Surprising – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 19 Jul 2025 04:50:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Surprising – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin Climbs, But NVT Indicator Sends a Surprising Signal https://earlybirdsinvest.com/bitcoin-climbs-but-nvt-indicator-sends-a-surprising-signal/ https://earlybirdsinvest.com/bitcoin-climbs-but-nvt-indicator-sends-a-surprising-signal/#respond Sat, 19 Jul 2025 04:50:18 +0000 https://earlybirdsinvest.com/bitcoin-climbs-but-nvt-indicator-sends-a-surprising-signal/ Bitcoin’s recent price action has continued its upward trajectory, with the asset trading as high as above the $120,000 price mark in the past 24 hours. The move suggests persistent bullish momentum following a period of sharp decline earlier this week.

As the price inches closer to its all-time high, on-chain data is starting to paint a picture of solid transactional support behind the price movement. In particular, analysts have begun highlighting a divergence between Bitcoin’s market value and its underlying network activity.

One such observation comes from CryptoQuant analyst Sunflowr Quant, who shared insights in a recent QuickTake post examining the unusual behavior of the NVT Golden Cross indicator.

This metric, typically expected to rise in tandem with price due to its function as a ratio between market cap and transaction volume, is currently declining, which Sunflowr attributes to a significant uptick in on-chain activity.

Bitcoin On-Chain Growth Suggests Underlying Network Strength

According to Sunflowr, this inverse correlation between the rising BTC price and falling NVT Golden Cross may indicate that the current rally is driven more by actual usage and real transactions on the Bitcoin network rather than speculative trading.

“A decline in the NVT ratio during a price increase implies that the transaction volume is rising at a faster pace than the market cap,” he wrote. “This can be interpreted as a sign that the rally is supported by real economic activity.”

Bitcoin NVT Golden Cross.

This observation aligns with the broader sentiment that healthy on-chain growth can serve as a foundation for more sustainable price increases. If transaction volumes are growing organically and not solely from derivatives speculation, it suggests that user adoption and financial utility are contributing to the price strength.

Investors closely watching these indicators may find this a favorable environment, though caution remains as other metrics hint at evolving market dynamics.

Holder Rotation Signals Potential Shift in Market Participation

A separate analysis from CryptoQuant analyst IT Tech sheds light on another dimension of Bitcoin’s current market structure: holder behavior.

In a post titled “Holder Rotation,” IT Tech notes that long-term holders, those who have held BTC for more than 155 days, have recently begun net distribution, meaning they’re selling more than accumulating.

Conversely, short-term holders are showing net accumulation behavior once again, a dynamic often seen in late-stage rallies. This shift between long-term and short-term holders has historically served as a warning signal.

Bitcoin LTH net position change

Similar handoffs were observed in April 2021 and November 2023, both of which preceded local tops or cooling phases. While this doesn’t necessarily confirm a reversal, it highlights the need to monitor supporting metrics such as exchange inflows and funding rates.

“It’s a classic profit-taking pattern from seasoned wallets, while newer market participants may be entering due to rising prices,” IT Tech wrote.

Bitcoin (BTC) price chart on TradingView

Featured image created with DALL-E, Chart from TradingView

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Crypto’s Unlikely Ally: Top Analyst Reveals War As A Surprising Bullish Force https://earlybirdsinvest.com/cryptos-unlikely-ally-top-analyst-reveals-war-as-a-surprising-bullish-force/ https://earlybirdsinvest.com/cryptos-unlikely-ally-top-analyst-reveals-war-as-a-surprising-bullish-force/#respond Wed, 18 Jun 2025 11:33:04 +0000 https://earlybirdsinvest.com/cryptos-unlikely-ally-top-analyst-reveals-war-as-a-surprising-bullish-force/

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Crypto analyst Cyclop has made a potentially significant statement, claiming that the ongoing crisis between Israel and Iran may inadvertently boost the performance of digital assets. 

Despite recent volatility, which saw a sell-off of approximately $140 billion in the crypto market, Cyclop’s long-term analysis reveals a more optimistic outlook for the broader digital asset industry.

Analyst Predicts Bullish Trends For Crypto Amid Conflicts

In a recent post on X (formerly Twitter), Cyclop pointed to historical patterns that suggest geopolitical tensions often lead to bullish trends in cryptocurrency. 

