On April 25th, COINOTAG reported an intriguing development in the cryptocurrency market. According to data from LookIntoChain, a dormant whale re-emerged after a three-month hiatus, depositing 2.28 million USDC onto
Tesla’s first-quarter 2025 earnings report has been released, and it notably omits any mention of a substantial $97 million loss related to the company’s Bitcoin holdings. This absence has raised questions within financial circles and the cryptocurrency community regarding the transparency of Tesla’s financial reporting concerning its digital asset investments. Details of the Unreported Bitcoin … Continue reading "Tesla’s $97M Bitcoin Loss Not in Earnings Report" The post Tesla’s $97M Bitcoin Loss Not in Earnings Report appeared first on Cryptoknowmics-Crypto News and Media Platform .
Ethereum (ETH), the second-largest cryptocurrency by market cap, is up 9.9% over the past week. Recent analyses suggest the digital asset may continue its bullish momentum in the near-term. Ethereum Flashes Golden Cross According to a recent X post by crypto analyst Titan of Crypto, Ethereum has formed a golden cross on the daily chart. A golden cross typically precedes significant price rallies, and the continuation of this bullish price action could push ETH beyond $2,000 soon. Related Reading: Ethereum Nears ‘Critical Zone’ Historically Linked To Market Bottoms – Is A Rebound Incoming? For the uninitiated, a golden cross is a technical indicator that flashes when the 50-day moving average (MA) crosses the 200-day moving average (MA). The indicator often suggests a shift from a downtrend to an uptrend in the underlying asset’s price. The following chart shows the golden cross, with the upward-sloping red line (50-day MA) overtaking the downward-sloping blue line (200-day MA). If this trend holds, it could set the stage for further gains, with the $2,000 mark acting as the next psychological resistance level. Other analysts also support Titan of Crypto’s bullish outlook for ETH. For example, fellow analyst JJcycles shared a weekly chart illustrating striking similarities between ETH’s current structure and that of Bitcoin (BTC) during past cycles. JJcycles noted that ETH may currently be trading near the bottom of the range – close to the support trendline – similar to BTC’s price action around $5,000 following the March 2020 COVID-19 crash. Potential ETH Targets? In another X post, crypto trading account Bitcoinsensus pointed out that Ethereum is forming a large bull flag pattern on the monthly chart. The account noted that ETH is currently near the lower boundary of the flag, with a potential breakout target of up to $8,000. Likewise, seasoned analyst TraderPA suggested ETH is in a reaccumulation phase and could be poised for a strong rally. According to TraderPA, ETH may surge to $6,000 before the year ends. On-chain metrics also support the case for a bullish reversal. Crypto analyst Ali Martinez recently noted that Ethereum’s Entity-Adjusted Dormancy Flow has dropped below one million – a level that often indicates the asset is undervalued. Related Reading: Ethereum Sentiment Dips Among Retail Investors, Yet A Breakout Looms Despite the positive indicators, concerns about further downside remain. Ethereum’s weak performance in recent months, coupled with repeated breakdowns through key support levels, raises the risk of a drop to $1,200. Nonetheless, ETH is projected to see significant price appreciation in Q2 2025, with some analysts forecasting a new all-time high by year’s end. At press time, ETH trades at $1,755, down 3.3% in the last 24 hours. Featured image from Unsplash, charts from X and Tradingview.com
ETH's performance has gone a completely different way from BTC.
