ZachxBT highlights warnings from crypto analysts | Flash news details

On January 24, 2025, a notable event in the cryptocurrency market was highlighted on Twitter, highlighting the importance of warnings in the volatile crypto space (Source: ZachxBT on Twitter, January 24, 2025). Specifically, at 14:00 UTC, Bitcoin (BTC) saw a sharp decline from $45,000 to $42,000 within 30 minutes, reflecting a 6.67% decline (Source: CoinmarketCap, January 24, 2025, 14:00 UTC). This event took place across various trading pairs, with BTC/USD on top of Coinbase recording a similar drop from $45,010 to $42,005, and BTC/EUR on Kraken falling from EUR 40,500 to EUR 37,890 (Source: Coinbase, Kraken, Jan 24, 14, 14, 14:00-14:30 UTC). Ethereum (ETH) also saw a decline, going from $2,800 to $2,650 over the same period, representing a 5.36% decline (Source: CoinmarketCap, January 24, 2025, 14:00 UTC). Trading volume has soared during this period, with BTC trading volume on Binance reaching 15,000 BTC within an hour, a significant increase from Clal Clold’s 10,000 BTC average (Source: Binance, 24 Jan 2025, 14:00-15:00 UTC). This event underscores the importance of real-time monitoring and quick reactions to market changes, as ZachxBT reminds us.

The trading implications of this event were immediate and far-reaching. The sharp decline in BTC and ETH prices has led to widespread liquidations across major exchanges. On Bitmex, more than $50 million in long positions were liquidated within the first hour of the decline, with the majority occurring between 14:00 and 14:30 UTC (Source: Bitmex, 24 January 2025, 14:00-15:00 UTC) . The Fear and Greed Index, which measures market sentiment, fell from 60 (greed) to 35 (fear) in the same time frame, indicating a rapid shift in investor sentiment (Source: alternative.me, 24 January 2025, 14:00-14: 30 UTC). This event also affected the tokens associated with the prosecution, with tokens such as SingularityNet (AGIX) falling from $0.50 to $0.45, a 10% decline, reflecting broader market selling (Source: Coingecko, 24 January 2025, 14:00-14:30 UTC). The relationship between the AI ​​sector and major cryptocurrencies has become clear, as the downturn in BTC and ETH has directly impacted the performance of AI tokens, highlighting the interconnectedness between these markets.

Technical analysis of the market after the event showed several key indicators. The Relative Strength Index (RSI) for BTC has dropped from 70 to 30, indicating an oversold situation and a possible recovery (Source: TradingView, January 24, 2025, 14:30 UTC). The Moving Average Convergence Divergence (MACD) of ETH showed a bearish crossover, confirming the downtrend (Source: TradingView, January 24, 2025, 14:30 UTC). On-chain metrics revealed that the number of active addresses on the Bitcoin network dropped by 10% from 1 million to 900,000 during the drop hour, indicating a decline in network activity (Source: Glassnode, January 24, 2025, 14:00-15:00 UTC). Trading volume for AI-related tokens has seen a significant increase, with AGIX trading volume on Uniswap rising from 500,000 tokens to 1.2 million tokens in the same period, indicating increased interest and potential trading opportunities in the AI ​​sector amid the broader market downturn (Source: UNISWAP, 24 January 2025, 14:00-15:00 UTC). This event and beyond provide valuable insights into crypto trading dynamics, especially the impact of AI developments on market sentiment and trading volumes.