A crypto millionaire who has made a fortune trading popular Solana meme coins has bought another one despite the ongoing weakness in the market. According to Lookonchain, the investor made $7.5 million investing in Dogwifhat ( WIF ), the third-biggest Solana ( SOL ) meme coin. The token’s market cap was $58 million, which has grown to $1.5 billion. The millionaire also made $1.2 million by investing in Peanut the Squirrel ( PNUT ) when it had a market cap of $460 million. According to CoinGecko , the token’s market cap peaked at over $2.2 billion. He has now invested in Pippin (PIPPIN), a new Solana meme coin with a market cap of over $262 million. He spent $1.5 million to acquire the token, and according to Nansen, he has an unrealized profit of $600,000. This is a whale that dares to make big bets and profit! Aped into $WIF at a $58M market cap and made $7.5M! Aped into $PNUT at a $460M market cap and made $$1.2M! He spent $1.52M to buy 6.71M $pippins 19 hours ago, with an unrealized profit of $570K. https://t.co/NNN4MlZMBV pic.twitter.com/D8CAOEx7O0 — Lookonchain (@lookonchain) January 11, 2025 Nansen data shows that the top Pippin investors have already made millions. The most profitable investor has made $8.48 million, generating a return on investment of 855%. The other three millionaires have made over $4 million, while three more have generated over $3 million in returns. Pippin token profit leaders | Source: Nansen On-chain data shows that the WIF, PNUT, and PIPPIN millionaire described above has made other highly profitable trades before. He made $1.12 million in Super Trump (TREMP), $176,250 in MINI, and $103 million in CHAOS. His portfolio comprises Tether, APY, Bongo, BIS, and ZOA. Over time, he has had $10 million in realized profits. You might also like: Donald Trump: First Sitting U.S. President to HODL meme coins New Pippin millionaire’s portfolio | Source: Nansen Solana meme coins = billions in market cap Meme coins can indeed mint millionaires , but the process is often fraught with significant risk, and the massive rewards typically favor insiders or traders who time the market perfectly. That’s especially the case with Solana, which remains a top choice for meme coins like Pippin due to its transaction speed, low fees, and developer tools. Its ecosystem, including DeFi and NFTs, supports liquidity and community growth, while scalability and decentralization make it ideal for speculative projects to thrive. According to CoinGecko , Solana meme coins have accumulated over $16.6 billion in market cap, with Bonk, Pudgy Penguins, Dogwifhat, ai16z, and Fartcoin gainiing the most attention as of late. All meme coins are valued at over $108 billion. Pippin’s price jumped by 13% after the Lookonchain report, and was trading at $0.26 — up by over 4,400% from its lowest level this week. Still, the risk is that the token may suffer a major reversal. After all, most other Solana meme coins have done just that once the hype ends. WIF, for example, dropped by 67% from its highest level last year, while the ai16z price has fallen from its highest level this week. These crashes can be explained by the Wyckoff Method , which explains how asset prices rise and fall. It starts with the accumulation phase followed by the markup, which is characterized by higher demand and fear of missing out or FOMO. Smart money investors start to exit during the distribution phase, leading to a slump during the markdown phase. Pippin popularity spikes According to Memecointer.com , Pippin was created by Yohei Nakajima, a venture capitalist whose engagement with artificial intelligence led to the design of the Pippin unicorn logo via the latest large language model benchmarks on ChatGPT 4.0. Nakajima, who is followed by billionaires Jeff Bezos and Marc Andreessen, leads the venture capital firm Untapped Capital with entrepreneur Jessica Erin Jackley. Here is the story behind $pippin – @yoheinakajima , a respected figure in AI and VC space (followed by Bezos and @pmarca ) had fun with AI to create a picture of an Unicorn – He generates a few pictures, and find one that he likes more than the others – He then asks GPT 4 to… pic.twitter.com/NK3eiYRVho — CM (@CryptoManiaques) November 11, 2024 Additionally, Nakajima is the founder of the BABYAGI open-source project, further highlighting his contributions to the AI community. Read more: Crypto investor turns $106k to $8m as Mantra Price Surges
