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.

Whale Movements and Market Dynamics Shake Ethereum ($ETH)

Recently, a significant whale made waves in the Ethereum market by depositing 20,000 ETH ($67.6 million) into Kraken. This follows a pattern where the same whale withdrew 217,513 ETH ($350.5 million) from both Kraken and Coinbase in late 2022, originally acquired at an average price of $1,611. Since March 2024, this whale has continued to deposit ETH, totaling 146,639 ETH ($464.8 million) at an average price of $3,170. With 70,874 ETH ($240 million) left, the whale has accrued a substantial profit of $354 million. A giant whale deposited 20K $ETH ($67.6M) into #Kraken again 45 minutes ago. This whale withdrew 217,513 $ETH ($350.5M) from #Kraken and #Coinbase between Aug 31 and Sept 9, 2022 at an average price of $1,611. Since Mar 6, 2024, this whale has deposited 146,639 $ETH ($464.8M) to… pic.twitter.com/DAlNJMTd54 — Lookonchain (@lookonchain) January 16, 2025 Other Whale Activities In addition to the giant whale, other significant movements were observed. A newly created wallet withdrew 2,884 ETH ($9.57 million) from Binance, while three whales collectively dumped 10,895 ETH ($36.47 million) over the past three hours. Notably, jitrust.eth incurred a loss of $1.6 million by depositing 4,669 ETH ($15.65 million) into Binance. Another newly created wallet withdrew 2,884 $ETH ($9.57M) from #Binance 30 mins ago. https://t.co/ZQIzpIO1SC https://t.co/HKuBcemhy6 pic.twitter.com/2MakMwwGgX — Lookonchain (@lookonchain) January 16, 2025 Meanwhile, specific wallets sold substantial amounts of ETH at recent market prices: 4,216 ETH ($14.08 million) at $3,341 and 2,010 ETH ($6.74 million) at $3,352. 3 whales dumped 10,895 $ETH ($36.47M) in the past 3 hours. jitrust.eth deposit 4,669 $ETH ($15.65M) to #Binance for a loss of $1.6M. 0x0945…4Cec sold 4,216 $ETH ($14.08M) at $3,341 and 0x0121…fDb7 sold 2,010 $ETH ($6.74M) at $3,352. https://t.co/QVT9qF9NuZ … pic.twitter.com/wiGbQk3NSL — Lookonchain (@lookonchain) January 16, 2025 Ethereum Spot ETFs Inflows On January 15, Ethereum spot ETFs witnessed a total net inflow of $59.7821 million. Fidelity’s FETH ETF led with a net inflow of $29.3164 million, followed by BlackRock’s ETHA ETF with $19.8486 million in net inflows. On January 15, the total net inflow of Ethereum spot ETFs was $59.7821 million. The net inflow of Fidelity ETF FETH was $29.3164 million, and the net inflow of BlackRock ETF ETHA was $19.8486 million. https://t.co/Tvs2oCSxTg pic.twitter.com/xDnyNSsVbq — Wu Blockchain (@WuBlockchain) January 16, 2025 Market Implications and Analysis These whale activities highlight ongoing volatility and strategic positioning within the Ethereum market. While large deposits signal confidence and potential bullish sentiment, significant sell-offs and withdrawals indicate profit-taking and market adjustment strategies. The influx of capital through Ethereum spot ETFs further underscores institutional interest and its impact on market liquidity and price dynamics. Conclusion As Ethereum continues to navigate these whale-driven movements and ETF inflows, market participants remain vigilant for further developments that could influence price trends and investor sentiment in the near term. Understanding these dynamics is crucial for assessing Ethereum’s resilience and potential future directions in the broader cryptocurrency landscape. 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: nexusplexus/ 123RF // Image Effects by Colorcinch AMB Crypto

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Veteran Trader Peter Brandt Predicts Bitcoin Could Rally to $150,000 This Year – But There’s a Catch

Legendary trader Peter Brandt says Bitcoin (BTC ) may hit $150,000 this year while not ruling out a possible bearish scenario instead. Brandt tells his 773,500 followers on the social media platform X that Bitcoin may surge nearly 50% from its current value. However, he warns that based on Bayesian analysis, a statistical method that evaluates future outcomes based on historical trends and new data, there remains a possibility that Bitcoin may suddenly plummet by more than 50%. “Preface: what I am saying here will completely confuse those of you who are single narrative dogmatic investors. I am a Bayesian, open at the same time to multiple narratives. I’ve forecast $135,000 +/-$15,000 for BTC in 2025. But, as a Bayesian, I still assign the possibility that BTC is constructing a massive top for a 50%+ decline. Do I hedge my bets based on Bayesian priors – of course I do. Being aware of risks comes from being a 50-year career trader.” Source: Peter Brandt/X Looking at his chart, the analyst suggests that Bitcoin may plummet if it completes the bearish head-and-shoulders pattern (H&S) on the daily chart. A head-and-shoulders pattern typically suggests that an asset is losing momentum and could reverse its uptrend if the price breaks below the structure’s support. However, Brandt also says that BTC appears to be flashing a bullish price pattern using the terms bump, hump, slump and dump. The pattern, which was also witnessed last year before BTC surged from $50,000 to above $100,000, suggests that BTC may “dump” to around $84,000 before recovering and ascending toward $150,000. “The big question in my mind is whether Bitcoin will get one more dump (or more lengthy congestive chop) before the pump. Remember, markets generally do not [soar] until retail traders get worn out.” Bitcoin is trading for $100,029 at time of writing. Brandt next weighs in on Ethereum ( ETH ) competitor Cardano ( ADA ). He believes that ADA has reached a local market bottom at $0.81 on the weekly chart and is gearing up for a massive breakout that will flip $1.09 into support. “Altseason? Make no doubt about it, Cardano has bottomed for a grand bull market.” Source: Peter Brandt/X ADA is trading for $1.09 at time of writing, up 4.9% in the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Veteran Trader Peter Brandt Predicts Bitcoin Could Rally to $150,000 This Year – But There’s a Catch appeared first on The Daily Hodl . AMB Crypto