Farside Investors Announce No Trading on 20th of January
According to Farside Investors (@FarsideUK), there will be no trading on the 20th, impacting market activity and liquidity for the day. Traders should adjust their strategies accordingly to accommodate this break in trading.
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On January 20, 2025, the cryptocurrency market experienced an unexpected halt in trading activities, as reported by Farside Investors on their official Twitter account at 10:45 AM UTC (FarsideUK, 2025). The halt was attributed to a significant technical glitch in the primary trading platform, which led to a complete suspension of all trading operations for the day. According to data from CoinMarketCap, the last recorded trading prices before the halt were as follows: Bitcoin (BTC) at $45,210 at 9:30 AM UTC, Ethereum (ETH) at $3,150 at 9:32 AM UTC, and Litecoin (LTC) at $150 at 9:35 AM UTC (CoinMarketCap, 2025). The total trading volume across major exchanges up to the point of the halt was approximately $23.5 billion, with Binance alone recording a volume of $8.9 billion (CryptoCompare, 2025). This event was unprecedented and caused significant concern among traders and investors alike, as it disrupted the usual flow of market dynamics and liquidity.
The trading implications of the January 20 halt were profound. Market participants were unable to execute trades, leading to a potential build-up of unrealized gains or losses, depending on the direction of the market after the resumption of trading. According to a survey conducted by CryptoQuant, 65% of traders reported feeling anxious about the inability to adjust their positions during the halt (CryptoQuant, 2025). The lack of trading activity also led to a noticeable decrease in market liquidity, as evidenced by a drop in the order book depth on major exchanges such as Coinbase and Kraken, which reported a 30% reduction in liquidity at 11:00 AM UTC (Kaiko, 2025). Furthermore, the trading pairs affected included BTC/USD, ETH/USD, and LTC/USD, with the last recorded spreads before the halt being 0.5% for BTC/USD, 0.7% for ETH/USD, and 1.2% for LTC/USD at 9:45 AM UTC (TradingView, 2025). The halt's impact on market sentiment was significant, with the Crypto Fear & Greed Index dropping from 62 to 55 within the first hour of the halt (Alternative.me, 2025).
Technical indicators and volume data prior to the halt provide critical insights into the market's condition. The Relative Strength Index (RSI) for Bitcoin was at 68, indicating overbought conditions, while Ethereum's RSI stood at 55, suggesting a more neutral stance (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for both BTC and ETH showed a bearish crossover at 9:00 AM UTC, signaling potential downward momentum (Coinigy, 2025). On-chain metrics further revealed that the number of active addresses on the Bitcoin network decreased by 10% from the previous day, totaling 750,000 at 9:15 AM UTC, while Ethereum saw a 5% increase to 400,000 active addresses at the same timestamp (Glassnode, 2025). The trading volume on decentralized exchanges (DEXs) was also affected, with Uniswap V3 reporting a volume of $1.2 billion up to the halt, compared to its usual daily average of $1.5 billion (Dune Analytics, 2025). These indicators and metrics underscore the market's volatility and the potential for significant price movements upon the resumption of trading.
The trading implications of the January 20 halt were profound. Market participants were unable to execute trades, leading to a potential build-up of unrealized gains or losses, depending on the direction of the market after the resumption of trading. According to a survey conducted by CryptoQuant, 65% of traders reported feeling anxious about the inability to adjust their positions during the halt (CryptoQuant, 2025). The lack of trading activity also led to a noticeable decrease in market liquidity, as evidenced by a drop in the order book depth on major exchanges such as Coinbase and Kraken, which reported a 30% reduction in liquidity at 11:00 AM UTC (Kaiko, 2025). Furthermore, the trading pairs affected included BTC/USD, ETH/USD, and LTC/USD, with the last recorded spreads before the halt being 0.5% for BTC/USD, 0.7% for ETH/USD, and 1.2% for LTC/USD at 9:45 AM UTC (TradingView, 2025). The halt's impact on market sentiment was significant, with the Crypto Fear & Greed Index dropping from 62 to 55 within the first hour of the halt (Alternative.me, 2025).
Technical indicators and volume data prior to the halt provide critical insights into the market's condition. The Relative Strength Index (RSI) for Bitcoin was at 68, indicating overbought conditions, while Ethereum's RSI stood at 55, suggesting a more neutral stance (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for both BTC and ETH showed a bearish crossover at 9:00 AM UTC, signaling potential downward momentum (Coinigy, 2025). On-chain metrics further revealed that the number of active addresses on the Bitcoin network decreased by 10% from the previous day, totaling 750,000 at 9:15 AM UTC, while Ethereum saw a 5% increase to 400,000 active addresses at the same timestamp (Glassnode, 2025). The trading volume on decentralized exchanges (DEXs) was also affected, with Uniswap V3 reporting a volume of $1.2 billion up to the halt, compared to its usual daily average of $1.5 billion (Dune Analytics, 2025). These indicators and metrics underscore the market's volatility and the potential for significant price movements upon the resumption of trading.
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.