Daily Crypto Signals: Bitcoin Targets $100,000, Ethereum Eyes $4,000 Breakout Amid Global Corporate Adoption
Bitcoin whale activity surged with $286 million in old coin movements while maintaining bullish technical indicators that could push BTC to
Quick overview
- Bitcoin whale activity surged with $286 million in old coin movements, indicating strong market interest and potential bullish momentum.
- World Liberty Financial launched a crypto lending platform backed by $3.4 billion in stablecoins, marking a significant step in decentralized finance.
- South Korea is set to lift its nine-year ban on corporate cryptocurrency investments, allowing businesses to allocate up to 5% of their equity capital to digital assets.
- Ethereum's market structure is improving, with healthy spot demand and a potential move towards the $4,000 mark as institutional interest grows.
Bitcoin BTC/USD whale activity surged with $286 million in old coin movements while maintaining bullish technical indicators that could push BTC toward $100,000, as Ethereum ETH/USD rebuilt futures positioning with healthy spot demand potentially setting up a move to $4,000. Meanwhile, Trump-linked World Liberty Financial launched a crypto lending platform with $3.4 billion in stablecoin backing, and South Korea moved to lift its nine-year ban on corporate cryptocurrency investment.
Crypto Market Developments
This week, the cryptocurrency market saw a lot of changes on many fronts, including progress in regulations, activity from institutions, and technical momentum. World Liberty Financial, a decentralized banking enterprise connected to President Donald Trump’s family, has officially joined the crypto lending market with its new platform, World Liberty Markets. Users can borrow and lend digital assets using the service, using Ethereum, tokenized Bitcoin, and key stablecoins like USDC and Tether as collateral. The platform is built around USD1, the company’s dollar-backed stablecoin. It is a big step forward for on-chain credit markets as regulatory clarity improves.
According to reports, South Korea’s Financial Services Commission is changing the rules to allow businesses to engage in cryptocurrencies after a nine-year ban. This could change how businesses get involved in digital assets. Companies on the stock market and professional investors will be able to put up to 5% of their equity capital into crypto assets. The final rules are expected to come out in January or February. The 2017 prohibition was put in place because of worries about money laundering, but now it has been lifted. This shows that institutions are becoming more accepting of cryptocurrencies in one of Asia’s most important crypto marketplaces.
The market also paid attention to an unexpected political event: the US Justice Department began a criminal investigation against Federal Reserve Chair Jerome Powell for his speech before Congress about repairs to the Fed headquarters. Powell called the investigation a response to the Fed’s independent interest rate decisions that went against President Trump’s wishes. However, crypto analysts from Bitunix said that the controversy could actually help Bitcoin by making it seem more valuable as a non-sovereign asset when central bank independence is questioned.
Bitcoin’s On-Chain Activity, Technical Indicators Turn Positive
Bitcoin (BTC) showed strength this week as on-chain data showed a lot of whale activity and technical indicators got better. Capriole Investments reported that the value of OG whale spent, which is Bitcoin that had been sitting still for more than seven years, increased to over $286 million on Saturday. This was the biggest increase in old coin activity since November 3, when similar movements about $570 million happened at the same time as a market downturn. However, observers thought that the recent activity was more about deliberate profit-taking than panic selling, especially since Glassnode statistics showed that the distribution of long-term holders had slowed down a lot from previously very high levels.
In support of the optimistic thesis, addresses that buy without selling added around 136,000 BTC in the first 11 days of January alone. Bitcoin’s five-day MACD turned bullish, which is a technical scenario that hasn’t been seen since the bottom of the bear market in 2022, when it led to a rally of more than 430%. Aggregated liquidity data demonstrates that buyers are in charge because there is more bid-side liquidity than ask-side liquidity in both spot and futures markets.
Traders said that Bitcoin has been falling 5% on average below the 14th weekly open candle for seven months in a row. This could bring the price down to $86,000 to $87,000. However, the overall structure suggests that Bitcoin could rise to the $100,000 psychological level if demand stays strong and passive bids around $89,000 are filled.
Ethereum Getting Ready to Break Past $4,000?
The market structure for Ethereum got a lot better as futures and spot data showed that the second-largest cryptocurrency was becoming more positive. Even though ETH is still trading about 27% below its initial price on October 10, the total open interest for Ether futures has rebounded to levels recorded before the asset’s 38% drop in value in Q4 2024. Ether’s projected leverage ratio dropped to 0.67 on Sunday from an all-time high of 0.79 on January 2, even while open interest was climbing. The falling leverage ratio showed that the posture was healthier and there was less risk of cascade liquidations. The long/short accounts ratio, which stayed close to 2.66, showed bullish sentiment without any evidence of overheated positioning.
The current rally had several very positive signs, mostly because of the rising spot cumulative volume delta instead of the futures CVD. This shows that there was real net purchasing in the spot markets instead of speculation based on leverage. Onchain statistics backed up the growing belief of institutions, with BitMine staking 110,000 ETH worth $340 million on Monday. This brought the total for the last three weeks to about $3.7 billion. At a yield of 2.8%, this brings in around $95 million in ETH each year for the business.
Technical analysts said that Ethereum has turned key weekly resistance into support and set a strong higher low after last year’s meltdown. The Russell 2000 index, which has historically led ETH price movements, just achieved a new all-time high of 2,664. This suggests that the market is ready for Ethereum to reach the important $4,000 barrier in the next few weeks.
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