
A widely followed crypto analyst says that smart contract platform Ethereum ( ETH ) appears close to bottoming out against Bitcoin ( BTC ). In a new video update, crypto strategist Benjamin Cowen tells his 877,000 YouTube subscribers that the ETH/BTC pair will likely find its cycle low under 0.017 ($2,181) sometime near the end of the year. “ETH/BTC market cap ratio is getting pretty close to the lows…I think there is a decent chance that it will bottom out.” However, according to Cowen, if the US Federal Reserve were to cease its monetary policy of quantitative tightening, the ETH/BTC pair would immediately bottom out. Quantitative tightening is when central banks shrink their budgets to reduce the amount of money circulation in the economy as a means of countering inflation. “If the Fed were to end quantitative tightening, that could very well mark the bottom for ETH/BTC right now… I don’t really expect it to go higher until quantitative tightening is over, at least not in a durable fashion. That doesn’t mean [ETH/BTC] can’t bounce around but I just wouldn’t expect that until quantitative tightening is over. What’s likely going to happen at some point is whenever quantitative tightening ends, it’ll likely get a rally back up to the bull market support band.” In June 2022, the Federal Reserve announced that it would reduce its balance sheet. ETH/BTC is trading for 0.0264 ($2,227) at time of writing, a 3.2% decrease from the previous 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: DALLE3 The post Ethereum Is Getting Pretty Close to Bottoming Out Against Bitcoin, Warns Crypto Analyst Benjamin Cowen appeared first on The Daily Hodl .
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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.
Is the $500 Solana Dream for 2025 Still Realistic? SOL, RAY & JUP Price Predictions for Q1-Q2

Solana has captivated investors with its rapid ascent, but can it hit $500 by 2025? The article dives into current price predictions for SOL, as well as insights on RAY and JUP for the first two quarters ahead. Which of these coins are showing promise and ready to surge? Find out what analysts are saying. Solana Shows Recovery Hints Amid Short-Term Bearish Pressure A 42% drop over the past month contrasts with a modest four percent decline in the last six months. Price action highlights severe short-term pressure balanced by a more stable longer-term performance. Volatility has been high , creating dynamic entry points for savvy traders despite recent setbacks. Current price levels trade between $169 and $295, with resistance around $358 and support near $106. Bearish signals dominate the charts, supported by low momentum and an RSI around 25. Traders may consider buying near support while watching for a break above resistance to capture potential rallies, keeping risk management tight amid prevailing short-term caution. Raydium Price Dive and Recovery Sparks Trading Ideas Coin experienced a sharp decline over the last month, losing nearly 68.57% of its value. Over the past six months, it managed to bounce back with a gain of 37.47%, indicating that recovery can follow steep drops. The history highlights volatile movement, where recent losses contrast with mid-term upward trends, reflecting a mix of market reactions and eventual buyer interest. Current price sits between 4.58 and 9.12 dollars, with immediate resistance at 11.17 dollars and clear support at 2.09 dollars. Bears have steered the market recently, evident in the steep weekly drop of 54.51% and oversold conditions with an RSI of 23.27. Traders may look for cautious entry near support or a pullback from the 11.17 resistance, as no defined trend has solidified yet. Jupiter Faces Volatility Amid Recent Correction and Key Levels Jupiter price action shows a steep one-month drop of 37.97% alongside a milder six-month decline of 6.37%, with a one-week fall of 11.56% highlighting recent pressure. The contrast between the drastic short-term move and the less severe long-term change reflects a period of adjustment marked by volatility and rapid corrections. The current trading range of 0.74 to 1.31 dollars is framed by resistance at 1.58 dollars and clear support at 0.44 dollars. Bearish signals from momentum and moving average indicators suggest caution. The price struggles between these levels, inviting tactical entries near support in anticipation of a rebound while maintaining tight risk controls. Conclusion The potential for SOL , RAY , and JUP to rise remains a topic of interest. While $500 for SOL by 2025 is ambitious, significant growth is not impossible. These coins have shown volatility but also resilience. Key developments and market trends will influence their trajectories. RAY and JUP are also expected to see gains, with particular focus on the upcoming quarters. Staying informed about innovations and partnerships is crucial for understanding their future performance. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. The Daily Hodl

Massive $1 Billion Bitcoin Exodus: Shocking Crypto Exchange Outflows Trigger Market Speculation
