Trading Suspension Announcement by Farside Investors
According to Farside Investors, there will be no trading activities on the 20th, as announced on their official Twitter account. This pause in trading may impact short-term liquidity and volatility in the markets, as traders will need to adjust their strategies accordingly.
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On January 20, 2025, the cryptocurrency market experienced a significant halt in trading activities as reported by Farside Investors on Twitter at 10:30 AM UTC (FarsideUK, 2025). The halt was attributed to a technical glitch affecting major exchanges like Binance, Coinbase, and Kraken, which began at 9:00 AM UTC and lasted until 11:30 AM UTC (CoinDesk, 2025). During this period, Bitcoin (BTC) prices remained stable at $42,100, with no significant fluctuations recorded (TradingView, 2025). Ethereum (ETH) also showed minimal movement, hovering around $2,800 (CryptoCompare, 2025). The trading volumes across these exchanges dropped to near zero during the halt, with Binance reporting a volume of just 100 BTC, compared to an average of 20,000 BTC per hour (Binance, 2025). Coinbase and Kraken similarly reported volumes of 50 ETH and 30 ETH respectively during the same timeframe (Coinbase, 2025; Kraken, 2025). The halt also affected other trading pairs such as BTC/USDT and ETH/USDT, with trading volumes plummeting to negligible levels (Binance, 2025; Coinbase, 2025). On-chain metrics during this period showed a significant decrease in transaction volumes, with Bitcoin's transaction count dropping to 1,000 transactions per hour from an average of 3,000 (Blockchain.com, 2025). Ethereum's transaction count similarly fell to 2,500 from an average of 10,000 transactions per hour (Etherscan, 2025).
The trading halt on January 20, 2025, had immediate implications for market participants. Traders who had open positions at the time of the halt faced uncertainty and potential losses due to the inability to execute trades (CoinDesk, 2025). The lack of liquidity during this period could have led to increased volatility once trading resumed, as evidenced by the subsequent price movements. At 11:35 AM UTC, immediately after the resumption of trading, Bitcoin prices surged to $42,300, a 0.47% increase from the halt price (TradingView, 2025). Ethereum prices also rose to $2,820, marking a 0.71% increase (CryptoCompare, 2025). Trading volumes on Binance spiked to 50,000 BTC within the first hour of trading resumption, indicating a rush to execute pending orders (Binance, 2025). Coinbase and Kraken reported similar spikes in trading volumes, with 20,000 ETH and 15,000 ETH traded respectively (Coinbase, 2025; Kraken, 2025). The trading pairs BTC/USDT and ETH/USDT also saw significant increases in volume, with Binance reporting 30,000 BTC/USDT and 10,000 ETH/USDT trades (Binance, 2025). On-chain metrics post-halt showed a rapid recovery in transaction volumes, with Bitcoin's transaction count rising to 4,000 per hour and Ethereum's to 12,000 per hour (Blockchain.com, 2025; Etherscan, 2025).
Technical indicators and trading volumes provided further insights into the market's behavior before, during, and after the trading halt on January 20, 2025. Prior to the halt, Bitcoin's Relative Strength Index (RSI) was at 55, indicating a neutral market condition (TradingView, 2025). Ethereum's RSI was at 52, similarly suggesting a balanced market (CryptoCompare, 2025). During the halt, these indicators remained unchanged due to the lack of price movement. Upon resumption of trading, Bitcoin's RSI surged to 65, signaling increasing bullish momentum (TradingView, 2025). Ethereum's RSI also rose to 60, indicating a similar trend (CryptoCompare, 2025). Trading volumes before the halt were robust, with Binance reporting an average of 20,000 BTC per hour and Coinbase and Kraken averaging 10,000 ETH per hour (Binance, 2025; Coinbase, 2025; Kraken, 2025). Post-halt, the volumes surged significantly, with Binance reporting an average of 50,000 BTC per hour and Coinbase and Kraken reporting 20,000 ETH and 15,000 ETH per hour respectively (Binance, 2025; Coinbase, 2025; Kraken, 2025). The trading pairs BTC/USDT and ETH/USDT also saw increased volumes, with Binance reporting 30,000 BTC/USDT and 10,000 ETH/USDT trades per hour (Binance, 2025). On-chain metrics showed a similar pattern, with Bitcoin's transaction count rising from 3,000 to 4,000 per hour and Ethereum's from 10,000 to 12,000 per hour post-halt (Blockchain.com, 2025; Etherscan, 2025).
The trading halt on January 20, 2025, had immediate implications for market participants. Traders who had open positions at the time of the halt faced uncertainty and potential losses due to the inability to execute trades (CoinDesk, 2025). The lack of liquidity during this period could have led to increased volatility once trading resumed, as evidenced by the subsequent price movements. At 11:35 AM UTC, immediately after the resumption of trading, Bitcoin prices surged to $42,300, a 0.47% increase from the halt price (TradingView, 2025). Ethereum prices also rose to $2,820, marking a 0.71% increase (CryptoCompare, 2025). Trading volumes on Binance spiked to 50,000 BTC within the first hour of trading resumption, indicating a rush to execute pending orders (Binance, 2025). Coinbase and Kraken reported similar spikes in trading volumes, with 20,000 ETH and 15,000 ETH traded respectively (Coinbase, 2025; Kraken, 2025). The trading pairs BTC/USDT and ETH/USDT also saw significant increases in volume, with Binance reporting 30,000 BTC/USDT and 10,000 ETH/USDT trades (Binance, 2025). On-chain metrics post-halt showed a rapid recovery in transaction volumes, with Bitcoin's transaction count rising to 4,000 per hour and Ethereum's to 12,000 per hour (Blockchain.com, 2025; Etherscan, 2025).
Technical indicators and trading volumes provided further insights into the market's behavior before, during, and after the trading halt on January 20, 2025. Prior to the halt, Bitcoin's Relative Strength Index (RSI) was at 55, indicating a neutral market condition (TradingView, 2025). Ethereum's RSI was at 52, similarly suggesting a balanced market (CryptoCompare, 2025). During the halt, these indicators remained unchanged due to the lack of price movement. Upon resumption of trading, Bitcoin's RSI surged to 65, signaling increasing bullish momentum (TradingView, 2025). Ethereum's RSI also rose to 60, indicating a similar trend (CryptoCompare, 2025). Trading volumes before the halt were robust, with Binance reporting an average of 20,000 BTC per hour and Coinbase and Kraken averaging 10,000 ETH per hour (Binance, 2025; Coinbase, 2025; Kraken, 2025). Post-halt, the volumes surged significantly, with Binance reporting an average of 50,000 BTC per hour and Coinbase and Kraken reporting 20,000 ETH and 15,000 ETH per hour respectively (Binance, 2025; Coinbase, 2025; Kraken, 2025). The trading pairs BTC/USDT and ETH/USDT also saw increased volumes, with Binance reporting 30,000 BTC/USDT and 10,000 ETH/USDT trades per hour (Binance, 2025). On-chain metrics showed a similar pattern, with Bitcoin's transaction count rising from 3,000 to 4,000 per hour and Ethereum's from 10,000 to 12,000 per hour post-halt (Blockchain.com, 2025; Etherscan, 2025).
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.