The cryptography market no longer follows the same old models – and it launches cryptography traders.
“The market is completely cooked,” said Sykodelic Pseudonym Crypto Sykodelic in a post of February 4. They added that despite pro-Crypto trips from the US government and President Donald Trump, the market “continues to trace”.
He lost all kinds of rhyme or reason … It is very confusing for almost all investors.
Crypto Trader The Bitcoin therapist said in a post of February 4 x that “something is wrong with the price of bitcoin by the market”.
“We are easily $ 50,000 to $ 100,000 undervalued. There are too many things to be optimistic. There will be a violent repens, ”they added.
The Crypto Fear & Greed index, which measures the overall feeling of the market, fell to a “neutral” score of 54 on February 5, down 18 points compared to its “greed” score of 72 a day earlier .
The confusion comes after the broad consensus among the cryptographic analysts and traders at the end of 2024 was that the domination of the Bitcoin would cultivate at the beginning of 2025 with the electoral victory of Trump and speculations on the American Bitcoin reserve (BTC 98,271 $).
Capital was then to turn into the Altcoin market, marking what many consider the start of the “Altcoin season”.
At the time of publication, the dominance of the bitcoin is 61.47% – already higher than the prediction of the Crypto Benjamin Cowen analyst in August that it would exceed 60% before the Altcoin season begins.
Bitcoin domination has increased by 2.91% in the last seven days. Source: tradingView
Although Bitcoin reaches a new summit of more than $ 109,000 on January 20 around the inauguration of Trump, he recently experienced volatility. Macroeconomic events are often not taken into account by traders in their predictions, which generally depend on historical performance.
On February 3, the climbing of concerns concerning a potential trade war caused by Trump’s new prices on Canada, Mexico and China led to the “greatest liquidation event in the history of cryptography”.
More than $ 2.24 billion was liquidated from the cryptographic markets within 24 hours, according to Coringlass data, although some commentators suggest that the figure could reach $ 10 billion.
Trump later took a tariff break on Canada and Mexico after negotiations, but Bitcoin continues to negotiate below the level of psychological price of $ 100,000.
At the time of publication, it is negotiated at $ 97,925, according to CoinmarketCap.
The founder of MN Capital, Michaël Van de Poppe, said in a post of February 4 x that despite the American government aimed at “the golden age for crypto”, people expect “the market to be culminated ”.
“It’s literally to start,” he added.
