Cryptocurrency analysis platform Alphractal made important observations about the “altcoin season” that investors have been eagerly awaiting in its latest market assessment. According to the company’s data, market dynamics currently still point to the “Bitcoin season.” The Altcoin Seasonality Index, used by Alphractal, has revealed that only a few altcoins have outperformed Bitcoin based on performance over the past 60 days. These exceptional altcoins are usually new entrants to the market. In contrast, altcoins that have been around for a long time continue to perform poorly. The Bitcoin vs. Altcoin Position Index, included in the platform’s analysis, provides a visualization of the dominant forces in the market. According to the company’s statement, orange zones indicate that Bitcoin is dominant, blue zones indicate that altcoins are gaining strength, and signal-free zones indicate that it may be the best strategy to stay away from both sides. Chart showing the altcoin seasonal index shared by Alphractal. Related News: Analysts Assess the Effect of Softening US Inflation Data on the Likelihood of a Fed Rate Cut and Bitcoin! Here Are the Details According to the current picture, the market is clearly in a Bitcoin season, as Alphractal puts it. However, it is stated that an official altcoin season may begin in the coming days as the signals disappear or turn in favor of the altcoin. The company notes that historically, altcoins have generally outperformed Bitcoin during periods when it has been in a short-term decline or trending sideways. *This is not investment advice. Continue Reading: Analytics Firm Says “Altcoin Season Is Coming” and Adds: “However, There Is Still…”
Bitcoin's price exceeded $97,000, driven by several economic factors. The stock market is on the rise, reducing recession fears after positive labor data. Continue Reading: Bitcoin Skyrockets Beyond $97,000 Mark! The post Bitcoin Skyrockets Beyond $97,000 Mark! appeared first on COINTURK NEWS .
The world of cryptocurrency is constantly evolving, and keeping a pulse on key market indicators is essential for understanding potential future movements. A significant development recently highlighted by Glassnode data on X has caught the attention of analysts and investors alike: Bitcoin (BTC) short-term holders who have been holding their coins for more than one month are now, on average, back in profit. This might sound like a technical detail, but it carries substantial weight for assessing potential selling pressure and the overall crypto market trend . Let’s dive into what this means and why it’s considered a potentially positive signal for the Bitcoin price . Who Are Bitcoin Short-Term Holders and Why Do They Matter? In the fascinating world of on-chain analysis, Bitcoin holders are often categorized based on how long they’ve held their coins. The two primary groups are: Long-Term Holders (LTHs): These are addresses that have held Bitcoin for 155 days or longer. They are typically considered seasoned investors with a lower time preference, less likely to sell based on short-term price volatility. Short-Term Holders (STHs): These are addresses that have held Bitcoin for less than 155 days. This group is generally more reactive to price changes, often buying during rallies and selling during dips or sideways action. Their behavior can significantly influence short-to-medium term price movements. Glassnode’s analysis specifically focuses on STHs with positions older than one month. This subset is particularly interesting because they’ve held through recent price action beyond the initial purchase FOMO (Fear Of Missing Out) or FUD (Fear, Uncertainty, Doubt) that might affect holders of just a few days or weeks. Their cost basis (the average price at which they acquired their Bitcoin) is a crucial metric. Why is their profit status important? When STHs are holding Bitcoin at a loss (their cost basis is higher than the current market price), they represent potential overhead supply. As the price rises, these holders might be incentivized to sell simply to break even or minimize losses, creating selling pressure on the market. Understanding the Glassnode Data: The Cost Basis Ribbon Glassnode data is renowned for providing deep insights into the Bitcoin network by analyzing on-chain activity. The ‘Cost Basis Ribbon’ is one of their powerful visualization tools. It displays the aggregated cost basis for different cohorts of holders, including STHs and LTHs. The recent observation is that the cost basis for STHs older than one month has moved below the current Bitcoin price . This crossing signifies that, on average, this group of Bitcoin short-term holders is now holding their coins at a profit. Think of it like this: If the average price this group paid for their BTC was $60,000, and the current price is $68,000, they are collectively sitting on unrealized gains. This fundamental shift in their position from being ‘underwater’ to ‘in the green’ is the core of the positive signal. The Significance: Reduced Selling Pressure and Market Implications The primary implication of Bitcoin short-term holders being