Retail Investors Dumping Their Holdings As Bitcoin’s price soared past $67,000, small-time investors (those holding less than 0.1 BTC) have been selling their coins. This has put pressure on the price, but it’s not necessarily a bad thing. Historically Bullish Historically, when small investors sell, it often indicates that larger investors are buying. This redistribution…
Current Market Phase Quant analyst PlanB believes Bitcoin (BTC) is experiencing a bull market similar to the one seen in 2017. According to his chart, BTC is currently four months into this phase. Realized Cost Price Indicator PlanB’s chart also analyzes Bitcoin’s realized cost price indicator, which measures the value of BTC coins at the…
Technical Pattern Points to Price Surge A crucial Bitcoin metric, the Stablecoin Supply Ratio (SSR) Oscillator, has turned bullish, indicating a potential rally for the world’s largest cryptocurrency. SSR Oscillator Explained The SSR Oscillator compares the supply of stablecoins to Bitcoin to assess market sentiment. When the oscillator falls below the lower Bollinger Band, it…
Crypto analyst Ted has shared evidence that suggests the current Bitcoin bull run is far from over. Here are four key reasons why: 1. Liquidity Cycle Bitcoin follows a 65-month liquidity cycle, which is currently in an expansion phase that began in October 2023. This expansion is expected to peak in 2026, coinciding with central…
Total Bitcoin Holders Decline Data from Santiment shows that the number of Bitcoin holders with non-zero balances has dropped recently. This suggests that some investors are selling their coins. Shrimp Investors Dumping Small investors, known as “shrimps,” who hold less than 0.1 BTC, have sold 0.46% of their coins in the past week. This decline…
The Verdict The long-running legal battle between COPA and Dr. Craig Wright, who claimed to be Satoshi Nakamoto, the creator of Bitcoin, has finally come to an end. The court ruled that Wright lied extensively to support his claim. Wright’s Lies Exposed The court found that Wright’s evidence was “clumsy” and full of lies. He…
Leadership Transition Grayscale, a leading crypto asset manager and issuer of Bitcoin ETFs, has appointed Peter Mintzberg as its new CEO, effective August 15, 2024. Michael Sonnenshein, the current CEO, will step down. Capitalizing on Crypto Boom This transition comes at a pivotal time for Grayscale as the Bitcoin market gains momentum. The approval of…
SEC to Respond to Ripple’s Sealing Request On May 20th, the Securities and Exchange Commission (SEC) is expected to file a response to Ripple’s motion to seal certain documents. This motion aims to protect Ripple’s business interests during the lawsuit’s remedies stage. Ripple’s Sealing Requests Ripple has requested that the court seal: Names of business…
Crypto analyst Credible is sounding the alarm on Chainlink (LINK), predicting a significant correction after its recent surge. Mid-Cycle Top Reached Credible believes LINK has reached a mid-cycle top, indicating a potential pullback. He explains that after a 4x rally, a correction of 50-60% is natural and healthy. Elliott Wave Analysis Using Elliott Wave theory,…
Crypto analyst TechDev believes Bitcoin’s current market behavior mirrors the pre-rally period of 2017, which led to a massive 1,200% gain. Chart Comparison TechDev’s chart shows similarities between the 2017 bull run and the current market cycle. Both experienced bear market bottoms after major exchange crashes, followed by rallies and consolidation phases. RSI Indicator The…
