Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part – in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books – ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time – he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon – cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment – spreading the crypto gospel to the rest of the world.

• Bitcoin (BTC) is trading in a low-liquidity “air gap” between $110K and $116K, according to Glassnode.
• The market is “re-finding its footing” after a post-all-time-high correction amidst low volume and weak conviction.
• Spot Bitcoin ETF flows recently turned negative, with a 1,500 BTC outflow marking the largest since April.

Bitcoin is treading water around the $115,000 mark on Thursday morning in Asia, up a modest 1% over the last 24 hours, as the inevitable correction following its recent all-time high continues to unfold amidst low trading volumes and a clear lack of market conviction.

Analysts are now closely watching a low-liquidity zone that could either serve as a new foundation for the next leg up or become a trapdoor for a deeper price drop.

According to on-chain analytics firm Glassnode, Bitcoin has entered what it describes as an “air gap”—a low-liquidity zone between $110,000 and $116,000.

This has occurred after the price broke down from a major supply cluster where short-term holders had previously found significant support. These “air gaps” are areas that typically see very little historical trading activity.

They can either provide an opportunity for new buyers to accumulate positions and build a strong base, or, if demand fails to materialize, they can lead to sharp and swift moves to the downside.

“The market is effectively re-finding its footing,” the Glassnode analysts wrote, framing the range between $110,000 (the prior all-time high) and and 116,000 (the cost basis for recent buyers ) as the new critical battleground.

They noted that while some opportunistic buying has emerged on there cent dip, with approximately 120,000 BTC acquired by new buyers, the price has yet to reclaim key resistance levels convincingly.

A particularly important threshold is the 116,9K level, which marks the entry point for many recent short-term holders.

Cooling sentiment: ETF outflows and reduced leverage

Several indicators point to a cooling of the bullish fervor that recently propelled Bitcoin to its record highs. Short-term holder profitability has dropped from a peak of 100% down to 70%.

While Glassnode frames this as a typical development for a bull market’s mid-phase, they caution that without a fresh wave of capital inflows, this could quickly erode market sentiment.

Indeed, spot Bitcoin ETF flows have recently turned negative, with a 1,500 BTC outflow recorded earlier this week—the largest single-day outflow since April.

At the same time, funding rates in the derivatives market have cooled significantly, a sign of reduced leverage and a more cautious stance among speculative traders.

Market maker Enflux offered a similar take on the current environment. “Crypto markets remain in a fragile holding pattern. Despite some relief in the altcoin space, majors like BTC and ETH are still struggling to inspire confidence,” the firm wrote in a recent client note.

“The broader trend? Heavy legs with more or less light volume.” Enflux concluded, “Until BTC and ETH reclaim strength with volume, the path of least resistance could remain sideways to down.”

The market’s next significant move now likely hinges on whether a new cohort of buyers is willing to step in and build a solid support base within this low-volume “air gap,” or whether another flush down towards the $110,000 level is needed to fully reset the trend.

For now, traders remain cautious, and the bulls are yet to prove they have regained control.

Broader market snapshot

• BTC: While the market navigates this “air gap,” some observers are pointing to a potential, longer-term Bitcoin supply shock.

• This is being driven by reportedly drying up reserves on Over-The-Counter (OTC) desks and steady corporate accumulation, a combination that could “uncork” a major price move after a potential dip below $110,000.

• ETH: Ethereum (ETH) is up 2% in the last 24 hours, trading just below the $3,600 mark. The CoinDesk 20 Index, which tracks a broad basket of crypto assets, gained 1.69% to 3,815.22.

• Gold: Gold’s recent rally stalled on Wednesday as traders took profits. The market is currently weighing rising odds of a Federal Reserve rate cut against ongoing U.S. trade tensions and a looming Fed leadership shakeup.

• This has left prices flat after a three-day gain that was driven by signs of economic weakness. Spot gold last traded at $3,372.11, down 0.24% on the day.

Key takeaways

• BTC has dropped to the $114,500 region after breaking above $115k earlier.
• The coin could decline towards $113k if bullish momentum fades.

Bitcoin ETF inflow returns, but price remains stagnant

Bitcoin, the leading cryptocurrency by market cap, is up less than 1% in the last 24 hours despite positive macroeconomic factors. At press tim,e BTC is trading around $114,500 after failing to hold price above $115k.

The current price action comes after stabilization in institutional flows, with Bitwise reporting $18.74 million in net inflows, a potential reversal after one of the largest ETF outflow days on record last week.

If ETF inflows continue and implied volatility begins to compress, BTC could rally higher, allowing the cryptocurrency to reclaim its previous levels around $118. 

BTC could retest $113k before rallying higher

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has been underperforming over the past few days. The technical indicators remain stagnant as the market continues to consolidate.

The Relative Strength Index of 49 shows that the bearish trend could be fading as it approaches the neutral zone. The MACD lines are also within the neutral zone, suggesting a consolidating market. 

Bitcoin’s rally is sustainable once the RSI crosses and stays above 50. If the market conditions improve, BTC could rally towards the TLQ at $116k. Surpassing this resistance level would allow BTC to retest the major resistance zone at $120k over the coming hours or days.

However, the market conditions remain unclear, and Bitcoin could undergo a correction. If that happens, the bulls might be prompted to defend the major support level around $112k. Failure to hold this support level would see Bitcoin trade below $110k for the first time since July 9. 

Currently, the market conditions are stable, with no clear bullish or bearish direction for traders.

• Bitcoin (BTC) has rebounded to trade above $115,000 after a selloff that saw over $1B in liquidations.
• The recent correction was driven by weak US jobs data and a new wave of US tariffs.
• QCP Capital views the selloff as a “leverage flush,” noting that the broader structural setup for BTC remains intact.

Bitcoin (BTC) is staging a modest rebound as the East Asian trading day gets underway, changing hands at just over the $115,000 mark.

This recovery comes after a punishing selloff last week that saw over $1 billion in leveraged long positions liquidated and the leading cryptocurrency briefly test the $113,000 level.

While the bounce is a welcome sign for bulls, the market remains on edge, with investors carefully weighing signs of institutional stabilization against persistent macroeconomic fears.

The aftermath of a ‘leverage flush’: a cautious optimism

The latest market correction, which marked Bitcoin’s third consecutive Friday selloff, was fueled by a hawkish macroeconomic cocktail.

Weaker-than-expected US jobs data, combined with a fresh wave of tariffs announced by Washington, triggered a broader “risk-off” mood that hit both equities and crypto.

Altcoins bore the brunt of this downward move, with Solana (SOL) falling nearly 20% on the week and Ethereum (ETH) losing close to 10%.

Despite this sharp drop, some market observers, like trading firm QCP Capital, remain cautiously optimistic. “The broader structural setup remains intact,” the firm wrote in a Monday note, pointing to the fact that Bitcoin had achieved its highest-ever monthly close in July.

QCP views the recent selloff not as a fundamental trend reversal, but rather as a necessary “leverage flush”—a painful but healthy shakeout of over-leveraged positions that has historically cleared the path for renewed accumulation and the next leg higher.

Hedging and headwinds: investors still price in downside risk

That said, market hedging behavior suggests that investors are not yet ruling out the possibility of deeper downside.

On the prediction market Polymarket, traders are currently assigning a 49% probability that Bitcoin will dip below the $100,000 mark before the end of 2025.

This represents a 2 percentage point increase from the day prior, indicating that near-term anxiety is still very much present.

This pricing reflects a market that is still on a knife’s edge.

Downside tail risk is clearly being priced in, despite a host of supportive long-term fundamentals, which include increasing regulatory clarity, growing stablecoin adoption, and a wave of real-world asset tokenization initiatives.

The next major catalyst for the market could come during the Asia trading day, as US issuers report their latest ETF flow data, which typically happens by mid-day Hong Kong time.

The market’s stabilization appears to be supported by some early positive signs on this front, with Bitwise reporting $18.74 million in net inflows, a potential reversal after one of the largest ETF outflow days on record last Friday.

If these ETF inflows continue to show strength and implied volatility begins to compress, it may provide the confirmation that the market needs to fully embrace the “buy-the-dip” narrative and shake off the macro jitters that have kept it stuck in neutral.

Broader market snapshot

• BTC: Bitcoin is trading back above $115,000, signaling early signs of market stabilization after a volatile week.

• ETH: Ether is holding steady around $3,700, with Polymarket traders showing confidence that it will break above the $4,000 mark sometime in August.

• Gold: Gold extended its rally for a third consecutive session on Monday, rising to a two-week high. The move was driven by soft US economic data, which has boosted expectations of a September Federal Reserve rate cut. CME traders are now pricing in an 86% chance of that happening.

• Nikkei 225: Asia-Pacific markets opened higher after US President Donald Trump unveiled plans to sharply increase tariffs on Indian exports. Japan’s Nikkei 225 rose 0.54% at the open.

• S&P 500: US stocks rebounded sharply on Monday, with the S&P 500 rising 1.47% to 6,329.94. The move snapped a four-day losing streak and marked the index’s best single session since May.

• Bitcoin (BTC) fell 2.3% to ~$115,300, pressured by a third major wave of profit-taking and new US tariffs.
• $6–8 billion in realized gains were recorded in late July, with an “OG whale” selling 80,000 BTC on July 25.
• New tariff tensions, including measures targeting Canada, have rattled broader risk assets, including crypto.

Bitcoin is poised to end the trading week in Asia on a weaker note, down 2.3% on the day and changing hands above the $115,300 mark.

The leading cryptocurrency is grappling with a combination of renewed tariff pressure from the White House and a significant wave of profit-taking, following its historic run to new all-time highs.

According to a new report by on-chain analytics firm CryptoQuant, the Bitcoin market has just experienced its third major profit-taking wave of the 2023–2025 bull cycle.

A substantial $6–8 billion in realized gains were recorded in late July, indicating a significant number of investors chose to cash in on the recent price surge.

Like the previous two phases of profit-taking in this cycle, this latest wave was defined by large spikes in the Spent Output Profit Ratio (SOPR), a metric that indicates whether coins being sold are in profit or loss. This was particularly evident among short-term holders.

The wave was further intensified by a significant 80,000 BTC sell-off by an “OG whale” (an early, long-time holder) on July 25.

The data provider also noted that “new whale cohorts”—those who have accumulated their Bitcoin within the last 155 days—were the dominant sellers during this period.

In a clear sign of intent to exit positions at what were perceived as peak prices, exchange inflows surged to a massive 70,000 BTC in a single day after the OG whale’s sell-off.

The selling pressure was not confined to Bitcoin alone; Ethereum-based whales holding assets like WBTC (Wrapped Bitcoin), USDT, and USDC also realized up to $40 million in daily profits, further supporting the narrative of a broad-based capital rotation out of some positions.

Historically, these major profit-taking events have been followed by a two- to four-month period of market consolidation before the next major leg higher, CryptoQuant wrote in its report.

That very pattern may be playing out again, particularly as appetite from US investors appears to be waning. The Coinbase premium, a key indicator that tracks the price difference between Coinbase and other global exchanges, has recently flipped negative.

This suggests that American buyers are no longer willing to pay a premium for Bitcoin, a sign of cooling demand in a crucial market.

Tariff jitters return, adding to market pressure

Adding to this cautious internal market dynamic is the re-emergence of macroeconomic risk.

A new round of global tariffs from the White House is dragging down markets in Asia, with Japan’s Nikkei 225 and South Korea’s KOSPI both opening in the red.

Bitcoin, too, is not immune to these pressures. Historically, digital assets have tended to follow equity markets lower when the White House announces new tariffs, and while this correlation has shown signs of weakening, it has not disappeared entirely.

President Trump’s latest tariff escalation, which includes new measures that specifically target Canada, has rattled broader risk assets, with equities, bonds, and crypto all seeing declines amidst fears of renewed inflation and further supply chain disruptions.

Without a clear new macro catalyst or a resurgence of strong, structural inflows, risk-taking in the crypto market is likely to remain selective, with conviction being light. Market maker Enflux, in a note to CoinDesk, echoed this sentiment.

“Until BTC or ETH can post a clean reclaim of recent local highs, price action may stay choppy and rotation thematic rather than trend-driven,” the firm stated, suggesting a period of sideways, volatile trading may lie ahead.

Renowned macroeconomist Henrik Zeberg has set the financial world abuzz with a stark prognosis on X (formerly Twitter), forecasting a dramatic surge in the Bitcoin price to a peak of $115,000 to $150,000. However, this meteoric rise is predicted to find an abrupt end, caused by a devastating macroeconomic downturn, one that Zeberg anticipates will be the most severe since the 1929 crash.

Why A Recession Will Hit The US In 2024/2025

At the core of Zeberg’s argument are seven reasons. Zeberg asserts, “Our Business Cycle has flashed a recession signal in 2023. Leading Indicators have crashed under our Equilibrium Line. In 80 years of data, the recession Signal from our Model has NEVER been wrong. No false signals – ever!” This model, with its unwavering accuracy over eight decades, forms the bedrock of his grim forecast.

Zeberg also delves into the significance of yield inversion, a well-documented precursor to economic downturns. Despite the signal’s dismissal by analysts in 2023 due to impatience, Zeberg emphasizes its historical reliability, noting, “From the bottom of the Yield Inversion, we normally see 12-15 months before a recession sets in. This signal is very much alive!” His remarks underscore a widespread underestimation of this critical indicator.

The economist further examines the trajectory of US industrial production, drawing alarming parallels to the period just before the 2007-08 financial crisis. He observes a similar pattern of divergence and warns of a strong impending drop in industrial production, signaling the onset of a recession.

Zeberg’s analysis extends to the housing market, where he highlights the plummeting NAHB index as a significant warning sign. “The bigger the decline in NAHB – the larger the rise in Unemployment,” he states, pointing to the direct relationship between housing market distress and the broader economy. This situation is exacerbated by rising interest rates, which lead to reduced consumer spending and, consequently, an economic downturn.

Moreover, personal interest payments are another cornerstone of Zeberg’s argument. He notes the historical pattern where increases in market rates burden consumers with higher mortgage and debt payments, ultimately leading to recessions. “Every rise in rates over the years has caused a recession, as consumers need to pull back on their Consumption,” Zeberg cautions, highlighting the lag inherent in the economic business cycle.

Housing affordability, or the lack thereof, is also a critical component of his analysis. With affordability plummeting below levels seen before the financial crisis, Zeberg paints a grim picture of the near future, where a deteriorating unemployment situation could lead to widespread defaults and a housing market collapse.

Lastly, Zeberg points to the bloated inventory levels of retailers and companies worldwide. He describes this as a hangover from the demand hype of 2021-22, driven by stimulus funds that have since dried up. This mismatch between supply and anticipated demand, he suggests, is a ticking time bomb for the economy.

Bitcoin: A Mirage Before The Storm

In the midst of this dire economic forecast, Zeberg casts a unique spotlight on Bitcoin. He predicts a fleeting period of euphoria for the cryptocurrency, with its value skyrocketing to an all-time high, potentially reaching between $115,000 and $150,000. He also provocatively states, “@Peter Schiff: See you at BTC = 100X 1 ounce of Gold.”

@PeterSchiff

See you at BTC = 100X 1 ounce of Gold

pic.twitter.com/rRf4MM9qYd

— Henrik Zeberg (@HenrikZeberg) January 17, 2024

However, Zeberg cautions that this surge is part of a broader misleading narrative. “The Soft Landing Narrative is what will dominate into the top in #Equities #Crypto #BTC,” he elaborates. This narrative, according to him, is a mirage that will mislead economists and analysts as they try to rationalize the ‘blow off top,’ a phenomenon they failed to forecast.

The reality, as Zeberg sees it, is starkly different: “Stock Market and Crypto will SOAR into early 2024. Euphoria will develop. Everybody will get onto the wrong side of the boat – just as Equity and Crypto Markets put in a major top. Recession sets in a few months later in 2024.”

In conclusion, Zeberg’s analysis foresees a major recession, one that he believes is inevitable and imminent. “The Titanic has already hit the Iceberg – and it will sink,” he starkly notes, dismissing any interventions from the Fed or any administration as futile.

The question is how Bitcoin might behave in a recession, something the cryptocurrency has not experienced since its inception in 2009. Will BTC become a safe haven, or will it follow the fate of equities, as Zeberg predicts?

At press time, the Bitcoin price continued its sideways trend, trading at $42,392.

Featured image from DALL·E , chart from TradingView.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.