Nov '24 to Nov '25 bull run in line with the power law biasUpdated long-term view with a nov 24 to nov 25 run in line with the power law bias
TOTAL trade ideas
TOTAL1 🔍 TOTAL Market Cap (Crypto) Analysis: Weekly Timeframe 📉
The TOTAL Crypto Market Cap chart on a weekly timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view.
• BUY DATE - September 30, 2024 - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating crypto assets or entering long positions.
• SELL DATE - October 25, 2024 - Red Line: This time marks a potential local peak, signaling a possible moment to reduce exposure or take profits.
• BUY DATE - December 7, 2026 - Green Line: Another potential local low, suggesting a favorable time to enter long positions.
When working with this weekly timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few days. All times are based on UTC-7 (Los Angeles).
Total crypto market cap x global m2 liquidityindicate every four years global liquidity cycle,how the crypto currency move and how world money supply move
Total Index Analysis by Mallicast Team:The Total index, which represents the overall liquidity in the cryptocurrency market, has a significant impact on Bitcoin's price, as a large portion of this liquidity is attributed to Bitcoin. Changes in this index can be very helpful in analyzing Bitcoin's price movements. The Mallicast analytical team, using available data and technical analysis, predicts that the Total index may soon undergo significant changes. As illustrated in the provided image, the anticipated trend could play a crucial role in determining Bitcoin's direction. Therefore, investors and traders should closely monitor changes in this index to make the best trading decisions.
TOTAL -500 billionIt is about reading the price pattern and the result of the indicators
I will only share with you what the result of the analysis shows.
This could be wrong. MD
Totalcrypmarcap x USM2Indecator of global liquetity and movement of crypto currency cycla every four years
Total Market Cap Monthly Timeframe OverviewThis chart is for the total market cap chart on monthly timeframe. as we can see, August monthly candle closed below the range, which increase the likelihood of further decline.
MARKETS week ahead: September 1 – 7Last week in the news
The PCE data were the ones to shape investors confidence during the previous week. Data on inflation, personal income and personal spending showed some potential for both rate cuts, and also continuation of high corporate earnings. The US equity markets benefited the most from such market expectations, with S&P 500 surging by 1%, ending the week at 5.648 points. The US Dollar gained in strength during the week, however, the price of gold was not in a mood to follow the negative correlation, ending the month at the level of $2.503. Treasury yields are correcting in line with investors expectation, closing the week on a higher grounds of 3.9%. The crypto market was left aside during the week, with BTC dropping below the $60K.
The Personal Consumption Expenditures Price Index is one of the favorite Fed's inflation gauges, which is why the indicator is closely watched by market participants. Posted data are showing further drop of index in July to the level of 2.5%, y/y which was lower from forecasted 2.6%. The same was with core PCE data, where the indicator reached 2.6%, while the market was expecting to see a figure of 2.7% y/y. For the same period, personal spending was increased by 0.5% for the month, while personal income was higher by 0.3% on a monthly basis. Increased spending was something that caught the eye of both investors and analysts, who are now correcting their GDP growth expectations for the US for this year, but also expecting for corporate earnings to continue their uptrend also during the third quarter.
Last week, the news covered the topic of a potential further rate hike by the Bank of Japan. Although the majority of analysts are of the opinion that BoJ will not hike interest rates in October, there is some consensus that the year 2025 might certainly bring another increase of interest rates as inflation is picking up in Japan. This question represents a relevant topic considering that there is still a significant outstanding amount of carry trades, which ended up in the US equity and crypto markets.
Since recently there has been a huge discussion among market participants over the sale of Apple stocks held by Berkshire Hathaway, while the recent filings are showing that Warren Buffet is also selling shares of Bank of America. BoFA was the third largest stock in Berkshire's portfolio, but was gradually decreased. There is no further explanation from the company on such a move. Analysts are noting that Berkshire continues to stock cash, which currently is at a record high of $227 billion.
