K33 | ForkLog - Part 3

ForkLog 62 12.06.2024

K33 Research Warns of High Risk for Crypto Traders Ahead of Fed Meeting

The cryptocurrency market is “highly exposed to risk” ahead of key inflation data and the Federal Reserve meeting. The Committee’s rate trajectory forecast and Jerome Powell’s press conference predictions will significantly impact prices. Clients of unregulated crypto derivatives platforms remain “highly exposed to risk,” increasing the potential for long liquidations ahead of key macroeconomic events, […]

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ForkLog 12 05.06.2024

K33 Research Predicts Up to $4.8 Billion Inflows into ETH ETFs Within Five Months

In the initial five months following the commencement of trading, net inflows into spot Ethereum-based ETFs are projected to range from $3.1 billion to $4.8 billion, according to calculations by K33 Research. Markets remain rangebound with low volatility, but moderate ETH ETF excitement is reflected in trader positioning. A relatively quiet week, but we expect […]

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ForkLog 22 16.05.2024

Institutional Interest: 937 Firms Invest $11 Billion in Bitcoin ETFs in Q1

937 institutional investors allocated $11.06 billion to spot Bitcoin ETFs in the first quarter. In July, Vanguard will be led by Salim Ramji, the creator of IBIT from BlackRock. Experts suggest the company might join the race for Bitcoin-based exchange-traded funds. As of March 31, 937 institutions had invested $11.06 billion in U.S. spot BTC-ETF […]

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ForkLog 39 16.05.2024

K33 Highlights Bullish Potential of FTX Payouts

Payouts in fiat to FTX creditors could trigger positive “buyer pressure” in the cryptocurrency market, according to a report by K33 Research. Under the proposed plan by the exchange, the total payout value will range from $14.5 billion to $16.3 billion. Analysts believe these funds are likely to create a “bullish overhang.” “Not all creditor […]

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ForkLog 21 24.04.2024

Potential Bitcoin Market Impact from Mt.Gox Creditor Sales Highlighted by Analysts

The impending sale of 142,000 BTC (>$9 billion) by creditors of the defunct Mt.Gox platform in the coming weeks could “spook the market” and exert pressure on Bitcoin. This conclusion was reached by K33 Research. It is anticipated that Mt.Gox will distribute its assets, comprising 142,000 BTC, 143,000 BCH, and 69 billion yen, to clients […]

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ForkLog 18 04.03.2024

Experts See Meme Coin Rally as a Sign of an Approaching Altcoin Season

The dominance level of Bitcoin has reached a potential reversal area. The hype around meme coins signals an upcoming altcoin season, but ETF inflows from institutions may delay its start. The trigger for the start of the altcoin season will be Ethereum’s price breakthrough above $3500. The two- to three-digit weekly growth in meme coin […]

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ForkLog 8 30.01.2024

Bitcoin ETFs Acquire $6.52 Billion in BTC, Challenging GBTC

As of January 29, nine spot Bitcoin ETFs launched since January 11 hold 150,846 BTC ($6.52 billion), according to K33 Research. January 30 150,000 BTC is held by the new ETFs — in less than three weeks! Significant slowdown of GBTC outflows led yesterday to see the strongest daily U.S. spot flows since January 17. […]

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ForkLog 24 25.01.2024

Record Outflows from Spot Bitcoin ETFs

On January 24, outflows from the Grayscale Bitcoin Trust ETF (GBTC) reached $429.3 million, surpassing the combined inflows into other spot bitcoin ETFs ($204.7 million). These calculations were provided by Bloomberg analyst James Seyffart. Day 9 — More $GBTC outflows, -$429 million. Still waiting on BlackRock data. pic.twitter.com/S2mjoEvg5o — James Seyffart (@JSeyff) January 25, 2024 […]

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ForkLog 22 23.01.2024

Rival Bitcoin ETFs Attract Over 100,000 BTC

Nine “new” spot Bitcoin ETFs have attracted 109,221 BTC. Due to GBTC sales, net outflows from instruments on January 22 reached 4,537 BTC ($179.6 million). Traders do not rule out a decline in Bitcoin to $36,000. The volume of coins held by spot Bitcoin ETFs, excluding the Grayscale Bitcoin Trust (GBTC), has reached 109,221 BTC […]

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ForkLog 11 10.01.2024

Bitcoin ETF Approval Diminishes Likelihood of Sell-Offs, Say Experts

Following a wave of long position liquidations, the anticipated sell-off after the expected approval of spot Bitcoin ETFs by the SEC is now less certain. Analysts at K33 Research have reached this conclusion. They believe the cascade of forced long closures has “sharply improved market conditions.” According to their observations, from January 2 to 6, […]

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ForkLog 16 20.12.2023

Analysts forecast approval of a Bitcoin ETF in early 2024

The approval of a spot Bitcoin ETF is likely by 10 January 2024, according to the K33 report.

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ForkLog 13 07.12.2023

K33 Research: Bitcoin rebounds faster than in previous cycles

K33 Research: the drawdown in BTC from ATH to 36% indicates a much faster rebound to the all-time high relative to previous cycles.

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