Market Analysis | ForkLog

ForkLog 42 28.08.2024

Bitcoin ETF Inflows Halt on Ninth Day

On August 27, outflows from spot Bitcoin ETFs amounted to $127.1 million, according to SoSoValue. In the preceding eight days, these products had seen inflows of $756 million. Data: SoSoValue. Investors withdrew $102 million from ARKB by ARK Invest & 21 Shares, $18.3 million from GBTC by Grayscale, and $6.8 million from BITB by Bitwise. […]

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ForkLog 10 28.08.2024

Glassnode Warns of Imminent Bitcoin Volatility Surge

The recent calm in the Bitcoin market is unlikely to last, with a period of heightened volatility expected, according to Glassnode. Market speculation remains relatively subdued for #Bitcoin, with investors locking in only marginal profit and losses, and a reset across perpetual swap markets. Historically, periods of quiet and calm market structure are short-lived, and […]

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ForkLog 15 27.08.2024

Bitcoin ETF Inflows Continue for Eighth Consecutive Day

On August 26, inflows into spot Bitcoin ETFs reached $202.5 million, according to SoSoValue. The total for the past eight days amounted to $756 million. Data: SoSoValue. Clients added $224.1 million to BlackRock’s IBIT, $5.5 million to Franklin Templeton’s EZBC, and $5.1 million to WisdomTree’s BTCW. There was an outflow of $16.6 million from Bitwise’s […]

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ForkLog 9 26.08.2024

Weekly Inflows into Bitcoin ETFs Surpass $500 Million

Inflows into spot Bitcoin ETFs from August 19 to 23 amounted to $506.4 million, according to SoSoValue. This positive trend continued for the second consecutive week. Data: SoSoValue. On August 23, clients withdrew $35.6 million from Grayscale’s GBTC. The structure of inflows was as follows: IBIT from BlackRock — $86.8 million; FBTC from Fidelity — […]

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ForkLog 8 26.08.2024

Fed Rate Cut Signals Boost Crypto Inflows to $543 Million

Inflows into cryptocurrency investment funds reached $543 million from August 18 to 24, up from $30 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the strengthening positive trend to Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium, during which he confirmed the possibility of a key rate cut in […]

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ForkLog 47 26.08.2024

Stablecoin Market Capitalization Reaches Record $168 Billion

The combined market capitalization of stablecoins has reached a new all-time high of $168 billion, marking an 11-month streak of growth. And just like that, we’re at a new all-time high. Total stablecoin market cap, excluding algorithmic stables, is now at the highest point ever, surpassing its previous high from early 2022. New money is […]

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ForkLog 14 23.08.2024

Bitcoin’s Reaction to Powell’s Speech and Growth Signals

During a speech in Jackson Hole, Wyoming, Federal Reserve Chairman Jerome Powell stated that “the time has come to lower the rate.” The pace of monetary policy easing will depend on economic indicators. The next meeting is scheduled for September 18. Market participants anticipate a rate cut of 0.25% with a probability of 67.5%, and […]

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ForkLog 28 23.08.2024

Bitcoin ETF Inflows Persist for Sixth Consecutive Day

On August 22, inflows into spot Bitcoin ETFs amounted to $64.9 million, according to SoSoValue. This positive trend continued for the sixth consecutive day. Data: SoSoValue. Clients withdrew $28.4 million from Grayscale’s GBTC and $11.5 million from Bitwise’s BITB. The structure of inflows is as follows: IBIT from BlackRock — $75.5 million; FBTC from Fidelity […]

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ForkLog 14 22.08.2024

Dovish Fed Minutes Boost Bitcoin Bullish Sentiment

Open interest in bitcoin futures surged from $30.21 billion to $31.92 billion following increased prospects of a Fed policy easing in September. The reduction in selling pressure from Mt.Gox clients and the German government, combined with heightened volatility, set the stage for renewed growth. Overbought conditions in several technical indicators could pose a challenge. On […]

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ForkLog 9 20.08.2024

Bitcoin Options Reflect Trader Optimism Post-US Elections

The distribution of bitcoin options set to expire four days after the US presidential elections reveals optimistic market expectations. This is reported by CoinDesk, citing a report from Wintermute. The opportunity to open these positions on Deribit emerged a month ago, with volumes already reaching $345.83 million. The put/call ratio stands at approximately 2:1, indicating […]

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ForkLog 20 20.08.2024

Experts Declare End to Bitcoin Miners’ Capitulation

The Hash Ribbons indicator has signaled the end of bitcoin miners’ capitulation, suggesting a reduction in their selling pressure on the market, according to CryptoQuant. Hash Ribbons signals the end of miner capitulation ⛏️ Hash Ribbons are a popular indicator that highlights periods of stress in the mining market. It uses the 30 and 60-day […]

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ForkLog 62 20.08.2024

CryptoPunk Sold at a Loss After $24 Million Purchase

Deepak Thapliyal, the owner of the most expensive CryptoPunk #5822, who acquired the token for 8000 ETH ($23.7 million at the time of the transaction) in 2022, has parted with the asset without disclosing the sale amount. End of an Era. ? #5822, Enjoy your new ? — Deepak (@dt_nfts) August 19, 2024 On August […]

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