Cryptocurrency Analysis and News Portal
Quick take:Bitcoin whales holding more than 1,000 BTC sold their bags at $19,30011 of such whales sold enough to no longer be in the 1,000+ coin listSelling by whales is usually a tell-tale sign of a possible topA pull-back to the 50-day MA is possible before another push up by
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NLW looks at price action in crypto, the ETH 2.0 Beacon chain launching Dec 1, the Dow at 30,000 and Janet Yellen’s nomination as Treasury secretary.On this edition of The Breakdown weekly recap, NLW looks at what was an absolutely action-packed holiday week, discussing: Source
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The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another steep pullback.There are three main reasons why traders expect a deeper drop to occur in the near future, namely,
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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 Bitcoin's all-time high, particularly when the market sentiment was overly euphoric, led to a
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Bitcoin may have a tough time charting a V-shaped recovery to recent highs in the short term, with on-chain activity showing increased selling pressure in the market.Blockchain analytics firm CryptoQuant’s exchange inflow indicator – which measures the 144-block (roughly 24-hour) average of mean bitcoin deposits across major cryptocurrency exchanges –
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Bitcoin price is now trading at roughly 15% less than it was just days ago, falling short of
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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 connected to BitMEX, including its funding rate, open interest, and basis.Open interest measures the
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Bitcoin’s price has been flashing signs of immense weakness throughout the past few days, with the recent $19,500
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Today is the day after Thanksgiving in the United States, also known as Black Friday – a day
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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 market. Citing data from Skew, a market intelligence firm,
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