Bitcoin Traders Sink Into Fear As Price Crashes Below $58,000

Data shows that Bitcoin traders’ sentiment has declined into ‘fear’ after the price crash the cryptocurrency has seen during the past 24 hours. Bitcoin Fear & Greed Index Is Now Suggesting A Fearful Market The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment currently held by [...]

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Bitcoins Bold Bet: Options Traders Eye $100K Surge By September

The crypto market is currently buzzing with anticipation as Bitcoin options traders position themselves for what they foresee as a substantial price rally in September. Particularly, the derivatives market is expressing confidence, with a significant number of traders betting on Bitcoin surpassing the $100,000 mark. Bitcoin Market Optimism Amidst Whale Movements Recent analysis from industry [...]

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Bitcoin Trader Selling Pressure Declining, CryptoQuant Head Explains Why

The head of research at the on-chain analytics firm CryptoQuant has explained why selling pressure from Bitcoin traders may be declining. Bitcoin Short-Term Holder Realized Price Has Risen To $60,000 In a new post on X, CryptoQuant head of research Julio Moreno has discussed why the short-term holder selling pressure may be declining for BTC. [...]

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The Bitcoin price surge has led to a market FOMO among small BTC addresses

Small BTC addresses surge in 2023, boosting bitcoin market enthusiasm. (Read More)

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How are ‘lite’ versions of crypto apps helping adoption?

Crypto exchanges use technology and basic design principles to attract a new wave of users into the crypto ecosystem.

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What is the Bitcoin CME gap?

Trading Bitcoin can follow many strategies. Do you use Fundamental Analysis or Technical Analysis? Are you a day trader, swing trader, scalper, or HODLer? No matter which type of trader you are, it is always good to "mind the gap".

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Short Traders Decimated As Bitcoin Barrels Past $43,000

Bitcoin has surprised the market with its recent surge. The digital asset which has been struggling below $40,000 for the past week made a break for it with an incredible rally that saw its peak above $44,000. It took the market by surprise and no doubt the traders as liquidations have been the order of the day. Short traders have gotten the short end of the stick as they see hundreds of millions liquidated in the past day. Bitcoin Liquidations Run Amok Short traders have been dominating the market for a while now given that the value for the cryptocurrency has been trending low. This was made worse by the Ukraine-Russia crisis. Bitcoin had managed to hold its ground around the $36K-$38K level without slipping too low. Monday would however prove to be a deviation from the norm as the recovery took the market by surprise. Related Reading | Bitcoin Mining More Damaging To The Environment After China Ban, Study Says On Monday, bitcoin had rallied past $44,000 in what can be described as a sharp ascent. Happening over a matter of minutes, short traders were caught unawares by this movement. As such, millions of dollars in short positions were liquidated and $40K price walls across exchanges were all brought down. BTC on another recovery trend | Source: BTCUSD on TradingView.com In total, over $100 million worth of bitcoin positions has been liquidated in the last 24 hours. The last 12 hours account for about 50% of this volume as the price continues to maintain upwards momentum. In total, there has been $147 million worth of BTC liquidations in the past 24 hours. Shorts account for the majority of this figure, although there have been millions in long liquidations, however to a lesser degree. Altcoins Not Left Out Not only has bitcoin recorded large liquidations over the last day, but altcoins have also recorded large liquidation volumes in the same time period.  Naturally, bitcoin has suffered the majority of liquidations but that is expected as it is the most valuable asset in the space. However, this does not mean that altcoins have dodged the onslaught as they have also recorded over $100 million in liquidations. Related Reading | TA: Bitcoin Rallies Over 12%, Why This Could Be Major Trend Change Ethereum leads altcoins in liquidations as $58 million has been recorded over the past day. Same as Bitcoin, shorts have been the major contributors to this number as ETH has also recovered towards $3,000. Crypto liquidations surpass $300 million in 24 hours | Source: Coinglass An unlikely candidate, Luna, has come in third place in terms of liquidations. The native token of the Terra blockchain had seen $14 million in liquidations in the past 24 hours, over $6 million of which were recorded in the last 12 hours alone. The altcoin is up more than 20% in the last day, recording one of the largest increases in the recent rally. Featured image from NationalWorld, charts from Coinglass and TradingView.com

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Bitcoin leverage ratio reaches new highs

In a dramatic week for Bitcoin price action, traders are keen to capitalize, hitting a new all-time high for the leverage ratio.

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Peter Brandt Raises Bitcoin Price Target to $200,000 for the Current Bull Market Cycle

Veteran trader Peter Brandt has provided an update on his bitcoin price prediction. He explained that the price target for “the current bull market cycle” scheduled to end in Aug/Sep next year has been raised from $120,000 to $200,000. Peter Brandt on Bitcoin Bull Market Cycle Peter Brandt provided an update on his bitcoin price [...]

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AI signals vs. human intuition: Decision-making in crypto trading

AI and human intuition together can make for powerful trading tools.

