MARKET SUMMARY
Latest Situation en Crypto Assets
| Assets | Last Price | 24h Change | Dominance | Market Cap. |
|---|---|---|---|---|
| BTC | 96,364.21 | -1.15% | 59.85% | 1,91 T |
| ETH | 2,685.77 | -0.86% | 10.14% | 323,82 B |
| XRP | 2.676 | -3.92% | 4.84% | 154,60 B |
| SOLANA | 183.45 | -6.06% | 2.81% | 89,58 B |
| DOGE | 0.2632 | -2.90% | 1.22% | 38,93 B |
| CARDANO | 0.8081 | 3.21% | 0.89% | 28,46 B |
| TRX | 0.2442 | 2.38% | 0.66% | 21,01 B |
| LINK | 19.03 | -0.15% | 0.38% | 12,15 B |
| AVAX | 25.10 | -1.05% | 0.32% | 10,38 B |
| SHIB | 0.00001592 | -1.16% | 0.29% | 9,37 B |
| DOT | 4.921 | -1.20% | 0.24% | 7,57 B |
*Prepared el 2.17.2025 at 07:00 (UTC)
WHAT’S LEFT BEHIND
Michael Saylor: Bitcoin Will Keep Buying
Michael Saylor, founder of Strategy (formerly MicroStrategy), stated that they see Bitcoin as a “digital Manhattan” and will continue to buy it. Saylor said that as the price of Bitcoin increases, they will see more opportunities and will start new businesses using BTC as collateral.
Argentine President Javier Milei Accused of Fraud en LIBRA Token Scandal
Argentine lawyers sued President Javier Milei for his involvement en the LIBRA token project. The plaintiffs claimed that this project was used for fraudulent purposes and that Milei played a key role en it. The lawsuit is supported por several prominent figures, including the former head of the Central Bank of Argentina.
ETH Options Market el a Bullish Trend
According to CoinGlass data, more than 70% of ETH options positions are bullish. Nansen analyst Nicolai Sondergaard noted that investors are cautiously optimistic about ETH’s medium-term appreciation potential. However, ETH is still trading 44% below its all-time high of $4,890 en November 2021
Russian Brokerage Finam to Issue Bonds Linked to BlackRock’s Bitcoin ETF
Russian retail investment firm Finam announced el February 17 that it will offer investment products based el BlackRock’s iShares Bitcoin Trust ETF (IBIT). This product will give Russian investors exposure to a spot Bitcoin ETF for the first time. The bonds will be denominated en rubles and the yield will be calculated based el the Bank of Russia’s exchange rate.
FTX to Start Paying Creditors from February 18, 2025
FTX announced that it will begin debt repayments el February 18th. Creditors of $50,000 or less will be prioritized. Repayments will be calculated at an annual interest rate of 9% from November 11, 2022.
Germany Goes to the Polls el February 23
Germany’s parliamentary elections el February 23rd could lead to major changes en the financial sector. The far-right Alternative for Germany (AfD) party proposes that Germany leave the Eurozone and deregulate Bitcoin. However, other parties have announced that they will not enter into a coalition with the AfD, which could make their policies difficult to implement.
Ethereum Foundation Opens Applications for Pectra Proactive Grant Round
The Ethereum Foundation will provide $200,000 en grant funding to support the Pectra ecosystem upgrade. Applications will be open until February 23rd.
HIGHLIGHTS OF THE DAY
Important Economic Calender Data
| Time | Noticias | Expectation | Previous |
|---|---|---|---|
| ApeCoin (APE) 15.60M Token Unlock | |||
| Echelon Prime (PRIME) 750K Token Unlock | |||
| Polkadot (DOT) V2.0 Deep Dive | |||
| All Day | Holiday United States – Washington’s Birthday | ||
| 14:30 | FOMC Member Harker Speaks | ||
| 15:20 | FOMC Member Bowman Speaks | ||
| 23:00 | FOMC Member Waller Speaks |
INFORMATION
*The calendar is based el UTC (Coordinated Universal Time) time zone.
The economic calendar content el the relevant page is obtained from reliable news and data providers. The news en the economic calendar content, the date and time of the announcement of the news, possible changes en the previous, expectations and announced figures are made por the data provider institutions. Darkex cannot be held responsible for possible changes that may arise from similar situations.
