Market Analysis | ForkLog

ForkLog 12 07.05.2024

Bitcoin Options Traders Bet on Surge to $100,000

The ratio of bitcoin options positions suggests a rise in the price of digital gold. Macroeconomic factors support an upward trend. Traders’ expectations for Ethereum options have become less optimistic. The ratio of call and put options on bitcoin indicates traders expect a spot price of $70,000-$100,000 by the end of 2024, according to CoinDesk […]

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ForkLog 12 07.05.2024

Hong Kong ETF Launch Eases Outflow from US Crypto Funds

From April 27 to May 3, outflows from cryptocurrency investment products amounted to $251 million. This negative trend continued for the fourth consecutive week, according to CoinShares. Data: CoinShares. The negative result could have been even higher if not for the inflows into exchange-traded products launched on April 30 in Hong Kong ($307 million). Analysts […]

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ForkLog 11 07.05.2024

SEC Delays Decision on Invesco and Galaxy’s Spot Ethereum ETF

The SEC has postponed its decision on the ETH-ETF from Invesco and Galaxy to July 5. Inflows into U.S. Bitcoin spot ETFs continued for the second consecutive day. Hong Kong’s BTC-ETF recorded its first net outflow. The U.S. Securities and Exchange Commission (SEC) has extended the review period for the proposed spot Ethereum ETF by […]

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ForkLog 13 02.05.2024

Bitcoin Options Indicate Summer Lull, Says Expert

Traders dealing in bitcoin options are bracing for a summer lull in the market. This conclusion was drawn by Jag Kuner, head of derivatives at Bitfinex, as reported by The Block. “Summer is usually a period of low volatility. Participants begin to build corresponding positions,” the specialist commented. According to the expert, since mid-April, the […]

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ForkLog 33 02.05.2024

VanEck Assesses Bitcoin Holdings of ETFs, Nations, and Companies

The combined value of bitcoins held in the wallets of various nations, public, and private companies amounts to $175 billion, according to calculations by VanEck, reports The Block. Data: The Block. This figure represents approximately 15% of the total market capitalization of the leading cryptocurrency, according to CoinGecko. “Interest in digital gold among institutional investors […]

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ForkLog 20 02.05.2024

Record $564 Million Outflow from Bitcoin Spot ETFs in a Single Day

On May 1, the outflow from spot Bitcoin ETFs reached a record high since the approval of these products, amounting to $563.8 million. BlackRock’s IBIT recorded its first negative performance, with an outflow of $36.93 million. According to SoSoValue, yesterday’s Bitcoin spot ETF had a total net outflow of $564 million, a record high. Grayscale […]

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ForkLog 3 01.05.2024

Standard Chartered Warns of Bitcoin’s Potential Decline to $50,000

The dip in Bitcoin’s price below $60,000 has reopened the path to the $50,000–52,000 range, Standard Chartered has warned, according to The Block. They cited a “combination of crypto-specific and broader macroeconomic factors” as the cause of “new woes.” The bank refers to a five-day outflow of funds from U.S. spot Bitcoin ETFs and a […]

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ForkLog 18 01.05.2024

Expert Highlights Declining Confidence in Bitcoin and Ethereum Growth

A significant drop in the implied volatility (IV) of at-the-money options for Bitcoin and Ethereum indicates a waning confidence in potential price increases, according to trader Gordon Grant, as reported by The Block. According to the dashboard, the relevant metric for weekly and monthly contracts linked to the second-largest cryptocurrency by market capitalization has plummeted […]

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ForkLog 27 30.04.2024

Bitcoin Records First Monthly Loss as Ethereum Falls to $3000

The price of the leading cryptocurrency has shown negative monthly dynamics for the first time since August 2023, decreasing by 12% in April—from $70,000 to $61,000. Monthly BTC/USDT chart on Binance. Data: TradingView. The correction over the past 30 days has been the largest since June 2022, when Bitcoin opened the month at around $31,000 […]

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ForkLog 18 30.04.2024

Bitcoin Spot ETF Outflows Persist for Fourth Consecutive Day

On April 29, the net outflow from spot Bitcoin ETFs amounted to $51.5 million, marking the fourth consecutive day of this negative trend. According to SoSoValue, the total net outflow of Bitcoin spot ETF yesterday, April 29, was $51.5316 million. GrayscaleETF GBTC had a single-day net outflow of $24.6607 million. ARKB had a single-day net […]

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ForkLog 11 29.04.2024

Bitcoin ETF Interest Wanes, Fueling Crypto Fund Outflows

Outflows from cryptocurrency investment products amounted to $435 million from April 20 to 26. This negative trend continued for the third consecutive week, according to CoinShares. Data: CoinShares. While withdrawals from Grayscale’s GBTC are slowing down [a nine-week low of $440 million], we observe a weakening in inflows to “new” ETFs — inflows amounted to […]

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ForkLog 16 29.04.2024

Ethereum’s Transaction Fee Drop Signals Potential Altcoin Season

The reduction of transaction fees on the Ethereum network to a six-month low of $1.12 may indicate the onset of an altcoin season, according to Santiment. ? #Ethereum‘s average fee level has dipped to just $1.12 per network transaction, the lowest average cost in a day since October 18th. Traders historically move between sentimental cycles […]

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