Cardano’s price has surged 10% over the past 24 hours, riding the wave of a broader crypto market rally to reach a two-month high.
The sharp move upward has pushed ADA to levels last seen in early March and has reignited bullish sentiment among spot and derivatives traders.
Cardano’s 10% Pump Sparks Surge in Profitable Supply
On-chain data from Santiment reveals that Cardano’s double-digit rally has boosted the percentage of its supply in profit. As of this writing, approximately 74.14% of ADA’s circulating supply—equivalent to 26.91 billion tokens—is now held at a profit.
Cardano Percent of Total Supply in Profit. Source: Santiment
When an asset’s profit supply spikes, it means that a significant portion of its circulating supply is now worth more than when it was acquired. Historically, a rise in profit supply correlates with renewed accumulation and often hints at further upward momentum as market sentiment improves.
Moreover, in the ADA derivatives market, the coin’s funding rate remains firmly positive, indicating that traders are increasingly taking long positions in anticipation of continued gains. This is currently at 0.0099%.
The funding rate is a recurring payment between traders in perpetual futures contracts, designed to keep the contract price aligned with the spot market.
When positive like this, traders holding long positions are paying those with shorts, indicating bullish sentiment and expectations of further price increases.
ADA Rally Gains Steam, but Profit-Taking Could Threaten $0.76 Support
With technical indicators flashing bullish and sentiment strengthening, ADA buyers have regained control, at least for now. If buying pressure strengthens and bull dominance remains, ADA could maintain its upward trend and rally to $0.84.
However, once buyers’ exhaustion sets in and traders begin to lock in their soaring profits, ADA could break below the support at $0.76 and fall toward $0.66.
Binance is listing Bubblemaps (BMT), causing a 100% rally for the newly launched altcoin. The exchange also put BMT in its HODLer Airdrops program, further driving engagement and market interest.
BMT will provide key benefits to Bubblemaps, powering its analysis platform and allowing increased community participation in its research and investigations.
Now, Binance is listing BMT and adding it to the HODLer Airdrops program.
“Binance is excited to announce the 12th project on the HODLer Airdrops page – Bubblemaps (BMT). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products… will get the airdrops distribution. Binance will then list BMT at 2025-03-18 15:00 (UTC) and open trading,” the firm claimed in an announcement.
At the time of writing, BMT price is up nearly 100% today, and its daily trading volume has surged 230%. Current market sentiment suggests significant hype and speculative around the new token.
Bubblemap’s data analytics tools have been instrumental in investigating crypto crimes, and it’s opening these to community participation. BMT holders will be able to submit cases and vote on on-chain research priorities through the new IntelDesk feature, helping decide new goals.
Meanwhile, BMT is the 12th asset to be in Binance’s HODLer Airdrops program. This program rewards BNB holders by periodically distributing free tokens from new projects.
This is mutually beneficial for both parties; Binance can reward its loyal users, and the exposure gives these new projects a real notoriety boost.
Ultimately, Bubblemaps’ token getting listed on Binance seems like a win for everybody. Sophisticated crypto investigations can be a thankless business, and BMT’s success directly subsidizes the platform’s work.
Ethereum price sits at $3,677, up about 16.5% this week. It keeps stepping over $3,800, only to get shoved back down.
With a big unstaking queue hanging in the background and momentum cooling a bit, the obvious question is whether this door finally swings open or shuts again. Two key metrics can help understand what happens from here.
Exchange Supply Ratio Near Lows
The Exchange Supply Ratio (ESR) is around 0.145, close to this year’s low of 0.142. A ratio is used instead of raw exchange balances because it measures exchange holdings against total circulating ETH, which changes with staking, burns, and unlocks.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Ethereum price and exchange supply ratio: CryptoQuant
A low ESR means only a small chunk of supply sits on exchanges and is ready to sell. That is the setup right now.
According to the chart, local ESR highs often came before Ethereum price pullbacks. Therefore, low ESR levels exude confidence.
If ESR goes up while price slips, it usually means unstakers or large holders are moving coins to exchanges, and a dip can follow.
Funding and Open Interest
Open interest is about $55.9 billion, so a lot of futures positions are open. The funding rate is near 0.01%, still positive but lower than recent spikes (anything above 0.02% might be worrisome as that would mean high Long leverage).
The current market structure means that traders lean long (expect prices to go higher), yet they are not paying a heavy premium to stay there. That says leverage is present without being extreme. This is a healthy scenario, and the ETH price rally looks spot-driven.
Funding is the fee that longs and shorts pay each other to keep perpetual prices near spot. Open interest is the total value of all open contracts.
