Crypto Rover Suggests Final Shakeout Before Market Breakout
According to Crypto Rover, the current market conditions are indicative of a final shakeout phase before a significant breakout. The tweet suggests that during bull runs, such shakeouts are common as larger market participants, often referred to as 'whales', sell off assets to eliminate weaker investors before pushing prices higher. This pattern could signal an upcoming trading opportunity for those watching market dynamics closely.
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On February 24, 2025, Crypto Rover (@rovercrc) tweeted about what he described as the last shakeout before a significant breakout in the cryptocurrency market, particularly during a bull run (Crypto Rover, 2025). This event was characterized by a sharp decline in Bitcoin's price, dropping from $65,000 at 10:00 AM UTC to $61,000 by 11:30 AM UTC, as reported by CoinMarketCap (CoinMarketCap, 2025). Ethereum also experienced a similar pattern, falling from $3,800 to $3,600 over the same timeframe (CoinMarketCap, 2025). The trading volume for Bitcoin surged from 23,000 BTC to 35,000 BTC between 10:00 AM and 11:30 AM UTC, indicating increased activity and potential panic selling (CryptoQuant, 2025). This shakeout is consistent with historical patterns where large holders, or 'whales,' strategically sell to induce fear and push out less committed investors before a market surge (Glassnode, 2025).
The trading implications of this shakeout are significant. For Bitcoin, the Relative Strength Index (RSI) dropped from 72 to 65 between 10:00 AM and 11:30 AM UTC, suggesting a shift from overbought to a more neutral position (TradingView, 2025). This could be an opportunity for traders to enter the market at a lower price before the anticipated breakout. The Bitcoin-to-Ethereum trading pair (BTC/ETH) saw a slight increase in value from 17.11 to 17.22 during the same period, indicating that Ethereum underperformed Bitcoin during the shakeout (CoinGecko, 2025). On-chain metrics show that the number of active addresses on the Bitcoin network increased by 5% from 10:00 AM to 11:30 AM UTC, suggesting heightened interest and potential accumulation by savvy investors (Glassnode, 2025). The shakeout's impact on other cryptocurrencies was varied, with altcoins like Cardano (ADA) and Polkadot (DOT) experiencing declines of 8% and 6% respectively, as reported by CoinMarketCap (CoinMarketCap, 2025).
From a technical perspective, Bitcoin's moving averages provided further insights. The 50-day moving average was at $62,000, while the 200-day moving average stood at $58,000 as of 11:30 AM UTC (TradingView, 2025). The price dipping below the 50-day moving average but remaining above the 200-day moving average suggests a potential for a rebound. The Bollinger Bands for Bitcoin widened, with the upper band at $68,000 and the lower band at $58,000, indicating increased volatility (TradingView, 2025). The trading volume for Ethereum also spiked, increasing from 1.2 million ETH to 1.8 million ETH between 10:00 AM and 11:30 AM UTC (CryptoQuant, 2025). The shakeout's effect on AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET) was notable, with AGIX dropping from $0.50 to $0.45 and FET from $0.80 to $0.75 during the same timeframe (CoinMarketCap, 2025). This suggests a correlation between the broader market shakeout and AI token performance, potentially driven by AI-driven trading algorithms reacting to the market dynamics (Kaiko, 2025).
The trading implications of this shakeout are significant. For Bitcoin, the Relative Strength Index (RSI) dropped from 72 to 65 between 10:00 AM and 11:30 AM UTC, suggesting a shift from overbought to a more neutral position (TradingView, 2025). This could be an opportunity for traders to enter the market at a lower price before the anticipated breakout. The Bitcoin-to-Ethereum trading pair (BTC/ETH) saw a slight increase in value from 17.11 to 17.22 during the same period, indicating that Ethereum underperformed Bitcoin during the shakeout (CoinGecko, 2025). On-chain metrics show that the number of active addresses on the Bitcoin network increased by 5% from 10:00 AM to 11:30 AM UTC, suggesting heightened interest and potential accumulation by savvy investors (Glassnode, 2025). The shakeout's impact on other cryptocurrencies was varied, with altcoins like Cardano (ADA) and Polkadot (DOT) experiencing declines of 8% and 6% respectively, as reported by CoinMarketCap (CoinMarketCap, 2025).
From a technical perspective, Bitcoin's moving averages provided further insights. The 50-day moving average was at $62,000, while the 200-day moving average stood at $58,000 as of 11:30 AM UTC (TradingView, 2025). The price dipping below the 50-day moving average but remaining above the 200-day moving average suggests a potential for a rebound. The Bollinger Bands for Bitcoin widened, with the upper band at $68,000 and the lower band at $58,000, indicating increased volatility (TradingView, 2025). The trading volume for Ethereum also spiked, increasing from 1.2 million ETH to 1.8 million ETH between 10:00 AM and 11:30 AM UTC (CryptoQuant, 2025). The shakeout's effect on AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET) was notable, with AGIX dropping from $0.50 to $0.45 and FET from $0.80 to $0.75 during the same timeframe (CoinMarketCap, 2025). This suggests a correlation between the broader market shakeout and AI token performance, potentially driven by AI-driven trading algorithms reacting to the market dynamics (Kaiko, 2025).
Crypto Rover
@rovercrc160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.