### Overview of the Binance TR 2025 Cryptocurrency User Survey

Binance TR recently conducted a **2025 Cryptocurrency User Survey** involving **20,000 Turkish cryptocurrency users**. This comprehensive survey aims to analyze the **trends and sentiments** surrounding cryptocurrencies in Türkiye.

### Key Findings

- **Confidence Level**: An impressive **79%** of respondents expressed confidence in the future of cryptocurrencies, indicating a strong belief in the market's resilience and potential for growth.
- **User Demographics**: The survey revealed insights into the demographics of cryptocurrency users in Türkiye, highlighting key factors such as age, gender, and investment habits.
- **Investment Trends**: The survey explored investment preferences among users, showcasing a variety of cryptocurrencies and trading strategies utilized by Turkish investors.
- **Future Expectations**: Participants shared their expectations for the cryptocurrency market, including predictions on price movements and regulatory developments that may impact their investments.

### Conclusion

The results from the Binance TR 2025 Cryptocurrency User Survey underscore a significant **optimism** among Turkish cryptocurrency users, reflecting a robust engagement with the crypto market in the region.

Binance TR conducted the 2025 Cryptocurrency User Survey with the participation of 20,000 Turkish cryptocurrency users, analyzing the trends and...

79% of Turkish Cryptocurrency Users Confident About the Future: Insights from Binance TR 2025 Survey

### Bitcoin Price Update

Bitcoin (BTC) has recently approached **$95,000** during European morning hours on Friday. This comes after a drop to nearly **$90,000** late Thursday, marking a **10% decline** from a weekly high exceeding **$120,000**.

### Market Insights

While economic data and profit-taking may have impacted the recent rally, **investor behavior** signals that purchasing at current price levels could be advantageous for those looking to enter the BTC market. 

Onchain data reveals that the **Spent Output Profit Ratio (SOPR)** has increased to **0.987** as of Friday, indicating that investors who have held their bitcoins for less than six months are selling at a loss. Historically, such conditions often precede price recoveries, suggesting a potential **buying opportunity**.

Other crucial indicators, including **Market Value to Realized Value** and the **Puell Multiple**, combined with a short-term investor ratio of **60%**, suggest that the market has not yet peaked. According to **CryptoQuant's analyst MAC_D**, this week’s correction does not mark the end of the bullish cycle.

> “As short-term investors experience more pain, it often presents better opportunities for accumulation,” MAC_D stated. “If prices decline further, savvy investors will likely buy up the coins sold at lower prices by short-term holders. Hence, selling now could be a poor decision.”

### Understanding Market Indicators

The SOPR metric evaluates the profit or loss of spent bitcoin outputs by comparing the coins' last moved value to their current value. A short-term SOPR below **1** may indicate market capitulation or a bottom, suggesting it could be a **good time to buy**.

**MVRV** assesses Bitcoin's total market capitalization against its realized cap, providing insight into whether Bitcoin is overbought or oversold, which helps predict potential market tops or bottoms.

### Economic Influences

The recent surge in U.S. treasury yields, influenced by fresh economic data, has led to declines in equities and risk assets like bitcoin. The latest **Institute for Supply Management (ISM)** report revealed stronger-than-expected data for U.S. service providers, with the prices-paid measure hitting its highest level since early **2023**. 

Traders are closely monitoring the upcoming **U.S. non-farm payrolls (NFP)** release for further positioning. Strong NFP numbers could indicate a robust economy, potentially leading to interest rate hikes, which are generally unfavorable for risk assets, including bitcoin.

BTC neared $95,000 in European morning hours Friday after a slump in U.S. hours sent it to near $90,000 late Thursday, down 10% from a weekly high above $120,000.

Bitcoin Nears $95,000: Is This the Perfect Time to Buy?

### Bitcoin Accumulation Trend Score Declines

On-chain data reveals that the **Bitcoin Accumulation Trend Score** has seen a **notable decline** recently, indicating that many investors have shifted towards selling. Currently, this score sits at **0.21**.

### Understanding the Accumulation Trend Score

The **Accumulation Trend Score** is a crucial indicator that reflects whether Bitcoin investors are accumulating or distributing their holdings. It considers not just balance changes in investor wallets but also the size of those holdings. 

