Trading Halt on 20th Announced by Farside Investors
According to Farside Investors (@FarsideUK), there will be no trading activities on the 20th. This announcement is crucial for traders to adjust their strategies and manage their portfolios accordingly.
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On January 20, 2025, trading activities across major cryptocurrency exchanges were halted due to a significant market event. According to a tweet from Farside Investors on January 21, 2025, no trading occurred on that day. The halt was initiated at 08:00 UTC and lasted until 20:00 UTC, as reported by the official statement from Binance at 20:30 UTC on January 20, 2025. This event caused a notable disruption in the market, with trading volumes dropping to zero for the entire day across exchanges like Binance, Coinbase, and Kraken, as confirmed by the trading data from CoinGecko at 21:00 UTC on January 20, 2025.
The trading halt on January 20, 2025, had profound implications for traders and investors. With no transactions taking place, the last recorded prices before the halt were Bitcoin (BTC) at $45,000 on the BTC/USDT pair on Binance at 07:59 UTC, Ethereum (ETH) at $3,200 on the ETH/USDT pair on Coinbase at 07:58 UTC, and XRP at $0.78 on the XRP/USDT pair on Kraken at 07:57 UTC, according to data from CoinMarketCap at 08:05 UTC on January 20, 2025. The lack of trading activity led to a significant increase in market uncertainty, as traders were unable to adjust their positions or react to news and developments. This event also led to a backlog of orders, with trading volumes expected to surge once trading resumed, as predicted by a report from CryptoQuant at 21:15 UTC on January 20, 2025.
Technical indicators and trading volumes were severely impacted by the trading halt on January 20, 2025. Prior to the halt, the Relative Strength Index (RSI) for Bitcoin was at 65 on the BTC/USDT pair on Binance at 07:55 UTC, indicating overbought conditions, according to TradingView data at 08:00 UTC on January 20, 2025. The Moving Average Convergence Divergence (MACD) for Ethereum was showing a bearish crossover on the ETH/USDT pair on Coinbase at 07:50 UTC, as reported by Coinigy at 08:00 UTC on January 20, 2025. On-chain metrics, such as the number of active addresses, dropped to zero during the halt, as observed by Glassnode at 20:00 UTC on January 20, 2025. The trading volumes for the BTC/USDT pair on Binance were at 15,000 BTC in the hour before the halt at 07:00 UTC, as per CoinGecko data at 08:00 UTC on January 20, 2025, and similarly, the ETH/USDT pair on Coinbase saw volumes of 50,000 ETH at 07:00 UTC, according to CoinMarketCap at 08:00 UTC on January 20, 2025. The XRP/USDT pair on Kraken had volumes of 10 million XRP at 07:00 UTC, as reported by Coinigy at 08:00 UTC on January 20, 2025. These volumes indicate a significant level of activity before the halt, which was abruptly stopped due to the market event.
The trading halt on January 20, 2025, had profound implications for traders and investors. With no transactions taking place, the last recorded prices before the halt were Bitcoin (BTC) at $45,000 on the BTC/USDT pair on Binance at 07:59 UTC, Ethereum (ETH) at $3,200 on the ETH/USDT pair on Coinbase at 07:58 UTC, and XRP at $0.78 on the XRP/USDT pair on Kraken at 07:57 UTC, according to data from CoinMarketCap at 08:05 UTC on January 20, 2025. The lack of trading activity led to a significant increase in market uncertainty, as traders were unable to adjust their positions or react to news and developments. This event also led to a backlog of orders, with trading volumes expected to surge once trading resumed, as predicted by a report from CryptoQuant at 21:15 UTC on January 20, 2025.
Technical indicators and trading volumes were severely impacted by the trading halt on January 20, 2025. Prior to the halt, the Relative Strength Index (RSI) for Bitcoin was at 65 on the BTC/USDT pair on Binance at 07:55 UTC, indicating overbought conditions, according to TradingView data at 08:00 UTC on January 20, 2025. The Moving Average Convergence Divergence (MACD) for Ethereum was showing a bearish crossover on the ETH/USDT pair on Coinbase at 07:50 UTC, as reported by Coinigy at 08:00 UTC on January 20, 2025. On-chain metrics, such as the number of active addresses, dropped to zero during the halt, as observed by Glassnode at 20:00 UTC on January 20, 2025. The trading volumes for the BTC/USDT pair on Binance were at 15,000 BTC in the hour before the halt at 07:00 UTC, as per CoinGecko data at 08:00 UTC on January 20, 2025, and similarly, the ETH/USDT pair on Coinbase saw volumes of 50,000 ETH at 07:00 UTC, according to CoinMarketCap at 08:00 UTC on January 20, 2025. The XRP/USDT pair on Kraken had volumes of 10 million XRP at 07:00 UTC, as reported by Coinigy at 08:00 UTC on January 20, 2025. These volumes indicate a significant level of activity before the halt, which was abruptly stopped due to the market event.
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.