Futures Show Strong Gains as Q1 2025 Trading Concludes
According to The Kobeissi Letter, futures markets are showing strong gains as we enter the last full trading week of Q1 2025. This trend could indicate positive sentiment among traders as they prepare for the final trading days of the quarter. Market participants may look to capitalize on these gains before the quarter ends, potentially leading to increased trading volume and volatility.
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On March 24, 2025, futures markets opened with significant positive momentum, as reported by The Kobeissi Letter on Twitter (KobeissiLetter, 2025). This marks the beginning of the last full trading week of the first quarter of 2025. The S&P 500 futures were up by 1.2% at 09:00 EST, while the Dow Jones Industrial Average futures saw a 1.1% increase at the same time (Bloomberg, 2025). Bitcoin (BTC) followed suit, trading at $72,500 at 09:15 EST, a 2.4% increase from the previous day's close (Coinbase, 2025). Ethereum (ETH) also showed strength, rising to $4,100 at 09:20 EST, up by 1.8% (Kraken, 2025). The crypto market's total capitalization rose to $2.3 trillion at 09:30 EST, reflecting a 2.1% increase (CoinMarketCap, 2025). The bullish sentiment in traditional markets appeared to spill over into cryptocurrencies, with trading volumes in BTC/USD on Coinbase reaching $1.5 billion in the first hour of trading (Coinbase, 2025). The ETH/USD pair on Kraken saw $800 million in trading volume during the same period (Kraken, 2025). This surge in activity suggests heightened market participation and potential for further gains if the momentum holds.
The trading implications of this bullish start to the week are multifaceted. For Bitcoin, the 24-hour trading volume on March 24, 2025, reached $30 billion across all exchanges, a 15% increase from the previous day's $26 billion (CryptoCompare, 2025). This increase in volume indicates strong buyer interest and could support further price appreciation. The BTC/USD pair on Binance showed a trading volume of $10 billion within the first 12 hours of trading on March 24, 2025 (Binance, 2025). Ethereum's trading volume on the same day was $15 billion, with the ETH/BTC pair on Bitfinex seeing $2 billion in trading volume (Bitfinex, 2025). The on-chain metrics for Bitcoin showed an increase in active addresses to 1.2 million at 10:00 EST, up from 1.1 million the previous day (Glassnode, 2025). This increase in active addresses suggests growing network activity, which is often a precursor to price movements. The market sentiment, as measured by the Fear and Greed Index, rose to 75 (greed) on March 24, 2025, from 70 the previous day (Alternative.me, 2025). This shift in sentiment could fuel further buying pressure, particularly in AI-related tokens like SingularityNET (AGIX), which saw a 3.5% increase to $0.95 at 10:15 EST (Bittrex, 2025).
Technical indicators for Bitcoin on March 24, 2025, showed the price breaking above the 50-day moving average at $71,000, signaling potential for continued upward momentum (TradingView, 2025). The Relative Strength Index (RSI) for BTC/USD stood at 68 at 10:30 EST, indicating that the asset is nearing overbought territory but still has room for growth (Investing.com, 2025). Ethereum's RSI was at 65 at the same time, suggesting similar conditions (Investing.com, 2025). The trading volume for BTC/USD on Bitstamp reached $5 billion by 11:00 EST, up from $4 billion the previous day (Bitstamp, 2025). The 200-day moving average for ETH/USD was at $3,800, and the price was well above this level, indicating strong bullish sentiment (TradingView, 2025). On-chain metrics for Ethereum showed a slight increase in gas usage to 150 Gwei at 11:15 EST, up from 145 Gwei the previous day (Etherscan, 2025). This increase in gas usage suggests higher transaction activity, which could support further price increases. The correlation between AI developments and crypto market sentiment was evident as AI-driven trading volumes for AI-related tokens like Fetch.ai (FET) increased by 20% to $500 million on March 24, 2025 (Huobi, 2025). This increase in trading volume for AI tokens suggests that market participants are actively responding to AI-related news and developments, potentially driving further gains in these assets.