back in profit is a potential reduction in one significant source of selling pressure. When STHs are profitable, the urgent need to sell simply to recover their initial investment diminishes. Instead of being forced sellers into rallies, they have more flexibility. They might choose to hold for further gains, or they might take profits gradually. While some profit-taking is always expected, the critical point is that the structural pressure from a large group needing to ‘get back to even’ is largely removed for this specific cohort. This shift can contribute to a more favorable environment for the Bitcoin price . With less overhead supply from this group, upward price movements might face less immediate resistance. This doesn’t guarantee a price surge, but it removes a significant hurdle. How Does This Impact the Overall Crypto Market Trend? The behavior of Bitcoin short-term holders is often seen as a barometer for market sentiment and the health of the recent uptrend. When STHs are accumulating and successfully holding into profit, it suggests a positive feedback loop where new demand is absorbing supply effectively. Historically, periods where the average STH cost basis is below the spot price have coincided with bullish phases or preceded further price appreciation. It indicates that the recent buyers are, on average, finding themselves on the right side of the market, which can encourage continued participation. This development, derived from granular Glassnode data , can be interpreted as a positive signal for the broader crypto market trend , as Bitcoin often leads the way for altcoins. Benefits and Challenges of This Development Let’s look at the potential upsides and things to be mindful of: Potential Benefits: Reduced Overhead Supply: The most direct benefit is the decrease in automatic selling pressure from a large group of recent buyers. Improved Market Sentiment: STHs being profitable can boost confidence among newer market participants. Potential for Price Momentum: With less structural resistance, the Bitcoin price has more room to potentially move upwards if demand persists. Validation of Recent Price Action: It suggests that the recent price levels are being successfully defended and are becoming a new support zone for this cohort. Potential Challenges and Considerations: Profit-Taking Still Possible: While the *need* to sell is reduced, STHs might still choose to take profits, especially if the price sees a significant spike. Not All STHs Are Equal: This is an *average*. Some individual STHs might still be at a loss depending on their exact entry point. Macro Factors: Broader economic conditions, interest rates, and global events can still impact the crypto market trend regardless of on-chain metrics. Whale Activity: Large holders (whales) can still exert significant influence on selling pressure independent of average STH behavior. This is One Metric: While valuable, this Glassnode data point should be considered alongside other on-chain indicators, technical analysis, and fundamental factors. Actionable Insights for Investors So, what should you take away from this analysis of Bitcoin short-term holders? 1. Acknowledge the Positive Signal: The reduction in structural selling pressure from this group is fundamentally bullish for the Bitcoin price outlook in the short-to-medium term. 2. Monitor STH Behavior: Keep an eye on Glassnode data or similar on-chain analytics platforms. Are these profitable STHs starting to spend their coins heavily? Increased STH spending could indicate profit-taking and renewed selling pressure. 3. Look at Long-Term Holders: What are LTHs doing? Are they accumulating or distributing? LTH behavior often provides clues about conviction in the longer-term crypto market trend . 4. Consider the Broader Context: Don’t make investment decisions based on this single data point. Evaluate macro indicators, regulatory news, and overall market sentiment. 5. Risk Management: Even with positive on-chain signals, the crypto market remains volatile. Ensure your portfolio aligns with your risk tolerance. Conclusion: A Favorable Wind, Not a Guaranteed Gale The fact that Bitcoin short-term holders (specifically those holding for over a month) are now, on average, back in profit is a significant and positive development according to Glassnode data . It materially reduces the structural selling pressure that might otherwise cap upside moves in the Bitcoin price . This shift in the on-chain landscape provides a more favorable environment for a continued positive crypto market trend . However, it’s crucial to remember that this is just one piece of the puzzle. Investors should continue to monitor other indicators and remain aware of potential headwinds. While the path forward is never certain, the current positioning of this key group of Bitcoin short-term holders offers a compelling reason for optimism regarding the potential for reduced resistance and continued upward momentum. To learn more about the latest Bitcoin and crypto market trend analysis, explore our articles on key developments shaping Bitcoin price action and selling pressure.
