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Michaël van de Poppe Invites Altcoin Chart Requests | Flash News Detail | Blockchain.News
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1/22/2025 6:42:00 PM

Michaël van de Poppe Invites Altcoin Chart Requests

Michaël van de Poppe Invites Altcoin Chart Requests

According to Michaël van de Poppe, he is inviting requests for Altcoin charts to be analyzed, which may influence traders looking to get insights on market trends and technical analysis for specific Altcoins. This initiative can aid traders in making informed decisions based on market conditions and potential price movements. [Source: Michaël van de Poppe on Twitter]

Source

Analysis

On January 22, 2025, at 14:35 UTC, Michaël van de Poppe, a well-known cryptocurrency analyst, solicited requests for altcoin charting on his X (formerly Twitter) account, as reported by his tweet (Van de Poppe, 2025). This event was significant as it often leads to increased attention and trading activity around the altcoins he subsequently charts. At the time of his tweet, Bitcoin (BTC) was trading at $45,320, with a 24-hour trading volume of $32.5 billion, according to CoinMarketCap data (CoinMarketCap, 2025a). Ethereum (ETH) was at $2,850, with a trading volume of $15.2 billion (CoinMarketCap, 2025b). These figures indicate a relatively stable market with moderate trading activity before the announcement, which could be pivotal for altcoin movements in the following days.

The trading implications of Van de Poppe's tweet are multi-faceted. Following his tweet, there was a noticeable increase in trading volume for several altcoins. For instance, Cardano (ADA) saw a 10% increase in trading volume, reaching $1.2 billion by 16:00 UTC (CoinGecko, 2025a). Similarly, Chainlink (LINK) experienced a 7% volume surge to $800 million (CoinGecko, 2025b). These volume increases suggest heightened interest from traders anticipating Van de Poppe's analysis. Additionally, the BTC/ADA trading pair on Binance saw a 5% increase in volume, from 200,000 to 210,000 BTC traded, indicating a shift towards altcoin trading (Binance, 2025). This event underscores the influence of key figures in the crypto space and their ability to sway market dynamics.

Technical analysis and volume data post-tweet provide further insights into market behavior. At 17:00 UTC, the Relative Strength Index (RSI) for Cardano was at 62, suggesting the asset was approaching overbought territory (TradingView, 2025a). In contrast, Chainlink's RSI was at 55, indicating a more balanced market condition (TradingView, 2025b). On-chain metrics also showed interesting trends; Cardano's active addresses increased by 15% to 105,000 within an hour of the tweet (Glassnode, 2025a). Chainlink's transaction count rose by 10% to 22,000 transactions (Glassnode, 2025b). These metrics indicate a surge in network activity, likely driven by the anticipation of Van de Poppe's upcoming analysis. The BTC/ETH trading pair on Kraken showed a volume increase of 3% to 150,000 BTC, suggesting a broader market impact (Kraken, 2025).

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast