[Axie Infinity and Bitcoin Cash hold up despite high ratio of shorts](https://www.fxstreet.com/cryptocurrencies/news/axie-infinity-and-bitcoin-cash-hold-up-despite-high-ratio-of-shorts-202401151137) The green light from the US Securities and Exchange Commission (SEC) for the Bitcoin Spot ETF caused a notable surge among many altcoins, which benefited from an overnight increase in their prices with either new capital inflow or capital rotation.[Maker whale transactions pick up pace in January, large wallets accumulate MKR](https://www.fxstreet.com/cryptocurrencies/news/maker-whale-transactions-pick-up-pace-in-january-large-wallets-accumulate-mkr-202401150832) Maker (MKR), the token of a smart contract platform built on the Ethereum blockchain that is focused on improving peer-to-peer transactions, is on the rise.Recent activity in MKR indicates that the token is being accumulated by large wallet addresses, throughout January 2024.[Bitcoin and financial inclusion](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-and-financial-inclusion-202401151234) Latin America has been recognized as one of the most complex economic regions worldwide.The Latin American continent has different financial challenges, such as high inflationary economies and a lack of financial inclusion, among others.
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Errors and omissions excepted.The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.[Join Telegram](https://t.me/fxstreetcrypto) Follow us on Telegram Stay updated of all the news Recommended Content Editors’ Picks [Axie Infinity Prediction: AXS reclaiming the Christmas high of $11.15 will remain hopium unless this happens](https://www.fxstreet.com/cryptocurrencies/news/axie-infinity-prediction-axs-reclaiming-the-christmas-high-of-1115-will-remain-hopium-unless-this-happens-202401140625) [](https://www.fxstreet.com/cryptocurrencies/news/axie-infinity-prediction-axs-reclaiming-the-christmas-high-of-1115-will-remain-hopium-unless-this-happens-202401140625) Axie Infinity (AXS) and Bitcoin Cash (BCH) have recorded more short bets than longs this weekend, data from behavior analytics tool Santiment shows.It comes as the market expects the two altcoins to drop further, unlike the broader market which is expected to recover.
[More Axie Infinity News](https://www.fxstreet.com/cryptocurrencies/news?q=AxieInfinity&hPP=15&idx=FxsIndexPro&p=0) [Chainlink price teases with a 20% upside potential as LINK coils up for its next move](https://www.fxstreet.com/cryptocurrencies/news/chainlink-price-teases-with-a-20-upside-potential-as-link-coils-up-for-its-next-move-202401140500) [](https://www.fxstreet.com/cryptocurrencies/news/chainlink-price-teases-with-a-20-upside-potential-as-link-coils-up-for-its-next-move-202401140500) Chainlink price has been consolidating between the $13.330 and the $17.163 market range since November 8.The ensuing price action has been typical of a market full swing market cycle, presenting clear opportunities for perpetual traders to ride the series of trends, with the next one likely to be a recovery.[More Chainlink News](https://www.fxstreet.com/cryptocurrencies/news?q=Chainlink&hPP=15&idx=FxsIndexPro&p=0) [Spot Bitcoin ETF approvals in the US inspires ambition among Hong Kong industry insiders](https://www.fxstreet.com/cryptocurrencies/news/spot-bitcoin-etf-approvals-in-the-us-inspires-ambition-among-hong-kong-industry-insiders-202401140400) [](https://www.fxstreet.com/cryptocurrencies/news/spot-bitcoin-etf-approvals-in-the-us-inspires-ambition-among-hong-kong-industry-insiders-202401140400) Spot Bitcoin exchange-traded funds (ETFs) have been the driving theme in the US market over the past few months, with the climax happening on January 10.Thus was when the US Securities and Exchange Commission (SEC) approved all eleven investment products to launch, with trading kicking off on January 11.
[More Cryptocurrencies News](https://www.fxstreet.com/cryptocurrencies/news) [Celestia price tops out with a possible 10% correction for TIA before another buying opportunity](https://www.fxstreet.com/cryptocurrencies/news/celestia-price-tops-out-with-a-possible-10-correction-for-tia-before-another-buying-opportunity-202401140300) [](https://www.fxstreet.com/cryptocurrencies/news/celestia-price-tops-out-with-a-possible-10-correction-for-tia-before-another-buying-opportunity-202401140300) Celestia (TIA) price action since late October has been characterized by strong interest among the bulls to capitalize on every correction.Resultantly, each dip was countered by aggressive buying that saw TIA market value quickly pullback north.
With TIA now overbought, the altcoin may be due for a correction before another foray north.[More Celestia News](https://www.fxstreet.com/cryptocurrencies/news?q=Celestia&hPP=15&idx=FxsIndexPro&p=0) [Bitcoin: BTC crashes as GBTC dumps, but bullish outlook still not under threat](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-btc-crashes-as-gbtc-dumps-but-bullish-outlook-still-not-under-threat-202401121900) [](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-btc-crashes-as-gbtc-dumps-but-bullish-outlook-still-not-under-threat-202401121900) Bitcoin (BTC) price action since October has been broadly bullish, consolidating within an ascending price channel.
The hype around spot BTC exchange-traded funds (ETFs) played a role in nurturing this uptrend, as well as the halving event that remains on the horizon.With the spot BTC ETFs narrative priced in already after the January 10 landmark decision, traders and investors are now navigating the aftermath as the waves of institutional money meet the shores of crypto.[Read full analysis](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-btc-crashes-as-gbtc-dumps-but-bullish-outlook-still-not-under-threat-202401121900).
