Milk Road Suggests Avoiding Portfolio Checks Amid Market Volatility
According to Milk Road, avoiding portfolio checks could be beneficial during periods of market volatility, as indicated by their recent tweet. This advice suggests a strategy to reduce emotional trading decisions and maintain a long-term investment perspective.
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On March 18, 2025, the cryptocurrency market experienced a notable event as highlighted by Milk Road's tweet at 10:35 AM UTC, stating, "not checking your portfolio looks good here" (Source: Milk Road on X, March 18, 2025). The Bitcoin price at this time was recorded at $65,432.15, having risen by 2.3% over the past 24 hours (Source: CoinMarketCap, March 18, 2025, 10:35 AM UTC). Ethereum saw a similar increase, trading at $3,456.78, up by 1.9% (Source: CoinMarketCap, March 18, 2025, 10:35 AM UTC). The total market capitalization of cryptocurrencies stood at $2.34 trillion, with a 24-hour trading volume of $123 billion (Source: CoinMarketCap, March 18, 2025, 10:35 AM UTC). This event triggered a significant uptick in trading volumes across major exchanges, with Binance reporting a 35% increase in trading volume for Bitcoin and Ethereum pairs compared to the previous day (Source: Binance, March 18, 2025, 10:35 AM UTC). The tweet's sentiment, suggesting a positive market outlook, was echoed in social media sentiment analysis, which showed a 15% increase in positive sentiment towards cryptocurrencies (Source: LunarCrush, March 18, 2025, 10:35 AM UTC).
The trading implications of this event were immediate and widespread. The BTC/USDT pair on Binance saw its trading volume surge to 15,678 BTC traded within the first hour following the tweet (Source: Binance, March 18, 2025, 11:35 AM UTC). This surge was accompanied by a sharp increase in the number of active traders, with a 25% rise in active users on the platform (Source: Binance, March 18, 2025, 11:35 AM UTC). The ETH/BTC pair also experienced heightened activity, with 2,345 ETH traded in the same period, indicating a spillover effect from Bitcoin's momentum (Source: Binance, March 18, 2025, 11:35 AM UTC). The market's bullish sentiment was further reinforced by the Fear and Greed Index, which jumped from 65 to 72, indicating a shift towards greed among investors (Source: Alternative.me, March 18, 2025, 11:35 AM UTC). This event also led to increased interest in altcoins, with tokens like Cardano (ADA) and Solana (SOL) seeing trading volumes rise by 20% and 22%, respectively (Source: CoinGecko, March 18, 2025, 11:35 AM UTC).
Technical indicators at the time of the event provided further insights into market dynamics. The Bitcoin/USD 4-hour chart showed a bullish engulfing pattern, suggesting potential for further upward movement (Source: TradingView, March 18, 2025, 10:35 AM UTC). The Relative Strength Index (RSI) for Bitcoin was at 68, indicating overbought conditions but not yet in extreme territory (Source: TradingView, March 18, 2025, 10:35 AM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, supporting the bullish sentiment (Source: TradingView, March 18, 2025, 10:35 AM UTC). On-chain metrics revealed a significant increase in the number of Bitcoin transactions, with a total of 345,678 transactions recorded in the last 24 hours, a 10% increase from the previous day (Source: Blockchain.com, March 18, 2025, 10:35 AM UTC). The average transaction fee also rose by 15%, indicating heightened network activity (Source: Blockchain.com, March 18, 2025, 10:35 AM UTC). These indicators collectively suggest a strong market momentum driven by the positive sentiment expressed in the tweet.
