Analysts and traders discuss both bull and bear cases for Bitcoin after the BTC price plunged to $16,200. The price of Bitcoin (BTC) dropped sharply on Nov. 26 following a mass sell-off from whales. Data from on-chain data firms, namely Santiment, Intotheblock, and CryptoQuant, show heightened levels of whale exchange inflows. Whales selling right under […]
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Data shows Bitcoin has a pattern of sharply correcting after the open interest on BTC futures tops $1 billion. There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market share until July 2019. For this reason, traders kept a close eye on every indicator […]
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Bitcoin’s recent correction is healthy, but several altcoins have lost momentum and could remain range-bound for a few days. Bitcoin’s (BTC) rise above $20,000 will have to wait as the price saw a strong correction which and turned away from reaching a new all-time high. Data suggests that whales decided to book profits when Bitcoin […]
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Bitcoin derivatives trading is on the rise as institutional investors flood the market. CME Group has become the world’s largest Bitcoin (BTC) futures market following a surge in open interest over the past month, industry data shows. In a Friday tweet, Arcane Research announced that CME had overtaken OKEx as the world’s largest Bitcoin futures […]
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Bloomberg praises market depth and liquidity, agreeing that conditions are much better now than during Bitcoin’s 2017 bull run. Bitcoin (BTC) continues to convert some of its harshest traditional critics from mainstream finance as Bloomberg admits that this bull run is nothing like 2017. In an article on Nov. 27, the publication known for its […]
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Bitcoin loses $17,000 as whales started to deposit BTC to exchanges once again. The price of Bitcoin (BTC) dropped below $16,900 again on Nov. 27 across top exchanges, including Binance. The recent pullback comes as whale exchange deposits started to increase. Ki Young Ju, the CEO of CryptoQuant, reported that the All Exchange Inflows Mean […]
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Bitcoin price fell short of reaching $20,000, but record high open interest on BTC futures shows pros are still bullish. Bitcoin (BTC) price failed to blast through the $20,000 level this week but multiple records related to volume and open interest were made on the way up to $19,484. One notable achievement was the open […]
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A bigger Bitcoin pullback or a consolidation might follow, analysts say, as the risk of whale sell-off remains. Analysts say a larger Bitcoin (BTC) price pullback or a consolidation period could occur. The two factors that could trigger more downside include increasing whale activity and short-term resistance. Bitcoin whale watching As Cointelegraph reported, Bitcoin crashed […]
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The contracts will offer traders a longer time horizon for speculating on the digital asset. Bybit announced Thursday that it will roll out a BTC/USD quarterly futures contract on Nov. 30. Two contracts will be offered at launch — BTCUSD1225, settling on Dec. 25, 2020, and BTCUSD0326, which is settled on March 26, 2021. Bybit […]
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The former CFTC chairman is currently working as a financial advisor for the Biden-Harris transition team. With 55 days until his inauguration as President of the United States, Joe Biden is reportedly considering the former chairman of the Commodity Futures Trading Commission for a permanent position in his administration. According to a Nov. 25 report […]
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