Since last week, Elon Musk's platform X has been officially suspended in Brazil. The Brazilian Court brought up such a decision after X failed to appoint the official court representative. The court case is investigating the involvement of the platform in spreading misinformation during the government of the former Brazilian President Bolsonaro.
As Cointelegraph is reporting, the selling pressure on BTC might continue through another settlement tranche of failed crypto exchanger Mt. Gox, which is due in September. As noted, Mt. Gox will distribute another 46.000 BTCs with current market value of $2.7B.
Crypto market cap
The optimism on the crypto markets was put on hold during the previous week. Markets were more focused on inflation data, through posted PCE, a Fed's favorite gauge. On the other hand were analysts and investors who perceived increased consumer spending in the US as a positive sign that Q3 corporate earnings might follow the path of previous quarters. Another information should not be overlooked, which is the expectation that another tranche of distribution of BTCs by failed crypto exchanger Mt. Gox might put additional pressure on BTC in September. This combination led to the week in red for the crypto market. Total crypto market capitalization decreased by 9% on a weekly basis, erasing $195B from the market value. Almost all coins finished the week in red. Interestingly, daily trading volumes decreased compared to the week before, from $160B to $103B on a daily basis. Total crypto market capitalization increase from the end of the previous year currently stands at $ 394B, which represents a 24% surge from the beginning of this year.
Almost all coins were traded lower during the previous week. In nominal terms, BTC lost the most from all other coins, losing $105.5B in value or 8.3%. ETH took the second place with a drop in value of $34.3B or 10.2%. BNB was another coin with a significant drop in market cap of $8.2B or 9.5%. Market favorite Solana was among significant weekly losers of $12B, which represents 16% for this coin. Drop of more than $ 1B includes coins like Polygon, which was down by 27.3%, Polkadot dropped by 16.4%, ADA was traded lower by 13.6%, DOGE dropped by 11.2%. Among higher weekly losers in relative terms were ZCash with a drop of 25.3%, Maker was down by almost 20%, OMG Network dropped by 21.6%. The majority of other coins lost somewhere between 10% and 20%.
In line with a drop in value, there have been movements when coins in circulation are in question. Filecoin added 0.3% of new coins to the market. Polkadot and Polygon increased the number of circulating coins by 0.2% w/w, while this week EOS added 0.4% more coins. Tether increased the number of circulating coins by 0.3% and also increased its market cap by this percentage.
Crypto futures market
In line with the spot market, the crypto futures were also traded lower. BTC futures ended the week lower by around 7.9% for all maturities. Futures maturing in December this year ended the week at the level of $60.890, while those maturing in December 2025 closed the week at $66.905. The futures dropped below $70K for one more time during the month.
Similar situation is also with ETH futures. Short term ones were traded lower by more than 9%, while the long term ones dropped by 8.9%. Futures maturing in December this year ended the week at the level of $2.577, and those maturing a year later were last traded at $2.773, for one more time below the $3K level.
TOTAL and where the bottom is.TOTAL (timeframe 3 months).
Before each bull market we had 3 red candles for 3 months, the current candle ends in October and the next one will be in January
So far the 2 previous cycles have worked out, interestingly the timings are very much the same.
Crypto Total Market Cap to Surge to $5.987T by 2029!Using the Elliott Wave theory, Fibonacci retracement, and the ABCD pattern, I’m projecting a significant rise in the total crypto market cap over the coming years, potentially reaching $5.987 trillion by 2029.
We are currently in the early stages of a new impulse wave (Wave 3) after completing a corrective phase (Wave 2). The first target (TP1) is set at $3.967T, supported by the 1.618 Fibonacci extension level. If the market reaches this target, a subsequent wave (Wave 5) could push the total market cap up to $9.983T, aligned with the 2.618 Fibonacci extension level.
The ABCD pattern further confirms these projections, reinforcing the potential for a strong upward movement.