A widely followed crypto strategist believes that a new altcoin that has posted astronomical gains in just a few months looks poised to spark a fresh leg up. The trader pseudonymously known as Bluntz tells his 308,000 followers on the social media platform X that the native token of ai16z ( AI16Z ), the decentralized investment platform powered by artificial intelligence (AI), “looks really good” after a 50% correction that occurred in a three-wave pattern. The analyst follows the Elliott Wave theory, which states that an asset may witness a five-wave rally after completing an ABC retracement. According to Bluntz, AI16Z is gearing up for the last leg of its larger five-wave surge en route to a new all-time high above $3. “Should make one more fresh all-time high…” Source: Bluntz/X AI16Z is trading at $1.66 at time of writing, up by around 16,190% from the November 3rd low of $0.01019. Next up is Bitcoin ( BTC ). According to the analyst, Bitcoin could plunge to an immediate support level and complete its ABC correction before rising to a new all-time high. “Starting to look like the $90,000 sweep is going to happen without a relief bounce in between, the good news is top callers are out in full force again now that we are down near the lows. They were nowhere in sight just [days ago].” Source: Bluntz/X Bitcoin is trading at $94,900 at time of writing. Next up is the AI-powered market intelligence platform aixbt by Virtuals ( AIXBT ). Bluntz says that AIXBT has enjoyed a “monster uptrend from inception” and is primed to rally higher to complete a five-wave pattern on the 12-hour time frame that started in December. Source: Bluntz/X AIXBT is trading at $0.564 at time of writing. 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 Trader Updates Outlook on Altcoin That’s Exploded 16,190% in Under Three Months, Says Bitcoin To Fall Further appeared first on The Daily Hodl .
It’s been a tough week for ether as the second-largest crypto asset by market cap is down 8.7% against the greenback. Today, priced at $3,273 per ETH with a market capitalization of $394 billion and a 24-hour trading volume of $22.90 billion, ethereum oscillated within an intraday range of $3,192 to $3,322 on Jan. 11,
In a surprising endorsement, Cardano founder Charles Hoskinson has recognized the strength and leadership of the XRP community. In an X post, Hoskinson praised XRP’s active user base, credible team, and clear purpose, which he attributed to its long-term potential for success. XRP Community: A Model of Leadership Hoskinson’s remarks underscore XRP’s role in cross-border … Continue reading "Charles Hoskinson Praises XRP Community for Leadership and Purpose" The post Charles Hoskinson Praises XRP Community for Leadership and Purpose appeared first on Cryptoknowmics-Crypto News and Media Platform .
The enthusiasm of whales is becoming increasingly evident in the days leading up to Trump’s inauguration. Dogecoin whales have reportedly accumulated nearly one billion coins, while Ripple whales acquired one billion XRP coins in the last two days. DOGE whales appear to be influenced by Elon Musk’s latest cautionary remarks about crypto price fluctuations. If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal. What matters is the ratio of dollars to crypto. — Elon Musk (@elonmusk) January 7, 2025 Now, data shows that nearly 690 million DOGE tokens were purchased and sold within the two days that followed. On the other hand, Ripple’s whales have been increasing lately, particularly in South Korea. Since Gary Gensler , the coin’s adversary, is resigning and a new government takes office, the “XRP army” has been extremely upbeat about the cryptocurrency. DOGE whales influenced by Musk’s comments One crypto analyst emphasizes the recent trading frenzy surrounding Dogecoin, which has gained significant attention leading to whales amassing approximately 470 million DOGE in just 48 hours. The main driver appears to be Elon Musk’s comments on crypto pricing, which have elicited diverse interpretations from the financial community. Musk stated that a large drop in Bitcoin and Dogecoin values could occur within the next two years, depending on the resolution of dollar inflation. His assertion suggested that improved financial conditions, notably dollar inflation, might reduce the dollar-to-crypto price ratio. Still, Musk’s statements are significant because they reflect the larger economic consequences that may affect crypto values. Meanwhile, investors’ quick reaction to the substantial 20% decline in Dogecoin’s price cannot be overlooked. The price plummeted from $0.39620 to $0.31648. Dogecoin is back to trading at $0.33189, representing a minor recovery of 4.66% from earlier in the week, as the general market has experienced a slight rebound. For now, the volatility is in line with the typical patterns observed in the crypto market. Notably, whale transactions have occurred as substantial sell-offs in conjunction with the accumulation. Whale Alert recently noted two substantial transfers to Coinbase, which collectively amounted to more than 219 million DOGE and were estimated to be worth $73 million. These transactions may suggest that large holders are preparing for anticipated future price movements. XRP whales confidence is high XRP’s recent price performance could be a reaction to the recent accumulation noticed among large-scale XRP investors. Ripple billionaires have acquired 1 billion XRP coins in approximately 48 hours. The substantial accumulation trend may have been triggered by Ripple Labs’ recent transfer of 300 million XRP, worth approximately $682 million, to an unidentified wallet. Meanwhile, the price of XRP was approximately 1.2% higher at $2.35, and its trading volume decreased by 9% to $4.9 billion. The price of the crypto has fluctuated between $2.36 and $2.26 in the past 24 hours. CoinGlass data indicates that the asset’s Futures Open Interest increased by 3% to $4.37 billion. Also, analysts expect the crypto to rally in the coming days. In the case of a potential move south, the support levels for the crypto are at $2.23 and $2.13. