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Is Bitcoin’s Bull Market Just Getting Started? This Crucial Metric Says So (Details)

TL;DR Although bitcoin’s price tumbled by over 20% since its January all-time high and is currently nowhere near it, a crucial metric shows that the actual cycle peak is not here yet. In terms of entry prices, though, one analyst cautioned that the current levels might not be optimal. No Peak Yet? After hitting an all-time high on January 20 this year at over $109,000, bitcoin’s price started to lose value gradually until the end of the month and then nosedived following the global economic uncertainty prompted by US President Trump’s controversial approach. The culmination came last week when BTC tumbled below $75,000 for the first time in five months. This meant that the asset had lost nearly $35,000 in less than three months. This split the community into those who believe the bull market has come to a screeching halt and those who rely on history to be more optimistic, suggesting that such substantial corrections have occurred during all previous cycles. But there are only that—corrections, and BTC will persevere. Ali Martinez, a crypto analyst with over 135,000 followers on X, brought another key metric that could support the latter. It still relies on historical performance, but it’s not focused on the technical aspects. Instead, it measures the retail activity as BTC tends to peak after a massive influx of such investors. So far, there hasn’t been a big retail wave. This is evident from the lack of Google searches as well as the missing “retail activity through trading frequency surge.” #Bitcoin $BTC market tops have historically aligned with surges in retail activity. The move from $70,000 to $110,000 lacked that, echoing the late 2021 setup. pic.twitter.com/rVJPUTpXZC — Ali (@ali_charts) April 18, 2025 Martinez noted that the current cycle resembles the 2021 run when BTC peaked in April, only to break that high at the end of the year. Don’t Rush to Buy Although history suggests there might be more gains on the horizon for BTC, Martinez published another chart that suggests investors should maybe be more patient before allocating funds to the largest digital asset. This is because of the Bitcoin Exchange inflow volume, a metric used to “spot strong entry points.” #Bitcoin $BTC exchange inflow volume momentum is a key metric for spotting strong entry points. For now, it’s signaling patience. We’re still waiting for the right opportunity to step in. pic.twitter.com/NSS1fZcHMl — Ali (@ali_charts) April 19, 2025 This essentially confirms a previous report by Glassnode, which read that the BTC market is now in a “ wait-and-see ” phase. The post Is Bitcoin’s Bull Market Just Getting Started? This Crucial Metric Says So (Details) appeared first on CryptoPotato . CoinOtag

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Canary Capital Seeks Approval for First-Ever Staked TRX ETF

Asset management firm Canary Capital has filed with regulators to launch an exchange-traded fund (ETF) based on the Tron network’s native token, TRX. What sets this proposal apart is its unique approach—besides holding spot TRX, the fund intends to stake a portion of its holdings to generate yield. According to data from StakingRewards.com, TRX currently offers an annualized staking yield of around 4.5%. This built-in return potential could make the ETF especially appealing to investors seeking passive income in addition to crypto exposure. TRX, which sits at a market capitalization of over $22 billion according to CoinMarketCap, is the native currency of the Tron blockchain—a proof-of-stake network founded by entrepreneur Justin Sun. While filings for altcoin ETFs are becoming increasingly common, Canary’s proactive inclusion of staking in its initial application is rare. Typically, firms wait to gain approval for holding spot tokens before requesting permission to stake. For instance, ETFs tracking Ethereum have been waiting for regulatory clarity on staking well after securing approval to hold the asset itself. SEC Lawsuit Still Looms Over Tron Founder The filing does come with its share of controversy. In March 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Tron founder Justin Sun , accusing him of artificially pumping the prices of TRX and BitTorrent’s BTT token. Notably, both parties have since agreed to pause the proceedings as they explore a potential settlement. Still, the legal cloud adds an element of uncertainty that could influence regulatory decisions on the proposed fund. Despite the legal scrutiny, the ETF filing reflects a growing willingness among asset managers to experiment with newer and less conventional tokens. Since the beginning of 2024, Canary has been aggressively expanding its crypto ETF ambitions , seeking approval for products tied to a variety of altcoins including Litecoin, XRP, Hedera, and even niche tokens like Pengu (PENGU) and Axelar (AXL). Investor Caution Lingers Over Non-Core Crypto ETFs However, not everyone is convinced this trend will gain serious traction. Some analysts believe the flood of altcoin ETF proposals may struggle to gain meaningful assets under management. “Most crypto ETFs will fail to attract AUM and cost issuers money,” warned Alex Krüger, a well-known crypto economist, in a recent post on X. Still, Canary’s TRX ETF proposal could be a litmus test for how far the SEC is willing to go in recognizing altcoin-based investment vehicles—especially those aiming to unlock additional value through staking. The post Canary Capital Seeks Approval for First-Ever Staked TRX ETF appeared first on TheCoinrise.com . CoinOtag