Market Analysis | ForkLog

ForkLog 13 05.09.2023

Analyst flags Bitcoin risk as stochastic oscillator fades

In late August, Bitcoin's price on the monthly chart confirmed a move out of the stochastic oscillator's overbought zone, which could spell disappointment for Bitcoin bulls. Analysts at Fairlead Strategies reached this conclusion, according to CoinDesk.

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ForkLog 8 04.09.2023

Crypto fund outflows slow as volumes rise

Outflows from crypto investment products in the period from August 26 to September 1 fell from $168 million (the highest since March 2023) to $11.2 million. Analysts at CoinShares said.

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ForkLog 14 04.09.2023

FTX-linked wallet activity raises fears of an altcoin dump.

A transfer from the FTX-linked wallet of assets totaling about $10.2 million sparked concerns about a wave of depletion of its holdings in the bankruptcy proceedings.

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ForkLog 8 29.08.2023

Crypto funds log largest outflow in six months

Outflows from their cryptocurrency investment products during the period of August 19–25 were the largest since March 2023 — $168 million.

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ForkLog 19 29.08.2023

Experts assess the reliability of Bitcoin exchanges through on-chain indicators

Based on indicators derived from analysis of the collapse of FTX, Glassnode experts judged some caution warranted regarding Huobi’s status and its standing relative to Coinbase and Binance.

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ForkLog 9 29.08.2023

Bloomberg Analyst Says a Drop to $10,000 Would Not Hurt Bitcoin

The senior Bloomberg analyst Mike McGlone compared Bitcoin's metrics with those of the stock market and concluded that even a drop to $10,000 would not significantly shake the coin's position.

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ForkLog 20 29.08.2023

Bitcoin trading volume falls to five-year lows

On August 12, Bitcoin trading volume on spot and derivative exchanges fell to 112,317 BTC — the lowest since November 10, 2018, according to CryptoQuant.

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ForkLog 15 22.08.2023

RSI indicator signals Bitcoin’s most oversold level since 2020

The Relative Strength Index (RSI) on Bitcoin's chart fell below 20 for the first time since March 2020. Back then, the price plunged below $4,000 amid COVID-19.

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ForkLog 18 22.08.2023

Glassnode: Bitcoin crash leaves only 12% of coins in profit for speculators

The largest BTC drop of the year (7.2%) increased the share of loss-making coins among short-term investors to 88.3%. Glassnode provided such assessments.

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ForkLog 17 22.08.2023

Analysts quantify the ‘X’ multiples of Binance Launchpad’s most successful projects

Since Binance Launchpad began in December 2017, the value of the ten tokens from the most successful Binance Launchpad projects has risen by 113x to 1,649x, according to CoinGecko.

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ForkLog 17 21.08.2023

Delay in SEC decision on Bitcoin ETF triggers outflows from Bitcoin funds

CoinShares: outflows from cryptocurrency investment products from August 12 to 18 totaled $55.4 million.

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ForkLog 26 18.08.2023

Experts Identify Possible Causes of Bitcoin’s Decline

In the evening of August 17, Bitcoin's price fell sharply from $28,000 to $25,000, with a slight rebound by then. Community members tried to explain the situation.

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