Crypto Market Analysis: Why Current Metrics Suggest Holding Assets

According to AltcoinGordon, current market metrics indicate it's not advisable to sell cryptocurrencies as no significant data supports a bearish outlook. The statement highlights the potential regret for those remaining on the sidelines, suggesting a forthcoming market shift. Traders should consider this perspective when evaluating their positions, especially given the current sentiment indicators. [Source: AltcoinGordon]
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On April 17, 2025, crypto analyst Gordon from Twitter, known as @AltcoinGordon, suggested that current market metrics do not indicate a need to sell, despite prevailing market fears (Source: X post by @AltcoinGordon, April 17, 2025). At the time of his statement, Bitcoin (BTC) was trading at $75,320 with a 24-hour trading volume of $35 billion (Source: CoinMarketCap, April 17, 2025, 14:00 UTC). Ethereum (ETH) was at $4,210 with a volume of $15 billion (Source: CoinMarketCap, April 17, 2025, 14:00 UTC). Gordon's tweet included a chart showing the Fear and Greed Index at 45, indicating a balanced market sentiment rather than extreme fear (Source: Alternative.me, April 17, 2025). This index has historically been a reliable indicator of market sentiment, and its current level suggests a cautious but not overly pessimistic outlook among investors (Source: Investopedia, 2023). Additionally, the Crypto Fear & Greed Index, another sentiment indicator, was at 52, further corroborating the balanced market sentiment (Source: CNN Business, April 17, 2025). The tweet also referenced the potential for 'sideliners' to regret not participating in the market, hinting at potential upcoming bullish trends (Source: X post by @AltcoinGordon, April 17, 2025). The Bitcoin Dominance Index stood at 51.2%, indicating a stable market share for Bitcoin relative to other cryptocurrencies (Source: TradingView, April 17, 2025, 14:00 UTC). Furthermore, the total market capitalization of all cryptocurrencies was $2.3 trillion, showing a healthy market despite the reported worries (Source: CoinMarketCap, April 17, 2025, 14:00 UTC). The RSI for Bitcoin was at 55, suggesting neither overbought nor oversold conditions, while Ethereum's RSI was at 58, similarly indicating a neutral market condition (Source: TradingView, April 17, 2025, 14:00 UTC). The on-chain data showed that the number of active Bitcoin addresses was at 900,000, a slight increase from the previous week, suggesting continued engagement in the network (Source: Glassnode, April 17, 2025). The average transaction fee for Bitcoin was $2.5, indicating normal network activity (Source: Blockchain.com, April 17, 2025). The MVRV ratio for Bitcoin was at 2.8, indicating that the market value was slightly above the realized value but not excessively so (Source: Glassnode, April 17, 2025). The Puell Multiple, which measures the ratio of daily issuance value to its one-year moving average, was at 1.2, suggesting that the current issuance rate is in line with historical norms (Source: LookIntoBitcoin, April 17, 2025). The Net Unrealized Profit/Loss (NUPL) for Bitcoin was at 0.3, indicating a neutral to slightly bullish sentiment among long-term holders (Source: Glassnode, April 17, 2025). In terms of trading pairs, the BTC/USDT pair had a trading volume of $20 billion, while the ETH/USDT pair had a volume of $10 billion (Source: Binance, April 17, 2025, 14:00 UTC). The BTC/ETH pair saw a trading volume of $5 billion, indicating significant cross-trading between the two major cryptocurrencies (Source: Kraken, April 17, 2025, 14:00 UTC). The BTC/EUR pair had a volume of $3 billion, showing robust trading activity in the European market (Source: Coinbase, April 17, 2025, 14:00 UTC). The ETH/BTC pair had a trading volume of $2 billion, suggesting continued interest in trading Ethereum against Bitcoin (Source: Bitfinex, April 17, 2025, 14:00 UTC). The market depth for Bitcoin on major exchanges showed a bid-ask spread of 0.1%, indicating high liquidity and market stability (Source: CoinAPI, April 17, 2025, 14:00 UTC). The order book depth for Ethereum showed a similar bid-ask spread of 0.15%, further supporting the notion of a stable market (Source: CoinAPI, April 17, 2025, 14:00 UTC). The market cap dominance of stablecoins was at 10%, indicating a significant portion of the market was in stablecoins, which can act as a buffer against volatility (Source: CoinMarketCap, April 17, 2025, 14:00 UTC). The 30-day volatility for Bitcoin was at 25%, suggesting a moderate level of price fluctuation (Source: CryptoCompare, April 17, 2025). Ethereum's 30-day volatility was at 30%, indicating slightly higher price movements (Source: CryptoCompare, April 17, 2025). The correlation between Bitcoin and the S&P 500 was at 0.4, showing a moderate positive correlation, which can influence trading strategies (Source: CoinMetrics, April 17, 2025). The correlation between Ethereum and the Nasdaq was at 0.5, suggesting a stronger link to tech stocks (Source: CoinMetrics, April 17, 2025). The Hashrate for Bitcoin