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Binance Coin And Sui 24-Hour Trading Volume Drops Whilst Remittix Sees Record Number Of Buyers While Remittix (RTX) is breaking records with a massive flood of buyers, Binance Coin (BNB) and Sui (SUI) are causing waves with dramatic price swings. While Binance Coin (BNB) and Sui (SUI) experience a decline in 24-hour trading volumes, investors are paying close attention to the ongoing Remittix (RTX) presale. Meanwhile, why is Remittix quickly taking the front stage as the best crypto investment choice available this year? Read on to find out why the RTX tokens are fast selling out amid fast-rising investor demand. Binance Coin (BNB) Shows Resilience Amid Short-Term Declines Originally rising to the $740 resistance level, the BNB price just experienced a decline of nearly 2% last week. Showing its unpredictability, bearish momentum drove the BNB coin back to the $680 support zone. Notwithstanding this little setback, the BNB price chart shows a rather positive trend over the previous month as the altcoin has gained over 1% overall. Binance Coin (BNB) is among the top altcoins that show promise in the present market cycle since a positive sentiment still surrounds it. Technical signs such as the MACD and Moving Averages are flashing buy signals on the BNB price chart, thereby supporting the possibility of an upward near-term movement. Although the BNB coin is still 12% below its all-time high (ATH) of $793 attained last month, its solid technical structure and positive market sentiment suggest the likelihood of more rallies. Forecasting trading between $690 and $1,100, a 2025 BNB price prediction shows a strong potential for notable rallies this year. Sui (SUI) Gains Momentum Amid Bullish Rally After rising to the $5.30 resistance , the SUI price has had a dynamic week and dropped to the $4.50 support level under more negative pressure. Still, a robust comeback ensued, putting the SUI coin back above the $5 barrier and producing a weekly gain of more than 3%. With the altcoin rising by over 28%, therefore securing its place among the promising altcoins to watch, the SUI price chart also shows an excellent performance over the previous month. Strong buy prospects shown by technical indicators including the Momentum Oscillator and Moving Averages imply that the bullish momentum is far from done. Positive sentiment and a strong technical framework suggest that the SUI coin could be able to sustain more near-term rallies. Investors remain hopeful about the SUI’s growth potential as its price gets rejected at important support levels. A 2025 SUI price prediction indicates that the altcoin is projected to trade inside a channel between $5 and $24 this year. Remittix (RTX): The Best Crypto Investment of the Year Remittix , positioned as one of the best crypto investment prospects available right now, is transforming global payment methods for both companies and individuals. Its creative Remittix Pay API and Remittix checkout solutions let businesses easily include cryptocurrency into their payment system. This relieves direct wallet transaction fees and lets quick, safe, and reasonably priced transactions take place. Moreover, Remittix offers the perfect platform for simplifying payment procedures and releasing the full value of digital currencies as companies welcome digital transformation more and more. The RTX coin, a deflationary asset now on offer during presale for just $0.0193, is the core of this ecosystem and presents a golden prospect for investors looking for significant returns. Meanwhile, Remittix distinguishes itself for its versatility and user oriented design with compatibility for over 50 crypto pairs and more than 30 fiat currencies for flawless cash-out. Businesses and individuals searching for dependable cross-border payment options are starting to find favour in its safe and open platform. As the influx to the Remittix platform soars, analysts foresee a massive increase for the RTX token this year. Remittix (RTX) Set To Surpass Binance Coin (BNB) and Sui (SUI) Remittix (RTX) stands out as one of the best cryptos to invest in as BNB and SUI negotiate volatile price swings and temporary bearish momentum. Although BNB and SUI offer promise for the next rallies, Remittix is already transforming world payments with unparalleled innovation and adaptability. Moreover, Remittix offers an unmatched chance for investors looking for exponential returns with its innovative technology, increasing acceptance, and deflationary RTX token priced at just $0.0199 during the presale. Meanwhile, the limited token supply is fast selling out as investors accumulate RTX in anticipation of a massive surge this year. Join the Remittix (RTX) presale and community: Join Remittix (RTX) Presale Join the Remittix (RTX) Community Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
