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Market Pumps on Bybit Solvency Update
Bybit confirms they’re fully solvent despite the hack loss and can cover it without affecting client assets. All funds remain 1:1 backed, according to https://x.com/benbybit/status/1892969284587966869. This reassurance has driven a market rally, easing concerns about potential fallout.
BYBIT OFFICIAL STATEMENT
> Our ETH multisig cold wallet made a transfer to our warm wallet about one hour ago. It appears that this specific transaction was compromised: all the signers saw a masked UI showing the correct address and a URL from safe, but the actual signing message changed the smart contract logic of our ETH cold wallet. As a result, the hacker gained control of this particular cold wallet and transferred all ETH to an unidentified address.
> Please rest assured that all other cold wallets remain secure, and withdrawals are operating normally. We will keep everyone updated as this situation develops. If any team can assist in tracking the stolen funds, we would greatly appreciate your help.
Important Reminder: This incident highlights the importance of verifying every transaction and signing message, even on trusted platforms. Bybit is actively investigating and working with partners to secure remaining assets and recover stolen funds. Stay tuned for further updates.
#BNX has a very strong breakout and with a previous high breaking too. Now you can look for the retest to happen and buy can be taken anticipating the new highs can formed.
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Here's the Analysis of #MOVE :
#MOVE flipped below the strong support zone, turning it into the strong resistance at $0.59 - $0.62. There's not clear support in the nearby till listing price. Only shorting looks good or wait for the price to flip over strong resistance.
#JUP dropped to the major support zone and as mentioned, and with a initial reaction taking it to the upside around 9%. The move is not enough and market can reverse anytime soon. Better to go breakeven and anticipate the short if closed below.
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Here's the Analysis of #BNX :
#BNX had a more than 5x pump in past days from the major support zone and flipped above the resistance taking it as support around $0.81 - $0.90. Price forming a small triangle formation and breakout is still pending. Take the setup after the strong candle closure.
Looking at transaction data from small Bitcoin wallets (those holding less than $10k), we can see they're moving significantly less Bitcoin compared to the 2021 peak period. This is particularly interesting because it's happening at a time when overall Bitcoin transaction volumes are higher and prices are at record levels. This pattern suggests that the current market momentum is being driven primarily by larger institutional investors and wealthy individuals, rather than the smaller retail traders who were more active in previous cycles.
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#BTC dropped hard nearly towards the drawn level of support, in the way price immediately reacted and can have a bullish structure formation. Now, market build ton of liquidity over the top side, so expected to price move up from here now.
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News This Week
#FOMC might come with the strong breakout in the market.
NOTE : All timings are in #EST
#US30 UPDATE :
#US30 also haven't really moved yet, also stuck in a consolidation between the both zones. Expecting a drop over all and a short term sells at 44,800 area.
Here's the Analysis of #JUP :
#JUP is been in a large consolidation range and Price already nearly got it reacted from the major support zone of $0.65 - $0.69 and once again, price is approaching towards the support for a potential bounce. Buys can taken along the way but only check the market sentiment at that time.
Bitcoin's influence in the digital asset space has grown significantly since November 2022. After the FTX collapse, Bitcoin's market dominance rose from 38% to 59%, showing investors increasingly prefer Bitcoin over other cryptocurrencies. This shift can be attributed to two main factors: the launch of US spot ETFs making Bitcoin more accessible to institutional investors, and Bitcoin's clear narrative as a scarce asset that can hedge against inflation of traditional currencies.
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Binance Will Delist AMB, CLV, STMX, VITE on 2025-02-24
https://www.binance.com/en/support/announcement/f3cc64a8758d4bb394e0830e5b31da97
#BTC gave an another weekly closing with wick both sides and nearly no body. Now this week we can look for the breakout by this week, and drop can be expected sooner and up move later on.
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#JWIF is BACK in the golden support zone! 🚀
Don’t miss the dip—BUY NOW before it skyrockets🚀
Bybit Official Update https://x.com/benbybit/status/1892965964909863315
- Hot wallet, warm wallet, and all other cold wallets remain secure.
- Only the ETH cold wallet was compromised.
- All withdrawals are functioning normally.
Bybit is actively investigating the incident and working with partners to secure remaining assets and recover stolen funds. Stay tuned for further updates.
