$1.2 Billion Leaves the Platform Large Bitcoin Withdrawal from Coinbase Bitcoin has experienced its second significant outflow from Coinbase in just a week, with approximately $1.2 billion worth of BTC leaving the platform. Exchange Outflow Indicator The “exchange outflow” indicator measures the amount of Bitcoin being transferred out of centralized exchanges. A high value indicates…
Crypto analyst Benjamin Cowen is sounding the alarm on Ethereum, predicting it could suffer a major correction similar to the one it experienced in mid-2019. Parallels to 2019 Cowen points out that the current market conditions for Ethereum are eerily similar to those of 2019. Back then, a cut in interest rates by the Federal…
Economist Alex Krüger is predicting new all-time highs for Bitcoin (BTC) and a significant surge for the altcoin Core (CORE). Bitcoin’s Bullish Outlook Krüger believes Bitcoin’s daily market structure is bullish, suggesting a new all-time high is imminent. Core’s Potential Krüger is particularly bullish on CORE, a layer-one blockchain with a hybrid consensus mechanism. He…
Crypto analyst Ali Martinez reports that the crypto market has witnessed an unprecedented surge in capital inflow, reaching a staggering $110 billion in just the past 30 days. Whale Activity Martinez highlights significant whale activity, with large investors accumulating massive amounts of Dogecoin (DOGE) over the past two weeks, totaling around $280 million. Bitcoin Technical…
Bitcoin had a rough start to the week with a sudden drop that sent its price below $69,000. While it’s recovered a bit since then, the damage is done. Thousands of Traders Liquidated The crash triggered a wave of liquidations, where traders lost their leveraged positions. Over 81,000 traders were flushed out, losing a whopping…
Bitwise CIO Matt Hougan claims that investors with a collective wealth of $100 trillion are beginning to invest in Bitcoin and cryptocurrencies. Bitcoin Bull Market According to Hougan, Bitcoin is experiencing a “raging” bull market, and the recent launch of spot Bitcoin ETFs has made it accessible to institutional investors. Inflows Surge The Bitcoin ETFs…
Breakout Process Analyst Rekt Capital believes Bitcoin has broken out of a weekly range that could lead to a surge. This range was defined by the 2021 candle peak and the 2021 upside wick. The first step in the breakout process was for Bitcoin to close above the range high of $69,200. This has occurred,…
Regulatory Crackdown Hong Kong’s crypto landscape is facing a shake-up. HKVAEX, a local exchange, is closing down due to increased regulatory scrutiny. The exchange launched in December 2022 but will shut down by May 1st, 2024. HKVAEX was linked to Binance, but the exchange denied any formal affiliation. Despite this, the closure comes amid a…
Long-Term Holders (LTHs) Selling Despite the recent bullish market, long-term Bitcoin holders (LTHs) have been selling. LTHs are investors who have held their coins for over 155 days. Net Position Change The “net position change” metric tracks the net amount of BTC entering or leaving LTH wallets. A negative value indicates that coins are leaving…
The Dogecoin community is excited for DOGE Day on April 20th. This day celebrates the popular meme coin, which started as a joke but has made a mark in the crypto world. What’s DOGE Day? DOGE Day is a time to show off Dogecoin’s unique spirit. The community embraces its goofy nature and often shares…