The U.S. could reduce its current 145% tariff rate on China “within a few weeks,” White House Council of Economic Advisers Chair Stephen Miran said in an interview. Speaking to Bloomberg TV on Friday, Miran said that while he is not directly involved in negotiations, he believes President Donald Trump is committed to reaching a deal and has a strong track record in doing so. Miran referred to the 2019 “phase one” deal as evidence of the president’s ability to strike agreements despite widespread skepticism. “The president has been very clear that he thinks that there will be a deal with China,” Miran said. “And I think the president is right.” While he declined to speculate on specific figures or a potential call between the Washington and Beijing, Miran suggested that a deescalation in tariff rates is in the interest of both economies and could happen soon. “I would be surprised if tariff rates are where they are now… within a few weeks from now,” he said. Broader context and implications China’s Ministry of Commerce issued a statement earlier in the day saying it was still evaluating the trade environment. Miran emphasized that ongoing dialogue, even without formal announcements, was a positive development. After all, “talking is better than not talking,” he noted. Asked whether the U.S. might revisit purchase agreements like the one reached with China in 2020, Miran said each trading partner presents unique dynamics but that such mechanisms “should definitely be on the table.” He also acknowledged European efforts to increase purchases of U.S. goods as a potential step toward balancing trade relations, though again, he did not commit to any specific outcomes. Despite his limited role in direct negotiations, Miran repeatedly pointed to the president’s ability to create deals “nobody expects.” While specific details remain uncertain, the comments from Trump’s top economic advisor is lifting crypto and equity markets higher. Notably, Bitcoin ( BTC ) is holding the $97,000 level and seems poised to retest the $100,000 mark in the near-term after panick selling in early April sent the coin to around $75,000. Read more: U.S. vs China: How Bitcoin factors into the trade wars
Despite circulating rumors that Ripple proposed a staggering $20 billion offer for Circle, no concrete evidence supports this claim, and the company has yet to confirm it publicly. Circle’s IPO
TL;DR Industry participants reminded that May has been a historically strong month for Ethereum, with some expecting a significant surge if key resistance levels are breached. ETH outflows from exchanges have increased in the last seven days, suggesting investors are moving to self-custody – often seen as a bullish sign due to reduced selling pressure. Where Next for ETH? The second-largest cryptocurrency in terms of market cap experienced a substantial pump on a 14-day scale, rising by 16% and currently trading at over $1,800. Despite the resurgence, its overall performance in the last several months remains unsatisfactory. The popular X user Carl Moon revealed to his 1.5 million followers on X that Ethereum (ETH) has been falling for five months in a row . In February, for instance, the price collapsed by nearly 32%. Carl Moon, however, pointed out that May has historically been one of the most positive periods for the asset. ETH has posted losses in only three out of ten Mays throughout its history . The ongoing month has also delivered the highest average gains over the years – around 27.31%. X user SHERIFF shared a similar thesis. They outlined that ETH bled out in seven out of the last eight months. The negative performance was also combined with low sentiment and “dead” volatility. On the other hand, these are the times when “the next big move brews,” the analyst claimed. For his part, Merlijn The Trader made an interesting comparison between Bitcoin’s performance in 2020-2021 and Ethereum’s recent structure. He predicted a potential price explosion if “history is on our side,” adding that he’s “loading ETH.” In 2020, Bitcoin consolidated at $8K… Most ignored it. Then it hit $64K. Today, Ethereum is showing the exact same structure. Accumulation. Compression. Explosion loading. I’m loading $ETH . History is on our side. pic.twitter.com/0PEtoWGNze — Merlijn The Trader (@MerlijnTrader) May 1, 2025 CRYPTOWZRD chipped in, too, projecting a potential short-term scenario. The analyst set $2,120 as the next key resistance target, envisioning “a quick move” toward $2,800 if the asset breaks through. Abandoning Exchanges One factor that supports the optimistic predictions outlined above is ETH’s exchange netflow . Outflows have dominated over inflows in the past week, signaling that investors have shifted from centralized platforms toward self-custody methods. This development is generally bullish for the price since it reduces the immediate selling pressure. ETH Exchange Netflow, Source: CryptoQuant The post Ethereum (ETH) Set to Rally in May? Top Price Predictions Revealed appeared first on CryptoPotato .
