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The recent crypto market volatility shows that no bull run is linear. While some may have been rattled by Bitcoin’s >20% drawdown to $78K last week, historical cycles show that such corrections are par for the course. Looking back at $BTC’s 2017 and 2021 bull runs, multiple pullbacks of 25% or more occurred before new highs were reached. This time, however, macro forces and regulatory uncertainties add an extra layer of complexity. ◢ Market Resilience Amid Bybit’s Hack & Broader Sell-Off Despite the backdrop of Bybit’s security breach, which saw an estimated $25M drained from user accounts, the market remained relatively resilient. In past cycles, major exchange hacks (such as Mt. Gox in 2014 or Binance’s $40M $BTC hack in 2019) led to prolonged periods of uncertainty. This time, the rapid recovery suggests that market structure has evolved, with deeper liquidity, better risk management, and a more mature investor base. However, the real test of resilience came from Bitcoin’s sharp correction. The drop below $80K wiped out excessive leverage, evidenced by over $800M in liquidations across long positions. These shakeouts are necessary to reset market positioning and reduce the frothiness that had been building up. Open interest in $BTC futures dropped significantly, signaling a cooling-off period, but funding rates have stabilized, suggesting that speculative excess has been flushed out, maybe for now. ◢ Trump’s “US Crypto Strategic Reserve” Over the weekend, the market got a lifeline of optimism after Trump’s unexpected announcement to establish a "Crypto Strategic Reserve" featuring $BTC, $ETH, $SOL, $XRP, and $ADA. The News initially sparked a short-lived rally, but prices have since retraced, with $BTC, $ETH, and $SOL returning to pre-announcement levels. The lack of clarity on why these assets were chosen or what the reserve's purpose is kinda fishy tho. Like, why did they include $XRP and $ADA, and leave out other major players like $BNB or $TRON? While regulatory clarity and political support could be long-term catalysts, traders should be more focused on near-term price action. Market’s failure to sustain gains post-announcement highlights a key theme: bullish news isn’t enough to sustain momentum if macro headwinds and liquidity conditions don’t support it. ◢ Key Levels & Macro Catalysts To Watch With $BTC still hovering below key resistance levels, what comes next? > Short-term $BTC needs to reclaim $85K-$90K to re-establish momentum, with $80K as strong support. Funding rates remain neutral, suggesting neither excessive bullish nor bearish positioning. > Macro Forces The upcoming FOMC meeting and CPI print will be crucial in determining risk appetite. If inflation remains sticky, rate-cut expectations may shift, impacting liquidity flows into crypto. > ETF Flows Spot Bitcoin ETF inflows have slowed, with outflows from GBTC offsetting demand. However, if institutional buying picks up, it could provide a strong bid for $BTC. ✍️ My Take For now, the focus should be on whether $BTC can reclaim key levels and whether institutional flows return in strength. While short-term volatility is inevitable, the long-term bull case remains intact, so long as the structural demand drivers (ETF flows, institutional adoption, and macro trends) continue to evolve in crypto’s favor.

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President Donald Trump sparked a crypto firestorm on Sunday after his posts on the Truth Social platform referenced a U.S. crypto reserve for the world’s biggest economy. Trump announced XRP, Solana (SOL), and Cardano (ADA) as cryptocurrencies to be included in the crypto reserve, a strategic initiative aimed at positioning the US as a global leader in digital assets, sparking a sharp rally in these tokens’ prices. After initially naming only these three assets, the President later added Bitcoin (BTC) and Ethereum (ETH) to the list of assets composing the reserve — and has been mulling the idea of a strategic crypto reserve since his 2024 presidential campaign. Renowned financial commentator Peter Schiff specifically questioned the inclusion of XRP in the crypto reserve while acknowledging the rationale behind including BTC. Bitcoin Is “Digital Gold”: Schiff Popular gold bug Peter Schiff has admitted he gets the rationale behind a Bitcoin reserve since the world’s largest crypto is usually considered a digital version of gold. “Bitcoin is digital gold, which is better than analog gold. So let’s create a Bitcoin reserve too,” the gold bug surprisingly admitted. However, Schiff is puzzled by the inclusion of XRP in the reserve. “But what’s the rationale for an XRP reserve? Why the hell would we need that?” Schiff quizzed. Bitcoiners were quick to concur with Schiff even though he is a notorious crypto skeptic, arguing for a Bitcoin-only approach rather than incorporating what some term as “shitcoins.” “This is exactly correct. The only cryptocurrency it makes sense for the government to hold long-term is Bitcoin. Will XRP even be here in 10 years? Who knows?” one onlooker said on X. Charles Hoskinson Defends XRP Meanwhile, Charles Hoskinson, creator of Cardano — another altcoin included in the crypto reserve — came to XRP’s defense, stating that it is a “great technology” and a “global standard”. Hoskinson also noted that XRP has survived for a decade with “one of the strongest communities.” “I think the president made the right decision,” he quipped. Notably, Hoskinson has previously found himself embroiled in a heated clash with members of the XRP community. In late 2022, he labeled the XRP community as “toxic and petty”, adding that the payments-focused token “provides no partnership or technical value.” However, the Cardano founder has made surprising moves in recent months to mend ties with XRP adherents. Ripple CTO David Schwartz was in disbelief after Hoskinson recently heaped praises on XRP, even questioning whether he was dreaming. Hoskinson responded: “No, I just appreciate your work after spending some time with the code and protocol for the Glacier Drop.”

The post HBAR Price Explodes After ETF Filing, 50% Rally Loading? appeared first on Coinpedia Fintech News Despite massive price drops across the crypto market, HBAR, the native token of Hedera, is making waves with its impressive price performance. Today, March 4, 2025, the asset has soared over 10% in the past 24 hours and is currently trading near $0.24, seemingly reclaiming its crucial support level of $0.25. Why is HBAR Price Rising? The potential reason behind HBAR’s impressive price rally is the recent Spot Exchange-Traded Fund (ETF) filing by the asset management giant Grayscale. Additionally, Nasdaq assisted the asset manager with the filing process. HBAR Sees $12 Million in Exchange Outflows With the filing, investors and long-term holders have shown strong interest, as reported by the on-chain analytics firm Coinglass. Data from the spot inflow/outflow revealed that exchanges have witnessed an outflow of over $12 million worth of HBAR in the past 24 hours. This substantial outflow from exchanges has the potential to create buying pressure and fuel an upside rally, which explains today’s HBAR gains. Source: Coinglass In addition to investors’ bullish outlook, intraday traders seem strongly positioned on the bullish side. Major Liquidation Levels At press time, the major liquidation levels are at $0.22 on the lower side and $0.246 on the upper side, with traders over-leveraged at these levels. Data further revealed that traders betting on the bullish side have built $7.50 million worth of long positions at the $0.22 level, whereas $3.85 million in short positions have been placed at the $0.246 level. Source: Coinglass These liquidation levels and over-leveraged positions by traders show that bulls are currently dominating and could support the asset’s upcoming upside momentum. HBAR Price Action and Upcoming Level With today’s gain, HBAR seems to be regaining its crucial support level of $0.25, which it lost during the recent price decline. According to expert technical analysis, HBAR is reclaiming this key level. Based on recent price action and historical momentum, if the asset successfully reclaims the $0.25 level, there is a strong possibility it could soar by 50% to reach $0.38 in the coming days. Source: Trading View Despite ongoing market uncertainty, HBAR has maintained itself above the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating that the asset is in an uptrend.

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