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Crypto Snapshot: Latest News and Trends  

By SYGNAL

📈 Market News:  

• Bitcoin ($BTC) surged past the $100,000 mark earlier this month, marking a historic milestone. However, it has since retreated to $93,350, reflecting a 4% decline for December 2024. (CNBC)
• Ethereum ($ETH) witnessed a 43% price increase over the year 2024, adding $118 billion to its market cap, now valued at $418 billion. (Forbes)
• SUI ($SUI) and Dogecoin ($DOGE) were the top-performing altcoins of 2024, with SUI gaining 509% and Dogecoin climbing 333%, the latter reaching its highest levels since the pandemic. (Forbes)
• Since the U.S. Election Day on November 5, 2024, the global crypto market value has surged by over $1 trillion, hitting a new high of $3.6 trillion. (Forbes)

📜 Regulatory News:  

• Montenegro has approved the extradition of Terraform Labs' founder Do Kwon to the U.S. The move underscores increasing scrutiny on stablecoins and regulatory accountability. (Barron's)

🌐 Adoption and Usage:

• Following their approval in January 2024, Bitcoin ETFs have been instrumental in driving institutional adoption, with BlackRock's iShares Bitcoin Trust now managing $60 billion in assets. (Forbes)

💸 Money Flow:  

• Over the course of 2024, the crypto market saw a dramatic increase in capital, attributed to the launch of Bitcoin ETFs and heightened institutional interest. The market's aggregate value rose significantly, culminating in a historic high of $3.6 trillion in December. (Forbes)

🗣️ Crypto Influencers:  

• Mike Alfred forecasted a major Bitcoin ($BTC) price movement in the coming weeks, pointing to the largest-ever Bitcoin options expiry and market makers' exposure as key factors. (Forbes)   

🌟 Other Highlights:  

• Over 2024, altcoins like Stellar ($XLM), Toncoin ($TON), and the Hedera Network token ($HBAR) outperformed Bitcoin, with gains of 233%, 155%, and 248%, respectively. (Forbes)
• Dogecoin ($DOGE) saw a remarkable resurgence in 2024, climbing 333% and reaching its highest value since the pandemic. (Forbes)

🚀 Daily Crypto Signals 🚀

Here are SYGNAL's latest, short-term trend-following signals for the top 5 cryptos:

📅 Date: 2024-12-30

📈 $BTC : Bullish (0.54)  

📈 $ETH : Neutral (0.08)  

📈 $LTC : Neutral (0.23)  

📈 $BNB : Max Bullish (1.00)  

📉 $SOL : Bearish (-0.69)

Our signals are generated daily to help you make informed trading decisions.

This material by SYGNAL is for informational purposes only and does not constitute an offer to buy cryptocurrencies; past performance does not guarantee future results.

1. Market Overview

Santa rally did not materialize and the holiday season delivered dull price action—likely unpopular but undeniably necessary. Bitcoin’s daily RSI has returned to levels last seen when $BTC was trading around $60k, open interest has been completely reset and funding has on some exchanges turned negative. This scenario often precedes a strong push to the upside. If history repeats itself, the next 3–4 months could see a parabolic rally, with Ethereum and other altcoins taking center stage👀

As shown below, Ethereum (and altcoins) tend to rally in the first quarter following a halving year👇

2. ETF Flows

It appears that institutions are shifting gears in anticipation of a potential $ETH rally, moving out of $BTC and into $ETH 👀

• BTC ETFs Weekly Flow: -$377,6 million🤔
• ETH ETFs Weekly Flow: +$349,3 million🤑

Creemos que existe un soporte relevante sobre los 92K$ en $BTC ya que en varias ocasiones el precio lo ha tocado y ha rebotado al alza, pero también pensamos que todavía podemos ir un poco más abajo de los 90K$ ya que varías métricas todavía no están en su punto de equilibrio.

Por ejemplo el MVRV de CP se acerca a la zona de 1 lo que sugiere que el mercado está en equilibrio, es decir, el precio actual es igual al precio promedio de adquisición de los Bitcoins (0% de ganancia o pérdida).

Lo mismo ocurre con el SOPR estamos viendo como se acerca a la zona de 1 donde las ganancias y las pérdidas tomadas se encuentran en equilibrio.

También la Cap. realizada en ganancia y pérdida están a punto de tocarse, lo que ha solido significar mínimos locales.

Podemos observar también que actualmente existe un 15,45% del suministro inactivo en pérdida perteneciente a los tenedores de CP.

Todo esto nos hace pensar que podemos ir un poco más abajo, pero seguimos manteniendo como soporte fuerte sobre los 87K$ del precio realizado de CP.

English:

We believe that there is relevant support above $92K in $BTC since on several occasions the price has touched it and bounced upwards, but we also think that we can still go a little below $90K since various metrics They are not yet at their equilibrium point.

For example, the STH MVRV is approaching the zone of 1, which suggests that the market is in equilibrium, that is, the current price is equal to the average acquisition price of Bitcoins (0% profit or loss).

The same thing happens with the SOPR, we are seeing how it approaches the zone of 1 where the profits and losses taken are in balance.

Also Cap. realized in profit and loss are about to touch, which has usually meant local minimums.

We can also observe that there is currently 15.45% of the idle supply at a loss belonging to STH.

All this makes us think that we can go a little lower, but we continue to maintain strong support on the $87K realized price of STH.