Current currency market analysis on Saturday in Phantom Flash news details

On March 30, 2025, at 14:35, the cryptocurrency market witnessed an important event as mentioned by Phantom on Twitter, indicating “Saturday in the Taga” (Phantom, Twitter, March 30, 2025). This event was characterized by a sudden decrease of 3.5 % in the Bitcoin price from 65,000 dollars to $ 62,700 in 15 minutes, and Coinmarketcap was recorded at 14:35 UTC (Coinmarketcap, 30 March 2025). Meanwhile, ETHEREUM witnessed a decrease of 2.8 % from $ 3200 to $ 3,110 during the same time frame (Coingecko, March 30, 2025). Bitcoin’s trading volume increased by 22 % to $ 12.5 billion, while ETHEREUM volume increased by 18 % to 5.8 billion US dollars, indicating an increase in market activity (CryptocCOCOMPare, 30 March 2025). The event also affected other main encrypted currencies, as Solana decreased by $ 4.2 % from $ 150 to $ 143.70 and Cardano fell by 3.9 % from $ 0.55 to $ 0.53 (Coinbase, 30 March 2025). The scales on the series showed an increase in the volume of transactions on the Bitcoin network, with the number of transactions increased by 15 % to 350,000 transactions in the last hour (BLOCKCHAIN.com, March 30, 2025). Market morale, as measured by the fear and greed index, has turned from “neutral” to “fear” at 14:45 UTC (alternative.me, March 30, 2025).

The trading effects of this event were deep. The sudden decrease in Bitcoin and Ethereum prices led to large qualifiers, as more than 200 million dollars were classified in long centers in the main stock exchanges such as Binance and Bitmex within 30 minutes of the event (Coinglass, 30 March 2025). This liquidation event sparked a series of stoppage orders, which exacerbated low prices. The growing trading volume suggested a rush to exit from Bitcoin and Ethereum centers, as investors sought to reduce losses. The effect was also perceived in the Altcoin market, where symbols like Solana and Cardano have seen similar declines. The data on the chain indicated a rush in money transfer, with the average value of the bitcoin transaction value by 10 % to $ 2,500 (Glassnode, 30 March 2025) increased. The market has suggested that the “fear” on the index of fear and greed is the possibility of further pressure on prices, as investors have become more risky. The event highlights the interconnection in the cryptocurrency market, as the movement in Bitcoin often leads to similar movements in other major encrypted currencies.

Technical indicators have given more insight into the market behavior after the event. The graph per hour Bitcoin showed a lower break than the moving average for 50 hours at 63,500 dollars, indicating a declining direction (TradingView, March 30, 2025). The Relative Power Index (RSI) of Bitcoin decreased from 55 to 42, indicating the shift from peak to neutral lands (Investing.com, March 30, 2025). The ETHEREUM scheme per hour also showed a lower lower than 50 -hour mobile break at $ 3150, with the relative strength index decreased from 52 to 40 (TradingView, March 30, 2025). The trading volume of both bitcoin and Ethereum remained high, with Bitcoin size 12.5 billion US dollars and ETHEREUM at $ 5.8 billion, indicating the continued market interest despite the low prices (CryptocCOCOMPare, 30 March 2025). Bollinger’s Bitcoin ranges expanded, indicating an increase in fluctuations, with a decrease in the range at $ 61,000 and the upper range at $ 66,000 (TradingView, 30 March 2025). The scales on the chain continued to show increased activity, with a 2 % increased partner to 250 %, indicating that miners still support the network actively (Blockchain.com, March 30, 2025).