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Is The Crypto Market Top Near? Here’s Why There’s ‘Some Runway Left’

After the recent crypto market corrections, some investor’s and market watchers’ bullish sentiment appears to have decreased, with many claiming the top is in. However, other analysts point out that several indicators don’t signal a cycle peak yet, suggesting that the bull still has some gas in its tank. Related Reading: Aptos (APT) Could See A 95% Rebound, But It Must Hold This Level – Analyst Crypto Market Capitalization Retests Key Level The crypto market has recently suffered continuous corrections that have halted the momentum from the post-US election. During the November-December rally, the industry achieved many milestones, including Bitcoin’s breakout from the $100,000 barrier for the first time in history. The crypto market also surpassed its 2021 all-time high (ATH), reaching a market capitalization of $3.73 trillion on December 17, 2024. Nonetheless, its recent shakeout sent the total crypto market cap (TOTAL) to its lowest range in nearly three months. On Monday, the market retraced to the $2.8 trillion mark, briefly losing the key $3 trillion support level before bouncing. Market observer Daan Crypto Trades highlighted that the TOTAL chart retested the 2021 ATH during the pullback, turning the weekly candle “into a pretty interesting one.” The trader explained that the $3 trillion mark is crucial to hold going forward despite the chart showing “plenty of demand for the time being.” Meanwhile, the $3.7 trillion mark remains the key resistance level, as it is “what’s in the way of further expansion higher.” Daan also noted that the Altcoins market capitalization, which excludes Bitcoin and Ethereum, swept the 2024 highs and bounced after briefly losing its current range during the market correction, which could suggest that the long-awaited altseason is still ahead. He pointed out that Altcoins might continue moving sideways within their current range, but a breakout could see them test the December highs, as they are yet to break their 2021 ATH properly. Cycle Top Coming In Q4? Analyst Sjuul from AltcryptoGems shared an analysis of the total crypto market chart. The analyst stated that he doesn’t see the “warning signs” other investors and market watchers have mentioned online. From a technical perspective, the crypto market’s rally is a “straightforward support and resistance situation” since flipping the 2021 ATH level, which the market is currently holding. Sjuul compared this cycle to the previous one, stating that it technically is the beginning of the “real bull run.” Timewise, the chart presents various similarities between the two cycles, suggesting the top is around 230 days away. He explains that the 2021 breakout from the previous cycle’s top occurred 1,120 days from the 2017 ATH. Additionally, the 2021 cycle top occurred 1,400 days after the 2017 peak. Related Reading: Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level Meanwhile, this cycle’s breakout from the 2021 ATH happened approximately 1,120 days after the top, similar to the last cycle. If history repeats itself, this cycle’s timing suggests that the crypto market top is around 7-9 months away. Ultimately, the analyst projected the market peak to occur in Q4 2025 and potentially hit a market capitalization of $4.5 trillion. Featured Image from Unsplash.com, Chart from TradingView.com

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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.