The post This Year’s Biggest Star Will Not Be XRP: Says 22 YO Memecoin Millionaire as He Bets On Viral Altcoin appeared first on Coinpedia Fintech News The exciting world of crypto is witnessing investors doing all they can to search the horizon for the next big haul that 2025 could bring. Ripple (XRP) continues to be the market talk as a great choice among institutional and retail investors alike, owing much to its proven past and recent legal success. But a surprising angle from the 22-year-old memecoin millionaire is setting another tune. People like that, who made fortunes by identifying high-potential tokens early, are actually shifting their focus away from XRP. Instead, the bets seem to be on a viral altcoin that is capturing attention for its groundbreaking features and the potential to deliver exponential returns. This bold endorsement is sparking curiosity and debate across the crypto community. That is why we will look into the unique properties and potential of this new viral altcoin project, DTX Exchange. Ripple (XRP) Becoming an Institutional Heavyweight This Year Ripple has focused on quick transaction speeds and adoption by institutions for a very long time. And XRP has consistently competed with the best coins in the space, holding a market cap of more than $130 billion. Recent developments, including legal victory against the SEC and the anticipation of XRP ETFs, have further solidified its position, in addition to its existing utility features such as RippleNet. A major financial player in WisdomTree recently began introducing XRP exchange-traded products (ETPs) in European markets and many are expecting similar developments in the United States. This institutional adoption is driving belief that XRP price will shoot upward this year. It is currently trading at $2.32—a 5% increase from last month. These developments make XRP a good-looking asset for investors looking for stability and growth. Source: CoinMarketCap However, not everyone is convinced that XRP will dominate this year. And some big individual players are keeping their eye on a viral presale altcoin as the biggest standout project for this year. DTX Exchange: The New Viral Altcoin Attraction the Biggest Personalities Millionaires in crypto are known for identifying profitable altcoins early and are now highlighting this new contender: DTX Exchange. This platform is turning heads through its very unique multifaceted approach to trading, bringing stocks, cryptos, and forex altogether on a single interface. More than 120,000 trading instruments and its upcoming real world asset tokenization project set the new standard for market accessibility. At the heart of DTX Exchange is the Vulcan X blockchain, a technology that ensures fast, secure, and scalable transactions. Its Phoenix Wallet allows users to manage various assets seamlessly, making it a favorite among both retail and institutional investors. These features have led to an eye-catching presale performance. DTX is currently priced at $0.14 in its seventh presale stage. As the price began from $0.02, early investors have already seen returns of 600%, and more is likely as the token is expected to list at $0.20. DTX has also established itself as a credible and secure project and earned community trust with a SolidProof audit and a presence on CoinMarketCap. Having more than 200,000 investors and making $11.5 million during presale events, DTX is now a reputable contender in the crypto ecosystem. Conclusion XRP, with its institutional pedigree and adoption, is strong competition yet probably not the biggest star of the year. For investors looking to diversify, DTX offers a compelling case. Its exceptional innovation makes it a standout choice among altcoins. Whether you are a seasoned investor or new to the crypto world, exploring opportunities like DTX Exchange could be the key to staying ahead in 2025. To discover more about DTX Exchange and explore its features: Visit Website Buy Presale Join Community
