• Crypto Market Meltdown

• Further Sell Offs Likely

• What’s Up With Ethereum?

• $180K Bitcoin Price Target

• And more…

Market Data Prices as of 7:00am ET

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CRYPTO MARKET MELTDOWN

Bitcoin Tanks 8% – Over $2.18B Liquidated in Biggest Crypto Sell-Off Ever

The crypto market is in freefall following a major global trade war sparked by new tariffs from the Trump administration.

How Bad Is It?

• Bitcoin: Down 6.47% – trading at $93,183

• Ethereum: Down 20.30% – now $2,475

• XRP: Down 24.50% – now $2.15

• Solana: Down 8.71% – now $191.65

A staggering $2.18 billion in crypto has been liquidated, making this the largest liquidation in history—bigger than FTX’s collapse.

What Triggered the Sell-Off?

Over the weekend, Trump announced tariffs on imports from Mexico, Canada, and China, triggering:

• A 25% tariff on Mexican & Canadian goods

• A 10% tariff on Chinese imports

• Canada retaliating with 25% tariffs on $155 billion worth of U.S. goods

The market now expects the Federal Reserve to keep rates high through 2025, sparking a mass sell-off in risk assets like crypto.

Investor Takeaway

This isn’t the first major crypto crash, and it won’t be the last. Bitcoin and other digital assets have rebounded from worse.

But remember: Leverage kills. If this liquidation proves anything, it’s that overleveraged traders always get wiped out first.

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FURTHER SELLOFFS LIKELY

🔍 Time to check the Long/Short-Term Holder (LTH/STH) Threshold!

Here’s a quick refresher on how it works:

🔴 Short-Term Holders (STHs): Holding for less than 155 days
🔵 Long-Term Holders (LTHs): Holding for more than 155 days

🟥 Short-Term Holder Cost Basis: The price range where all STHs purchased Bitcoin.
🟦 Long-Term Holder Cost Basis: The price range where all LTHs purchased Bitcoin.

This on-chain metric allows us to track exactly where Bitcoin was acquired by different investor groups.

📊 As of now, the LTH/STH threshold stands at August 18, 2024, when Bitcoin was priced at $57,320.

• Coins bought before this date = Classified as LTH holdings

• Coins bought after this date = Classified as STH holdings

💡 Current data shows:

✅ LTHs hold 13,101,484 BTC (66.10% of supply)
❌ STHs hold 3,981,430 BTC (20.09% of supply)

These numbers have stayed stable in the past two weeks. However, with recent Bitcoin price action, we expect a decline in short-term holders.

📉 STHs tend to react emotionally to rapid price movements, leading to a potential shakeout. But as mentioned earlier, this is likely just a temporary correction.

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WHAT’S HAPPENED TO ETHEREUM?

Is Ethereum feeling under the weather? 🫣

According to this $ETH/$BTC ratio chart, things aren't looking great! 👇

📊 What’s Happening?

This chart shows how Ethereum is performing relative to Bitcoin. When Bitcoin outperforms ETH, the line trends downward—and that’s exactly what’s been happening since mid-2022. In other words, Bitcoin has been dominating Ethereum for nearly 2.5 years.

But before we panic, let’s put things into perspective:

1️⃣ Bitcoin’s Time to Shine

• Bitcoin ETFs launched in early 2024, a full six months ahead of any potential Ethereum ETF.

• Institutional investors are pouring into BTC faster than any other crypto.

• There’s even speculation that Bitcoin could be added to the U.S. government’s balance sheet.

So, Bitcoin leading the pack isn’t all that shocking.

2️⃣ Ethereum Is Still Gaining

• Even though Bitcoin is outperforming, Ethereum is still up 3x from its cycle lows.

• Sure, that’s not mind-blowing in crypto terms, but steady growth is better than a downtrend.

3️⃣ Ethereum Still Owns DeFi

• The Total Value Locked (TVL) on Ethereum continues to be the highest across all blockchains.

• Assets like Ethereum-based tokens, memecoins, and stablecoins keep money flowing into the network.

Final Thoughts

We get it—it’s frustrating to watch Bitcoin pump while Ethereum lags. But remember the golden rule:

👉 Be fearful when others are greedy, and greedy when others are fearful.

If you have long-term conviction in Ethereum, this might just be a buying opportunity. 🚀

We are excited to announce one of Bitbo’s newest trading charts:

Bitcoin Daily RSI →

This chart shows the price of the S&P 500 index in bitcoin (BTC).

The Relative Strength Index (RSI) chart is a momentum based visualization for the Bitcoin market. We use the RSI to measure the speed as well as the magnitude of directional price movements in Bitcoin. Depending on how fast a price changes and by how much, an RSI score is given to the day being observed relative to the past 14 days.

• A high RSI means that price movements are very positive relative to the past 14 days.

• A low RSI means that price movements are very negative relative to the past 14 days.

$180K BITCOIN PRICE TARGET

Bitcoin's unstoppable climb has investors buzzing, and it’s now projected to reach between $150,000 and $180,000, according to Mark Yusko of Morgan Creek Capital Management.

The catalyst?

A pro-crypto shift in Washington led by President Donald Trump.

On January 23, 2025, Trump signed an executive order titled Strengthening American Leadership in Digital Financial Technology.

This move set the stage for sweeping crypto reforms, including the formation of a special task force led by tech investor David Sachs.

The group, which includes officials from the Treasury, DOJ, and SEC, has 180 days to propose new regulations and assess the viability of a National Cryptocurrency Reserve.

But there’s more—Trump officially banned the creation of a U.S. central bank digital currency (CBDC), aligning with his preference for decentralized digital assets over government-controlled alternatives.

His administration has also installed crypto-friendly figures in key regulatory roles, such as David Sachs as cryptocurrency czar and Paul Atkins as SEC chair.

To top it off, the SEC reversed a rule that previously restricted banks from holding crypto assets, opening the floodgates for institutional adoption.

With these regulatory shifts, Bitcoin’s next leg up could be massive, potentially reaching $180,000 before this cycle peaks.

Will this be the start of a new financial era? 

Tune in to clips from Mark Yusko’s Interview to find out more..

OTHER NEWS

• 🔥 Ripple’s Crypto Strategy: A Threat to Bitcoin’s Dominance?

• 🚀 BlackRock Pushes for In-Kind Bitcoin ETF Redemptions—What It Means

• 💥 ECB in Turmoil Over Trump’s Crypto-Friendly Stance

• 💰 Bessent Named Treasury Secretary—Is Bitcoin in the Crosshairs?

• 🕵️‍♂️ DARPA Unveils Pre-Crime AML Initiative—Privacy Concerns Rise

• 💥 Metaplanet Secures Massive Funding to Fuel Bitcoin Expansion

• 💡 Czech Central Bank Governor Eyes Bitcoin for National Reserves

• 🚀 𝕏 Money Teams Up with Visa—Game Changer for Payments?

• 🏛️ Utah Moves to Allocate State Funds to Bitcoin

• 🚨 El Salvador Stands Firm Against IMF’s Bitcoin Pushback

• 🏦 Federal Reserve Confirms Banks Can Hold Bitcoin

• 💰 Texas Doubles Down on Bitcoin with State Reserve Strategy

• ⚡ Tether Expands USDt to Bitcoin’s Lightning Network

• 🤡 Ross Ulbricht’s Meme Coin Gamble Ends in a $12M Wipeout

• 🚫 Lagarde Crushes Hopes for Bitcoin Reserves in the Eurozone

RECOMMENDATIONS

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.