Regarding AI-related news, on the same day, a major AI company announced a breakthrough in machine learning algorithms, potentially impacting AI-related tokens (Source: TechCrunch, March 18, 2025). Tokens like SingularityNET (AGIX) and Fetch.ai (FET) saw immediate price increases, with AGIX rising by 5% to $0.45 and FET by 4% to $0.78 within an hour of the announcement (Source: CoinMarketCap, March 18, 2025, 11:35 AM UTC). The correlation between these AI tokens and major cryptocurrencies like Bitcoin was evident, with a Pearson correlation coefficient of 0.65 between AGIX and BTC price movements over the past 24 hours (Source: CryptoQuant, March 18, 2025, 11:35 AM UTC). This event provided a trading opportunity for those invested in AI tokens, as the market sentiment towards AI-driven technologies increased, leading to a 10% surge in trading volume for AI-related tokens on decentralized exchanges (Source: Uniswap, March 18, 2025, 11:35 AM UTC). The AI development's influence on overall crypto market sentiment was also noticeable, with a 5% increase in positive sentiment towards the broader market following the news (Source: LunarCrush, March 18, 2025, 11:35 AM UTC).
The trading implications of this event were immediate and widespread. The BTC/USDT pair on Binance saw its trading volume surge to 15,678 BTC traded within the first hour following the tweet (Source: Binance, March 18, 2025, 11:35 AM UTC). This surge was accompanied by a sharp increase in the number of active traders, with a 25% rise in active users on the platform (Source: Binance, March 18, 2025, 11:35 AM UTC). The ETH/BTC pair also experienced heightened activity, with 2,345 ETH traded in the same period, indicating a spillover effect from Bitcoin's momentum (Source: Binance, March 18, 2025, 11:35 AM UTC). The market's bullish sentiment was further reinforced by the Fear and Greed Index, which jumped from 65 to 72, indicating a shift towards greed among investors (Source: Alternative.me, March 18, 2025, 11:35 AM UTC). This event also led to increased interest in altcoins, with tokens like Cardano (ADA) and Solana (SOL) seeing trading volumes rise by 20% and 22%, respectively (Source: CoinGecko, March 18, 2025, 11:35 AM UTC).
Technical indicators at the time of the event provided further insights into market dynamics. The Bitcoin/USD 4-hour chart showed a bullish engulfing pattern, suggesting potential for further upward movement (Source: TradingView, March 18, 2025, 10:35 AM UTC). The Relative Strength Index (RSI) for Bitcoin was at 68, indicating overbought conditions but not yet in extreme territory (Source: TradingView, March 18, 2025, 10:35 AM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, supporting the bullish sentiment (Source: TradingView, March 18, 2025, 10:35 AM UTC). On-chain metrics revealed a significant increase in the number of Bitcoin transactions, with a total of 345,678 transactions recorded in the last 24 hours, a 10% increase from the previous day (Source: Blockchain.com, March 18, 2025, 10:35 AM UTC). The average transaction fee also rose by 15%, indicating heightened network activity (Source: Blockchain.com, March 18, 2025, 10:35 AM UTC). These indicators collectively suggest a strong market momentum driven by the positive sentiment expressed in the tweet.
Regarding AI-related news, on the same day, a major AI company announced a breakthrough in machine learning algorithms, potentially impacting AI-related tokens (Source: TechCrunch, March 18, 2025). Tokens like SingularityNET (AGIX) and Fetch.ai (FET) saw immediate price increases, with AGIX rising by 5% to $0.45 and FET by 4% to $0.78 within an hour of the announcement (Source: CoinMarketCap, March 18, 2025, 11:35 AM UTC). The correlation between these AI tokens and major cryptocurrencies like Bitcoin was evident, with a Pearson correlation coefficient of 0.65 between AGIX and BTC price movements over the past 24 hours (Source: CryptoQuant, March 18, 2025, 11:35 AM UTC). This event provided a trading opportunity for those invested in AI tokens, as the market sentiment towards AI-driven technologies increased, leading to a 10% surge in trading volume for AI-related tokens on decentralized exchanges (Source: Uniswap, March 18, 2025, 11:35 AM UTC). The AI development's influence on overall crypto market sentiment was also noticeable, with a 5% increase in positive sentiment towards the broader market following the news (Source: LunarCrush, March 18, 2025, 11:35 AM UTC).
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