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Bitcoin Traders Retain High Leverage Amidst Decline In Funding Rates Details

After hitting the $100,000 milestone, Bitcoin suffered a sudden price crash on Friday resulting in an estimated price loss of 7%. During this decline, the assets perpetual funding rates in the derivative markets took a hit. However, traders may yet retain enough leverage to strongly influence price volatility. Related Reading: Bitcoin On Track To Replace Gold In 10 Years, Trading Firm Predicts Bitcoin Short-Term Outlook Uncertain Due To Heightened Leverage In an X post on December 6, blockchain analytics firm Glassnode expressed that Bitcoins perpetual funding rate may hold significant implications for the assets short-term price.  For context, perpetual funding rates are periodic payments made between traders in the perpetual futures market to ensure the contract price aligns with the spot price of Bitcoin. Positive funding rates indicate that long positions are paying shorts, which is bullish while negative funding rates represent the vice versa. According to Glassnode, BTCs perpetual funding rates initially showed signs of stabilization on its weekly frame amidst speculative demand. However, the assets surge to $100,000 on Thursday driven by increased market leverage saw these funding rates rise by 3.6x their weekly average.   Notably, Bitcoins perpetual funding rate hit a peak of 0.062, representing its highest value since April. Importantly, the analytics team at Glassnode notes that this rate spike suggests significant influence by the derivative market on Bitcoins ascent above $100,000. However, Bitcoins flash price resulted in a major decline in its funding rates slightly above 0.024. Despite this fall, Glassnode states these rates are still relatively high compared to earlier this week, indicating the Bitcoin market still contains a significant level of leveraged positions.  This residual leverage in the market indicates a strong potential for increased price volatility. Therefore, Bitcoins price movement in the coming days appears unclear as a reversal on either side could trigger a significant level of liquidation,  inducing a cascading effect. Related Reading: Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers STH Cost Basis Points To $112,000 Price Target In other news, renowned analyst Ali Martinez has posted a Bitcoin price prediction based on the assets short-term holder (STH) cost basis i.e. the average price at which those who typically acquired BTC over the last 155 days. It indicates a break-even level for these investors.  According to Martinez, the STH behavior indicates that Bitcoin would reach a local top or $112,926 price based on a +1 standard deviation that adjusts the level of STH cost basis upward to account for price volatility and behavioral trends. At press time, Bitcoin trades at $100,137 after its recovery from Fridays crash faced a rejection at $102,000. Meanwhile, the assets trading volume is down by 42.46% and valued at $89.12 billion. Featured image from TradeSanta, chart from Tradingview

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Bitcoin 30-Day Trader Profits Back In Healthy Range, Is BTC Ready For $100,000?

On-chain data shows the unrealized gains of the 30-day Bitcoin investors are now back inside the historical ‘healthy’ zone, a sign that could be bullish for BTC. Bitcoin MVRV Ratio For 30-Day Traders Has Declined Recently In a new post on X, the on-chain analytics firm Santiment has discussed about the trend in the Bitcoin Market Value to Realized Value (MVRV) Ratio. The MVRV Ratio here refers to an indicator that keeps track of how the value held by the BTC investors (that is, the market cap) compares against the value that they initially put in (the realized cap). Related Reading: XRP, Bitcoin See Lack Of Euphoria: Why This Is Bullish When the value of this metric is greater than 1, it means the market as a whole is in a state of net unrealized profit. On the other hand, it being under the threshold implies the dominance of loss among the investors. In the context of the current topic, the MVRV Ratio for the entire market isn’t of interest, but rather that of two specific holding ranges: 30-day and 365-day. The indicator corresponding to these ranges provides insight into the profit-loss breakdown of the monthly and yearly buyers of the asset. Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin MVRV Ratio for the 30-day and 365-day traders over the last few months: As displayed in the above graph, the Bitcoin MVRV Ratio for the 30-day investors had shot up to significant levels last month as the asset’s all-time high (ATH) exploration had taken place. Since the cryptocurrency has fallen to its consolidation phase, though, the metric has observed a cooldown. In the chart, Santiment has highlighted three zones for the indicator based on the historical trend. It would appear that the earlier increase had seen the metric surge into the ‘danger’ region, but with this decline, it’s now back inside the ‘healthy’ range. More specifically, the indicator has a value of 4.2% now, which is just inside the +5% to -5% range of the healthy zone. From the chart, it’s visible that the metric was last at this level on 26 November, just after which BTC observed a rebound. Generally, the tendency of the investors to sell goes up the higher amount of profits that they own, so high values of the MVRV Ratio can be a bad sign for the asset’s price. This is why the indicator being higher than 5% corresponds to the danger zone. Related Reading: Strong Bitcoin Rise Expected Within 1-2 Months, Quant Explains Why With the MVRV Ratio of the 30-day traders making a return into the healthy range, it’s possible that Bitcoin may be able to see a resumption of its rally or at least, avoid a further drop. The indicator for those who bought within the past year sits at more than 37%, but usually, investors who have been holding for so long don’t tend to sell easily, so these high profits may not be an immediate threat to BTC. BTC Price At the time of writing, Bitcoin is trading around $94,900, down 1% over the last week. Featured image from Dall-E, Santiment.net, chart from TradingView.com

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53% Of Binance Traders Are Shorting Bitcoin What Does This Mean For Price Action?

After several weeks of sustained upward momentum, Bitcoin is currently holding above $66,000. The price has recently encountered resistance at the crucial $69,000 level, which is expected to take time and significant liquidity to overcome.  Key data from Binance reveals that more than half of futures traders have shorted BTC in the past few hours, [...]

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