Ark Invest, the investment management firm led by Cathie Wood, has acquired 210,714 shares of Robinhood (HOOD) for nearly $10 million. This purchase follows Robinhood’s impressive earnings report for the first quarter 2025, which exceeded expectations. Ark Invest Report Shows Impressive Q1 Earnings Robinhood’s Q1 report showed a significant increase in user activity and revenue. Total revenue was almost $1 billion, making it one of the platform’s best reports. The company’s better-than-expected earnings show it is becoming more popular as the economy stabilizes and more individual investors get involved. Furthermore, the ARKK fund bought 186,812 shares of Guardant Health for $9.1 million. Similarly, the fund purchased shares in Advanced Micro Devices and 10X Genomics over the last day. Notably, Ark’s purchase indicates its belief that Robinhood will be valuable in the long run. This belief is significant as Robinhood works to expand its ways of making money beyond trading fees. Meanwhile, Ark Invest has increased its target for Bitcoin (BTC) to a staggering $ 2.4 million by 2030. The firm attributed the upgrade to a rising institutional demand confluence and BTC’s evolving role as “digital gold.” Ark Invest Poised for Crypto and Fintech Growth Cathie Wood, Ark Invest’s CEO, is known for her forward-thinking investment strategies, especially in disruptive technologies like digital assets and fintech. ARK’s recent moves highlight the firm’s adaptability in these fast-evolving sectors. The firm is strategically shifting its portfolio to capitalize on future gains as cryptocurrency price trends continue to shape the market. In April 2024, the firm added OpenAI shares to its venture fund , which was revealed to maintain diversification within its Exchange-Traded Funds (ETFs). The Ark Rebalancing Strategy In another significant move, ARK sold 13,780 Coinbase shares worth about $3.9 million from its Fintech Innovation ETF (ARKF) last year. This decision comes after a 10% drop in Coinbase’s stock following hawkish remarks from the Federal Reserve. Before this, the firm offloaded $2.8 million of its spot Bitcoin ETF ARKB , marking one of the most significant sales. Ark’s strategy focuses on investing in innovative companies while spreading risk across different assets. Despite reducing its Coinbase stake, Ark still holds over $110 million shares. This shows its ongoing confidence in the company while maintaining a balanced portfolio. The post Cathie Wood’s Ark Invest Buys $10M Worth of Robinhood Shares appeared first on TheCoinrise.com .
