Market Analysis | ForkLog

ForkLog 19 27.07.2021

Daily liquidation volume on the crypto-derivatives market reached $1.13 billion

On July 26, the crypto-derivatives market saw liquidations totaling $1.13 billion, of which $961.8 million were short positions, according to Bybt.

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ForkLog 10 21.07.2021

Glassnode analysts weigh the arguments for and against the end of Bitcoin’s bear phase

On-chain activity in the Bitcoin network remains subdued, and long-term investor behavior is steady. Based on these and other observations, Glassnode analysts presented bullish and bearish scenarios for the future development of the situation.

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ForkLog 8 20.07.2021

Ruffer Investment explains rejection of Bitcoin as ’empty pricing’.

The asset-management firm Ruffer Investment did not expect heightened attention to Bitcoin from institutional investors. This is stated in the firm's 12-month financial report.

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ForkLog 10 13.07.2021

Glassnode analysts report a drop in miner activity amid shrinking exchange balances

Balances of exchange wallets continue to decline for the third week in a row as miners’ net position moves into accumulation. Glassnode analysts concluded as much. The shift from distribution to holding coins has become characteristic for other categories of participants in the crypto market as well. As volatility squeezes out of the Bitcoin market, it is starting to feel like the calm before the storm. This week we analyse a range of metrics seeking bull/bear triggers for — Miners — Exchanges — Derivatives — Investors. Read more in The Week On-chain https://t.co/HHjjHethbY

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ForkLog 31 13.07.2021

When will Bitcoin’s price resume its rise? A guide to on-chain indicators

ForkLog has gathered and analysed the most interesting and up-to-date on-chain indicators to assess Bitcoin’s price in the short- and mid-term.

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ForkLog 157 07.07.2021

MicroStrategy CEO: Bitcoin traders are always disappointed by volatility

Bitcoin traders do not understand the technology or the macroeconomic framework, and are therefore inevitably disappointed by volatility. This view was expressed by MicroStrategy CEO Michael Saylor on a podcast hosted by analyst Sven Henrich.

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ForkLog 8 06.07.2021

Number of active Bitcoin addresses fell in June by 9.38%

The number of active Bitcoin addresses fell by 9.38% in June, but some on-chain indicators still point to positive signals.

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ForkLog 14 05.07.2021

Bitcoin-exchange trading volumes halved in June.

Trading volumes on the leading cryptocurrency exchanges in June fell by 52%. The figure reached a five-month low of $1.2 trillion. Binance's trading volume declined from $1.5 trillion to $668 billion, Huobi from $270 billion to $141 billion, Coinbase from $201 billion to $77 billion. Earlier, on June 7, users {{AOPEN_1}}withdrew 22,550 BTC{{ACLOSE_1}} from Bitcoin exchanges.

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ForkLog 24 02.07.2021

Active Ethereum addresses surpass Bitcoin’s metric, according to Glassnode data

The seven-day moving average of active addresses on the Bitcoin network over the past six weeks declined by 60% — from about 1.3 million to about 500,000, the lowest since April 2020. The figure was lower than the corresponding metric on the Ethereum blockchain.

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ForkLog 13 29.06.2021

Glassnode: Short-term investors sold Bitcoin at a loss of $3.83 billion

Last week, the volume of Bitcoin realized at a loss by short-term investors reached $3.83 billion. According to Glassnode, with long-term holders selling $383 million worth of coins at a profit, the total loss rose to a record $3.45 billion.

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ForkLog 18 23.06.2021

Bitcoin back above $34,000; Ethereum above $2,000

On Wednesday, June 23, the price of the leading cryptocurrency rose above $34,000. After hitting a local low, the asset climbed 20%.

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ForkLog 9 22.06.2021

Experts weigh Bitcoin’s odds of falling to $25,000

The current technical picture does not favour Bitcoin, but the cryptocurrency may still have a chance to resume its growth, according to experts consulted by ForkLog.

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