Volatility Ahead, But a Bullish Catalyst Looms

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The vibes of the market as this week progresses? 🔮

Uncertainty and turmoil - and plenty of it. 🚨

While we dodged the typical weekend dip, the market is now bracing for some big macro moves and unknown reactions.

Here’s what’s keeping traders on edge:

• Economic data dropping this week (jobs, CPI, PPI - you know, the usual suspects).

• New tariffs popping up daily - Trump’s playing hardball with trade again.

• Funding cuts both at home and abroad.

• Rebalancing trade relations (friend or foe, no one’s safe).

• US budget adjustments adding another layer of unpredictability.

With all this chaos, the market’s about to dig through the numbers to answer some critical questions about inflation, interest rates, consumer spending and liquidity. 🤔

We don’t have the answers just yet, but one thing is crystal clear…

Volatility is on the menu this week. 

But amidst the short-term unknowns, there’s one undeniable bullish event coming up:

FTX creditor repayments start February 18th. 🥂

Here’s the rundown:

• FTX creditor repayments will be in the form of USD cash (not crypto).

• FTX creditors owed less than $50,000 will be fully reimbursed plus 9% annual interest dating back to November 2022.

• Payouts will total $1.2 billion for this first wave, facilitated through Kraken and BitGo.

• FTX still owes a whopping $16 billion, but this initial injection of funds could spark fresh buying pressure in the crypto markets.

For a battered crypto crowd, this incoming capital might be just what the market needs to shake off its fears and fuel the next leg up.

Bullish catalyst?

Absolutely. 🚀

Trading Approach

Market Shift: Fundamentals In, Memecoins Out

The memecoin hype train has derailed. 💥🚂

Prices are tumbling, while coins with strong fundamentals are holding their ground.

Could this be a long-overdue return to sanity?

Let’s hope so.

It's time to focus on projects with real missions, solid teams, and sound tokenomics, instead of just hype and meme appeal.

Our trading approach in this environment?

We’ve been talking about it already, but we plan to stick with large-cap coins while Bitcoin dominance stays above 60% and total crypto market cap remains below $3.5T.

Here’s what we’re doing now:

• Accumulating SUI on dips under $3.

• Trimming our Solana position ahead of mid-March, when new SOL will flood the market from massive FTX holding unlocks.

• Accumulating RUNE whenever it dips below $1.25.

And for some big news…

Coinbase (COIN) is set to report its Q4 2024 earnings this week, with analysts projecting a massive $1.7B in revenue.

That’s an 83% year-over-year increase!

Has it already been priced in?

Regardless, the report will help reinforce our long-term thesis on Coinbase stock, as the company proves its strength even in a turbulent crypto market.

Stay tuned - this could be a big moment for COIN. 📈

• Trading Portfolio with real-time values, holdings and complete trading history.

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Disclaimer: The content from Hodl Report should not be taken as trading, investment or financial advice or solicitation to buy or sell any assets. This newsletter is for informational and educational purposes only. Please be careful out there and DYOR (do your own research).