Digital assets edged higher Friday in step with U.S. equities, buoyed by hints that Washington and Beijing are dialing back their trade spat. The sector’s total capitalization has touched $3.03 trillion, and bitcoin is fetching $97,938 per coin. Fed in Trump’s Crosshairs Again—Markets Surge on Job Data and Trade Hopes Wall Street is on a
The cryptocurrency world is buzzing with optimism, especially after Bitcoin’s recent impressive run. Many traders are eyeing ambitious targets, including the much-anticipated $100,000 mark. However, as the calendar pages turn towards May, a familiar adage from traditional finance echoes through the markets: “Sell in May and go away.” This historical pattern suggests that the period from May to October can often see weaker market performance. For anyone involved in the crypto market , understanding this potential seasonal shift and its relevance to Bitcoin price action is crucial. Understanding the ‘Sell in May’ Phenomenon for Bitcoin The “Sell in May and go away” saying originates from stock market history, noting that returns during the May-October period have historically been weaker compared to the November-April period. While the crypto market is a different beast – operating 24/7 and driven by unique factors – market psychology and global trends can still influence sentiment and trading patterns. The question is: does this old-world adage hold any weight when analyzing Bitcoin historical data ? Looking back at Bitcoin’s performance in May reveals a mixed, and at times, cautionary picture: May 2021: Bitcoin experienced a significant price crash, losing a substantial portion of its value after reaching near all-time highs in April. May 2022: Another challenging month, marked by continued downward pressure as the broader crypto market entered a bear phase. Other Years: May has not always been negative. Some years have seen positive gains, while others have been relatively flat. This highlights that while a pattern *can* exist, it’s far from a guaranteed outcome. This volatility in past May performance means that while the adage serves as a warning, it’s not a strict rule for Bitcoin price movements. It’s a factor to consider within a broader analysis, not the sole basis for a trading decision. Why Caution is Rising in the Crypto Market Beyond just historical seasonality, several current factors are contributing to increased caution among investors and analysts regarding the near-term outlook for Bitcoin and the wider crypto market . Experts suggest that despite a strong start to the year (Q1), challenges may emerge, particularly heading into Q3. Key concerns include: Weak U.S. GDP Numbers: Recent economic data showing slower-than-expected growth can signal potential economic headwinds. In uncertain economic times, investors often become more risk-averse, potentially pulling back from volatile assets like cryptocurrencies. Fading Momentum: After a significant price surge, it’s natural for market momentum to slow down. This can lead to consolidation, or even pullbacks, as early buyers take profits and new buyers wait for clearer signals. Macroeconomic Uncertainty: Ongoing concerns about inflation, interest rates, and geopolitical events continue to weigh on global markets, and crypto is not immune to these broader forces. These factors, combined with the historical tendency for weaker performance in the May-October period, create a complex environment where optimism about reaching targets like $100,000 is tempered by the potential for increased volatility or downward pressure. Navigating Potential Weakness: Strategies for Crypto Investing If historical trends and current market signals suggest potential headwinds, how should those engaged in crypto investing approach the coming months? Rather than panicking or blindly selling, a strategic approach based on information and risk management is advisable. Here are some actionable insights: Don’t Solely Rely on the Adage: “Sell in May” is a historical observation, not a prophecy. Fundamental analysis, technical indicators, and current market news should form the basis of your decisions. Review Your Portfolio: Use this period of potential caution to assess your risk tolerance and portfolio allocation. Is your exposure appropriate given the potential for volatility? Consider Risk Management: Implement strategies like setting stop-loss orders to limit potential downside if the market moves against you. Avoid over-leveraging. Dollar-Cost Averaging (DCA): Instead of trying to time the market perfectly, consider using DCA. Investing a fixed amount at regular intervals can help average out your purchase price and reduce the risk of buying at a market top. Focus on Long-Term Conviction: If you believe in the long-term potential of Bitcoin and other cryptocurrencies, short-term price fluctuations, even significant ones, may present buying opportunities rather than reasons to exit entirely. Stay Informed: Keep track of macroeconomic news, regulatory developments, and specific news related to the assets you hold. Informed decisions