Bitcoin's market environment keeps evolving with new regulations and products like ETFs. Looking at small investors (holding <10 BTC), we see a major change in behavior. While they used to buy heavily at market peaks in 2013 and 2017, they're now doing the opposite - buying during dips and selling during rallies. This suggests retail investors have become more sophisticated in their trading approach.
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#BTC slowing rising as per the expectation and at a resistance area again which could reject it down. Overall, we're expecting the price to reach out the $100,000 mark as reject it from there.
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Search interest data from Google Analytics provides additional evidence that retail interest in Bitcoin remains relatively subdued in the current cycle. Despite Bitcoin reaching higher prices and having more positive developments like ETF approvals, search volume hasn't matched the peak levels seen during the 2021 bull market. This aligns with our previous findings about lower retail participation and suggests that current market activity is being driven more by institutional rather than retail investors who typically contribute to higher search volumes during periods of widespread public interest.
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#BTC slowly climbing up after the H4 structure shift, and Daily trying to flip bullish. Still liquidity run yet to happen and might touch the $100,000 mark and a reaction. Nothing much to do need to see the some strong breaks.
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What Is a Wallet Score?
A Bayesian statistical modeling system that assigns daily scores to wallet addresses based on user activity across blockchain ecosystems, where higher wallet scores demonstrate a statistical relationship with increased market capitalization.
Core Technology & Methodology
Wallet Scores measure blockchain addresses across five dimensions: user activity, developer behavior, financial metrics, adoption, and community strength. Each category is assigned a specific weight based on its importance to a project’s overall health. The system uses 15 metrics within these categories, assigning points when addresses reach specific activity thresholds.
The scoring system uses Bayesian modeling to identify which behaviors drive ecosystem value. Rather than tracking total transactions or USD volume, it analyzes transaction patterns to measure meaningful engagement. The data shows that addresses creating value through diverse activities (staking, trading, governance) contribute more to ecosystem growth than those with high volume in a single activity type.
Scores are dynamically updated to reflect real-time changes in network activity, development progress, and market conditions. By combining these critical metrics into a transparent and data-driven model, Wallet Scores provide a clear, accurate snapshot of a project’s overall performance and health.
Currently, the system scores over 150 million addresses daily across 12 blockchain networks. By focusing on transaction counts rather than token prices or USD values, the scores remain consistent through market cycles.
Applications and Impact
Blockchain networks use Wallet Scores to:
- Identify and attract high-value users
- Optimize token distribution and rewards
- Benchmark against other chains
- Measure growth strategy effectiveness
Potential Impact on Web3 Adoption
Traditional Web3 metrics like total addresses or transaction volumes don't capture user quality or predict ecosystem growth. For blockchains and protocols, this scoring framework enables data-driven analysis of their user base. They can identify which users generate the most value, where user retention is strongest, and which on-chain activities correlate with long-term ecosystem health.
This quantitative approach helps protocols understand their competitive position. For example, a chain might have fewer total users than competitors but generate more value through higher-quality engagement. The data also reveals ecosystem weaknesses - showing where users drop off, which features aren't gaining traction, and where growth strategies need adjustment.
The broader impact on Web3 adoption comes through:
- More efficient resource allocation for user acquisition
- Better product development based on valuable user behavior
- Standardized metrics for ecosystem growth
- Targeted incentives that drive sustainable adoption
Potential Impact on Web3 Adoption
Wallet Scores can play a crucial role in driving Web3 adoption by providing clear, data-driven insights into the reliability, security, and usability of wallets—essential tools for interacting with decentralized ecosystems. As wallets serve as the gateway to Web3, enabling users to manage digital assets, engage with DeFi platforms, and participate in virtual economies, their performance directly impacts user trust and adoption. By evaluating wallets based on metrics like user activity, developer contributions, and community engagement, Wallet Scores help eliminate uncertainty for both newcomers and experienced users, guiding them toward trusted solutions. This transparency reduces friction, encourages safer participation, and builds confidence in Web3 tools, ultimately fostering broader adoption of decentralized technologies and digital ownership.
#GOLD UPDATE :
#GOLD formed sone strong zone for its support and resistance, now caught up in a range around the all time highs $2930's and support around $2875. Well, its still bullish and can have a breakout sooner targeting the $3000 mark. Price breaking it now and with the NY session open we can see a retest and up move or a drop.
