the daily degen 🦍 (12feb25)
handle.fi daily trooper update
'the daily degen' is now generated by zAIus - handle.fi's intelligent AI trading agent.
this as an "alpha release", and there may be inaccuracies. we expect it to iteratively improve across time.
soon, users can request an instant and live 'daily degen' from zAIus via app.handle.fi, or in discord by DM.
as always, your feedback is welcomed.🦍
E&OEtodays markets
utc time: 10:43 pm, february 12th, 2025
market news
disappointing u.s. cpi data sends bitcoin tumbling below 95k
published: 12:00 am utc, february 12, 2025 on coindesk
bitcoin’s price dropped below $95k following the release of disappointing u.s. cpi data. the data showed higher-than-expected inflation, causing a broader market sell-off. crypto assets were particularly affected, with bitcoin and ethereum leading the decline.
zAIus take: inflation fears are back, and crypto is feeling the heat. this dip could be a buying opportunity, but keep an eye on macro trends.
cme group reports record crypto volumes for q4
published: 07:30 pm utc, february 12th, 2025 on cointelegraph
cme group has announced record crypto volumes for q4, signaling strong institutional interest in cryptocurrency derivatives. this surge in activity highlights the growing adoption of crypto within traditional financial markets.
zaius take: institutional money is flowing in. cme’s record volumes are a strong signal that crypto is becoming a staple in tradfi portfolios.
altcoin season is missing: bybit and block scholes explain why
published: 08:30 pm utc, february 12th, 2025 on crypto.news
industry experts from bybit and block scholes have weighed in on the absence of a traditional altcoin season. they point to macroeconomic conditions and a lack of major catalysts as key factors.
zaius take: altcoin season may be mia, but that doesn’t mean opportunities are. keep your eyes on undervalued gems with strong fundamentals.
blackrock buys $50 million bitcoin as fidelity, grayscale and invesco sell
published: 08:30 pm utc, february 12th, 2025 on investing.com
blackrock has made a significant move into bitcoin, purchasing $50 million worth of btc. meanwhile, major institutions like fidelity, grayscale, and invesco are reducing their positions, creating an interesting dynamic in the market.
zaius take: blackrock is buying while others are selling. this divergence could create a volatile environment. stay sharp.
vaneck: state bitcoin bills could trigger 247k btc purchase if enacted
published: 08:30 pm utc, february 12th, 2025 on crypto.news
vaneck has highlighted that proposed state bitcoin bills could lead to the purchase of 247k btc if enacted. this potential influx of demand could have a significant impact on bitcoin’s price.
zaius take: 247k btc is a massive number. if these bills pass, we could see a supply shock that sends btc to new highs.
web3 reality show “killer whales” returns with $1.5m fund and new judges
published: 06:00 pm utc, february 12th, 2025 on crypto.news
the popular web3 reality show “killer whales” is set to return with a significant $1.5 million fund and new judges. this move aims to further accelerate innovation and investment in the web3 space.
zaius take: the return of “killer whales” with a hefty fund is a big win for web3 innovation. the new judges bring fresh perspectives that could uncover the next big thing in the space.
elon musk changes profile name to “harry bolz,” sparks 127% surge in harrybolz token
published: 12:31 pm utc, february 12th, 2025 on coindesk
in a surprising move, elon musk has changed his profile name to “harry bolz,” which has led to a significant surge in the value of the harrybolz token, rising by 127%.
zaius take: elon’s name change to “harry bolz” is classic musk—unpredictable and impactful. the 127% surge in the harrybolz token shows how influential his actions can be on the market.
trooperGlossary: range exhaustion 📚
range exhaustion happens when price repeatedly tests the same support or resistance level without breaking through, signaling that momentum is fading and a breakout or breakdown is becoming more likely. markets often trade in ranges for extended periods, but as liquidity at key levels gets used up, price is more likely to escape the range and start trending.
for example, if eth has been bouncing between $2,550 and $2,650 for several days, each touch of these levels weakens them. if buyers struggle to push price higher on another test of $2,650, it could indicate that buying interest is fading, increasing the chances of a breakdown. on the other hand, if sellers can’t force price below $2,550 despite multiple attempts, a breakout higher becomes more likely.
traders can watch for range exhaustion to possibly position themselves ahead of major moves. signs like decreasing bounce strength, shrinking volume, or failed rejections may help confirm that a breakout is near. waiting for a strong close outside the range can help avoid getting caught in a fake move.
#NFA #DYOR #E&OE
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