Cryptocurrency markets have gained remarkable momentum recently. This great movement in the cryptocurrency market creates great excitement among investors. In this regard, leading crypto analyst Ali Martinez states that there has been a record level of capital inflow into the digital asset market in the last 30 days. According to Martinez, the amount of capital entering the market during this period reached the highest level in history.
given by Martinez information According to the data, the amount of capital entering the market in the last month exceeded 110 billion dollars, breaking a record. This is interpreted as an indication that the cryptocurrency world is growing rapidly and attracting the attention of more and more investors.
“The crypto market witnessed the most significant capital inflow ever, with an all-time high of $110 billion in new capital!”
Another important point Martinez emphasized is some of the whale activity last month. The term whale refers to investors who hold large amounts of assets in the cryptocurrency markets and trade at a level that can affect prices. According to Martinez, wealthy investors who have recently swallowed some meme coins such as Dogecoin have attracted attention. These whales purchased 1.40 billion DOGE worth approximately $280 million in the last two weeks.
“Dogecoin whales purchased 1.40 billion DOGE worth approximately $280 million in the last two weeks!”
NEWS CONTINUES BELOW
Moving on to the best crypto asset by market value, Martinez said that Bitcoin (BTC) created a bullish technical pattern on the 30-minute chart. According to the investor, BTC may witness a significant rally if it breaks above its immediate resistance.
“Bitcoin is showing an inverse head-and-shoulders formation on the 30-minute chart. “If BTC maintains its position above the 200 EMA (exponential moving average) and clears the neckline resistance at $71,580, we can expect a potential upside of 4.44%, targeting a price of $74,760.”
The inverse head-and-shoulders formation is a pattern that generally provides technical analysis signals that the asset will break out of its downward trend and begin to rise. Bitcoin is trading at $69,567 at the time of writing; This means it experienced a small increase during the day. On January 23, the flagship digital asset was trading at $39,833.
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