On April 25th, COINOTAG News reported significant **capital inflows** into the **Ethereum** market, as noted by Farside Investors. The data revealed a robust **net inflow** of $63.5 million into the
Summary GDLC's NAV discount has compressed to 10%, trading at par based on my 'adjusted NAV' framework, reflecting BTC and ETH weightings. With an 80% Bitcoin allocation, GDLC may not be ideal for altcoin rallies, despite potential spot ETF approvals for XRP and SOL. The fund's heavy BTC exposure challenges its effectiveness for altcoin-focused investors; single-asset ETFs may offer better returns. GDLC remains a 'hold' for passive investors, but active altcoin buyers should consider alternative funds for more direct exposure. It has been approximately five months since my last Seeking Alpha article covering the Grayscale Digital Large Cap Fund (GDLC). It's a fund that I've covered a half dozen times going back to 2022 and one that I've often provided readers with an 'adjusted NAV' valuation based on my own framework. From November: For those who have not seen the prior work, my 'fair value' calculation zeroes out the altcoins after BTC and ETH and assigns a full valuation to the BTC and ETH in the fund. With the increasing likelihood that more spot ETFs for altcoins may enter the market this year, GDLC's NAV rate discount has further compressed down to just 10% from the 17% discount offered by the market back in November. More importantly, based on my 'adjusted NAV' framework, the fund essentially trades at par given current weightings to readily available spot ETFs for digital assets in the US market. In this update, we'll look at the current makeup of the fund and assess if GDLC is the right way to pay a potential 'alt season' in the digital asset market. Current Holdings & Discount Rate Asset Allocation Assets/Share Weight Bitcoin ( BTC-USD ) 0.00036456 80.60% Ethereum ( ETH-USD ) 0.00221657 9.37% XRP ( XRP-USD ) 1.06819845 5.61% Solana ( SOL-USD ) 0.00939617 3.33% Cardano ( ADA-USD ) 0.66104994 1.09% Source: Grayscale, as of 4/23/25 As has been the case since I've been covering GDLC, the largest allocation of the fund's capital is to Bitcoin. This was actually my original critique when I first covered the fund; mainly, that a product that aimed for digital asset diversification having such a large BTC weighting perhaps defeated the purpose of buying an 'altcoin' fund. Though it should be noted that this allocation to Bitcoin has almost certainly helped the fund's NAV rate discount compression since 'crypto winter' back in 2022. Currently, that discount stands at just over 10%: ASSETS UNDER MANAGEMENT $670,308,275.58 SHARES OUTSTANDING 15,867,400 NET ASSET VALUE PER SHARE $42.24 MARKET PRICE $37.89 DISCOUNT TO NET ASSET VALUE 10.30% Source: Grayscale, as of 4/23/25 If readers think back to my framework for creating the 'adjusted NAV' of GDLC, the combined 90% allocation to Bitcoin and Ethereum essentially puts the fund at my adjusted 'fair value' already. However, with the US political landscape changing from crypto-antagonism to one that is as more open to the asset class, should this fund trade closer to the real NAV rather than my adjusted NAV? There is certainly an argument to made that it perhaps should. But the next question I have about GDLC in 2025 is pretty simple; is this fund the right way to play a potential rally in the altcoin market? I'm much less certain that the answer to that question is 'yes' given how exposed the fund is to BTC. Bitcoin Allocation & Altcoin Exposure As far as I can tell, Grayscale no longer offers a historic breakout of GDLC holdings data by day. Thus, to assess the long-term Bitcoin allocation that has historically been represented by each GDLC share, I've referenced my prior articles. That data is shown in the table below, with dates hyperlinked to the source articles: Historic Weightings BTC % ETH % Remaining % Total Holdings August 2022 63.50% 31.20% 5.30% 5 June 2023 70.32% 27.05% 2.63% 5 August 2023 69.97% 26.97% 3.06% 5 March 2024 69.33% 22.39% 8.28% 6 September 2024 75.80% 17.80% 6.40% 5 November 2024 75.50% 16.30% 8.20% 5 April 2025 80.60% 9.37% 10.03% 5 Source: Grayscale, prior articles Not only is the current 80.6% allocation to Bitcoin the largest BTC weighting since I've been covering GDLC, but the 10% exposure to alternative coins is the largest that I can recall. This is no doubt due, in part, to the performance of coins like XRP and SOL. But I think it also speaks to the significant under-performance of ETH; which has fallen in fund weighting by 70% in less than 3 years. ETF Analyst Expectations as of 2/10/25 (James Seyffart/X) I shared this graphic in a prior Grayscale piece and I think it's useful for GDLC as well. Bloomberg's ETF analysts have a positive outlook on ETF approval odds for both XRP and SOL. If that does indeed come to fruition, it would mean ADA is the only cryptocurrency in GDLC that doesn't have a spot ETF in the US market. At just 1% of AUM allocated to ADA currently, it could easily be argued that GDLC should trade essentially at NAV or slightly lower. Even in that scenario, the re-rating for GDLC as a result of XRP and SOL spot ETF approvals would be closer to 8 or 9% higher coin prices being equal. At that point, the merits of the fund itself would likely be the biggest driver of future GDLC returns. Bitcoin Dominance (CoinMarketCap) In a market that has increasingly become dominated by Bitcoin over the last two and half years, the merits of a fund like GDLC likely become challenged. On one hand, Bitcoin's surge to 63% of the total crypto market is perhaps a signal that a turnaround for altcoins is warranted based on historical trends. On the other hand, with just 20% combined allocation to ETH and other alts, GDLC might not actually be the best way to play a reversal in BTC dominance. Closing Thoughts I don't think 80% allocation to Bitcoin is what altcoin buyers would be interested in if nearly the entire fund could be replaced with allocation to four single-asset spot ETFs at an individual investor's own discretion. For a 'set it and forget it' type of fund that could benefit from higher crypto prices, GDLC probably works fine. Especially given what is still a real NAV discount of 10%. But if BTC begins to lose market share to ETH, SOL, XRP, or ADA, the returns from GDLC will ultimately lag more direct exposure to those assets through alternative funds. There are several spot ETH ETFs already. Though it trades at a dwindling premium, Solana bulls have the Grayscale Solana Trust ( GSOL ) as an option. Ripple bulls could look to something like the Teucrium 2x Long Daily XRP ETF ( XXRP ) for shorter term trading. And this is before spot ETFs enter the market - which is a catalyst that could manifest this year. Given all this, I'm reiterating GDLC as a 'hold' and suspect that altcoin buyers will likely do better piecing together an altcoin portfolio using single-asset funds and lower-cost ETFs.
The recent surge in Bitcoin’s price has propelled the crypto market sentiment to a two-month high, signaling renewed investor enthusiasm. The Crypto Fear & Greed Index reached a notable score
Key takeaways: Crypto market sentiment hit a two-month high with the Crypto Fear & Greed Index returning to “Greed” territory on April 23. Despite Bitcoin’s price hold, the sentiment score is gradually declining, and analysts are expressing doubt over the rally’s sustainability. The crypto market remains Bitcoin-heavy, with its dominance above 64%, strong ETF inflows and a low altcoin season score. Bitcoin’s several-day surge above $90,000 pushed crypto market sentiment to its highest point in more than two months on April 23, but it’s gradually tapering off again as analysts air concerns about the sustainability of Bitcoin’s rally. On April 23, the Crypto Fear & Greed Index clocked a score of 72 out of 100, putting it in the “Greed” zone as Bitcoin ( BTC ) returned above the $90,000 level. However, as of April 25, the score has fallen to 60 despite the relatively stable price. Crypto sentiment at two-month high The last time the index hit this score was on Feb. 4, around the same time US President Donald Trump introduced tariffs and Bitcoin fell below $100,000 . Bitcoin has since reclaimed the $90,000 price level for the first time since March 6. Bitcoin is trading at $93,130 at the time of publication. Source: CoinMarketCap However, despite Bitcoin trading between $91,800 and $94,304 over the past two days, sentiment within the “Greed” territory has been gradually cooling off, with the index falling to April 24 and 60 on April 25. The slight pullback follows warnings from several crypto analysts who remain cautious about the Bitcoin rally, including 10x Research's head of research, Markus Thielen, who isn’t yet convinced of a rally . “Given that our stablecoin minting indicator has yet to return to high-activity levels, we remain cautious about the sustainability of the current Bitcoin rally,” Thielen said on April 23. Meanwhile, Bitfinex analysts said on April 24 that while Bitcoin’s relative strength against US equities “appears real,” it is yet to be confirmed as structural. However, others are more bullish. MN Trading Capital founder Michaël van de Poppe said on April 24 that “buyers are likely going to step in, and then we’ll be continuing our path toward a new [all-time high].” Related: Bitcoin ‘short squeeze’ or $87K dip next? BTC price predictions vary CoinMarketCap’s altcoin season index indicates that the market is still heavily favoring Bitcoin over altcoins, with the altcoin season score sitting at a lowly 17 out of 100. It comes as Bitcoin Dominance is sitting at 64.39%, according to TradingView data. Bitcoin sentiment has gained momentum since it touched the mid-$80,000 price range. On April 17, crypto analytics firm Santiment pointed out that the tone of Bitcoin-related social media posts has flipped to bullish . Meanwhile, crypto analyst Trader T pointed out in an April 25 X post that US-based spot Bitcoin ETFs have , so far to April 24, seen their third-best week of inflows since launching in January 2024. Over the past four trading days, the spot Bitcoin ETFs have seen $2.6 billion in net inflows. Magazine: Pokémon on Sui rumors, Polymarket bets on Filipino Pope: Asia Express This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
COINOTAG News reported on April 25th that recent shifts in U.S. economic policy have notably impacted market dynamics. This week, QCP Capital highlighted that President Trump has momentarily halted his
HodlX Guest Post Submit Your Post According to research by Charles Schwab UK, younger generations – particularly Z and Millennials, unlike Gen X and Boomers – accept online trading as one of the mainstream supplemental income activities. This makes many of them trader-like-minded but lacking sufficient experience, so the issue of active investment strategies remains open and usually untapped. Younger investors are also embracing broader investment opportunities, such as copy trading, which are not usually welcomed as much by their older counterparts. However, to novice investors, even if they are more advanced, leveraging strategies of master traders and thinking of it as a way to diversify the risk of the human factor may be self-delusional. Sometimes, seeing an influencer bragging about success and dropping a referral link has a huge toll on investors’ decisions. So, copy trading is not just trading anymore – it’s the influencer economy in full force. High returns, hidden volatility Given the social nature of copy trading, there’s a real danger in people placing too much faith in well-known figures in the industry, specifically, the master traders, whose successful trades can be easily replicated. The biggest risk in copy trading is not the market – it’s psychology. This situation