Futures Market Data The Bitcoin futures market doesn’t show signs of overheating yet. The funding rate, which indicates the sentiment of derivatives traders, has stabilized at a relatively low level. Historical Context Historically, a high funding rate has been a bearish sign for Bitcoin. It suggests that the majority of traders are bullish, which often…
Shiba Inu and Dogecoin have been popular investments leading up to the bull market. However, recent market downturns have affected their prices and investor sentiment. Sentiment Drops to Neutral The Fear & Greed Index measures investor sentiment towards crypto assets. It ranges from Extreme Fear (1-25) to Extreme Greed (76-100). Currently, both Dogecoin and Shiba…
A crypto expert, Inmortal, believes it’s time for Ethereum (ETH) to take the spotlight and predicts a significant rally. He anticipates an initial target of $4,000, supported by a chart indicating ETH’s stability at around $2,800. Solana’s Potential Inmortal also has his eyes on Ethereum’s rival, Solana (SOL). He observes that SOL has mirrored Ethereum’s…
Accumulation Surge Since the launch of Bitcoin (BTC) exchange-traded funds (ETFs) in January, whales have snapped up a staggering $16.8 billion worth of BTC. This surge in accumulation signals the arrival of institutional investors into the crypto market. Whales Return The amount of BTC held by whales has recovered to pre-FTX collapse levels. However, traditional…
False Breakout for Pepe Analyst DonAlt, known for predicting the 2023 crypto surge, believes Pepe (PEPE) is facing a sharp decline. After a false breakout to new highs, sellers pushed the price below its previous range. This bearish sign suggests that demand is being overwhelmed by sellers. Support Levels for Pepe DonAlt predicts that Pepe…
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…
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…
