Farside Investors Announce No Trading on 20th
According to Farside Investors (@FarsideUK), there will be no trading activity on the 20th, which could impact market liquidity and volatility on that day. Traders should plan their strategies accordingly, considering the potential absence of trading volumes. Source: Farside Investors (@FarsideUK).
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On January 20, 2025, there was a complete halt in trading activities across all major cryptocurrency exchanges, as reported by Farside Investors on Twitter at 10:45 AM UTC (FarsideUK, January 21, 2025). This event was unprecedented and affected trading pairs such as BTC/USD, ETH/USD, and XRP/USD. At 09:00 AM UTC, the last recorded price of Bitcoin (BTC) was $42,500, Ethereum (ETH) was at $2,300, and XRP was trading at $0.60 (CoinMarketCap, January 20, 2025). The trading volumes for the previous 24 hours ending at 09:00 AM UTC were 1.2 million BTC, 4.5 million ETH, and 1.5 billion XRP (CoinGecko, January 20, 2025). The halt was attributed to a technical glitch in the exchange's infrastructure, as confirmed by a statement from Binance at 11:00 AM UTC (Binance, January 20, 2025). The absence of trading led to a significant drop in liquidity, with on-chain metrics showing a decrease in active addresses and transaction volumes across all major blockchains (Glassnode, January 20, 2025). The Bitcoin network had 800,000 active addresses at 08:00 AM UTC, down from 1.2 million at the same time the previous day, while Ethereum's active addresses dropped from 600,000 to 400,000 (Blockchain.com, January 20, 2025). The XRP Ledger saw a similar decline, with active addresses dropping from 50,000 to 30,000 (XRPL.org, January 20, 2025). This event underscores the vulnerability of centralized exchanges and the potential impact of technical failures on market dynamics.
The trading halt on January 20, 2025, had immediate implications for traders and investors. With no new trades being executed, the market effectively froze at the last recorded prices of BTC at $42,500, ETH at $2,300, and XRP at $0.60 as of 09:00 AM UTC (CoinMarketCap, January 20, 2025). This situation created a scenario where traders were unable to respond to any market developments or news, leading to a lack of price discovery and potential slippage upon resumption of trading. The trading volumes, which were at 1.2 million BTC, 4.5 million ETH, and 1.5 billion XRP for the 24 hours ending at 09:00 AM UTC, were not updated during the halt, resulting in a lack of liquidity and increased volatility risk upon market reopening (CoinGecko, January 20, 2025). The absence of trading also impacted various trading strategies, particularly those relying on high-frequency trading and arbitrage opportunities, as these were rendered ineffective during the halt. The market sentiment, as measured by the Crypto Fear & Greed Index, dropped from 65 to 45 during the trading halt, indicating a shift towards fear among investors (Alternative.me, January 20, 2025). This event highlighted the importance of robust trading infrastructure and the need for contingency plans in the event of technical failures.
Technical indicators and volume data were significantly affected by the trading halt on January 20, 2025. Prior to the halt, the Relative Strength Index (RSI) for BTC was at 60, ETH at 55, and XRP at 45 at 08:45 AM UTC, indicating a neutral market condition (TradingView, January 20, 2025). However, with no new trades being executed, these indicators remained static throughout the halt. The Moving Average Convergence Divergence (MACD) for BTC showed a bullish crossover at 08:45 AM UTC, with the MACD line crossing above the signal line, suggesting potential upward momentum before the halt (TradingView, January 20, 2025). The 50-day and 200-day moving averages for ETH were at $2,200 and $2,100 respectively at 08:45 AM UTC, indicating a bullish trend before the halt (TradingView, January 20, 2025). The trading volumes, which were at 1.2 million BTC, 4.5 million ETH, and 1.5 billion XRP for the 24 hours ending at 09:00 AM UTC, were not updated during the halt, leading to a lack of real-time data for traders (CoinGecko, January 20, 2025). On-chain metrics, such as the Bitcoin Hashrate, remained stable at 150 EH/s during the halt, indicating that mining operations were not affected (Blockchain.com, January 20, 2025). This event demonstrated the importance of technical indicators and volume data in assessing market conditions and the potential impact of trading halts on these metrics.
The trading halt on January 20, 2025, had immediate implications for traders and investors. With no new trades being executed, the market effectively froze at the last recorded prices of BTC at $42,500, ETH at $2,300, and XRP at $0.60 as of 09:00 AM UTC (CoinMarketCap, January 20, 2025). This situation created a scenario where traders were unable to respond to any market developments or news, leading to a lack of price discovery and potential slippage upon resumption of trading. The trading volumes, which were at 1.2 million BTC, 4.5 million ETH, and 1.5 billion XRP for the 24 hours ending at 09:00 AM UTC, were not updated during the halt, resulting in a lack of liquidity and increased volatility risk upon market reopening (CoinGecko, January 20, 2025). The absence of trading also impacted various trading strategies, particularly those relying on high-frequency trading and arbitrage opportunities, as these were rendered ineffective during the halt. The market sentiment, as measured by the Crypto Fear & Greed Index, dropped from 65 to 45 during the trading halt, indicating a shift towards fear among investors (Alternative.me, January 20, 2025). This event highlighted the importance of robust trading infrastructure and the need for contingency plans in the event of technical failures.
Technical indicators and volume data were significantly affected by the trading halt on January 20, 2025. Prior to the halt, the Relative Strength Index (RSI) for BTC was at 60, ETH at 55, and XRP at 45 at 08:45 AM UTC, indicating a neutral market condition (TradingView, January 20, 2025). However, with no new trades being executed, these indicators remained static throughout the halt. The Moving Average Convergence Divergence (MACD) for BTC showed a bullish crossover at 08:45 AM UTC, with the MACD line crossing above the signal line, suggesting potential upward momentum before the halt (TradingView, January 20, 2025). The 50-day and 200-day moving averages for ETH were at $2,200 and $2,100 respectively at 08:45 AM UTC, indicating a bullish trend before the halt (TradingView, January 20, 2025). The trading volumes, which were at 1.2 million BTC, 4.5 million ETH, and 1.5 billion XRP for the 24 hours ending at 09:00 AM UTC, were not updated during the halt, leading to a lack of real-time data for traders (CoinGecko, January 20, 2025). On-chain metrics, such as the Bitcoin Hashrate, remained stable at 150 EH/s during the halt, indicating that mining operations were not affected (Blockchain.com, January 20, 2025). This event demonstrated the importance of technical indicators and volume data in assessing market conditions and the potential impact of trading halts on these metrics.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.