While the market remains dynamic, this analysis provides a promising outlook for the long-term growth of the crypto space. Stay tuned and secure your positions! 🛡️📈
CRYPTO MARKET CRASH COMING THE WEEK OF SEPT. 9TH - 15TH.I believe there is a massive crash coming for the crypto markets during the week of September 9th through the 15th. Don’t ask how I came up with this prediction; it’s too complex to get into. I don’t know if the drop will be a massive red candle in a single day or if it will be a multi-day process to achieve these lows, but I’m predicting that the minimum price drop will be 33%, to 50% in most cryptos (less than two weeks away).
This may be the 'Black Swan' that we have been waiting for, and for some, this will be the scariest moment in crypto. For others, it will be the buying opportunity of a lifetime.
Key takeaways from this prediction:
- The overall crypto market will drop sometime between Sept. 9th through the 15th.
- Price drop will be between 33% and 50% in a 7 day timeframe.
- Drop may be quick, as in a single day, or it may be a process that takes the full week.
Keep some cash on the sidelines to purchase physical coins to add to your long-term crypto stack. This buying opportunity may last only hours, days or could extend to the full week; only time will tell.
Let the countdown begin. And yes, I know this is a bold prediction, but I wouldn’t be sharing it if I didn’t believe it was actually going to happen, and yes, I may be wrong.
Good luck!
Crypto TOTAL Market cap on the verge of a correctionThe crypto market just had a decent recovery from its latest crash on Black Monday. Now, it seems we can expect another low based on the market structure and technical analysis.
Historically, September has often been a red month for markets. What I expect is a quick flash in the market before it goes up to make new highs, starting the main bull market we've all been waiting for.
This correction to $1.5T will provide the liquidity and fuel for strong bullish momentum toward the main target of $6-7T in the TOTAL Crypto Market Cap IMO. DYOR
$TOTAL Trump Pump Gets Wiped Out By New Indictment The Trump Pump gets wiped out by the Democrats' relentless legal pursuit to take him out of the race with today's new indictment against him.
If Crypto CRYPTOCAP:TOTAL Market Cap does not hold the .236 fib, we will revisit the 1.8T range. That would be another 10% down from here.
Next critical support would be 1.479T, which would be a 20% sell-off.
I very well see this being a possibility to have one last real shake-out before rate cuts September 18th.
Crypto Market About To Explode Conventional Technical Analysis Wisdom Suggests That Markets Rarely Move In Straight Lines, Instead Exhibiting Complex Patterns Like Higher Highs And Higher Lows (Uptrend), Lower Highs And Lower Lows (Downtrend), Consolidations (Sideways Movement), And Breakouts (Sudden Price Movements). Your Observation About The Altcoin Market Cap Chart Is Insightful, Noting The Consolidation From April To October Last Year Led To A Breakout And Significant Gains. Similarly, The Current Descending Broadening Wedge Pattern Is Comparable To A Bullish Pennant, Indicating A Potential Breakout Soon. If Successful, This Breakout Could Propel The Entire Altcoin Market Towards New All-Time Highs
MARKETS week ahead: August 26 – 31Last week in the news
“The time has come for policy to adjust” were the words of Fed Chair Powell which marked the previous week impacting strongly market sentiment. Almost all markets reacted positively to a potential Feds pivoting point, with S&P 500 gaining 1,45% for the week and nearing its all time highest level from July this year. The US Dollar continued to lose strength, supporting the price of gold, which gained 1% during the week, ending it with a new ATH at the level of $2.530. In a quest for riskier assets, the crypto market also gained, with BTC reaching levels modestly below the $ 65K resistance line. The 10Y US Treasuries dropped to the level of 3,79% as of the end of the week.
The main event during the previous week was a Wyoming Jackson Hole Symposium, where Fed Chair Powell held a speech. Each year this event is closely watched by markets in order to get a glimpse of potential future policy moves. This year's symposium was especially important, as Fed Chair Powell for the first time used the wording “the time has come for policy to adjust”, as inflation of 2,5% is on a track of Feds targeted 2%. This was a confirmation of market expectations that the potential first rate cut might occur at September's FOMC meeting. It should be noted that Fed Chair Powell did not comment on the exact timing of the policy adjustment, nor for how many basis points. The market is currently occupied with a question whether it will be 25 or 50 basis points.
