CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Daily Hodl 2025-02-13 12:45:21

Crypto Market Flashing Signal That Suggests Bottom Is Forming, Says Real Vision Analyst – Here’s His Outlook

Real Vision’s chief digital assets analyst Jamie Coutts says that a bottom may be forming in the crypto market after declining for weeks. Coutts tells his 33,800 followers on the social media platform X that based on a metric tracking the performance of crypto assets over 365 days the market is gearing up for a bullish reversal. “This month’s crypto flush resulted in the highest 365-day new low (NL) reading since mid-2024. While not a definitive bottom signal, it suggests a bottom is forming. Focus on assets that outperformed over the past year and during this recent pullback. Their strength hints at what’s to come in the next leg of this cyclical bull market.” He also shares the TOTAL2 chart – the market cap of all crypto assets excluding Bitcoin ( BTC ) and stablecoins – which shows a possible reversal forming on the daily timeframe after a downtrend. Source: Jamie Coutts/X TOTAL2 is valued at $1.24 trillion at time of writing. Next up, Coutts says Bitcoin may be breaking its historic inverse correlation with the US dollar index (DXY), which pits the USD against a basket of other major foreign currencies, as more investors may be treating the flagship crypto asset as a safe-haven asset similar to gold. “Bitcoin’s inverse correlation with the dollar broken? Since the September low, BTC surged from $70,000 to $110,000 while the DXY climbed from 104 to 110. Is it ETFs (exchange-traded funds), MSTR (MicroStrategy), sovereigns? Hard to say. Maybe Bitcoin is finally being recognized as the safe harbor asset it was destined to be.” Source: Jamie Coutts/X He also says that the adoption of blockchain technology is surging based on the metric of daily active addresses (DAAs) on smart contract platforms (SCPs). “Liquidity drives on-chain activity – always has. But since 2022, that relationship has weakened. Blockchain adoption is proving more resilient and less tethered to liquidity cycles. Over the past year, active addresses have tripled while markets remain their usual schizophrenic selves, debating where liquidity is headed next. But here’s the thing: the tech is hitting escape velocity. Zoom out. Both liquidity and blockchain usage are in long-term uptrends. The only question that matters – will they be higher in one, three or five years.” Source: Jamie Coutts/X Lastly, he predicts that 2025 will see an explosion of blockchain technology adoption across several sectors. “In 2025, we will likely see on-chain perps volumes exceeding $4 trillion. What until RWAs (real-world assets) land en masse, stocks, commodities, bonds, and KYC (Know Your Customer) solutions so institutions can participate. Which chains and protocols do you think will benefit most from what is about to happen?” Source: Jamie Coutts/X 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 Crypto Market Flashing Signal That Suggests Bottom Is Forming, Says Real Vision Analyst – Here’s His Outlook appeared first on The Daily Hodl .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta