Category: Cryptocurrency News

After dropping below $100,000 earlier this month, Bitcoin has faced sluggish price movement with little upward momentum. Over the past week, the asset has just ranged below this six-digit mark with its price now hovering above $96,000 as of today. This sideways movement reflects a lack of significant momentum and has left many traders questioning what might spark the next major move. Related Reading: Bitcoin’s Bull Cycle: Analyst Says The Upside Isn’t Over Yet Late Longs Liquidated: The Impact Despite the lack of a breakthrough, Bitcoin’s price behavior continues to attract the attention of market analysts. One such expert is Amr Taha, a contributor to CryptoQuant’s QuickTake platform. Taha’s recent analysis in a post titled: “Late Buyer’s Liquidation Events Happened 3 Times Under 98K,” sheds light on a notable pattern of liquidations among long positions. His insights offer a deeper understanding of how market dynamics can shift following these liquidation events. Taha describes “late longs” as traders who enter the market after a substantial price increase, often motivated by fear of missing out (FOMO). These positions tend to be highly leveraged, making them more vulnerable to even minor price corrections. According to Taha, late longs often emerge near local price peaks, and their presence can destabilize the market. The analyst points out that when these positions are liquidated, it serves a dual purpose. Firstly, it reduces the market’s open interest, helping to flush out excess leverage and restore a more balanced trading environment. Secondly, these liquidation events can present opportunities for experienced traders. By stepping in after forced selling, savvy market participants can potentially secure better entry points and position themselves for the next upward price movement. Bitcoin Market Performance Bitcoin has seen quite a bullish performance in the past day increasing by 1.3% in price to currently trade at $96,725, at the time of writing. However, on a broader scale, the asset still appears to be somewhat bearish with its weekly and monthly price performance in red. Interestingly, despite the uptick in BTC’s price today, its daily trading volume as of today remains lower than that of last week. Last Friday, BTC’s daily trading volume stood above $50 billion however, as of today this metric has dropped to $24.7 billion. Related Reading: Bitcoin’s Realized Cap Hits Record High—Is a Major Bull Run Brewing? Meanwhile, a crypto analyst known as Javon Marks has revealed that based on some bullish indicators emerging on BTC’s price chart, a “bullish result” is imminent. Bull-Flag Breakout HOLDING 🏁! Bullish Results looking imminent, on multiple metrics.$BTC pic.twitter.com/9IRnzX71P8 — JAVON⚡️MARKS (@JavonTM1) February 14, 2025 Featured image created with DALL-E, Chart from TradingView

The U.S. Attorney’s Office for the Western District of Washington has secured a record in criminal recoveries, largely driven by Binance’s settlement. Binance’s Billions Propel U.S. Attorney’s Office to Record Criminal Recoveries The U.S. Attorney’s Office for the Western District of Washington announced on Feb. 12 that it collected a record-breaking $1.5 billion in criminal […]

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Brent Kovar allegedly attracted investors to the Ponzi scheme through a YouTube video and PowerPoint presentation, promising annual returns of 15% to 30%.

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On-chain data shows the Toncoin investors are holding a significant amount of unrealized profit even after the recent bearish action in the asset’s price. Toncoin Is Still Trading A Notable Distance Above Its Realized Price In a new post on X, the on-chain analytics firm Glassnode has discussed about the latest trend in a few indicators related to Toncoin. The first metric of relevance is the “Realized Price,” which tells us, in short, the cost basis of the average investor on the TON network. When the spot price of the cryptocurrency is trading above this indicator, it means the holders as a whole can be assumed to be carrying a net amount of unrealized profit. On the other hand, it being under the metric implies the dominance of loss in the market. Related Reading: Bitcoin Retail Volume Close To Growing Again: Bullish Sign? Now, here is the chart shared by the analytics firm, that shows the trend in the Toncoin Realized Price over the last few years: As displayed in the above graph, the Toncoin price has been above the Realized Price for a while now, which means the investors on the whole have been enjoying gains. This arrangement hasn’t changed even after the drawdown that the coin has witnessed recently. Historically, the Realized Price has acted as a support level for the asset. The reason behind this is the fact that investors can be likely to react to dips to their cost basis by buying more, if the mood in the market is bullish. At present, the metric has a value of $2.43, which is significantly under the spot price. Based on the historical pattern, Glassnode notes that the level “remains a crucial level for potential buying pressure.” The next indicator shared by the analytics firm is the Market Value to Realized Value (MVRV) Ratio. This metric keeps track of the ratio between the spot price and Realized Price of Toncoin. From the chart, it’s apparent that the ratio has gone down recently and has reached a value of around 1.54. “This means that, on average, investors are sitting at ~54% unrealized profit,” explains Glassnode. Related Reading: XRP Targeting $15 If This Pattern Holds, Analyst Says While the overall market has been able to withstand the recent downturn, it doesn’t mean that there has been no panic loss selling at all for Toncoin. As the below chart for the Realized Loss shows, the buyers who got in during the top ended up realizing a massive amount of loss in the price plunge. TON Price At the time of writing, Toncoin is trading around $3.77, up almost 3% in the last 24 hours. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Pig butchering scams exploded in 2024, with fraudsters stealing billions through AI-driven deepfakes and rapid-fire scams, overwhelming victims and outpacing law enforcement crackdowns worldwide. Pig Butchering Scams Surge as AI Fuels New Fraud Tactics Blockchain intelligence firm Chainalysis released a report on Feb. 13 detailing the rapid growth of pig butchering scams in 2024. These […]