Guests at the Jackson Hole Symposium were also representatives of the European Central Bank. its Chief economist, Philip Lane noted that the ECB is doing a good job in bringing inflation down to targeted 2%, however, the return to this target is still not assured. On the other side are analysts who are betting that the ECB would have to cut in September and again in December, considering that the environment of high interest rates is already significantly hurting growth of the EuroZone.
The CrowdStrike outage occurred this year, affecting millions of computers using Microsoft operating systems, and left a major question over the security and stability of operating programs like MS. In order to discuss challenges like this, Microsoft is organizing a cybersecurity event with CrowdStriek and other security companies in order to discuss potential solutions so that such events never again happen in the future. The conference will be held in September at MS campus in Redmond.
In a run for presidency, Donald Trump is certainly counting on the crypto community. As news are reporting, he first proclaimed himself as pro-crypto candidate, and now he is promoting a family-run DeFi project “The DeFiant ones” on his social platform. Although the platform is still pending official launch, there are already 40.000 followers subscribed.
Crypto market cap
The Fed Chair Powell mimicking potential rate cut in the coming period, at Jackson Hole Symposium was also positive for the crypto market. As investors are expecting that the environment of decreasing interest rates would impact funds currently placed at money market funds at rates around 5% would soon start to seek asset classes where they can make higher profits. One of such asset classes is certainly the crypto coins, especially BTC and ETH which entered into the mainstream through exchange traded funds. Although the crypto market spends the first half of the week at side trading, still at the end of the week the crypto market is finishing mostly within green territory. Total crypto market capitalization was increased by 9%, mostly as of the end of the week, adding $177B to its market cap. Daily trading volumes were also significantly increased to the level of $160B on a daily basis, compared to $ 95B traded a week before. Total crypto market capitalization increase from the end of the previous year currently stands at $589B, which represents a 36% surge from the beginning of this year.
Almost all coins finished the week in green. The market was led by BTC, which increased its market cap by $97B or 8.3% on a weekly basis. BTC was followed by ETH, which managed to add $22.4B to its total market cap, increasing it by 7.1%. XRP should be mentioned as the coin added almost $ 3B to its value within a single week, increasing it by 9.3%. This week Tether managed to add a figure above $ 1B to its cap, which was a weekly increase of 0.9%. Cardano performed very well during the week, with an increase of $2.3B in the value or 19.3%. Binance Coin was also one of the significant weekly winners, with a surge in value of $7.3B or 9.3%. Market bellowed Solana was also in the spotlight, as the coin added almost $ 10B to its market cap, which was an increase of almost 15% w/w. Polygon had an incredible week, with a surge of almost 42% in value. There are a significant number of other altcoins which managed to gain more than 20% on a weekly basis. Interestingly, there were also only a few weekly losers, like Bitcoin Gold, which was down by 9% w/w, or ZCash, dropping by 1.4%.
There has also been some increased activity when coins in circulation are in question. The highest weekly gainer is certainly Tether, with a surge of 0.9% of circulating coins on a weekly basis. IOTA is also posting some increased activity lately, with a weekly increase of 0.6% of circulating coins. This week Polygon and Filecoin added 0.3% more coins to the market, while Polkadot added 0.2% more coins.
Crypto futures market
This week the crypto futures market managed to align with the spot market and follow the investors sentiment. Both BTC and ETH futures posted an increase in futures value from the previous week. BTC both short and long term futures were traded by around 7% higher from the week before. Futures maturing in December this year posted an increase of almost 10% on a weekly basis, ending the week at the level of $65.735. Futures maturing a year later were last traded at price $72.692.
Similar situation was with ETH futures. The short term ones were traded higher by more than 5% on a weekly basis, while the longer term ones were traded higher by some 4.6%. Futures maturing in December this year closed the week at the level of $2.855, while those maturing in December 2025 were last traded at $3.044.
