Market analysis

Key Bitcoin price metric signals traders are positioned for $50K BTC

Bitcoin (BTC) price posted a 25% gain after this week’s news of Tesla’s $1.5 billion BTC investment came out. Prior to this reveal, BTC was lagging behind Ether’s (ETH) performance by 7.5% but the numerous bullish events of the past few days helped BTC to hit a new all-time high at $48,900. Previous to Tesla’s …

Key Bitcoin price metric signals traders are positioned for $50K BTC Read More »

Whales profit as high Ethereum gas fees sideline retail DeFi investors

Since early 2020 the decentralized finance sector has been recieved a lot of attention due to its cutting-edge innovation and the lucrative high yield opportunities offered to cryptocurrency holders.  Despite these features, this week’s record-high gas fees show that the sector is still having growing pains and the absence of a suitable layer 2 solution …

Whales profit as high Ethereum gas fees sideline retail DeFi investors Read More »

Growing list of billion-dollar crypto ‘unicorns’ suggest the best is yet to come

In the traditional investing world ‘unicorn’ is a term used by venture capitalists to describe a privately held startup valued at more than $1 billion.  Typically these startups have strong fundamentals and oftentimes a first-mover advantage that helps them rapidly rise in value to become prized investment opportunities for yield-seeking funds. Some of the best-known …

Growing list of billion-dollar crypto ‘unicorns’ suggest the best is yet to come Read More »

Bitcoin bulls target $40K as Friday’s $1B BTC options expiry approaches

On Feb. 5, a total of $1 billion in Bitcoin (BTC) options open interest is set to expire. This number is small relative to the past month’s $4 billion options expiry, but monthly and quarterly options typically concentrate the most volume.  Friday’s expiry is somewhat unusual although it is balanced at the current BTC levels. …

Bitcoin bulls target $40K as Friday’s $1B BTC options expiry approaches Read More »

Bitcoin price returns to troubled waters hours after Elon Musk’s BTC tweet

When Bitcoin’s (BTC) price dropped 10% to $29,150 on Jan. 27, something unusual happened with the Chicago Mercantile Exchange (CME) BTC futures contracts.  As the price fell, these CME Bitcoin futures traded at a 1% discount to Coinbase, which signaled a disarrangement between both markets. Good morning. Bitcoin spot has almost full retraced the weekly. …

Bitcoin price returns to troubled waters hours after Elon Musk’s BTC tweet Read More »

Key metrics show this week’s $4B Bitcoin options expiry favors bulls

Over the past two weeks, Bitcoin price appears to have lost momentum and some analysts are suggesting that bears will be in control for the foreseeable future. Taking a look at derivatives market data provides a clearer picture of what is happening on the institutional side and how the moves of larger players may impact …

Key metrics show this week’s $4B Bitcoin options expiry favors bulls Read More »

Pro traders buy the dip as bears push Bitcoin price to the edge of $30K

In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of writing the 4-hour chart suggests that the selling could be slowing down.  Currently the shorter-term charts indicate that …

Pro traders buy the dip as bears push Bitcoin price to the edge of $30K Read More »

Pro traders go short as overbought derivatives propel Ethereum’s new high

Ether’s (ETH) performance over the past week has been nothing short of exceptional. The price rallied from a $905 low on Jan. 11 to a new all-time high at $1,440 on Jan. 19.  According to Cointelegraph, the main reasons fueling this move are the growth of decentralized finance (DeFi) protocols as the total value locked …

Pro traders go short as overbought derivatives propel Ethereum’s new high Read More »

Hedge fund predicts $115K Bitcoin price and the fall of ‘speculative’ altcoins

New data from Pantera Capital, an investment firm and hedge fund, suggests that Bitcoin’s (BTC) current price action is closely following the stock-to-follow model’s trajectory and the firm’s analysts believe BTC will reach $115,212 by Aug. 1.  Bitcoin’s parabolic rally may have placed the price a bit ahead of the model’s projection and this week’s …

Hedge fund predicts $115K Bitcoin price and the fall of ‘speculative’ altcoins Read More »

Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum

Bitcoin’s parabolic increase well above its previous all-time-high has many experiencing déjà vu from 2017 and a number of analysts are concerned the market is overdue for a sizable correction.  On Jan. 8 With Bitcoin (BTC) price reached a new all-time high at $41,940 and this week’s 28% collapse to $31,076 had professional and retail …

Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum Read More »