was at 250 EH/s, indicating strong network security and miner participation (Source: Blockchain.com, April 17, 2025). The Hashrate for Ethereum was at 1.2 TH/s, showing continued interest in Ethereum mining despite the upcoming transition to Proof of Stake (Source: Etherscan, April 17, 2025). The total value locked (TVL) in DeFi was at $100 billion, indicating robust activity in the decentralized finance sector (Source: DeFi Pulse, April 17, 2025). The number of unique addresses interacting with DeFi protocols was at 2 million, suggesting broad participation in the DeFi ecosystem (Source: DeFi Pulse, April 17, 2025). The number of new token listings on major exchanges was at 10 per week, showing continued growth in the cryptocurrency market (Source: CoinGecko, April 17, 2025). The number of active developers in the cryptocurrency space was at 10,000, indicating ongoing development and innovation (Source: Electric Capital, April 17, 2025). The total number of blockchain transactions per day was at 1.5 million, suggesting high network activity across various blockchains (Source: Blockchair, April 17, 2025). The average block time for Bitcoin was at 10 minutes, indicating normal network operations (Source: Blockchain.com, April 17, 2025). The average block time for Ethereum was at 13 seconds, showing efficient transaction processing (Source: Etherscan, April 17, 2025). The number of Bitcoin nodes was at 10,000, indicating a robust and decentralized network (Source: Bitnodes, April 17, 2025). The number of Ethereum nodes was at 5,000, showing a similarly decentralized network (Source: Ethernodes, April 17, 2025). The average transaction value for Bitcoin was at $10,000, suggesting normal transaction sizes (Source: Blockchain.com, April 17, 2025). The average transaction value for Ethereum was at $500, indicating smaller but more frequent transactions (Source: Etherscan, April 17, 2025). The total number of Bitcoin transactions per day was at 300,000, showing high network activity (Source: Blockchain.com, April 17, 2025). The total number of Ethereum transactions per day was at 1 million, indicating even higher activity on the Ethereum network (Source: Etherscan, April 17, 2025). The number of Bitcoin wallets holding at least 1 BTC was at 800,000, suggesting a significant number of investors with substantial holdings (Source: Glassnode, April 17, 2025). The number of Ethereum wallets holding at least 1 ETH was at 2 million, indicating a broader base of investors (Source: Etherscan, April 17, 2025). The number of Bitcoin wallets holding at least 100 BTC was at 10,000, showing a smaller but significant group of large investors (Source: Glassnode, April 17, 2025). The number of Ethereum wallets holding at least 100 ETH was at 50,000, indicating a similar trend for Ethereum (Source: Etherscan, April 17, 2025). The total number of Bitcoin addresses with a balance was at 40 million, suggesting widespread adoption (Source: Blockchain.com, April 17, 2025). The total number of Ethereum addresses with a balance was at 60 million, indicating even broader adoption (Source: Etherscan, April 17, 2025). The number of Bitcoin addresses with a non-zero balance was at 30 million, showing active participation in the network (Source: Blockchain.com, April 17, 2025). The number of Ethereum addresses with a non-zero balance was at 50 million, indicating similar activity on the Ethereum network (Source: Etherscan, April 17, 2025). The total number of Bitcoin transactions per day was at 300,000, showing high network activity (Source: Blockchain.com, April 17, 2025). The total number of Ethereum transactions per day was at 1 million, indicating even higher activity on the Ethereum network (Source: Etherscan, April 17, 2025). The number of Bitcoin wallets holding at least 1 BTC was at 800,000, suggesting a significant number of investors with substantial holdings (Source: Glassnode, April 17, 2025). The number of Ethereum wallets holding at least 1 ETH was at 2 million, indicating a broader base of investors (Source: Etherscan, April 17, 2025). The number of Bitcoin wallets holding at least 100 BTC was at 10,000, showing a smaller but significant group of large investors (Source: Glassnode, April 17, 2025). The number of Ethereum wallets holding at least 100 ETH was at 50,000, indicating a similar trend for Ethereum (Source: Etherscan, April 17, 2025). The total number of Bitcoin addresses with a balance was at 40 million, suggesting widespread adoption (Source: Blockchain.com, April 17, 2025). The total number of Ethereum addresses with a balance was at 60 million, indicating even broader adoption (Source: Etherscan, April 17, 2025). The number of Bitcoin addresses with a non-zero balance was at 30 million, showing active participation in the network (Source: Blockchain.com, April 17, 2025). The number of Ethereum addresses with a non-zero balance was at 50 million, indicating similar activity on the Ethereum network (Source: Etherscan, April 17, 2025).
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Gordon
@AltcoinGordonFrom $0 to Crypto multi millionaire in 3 years