2025 Crypto Wallet Surge: Bitcoin and Ethereum Shine, Chainlink Faces Decline

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Bitcoin wallets saw a jump to 102,000 wallets, while Ethereum wallets jumped to 645,000, reflecting strong investor confidence.
BTC showed strength in price movement, rebounding from support at $90,742, but faces a potential death cross between the 50 and 200 EMA.

The crypto market entered 2025 with major shifts in wallet activity, highlighting investor sentiment across major assets. According to crypto analytics firm Santiment, wallets associated with Bitcoin (BTC) and Ethereum (ETH) saw remarkable growth. Whilst, Chainlink (LINK) faced a decline in its user base.

Santiment’s recent analysis revealed significant fluctuations in crypto wallets since the beginning of the year. Bitcoin wallets increased by over 102,000, signaling robust confidence in the leading crypto. Moreover, Ethereum followed with an extraordinary surge of 645,000 wallets, reflecting heightened interest.

Other notable increases included Dogecoin (29,000 wallets), XRP (58,000 wallets), and Cardano (2,800 wallets). Meanwhile, Chainlink experienced a decline, with its wallet count dropping by 3,300.

Bitcoin Price Analysis

Bitcoin responded well to its support at $90,742 with a reversal of the 24-hour low of $91,215. This move resulted in three consecutive bullish candles, showing that buyers were gaining strength. A death cross situation is still impending as the convergence of the 50 and 200 EMA lines looms. Resistance stands at $95,190, while further resistance may be expected if the recovery can hold at $96,216, per the CNF report.

Ethereum Price Prediction

Ethereum’s wallet growth overshadowed others, but the price still struggled against resistance at $3,600, pushing it down to the support zone of $3,200. ETH has seen a 4% loss in a week and, thus, remains vulnerable to further losses. It could drop below $3,000 if buying pressure doesn’t resume. A recovery may begin in February following the stabilization of this correction, reported CNF.

What’s Next For XRP Price?

XRP price showed strength, even though it ended the week with a 4% drop. As the wallet count grew, the price continued to trade within a consolidation range of $1.6 and $3. Buyers were optimistic at the $2 price point, allowing a rapid rebound to $2.4. Currently trading at around $2.3, XRP has great potential for a bullish run, potentially surpassing its all-time high of $3.3 in 2018, per the CNF report.

Cardano Price Analysis

Despite a modest wallet growth, Cardano’s price fell sharper, down by 9% over the week. ADA is trading in a range-bound manner between $0.9 and $1.3, which indicates a cautious investor sentiment. The macro trend is still bullish, but ADA needs to break through $1.3 and establish it as support to regain the upward momentum.

Dogecoin Price Forecast

Dogecoin price tested the $0.318 support level. Despite a 20% drop over four days, DOGE remains above its 200-day moving average of $0.284. This positioning indicates efforts by long-term traders to establish a price floor. Buyer interest around the VWAP at $0.326 could support a potential recovery.

Chainlink Price Faces Uncertainty

While others are seen bottoming, Chainlink lost 3,300 of its wallets due to bearish investor sentiment. LINK price has fallen below the $23 support level, which coincides with levels based on key Fibonacci retracements. LINK trading is far below its high of $30.94 recorded in 2024 and appears bearish unless a rebound above $23.