K33 | ForkLog - Part 3

ForkLog 13 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 […]

AI translated

ForkLog 8 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 […]

AI translated

ForkLog 6 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. […]

AI translated

ForkLog 16 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 […]

AI translated

ForkLog 16 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 […]

AI translated

ForkLog 10 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, […]

AI translated

ForkLog 7 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.

AI translated

ForkLog 8 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.

AI translated

ForkLog 8 23.11.2023

Experts explain the advantages of spot Bitcoin ETFs for ordinary investors

K33 Research: approval of spot Bitcoin ETFs in the U.S. will simplify access to digital assets and reduce the risk of a 60/40 investment portfolio through diversification.

AI translated

ForkLog 6 16.11.2023

K33 Research: AUM in Bitcoin products hits a record as ETF approval looms

AUM in Bitcoin products reached a record 204,170 BTC. K33 Research analysts explained the situation by the approaching deadlines for the Securities and Exchange Commission's decision on spot ETF filings.

AI translated

ForkLog 9 02.11.2023

Analysts note asset managers’ interest in Ethereum

CoinShares: Ethereum currently offers the most attractive growth prospects among the major cryptocurrencies for asset managers.

AI translated

ForkLog 11 24.10.2023

Open interest in CME Bitcoin futures hits a new high

Open interest in CME Bitcoin futures first surpassed 100,000 BTC. This drew the attention of K33 Research analyst Vetle Lunde.

AI translated

#K33