Citing specific instances from April and October 2024, he noted that Bitcoin (BTC) experienced an initial decline of 18% and 10% respectively during these conflicts, only to rebound with impressive gains of 28% and 62% shortly thereafter. 

This trend, he argues, indicates a recurring cycle where war-related dips in crypto prices eventually transform into significant growth, as can be depicted in the chart below shared by Cyclop.

Related Reading

Crypto
Historical data shows significant price increases for BTC following previous conflicts. Source: Cyclop on X

The analyst explains that while such conflicts can trigger short-term bearish movements, the overarching impact tends to be favorable for cryptocurrencies. 

As wars ignite fears of inflation and instability, Cyclop has noted that many investors for the traditional finance arena turn to crypto as a hedge against weakening fiat currencies

Unlike traditional bank accounts, cryptocurrencies are not subject to freezing, he said, making them appealing during times of geopolitical unrest. Increasingly, digital currencies are being viewed as a form of “digital gold,” a safe haven in tumultuous times.

Favorable Macroeconomic Factors

The current market dynamics echo previous events, such as the Russia-Ukraine conflict and US-Iran tensions in 2020, which similarly resulted in temporary dips followed by recoveries. Cyclop remains confident that the present situation will yield similar outcomes, despite the typical summer slowdown that often affects market activity.

Supporting this bullish sentiment are favorable macroeconomic factors. Recent developments indicate that the US and China have reached a compromise, easing tariffs and aiming to stabilize global supply chains. This move is expected to help cool inflation and restore investor confidence. 

Moreover, President Donald Trump’s decision to delay new tariffs has contributed to a more risk-friendly environment, allowing liquidity to flow back into crypto markets.

Related Reading

Further aiding this positive outlook is the latest Consumer Price Index (CPI) report, which showed a modest increase of just 0.1% month-over-month, slightly below forecasts. 

With year-over-year inflation at 2.4%—down from an expected 2.5%—the Federal Reserve (Fed) is now anticipated to cut interest rates twice by the end of the year. Historically, such rate cuts have been bullish for cryptocurrencies, as they often lead to increased liquidity in the markets.

While the immediate aftermath of the Israel-Iran conflict may present challenges, historical data suggests that cryptocurrencies have the potential to thrive in such environments. 

Crypto
The daily chart shows the total crypto market cap at $3.23 trillion. Source: TOTAL on TradingView.com

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

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Trump’s chaotic, surprising first 100 days https://earlybirdsinvest.com/trumps-chaotic-surprising-first-100-days/ https://earlybirdsinvest.com/trumps-chaotic-surprising-first-100-days/#respond Tue, 29 Apr 2025 20:23:14 +0000 https://earlybirdsinvest.com/trumps-chaotic-surprising-first-100-days/

During his campaign, President Donald Trump was exceedingly clear about his plans for a second term. He released policy videos, made sweeping proclamations on the stump, and his allies published reams of ideas, perhaps none as infamous as Project 2025.

Trump spelled things out so explicitly, it seemed as if it would be difficult to be surprised by anything he ended up doing. Despite that, he has managed to do a number of unexpected things, and has certainly operated in novel ways.

I asked several Vox politics and policy writers about what has surprised them about Trump’s first 100 days. This is what they had to say:

DOGE’s rapid rise and fall

Like all of Washington, I was surprised by the “Department of Government Efficiency.”

Most anticipated Elon Musk’s spending-cutting effort would be a toothless advisory panel, not a wrecking ball smashing the federal workforce. Musk was surprisingly savvy about seizing control of the levers of government power, like the ability to place civil servants, cancel contacts, or send threatening emails to every civil servant.

The eventual outcome was less surprising, though: He hit a wall. Trump’s Cabinet secretaries became frustrated that Musk had usurped their power, and demanded he be reined in. Trump complied — and DOGE was leashed. —Andrew Prokop

The administration is surprisingly incompetent

In his first term, Trump’s “malevolence,” as the legal analyst Benjamin Wittes put it, was “tempered by incompetence.” One of the pro-democracy advocates’ biggest fears of a second Trump term was that the president would be more experienced, competent, and prepared to execute his antidemocratic agenda. Surprisingly, so far, there hasn’t been much evidence that this Trump administration is any more competent than the last.