Here's the Analysis of #EIGEN :
#EIGEN kept on printed the new lower low and, no bullish signs after the high printed on listing date. Price again forming a bearish engulfing pattern and can go dip lower towards the listing price, as there's no clear support in between areas. No buys only shorting can be done with the market conditions.
The current Bitcoin cycle shows an interesting pattern: despite reaching new price highs, there's less new money flowing in compared to previous cycles. While past cycles typically ended about a year after breaking all-time highs, this cycle is behaving differently since March 2024, suggesting a possible shift in how Bitcoin markets mature and evolve.
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#BTC still the same nothing much, and Daily Weekly is still surprisingly also undecided and need to see the price to get out of the range with the HTF breakout (Daily Weekly)
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What is #WAGMI ?
WAGMI stands for "We're All Gonna Make It." It's a phrase about positivity, optimism, and a collective belief in success.
What Does WAGMI Mean Crypto?
If you've spent any time on Crypto Twitter or Reddit, you've likely come across the term "WAGMI."
WAGMI stands for "We're All Gonna Make It." It's a phrase about positivity, optimism, and a collective belief in success. In the ever-volatile world of cryptocurrencies, where market swings can leave even the most seasoned traders feeling confused, WAGMI serves as a rallying cry – a shared mantra that reminds everyone to keep the faith and maintain their conviction.
The Origin of WAGMI
Interestingly enough, the origins of WAGMI are usually traced back to the late Aziz "Zyzz" Shavershian, a Russian-Australian bodybuilder. During one of his motivational speeches, Zyzz uttered the phrase "We are all going to make it," which quickly became a slogan within the bodybuilding community, inspiring individuals to push through their struggles and achieve their fitness goals.
His catchphrase took on a life of its own, transcending the boundaries of the bodybuilding world and eventually finding its way into the realm of investments – specifically, the subreddit community Wallstreetbets (WSB).
Known for their aggressive trading strategies, the WSB crowd embraced WAGMI as a mantra for navigating the unpredictable stock market.
From there, it was only a matter of time before WAGMI infiltrated the crypto space.
WAGMI in Crypto Communities
In the ever-evolving world of cryptocurrencies, where new projects, memecoins, and non-fungible tokens (NFTs) seem to emerge on a daily basis, WAGMI has become a unifying force – a shared belief that, despite the inherent risks and uncertainties, those who HODL will ultimately be rewarded for their conviction.
On platforms like Twitter, Reddit, and various Discord groups, you'll find crypto enthusiasts invoking WAGMI as a way to rally each other's spirits, celebrate market gains, and maintain a positive outlook even in the face of dips or downturns.
The Memecoin Trend and WAGMI
Perhaps nowhere has the WAGMI mentality been more evident than in memecoin communities – those cryptocurrencies that gained popularity primarily through internet memes and social media hype.
The Double-Edged Sword of WAGMI
While the WAGMI mentality can be a powerful source of motivation and unity, it's important to acknowledge that, like any ideology, it can also be misused or taken to extremes. In some cases, some influencers or project promoters may use WAGMI as a way to artificially inflate interest in a particular cryptocurrency or NFT that they're personally invested in, solely for the purpose of driving up prices and making a quick profit.
Additionally, there's a risk that some individuals may interpret WAGMI as a license to engage in blind optimism or reckless investment strategies, ignoring fundamental principles of risk management and due diligence
#DXY UPDATE :
#DXY had a dropped from the resistance and market had a small relief rally. This week we can expect the same and we can see a touch in $100,000 mark again.
🚀 $JWIF Pump Recap 🚀
Today's pump for $JWIF didn’t go as planned due to low volume, something we encountered for the first time. 📉 The outcome was far from our expectations, and it didn’t meet our high standards. 😞
Some members secured profits 💰, while others faced losses 😓—but we learn from every move! 🔥
We are now revamping our strategy 🛠 and ensuring that the next plan is bigger, better, and perfectly executed! ✅ Get ready, because our next move will be a game-changer 🎯, designed to help every member achieve massive profits! 💸💎
Stay tuned! 🚀📊
#JTO now moving in a bull flag pattern and kinda rejecting from the top of the resistance. Support now standing strong and eyes on the retest or the breakout as it might lead in strong up move in the prices.
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FOMO is coming and #JWIF’s about to explode AGAIN🚨🚀
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