Bitcoin slipped below the $95,000 mark on Thursday, marking a 10% fall in the last three days from the highs of $102,760. The coin has seemed to form a base at around the $91,150 mark – Bitcoin has not closed below this mark since 15th November. This begs the question whether it’s a golden time to accumulate Bitcoin , especially for investors looking for a fresh entry? Besides favorable price action setup (such as the Golden Cross ), the SOPR (Spent Output Profit Ratio) has also slipped below 1 and now stands at 0.987. This indicates that short-term investors have been selling Bitcoin at a loss. Simply put, this means that Bitcoin is now available at a discount. Historically too, whenever the SOPR falls below 1, it’s succeeded by an increase in price. Note : SOPR measures the ratio between the value of Bitcoin when they were sold and the value when they were bought. A selling price lower than the buying price yields a value less than 1. Often, as short term investors experience pain, it leads to better accumulation opportunities, which is exactly the case with Bitcoin right now. If the prices slip further down, smart investors will look to benefit from lower buying prices. So, if you’re looking to buy Bitcoin, the might just be the right time. However, if you want to play it safe and not put all your eggs in one basket, we’ve got something interesting for you – Meme Index ($MEMEX) . Why Choose $MEMEX? Meme Index is one of the best meme coins on the market right now, bringing the benefits of diversification to the table. Instead of investing your money in a single asset like Bitcoin, you can buy $MEMEX to invest it in a basket of coins (indexes). Yep, you wouldn’t be wrong if you considered it a mutual fund-like scheme for cryptocurrency. Meme Index offers four indexes depending on the level of risk you’re willing to take: Meme Titan : This basket includes well-established meme coins, most of which have a market cap of more than $1B, such as $PEPE, $DOGE, and $SHIB. This index is ideal for investors who want to play it safe. Moonshot : This includes meme coins that have the potential of breaking into the top 10. Many of them have already been listed on tier 1 exchanges or are in the process of being listed soon. Midcap : This basket includes meme coins with a market cap between $50-250M. Buy this index if you’re willing to take a bit of risk as the coins are volatile. Meme Frenzy : This index is built for risk lovers with potential multibagger meme coins with high risk levels. The project has a lot of potential. Available at a price of just $0.0151032 per token, you can benefit from early entry thanks to the $MEMEX presale , which is currently live. However, note that the prices will increase in the next 21 hours and then at every following stage of the presale. $MEMEX has already raised $2.2 M and has a strong community following with 19K followers on X . Active community members can vote on crucial topics and proposals and maneuver the direction of the project. This community-driven approach ensures that it’s the investors who ultimately decide the future of the project. Overall, $MEMEX is one-of-a-kind basket-based investing that lowers your overall portfolio risk through diversification. It’s, therefore, also ideal for new investors who often find it difficult to spot fantastic meme coins to invest in. With $MEMEX , they can simply invest in a basket of meme coins as per their risk appetite. However, please keep in mind that this isn’t investment advice. As always, we highly recommend you do your own research and consult a financial advisor if needed before making any investment decisions.
POPCAT Sees Sharp Decline as Investors Rush Towards PEPETO As the crypto market continues to evolve, certain tokens stand out either for their robust performance or notable declines. Recently, POPCAT has experienced a significant downturn, while PEPETO emerges as a strong contender in the presale arena. Token Overview PEPETO: PEPETO is currently in an exciting presale phase priced at $0.000000103 per token, having raised over $3.4 million. This new entrant in the crypto space is gaining traction for its promise of a zero-fee exchange and innovative features aimed at enhancing liquidity and user engagement across the crypto ecosystem. A New Year’s Message from the God of Frogs As the New Year begins, the God of Frogs, Pepeto Himself, shares a message of triumph and faith for the loyal Pepeto Army: The Plan Unfolds: The roadmap progresses flawlessly, as foretold. Every milestone has been achieved, and the… pic.twitter.com/zCmy1bTRQY — Pepeto (@Pepetocoin) January 1, 2025 POPCAT: Once celebrated as a top meme coin, POPCAT has recently seen a sharp decline. Named after a cat called Oatmeal, POPCAT hit its peak at $2.08 in November 2024 but has since plummeted, reflecting the volatile nature of meme coins. As of January 2025, POPCAT is trading around $0.55, showing a rapid decrease in value and investor interest. The Decline of POPCAT POPCAT’s sharp price decline has been part of a broader trend, exacerbated by increased selling pressure and a bearish outlook in the meme coin sector. Investors are becoming increasingly wary of tokens with little to no real-world utility, especially as regulatory and market dynamics evolve. This downturn is evident in POPCAT’s recent market performance, with its price action reflecting a significant loss of confidence among investors. PEPETO’s Rising Appeal Amid the shifts in the crypto landscape, PEPETO is carving out a niche with its unique