Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Market Pullback After the New Year Holidays

The market has experienced a pullback as the New Year holidays come to a close. Major cryptocurrencies have seen significant declines, with Bitcoin currently trading at $95,000, down by 6%, and Ethereum dropping to $3,300, reflecting a 9% decrease. Notable Declines in Altcoins Some altcoins have been hit particularly hard in this market dip. $Ai16z has seen a substantial drop of 17%, alongside other tokens such as $HYPE and $ENA, which also fell by 17% and 16%, respectively. This market volatility has contributed to a notable uptick in liquidations, with a total of $631 million in long positions wiped out over the past 24 hours. Market Overview – Total Market Capitalization: $3.50 trillion, down 7.51% – 24-Hour Liquidations: $693 million, a dramatic increase of 253% – Fear & Greed Index: 70, indicating a state of “Greed” Market Overview The market has pulled back following the end of the New Year holidays. #Bitcoin is trading at $95K (-6%) and #Ethereum at $3.3K (-9%). Notable declines include $Ai16z (-17%), $HYPE (-17%) and $ENA (-16%). In the past 24 hours, $631M worth of long positions… pic.twitter.com/8rF89CRljG — CryptoRank.io (@CryptoRank_io) January 8, 2025 Whale Activity: $Ai16z and Other Holdings A prominent whale from the $Ai16z holdings (address: TOP7 Whale) made waves by selling 1.9 million $Ai16z tokens through the trumpet E9uDt…bY9cf address three hours ago. This sale was valued at approximately $3.67 million. In the past month, this whale opened a position worth 19.83 million $Ai16z tokens at an average price of $0.5057, investing over $10 million. Despite the recent sell-off, they still hold 17.43 million tokens, showing a floating profit of $23.04 million and a return of 260%. ai16z 持仓 TOP7 巨鲸通过小号 E9uDt…bY9cf 于三小时前卖出 190 万枚 ai16z，约 367 万美金 过去一个月内他以均价 $0.5057 建仓了 1983 万枚，投入超 1002 万美金！目前仍持有 1743 万枚，浮盈 2304 万美金，回报率 260% 此外他还持有 640 万美金 ZEREBRO（TOP7 持仓地址）和 236 万美金 $SONIC https://t.co/RuvqBKEBHI pic.twitter.com/LJDq3x2hiy — Ai 姨 (@ai_9684xtpa) January 8, 2025 Additionally, this whale also holds substantial positions in other assets, including $ZEREBRO, with 6.4 million USD worth, and $SONIC, with 2.36 million USD worth. This demonstrates how the market remains active, with both volatility and large investor activity continuing to shape the trends in the cryptocurrency space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: skorzewiak/ 123RF // Image Effects by Colorcinch Finbold

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Toncoin Could See A 65% Surge In The Next 43 Days—Here’s Why

The cryptocurrency market has shown heightened activity in early 2025, with Toncoin (TON) emerging as one of the spotlighted assets following an analysis shared by a CryptoQuant analyst, Burak Kesmeci. According to recent data, the 90-day percent return metric for TON indicates the early stages of an uptrend, raising expectations of a sustained rally in the coming weeks. This trend has been observed historically, with similar metrics signaling substantial gains in past bull cycles. Related Reading: Toncoin Price Recovery Continues — Is The Dwindling Staking TVL Ratio Bullish? Historical Data Suggests Strong Price Potential Kesmeci disclosed that historical analysis reveals that TON has previously demonstrated notable performance following reversals in the 90-day percent return metric. For example, in August 2023, TON rose from $1.72, delivering a 65% gain over 70 days. Similarly, in February 2024, the asset surged by 258% in just 43 days after a similar metric reversal. The most recent example, recorded in November 2024, saw TON climb 32% within 11 days. These instances suggest that when the 90-day percent return metric crosses into positive territory, it often serves as a precursor to significant upward price movement. The current trend, which began just seven days ago, has sparked optimism among investors who are considering short-term accumulation strategies. Kesmeci reveals that if historical trends persist, TON could experience a median gain of 65% over the next 43 days. The analyst wrote: Currently, we observe that the “90-day percent return” metric for TON has entered a bull trend for the fourth time. It has been only 7 days since this reversal. Based on previous data: Expected duration: 43 days (median value) Potential percentage return: 65% (median value) These insights suggest that TON is likely to continue its upward trend in the short term. However, it is worth noting that market conditions and external factors, such as overall sentiment in the cryptocurrency sector, could influence the trajectory of this trend. Toncoin Market Performance Since the year began, Toncoin has been unable to make a significant movement towards the upside. Instead, the altcoin has continued to face consistent decline. Over the past two weeks, TON has now plunged by a double-digit performance of nearly 12%. This has brought the asset’s price to currently trade below $6 as of today marking a 7.5% decline in the past 24 hours. Interestingly, despite the consistent decline from TON in recent weeks, the asset’s daily trading volume has seen an opposite trend. Related Reading: Toncoin Consolidates: Could A Breakout Push TON Higher? Particularly, in the past 7 days, TON’s daily trading volume has moved from $200 million last Wednesday to now sitting at roughly 344 million as of today. Given the current trend in TON’s price, it is worth noting that this increase in TON’s trading volume might be from the continuous selling pressure in the TON market. Featured image created with DALL-E, Chart from TradingView Finbold