The Biggest Crash Since The Bear-Market (Bitcoin & The Altcoins)We are about to reach the climax of the 2024 Cryptocurrency market correction...
How are you doing today?
By the time you read this it will be Sunday... And trouble is approaching the market.
Bitcoin's 2024 Capitulation Event is here and it won't affect only Bitcoin, the entire market will suffer.
Money is being withdrawn from the Altcoins, all of them.
Many altcoins were looking good and remaining strong even while Bitcoin moved up, or down, but now everything is starting to slow down. This is the most revealing signal of all.
The crash is obvious so we do not need to focus on that part, let's focus on how the Altcoins will react instead.
➖ The Cryptocurrency Apocalypse ➖
Day 1. Nobody saw it coming... At first, just blank, not much action, kind of boring or a feeling of anticipation... The calm before the storm.
Day 2. It is happening... 95% of the market participants still claiming "the start of the bull-market" as they were doing in March, and another portion claiming, "New All-Time High" and "Bitcoin $100K." Billions will be liquidated in a flash.
Day 3. The crash is on... Prices are dropping, people start to awaken to what is happening; fear, panic; sell the house, sell everything; buy-dip, false breakdown, 1 BTC = 1 BTC....
Day 4. Bitcoin hits a new low... "How far down will it go?" "Will it hit $10K?" "OMG!!!"
Day 5. The slow recovery starts... Bitcoin will experience long-term growth. At this point, the majority of the people fold, lose hope, faith and simply sell —at the bottom.
Day 6. Strong recovery.
Each day can be worth 3 days... More or less. But the whole dynamic should play within 1-3 weeks. Interesting to watch is the biggest understatement in the history of life. It will be the most fascinating event ever, to see the upcoming crash and the worldwide reaction.
What will be the catalyst?
What type of news headlines will we get?
(Share some of your guesses in the comment section.)
➖ Altcoins Market Reaction ➖
Enough of that let's get serious.
I already mentioned this in several articles but understandably not everybody reads everything so let's recap.
1) Many altcoins already hit bottom. While they will turn red, it won't be a big event for these but only a retrace before maximum growth. This portion of the market will recover fast.
2) A second group, mid-size, are good but have not bottomed and so will move to produce a lower low but will recover fast as well.
3) The last group are the giants... These have to go through a painful correction because they are still trading high up.
Everything crashes at first; those big take longer to recover, those smaller recover faster. That's it keeping it simple.
If you agree, leave a comment.
If you disagree, leave two comments.
Namaste.
TOTAL Analysis by the Mallicast Team AnalystsWhile the Total Index was unable to surpass its previous yearly highs, the Mallicast team predicts a corrective decline down to 2.151T. After this correction, they expect the index to reach its short-term peak at 2.306T and accumulate the necessary liquidity.
TOTAL Analysis by the Mallicast Team AnalystsWhile the Total Index was unable to surpass its previous yearly highs, the Mallicast team predicts a corrective decline down to 2.151T. After this correction, they expect the index to reach its short-term peak at 2.306T and accumulate the necessary liquidity.
Crypto total market cap direction is still higher.Want to make that post, a bit contrarian, my timeline is filled by bearish post about world war, recession and pandemic.
I'm probably too optimist or dumb for that.
All crisis were priced in one day.
Market recovering, gold ATH indicates liquidity inflow and interest rates going down.
Up is the way, maybe not that immediate or high.
Long-Term BULL | Bitcoin & The Altcoins Market 2025My dear reader... Join me for a few minutes for a very important discussion... It is regarding our future; the future of Crypto; the future of Bitcoin; the future of the Altcoins market.
How are you feeling in this beautiful Full Moon Monday?
I am hoping you are having a wonderful day.
How much time do we have left in 2024?
If we skip August, for ease of counting, and because it is already halfway through, we have only four months left in 2024; that is, September, October, November and December.
➢ Bitcoin and the Altcoins market is going to be awesome in the year 2025.
It doesn't matter what happens short-term...