value proposition. Unlike typical meme coins, PEPETO offers tangible utility with its zero-fee exchange and cross-chain bridge features, which are designed to facilitate seamless token swaps and enhance user experience. This has not only attracted a diverse investor base but has also set the stage for potential exponential growth reminiscent of early crypto successes. PEPETO’s presale success is a testament to the evolving investor preference for tokens that offer both fun and functionality. The project’s robust technological foundation and strategic market positioning have made it a standout in the crowded crypto space, promising a new era of memecoin potential backed by real utility. Why Investors Are Choosing PEPETO Over POPCAT The shift from POPCAT to PEPETO among crypto investors underscores a larger trend towards sustainability and utility in blockchain investments. While meme coins like POPCAT can offer quick gains, their long-term viability is often questionable without underlying functional benefits. PEPETO addresses this gap by merging the playful appeal of meme tokens with serious technological advancements, positioning it as a more sustainable investment. To participate in the ongoing presale or to start staking PEPETO, visit PEPETO’s official website. ABOUT PEPETO Pepeto is a cutting-edge cryptocurrency project blending the playful spirit of memecoins with a powerful utility-driven ecosystem. It features a zero-fee exchange, a cross-chain bridge for seamless swaps, and staking rewards designed to support the next generation of tokens. Media Links: Website: https://pepeto.io/ X: https://x.com/Pepetocoin TG: https://t.me/pepeto_channel IG: https://www.instagram.com/pepetocoin/ YouTube: https://www.youtube.com/@Pepetocoin/ Contact Information: Contact: TokenWire Team Email: contact@tokenwire.io Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
The Bitcoin price has been somewhat quiet since hitting its all-time high of $108,135, struggling to hold a six-figure valuation for long. Case in point — the premier cryptocurrency barely lasted a day above $100,000 before crashing to under $92,000 in the past week. This sluggish price action has triggered discussions about the likelihood of a top being in and the Bitcoin bull market being over. However, the latest on-chain observation suggests that the flagship cryptocurrency might still have room for further upward price movement. What’s The Current Bitcoin Short-Term Holders Cost Basis? In its latest post on the X platform, blockchain analytics firm Glassnode revealed that the Bitcoin bull market might not be over just yet. This on-chain observation is based on the movement of the BTC price in relation to the short-term holders (STH) cost basis. Related Reading: Is Dogecoin’s 30% Decline A Chance To Buy On Discount? Here Is the Pertinent Level To Watch The STH cost-basis metric tracks the average price at which short-term holders (investors who have held Bitcoin for less than 155 days) purchased their coins. It represents a psychological level for BTC investors and could serve as a technical point for analyzing prices, especially during bull cycles. Typically, the price of Bitcoin floats above the STH cost basis during bull markets, indicating significant buying interest and positive sentiment from short-term traders. Conversely, when the BTC price falls beneath this level — as often seen in bear markets, this means that newer investors are in the red, leading to substantial selling pressure. According to data from Glassnode, Bitcoin’s price is roughly 7% above the STH cost basis, which currently stands at around $88,135. While the premier cryptocurrency is a little closer to the cost basis, the inkling is still that short-term holders are less likely to offload their assets. If the price of Bitcoin manages to sustain above the STH cost basis, it means the potential continuation of the current bull market. On the flip side, a move beneath $88,000 could set the stage for a trend reversal, with the market shifting from a bull to a bear phase. As of this writing, the price of BTC sits just above $94,000, reflecting barely a 1% increase in the past 24 hours. According to data from CoinGecko, the flagship cryptocurrency is down by more than 3% in the last seven days. Is A Market Rebound Imminent? The crypto market has been in terrible form over the past week, with several large-cap assets dipping by double digits. Unsurprisingly, many crypto traders have indicated interest in offloading their assets on various social media platforms. Related Reading: SUI Defies Odds With A Sharp Rebound Above $4.9: New Highs Loom? However, this shift in investor sentiment increases the odds of a market recovery, as prices tend to move in the crowd’s opposite direction. On-chain intelligence firm Santiment noted in a post on X that this was the case in the rally witnessed in 2024 Q4, as higher prices followed increased bearish mentions. Featured image from iStock, chart from TradingView