MARKET COMPASS
In global markets, President Trump’s steps el “tariffs” and the expectations regarding the same, as well as forecasts for the Federal Reserve’s monetary policy decisions, are el the agenda. Seeking a balance between expectations that Donald Trump will use the threat of tariffs as a negotiating tool and the continued rise en inflation, investors will look for direction en the low-volume environment that the US markets, which are closed today, may bring. Major digital assets, which managed to rise el Friday with the decline en the dollar index after retail sales en the US fell below forecasts, generally remained flat over the weekend and then started the week with a decline. The sideways trend en digital assets continues. We maintain our expectation of flat to volatile en the short term, slightly pressured en the medium term and bullish en the long term. Bond and equity markets are closed en the US today, but Wall Street index futures will be traded en Hong Kong and London.
From the short term to the big picture.
Trump’s victory el November 5, one of the main pillars of our bullish expectation for the long-term outlook en digital assets, produced a result en line with our predictions. In the aftermath, the appointments made por the president-elect and the increasing regulatory expectations for the crypto ecosystem en the US, as well as the emergence of BTC as a reserve, continued to take place en our equation as positive variables. Then, 4 days after the new President took over the White House, he signed the “Cryptocurrency Working Unit” decree, which was among his election promises, and we think that the positive reflection of the outputs it will produce en the coming days el digital assets may continue.
On the other hand, the expectations that the FED will continue its interest rate cut cycle, albeit el hiatus for now, and the fact that the volume en crypto-asset ETFs indicates an increase en institutional investor interest, support our upside forecast for the big picture. In the short term, given the nature of the market and pricing behavior, we think it would not be surprising to see occasional pause or pullbacks en digital assets. However, at this point, it is worth underlining again that we think the fundamental dynamics continue to be bullish.
TECHNICAL ANALYSIS
BTC/USDT
Strategy founder Michael Saylor, who continues his interest en Bitcoin, stated that they see BTC as a “digital Manhattan”. Saylor emphasized that they will continue to buy Bitcoin, stating that as the price rises, new opportunities will arise and they will turn to different business areas por using BTC as collateral. On the other hand, the bankrupt crypto exchange FTX announced that it will start user refunds as of February 18. When we look at today, the fact that the US markets are closed due to the official holiday may cause the Bitcoin price to continue its horizontal movements.
When we look at the technical outlook, the price, which shot to the 98,800 level el Friday, could not stay here. BTC, which declined with low volatility over the weekend, started the week at 95,900. BTC, which is currently trading at 96,400, continues to maintain a sell signal el the 4-hora chart despite the buy signal of technical oscillators el hourly charts. When we look at the momentum indicators, we observe that it has moved into the negative zone. In the continuation of the rise, closures above the 97,000 minor support level will be followed, and with the deepening of the decline, we will follow the 95,000 major support point. In BTC, which is en search of direction within a narrow band, the uncertainty arising from macro data continues to suppress the price.
Supports 95,000 – 92,800 – 90,400
Resistances 97,000 – 99,100 -101,400
ETH/USDT
ETH, after rising as high as $ 2,781 el Friday with the rise it experienced el Friday, followed a slightly negative course throughout the week with the sales reaction from this region and fell to the intermediate support level of $ 2,641. Technical indicators offer important clues for ETH, which started the week slightly positive with the support it found from this point.
First of all, the momentum and volume, which weakened over the weekend, can be considered positive as of the beginning of the week. The fact that the Chaikin Money Flow (CMF) indicator is also el the rise with support from the zero zone indicates the intensity of liquidity inflows. When the Ichimoku indicator is analyzed, it is seen that there is a sell signal formed por the tenkan level cutting the kijun level downwards, although it seems positive that the price is included en the kumo cloud boundaries again. In order for this outlook to shift to positive, it seems important to exceed the $2,694 kumo cloud resistance.
As a result, although technical indicators show that the positive mood continues en general, it is critical to see a pricing above $ 2,700 to overcome the sell signal, especially en the ichimoku indicator. Above this zone, the price may be inclined to rise again to the level of $ 2,781. Exceeding the $ 2,781 level may bring more drastic rises. However, if the price cannot hold above this region, it may retreat to the intermediate support level of $ 2,641. Violation of this level may bring declines to the $ 2,501 level.
