Bitcoin (BTC) witnessed a sharp decline below $90,000 yesterday, sparking 
concerns about its near-term stability. However, the cryptocurrency has since 
rebounded, trading back above $96,000 at the time of writing. This rapid 
recovery has drawn the attention of market analysts who are examining the 
underlying trends driving Bitcoin’s price movements. Related Reading: Rebound 
Alert: US Bitcoin ETF Interest Picks Up Speed In 2025 Is Bitcoin&#8217;s Surge Above 
$96k A Stop Hunt? A CryptoQuant contributor, Mignolet, shared an analysis 
highlighting the recent price dynamics. According to the analyst, the recent 
drop in BTC to $89,000 and the current recovery was triggered by the breaking 
of a key short-term support level. Mignolet revealed that this pattern, 
referred to as &#8220;stop hunting,&#8221; occurs when price movements break support 
levels temporarily before recovering. Despite the recovery, Mignolet 
emphasizes that a true trend reversal would require stronger involvement from 
key market participants. Mignolet’s analysis points to significant selling 
activity among whale entities, as observed in Coinbase Premium Gap (CPG) data. 
Typically, buying whales step in to absorb such dips, creating notable market 
volatility. However, this time, such activity was absent, raising questions 
about the sustainability of the ongoing rebound. Additionally, Binance’s 
market-buy ratio data suggests that large-scale buyers on the exchange have 
not capitalized on the recent price movement, indicating cautious sentiment 
among key players. Further evidence disclosed by Mignolet comes from the 
exchange-traded fund (ETF) daily inflow and outflow data, which is yet to 
confirm any major shifts in market dynamics. While the daily candle pattern 
suggests a meaningful move, the lack of participation from whales could limit 
Bitcoin’s ability to sustain a long-term reversal. Mignolet also warned that 
market sentiment might shift too quickly to optimism without clear supporting 
data. The analyst noted: While the candle pattern signifies a meaningful move, 
the major players are not capitalizing on the opportunity. What concerns me 
more is that many people&#8217;s sentiment may quickly shift to a sense of relief 
too soon. Bitcoin Market Performance After seeing a notable plunge in price 
yesterday dropping below $90,000 and triggering a total liquidation of over 
$300 million in the crypto market, Bitcoin is finally seeing a noticeable 
reversal in its bearish trend. Particularly, over the past day, Bitcoin has 
increased by 5.6% bringing its price to trade at $96,351, at the time of 
writing. However, despite this increase, the asset is still roughly a 10.8% 
decrease away from its peak above $108,000 recorded last month. While 
Mignolet&#8217;s analysis suggested that Bitcoin bearishness might not be over yet, 
it is worth noting that the asset&#8217;s current recovery coincides with reduced 
selling activity from long-term holders. Related Reading: Could Bitcoin Hit 
Its Peak In Summer 2025? Analysts Weigh In In a separate analysis, CryptoQuant 
contributor Darkfost revealed that the net position change of long-term 
holders (LTHs) over the past 30 days remains negative but shows signs of 
improvement. From a low of -827,000 BTC on December 5, the figure has improved 
to -246,000 BTC. This reduction in selling pressure suggests that LTHs are 
less inclined to sell at current price levels as Bitcoin’s price declines. 
However, Darkfost noted that for bullish momentum to regain strength, LTHs 
would need to shift toward accumulation rather than reducing sales. Featured 
image created with DALL-E, Chart from TradingView

Bitcoin Sharp Rebound Above $95K: Stop Hunting or Trend Reversal?

Options trading platform Deribit has reportedly drawn interest from potential 
buyers and is working with FT Partners to explore strategic opportunities, 
Bloomberg News reported on Jan. 14, citing sources familiar with the matter. 
The platform has seen a meteoric rise in trading activity, with its total 
trading volume nearly doubling to $1.2 trillion in 2024. […]
The post Options platform Deribit attracts potential buyers amid crypto M&amp;A 
boom appeared first on CryptoSlate.

Options platform Deribit attracts potential buyers amid crypto M&A boom

The adoption and use of USDC, a widely used stablecoin issued by Circle, saw 
substantial growth in 2024, as highlighted in the company’s latest report. 
USDC Economy Sees Rapid Growth Amid Regulatory Advances In its report, Circle 
attributed this momentum to advancements in blockchain infrastructure, 
expanded regulatory clarity, and increasing global demand for efficient 
payment […]

Circle Reports $18 Trillion in Lifetime USDC Transactions

The SEC sued Elon Musk alleging he violated US securities laws by failing to 
timely disclose that he owned over 5% of Twitter’s stock in early 2022.

SEC sues Elon Musk claiming disclosure failures with Twitter stock

The lawsuit could impact regulatory scrutiny on high-profile acquisitions, 
potentially influencing future corporate disclosure practices.
The post SEC files lawsuit against Elon Musk for securities violation appeared 
first on Crypto Briefing.

Cryptocurrency price in PLN