The bitcoin value faced a flash crash less than $ 100,000 to $ 91,300 on 3 February. Bitcoin has consolidated the border between $ 95,500 and $ 99,000 since the accident, and altcoins struggle to reach close to their four -year peak.
According to Koingco data, Solana (SOL) ecosystem saw an erosion of more than 7% of its value in the last 24 hours, up to $ 9.96 billion in its market capitalization. Factors such as the factors of Libra and Melania MEMMM coin disputes and alleged institutions that later draw $ 100 million, have negatively affected meme coins in Solana. The AltCoin market is accompanied by the effects of reducing emotion and demand among traders.
Bitcoin flashcrash set tone for the first half of 2025
The bitcoin price rally rally for a stone of $ 100,000 miles and all its time high $ 109,588 kicked 2024 bull markets. In 2025, BTC faced a flashcrash, the largest cryptocurrency slipped on 3 February at a low of $ 91,231.
Bitcoin has consolidated within a tight range between $ 95,500 and $ 99,000 as the merchant spirit has declined. According to Derivatives Market data, the Crypto market response to US macroeconomic developments and US President Donald Trump’s executive orders and new appointments within the administration has inspired the volatility in bitcoin and altchoid, according to the data from the derivatives market.
The instability of bitcoin decreased from the peak of 2.07% on 6 February, the previous 30-day estimate keeps it at 1.53%.
The decline in instability means less likely to go to the price swings in bitcoin. Despite the short -term cooling of period in the Crypto market, BTC is unlikely to hit its bicycle top.
Bitcoin dominance hits a four -year peak as altcoins consolidated
According to tradingview data, the total crypto market capitalization except bitcoin is around the mark of $ 1.19 trillion. In February 2025, on Wednesday, 19 February, metric fell nearly 20%.
Altcoins continue to consolidate as bitcoin dominance revolves around its four -year peak, although traders can peel their eyes for any change in metrics. If the dominance of bitcoin falls, the capital can rotate in altcoins and utility tokens and paves the way to the altcoin season.
Bitcoin stabilized at the time of writing, 7-day instability in eight-month climbing and 30-day instability in October 2024. The largest cryptocurrency is currently less than 37% unstable of the top 100 American public companies. Such low relative instability is a rare phenomenon and was last seen in October 2023.
Trading volumes in exchanges are down to pre-election levels after significant de-letters, altcoins are likely to be geared up for recovery. Professional traders have to face risk as the contango narrow and CME base falls to the level of September, according to the insight K33 Research Report,
The short -term feeling among traders is that cautious and institutional holder contact for crypto has been slowed. An important indicator for viewing is the Altcoin season index on the blockchanette.
The AltCoin season is a time period where the top 50s of the top 50 altcoins perform better than the bitcoin continuously in the 90-day time limit. To determine whether it is the season of altcoin yet, traders use the Altcoin season index.
On Wednesday, the index reads 45 on a scale of 0 to 100, which means it is not yet the season of Altcoin.
As altcoins consolidate, this may be an ideal time for buyers to start accumulation before the next leg. Tokens like Bitsor (TAO), Pyth Network (Pyth), Ethena (ENA), Blue-Chip Meme coins such as dogcoin (DOGE) and Peppes are currently below the average business prices and once in the ultachoine rally resume Can start. ,
The best altcoins to buy now
The top three altcoins that are currently in the area and can recover in the next phase of the altcoin rally are bittensor, pyth network and dogcoin. The following price charts identify the purchase area, price target, profit and support/ resistance level for buyers with cracks to enter a business this week.
A majoruth below has been in a tendency below during Bitcoin Bull Run. The token has been in a decline, by $ 0.2031 at the time of writing. Technical indicators on the daily time frame, RSI and MACD Pyth support a boom thesis and the token can rally a 25% rally, which can test a major resistance level within an imbalance area, at $ 0.2548.
A bitcoin flashcrash or market consolidation can send a pyth to support at a low of $ 0.1739 at a low of 8 February.
Bittensor’s TAO has many catalysts such as dynamic TAO upgrade and subnet AI tokens, which can increase the higher price in the coming weeks in February 2025. The token can get out of its bottom trend and above the level of $ 379, above $ 445 level, at $ 4455 level, at $ 445 level, test resistance at $ 4455 level, at $ 4455 level $ At the level of 4455, at $ 4455 level at $ 4455, $ 4455 of $ 4455 At the level, at the level of $ 445 at the level of $ 4455, $ 4455 at $ 4455 level at $ 4455, $ 379 at $ 4455 level.
The $ 445 is the upper limit of a reasonable price difference on the daily time limit, a major resistance level for TAO. A rally for $ 445 points 16% profit in tokens.
Tao may get support for AI tokens on 9 February $ 341, 9 February.
Dogcoin, the largest meme token in the Crypto market is currently after a bottom of multi-forehead. $ 0.30 can break a daily candlestick pattern above resistance and indicate a trend in token.
Dogi’s technical indicators on the daily chart support about 20% of the benefits in the coming weeks, meaning that the short -term approach on the token is a boom. An improvement may send the doge to test the support on $ 0.21659, as seen in the chart below.
Bitcoin price outlook
Derivative data from a K33 research report suggests that traders have taken a vigilant hand on the Chicago Mercantile Exchange (CME) in the last few weeks. The emotion among derivative traders is recession as the premium continues to push less, while the open interest between no significant spikes in ETF activity remains stable.
The premium has been a clear decline in the months after the results of the US presidential election in November 2024. The BTC’s initial Trump election rally pushed the property above $ 100,000. However, as market announcements and macro adjusts for development, traders demonstrate growing risk.
Derivative traders are less motivated to add prolonged risk for bitcoin, the level of activity is shallow as shallow, and the open interest between weak futures ETF flows remains flat throughout the week.
As bitcoin consolidates and trades in a range-bound manner, the question is whether the bull run is more than a loom among the participants of the market.
The founder of Nick Force, derive.xyz, says that instability estimates an increase in BTC value. Founder told Crypto.news in a special interview:
“Currently, the 7-day volatility (IV) of the BTC is around 40%of the bound, while the instability of 6 months sits at 54%. While Eth’s 7-day IV is more than 66%, its 6 months match matches.
On the surface, it suggests the period of relative calm before large value movements in Q3. However, a significant discrepancy between BTC and ETH volatility signals that BTC can be evaluated, considering its 2 -year high level in market dominance (60.7%), rising speeds for BTC strategic stores, such as Texas, such as Texas Symbolical plans of, and the resolution of Israel/Palestinian conflict and progress in major geopolitical developments such as Ukraine peace talks.
BTC is expected to below 17% to 12% last week at the end of this quarter. ,
At the time of writing bitcoin trades at $ 95,689.
Disclosure: This article does not represent investment advice. The materials and materials painted on this page are only for educational purposes.