are the best defense against market uncertainty. Understanding Bitcoin historical data provides context, but the future is shaped by a multitude of factors. A cautious yet prepared approach to crypto investing is key. Conclusion: Balancing Optimism with Prudence in the Crypto Market The journey towards price targets like $100,000 for Bitcoin is filled with potential catalysts and exciting developments. However, the path is rarely a straight line up. The historical ‘Sell in May’ pattern, combined with current macroeconomic uncertainties and signs of fading momentum, serves as a timely reminder for caution in the crypto market . While the adage itself isn’t a guaranteed predictor for Bitcoin price , the reasons behind potential seasonal weakness and the current economic landscape warrant attention. Investors should balance their optimism with prudence, employing sound risk management and sticking to a well-thought-out investment strategy. Staying informed about Bitcoin historical data and current market conditions is essential for navigating the potential volatility that the coming months might bring. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP shows steady gains, but SUI and Remittix may outpace it with scalability and remittance tech driving strong momentum. Table of Contents XRP’s heating up and May could be big SUI’s speed is winning people over Remittix is going after a $250 trillion market Conclusion XRP has been looking really solid lately. After a bunch of stuff happened in the market, it’s picked up some serious momentum. It’s not exploding just yet but it’s been creeping up, around 6% up so far and it feels like May might be the month it finally pops off. But here’s the thing: while XRP is looking strong, two other coins might move even faster. We’re talking about SUI and Remittix. Both are getting attention for very different reasons. SUI’s been making noise because it’s super fast, super scalable and devs love building on it. And Remittix ? That one’s a whole different story. It’s going after the global remittance market, like $250 trillion big, with a system that makes sending money across borders way easier. Plus, its presale already hit the $14.6m mark and it’s not slowing down. You might also like: Investors rush to Remittix presale, Dogecoin and Solana could fall up to 30% in April XRP’ s heating up and May could be big XRP has been through a lot lately but it’s finally starting to pay off. The SEC just approved XRP futures ETFs , set to launch on April 30 and that’s a big deal. These ETFs let big investors get in on XRP price action without actually holding the token. That means more institutional money could flood in soon. Add in the fact that Ripple settled its SEC case in March 2025 and it’s no wonder confidence is growing. XRP rose around 5% over the last 30 days, broke out of a bullish pattern and analysts are eyeing a potential 55% jump to $3.63. Right now, it’s sitting at a $128.93B market cap and still climbing. SUI’s speed is winning people over SUI’s up 48% in the last 30 days, and it’s showing no signs of slowing down. At this rate, it’s blowing past most other coins, even XRP. It’s now trading around $3.68 with a $11.29 billion market cap and momentum just keeps building. Why all the hype? Simple, SUI’s insanely fast, super scalable and it’s easy for developers to build on. That makes it perfect for next-gen apps, especially in DeFi and gaming. Plus, the SUI network runs cheaply and smoothly even when things get busy. And yeah, SUI received 29% of Ethereum outflow in the last year, according to the crypto analyst Torero Romero. Remittix is going after a $250 trillion market For those who ever thought XRP had a good thing going with cross-border payments, Remittix might just be the glow-up version. It’s tackling the same issue, making global money transfers easy and fast, but doing it with a sharper focus on speed, simplicity and low fees. At the center of it all is Remittix’s PayFi protocol, which lets users send over 100 cryptocurrencies straight to any bank account worldwide. No middlemen. No FX fees. Just a simple 1% flat fee and faster settlements. That alone puts it miles ahead of traditional systems, and even ahead of how XRP started out. And clearly, people are paying attention. The Remittix presale has already pulled in over $14.6 million, and at a current price of just $0.0757, it’s still early. Add in up to 18% staking rewards, no transaction taxes and a BlockSAFU audit and it’s not hard to see why investors are jumping in. Conclusion XRP is heating up and SUI’s already racing ahead, but Remittix might be the one that really explodes. It’s solving a massive real-world problem with better tech and the presale is moving fast. For those who are looking for serious upside before the next bull run hits, Remittix could be a shot. To learn more about Remittix, visit the Remittix presale and join the online community. Read more: Cardano, Dogecoin, and Remittix feature as analysts pick most undervalued cryptos Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.