
Bitcoin update 24.03.25 - 30.01.25:
HTF:
We closed another weekly candle in no man's land, still below the 89K SL. At this level, there’s nothing solid to trade on HTF until we either push for new ATHs or drop to the 72K level. Patience is key here—either focus on other timeframes or shift to different assets entirely.
Expanding into other markets also helps ease the constant pressure of always wanting to find a trade in crypto.
MTF/LTF:
A lot more is happening here—nice levels to trade around. While we’re still in a downtrend, we’re slowly forming HHs. The key swing highs are still quite far away, but we might be spotting early signs of a trend shift. Of course, targeting ATHs wouldn’t be wise until these HTF SHs are broken, but we can still look for long setups and trail them properly. This allows us to gain exposure while ensuring we lock in profits along the way.
Sentiment/Orderflow:
While crypto-related news remains highly bullish, TradFi seems gripped by deep fear, creating a mixed sentiment overall. The best approach here is to focus on MS and base our next moves accordingly—sentiment and news should only serve as secondary confluence, while MS takes priority.
As mentioned earlier, we’re starting to form HHs below HTF, which gives me a reason to look for local longs. However, this doesn’t rule out the possibility of further downside, including a potential move toward the 72K level, which remains the most significant level on BTC.
Order flow clearly reflects the current mixed sentiment. Traders are quick to short the lows and long the highs, showing a lack of conviction. Many seem confused and desperate, reacting rather than planning.
Outlook:
With BVOL still in supply and BVOL24H at support, something big is about to happen. The key is to be prepared for every outcome.
As you all know, I’ve already allocated significant funds at HTF key levels while keeping some dry powder in case we reach lower key levels. This ensures I won’t miss a potential rally from here while maintaining the flexibility to react.
I’m also actively looking for LTF/MTF long and short setups. Once these trades move into profit, they pay me already and become risk-free. This strategy keeps me exposed in every direction with the potential to trail them way higher or lower—exactly how I want to be positioned as trader.
Have a great week ahead you all. ✌️
Bitcoin’s NFT and Layer 2 Dreams Just Met a Harsh Reality
Last year, some dreamed of perverting Bitcoin with flashy NFTs, magical layers 2, and convoluted re-staking. Purists were outraged, arguing that BTC should be left alone. Should we have waited? Clearly yes: today, these crypto whims are almost extinguished. While the fires of innovation crackled, the hype has subsided. But what remains of these promises now vanished?
In the crypto universe, certain concepts have a habit of dancing and then taking their bow. Such is the case of Ordinals, these Bitcoin NFTs that made wallets vibrate. In 2024, their volume reached 1.4 billion dollars. In 2025? Barely 280 million. A free fall of 80%.
The same fate for Bitcoin’s layers 2: at the beginning of 2024, more than 80 projects tried to charm investors and the media. Six months later, the soufflé has collapsed. “It was overestimated from the start,” confides Charlie Hu, co-founder of Bitlayer.
Also lagging behind: re-staking, this clumsy innovation now reduced to two or three survivors. Muneeb Ali, founder of Stacks, drives the nail home : “the honeymoon is over.”
Crypto entrepreneurs are starting to speak the truth. Too late?
Has the crypto market become allergic to its own excesses?
However, amidst the debris of hype, one idea seems to hold its ground: Bitcoin DeFi. Some envision it as a more solid alternative, less flashy. Dominik Harz (Build on Bitcoin) states it bluntly :
The Bitcoin DeFi has not yet taken off.
To date, 0.3% of Bitcoin’s market cap fuels DeFi uses, compared to 30% for Ethereum. A chasm of x100.
But the foundations are there. Thanks to technologies like zkBTC, transactions are becoming ultra-fast, low-cost, and programmable. The future? Perhaps in the fusion between the Bitcoin blockchain and the agility of DeFi.
Some, like @SamaAlbert90, already speak of a “new financial era“.
The prediction of the BitcoinOS CEO? A DeFi ecosystem on Bitcoin valued at $10 billion if Ethereum stumbles. And why not? If layers 2 become performance-serving architectural tools, investments could follow.
Is the flagship crypto ready to become a base for sustainable financial innovations?
The cold war continues between Bitcoin and Ethereum, each camp holding onto its ambitions. Ethereum is preparing its “Hoodi” update , crucial for its scalability. If it fails, Bitcoin could scoop the pot. It would be a turning point. With its new technical layers (zkRollups, EVM compatible), Bitcoin offers attractive solutions.
Maxwell Sanchez (Hemi Labs) reminds us that copying and pasting Ethereum’s tech is not enough: “It must adapt to the very core of Bitcoin.” Translation: there’s no need to force a square into a round hole. The Bitcoin network must grow in its own way.
On Ethereum’s side, the pressure is high. Every major update is a risky promise. The complexity of “Hoodi” could create more problems than solutions. Meanwhile, Bitcoin is refining its vision, developing its layer 2 protocols, and waiting for its rival’s misstep.
Who will win the duel of the titans in the crypto market? The one who convinces developers, users, and investors over the long term. And you, who are you betting on?
Despite their apparent discredit, Bitcoin’s layers 2 could very well explode . A recent report from the Spartan Group discusses their explosive potential in the medium term… to be continued.
Digital Dollar Project Remarks Modernization Is Necessary to Preserve Dollar’s Status
The Digital Dollar Project, a non-neutral, non-profit forum focused on exploring digital innovation in money and future-proofing the U.S. dollar, has called for the modernization of the networks surrounding the currency to preserve its current status.
In its recently published white paper, the project remarks that while the dollar is still peerless in its role, it moves on top of technology reaching obsolescence in an increasingly digital world.
The organization envisions a future when not one, but many dollar-linked digital alternatives combine to keep the dollar relevant both in retail transactions as well as in international trade settlements. Among these are tokenized deposits, stablecoins, foreign CBDCs, and centralized and decentralized digital assets, with each serving different use cases in a better way.
Note that the project does not promote a dollar the establishment of a Central Bank Digital Currency (CBDC) in the U.S., as it has been rejected by the current administration in the “Strengthening American Leadership In Digital Financial Technology” executive order.
The document, issued in January, states that the Trump administration will be “taking measures to protect Americans from the risks of Central Bank Digital Currencies, which threaten the stability of the financial system.”
Read more: Trump’s Executive Order Rejects CBDCs, Considers Crypto Reserves, and Aims to Revamp Regulations
Cristopher Giancarlo, former chairman of the United States Commodity Futures Trading Commission (CFTC) and co-founder of the Digital Dollar Project, highlighted the dollar’s obsolescence problem as new instruments rise. “Examination and exploration of US dollar modernization is critical to America’s ability to compete in the global economy of the digitally networked twenty-first century,” he assessed.
The project also calls to re-assess all the impediments that surround today’s use of the dollar, reasserting “the values of freedom of movement – free from undue surveillance, censorship, and control whether by governments, banks or technology platforms.”
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