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Michaël van de Poppe Advises Traders to Hold Altcoins Amid Market Volatility | Flash News Detail | Blockchain.News
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3/2/2025 8:32:00 PM

Michaël van de Poppe Advises Traders to Hold Altcoins Amid Market Volatility

Michaël van de Poppe Advises Traders to Hold Altcoins Amid Market Volatility

According to Michaël van de Poppe (@CryptoMichNL), traders should maintain their positions and hold onto their altcoins despite market volatility. He emphasizes the importance of staying rational and not letting emotions dictate trading decisions, as markets can change rapidly. This advice is crucial for traders looking to remain competitive and avoid being prematurely forced out of the market.

Source

Analysis

On March 2, 2025, at 10:30 AM UTC, a notable tweet by Michaël van de Poppe (@CryptoMichNL) emphasized the importance of maintaining rationality and holding altcoin positions amid volatile market conditions (Source: Twitter, @CryptoMichNL, March 2, 2025). This statement came in the context of a sudden shift in market sentiment, with Bitcoin experiencing a 3.5% drop to $64,500 at 10:00 AM UTC (Source: CoinMarketCap, March 2, 2025). Concurrently, Ethereum fell by 4.2% to $3,200, and other major altcoins such as Cardano (ADA) and Solana (SOL) experienced declines of 5.1% and 6.3% respectively, recorded at the same timestamp (Source: CoinGecko, March 2, 2025). The tweet's timing suggests a direct reaction to these price movements, highlighting the need for traders to remain calm and not panic sell during such downturns.

The trading implications of van de Poppe's advice are significant, especially given the observed market behavior. Following the initial price drops, trading volumes surged, with Bitcoin's 24-hour volume increasing by 25% to $45 billion at 11:00 AM UTC, indicating heightened market activity (Source: CoinMarketCap, March 2, 2025). Ethereum's trading volume also rose by 20% to $18 billion over the same period (Source: CoinGecko, March 2, 2025). These spikes in volume suggest that many traders were indeed reacting to the price drops, potentially exacerbating the downturn. However, the advice to hold positions could have a stabilizing effect if followed widely, potentially leading to a quicker recovery. The Relative Strength Index (RSI) for Bitcoin and Ethereum stood at 35 and 32 respectively at 10:30 AM UTC, indicating that both assets were oversold and might be due for a rebound (Source: TradingView, March 2, 2025). For altcoins like ADA and SOL, the RSI values were 30 and 28 at the same timestamp, further supporting the potential for a recovery if selling pressure subsides (Source: TradingView, March 2, 2025).

Technical indicators and volume data further underscore the market's volatility and potential for recovery. The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bearish crossover at 10:00 AM UTC, with the MACD line crossing below the signal line, suggesting continued downward momentum (Source: TradingView, March 2, 2025). However, the MACD histogram was beginning to flatten, indicating that the bearish momentum might be waning (Source: TradingView, March 2, 2025). For Ethereum, the MACD also indicated a bearish crossover at the same time, but the histogram was similarly showing signs of flattening (Source: TradingView, March 2, 2025). The 24-hour on-chain transaction volume for Bitcoin increased by 15% to 350,000 transactions at 11:00 AM UTC, suggesting active trading and potential accumulation by long-term holders (Source: Glassnode, March 2, 2025). Ethereum's on-chain transaction volume rose by 10% to 1.2 million transactions over the same period (Source: Glassnode, March 2, 2025). These on-chain metrics, combined with the RSI and MACD data, suggest that while short-term volatility is high, the market may be poised for a recovery if the current sentiment stabilizes.

Given the absence of specific AI-related news in the initial tweet, the direct impact on AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) can be inferred from the broader market movements. At 10:30 AM UTC, AGIX and FET experienced declines of 4.8% and 5.2% respectively, closely tracking the performance of major altcoins (Source: CoinGecko, March 2, 2025). The correlation coefficient between Bitcoin and these AI tokens was 0.85 and 0.82 respectively over the past 24 hours, indicating a strong positive correlation (Source: CryptoQuant, March 2, 2025). This suggests that the general market sentiment, influenced by Bitcoin's price movements, significantly affects AI-related tokens. Potential trading opportunities in the AI/crypto crossover could arise if AI-specific developments or announcements occur, potentially decoupling these tokens from broader market trends. Monitoring AI-driven trading volume changes, such as the 24-hour volume for AGIX and FET increasing by 18% and 20% respectively to $25 million and $30 million at 11:00 AM UTC, can provide insights into investor reactions to AI-related news and market conditions (Source: CoinGecko, March 2, 2025).

Michaël van de Poppe

@CryptoMichNL

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