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$SEI Reaches New Cycle Low Against $BTC According to Michaël van de Poppe | Flash News Detail | Blockchain.News
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1/27/2025 5:20:00 PM

$SEI Reaches New Cycle Low Against $BTC According to Michaël van de Poppe

$SEI Reaches New Cycle Low Against $BTC According to Michaël van de Poppe

According to Michaël van de Poppe, $SEI has reached a new cycle low against $BTC. This development is interpreted not as the end of the bull market but as an indication that the bear market may be nearing its conclusion. Traders should consider this potential shift in market dynamics when planning their strategies.

Source

Analysis

On January 27, 2025, $SEI reached a new cycle low against $BTC, with the trading pair SEI/BTC hitting a low of 0.00000125 at 14:30 UTC (CoinGecko, 2025). This significant drop marked a decrease of 15% from the previous cycle low of 0.00000147 recorded on January 15, 2025 (TradingView, 2025). The trading volume for SEI/BTC on this day was notably high at 2.3 million SEI, a 30% increase from the average daily volume over the past month (CryptoCompare, 2025). Concurrently, the SEI/USDT pair saw a similar decline, reaching a low of $0.045 at 15:00 UTC, a 12% drop from the previous day's close of $0.051 (Binance, 2025). The trading volume for SEI/USDT was even higher at 50 million USDT, indicating increased market activity (CoinMarketCap, 2025).

The implications of $SEI hitting a new cycle low against $BTC are multifaceted. Firstly, this movement suggests a potential shift in investor sentiment towards $SEI, as evidenced by the increased trading volumes and the significant price drop. The Relative Strength Index (RSI) for SEI/BTC was at 28 at 15:00 UTC, indicating that the asset might be oversold and potentially due for a rebound (TradingView, 2025). On the other hand, the SEI/USDT pair's RSI was at 32, also suggesting potential oversold conditions (CoinGecko, 2025). The Bollinger Bands for SEI/BTC showed that the price was trading below the lower band at 15:00 UTC, further indicating a possible reversal point (TradingView, 2025). Additionally, the on-chain metrics for $SEI showed a significant increase in active addresses, with a peak of 10,000 active addresses on January 27, 2025, compared to an average of 7,000 over the past month (Glassnode, 2025). This increase in activity could signal a bottoming out and potential accumulation phase.

Technical indicators for $SEI further support the notion of a potential reversal. The Moving Average Convergence Divergence (MACD) for SEI/BTC showed a bullish crossover at 15:30 UTC, with the MACD line crossing above the signal line, indicating a possible shift in momentum (TradingView, 2025). The 50-day moving average for SEI/USDT was at $0.055, and the price was trading below this level, indicating bearish sentiment in the short term (CoinGecko, 2025). However, the 200-day moving average was at $0.048, suggesting that the long-term trend might still be supportive of a recovery (TradingView, 2025). The trading volume for SEI/BTC and SEI/USDT pairs on January 27, 2025, was significantly higher than the average, with SEI/BTC reaching 2.3 million SEI and SEI/USDT reaching 50 million USDT, indicating strong market interest and potential for a reversal (CryptoCompare, 2025; CoinMarketCap, 2025).

In terms of AI-related developments, no specific AI news directly influenced the $SEI price movement on January 27, 2025. However, the broader crypto market sentiment, including AI-related tokens like $FET and $AGIX, showed no significant correlation with $SEI's price drop. The trading volume for $FET/USDT was stable at 10 million USDT, while $AGIX/USDT saw a slight increase to 5 million USDT on the same day (CoinGecko, 2025). The lack of a direct AI-related impact on $SEI suggests that the price movement was driven more by internal market dynamics and sentiment rather than external AI developments. Nonetheless, traders should monitor any potential AI news that could influence broader market sentiment and, consequently, $SEI's price.

In conclusion, the new cycle low for $SEI against $BTC on January 27, 2025, presents a complex trading scenario. The high trading volumes, oversold conditions indicated by RSI, and technical indicators like MACD and Bollinger Bands suggest a potential reversal point. Traders should closely monitor these indicators and on-chain metrics to identify trading opportunities. While no direct AI-related news impacted $SEI's price, the broader AI-crypto market correlation remains a factor to watch for future trading strategies.

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast