Orhan, Author at Coin Engineer

Critical Warning for Bitcoin Price: Is the Bear Market Starting?

Orhan — Sat, 25 Jan 2025 11:00:21 +0000

Although Bitcoin (BTC) is making headlines with price predictions of $150,000 or more for 2025, on-chain data might suggest a different scenario. A new analysis warns that Bitcoin could be at risk of entering a multi-year downtrend. But how realistic are these concerns?

Bitcoin Cycle Indicators Reach Distribution Zone

A study published by the on-chain analytics platform CryptoQuant highlights that the Bitcoin Cycle Indicators Index (IBCI) has reached the distribution zone for the first time in eight months. This could indicate that the Bitcoin bull market might be coming to an end.

The IBCI is a combination of seven popular indicators used to understand Bitcoin’s price cycles. These indicators include:

Puell Multiple: Tracks mining revenue for Bitcoin.
Spent Output Profit Ratio (SOPR): Shows realized profits and losses.
Net Unrealized Profit/Loss (NUPL): Measures overall market sentiment.

Gaah, a CryptoQuant contributor, notes that not all these indicators have fully reached the historical distribution zone. However, their convergence suggests that the market may be nearing a peak.

Bitcoin Price Targets and Risks

The analysis shows that Bitcoin briefly entered the risk zone for peaks at the start of 2024, but this did not result in a bear market. In the long term, prices could potentially drop to the $90,000 range. However, in the short term, a new peak of $137,000 might still be on the table.

What Do Puell Multiple and Cycle Indicators Suggest?

The Puell Multiple remains below the critical threshold of “6,” indicating that the market hasn’t yet experienced a full peak. However, if the IBCI indicators reach 100%, a correction or a bear market may follow.

2025 Bitcoin Predictions: Could It Reach $1.5 Million?

Network economist Timothy Peterson suggests that Bitcoin could make a significant leap in the long run. According to him, BTC might hit $1.5 million by 2035. However, he also warns of potential price volatility along the way.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

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Donald Trump’s $500 Billion Artificial Intelligence Move!

Orhan — Wed, 22 Jan 2025 15:30:15 +0000

U.S. President Donald Trump announced “Stargate,” a $500 billion private sector-led investment project aimed at establishing AI data centers nationwide. This massive investment seeks to maintain the U.S.’s leadership in artificial intelligence.

During a press conference on January 21, Trump stated that the initial investors in the Stargate project include OpenAI, the creator of ChatGPT, along with SoftBank and Oracle. Highlighting the creation of “over 100,000 American jobs” through the project, Trump emphasized their goal to keep the U.S. at the forefront of AI innovation globally.

SoftBank CEO Masayoshi Son revealed that an initial $100 billion would be allocated to the project. According to OpenAI, the remaining $400 billion will be invested over the next four years. Tech giants like Microsoft, Nvidia, and Arm are also among Stargate’s key partners.

OpenAI described Stargate as a significant step in advancing artificial general intelligence (AGI) and enabling the emergence of new creative ideas that will benefit humanity. SoftBank’s CEO Son predicted that this project would pave the way for artificial superintelligence capable of solving problems once deemed unsolvable for humanity.

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Outflows Continue in Bitcoin and Ethereum Spot ETFs!

Orhan — Tue, 14 Jan 2025 09:00:17 +0000

Following declines in Bitcoin and cryptocurrency prices, Bitcoin spot ETFs recorded a net outflow of $284 million on January 13.

The market recently experienced a significant downturn that left investors reeling. Despite minor recoveries, prices have yet to reach desired levels. These drops appear to have impacted not only cryptocurrency investors but also more traditional investment groups.

Institutional and traditional investors, particularly those affected by sudden Bitcoin price drops, have been exiting Bitcoin ETFs.

Yesterday, BlackRock’s IBIT ETF saw $29.46 million in new capital inflows, while Fidelity’s FBTC ETF recorded $113.6 million in outflows. Overall, Bitcoin spot ETFs experienced a net outflow of $284 million on January 13.

A similar trend was observed in Ethereum spot ETFs. As of January 13, a total net outflow of $39.43 million was reported, marking the fourth consecutive day of outflows.

BlackRock’s ETHA ETF recorded the largest net inflow yesterday at $12.89 million, while Grayscale’s ETH ETF stood out with a notable net outflow of $37.84 million.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Robinhood and the SEC Face Off!

Orhan — Tue, 14 Jan 2025 08:17:02 +0000

Robinhood Pays $45 Million Fine Following Settlement with SEC Over Securities Law Violations

The online brokerage platform Robinhood, along with its two subsidiaries, Robinhood Securities LLC and Robinhood Financial LLC, has been fined by the U.S. Securities and Exchange Commission (SEC) for failing to comply with critical regulatory requirements.

According to the SEC’s statement on January 13, Robinhood’s subsidiaries were found to have violated various securities laws, including failing to accurately report trading activities, adhere to short-selling rules, submit timely suspicious activity reports, maintain proper books and records, and fulfill obligations to protect customer information.

The SEC revealed that during 2020 and 2021, Robinhood failed to digitally store and safeguard customer communications as required. Additionally, 11,849 electronic information requests (Electronic Blue Sheets) submitted by Robinhood contained inaccurate or incomplete data, resulting in erroneous reporting of 392 million transactions.

Despite the fines, Robinhood’s (HOOD) stock price remained relatively unaffected. On January 13, the stock fell by 1.22%, closing at $39.59. However, it recovered slightly in after-hours trading, rising by 0.48%.

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Bithumb Has Decided to List These Two Altcoins!

Orhan — Sat, 11 Jan 2025 08:13:40 +0000

Bithumb Announced the Listing of These Two Altcoins as of January 11, 2025!

Recently attracting attention with its significant trading volume and innovative moves in the cryptocurrency market, Bithumb Exchange has announced that it will list STRIKE (STRK) and IOTA (MIOTA) trading pairs starting January 11, 2025.

Following this announcement, notable activity was observed in the cryptocurrency market. Particularly, IOTA gained over 8% in value within just a few hours as a reaction to the news. Meanwhile, STRIKE started to garner interest and successfully drew the attention of investors with its listing announcement.

STRIKE (STRK): A New Favorite in the DeFi Market

STRIKE stands out as an innovative protocol in the decentralized finance (DeFi) sector. Operating on the Ethereum network, STRIKE enables users to earn interest by depositing their crypto assets. Inspired by popular platforms like Compound, the protocol aims to offer higher yields, positioning itself to expand the DeFi markets and attract more investors.

Bithumb has announced that it will currently support transactions for STRIKE only through the Ethereum network. The initial listing price of the altcoin on the exchange was set at 22,250 won. The STRIKE listing is expected to contribute to the expansion of DeFi while providing users with opportunities to benefit from various financial products.

IOTA (MIOTA): A Crypto Solution for the Internet of Things (IoT)

IOTA is recognized for utilizing a novel technology called Tangle instead of blockchain, enabling fast, secure, and feeless data transfers between IoT devices. With significant potential in the IoT sector, IOTA stands out for its energy efficiency and inter-company collaborations. The latest listing news prompted a rapid increase in IOTA’s price and sparked greater interest among project supporters.

Bithumb’s listing of IOTA will help the project reach a broader audience in the South Korean market. As IoT applications become more widespread, the adoption of MIOTA is expected to grow further in the coming period.

The post Bithumb Has Decided to List These Two Altcoins! appeared first on Coin Engineer.

Binance Lists Solv Protocol (SOLV): Megadrop Details Announced!

Orhan — Thu, 09 Jan 2025 10:37:09 +0000

One of the leading exchanges in the cryptocurrency sector, Binance, has announced that it will list the Solv Protocol (SOLV) coin. The exchange also revealed all the details about the recently announced SOLV Megadrop.

Binance Solv Protocol (SOLV) Megadrop Details Announced! Cryptocurrency exchange Binance has provided users with the details of the third Megadrop event, the SOLV Megadrop. With this event, users will be able to earn SOLV through two different methods: participating in BNB Locked Products or completing specific Web3 tasks.

BNB Locked Products: Users can earn reward points by locking their BNB. These points vary depending on the locked amount and duration. Web3 Tasks: Users who complete designated tasks will earn additional points, increasing their chances of rewards.

A total of 9.66 billion SOLV tokens will be issued, and 7% of this amount will be distributed through the Megadrop event.

When Does the Solv Protocol (SOLV) Megadrop Start? According to the announcement by the exchange, the SOLV Megadrop will go live on January 7, 2025, at 03:00.

Binance Lists Solv Protocol (SOLV)! The SOLV token will be listed on Binance on January 17, 2025, and will be available for trading with pairs such as SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY. The circulating supply of SOLV during the initial listing will be approximately 17.65% of the total token supply. The project will also be listed on Binance TR.

To register on Binance and take advantage of the opportunities, you can access the link here.

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When Does the Altcoin Bull Run Start?

Orhan — Tue, 07 Jan 2025 13:00:48 +0000

Even though Bitcoin has moved, there has been no rally or movement observed in altcoins. So when can this movement come? First, let’s take a look at the BTC.D chart: When we look at the dominance chart on a weekly basis, we can see that the upward trend has broken and there has been a pullback to the trend. If this formation moves according to expectations, there should be a downward movement from here, meaning a downtrend should start. The first support point for this decline is at the 48% level.

So, where is the second signal point we can get? That will be the Total 3 chart. In the Total 3 chart, there was a cup-and-handle formation, and after the breakout, a throwback to the breakout band occurred. Currently, the target for Total 3 will be the 2.1T level.

As a result, considering these two factors and taking into account that in previous cycles, market activity started from this month, we can say that the bull market for altcoins may start soon.

Additionally, the holiday season in the US has ended, and Trump is transitioning into the presidency. This development could signal the start of a crypto wave in the US. Also, some large companies are starting to raise funds for investment. For example, Microsoft’s $80 billion fund set aside for AI acquisitions indicates that there could be a big hype in the AI sector.