It doesn't matter if the situation becomes good or bad in late 2024...
We are certain to experience absolute, amazing growth next year...
Are you ready for growth?
If you knew before-hand, like six months in advance, what is going to happen in the future, how would you act?
How would you prepare?
What kind of action can you take now, in order to become a massive success next year?
➢ Bitcoin is going to be trading at new All-Time Highs in 2025.
➢ Thousands of Altcoins, literally, will be hitting new All-Time Highs in 2025... Knowing this, how are you going to approach this market now?
How are you going to accumulate, load-up, wait patiently; buy and hold?
How are you doing to do it now?
Thinking of the long-term... Of course!
If you know we have this wonderful and amazing market;
If you know we have this wonderful opportunity, it doesn't come really often...
If you are reading this now... This is your chance!!!
Come on! You can do this.
The total cryptocurrency market capitalization stands at 2 trillion dollars now and it is likely to go beyond 5 trillion after mid-2025... Wow!!! This is an amazing opportunity, we know what is going to happen before it happens... We can take advantage of this. "Pre-2025 Bull-Market..." We can do this!
It doesn't matter what happens this year; just hold strong until late next year.
Do you understand?
Give a boost and leave a comment if you are ready to join the millionaires club in 2025 —We are ready for success!
Namaste.
MARKETS week ahead: August 18 – 24Last week in the news
The lower than expected US inflation figures were the main driver of financial markets during the previous week. The US equities gained the most, with S&P 500 ending the week at the level of 5.554, and only 2% lower from it's all time highest level in July this year. The price of gold gained on a USD weakens, reaching a fresh new all time highest level of $2.506, reached on Friday. The US Treasury yields dropped to the level of 3.8% during the week, on inflation and PPI figures. The only market that was left behind during the week was the crypto market. BTC was traded within a relatively short range, struggling to hold the $60K level.
The inflation in the US is evidently slowing down. The posted figures for July are showing that the inflation reached 2.9% on a yearly basis, which was below market estimate of 3.0%. Core inflation was standing at 3.2% y/y. At the same time the Producer Price Index was increased by 0.1% in July, and was also below forecasted 0.2%, while core PPI was standing at 0% for the month. On the opposite side, posted Retail Sales figures for July were significantly higher from the market estimate, reaching 1.0% for the month, above forecasted 0.3%. This was a clear signal to investors that the inflation is slowing down, increasing the potential for the Fed's rate cut in September. At the same time, there is no indication that the US economy is nearing recession, but quite opposite, it is holding relatively solid, despite the environment of increased interest rates. The Jackson Hole Symposium is scheduled for the end of the week ahead, where Fed Chair Powell will hold a speech. The markets will closely watch this event, in expectation of any new information which will confirm their expectation of a forthcoming rate cut.
The British fintech company Revoult passed through a secondary share sale during the previous week, where the company was valued at $45 billion. The Revoult recently gained a banking licence with restrictions from the U.K. authorities, while the investors valuation of $45B represents a significant shift from the $ 33B valuation the company posted in July 2021.
The Governor of the People's Bank of China, Pan Gongsheng, noted in an interview with Chinese media that the financial risks in China's economy have decreased, and that he expects cooperation with the Ministry of Finance in order to reach defined economic growth for this year. The initial risks were related to the high amount of debt in China's housing market, impacting the local government.
JPMorgan published a research report, in which it is noted that the profitability of the crypto miners fell in August to an all time lowest levels, considering a 26% increase in a hashrate, which is at a record high. This is the main reason for a drop of 18% in the value of the total market cap of the fourteen U.S. listed miners.
Crypto market cap
The crypto market was left behind investors' focus during the previous week. Current concern regarding the course of interest rates till the year end, turned the market interest back to equity markets, leaving the crypto market to trade in a mixed manner during the week. There were almost equal numbers of both buying and selling orders, leaving the crypto market to trade sort of the side. Total crypto market capitalization dropped by another 1% during the week, losing another $27B in its total cap. Daily trading volumes continue to decrease, reaching levels around $ 95B on a daily basis, which is a modest drop from $107B traded two weeks ago. Total crypto market capitalization increase from the end of the previous year currently stands at $412B, which represents a 25% surge from the beginning of this year.
