For-Exx Kripto 1

Five Shutdowns, One Message: Crypto Is Cleansing Itself

Last week brought five major shutdown announcements: onchain card platform
Fantasy .top, cross-chain protocol Everclear, Zerion's L2 ZERO Network, a16z-backed Syndicate Labs, and Bitcoin Depot, once North America's largest BTC ATM operator. Different layers, different models — but one reading ties them together: the sector is shedding excess.

At first glance this looks bearish. A closer look says otherwise. The projects closing are exactly the ones weighing on those still standing.

Fantasy .top never found product-market fit; its co-founder said the TCG model "was never built for crypto." Everclear hit $500M monthly volume but couldn't convert it to revenue. ZERO was wound down so Zerion could refocus on its core product. Syndicate Labs withdrew as Base and Arbitrum consolidated the market and demand for reusable rollup infrastructure collapsed. Bitcoin Depot filed for bankruptcy under regulatory and fraud pressure.

None are simple "bear market casualties." All are projects reaching the natural end of the 2021-2022 funding cycle, in categories where demand has consolidated around a few leaders. What's being cleansed isn't altcoin price inflation — it's capacity and funding excess.

Bull markets have always followed cleanups like this. The post-ICO purge of 2018-2019 birthed DeFi. The ground cleared after FTX and Terra set up the 2024 spot ETF wave. The current shakeout is removing dead weight before the next leg up.

The headlines miss the point: the market isn't weakening because these projects are closing — they're closing because the market wasn't willing to carry them. Liquidity and attention are flowing toward what deserves to survive.

Expect more shutdowns in the coming 6-12 months. Read this list not as a grim picture but as a sector disciplining itself. As weak links fall, strong ones emerge stronger.
$BTC $XRP

Crypto markets entered the holiday period with a blood-red weekend.

There isn’t a single major negative headline right now, but as I mentioned before, several key factors are creating pressure at the same time:

• The fading impact of the Clarity Act expectations is one of the biggest factors
• Trump’s harsh statements toward Iran, such as “the clock is ticking, if they don’t move fast there will be nothing left,” hurt market sentiment
• General macro uncertainty continues, driven by interest rate expectations and movements in bond yields
• The latest rise in U.S. inflation expectations to 4.8% has reopened the debate around Bitcoin’s “digital gold” narrative
• ETF outflows are also increasing pressure on the market

Right now, the picture looks more like a combination of:
“macro pressure + ETF outflows + leverage cleanup.”

In this environment, heavily leveraged long positions faced major liquidations. Around $500–600 million in long liquidations occurred over the last 24 hours, with most of them concentrated in $BTC and $ETH .

$BTC nähert sich einem wichtigen Unterstützungsniveau. Wenn die 76.000-Marke durchbrochen wird, steht der Weg für einen Abwärtstrend Richtung 74.000 offen. Es ist noch ein weiter Weg zu meinen tieferen Zielen...

The Head and Shoulders (H&S) pattern I drew your attention to 6-7 months ago on $BTC continues to work flawlessly. The first target is 57039, and the range of movement could extend to 50000, perhaps even 49600. Waiting for the 57039-50000 range to buy spot could be a good strategy.

$LUNA 2.0 is the most resilient of the Terra coins during the downturns, holding above the trend support line so far. LUNC and Ustc, on the other hand, currently appear to be the complete opposite of Luna 2.0 in their charts.

$XRP handelt weiterhin horizontal zwischen zwei gestrichelten türkisfarbenen Linien, bei 1.52 oben und 1.28 unten, wie ich bereits erwähnt habe. Nichts hat sich geändert. Es bietet gute Möglichkeiten für Short- und Long-Positionen.

$LUNC continues to trade below the trendline I've indicated with arrows; for an upward move, it needs to break above this pressure. As long as it remains below the 8200 level, its focus will be on the 5045 level.

If $LUNC wants to resume its upward trend, it must rise above the 8200 level; otherwise, the decline will extend to the 5045 level. The downward pressure trend level, which I have indicated with arrows at the top, is reinforcing the negative trend.

$BTC is retesting the support line that previously prevented its decline twice; if the 78,000 level is broken, a drop extending to the 69,000 level may occur next week.

To consider buying in the spot market, I think we should wait until the $LUNC level is 5045...
If there is a surprise and it breaks above 8200 on the daily chart and closes above that level on the daily chart, that level could be another signal to buy...

The 79000-79150 support level in Bitcoin has worked well twice, and it looks like it will attempt a third time. Let's see if there will be a reaction from there again. It's become a good playing field for short and long positions. $BTC

$LUNC failed to maintain its upward momentum above 10,000 and fell below the 8200 support level, which I consider important. The 5045 level may come into play. It would be good if it breaks above 8200.

Auch als $LUNC über 10.000 war, habe ich konstant auf die 8.200-Marke hingewiesen. Momentan findet ein Kampf zwischen Käufern und Verkäufern an dieser Marke statt. Es gab seit drei Tagen keinen täglichen Close über 10.000, und der Verkaufsdruck hat sich verstärkt. Jetzt versucht es, sich bei 8.200 zu halten. Wenn es auf dem täglichen Chart unter 8.200 schließt, könnte es auf 5.045 fallen. Wenn es sich hält, wird es zurück zur 10.000-Marke gehen. Die Bewegungen heute und morgen sowie das Stärke-Duell zwischen Käufern und Verkäufern sind entscheidend.

Interessanterweise hat $BTC in der Vergangenheit immer signifikante Rückgänge erlebt, nachdem es Änderungen im Vorsitz der Federal Reserve gab. Diese Rückgänge werden nicht nur durch den Wechsel des Fed-Vorsitzenden ausgelöst; auch andere Faktoren haben jedes Mal eine Rolle gespielt (2014: prolongierter Bärenmarkt, 2018: ICO-Blase platzte + Zinserhöhung, 2022: FTX-Crash + aggressive Zinserhöhungen). Es ist jedoch eine historische Tatsache, dass Bitcoin bei jedem neuen Vorsitzwechsel eine ernsthafte Korrektur von 60-86% erfährt. Der durchschnittliche Rückgang lag bei etwa 70-80%. Dieses Mal sind das Inflationsproblem und die Möglichkeit von Zinserhöhungen aufgetaucht. Wiederholt sich die Geschichte lediglich, oder reimt sie sich?

Obwohl $LUNC schwächer erscheint als in den vorherigen Tagen, gibt es kein Problem, solange es über 8200 bleibt. Die 8200-Marke ist die Trennlinie zwischen Positivität und Negativität; darüber ist es positiv, darunter negativ.