Market Analysis | ForkLog

ForkLog 30 16.04.2024

Bitfinex Identifies a ‘2020 Pattern’ Preceding Bitcoin Surge

A significant reduction in the inactive supply of the leading cryptocurrency, which has been changing for over a year, suggests asset withdrawal from exchanges or sales by long-term holders, according to a report by Bitfinex. Volume of Bitcoin held by long-term holders. Source: Bitfinex. Current actions by bitcoin investors mirror the pattern observed in December […]

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ForkLog 9 16.04.2024

10x Research Founder Warns of Impending Market Correction

Markets for risk assets, including cryptocurrencies, are approaching a “critical turning point” that could lead to a significant correction, according to Markus Thielen, head of 10x Research. We Sold Everything Last Night -> ?1-11) Our growing concern is that risk assets (stocks and crypto) are teetering on the edge of a significant price correction (see […]

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ForkLog 27 16.04.2024

Analysts Examine USDe Stablecoin Vulnerabilities Amid Market Volatility

In a bear market, rewards from shorts on derivatives may be insufficient to maintain USDe’s stability. Concerns arise over the diversification of centralized partners. The growth of the “synthetic dollar” could limit the capacity of the crypto derivatives market. To gain trust, USDe from Ethena Labs must demonstrate resilience in adverse market conditions. Experts outlined […]

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ForkLog 10 15.04.2024

Analyst Predicts Bear Market if Bitcoin Falls Below $59,000

Should the price of the leading cryptocurrency drop below the short-term holders’ support level of $58,900, the market risks entering a bearish phase, according to analyst and CMCC Crest co-founder Willy Woo. Here’s how the markets look to me. $58.9k STH support, if this breaks we move to a bear market. CVD selloff has peaked, […]

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ForkLog 8 15.04.2024

Ethereum Funds Experience Fifth Consecutive Week of Outflows

Cryptocurrency investment products saw an outflow of $126 million from April 6 to April 12, including $28.7 million from Ethereum funds, according to analysts at CoinShares. In the previous two weeks, there was a combined inflow of $646 million and $862 million. Experts attributed the trend reversal to “market participants’ uncertainty” amid a pause in […]

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ForkLog 27 15.04.2024

Ethereum Lending Protocol Liquidations Surpass $127 Million

In the first two weeks of April, the volume of liquidated positions in Ethereum’s lending markets reached $127.8 million, exceeding monthly figures not seen since at least June 2022, according to The Block. The dramatic events of summer 2022 were driven by investors’ reactions to the collapse of Terra. The publication noted that the surge […]

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ForkLog 5 11.04.2024

Ethereum Faces High Volatility Amid ETF Decision Deadlines, Expert Warns

The implied volatility of Ethereum options expiring at the end of May indicates significant price fluctuations due to uncertainties surrounding the approval of a spot ETF. This was reported by Ruslan Lienkha, Head of Markets at YouHodler, to The Block. The publication noted that May 23 marks the final deadline for the SEC to decide […]

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ForkLog 3 11.04.2024

Expert Sees No Signs of Bull Market Ending

The continued rise in the price of the leading cryptocurrency in 2024 is predetermined by additional inflows into American spot bitcoin ETFs, according to CryptoQuant. Analysts explained that even from a conservative perspective, new ATH levels should be expected. Experts noted that only three months have passed since the formation of a large wave of […]

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ForkLog 4 08.04.2024

Crypto Funds Experience Record Inflows in 2023, Analysts Report

Between March 30 and April 5, cryptocurrency investment products saw inflows of $646 million, bringing total inflows for the year to a record $13.8 billion, according to analysts at CoinShares. Data: CoinShares. Investors allocated $663 million to bitcoin-related instruments, compared to the previous figure of $865 million. For the third consecutive week, clients have been […]

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ForkLog 28 05.04.2024

Bitcoin Resilience, Uniswap’s $2 Trillion Milestone, and Solana’s Ongoing Woes: A Market Overview

Bitcoin shows resilience amid bearish selling, while Solana faces transaction processing difficulties. ForkLog compiles the latest news and expert opinions on the market situation. Bitcoin’s Strength The leading cryptocurrency holds steady at $66,000-$67,000 despite trader pressure. Sellers have failed to trigger a classic bull market correction in this cycle, according to analyst Checkmate. Still my […]

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ForkLog 3 03.04.2024

Bitcoin’s Post-Halving Performance Analysed by Experts

The value of the leading cryptocurrency increased by an average of 3230% in the 12 months following a halving, according to estimates from CoinGecko. How has Bitcoin price performed after each halving? Our latest study shows that, on average, #Bitcoin price returned 3,230% gains within one year after each halving event. Read the full study: […]

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ForkLog 22 03.04.2024

Bitcoin Sales from Silk Road and Ethereum’s Quarterly Earnings: A Crypto Market Analysis

Following a correction, Bitcoin regained some ground, and other digital assets also showed positive trends. The current market is highly sensitive to news, prompting ForkLog to analyze recent events and gather expert opinions on the industry’s state. Sales and Purchases On April 2, a U.S. government-controlled wallet initiated a transfer of approximately 2,000 BTC (~$131 […]

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