BTC, ETH Mark Worst Q1 Since 2020 As Whales Block $90K Breakout
The post BTC, ETH Mark Worst Q1 Since 2020 As Whales Block $90K Breakout appeared on BitcoinEthereumNews.com.
Bitcoin and Ethereum prices have ended the first quarter of 2025 in the red, with market sentiment weakened by macro uncertainty and visible whale resistance near key price levels. Swyftx lead analyst Pav Hundal had noted that a “vertical swing up” before the quarter’s end on March 31st was unlikely. As expected, there was no unexpected surge, let alone a spark. He added that the crypto market will remain “flying a little blind” until mid-April, when more clarity is expected on U.S. President Donald Trump’s tariff policies. Ether has posted an average return of 78.23% in the first quarter of every year since 2017 | Source: CoinGlass Ethereum, which traded at $1,852.25 at press time, has dropped 37.98% so far in Q1, 2025, according to CoinGlass data. That marks its worst Q1 since 2018, when ETH fell 46.61%. Bitcoin, meanwhile, was down 6.49% over the quarter, its weakest Q1 since the 10.83% drop in 2020. Whales Short Bitcoin at $88K as Resistance Builds Analytics platform Alphractal reported that whales have been shorting Bitcoin near $88,000. Bitcoin: Whale position sentiment | Source: X Bitcoin was trading at $83,129.15, up 0.13% at the time of writing. The firm noted a “sharp reversal” in its Whale Position Sentiment metric, flagging large $1 million+ trades on multiple exchanges. The behavior typically precedes a price drop, it warned. “Whales have closed their long positions,” Alphractal CEO Joao Wedson stated in a recent X post. CryptoQuant echoed this view, highlighting that 8 out of 10 on-chain metrics are currently flashing bearish. Bitcoin short-term whales position | Source: CryptoQuant BTC needs to close above $90,000 to maintain bullish momentum. Failing that, the $84,000 to $85,000 zone remains a key cost-basis liquidity area. Falling below this range could prompt selling, according to CryptoQuant analyst Crazzyblockk. ETH/BTC Ratio Hits 2020 Levels…
Filed under: News - @ April 2, 2025 3:25 am