Whale Activity on Hyperliquid: Profits Soar Following $BERA Mainnet Launch

The awaited mainnet launch of @berachain took place yesterday and has caused quite the stir in the crypto markets. The launch has sparked a flurry of $BERA claims, but possibly more interesting is the surge in whale activity, with some large investors making quite the scene on platforms like Hyperliquid. One whale, for instance, managed to turn a profit of $589,000 by shorting $BERA, which is a pretty clear sign of the kind of speed and volatility we’re witnessing in the markets post-listing. After $BERA was listed, a whale made a profit of $589K by shorting $BERA in less than 2 hours. He deposited 1.6M $USDC to #Hyperliquid 16 hours ago and shorted $BERA at ~$13. Then he closed the short position and withdrew 2.19M $USDC , making a profit of $589K.… pic.twitter.com/2pN3jaN12t — Lookonchain (@lookonchain) February 7, 2025 The $BERA launch was one of the most discussed recent events in decentralized finance (DeFi). As trading got underway for the new token, the market reacted with some immediate volatility—one that, as is often the case, several large traders took advantage of. Coming just days after the market’s overall mood had shifted toward bearish, we were led to believe by the trading action that $BERA might, at least for a little while, operate in a counter-trend manner and deliver some quick profits—some of which were booked by a whale who managed to make a profit of $589K in under two hours. Whale Shorting Strategy Yields Quick Profit on Hyperliquid The most notable action occurred when a whale moved 1.6 million USDC into Hyperliquid 16 hours ago to short $BERA at about $13 per token. Within just two hours, the whale had closed the short position and withdrawn 2.19 million USDC from the platform, netting a profit of $589,000. This incident shows that traders with the right strategy (and access to liquidity) can really capitalize on the short-term market movement after a new token listing. The success of the whale shows how liquid and levered platforms like Hyperliquid are for crypto traders. When the whale trades, it’s using a platform most traders can only dream of—a platform on which you can still make big trades without moving the market. That’s the kind of platform that crypto needs, and not for just one or two tokens. Otherwise, the timing of the whale’s trades might be the only thing we’re left to discuss when it comes to the trades being made on Hyperliquid. This event of shorting not only highlights the shorting of $BERA but also the more general problem, as we see it, with emerging exchanges like Hyperliquid. The exchange is increasingly popular with retail and even institutional investors. Its two main young selling points are its supposed ease of use and its liquidity, but if you are an investor (or even if you are just interested in the crypto space), it should concern you that both of these main selling points can be seen as red flags. The whale made a big profit shorting $BERA, but it only took 30 minutes for another major player to step in. About half an hour ago, a different whale went long on $BERA, depositing 2.5 million USDC into Hyperliquid for the occasion. This whale is most definitely not a $BERA bear. If anything, it seems like the confidence in $BERA from the $BERA whales might be picking up after its volatile debut, even if it is on the borderline of being a confidence scheme. A whale deposited 2.5M $USDC into #Hyperliquid to go long on $BERA 30 minutes ago. https://t.co/VufzUD1JTA pic.twitter.com/cA4VEpNjJN — Lookonchain (@lookonchain) February 7, 2025 Liquidity Dominance: Top Exchanges for $BERA When trading starts for the $BERA token, the leading exchanges by balance indicate where the most trading is taking place. The top three exchanges by balance are: 1. Bybit 2. Bitget 3. Gate.io The liquidity and market depth of $BERA, which is now traded primarily on these exchanges, have grown significantly since its inception. The presence of futures and spot markets, with accompanying advanced order types, has allowed for both retail and large-scale traders to exert quite a bit of influence on $BERA, with the path of least resistance for its price tending to be upward. Increasingly so, $BERA has been trending not just in price but in popularity among traders, to the point where eyes are beginning to turn toward the very real possibility of it becoming the next big moonshot. Bybit, Bitget, and Gate.io are the leaders in the space—at least at the moment. They each offer unique features that cater to different trader preferences. For my money, they are the three best platforms to use if you’re seeking to make a profit from $BERA’s, or just about any cryptocurrency’s, market swings. That said, I also wouldn’t mind rifling through the order books of Binance or KuCoin to see where either of them stands in the $BERA trading competition. And while I do that, I might try and spot Tether, which does have the advantage of being the biggest stablecoin by a long shot, all $83 billion of its market cap. In case you`ve been hibernating in a cave, @berachain `s mainnet went live yesterday, and $BERA claims have been rolling in. Who’s making moves? Let’s take a look: pic.twitter.com/5HD8qbrvSy — Nansen (@nansen_ai) February 7, 2025 Looking Ahead: $BERA’s Future in the DeFi Space The crypto community is taking notice of the $BERA token. Despite being mostly found under the radar, the $BERA token is currently the top-decentralized (DeFi) market in which to trade because that’s where all the liquidity is. Even though the $BERA token seems to not have much liquidity, it has enough whale trading activity to make it a near-essential decentralized market in which to trade $BERA. The trading of $BERA isn’t super straightforward or easy, but platforms like Hyperliquid and other key decentralized exchanges are mostly how traders trading $BERA can trade $BERA, period. In the previous 24 hours, the market for $BERA has begun to attract some big players, as evidenced by the activity we’ve seen with shorting and going long with the stock. These folks clearly understand the value of making quick, tactical moves. And while their presence could lead to further volatility for $BERA in the near term, that also creates an environment ripe with opportunity for anyone well-positioned to take advantage of what’s happening in the stock. In the end, the direction of $BERA will depend on the token’s evolution within the larger DeFi ecosystem, on its utility, and on the ongoing provision of liquidity by top-tier exchanges such as Bybit, Bitget, and Gate.io. What is abundantly clear, though, is that the launch of $BERA has set the crypto world abuzz, with heavy-hitting investors poised to capitalize on every move the market makes. 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: kfifa/ 123RF // Image Effects by Colorcinch NewsBTC