- A score close to **1** indicates that large entities or numerous small addresses are accumulating Bitcoin.
- Conversely, a score near **0** suggests that investors are distributing their assets or refraining from buying.

![Bitcoin Accumulation Trend Score](https://s3.tradingview.com/news/image/newsbtc:aa5ac6e4a094b-b98529c7644db9bf9dd397a4bda762c0-resized.jpeg)

### Recent Trends in Accumulation

The chart above illustrates the **Accumulation Trend Score** for Bitcoin over the past year. The dark blue/violet shades represent high accumulation, while orange/red shades indicate low accumulation. Notably, during the last months of **2024**, the score reflected strong accumulation from whales, driving Bitcoin to new all-time highs. However, as **2025** began, this trend reversed sharply, with the score plummeting to **0.21**.

### Breakdown of Investor Behavior

Glassnode has also provided insights into the behavior of different BTC cohorts. The data shows that **mega whales** (those holding over **10,000 BTC**) have been selling since **September**, with distribution intensifying in recent weeks. Other cohorts, including those holding between **1,000 and 10,000 BTC**, have also begun selling, signaling a potential bearish trend.

![Bitcoin Cohorts](https://s3.tradingview.com/news/image/newsbtc:aa5ac6e4a094b-8ca663669f87ba66efbf635e11db106b-resized.jpeg)

As long as the **Accumulation Trend Score** remains low, Bitcoin may struggle to escape its current bearish trajectory.

### Current BTC Price

As of now, Bitcoin is trading at approximately **$93,900**, reflecting a decline of over **3%** in the past week.

On-chain data shows the Bitcoin Accumulation Trend Score has observed a decline recently, a sign that investor cohorts have taken to selling.Bitcoin Accumulation Trend Score Is Currently Sitting At 0.21In a new post on X, the on-chain analytics firm Glassnode has shared an update on how the Accumul…

Is Bitcoin's Decline Here to Stay? Accumulation Trend Score Hits a New Low!

### Recent Market Dynamics

Bitcoin has experienced **significant selling pressure** lately, following a surge above the **$100K** mark. Just days after reaching this milestone, the cryptocurrency plummeted to a low of **$92,500**, raising concerns about the sustainability of its recent gains.

Despite this **dramatic price action**, data from blockchain analytics firm **IntoTheBlock** shows a **negative net flow** of Bitcoin on exchanges, indicating that **more BTC is leaving exchanges than entering**. This trend is often associated with **accumulation**, as investors transfer their assets to cold wallets for **long-term holding**.

### Diverging Trends

The **divergence** between price action and **on-chain behavior** highlights a complex market dynamic. Although selling pressure has pushed prices down in the short term, the negative net flows suggest that investors remain confident in Bitcoin as a **long-term asset**.

With Bitcoin trading around **$93,400**, it's crucial for the cryptocurrency to stabilize above key support levels. Market participants are keenly watching for signs of either a rebound or further declines, especially as Bitcoin’s performance influences broader market sentiment. The question remains: will BTC reclaim **$100K**, or is a deeper correction on the horizon?

### Long-Term Confidence Amidst Volatility

The recent price fluctuations are consistent with broader trends observed during periods of **strong market activity**. After a substantial rise since early November, a pullback was anticipated, prompting investors to speculate whether this drop indicates a deeper correction or a temporary pause in the bullish trend.

**Investor anxiety** is palpable, with many fearing a dip below current support levels. However, the overall sentiment reflects **resilience and optimism**. Despite recent declines, Bitcoin’s **negative exchange net flows** signal accumulation and long-term confidence among investors.

![Bitcoin Exchange Netflows | Source: IntoTheBlock](https://bitcoinist.com/wp-content/uploads/2025/01/btc_1511e7.jpeg?resize=980%2C287)

### Critical Support Levels

Bitcoin is currently testing critical support above **$92,000**. The bulls lost control after briefly surpassing **$100K**, making it crucial to reclaim the **$95K** level to regain momentum. If Bitcoin fails to hold above **$92K**, it risks falling to lower demand zones around **$85K**, which could attract buyers and stabilize prices.

The upcoming days will be vital as Bitcoin either recovers or faces a deeper correction. Investors remain vigilant, navigating this consolidation phase carefully, as broader market sentiment continues to influence Bitcoin's price trajectory.

Bitcoin faces crucial test after a sharp decline from $100K. Despite selling pressure data reveals significant accumulation as BTC leaves exchanges.

Bitcoin's Net Flows Reveal a Surprising Trend: Are Investors Accumulating Despite Price Drops?

### The Bitcoin Iceberg: Buyers Await Beneath The Bearish Surface

The current **Bitcoin (BTC)** market resembles an iceberg, with the visible part dominated by sellers, creating a **bearish sentiment**. However, beneath the surface, **bargain hunters** are waiting to buy coins, potentially stabilizing prices.

On major exchanges, the quote level has shifted from an **uptrend to a downtrend**, indicating more traders are opting to sell at market prices, as per data from **Hyblock Capital**.

The **order book depth** from the quote level (0%) to 1% shows a similar trend. This depth reflects the combined value of buy and sell orders at specific price levels, showcasing the market's capacity to absorb large orders at stable prices.

> "At the quote level, there was an upward trend, which has now shifted to a downward trend, indicating selling pressure, where market makers typically operate," stated **Hyblock Capital** in an analysis.

The dominance of sellers near the quote level is unsurprising, given that BTC's price has recently dropped from over **$102,000 to $94,000**, largely due to renewed **U.S. inflation concerns**. Prices even dipped as low as **$92,500** at one point.

However, the **real story** lies in the continued uptrend in market depth from **2% to 5%**, indicating a greater number of bids compared to asks at price levels away from the current market rate. This suggests that buyers are poised to enter the market at these levels.

> "Between 1% - 2% and 2% - 5% of the book, we see increased demand (more bids than asks over time)," Hyblock added.

As of now, Bitcoin is trading at approximately **$94,000**, with traders closely monitoring the upcoming **U.S. nonfarm payrolls release** for the next directional cue for risk assets.

![Trends in BTC market depth at the quote level, 0% to 1%, 1% to 2% and 2% to 5%. (Hyblock Capital)](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fd98c366d346bf3c64ab3920963f4a0ee85ecc3eb-2468x1042.png%3Fauto%3Dformat&w=3840&q=75&dpl=dpl_8sUDf8q1fC1hKygj83X2Zug7BKAF)

*Trends in BTC market depth at the quote level, 0% to 1%, 1% to 2% and 2% to 5%. (Hyblock Capital)*

BTC Bargain Hunters Wait in the Shadows as Bitcoin Price Losses Gather Pace

Are Bitcoin Bargain Hunters Ready to Make a Move Amidst Price Drops?

California's **wildfires** have wreaked havoc, destroying thousands of homes and forcing evacuations. The situation remains dire as the flames continue to spread.

### Inmates on the Frontlines

Among the first responders are **hundreds of incarcerated individuals**, with nearly **400 inmates** deployed to fight fires in and around Los Angeles County, as reported by the **California Department of Corrections and Rehabilitation (CDCR)**. 

The conditions are described as **unprecedented** by Los Angeles County Police Department sheriff **Jim McDonnell**, with experts linking the severity of the fires to **climate change**. 

### The Role of Inmates

In California, **30% to 40%** of forest firefighters are inmates, most serving time for **low-level felonies**. Many choose to join the fire department as the **conditions in prison** are often worse, making firefighting a safer option, according to former inmate firefighter **Matthew Hahn**.

This practice raises concerns about **forced labor**, which persists due to a loophole in the **13th Amendment**. Recently, California voters rejected an **anti-slavery measure** that would have banned forced labor in state prisons.

### Pay and Risks

Inmates involved in firefighting earn between **13 cents and 52 cents per hour**, with a maximum daily earning of **$5.80 to $10.24**. In emergencies, they receive an additional **$1 per hour**, totaling just over **$1 per hour** for a 24-hour shift.

Despite this low pay, incarcerated firefighters face significant dangers, being **four times more likely** to suffer injuries than professional firefighters, and **eight times more likely** to sustain injuries from smoke inhalation. This highlights the harsh realities of their **labor conditions** amidst California's devastating wildfires.

Inmates in California respond to the blazing fires, facing deadly conditions for less than minimum wage

Inmate Firefighters: Battling California's Wildfires for Pennies on the Dollar

### Key Takeaways
- **Bitcoin** surged above **$100,000** early this week but has since declined as investors reassess the **interest rate outlook** for the year.
- A **bearish engulfing pattern** has formed on the price chart, signaling a halt to the recent rally.
- Key **support levels** to monitor are around **$92,000**, **$87,000**, and **$74,000**, while important **resistance levels** are near **$100,000** and **$106,000**.

Bitcoin (BTCUSD) experienced a significant rise above **$100,000** earlier this week, but recent days have seen a decline as investors react to stronger-than-expected economic data affecting **Treasury yields**. This shift is causing downward pressure on **risk-on assets** such as Bitcoin, with concerns over the Federal Reserve's stance on interest rates.

On Wednesday, **spot Bitcoin exchange-traded funds (ETFs)** faced their second-largest daily outflows since trading began in January, indicating a cautious approach from **institutional investors**.

Despite the drop, Bitcoin has more than doubled in value over the past year, with a notable increase of about **33%** since November's election, largely driven by expectations of a favorable regulatory environment under the new administration.

As of late Thursday, Bitcoin was trading at **$93,500**, having pulled back from a weekly high of nearly **$103,000** and an all-time high around **$108,000** in mid-December.

### Bearish Engulfing Pattern Halts New Year Rally
Since reaching its all-time high, Bitcoin has faced significant selling pressure. The formation of a **bearish engulfing pattern** has interrupted the rally above the **$100K** mark. Additionally, the **relative strength index (RSI)** has dropped below **50**, indicating weakening buying momentum.

### Key Support Levels to Watch
The first support level to watch is around **$92,000**, where buying interest may emerge due to previous lows and the lower trendline of a potential **descending channel**. If Bitcoin falls below this level, it could drop to **$87,000**, where bulls may look for **entry points**. A decisive close below this level could lead to a decline to approximately **$74,000**. Longer-term investors might consider accumulating in this range near the **200-day moving average**.

### Important Resistance Levels to Monitor
If bullish momentum returns, Bitcoin may attempt to breach the psychological **$100K** mark, which could act as overhead resistance. A breakthrough above this level could lead to a retest of the significant **$106,000** level. Traders who bought during the recent pullback may look to **lock in profits** around this area.

Bitcoin surged above $100,000 early this week but has tumbled in recent days as investors reassess this year's interest rate outlook. Monitor these key chart levels.

Bitcoin's Rollercoaster: Key Price Levels to Watch After Recent Highs

### Overview
A **California resident**, Jiahui Chen, was arraigned in the Fourth Judicial District Court for her alleged involvement in a **cryptocurrency investment scam** that led to a Sheridan resident losing over **$150,000**.

### The Scam
Last summer, a Sheridan resident received a phone call from a woman impersonating a **cryptocurrency broker**. This fraudulent broker persuaded the victim to wire **$100,000** to an account named **Zap Solutions** at a New Jersey bank, claiming it would be invested in the **EDX cryptocurrency market**. 

Several months later, the victim was convinced to send an additional **$50,075** as a supposed “**blockchain fee**” to access the funds. After realizing he could not withdraw any money, the victim reported the fraud to the **Sheridan Police Department** in November.

### Arrest and Legal Proceedings
The scam continued as the victim was contacted again for another fee. On **November 14, 2024**, Chen was arrested at the victim’s home while attempting to collect cash. At her arraignment, she pleaded **not guilty** to felony attempted theft. A **jury trial** is scheduled for **May 19**, with a pretrial conference on **April 22**. Chen faces potential deportation and, if convicted, a prison sentence of up to **10 years** and a fine of **$10,000**.

A California resident who was part of an alleged cryptocurrency investment scam that resulted in a Sheridan resident losing over $150,000, was arraigned in Fourth Judicial District Court Thursday. Sheridan Media’s Ron Richter has the details. Last summer, a Sheridan resident was contacted on the phone by a woman posing to be a cryptocurrency broker. […]

79% of Turkish Cryptocurrency Users Confident About the Future: Insights from Binance TR 2025 Survey

Summary:

Overview of the Binance TR 2025 Cryptocurrency User Survey

Key Findings

Conclusion

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California Woman Arraigned for $150,000 Cryptocurrency Scam Targeting Sheridan Resident