading is coming back to Europe.” The deal, approved…
BitMEX founder Arthur Hayes says there will come a time this year when he will start moving capital out of the risk curve into select altcoins. In a new essay, Hayes says that the digital asset industry may experience a “letdown” by incoming President Trump if he ultimately isn’t as pro-crypto as he campaigned, sending market prices down. However, he says that such a situation – if it occurs – can easily be balanced out by a new flood of fresh liquidity, likely from the Treasury and Federal Reserve. “Trump on his proposed pro-crypto and pro-business legislation can be covered…