XRP ETF Filings and Strategic Partnerships Propel the Future of XRPL Ecosystem

The exciting development surrounding Ripple’s $XRP in the world of cryptocurrency has to do with the application for an ETF tied to $XRP . Several major investment funds have applied to launch an ETF tied to $XRP. They are 21Shares, Bitwise, Canary Capital, and WisdomTree. Their applications signify the growing appeal of $XRP among not just retail investors but also institutional investors. And this development comes against the backdrop of a generally maturing cryptocurrency market, a market in which more and more traditional financial institutions appear to be interested in integrating digital assets into financial products. Institutional Interest in XRP Soars Some of the most prominent asset managers in the industry have filed for ETF applications for $XRP. This is a big deal for Ripple and the cryptocurrency climate in general. Why? Because an ETF would provide both retail and institutional investors a more accessible and regulated means through which they could invest in $XRP—without the confusing and often daunting prospect of directly holding or trading in a cryptocurrency. Thrilled to announce our groundbreaking partnership with Girin Wallet to revolutionize the XRPL ecosystem! We`re bringing Supertransactions to $XRP , making multi-chain operations as simple as a single click. No more juggling gas fees or complex bridging steps! Key features:… https://t.co/RUbGxALg59 — Biconomy (@biconomy) February 7, 2025 Vehicles such as the 21Shares, Bitwise, Canary Capital, and WisdomTree have been crucial to the advancement of exchange-traded products for cryptocurrencies. Their interest in $XRP, however, goes beyond expressing a desire to provide products related to the token. The very presence of such firms in the $XRP space—a sign of increasing confidence in the token’s future—hints at a potentially exceptional development story for $XRP. Of course, should these firms secure the various approvals needed to launch an $XRP ETF, that would be the real story. Whales Capitalize on Market Dip With the interest of institutions in $XRP growing rapidly, retail investors are also keeping a close eye on the asset. After the recent market dip, large-scale crypto investors took advantage of the situation and went on a buying spree, accumulating a staggering amount of $XRP. In just a few days, these “whales” netted 520 million $XRP, which speaks volumes about their confidence (and maybe our collective confidence?) in the token’s long-term potential. The crypto community is closely watching these large transactions, since they obviously involve—by definition—large amounts of crypto. What’s more, market sentiment is always an aspect of trading whales that the community pays attention to. And for us to have luxury whales accumulating $XRP in a down market, that’s positive sentiment to project into the community. So obviously, we have to consider the prospect of positive developments for not just Ripple, but its entire network, since that’s what’s going to make the community perceive the price of $XRP positively. Groundbreaking Partnership: Biconomy and Girin Wallet In another exceptional development, Biconomy has entered into a strategic partnership with Girin Wallet to continue to revolutionize the XRP Ledger (XRPL) ecosystem. This collaboration takes aim at the user experience for those interacting with $XRP and the XRPL, attempting to make it as simple as possible for them to engage in multi-chain transactions. One of the key features of this partnership is the introduction of “Supertransactions” to the XRPL, which are designed to streamline cross-chain operations. This new feature allows users to execute transactions seamlessly across different blockchain networks with a single click. Traditionally, users have had to navigate complex steps to complete multi-chain transactions, often dealing with multiple gas fees, bridging processes, and sometimes, complicated interfaces. The integration of Supertransactions into the XRPL removes these barriers and offers a frictionless experience that could drive mass adoption of applications built on top of the XRPL. Biconomy’s Multi-Execution Engine (MEE) has changed the rules of the game. Previously, when a user made a transaction on a blockchain, they were directly responsible for the gas fee of that particular transaction—as well as potentially several other associated transactions. Paying these gas fees was often a pain point because of the price and inconvience involved. MEE operates under the principle that it should not be the user, but rather the system as a whole, that incurs this cost. The gas fee is now an abstracted feature of the system, benefiting the user. The Future of the XRP Ecosystem With the excitement around the filing of an ETF continuing to build, and with what partnership like the one between Biconomy and Girin Wallet do to push the envelope of real-world, XRPL-based possibilities, institutional interest in $XRP seems to be heading ever-forward. And why wouldn’t it? On the regulatory front, $XRP is looking clearer all the time, and it’s not just an ETFs-related story. Biconomy’s Supertransactions and the new multi-chain capabilities they bring are just the tip of the iceberg. They are not even real; they are Simulations; Computer Programs impersonating Reality; Models. The next level is what’s called Cross-Chain Interoperability; programs that run across two or more blockchains. The best current practice in that area is probably what’s called Protocols, which, as far as I can understand, are a set of instructions governing how one program says to another program, “You go first,” or “You finish first,” or some such combination of instructions so that the whole thing operates seamlessly. Whales seized the opportunity during the recent dip, buying 520 million $XRP ! pic.twitter.com/v2Lu4uBMgm — Ali (@ali_charts) February 6, 2025 For retail consumers, the removal of gas-induced migraines and the simplification of multi-chain transactions could make $XRP a “go-to” thing to use if you want to engage in the broader blockchain ecosystem without all the practical complexities that come with it. When you consider all the user-friendly and efficient possibilities that exist for building on the XRP Ledger, what with its accessible and inexpensive nature, it seems ripe for what could be a big era of adoption and utility. Conclusion There is exciting growth and transformation underway in the ecosystem of $XRP. Institutional players have filed for an ETF; whale accumulation signals strong confidence in the asset; and innovations like Biconomy’s Supertransactions promise to take the user experience to a whole new level. All this makes $XRP and the XRPL, the XRP Ledger, one of the most exciting development spaces in the blockchain world. More and more users, and institutions, want to interact and integrate with the XRPL. And, in this context, the currency $XRP looks ever more promising as a real-world, usable token that will have a serious impact on the cryptocurrency and blockchain 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: pitinan/ 123RF // Image Effects by Colorcinch NewsBTC