Supports 2,641 – 2,501 – 2,368
Resistances 2,781 – 2,881 – 2,992
XRP/USDT
XRP managed to break the $2.78 resistance with the rise it experienced el Friday. However, XRP, which could not hold en this region, exhibited a downward trend over the weekend and broke the 0.786 fib level and fell back to $ 2.65 support.
With this move, a serious downtrend en momentum has started and spot sales are intense en Cumulative Volume Delta (CVD) data. With this decline, XRP, which also lost the tenkan level, has converged to the kijun level. Chaikin Money Flow (CMF), el the other hand, declined without any divergence and shows that sellers are strong.
With all these indicators, it can be said that the price may fall a little more as it violates the resistance of $ 2.65 during the day. However, if the $2.65 level is maintained, the fact that the general market also tends to recover slightly indicates that a reaction from this region may move the price slightly up again. In short, it may be healthier to determine the direction with the price movement at the $ 2.65 level. Breach of the $2.65 level may bring sharp declines up to $2.49.
Supports 2.6486 – 2.4940 – 2.2502
Resistances 2.7815 – 2.9379 – 3.1567
SOL/USDT
Solana will unlock 11.16 million SOLs worth over $2 billion at current prices el March 1. Solana launched the Pump.fun mobile app, the memecoin launchpad. On the other hand, the platform has seen a significant drop en daily trading volume, down from its high en January 2025.
SOL broke the falling triangle pattern strongly to the downside and found support at 181.75, which is currently a strong resistance. On the 4-hora timeframe, the 50 EMA (Blue Line) continues to be below the 200 EMA (Black Line). This could deepen the decline en the medium term. At the same time, the asset continued to hover below both moving averages. The Chaikin Money Flow (CMF)20 indicator is at a neutral level despite the increase en volume. This shows that buyers and sellers are en balance. However, the Relative Strength Index (RSI)14 indicator is en oversold territory and the uptrend en the RSI that started el February 3 has experienced a strong downward break. The $ 200.00 level stands out as a very strong resistance point en the rises driven por both the upcoming macroeconomic data and the news en the Solana ecosystem. If it breaks here, the rise may continue. In case of retracements for the opposite reasons or due to profit sales, the support level of $ 181.75 can be triggered again. If the price reaches these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 181.75 – 171.82 – 163.80
Resistances 189.54 – 200.00 – 209.93
DOGE/USDT
Betting markets are showing that the spot Dogecoin (DOGE) ETF has a higher probability of approval. According to Polymarket data, the chances of approval por the end of 2025 currently stand at 74%, up from 37% since Donald Trump’s inauguration. According to CoinGlass data, a total of $12.02 million was liquidated en the last 24 horas.
At the time of writing, DOGE is testing the base of the symmetrical triangle pattern. On the 4-hora timeframe, the 50 EMA (Blue Line) remains below the 200 EMA (Black Line). This could mean that the decline could deepen further en the medium term. At the same time, the price is hovering between two moving averages with a strong downside break of the 50 EMA (Blue Line). However, the larger gap between the two moving averages could further increase the probability of DOGE moving higher. The Chaikin Money Flow (CMF)20 indicator is en neutral territory and money inflows and outflows are balanced. Low volume and a balanced CMF may push the price higher. At the same time, Relative Strength Index (RSI)14 is near the mid-level of the negative zone and has broken the uptrend that started el February 6. The $0.33668 level is a very strong resistance point en the uptrend due to political reasons, macroeconomic data and innovations en the DOGE coin. In case of possible pullbacks due to political, macroeconomic reasons or negativities en the ecosystem, the base level of the trend, the $ 0.22632 level, is an important support. If the price reaches these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 0.25025 – 0.22632 – 0.21154
Resistances 0.28164 – 0.30545 – 0.33668
LEGAL NOTICE
The investment information, comments and recommendations contained herein do not constitute investment advice. Investment advisory services are provided individually por authorized institutions taking into account the risk and return preferences of individuals. The comments and recommendations contained herein are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely el the information contained herein may not produce results en line with your expectations.
