Storm Warfare narxJAN

The institutional interest in the layer-1 platform could explode in the coming months amid US spot SOL ETF expectations. According to Andrew Kang of crypto VC Mechanism Capital, SOL was relatively undervalued compared to its network growth ahead of likely ETF approval in Q1. Additionally, Kang cited a lack of Grayscale-like supply overhang, as key catalysts for SOL’s value. He stated, “Almost a given SOL ETF approved this year, if not in Q1 with approval deadlines in Jan-March. No grayscale Overhang like you had with ETH” At press time, bettors on the prediction site Polymarket were pricing a 74% chance of SOL ETF approval in 2025. However, SOL struggled with short-term headwinds from the macro environment. Recent US economic data reinforced sticky inflation, which could derail the Fed interest rate cut in 2025 and affect risk-on assets. Markets tanked after the macro update, but crypto dumped the hardest. SOL gave back recent gains and erased the entire early January recovery. It was down 13% and slipped below $200 as of this writing. The next key crucial support levels were at $190 and $175.$SOL

scam coin don't buy this Coin delisted date 13 jan 2025

🎙️ Join us to explore Q1 2025's most anticipated airdrop projects! 📍 discord.gg/bitget ⏰ Jan 9, 14:00 (UTC)

QCP: It's also quite unlikely we get any Trump-related catalysts till after his 20-Jan inauguration. Frontend vols have also remained soft with a relatively neutral skew which indicate a similar sentiment. With no crypto-specific catalysts on the horizon, focus will be on the first US jobs report of the year this Friday (10-Jan). However expectations for Fridays NFP will be firmed up through the week with the release of JOLTS job opening numbers and ADP on 7-Jan and 8-Jan respectively.

In as much cycle top is not in yet #Bitcoin might experience a quick flush before a sustainable rally to a cycle top. This likely scenario occurred in Jan 2024; hence, I can't rule it out yet until the invalidation. 1/2