Most likely, the rally in altcoins will start with the AI category, and then movement can be observed in other altcoins sequentially.

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Upbit Exchange Lists Sonic SWM: What is SONIC’s Price in USD?

Orhan — Tue, 07 Jan 2025 09:30:02 +0000

One of South Korea’s leading cryptocurrency exchanges, Upbit, has announced the listing of Sonic SWM (SONIC).

Upbit revealed that deposits for Sonic SWM would begin on January 7 at 8:00 PM. However, trading will only become active once sufficient liquidity is ensured. Investors are advised to monitor announcements closely for updates on the start of trading.

Supported Networks: Solana
Supported Pairs: KRW, BTC, USDT
Deposit Start Time: January 7, 8:00 PM
Trading Start Time: To be announced

When trading support for Sonic SWM begins, buy orders will be limited during the first 5 minutes, and only limit orders will be accepted for one hour. These measures aim to ensure transaction security and maintain market stability.

What is Sonic SWM (SONIC)?

Sonic SWM is a solution designed specifically for game developers, built to operate on the Solana network. It aims to expand the gaming ecosystem on Solana while reducing potential network congestion. Sonic SWM utilizes HyperGrid, Solana’s roll-up system, to offer game-focused solutions.

What is SONIC’s Price in USD?

As of the time of writing, Sonic SWM has not been listed on any exchanges and therefore does not have an official price. However, its market price will emerge shortly after exchange listings.

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Interest in Bitcoin ETFs is increasing: Could it impact BTC’s price?

Orhan — Tue, 07 Jan 2025 09:00:49 +0000

Spot Bitcoin exchange-traded funds (ETFs) based in the US saw significant investor interest during the first week of January. Bitcoin ETFs experienced net inflows of $1.9 billion, reversing the low-demand trend observed in the second half of December.

Strong inflows were recorded between January 3 and January 6, with January 6 alone seeing investors pour $978.6 million into spot Bitcoin ETFs. Fidelity Wise Origin Bitcoin Fund led the way with $370.2 million in inflows, followed by BlackRock’s iShares Bitcoin ETF at $209 million, and ARK 21Shares Bitcoin ETF at $153 million.

Other popular funds, including the Bitwise Bitcoin ETF and Grayscale’s GBTC and BTC funds, collectively attracted over $70 million in investments. VanEck Bitcoin ETF received $17.3 million, while Franklin Bitcoin ETF saw $8.9 million in inflows.

However, not all funds benefited from this surge. Invesco, Valkyrie, and WisdomTree’s spot Bitcoin ETFs recorded no inflows on January 6. Overall, spot Bitcoin ETFs garnered a total of $36.9 billion in net inflows.

Could This Impact Bitcoin’s (BTC) Price?

Matt Hougan, Chief Investment Officer at Bitwise, predicts Bitcoin could reach $200,000 by 2025. Similarly, VanEck forecasts that Bitcoin may surpass $180,000.

A report published by Binance on October 25 indicated that 80% of demand for spot Bitcoin ETFs comes from retail investors. However, industry analysts expect institutional interest to grow, particularly as more centralized exchanges emerge by 2025.

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Bitcoin Investment Strategy from MARA Holdings CEO Fred Thiel!

Orhan — Fri, 03 Jan 2025 08:14:53 +0000

Fred Thiel, CEO of Bitcoin mining company MARA Holdings, recommends a “buy and hold” strategy for individual investors aiming for long-term gains. Highlighting Bitcoin’s historical price performance, Thiel emphasized its consistent value increase over the years.

Thiel pointed out that Bitcoin has only experienced annual losses three times in its 14-year history. In an interview with FOX Business, he stated:

“My advice to my children is to buy Bitcoin regularly every month and witness its growth over the long term.”

He also noted that Bitcoin has demonstrated an annual average value growth of 29% to 50%, presenting a significant opportunity for individual investors.

Factors That Could Drive Bitcoin Prices in 2025

Thiel identified several key catalysts that could boost Bitcoin’s value:

U.S. Bitcoin Reserve Plans: The potential use of Bitcoin as a national reserve.
Increased Institutional Investment: The launch of spot Bitcoin ETFs is expected to attract more institutional investors.
Friendly Regulatory Environment: The new administration (Trump government) is anticipated to adopt a crypto-friendly stance.

In a poll conducted by prominent Bitcoin advocate and MicroStrategy Executive Chairman Michael Saylor, 77.7% of respondents indicated plans to increase their Bitcoin investments in 2025. The poll received a total of 65,164 responses.

MARA Holdings’ Bitcoin Strategy

In 2024, MARA Holdings increased its Bitcoin reserves by 192.5%, reaching 44,394 Bitcoins, equivalent to $4.3 billion at current market prices. The company retains all its mined Bitcoin, adhering to a hold-all strategy that has drawn attention.

Following MicroStrategy’s massive reserve of 446,400 Bitcoins, MARA Holdings holds the second-largest Bitcoin reserve among publicly traded companies. This strategy reflects the company’s expectation of Bitcoin’s long-term value appreciation.

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