In its first 100 days, this administration kicked off its feud with Harvard University by sending the university a letter by mistake; deported Salvadoran immigrant Kilmar Abrego Garcia because of an “administrative error”; slapped tariffs on an island of penguins uninhabited by humans; inadvertently filed documents outlining the flaws in its plan to end New York City’s congestion pricing; and accidentally looped in a journalist on a Signal chat plotting airstrikes in Yemen.

The problem is that this time around, the Trump administration has not been tempered by incompetence. In each of these cases — and in others — it has only leaned into its anti-democratic tendencies. So the danger posed by the second Trump administration, it seems, isn’t competence, but an unwillingness to admit mistakes and a penchant for doubling down. —Abdallah Fayyad

Trump’s immigration policy is still pretty popular

The public gave Trump the benefit of the doubt on immigration throughout February and March: According to averages of his job approval by the pollster Adam Carlson, he had mostly positive marks.

That trend held until mid-April. Over one month, Trump’s rating on immigration dropped 7 points — largely aligned with the time in which the case of Kilmar Abrego Garcia, the wrongly deported Salvadoran immigrant, dominated headlines.

Still it’s not the kind of mass disapproval Trump saw on immigration during his first term. There may be a simple explanation: The country has changed since 2017, becoming much more hostile to immigration in general.

The durability of Trump’s polling on immigration — at least compared to other issues, where he’s deeply underwater — is surprising. Despite weeks of negative press coverage, high-profile deportations of migrants and students on visas, and a negative Supreme Court ruling, immigration remains the most popular of Trump’s issues: 47 percent approve, while 51 percent disapprove, according to a New York Times/Siena College poll from this month.

Essentially, the public does seem to be — finally, gradually — turning against Trump on immigration. Whether that continues is hard to say, however. —Christian Paz

Democrats haven’t figured out how to handle Trump

During Trump’s first term, Democrats took on the identity of a vocal opposition party. Now, despite campaigning on the idea that a second Trump term was an existential threat to democracy, Democratic lawmakers seem to have receded into the background.

There have been some notable singular efforts to push back against Trump, including Sen. Cory Booker’s record-long Senate floor speech in April, and Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders’s anti-Trump nationwide tour. But the party as a whole has yet to find a unified strategy for opposing Trump.

Democrats’ inaction might be deliberate. Trump is already implementing unpopular policies that are tanking his poll numbers, without any meaningful assistance from Democrats. But in letting Trump be Trump, Democrats appear to be allowing president to dismantle key institutions and trample on civil liberties unchecked. It’s an approach that could risk permitting the country to sleepwalk into authoritarianism — and that’s a risk that I’m surprised they’re willing to take. —Nicole Narea

The FBI is on the sidelines

The FBI has, historically, been one of the most potent tools of political repression in the United States — look, for example, at its ruthless campaign to get Martin Luther King Jr. to consider killing himself by threatening to expose his infidelity.

But in the Trump administration, the FBI has mostly been an inefficacious sideshow, with the most aggressive crackdowns on civil liberties conducted by US Immigration and Customs Enforcement (an agency that necessarily has a more limited scope).

This is one of the biggest “dogs that didn’t bark” in the second Trump administration, and I think it’s for two reasons.

First, Trump’s leadership picks — FBI director Kash Patel and deputy director Dan Bongino — are basically incompetent. Both are Trump loyalists, who no doubt would be willing to deploy aggressive tactics on his behalf, but neither seems to possess the skill set necessary to turn the FBI into a tool of authoritarian repression (at least, not this quickly).

Second, the FBI has professionalized since the days of J. Edgar Hoover, and many of its professional higher-ups and field agents do not want to be party to power abuses. Those two factors are, at least for now, keeping a potentially significant threat to democracy at bay. —Zack Beauchamp

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US vs. Korea: The Surprising Split in Bitcoin (BTC) Trader Behavior https://earlybirdsinvest.com/us-vs-korea-the-surprising-split-in-bitcoin-btc-trader-behavior/ https://earlybirdsinvest.com/us-vs-korea-the-surprising-split-in-bitcoin-btc-trader-behavior/#respond Fri, 18 Apr 2025 04:23:25 +0000 https://earlybirdsinvest.com/us-vs-korea-the-surprising-split-in-bitcoin-btc-trader-behavior/

There is a notable divergence in Bitcoin investor behavior between the US and Korean markets. Amid heightened global uncertainty, which is fueled by escalating US-China trade tensions, Bitcoin has experienced a sharp correction, though recent signs point to stabilization.