is reminiscent of the wave of celebrity crypto endorsements that tend to surface during every bull market, often leaving seasoned traders feeling uncomfortable when these influencers make outlandish promises about token projects. While having a celebrity on board can certainly give a project a popularity boost, it doesn’t guarantee that it’s legitimate. Yet, despite a history of failures, many novice investors are still being overly influenced by prominent people in the industry. Diversification, despite being a common approach in investing, can also be very delusional. Just spreading one’s money across 10 different master accounts won’t really shield one from market behavior at the end of the day. In the crypto world, some semblance of credible diversification could only be in mixing the very copy trading, realizing all its caveats, with long-term investments or alternative investment methods like staking. The bottom line is that the investors don’t cause common risks of copy trading that much en masse, but by the platforms themselves. It’s their duty to communicate both risks and performance. When return or drawdown metrics leave out unrealized profits and losses, investors can easily be misled, leading to unrealistic expectations based on partial information. Protecting the follower on a platform level When it comes to safeguarding copy trading ethics, trading platforms usually focus on the key issue – unveiling and stopping the known account ‘boosting’ schemes. This happens when someone sets up multiple accounts – l et’s say, four – and opens ‘buy’ positions on two while placing ‘sell’ positions on the other two. After closing two ‘victimized’ accounts, the remaining ones might show impressive returns – let’s say, 80%. The trader can then repeat this cycle, eventually boasting an account with, say, 230% return. At that point, even minor gains – like one percent – can lead to outsized percentage growth – three percent – because of compounding. This creates a false sense of steady profitability when, in reality, it’s just an artificial boost from the start. Investors who see this kind of past performance might think they can expect similar results, but they’re just buying into a cleverly crafted illusion. On top of that, there’s not much incentive for platforms to keep a close eye on how traders behave. After all, it’s just a marketplace – some traders may be laid-back and cautious, while others are expected to act more aggressively. There’s a place for both types. The only twist here is that instead of pushing a casino-style wheel, someone may click the ‘follow’ button on a hyper-aggressive trader. All in all, a trading platform can offer two complete tools to protect investors – risk limits for signal providers and risk limits for investors. When it comes to risk limits for signal providers, they should be implemented in a way that prevents users from instantly altering them. Otherwise, it doesn’t serve its purpose. When the set limit is exceeded by the user, the platform intervenes in order to counteract the risky activity. This is the truly effective way to protect investors. Besides, platforms should clearly communicate those limits to the investors. For example – “ A stricter risk limit will be imposed on this master trader – if his account loses, say, 20%, all positions will be closed automatically.” That kind of enforcement action would provide a more realistic protection. The same goes for followers – platforms must allow them to rely on automated controls like stop-copy thresholds or risk multipliers. Let’s say that the investor set a loss limit of 500 USDT for the master trader. If the loss reaches this amount, all copied positions will be closed and the subscription will be terminated. Final words When entering the world of crypto copy trading, investors must understand that it inherently involves risks – there’s always a chance to win or lose. The key principle is simple and universal – never deposit more than you’re prepared to lose. Once that deposit is made, there are several ways to manage risk effectively – diversify by following multiple signal providers, set clear risk limits and use low-risk multipliers. If these precautions are in place, losing money becomes much harder, but at the same time, earning a fortune wouldn’t come easily either. Sergey Ryzhavin is the director of B2COPY , a money management platform for brokers developed by B2BROKER, a global fintech solutions provider for financial institutions. Sergey is a seasoned fintech professional holding over 15 years of experience in copy trading, brokerage solutions and trading technology. Check Latest Headlines on HodlX Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements 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 loses 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. 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