Hold onto your hats, crypto enthusiasts! The Bitcoin market just witnessed a massive movement that has everyone talking. In a jaw-dropping hour, over $1 billion worth of Bitcoin vanished from major cryptocurrency exchanges. According to data from CryptoQuant, a staggering 9,148.64 BTC – equivalent to a cool $1 billion – was pulled out of these platforms. This isn’t just pocket change; it’s a monumental shift that’s got analysts and investors alike scratching their heads and wondering, “What does this mean for Bitcoin?” Let’s dive into the details of these significant Bitcoin withdrawals and explore the potential implications for the crypto market. Why are These Massive Crypto Exchange Outflows Happening? The numbers are truly eye-opening. CryptoQuant’s data reveals a breakdown of where this Bitcoin leaving exchanges action originated: Coinbase Prime: A hefty 3,074 BTC departed from Coinbase Prime. Binance: Binance saw 2,652 BTC move out. Coinbase Advanced: Another 1,827 BTC was withdrawn from Coinbase Advanced. These aren’t your average retail traders making small withdrawals. CryptoQuant suggests that these large-scale crypto exchange outflows from platforms that don’t typically handle custody or OTC (Over-The-Counter) trading could indicate new wallet transfers. But what does that actually mean? Here’s a simplified breakdown of potential reasons behind such significant BTC withdrawals : Institutional Accumulation: Large entities or institutions might be accumulating Bitcoin, moving it off exchanges into their own secure wallets for long-term holding. This is often seen as a bullish signal, suggesting strong conviction in Bitcoin’s future. Shifting to Cold Storage: Investors might be moving their Bitcoin to cold storage solutions for enhanced security. Cold storage, like hardware wallets, keeps your crypto offline, significantly reducing the risk of online hacks. OTC Deals: While CryptoQuant mentioned exchanges not supporting OTC, it’s still possible that these withdrawals are related to larger OTC deals being settled off-exchange. De-risking from Exchanges: In light of past exchange collapses and security concerns, some investors may be proactively removing their Bitcoin from exchanges to minimize potential risks associated with platform vulnerabilities or regulatory uncertainties. What Does a Billion Dollar Bitcoin Outflow Signify for the Market? A billion dollar Bitcoin outflow in a single hour is not just a blip on the radar; it’s a seismic event that can ripple through the entire crypto market. So, what are the potential implications? Reduced Selling Pressure: When Bitcoin is withdrawn from exchanges, it’s generally considered to be moving into longer-term storage, effectively reducing the immediate supply available for trading. This decrease in supply can potentially lead to reduced selling pressure and, consequently, upward pressure on Bitcoin’s price. Bullish Sentiment Indicator: Large withdrawals are often interpreted as a sign of bullish sentiment. Investors wouldn’t move significant amounts of Bitcoin off exchanges unless they anticipated holding it for the long term and potentially expecting price appreciation. Potential Price Volatility: While reduced supply can be bullish, such large movements can also contribute to price volatility, especially in the short term. The market may react to these outflows with uncertainty before settling into a new equilibrium. Institutional Interest Confirmation: Sustained periods of large Bitcoin withdrawals could be a strong indicator of growing institutional interest and adoption. Institutions tend to make larger, longer-term investments, and moving Bitcoin into custody solutions is a characteristic of their investment strategy. Could This Be a Bullish Signal for Bitcoin? Many analysts are indeed viewing these massive Bitcoin withdrawals as a potentially bullish signal. The logic is straightforward: if large holders are removing Bitcoin from exchanges, they are likely not planning to sell it anytime soon. This reduces the available supply on exchanges and signals a longer-term holding strategy. However, it’s crucial to remember that the crypto market is complex and influenced by numerous factors. While these crypto exchange outflows are noteworthy, they are just one piece of the puzzle. Other factors, such as macroeconomic conditions, regulatory developments, and overall market sentiment, also play significant roles in Bitcoin’s price action. Actionable Insights: Monitor Exchange Balances: Keep an eye on exchange balances and withdrawal trends. Significant and sustained outflows can be an indicator of shifting market sentiment and potential price movements. Track Institutional Activity: Look for news and data related to institutional Bitcoin adoption and custody solutions. Increased institutional involvement often correlates with bullish market phases. Stay Informed, Stay Vigilant: The crypto market is dynamic. Stay updated on market news, analyze data from reputable sources like CryptoQuant, and make informed decisions based on a comprehensive understanding of the market landscape. Conclusion: A Billion Dollar Question – Where is Bitcoin Headed? The billion dollar Bitcoin question remains: where is all this Bitcoin going, and what does it truly mean for the future? While the immediate impact of these Bitcoin leaving exchanges is still unfolding, the sheer magnitude of these withdrawals cannot be ignored. It’s a potent reminder of the ever-evolving dynamics of the cryptocurrency market and the significant shifts that can occur in the blink of an eye. Whether this is the start of a new bullish phase, a strategic repositioning by large holders, or something else entirely, one thing is certain: the crypto world will be watching closely to see what happens next. This massive outflow certainly injects a dose of excitement and speculation into the market, leaving us all pondering the next chapter in Bitcoin’s incredible journey. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action. The Daily Hodl