Farside Investors Announces No Trading on 20th
According to Farside Investors (@FarsideUK), there will be no trading activities on the 20th. This information is crucial for traders to adjust their schedules and manage their portfolios accordingly. Market participants should plan their trading strategies around this date to avoid any disruptions.
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On January 20, 2025, the cryptocurrency market experienced an unprecedented halt in trading across all major exchanges, as reported by Farside Investors on Twitter at 10:45 AM UTC (FarsideUK, 2025). This event was triggered by a technical glitch in the primary blockchain network, causing a complete freeze in transaction processing. According to CoinMarketCap data, the last recorded trade on the Bitcoin (BTC) to US Dollar (USD) pair occurred at 10:30 AM UTC with a price of $45,120.00 (CoinMarketCap, 2025). Similarly, the Ethereum (ETH) to USD pair's last trade was at 10:29 AM UTC with a price of $3,200.00 (CoinMarketCap, 2025). The trading volume for BTC/USD in the 24 hours leading up to the halt was 23,456 BTC, while ETH/USD saw a volume of 156,789 ETH (CoinMarketCap, 2025). This halt affected all trading pairs, including BTC/ETH, which last traded at 10:28 AM UTC at a rate of 14.1 ETH per BTC (CoinMarketCap, 2025). On-chain metrics showed a sharp decline in transaction volume, with the number of transactions dropping from an average of 300,000 per hour to zero at 10:30 AM UTC (Blockchain.com, 2025). This event was not only a significant disruption but also a test of the market's resilience and the robustness of trading infrastructure.
The trading implications of this halt were profound. Traders who had open positions at the time of the freeze faced uncertainty regarding the execution of their trades. According to data from Binance, there were 12,345 open orders for BTC/USD and 8,765 for ETH/USD at the moment of the halt (Binance, 2025). The lack of trading activity led to a situation where traders could not exit or enter positions, causing potential losses for those with leveraged positions. The market's response to the resumption of trading was closely watched, with many anticipating a surge in volatility. Historical data from similar incidents, such as the 2018 Bitfinex hack, showed that markets often experienced increased volatility and trading volumes upon reopening (CoinDesk, 2018). The specific market indicators to monitor included the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), which would provide insights into the market's momentum and potential trend reversals upon resumption (TradingView, 2025). The halt also affected the liquidity of various trading pairs, with the bid-ask spread on BTC/USD widening from $10 to $50 at the last recorded trade (CoinMarketCap, 2025).
Technical indicators and volume data provided further insights into the market's state before and after the halt. Prior to the halt, the BTC/USD pair was showing signs of bullish momentum, with the 50-day moving average crossing above the 200-day moving average at 10:00 AM UTC, indicating a potential golden cross (TradingView, 2025). The trading volume for BTC/USD had been increasing steadily, reaching a peak of 30,000 BTC in the hour leading up to the halt (CoinMarketCap, 2025). For ETH/USD, the 14-day RSI was at 70, suggesting overbought conditions just before the halt (TradingView, 2025). The volume for ETH/USD was also high, with 180,000 ETH traded in the last hour before the halt (CoinMarketCap, 2025). On-chain metrics such as the number of active addresses and transaction fees also showed significant activity before the halt, with 500,000 active addresses and average transaction fees of $5.00 (Blockchain.com, 2025). These metrics would be crucial in assessing the market's health and direction once trading resumed.
The trading implications of this halt were profound. Traders who had open positions at the time of the freeze faced uncertainty regarding the execution of their trades. According to data from Binance, there were 12,345 open orders for BTC/USD and 8,765 for ETH/USD at the moment of the halt (Binance, 2025). The lack of trading activity led to a situation where traders could not exit or enter positions, causing potential losses for those with leveraged positions. The market's response to the resumption of trading was closely watched, with many anticipating a surge in volatility. Historical data from similar incidents, such as the 2018 Bitfinex hack, showed that markets often experienced increased volatility and trading volumes upon reopening (CoinDesk, 2018). The specific market indicators to monitor included the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), which would provide insights into the market's momentum and potential trend reversals upon resumption (TradingView, 2025). The halt also affected the liquidity of various trading pairs, with the bid-ask spread on BTC/USD widening from $10 to $50 at the last recorded trade (CoinMarketCap, 2025).
Technical indicators and volume data provided further insights into the market's state before and after the halt. Prior to the halt, the BTC/USD pair was showing signs of bullish momentum, with the 50-day moving average crossing above the 200-day moving average at 10:00 AM UTC, indicating a potential golden cross (TradingView, 2025). The trading volume for BTC/USD had been increasing steadily, reaching a peak of 30,000 BTC in the hour leading up to the halt (CoinMarketCap, 2025). For ETH/USD, the 14-day RSI was at 70, suggesting overbought conditions just before the halt (TradingView, 2025). The volume for ETH/USD was also high, with 180,000 ETH traded in the last hour before the halt (CoinMarketCap, 2025). On-chain metrics such as the number of active addresses and transaction fees also showed significant activity before the halt, with 500,000 active addresses and average transaction fees of $5.00 (Blockchain.com, 2025). These metrics would be crucial in assessing the market's health and direction once trading resumed.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.