This was one of the rare weeks when major coins did not play a crucial role in driving the market cap. Instead, this week investors were more focused on major altcoins. BTC performed in a mixed manner, losing more than 2% in value during the week, or around $25B. ETH is finishing the week relatively flat, with a modest drop on a weekly level of $ 1B in value or 0.3%. At the same time, Bitcoin Gold gained significantly, supported by ATH of gold, reached during the week, with an weekly gain of 15.5%, adding $ 62M to its market cap. Among gainers, DASH should be noted, as this coin managed to add 8.3% to its value during the week. Litecoin also performed well, with an increase in the market cap of 10.5% w/w. ZCash also closed the week higher by 9%. On the other hand, market bellowed Solana lost even 9.3%, while Polkadot was down by 8.9%. XRP dropped in value by around 5%, losing $1.6B in its market cap.
When it comes to coins in circulation, Tether managed to add 1.0% more coins to the market, increasing by this percentage its market capitalization, adding $1.17B to it. Polkadot added 0.2% of new coins, while Filecoin, traditionally, increased its circulating coins by 0.3%. During the week, Solana not only lost in value, but also decreased the number of coins on the market by 0.1% w/w.
Crypto futures market
Some interesting developments occurred in the crypto futures market during the previous week. Namely, as BTC finished the week in red and ETH ended flat, still, these movements were not exactly reflected in the respective short term futures. BTC short term futures were last traded down by around 2.5%, while the long term ones were traded lower by 1.7%. At the same time, futures maturing in December this year dropped by 5% w/w, ending the week at the level of $59.770. December 2025 was closed at $68.290.
Opposite to the BTC futures, ETH futures closed the week in green. Short term futures were last traded around 0.8% higher from the week before, while the longer term ones, ended the week more than 1% higher. December 2025 ended the week at the level of $2.718, while December 2025 closed at $2.909.
Crypto Total Market Cap ~ 14 months of bull run remaining?Crypto - CRYPTOCAP:TOTAL Market Cap
Another month has passed since I shared this chart. We are now past the half way point for this bull run. Over the next 3 months, this is typically were the market starts to reach escape velocity.
✅ Month 15 of 29 month bull run (past halfway now)
✅ Month 15 of prior cycles (green boxes) were
followed by major upward price movements.
✅ An ascending triangle or compression of the market cap can be seen via a series of higher lows held up by a diagonal support line, market cap is also contained by the overhead all time highs.
⚠️What's interesting is the TOTAL market cap has not made an all time high yet 👀
⏳The 10 month moving average is at $2.06T, we are presently under it at $2.04T however there are 16 days left in August before we have a candle close. Something to watch. It not definitive, but if we could hold above the 10 month it would be very encouraging. The 10 month moving average is still sloping up the way too which is telling.
⏳ Given the unavoidable recession concerns, I have included a Black Swan Line. I do not see this as the most likely outcome however its worth having a back the truck up line in the event of mass panic. This would be a great level for long term hodlers to enter, and could always use a level under the line as a stop for CRYPTOCAP:BTC price.
Summary
I remain bullish mainly due to where we are in the bull market cycle as per the chart timing above. We are fighting the 10 month moving average and it remains upward sloping. We have an ascending triangle of sorts forming and an underside diagonal support line we can watch as an increased risk level (if lost). The monthly candle presently looks like a hammer reversal candle. Patience is the name of the game here for long term hodlers.
Typically Aug/Sept are thee worst months for CRYPTOCAP:BTC price performance, so we should expect consolidation, sideways and a possible churn slightly lower before the market continues its ascent towards the end of Sept, start of Oct 2024. Looking ahead, the Christmas season often brings renewed excitement to the market. That all starts with the "Halloween effect" in October. All will be revealed with 60 days. Stay busy folks 🙌
PUKA