Interestingly, the Coinbase Premium, a metric that reflects the price difference of Bitcoin on Coinbase versus global exchanges, is showing signs of recovery.

After tightening through a series of lower highs and higher lows since March 2024, the premium has recently begun to trend upward, which suggests a renewed buying interest from US-based institutional and retail investors. This activity coincides with Bitcoin’s modest rebound and signals that Coinbase traders may be positioning ahead of broader market shifts.

On the other hand, the Korea Premium Index paints a more cautious picture. The metric, which typically signals increased activity among South Korean retail investors, has remained in a downtrend throughout the correction and only saw a delayed uptick after Bitcoin had already rallied. This lag indicates waning enthusiasm from Korean investors compared to previous cycles, where they were often early and aggressive participants.

The contrasting behavior highlighted a shift in market influence, with Western platforms like Coinbase now leading price discovery. As such, CryptoQuant stated that while the Korea Premium may serve as a lagging indicator in this cycle, the Coinbase Premium could offer forward-looking insights into demand trends.

Despite ongoing macroeconomic headwinds, the strengthening Coinbase Premium hints at growing confidence and a potential medium- to long-term recovery in Bitcoin’s trajectory.

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Why Most Traders Lose Money – 24 Surprising Statistics https://earlybirdsinvest.com/why-most-traders-lose-money-24-surprising-statistics/ https://earlybirdsinvest.com/why-most-traders-lose-money-24-surprising-statistics/#respond Tue, 11 Feb 2025 12:54:24 +0000 https://earlybirdsinvest.com/why-most-traders-lose-money-24-surprising-statistics/

“95% of all traders fail” is the most commonly used trading related statistic around the internet. But no research paper exists that proves this number right. Research even suggests that the actual figure is much, much higher. In the following article we’ll show you 24 very surprising statistics economic scientists discovered by analyzing actual broker data and the performance of traders. Some explain very well why most traders lose money.

95 percent of traders fail

 

  1. 80% of all day traders quit within the first two years. 1
  2. Among all day traders, nearly 40% day trade for only one month. Within three years, only 13% continue to day trade. After five years, only 7% remain. 1
  3. Traders sell winners at a 50% higher rate than losers. 60% of sales are winners, while 40% of sales are losers.2
  4. The average individual investor underperforms a market index by 1.5% per year. Active traders underperform by 6.5% annually. 3
  5. Day traders with strong past performance go on to earn strong returns in the future. Though only about 1% of all day traders are able to predictably profit net of fees. 1
  6. Traders with up to a 10 years negative track record continue to trade. This suggests that day traders even continue to trade when they receive a negative signal regarding their ability. 1
  7. Profitable day traders make up a small proportion of all traders – 1.6% in the average year. However, these day traders are very active – accounting for 12% of all day trading activity. 1
  8. Among all traders, profitable traders increase their trading more than unprofitable day traders. 1
  9. Poor individuals tend to spend a greater proportion of their income on lottery purchases and their demand for lottery increases with a decline in their income. 4
  10. Investors with a large differential between their existing economic conditions and their aspiration levels hold riskier stocks in their portfolios. 4
  11. Men trade more than women. And unmarried men trade more than married men. 5
  12. Poor, young men, who live in urban areas and belong to specific minority groups invest more in stocks with lottery-type features. 5
  13. Within each income group, gamblers underperform non-gamblers. 4
  14. Investors tend to sell winning investments while holding on to their losing investments. 6
  15. Trading in Taiwan dropped by about 25% when a lottery was introduced in April 2002. 7
  16. During periods with unusually large lottery jackpot, individual investor trading declines. 8
  17. Investors are more likely to repurchase a stock that they previously sold for a profit than one previously sold for a loss. 9
  18. An increase in search frequency [in a specific instrument] predicts higher returns in the following two weeks. 10
  19. Individual investors trade more actively when their most recent trades were successful.11
  20. Traders don’t learn about trading. “Trading to learn” is no more rational or profitable than playing roulette to learn for the individual investor.1
  21. The average day trader loses money by a considerable margin after adjusting for transaction costs.
  22. [In Taiwan] the losses of individual investors are about 2% of GDP.
  23. Investors overweight stocks in the industry in which they are employed.
  24. Traders with a high-IQ tend to hold more mutual funds and larger number of stocks. Therefore, benefit more from diversification effects.

 

Conclusion: Why Most Traders Lose Money Is Not Surprising Anymore

After going over these 24 statistics it’s very obvious to tell why traders fail. More often than not trading decisions are not based on sound research, tested trading methods or their trading journal, but on emotions, the need for entertainment and the hope to make a fortune in no time.

What traders always forget is that trading is a profession and requires skills that need to be developed over the years. Therefore, be mindful of your trading decisions and the view you have on trading. Don’t expect to be a millionaire by the end of the year, but keep in mind the possibilities trading online has. 

We, at Tradeciety, built the Edgewonk trading journal which is a trading tool that allows traders to track and analyze their trades to improve their trading performance. A trading journal is a great way to become a professional trader and start taking trading seriously. 

 

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1Barber, Lee, Odean (2010): Do Day Traders Rationally Learn About Their Ability?
2Odean (1998): Volume, volatility, price, and profit when all traders are above average
3Barber, & Odean (2000): Trading is hazardous to your wealth: The common stock investment performance of individual investors
4 Kumar: Who Gambles In The Stock Market?
5 Barber, Odean (2001): Boys will be boys: Gender, overconfidence, and common stock investment
6Calvet, L. E., Campbell, J., & Sodini P. (2009). Fight or flight? Portfolio rebalancing by individual investors.
7Barber, B. M., Lee, Y., Liu, Y., & Odean, T. (2009). Just how much do individual investors lose by trading?
8Gao, X., & Lin, T. (2011). Do individual investors trade stocks as gambling? Evidence from repeated natural experiments
9Strahilevitz, M., Odean, T., & Barber, B. (2011). Once burned, twice shy: How naïve learning, counterfactuals, and regret affect the repurchase of stocks previously sol.
10Da, Z., Engelberg, J., & Gao, P. (2011). In search of attention
11De, S., Gondhi, N. R. & Pochiraju, B. (2010). Does sign matter more than size? An investigation into the source of investor overconfidence

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Money Talks: The Black Keys’ Surprising Crypto Performance https://earlybirdsinvest.com/money-talks-the-black-keys-surprising-crypto-performance/ https://earlybirdsinvest.com/money-talks-the-black-keys-surprising-crypto-performance/#respond Sat, 08 Feb 2025 06:30:30 +0000 https://earlybirdsinvest.com/money-talks-the-black-keys-surprising-crypto-performance/

The Black Keys took the stage at a 2024 event called “America Loves Crypto”, but their appearance was not about supporting digital currencies.

Instead, drummer Patrick Carney later admitted they played simply because they needed the money.

The event was part of a series organized by Stand With Crypto, a group advocating for pro-crypto political candidates ahead of the US presidential election. The Black Keys’ involvement was surprising, considering they had previously made fun of non-fungible tokens (NFTs) while promoting their latest album.

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Speaking to Rolling Stone on February 6, Carney explained their decision:

It was very simple. We had lost all of our income for the year. We had retainers for people that we were working with. We got offered a lot of money to play a show, and we saw that the Black Pumas had done the same event and we were like, ‘Book it.’ It’s that simple, bro.

When asked if they were crypto supporters, Carney brushed it off with a joke, saying they were fans of Crisco, the cooking brand.

Stand With Crypto, originally launched by Coinbase



$3.42B

, had endorsed 39 candidates for Congress, almost evenly split between Republicans and Democrats. However, some The Black Keys fans were unhappy with the political figures the group supported.

Carney acknowledged the backlash but said, “We were told it was a bipartisan thing. It was what it is.” He also pointed out that the show was small, held in their hometown, and gave them a chance to visit family.

Meanwhile, Sony’s blockchain platform, Soneium, recently released its first music NFT collection. What does it include? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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