Ethereum (ETH) Price Needs To Beat Key Levels
ETH is trading inside two key ranges of $3,832 and $3,635 (the 0.786 Fib level). As the upper level (resistance) would suggest, the real block sits just above the “$3,800 door.” Yet simply breaching the $3,832 resistance like earlier might not help.
There is a holder cluster above $3,888, which also needs to be breached. That cluster likely explains why quick moves above $3,800 fade; many wallets are near break‑even there and sell into strength.
A daily close above $3,896 would open doors to $4,402 (the 1.618 extension). If ETH corrects again, $3,635 is first support, then $3,480. A drop under those levels, together with a rising ESR, would weaken the bullish setup fast.
Fibonacci levels flag common reaction zones. The in-and-out-of-money map shows where many wallets bought; those areas often act as real resistance or support, validating the Fib levels.
However, the entire short-term bullish hypothesis might get invalidated if the ETH price dips under $3,128 or the 0.238 Fib extension level.
Recent analyses by crypto experts acknowledge that Bitcoin (BTC) price movements closely correlate with the global M2 money supply. Based on this, they predict potential bullish momentum for the crypto market in late March.
With global liquidity expanding, analysts predict that Bitcoin and other digital assets could experience a significant rally, starting around March 25, 2025, and potentially lasting until mid-May.
Global M2 and Its Influence on Bitcoin
The M2 money supply represents a broad measure of liquidity, including cash, checking deposits, and easily convertible near-money assets. Historically, Bitcoin has demonstrated a strong correlation with M2 fluctuations, as increased liquidity in financial markets often drives demand for alternative assets like cryptocurrencies.
Colin Talks Crypto, an analyst on X (Twitter), highlighted this correlation, pointing to a sharp increase in global M2. He described it as a “vertical line” on the chart, signaling an imminent surge in asset prices.
According to his prediction, the rally for stocks, Bitcoin, and the broader crypto market is expected to commence on March 25, 2025, and extend until May 14, 2025.
“The Global M2 Money Supply chart just printed another vertical line. The rally for stocks, Bitcoin, and crypto is going to be epic,” he suggested.
Vandell, co-founder of Black Swan Capitalist, supports that global M2 movements directly influence Bitcoin’s price. He notes that declines in global M2 are typically followed by Bitcoin and cryptocurrency market downturns about ten weeks later.
Despite the potential for short-term dips, Vandell believes this cycle sets the stage for a long-term uptrend.
“As seen recently, when global M2 declined, Bitcoin & crypto followed roughly 10 weeks later. While further downside is possible, this drawdown is a natural part of the cycle. This liquidity shift will likely continue throughout the year, setting the stage for the next leg up,” Vandell explained.
“Bottom line is: Inflation isn’t the prime topic, likely to go down. FED rate cuts. The dollar to weaken massively. Yields to fall. M2 Supply to significantly expand. And as this process started, it’s just a matter of time until altcoins and crypto pick up. Bull,” he stated.
Historical Context and Projections
The correlation between Bitcoin’s price and global M2 growth is not new. Tomas, a macroeconomist, recently compared previous market cycles, particularly in 2017 and 2020. At the time, significant increases in global M2 coincided with Bitcoin’s strongest annual performances.
“Money supply is expanding globally. The last two major global M2 surges occurred in 2017 and 2020—both coincided with mini ‘everything bubbles’ and Bitcoin’s strongest years. Could we see a repeat in 2025? It depends on whether the U.S. dollar weakens significantly,” Tomas observed.
Tomas also highlighted the impact of central bank policies, pointing out that while major banks are cutting rates, the strength of the US dollar could be a limiting factor. If the dollar index (DXY) drops to around 100 or lower, it could create conditions similar to previous Bitcoin bull runs.
Macro researcher Yimin Xu believes that the Federal Reserve might halt its Quantitative Tightening (QT) policies in the latter half of the year. Such a move, Yimin says, could potentially shift toward Quantitative Easing (QE) if economic conditions demand it. This shift could inject additional liquidity into the markets, fueling Bitcoin’s upward trajectory.
“I think reserves could get too thin for the Fed’s liking in the second half of the year. I predict they will terminate QT in late Q3 or Q4, with possible QE to come after,” Xu commented.
Tomas agreed, stating that the Federal Reserve’s current plan is to increase its balance sheet slowly, which is in line with GDP growth. He also articulates that a major financial event could trigger a full-scale return to QE.
These perspectives suggest that uncertainties remain, including the strength of the US dollar and potential economic shocks. Nevertheless, the broader consensus among analysts points toward an impending bullish phase for Bitcoin.
Investors must conduct their own research as they continue to watch macroeconomic indicators in the coming months, anticipating whether the predicted rally will materialize.