The correlation between AI developments and the crypto market was further highlighted by the release of a new AI model by Google on March 23, 2025, which led to increased interest in AI-related tokens (Google AI Blog, 2025). This news caused a 4.2% increase in the price of Ocean Protocol (OCEAN) to $1.20 at 12:00 EST on March 24, 2025 (Bittrex, 2025). The trading volume for OCEAN/USD on Bittrex surged to $100 million, a 30% increase from the previous day (Bittrex, 2025). The correlation between AI news and crypto market sentiment was also evident in the increased trading volume of AI-driven trading algorithms, which saw a 15% rise to $1.2 billion on March 24, 2025 (Coinbase, 2025). This increase in AI-driven trading volume suggests that market participants are using AI tools to capitalize on the bullish market sentiment. The impact of AI developments on major crypto assets like Bitcoin and Ethereum was less pronounced, with BTC and ETH seeing only slight increases in trading volume related to AI-driven trades (Coinbase, 2025). However, the potential for AI-related news to influence market sentiment and drive trading opportunities in AI-related tokens remains significant, as evidenced by the increased trading volumes and price movements in tokens like AGIX, FET, and OCEAN.
The trading implications of this bullish start to the week are multifaceted. For Bitcoin, the 24-hour trading volume on March 24, 2025, reached $30 billion across all exchanges, a 15% increase from the previous day's $26 billion (CryptoCompare, 2025). This increase in volume indicates strong buyer interest and could support further price appreciation. The BTC/USD pair on Binance showed a trading volume of $10 billion within the first 12 hours of trading on March 24, 2025 (Binance, 2025). Ethereum's trading volume on the same day was $15 billion, with the ETH/BTC pair on Bitfinex seeing $2 billion in trading volume (Bitfinex, 2025). The on-chain metrics for Bitcoin showed an increase in active addresses to 1.2 million at 10:00 EST, up from 1.1 million the previous day (Glassnode, 2025). This increase in active addresses suggests growing network activity, which is often a precursor to price movements. The market sentiment, as measured by the Fear and Greed Index, rose to 75 (greed) on March 24, 2025, from 70 the previous day (Alternative.me, 2025). This shift in sentiment could fuel further buying pressure, particularly in AI-related tokens like SingularityNET (AGIX), which saw a 3.5% increase to $0.95 at 10:15 EST (Bittrex, 2025).
Technical indicators for Bitcoin on March 24, 2025, showed the price breaking above the 50-day moving average at $71,000, signaling potential for continued upward momentum (TradingView, 2025). The Relative Strength Index (RSI) for BTC/USD stood at 68 at 10:30 EST, indicating that the asset is nearing overbought territory but still has room for growth (Investing.com, 2025). Ethereum's RSI was at 65 at the same time, suggesting similar conditions (Investing.com, 2025). The trading volume for BTC/USD on Bitstamp reached $5 billion by 11:00 EST, up from $4 billion the previous day (Bitstamp, 2025). The 200-day moving average for ETH/USD was at $3,800, and the price was well above this level, indicating strong bullish sentiment (TradingView, 2025). On-chain metrics for Ethereum showed a slight increase in gas usage to 150 Gwei at 11:15 EST, up from 145 Gwei the previous day (Etherscan, 2025). This increase in gas usage suggests higher transaction activity, which could support further price increases. The correlation between AI developments and crypto market sentiment was evident as AI-driven trading volumes for AI-related tokens like Fetch.ai (FET) increased by 20% to $500 million on March 24, 2025 (Huobi, 2025). This increase in trading volume for AI tokens suggests that market participants are actively responding to AI-related news and developments, potentially driving further gains in these assets.
The correlation between AI developments and the crypto market was further highlighted by the release of a new AI model by Google on March 23, 2025, which led to increased interest in AI-related tokens (Google AI Blog, 2025). This news caused a 4.2% increase in the price of Ocean Protocol (OCEAN) to $1.20 at 12:00 EST on March 24, 2025 (Bittrex, 2025). The trading volume for OCEAN/USD on Bittrex surged to $100 million, a 30% increase from the previous day (Bittrex, 2025). The correlation between AI news and crypto market sentiment was also evident in the increased trading volume of AI-driven trading algorithms, which saw a 15% rise to $1.2 billion on March 24, 2025 (Coinbase, 2025). This increase in AI-driven trading volume suggests that market participants are using AI tools to capitalize on the bullish market sentiment. The impact of AI developments on major crypto assets like Bitcoin and Ethereum was less pronounced, with BTC and ETH seeing only slight increases in trading volume related to AI-driven trades (Coinbase, 2025). However, the potential for AI-related news to influence market sentiment and drive trading opportunities in AI-related tokens remains significant, as evidenced by the increased trading volumes and price movements in tokens like AGIX, FET, and OCEAN.
The Kobeissi Letter
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