The SEC has requested an additional 28 days to review Coinbase’s appeal in their legal battle that has been ongoing since June 2023.

Toncoin (TON) has faced a prolonged downturn, struggling to regain upward momentum after a tough week. Although it recently recorded a slight daily gain, the asset remains trapped in bearish territory, trading below the $4 mark. Despite this challenging price performance, analysts suggest that Toncoin may be nearing a significant accumulation phase. Related Reading: New Data Suggests Toncoin (TON) Might Be Undervalued—Here’s What It Means Key Metrics Indicate Potential Recovery Amid these market conditions, a CryptoQuant contributor, Crazzyblockk, recently shared a detailed outlook on TON. In a post titled “TON Enters Key Buy Zone – A Prime Opportunity,” the analyst outlined key findings from the Ton Price Models. These models indicate that Toncoin has reached the 0.6x 250-day moving average bottom zone—historically considered a strong accumulation level. Crazzyblockk notes that this data-driven model suggests TON is undervalued, presenting a potential buying opportunity for long-term investors. Notably, the Ton Price Models leverage historical data to identify oversold conditions and potential entry points. According to Crazzyblockk, assets trading near 0.6x–0.8x of their 250-day moving average often signal strong buy conditions. Historically, these levels have served as ideal accumulation zones before major market upturns. The analyst emphasized that TON’s current price position aligns with previous setups that have led to significant price recoveries, making it a promising target for data-driven investment strategies. Toncoin Price Performance And Outlook Meanwhile, Toncoin’s price on the higher time frame has continued to demonstrate a bearish move. In the past two weeks alone, this metric has fallen by a double-digit of 23.4% and roughly a 54.3% decrease away from its all-time high of $8.25 registered in June 2024. However zooming in, TON has shown resilience recording a slight increase of 2.8% in the past day. This uptick although little has been able to push TON’s price above $3.8 nearing the $4 mark. Interestingly, while TON’s price has risen today, its daily trading volume is notably lower compared to last Friday, when the asset was trading at a similar price level. Last Friday, TON’s trading volume exceeded $214 million. However, as of today, it has decreased to $161.2 million. One possible explanation for this drop in trading volume could be a shift in investor behavior, with some market participants holding their positions rather than actively trading, potentially in anticipation of continued price appreciation. Speaking of price appreciation, a renowned crypto analyst known as Ali on X has recently shared an interesting analysis on Toncoin using the TD Sequential indicator. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound This indicator is a tool that helps identify potential trend reversals and exhaustion points in price movements. It works by counting a series of consecutive price bars that close higher (in an uptrend) or lower (in a downtrend) than previous bars, forming a sequential count. Once the count reaches a certain number—often 9 or 13—the indicator suggests that the prevailing trend may be losing momentum and could reverse or pause. According to Ali, TON is on the verge of a rebound based on this tool. #Toncoin $TON is showing signs of a potential rebound as the TD Sequential indicator flashes a buy signal on the weekly chart! pic.twitter.com/nRtabmxjxQ — Ali (@ali_charts) February 14, 2025 Featured image created with DALL-E, Chart from TradingView

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