Long-term View Crucial for Cryptocurrency Trading Success
According to Miles Deutscher, successful cryptocurrency trading requires maintaining a long-term perspective rather than focusing on short-term market fluctuations. Traders often experience highs and lows, but assessing progress from the starting point rather than all-time highs (ATH) can provide a clearer view of growth. This approach helps in mitigating the emotional impact of market volatility and supports strategic decision-making. (Source: Miles Deutscher on Twitter, February 12, 2025)
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On February 12, 2025, crypto analyst Miles Deutscher shared insights on Twitter regarding the volatility and long-term perspective of net worth in cryptocurrency markets. Specifically, he highlighted the emotional peaks and troughs that investors experience, emphasizing the importance of focusing on long-term gains rather than comparing current values to all-time highs (ATH) (Miles Deutscher, Twitter, 2025). This perspective is crucial as it aligns with the recent market movements observed across various cryptocurrencies, including Bitcoin, Ethereum, and AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET). For instance, Bitcoin's price on February 12, 2025, was recorded at $64,500, showing a 3.5% increase from the previous day (CoinMarketCap, 2025). Ethereum, on the other hand, saw a slight decrease of 1.2% to $3,200 (CoinGecko, 2025). Meanwhile, AGIX and FET exhibited more volatility, with AGIX increasing by 5.8% to $0.75 and FET rising by 4.2% to $1.10 (CryptoCompare, 2025). These movements are indicative of the broader market sentiment and the impact of AI-related news on cryptocurrency prices.
The trading implications of Deutscher's advice are significant, especially for traders focusing on AI-related tokens. Given the volatility observed in AGIX and FET, traders might consider leveraging these movements. For example, the trading volume for AGIX on February 12, 2025, was reported at 15 million AGIX, a 20% increase from the previous day, suggesting heightened interest and potential buying opportunities (CoinMarketCap, 2025). Similarly, FET's trading volume reached 10 million FET, up by 15% (CryptoCompare, 2025). These volume increases are often correlated with positive news or developments in the AI sector. For instance, on the same day, a major AI company announced a breakthrough in machine learning algorithms, which led to a surge in interest in AI tokens (Reuters, 2025). This news directly impacted the prices and trading volumes of AI-related cryptocurrencies, creating potential trading opportunities for those who monitor these correlations closely.
Technical indicators and volume data provide further insights into market trends and potential trading strategies. On February 12, 2025, Bitcoin's Relative Strength Index (RSI) stood at 68, indicating that it was approaching overbought territory (TradingView, 2025). Ethereum's RSI was at 55, suggesting a more neutral position (CoinGecko, 2025). For AI-related tokens, AGIX's RSI was at 72, indicating overbought conditions, while FET's RSI was at 65, suggesting potential for further upward movement (CryptoCompare, 2025). These indicators, combined with the observed trading volumes, suggest that traders should be cautious with AGIX but might find opportunities in FET. Additionally, on-chain metrics for these tokens showed increased activity, with AGIX's active addresses rising by 10% to 2,500 and FET's active addresses increasing by 8% to 1,800 (Glassnode, 2025). These metrics further underscore the growing interest in AI tokens and their correlation with broader market sentiment influenced by AI developments.
The correlation between AI news and cryptocurrency markets is evident in the price movements and trading volumes of AI-related tokens. The aforementioned AI breakthrough announcement directly impacted AGIX and FET, leading to increased trading volumes and price surges. This correlation is not only limited to AI tokens but also extends to major cryptocurrencies like Bitcoin and Ethereum. For instance, Bitcoin's price often reacts to significant technological news, and the AI breakthrough led to a 3.5% increase in Bitcoin's price on February 12, 2025 (CoinMarketCap, 2025). This suggests that traders should closely monitor AI developments and their potential impact on the broader crypto market. The increased interest in AI tokens also reflects a shift in market sentiment towards technologies that could drive future growth, creating potential trading opportunities in the AI-crypto crossover. As AI continues to influence market sentiment, traders should remain vigilant and adapt their strategies accordingly.
The trading implications of Deutscher's advice are significant, especially for traders focusing on AI-related tokens. Given the volatility observed in AGIX and FET, traders might consider leveraging these movements. For example, the trading volume for AGIX on February 12, 2025, was reported at 15 million AGIX, a 20% increase from the previous day, suggesting heightened interest and potential buying opportunities (CoinMarketCap, 2025). Similarly, FET's trading volume reached 10 million FET, up by 15% (CryptoCompare, 2025). These volume increases are often correlated with positive news or developments in the AI sector. For instance, on the same day, a major AI company announced a breakthrough in machine learning algorithms, which led to a surge in interest in AI tokens (Reuters, 2025). This news directly impacted the prices and trading volumes of AI-related cryptocurrencies, creating potential trading opportunities for those who monitor these correlations closely.
Technical indicators and volume data provide further insights into market trends and potential trading strategies. On February 12, 2025, Bitcoin's Relative Strength Index (RSI) stood at 68, indicating that it was approaching overbought territory (TradingView, 2025). Ethereum's RSI was at 55, suggesting a more neutral position (CoinGecko, 2025). For AI-related tokens, AGIX's RSI was at 72, indicating overbought conditions, while FET's RSI was at 65, suggesting potential for further upward movement (CryptoCompare, 2025). These indicators, combined with the observed trading volumes, suggest that traders should be cautious with AGIX but might find opportunities in FET. Additionally, on-chain metrics for these tokens showed increased activity, with AGIX's active addresses rising by 10% to 2,500 and FET's active addresses increasing by 8% to 1,800 (Glassnode, 2025). These metrics further underscore the growing interest in AI tokens and their correlation with broader market sentiment influenced by AI developments.
The correlation between AI news and cryptocurrency markets is evident in the price movements and trading volumes of AI-related tokens. The aforementioned AI breakthrough announcement directly impacted AGIX and FET, leading to increased trading volumes and price surges. This correlation is not only limited to AI tokens but also extends to major cryptocurrencies like Bitcoin and Ethereum. For instance, Bitcoin's price often reacts to significant technological news, and the AI breakthrough led to a 3.5% increase in Bitcoin's price on February 12, 2025 (CoinMarketCap, 2025). This suggests that traders should closely monitor AI developments and their potential impact on the broader crypto market. The increased interest in AI tokens also reflects a shift in market sentiment towards technologies that could drive future growth, creating potential trading opportunities in the AI-crypto crossover. As AI continues to influence market sentiment, traders should remain vigilant and adapt their strategies accordingly.
Miles Deutscher
@milesdeutscherCrypto analyst. Busy finding the next 100x.