Lookonchain APP

App Store

Coinbase Research: Bitcoin Breaks Key Support, Market Possibly in Early Stage of Long-term Downtrend

2025.04.16 13:32:48

On April 16th, Coinbase Research presented a report indicating that both Bitcoin and the COIN50 Index have fallen beneath their respective 200-day moving averages. This suggests that the market might be in the initial stage of a long-term downward trend. This aligns with the trend of the total market capitalization decline and the contraction of VC funding. Both of these are key characteristics of a potential "crypto winter." The report points out that numerous signs may imply that extreme negative sentiment has emerged as global tariffs are being implemented and there is a possibility of further escalation. This indicates that a new "crypto winter" may be commencing. Meanwhile, cryptocurrency venture capital in the first quarter of 2025 rebounded from the previous quarter but still remains 50-60% below the peak levels of the 2021-2022 cycle. This significantly restricts new capital from entering the ecosystem, especially in altcoins. All these structural pressures stem from the broader macroeconomic environment's uncertainty. As traditional risk assets face continuous resistance due to fiscal austerity and tariff policies, this leads to decision-making paralysis. Despite some unique favorable regulatory factors, the path to crypto recovery remains arduous, even in the face of the poor performance of the stock market. The interaction of these factors makes the outlook for the digital asset space challenging, and caution may still be necessary in the short term (perhaps in the next 4-6 weeks). However, the report also advises investors to adopt a tactical market strategy and remain optimistic about the second half of 2025.
Relevant content

Trend Research transfers 20,000 ETH to Binance

On February 6, per Arkham data, Trend Research deposited an additional 20,000 ETH into Binance just 15 minutes ago—valued at roughly $38.43 million.

1 minutes ago

In the midst of a market deep freeze, crypto executives accelerate "exit," with 3 executives announcing their career transition within two days.

February 6 The crypto market has faced a sharp downturn over the past two weeks. Bitcoin has plummeted from a $90,000 peak, narrowly clinging to the $60,000 level. But bearish sentiment hasn’t just hit prices: three top executives have announced career transitions in the last 48 hours. Among them: Multicoin Capital’s Kyle Samani (a prominent industry figure), ZKsync CTO Anthony Rose (@anthonykrose), and Eigen Labs Developer Relations Lead Nader Dabit—all have left the crypto space. Against sliding prices, these exec exits likely reflect a mix of the industry’s cyclical pressures and personal decisions.

1 minutes ago

Peter Brandt: Bitcoin to Find Key Support at $42,000

**February 6th** Peter Brandt— a prominent trader and chart analyst who correctly predicted Bitcoin’s 2018 crash— said this morning that if Bitcoin tests the “Banana Peel” support level (a zone it has touched in prior bear markets), the crypto’s bottom would likely land just below $42,000. Brandt argues the lower bound of the Banana Peel curve is Bitcoin’s strongest, most critical long-term support. Major bear market bottoms in 2011, 2015, 2018, and 2022 have historically hovered near or slightly dipped below this line. **Note**: The “Banana Peel” is a term Brandt coined in his long-term Bitcoin analysis. He visualizes Bitcoin’s logarithmic price trend from 2010 to present as a parabolic “Banana” curve: the outer curve marks historical parabolic uptrends and extreme bull market tops, while the inner curve (the Banana Peel’s lower bound) acts as long-term support typically touched or slightly broken in the deepest bear market retracements.

1 minutes ago

Eigen Labs Director of Developer Relations Nader Dabit Resigns, Will Join Cognition

On February 6, Eigen Labs’ Director of Developer Relations Nader Dabit announced in a social media post that he is joining Cognition. He noted his goal in joining the firm is to build a software agent capable of end-to-end delivering production-grade code—covering the entire software development lifecycle (SDLC). Dabit added he will collaborate with the Devin and Windsurf teams, focusing on education, growth, brand awareness, and developer experience.

1 minutes ago

A Whale Moves 10,000 ETH Worth $19.27M from Binance After 2-Year Dormancy

**Feb 6: Onchain Lens Data Shows 2-Year Dormant Whale Pulls 10k ETH From Binance (Worth $19.27M)** Earlier, the same whale transferred 43,562 ETH (valued at $104.2M) from Binance between March 11, 2023, and April 19, 2024 — all for staking purposes. --- Note: Adjusted for American news conventions (concise headline, numeric abbreviations like "k"/"M", date format "Feb 6" instead of "February 6th", and tight, scannable structure).

1 minutes ago

Aave Founder: Aave Protocol Liquidated Over $450 Million in Collateral Last Week

On February 6, Aave founder Stani Kulechov took to social media to note that the Aave protocol and the broader DeFi space had a highly resilient week. Over the past seven days, the protocol saw over $450 million in liquidations across multiple blockchains. For a DeFi protocol with over $50 billion in total value locked (TVL), this amounted to roughly 0.9% of its total deposits at the time. Aave also continued to generate incremental revenue during the period. While defaults can occur in lending, the protocol has built-in mechanisms to address these scenarios. Additionally, Aave V4 will launch with a new liquidation engine designed to boost the protocol’s flexibility and performance.

1 minutes ago