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Market Insight
Weekly Market Update - 27 January 2025

Crypto Market

 

Crypto

BTC

ETH

Weekly High

$ 108,228

$ 3,406

Weekly Low

$ 100,383

$ 3,140


BTC and ETH Market Insight

 

The market experienced fluctuations, with AI and meme coins losing traction. Meanwhile, DeFi and RWA protocols gained strength, possibly due to regulatory changes. Capital inflows into Bitcoin remain positive, but have decreased in magnitude since initially reaching $100k. Short-Term Holder spending activity has contracted significantly in recent weeks, causing a sharp decline in sell-side risk. This often indicates that investors have completed their planned profit and loss-taking events. The underperformance of ETH's price has led many participants to conflate its market value with the underlying development progress.

 

Upcoming Macro Calendar – Source: Trading Economics

Options Market

 

The implied volatility rose at peak ahead of the much-anticipated inauguration of Trump and then crashed as expected. The realised volatility, on the other hand, was performing well as the market was range-bound between 100k to 110k. The volatility carry flipped to around -20 points for both BTC and ETH. With the FOMCand the Chinese New Year coming up next week, the market pricing is pointing towards a less volatile market. Skew towards OTM calls remained strong across the term structure.. BTC-110k call traded with good volume as traders eye for  a new ATH.

 

 

Altcoins and Blockchain News

 

  • According to Imk.fun monitoring, the Trump encrypted project World Liberty Financial currently holds virtual currency worth about $3.88 billion, with ETH accounting for $1.85 billion.

  • According to The Street, Eric Trump, son of former President Trump, recently confirmed that domestic U.S. encrypted projects such as XRP and HBAR will enjoy zero capital gains tax in the future, while non-U.S. projects will face a 30% tax rate.

  • Virtuals Protocol announced on the X platform that it will expand to Solana. Virtuals Protocol is launching the Meteora pool on Solana for strategic SOL reserves, converting 1% of transaction fees into SOL.

  • Rollup platform Radius has completed a $7 million seed round of financing with Pantera Capital leading the investment.

  • Cryptocurrency trading software developer SignalPlus has completed a $11 million Series B financing round with AppWorks and OKX Ventures leading, and Avenir Group and HashKey participating.

  • TRON founder and HTX Global Advisory Committee member Justin Sun announced on social media that USDD 2.0 has officially launched. The staking activity will also officially begin on February 1, 2025, with an APY of 20%.

  • U.S. Senator Cynthia Lummis has been appointed as the chair of the U.S. Senate Banking Subcommittee on Digital Assets.

  • On January 25th, according to DefiLlama data, Solana's 24-hour on-chain trading volume surged, surpassing the total of all other blockchains, with a market share of 50.07%.

Macro

The major indices continued the rally for the week: the DJIA added +2.2%, the S&P 500 +1.7%, and the Nasdaq +1.7%. Chinese equities also finished the week with slight gains before the Chinese New Year: the Shanghai Composite Index added +0.33%, the CSI 300 +0.54% and the Hang Seng index +2.46%.

 

 

 

 

 

 

 

 

Disclaimer

 

 

 

 

 

 

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