Market Analysis | ForkLog

ForkLog 25 29.01.2025

Expert Assesses Bitcoin’s Chances of Falling Below $75,000

The recent pullback in Bitcoin has increased the likelihood of its further decline to $75,000 in the first quarter of the year, though the probability remains below 10%. This assessment was provided by Derive, reports Cointelegraph. Experts estimated the probability at 9.2%. Before testing the psychological mark of $100,000, it was 7.2%. The analysts’ calculations […]

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ForkLog 46 29.01.2025

Decentralized Derivatives Trading to Hit $3.48 Trillion by 2025

Throughout 2024, trading volume for perpetual contracts on decentralized exchanges reached a record $1.5 trillion and is likely to continue its rapid growth. These insights were shared by dYdX analysts in their Annual Ecosystem Report 2024. Trading volume of perpetual futures on DEX. Data: dYdX. Over the past year, trading volume in the segment grew […]

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ForkLog 10 28.01.2025

Experts Assess Bitcoin’s Position in the Market Cycle

Despite heightened market activity, the share of “young” UTXO has yet to reach historically peak levels. This was noted by CryptoQuant contributor known as IT Tech.

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ForkLog 14 28.01.2025

Bitcoin ETF Sees $457.5 Million Daily Outflow

On January 27, the outflow from spot Bitcoin exchange-traded funds reached a two-week high of $457.5 million. In the preceding seven days, investors had poured $4.22 billion into these instruments. Data: SoSoValue. Glassnode noted that around 5,000 BTC were withdrawn from ETFs, which is significantly less than the record outflow on January 10 (11,600 BTC). […]

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ForkLog 14 27.01.2025

Rise in ‘New’ Bitcoin Whales Observed by Analysts

The proportion of investors holding at least 1,000 BTC, who acquired their coins within the last 155 days, has increased from 43% to 60%, according to CryptoQuant. This metric is calculated relative to realised capitalisation. The increase reflects the emergence of large players amid optimistic sentiment. Data: CryptoQuant. Unlike ‘old’ whales, who adhere to long-term […]

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ForkLog 12 27.01.2025

Crypto Fund Assets Reach Record $173.3 Billion

Between January 18 and 24, cryptocurrency investment funds received $1.9 billion following $2.2 billion the previous week, according to data from CoinShares. Data: CoinShares. Analysts cited the signing of an executive order by the US President to establish a working group on digital asset markets as a driving factor. Among its tasks is the assessment […]

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ForkLog 14 26.01.2025

The Resilient Holders Outshine FOMO Traders: Expert Analyzes Bitcoin Market Dynamics

The market is witnessing a clash between speculative short-term Bitcoin holders and long-term investors, with the latter emerging victorious. This observation was made by CryptoQuant author known as IT Tech. Source: CryptoQuant. According to the analyst, the dominance of supply by LTH remains high, indicating strong confidence in growth. The “diamond hands” continue to accumulate […]

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ForkLog 34 23.01.2025

Glassnode Observes Bitcoin Holders Resuming Accumulation

Following a sharp sell-off at the $100,000 level, the number of bitcoins held by long-term investors has begun to rise. These changes were recorded by Glassnode. Also, Long-Term Holders (LTH) show signs of returning to accumulation. After a steep sell-off at $100k, LTH supply is now trending upward. A similar trend was observed after the […]

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ForkLog 11 22.01.2025

Bitcoin Call Options Demand Peaks Post-U.S. Elections

The 30-day volatility skew for bitcoin options on the CME rose to 4.4%—the highest since Donald Trump’s victory in the U.S. presidential election on November 5. This data was provided by CF Benchmarks, as reported by CoinDesk. This metric indicates the degree of bullish sentiment dominance. It is calculated as the difference in implied volatility […]

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ForkLog 47 22.01.2025

Deribit’s Annual Turnover Surges to $1.2 Trillion

The trading volume of Deribit, the largest cryptocurrency options platform, soared from $608 billion to $1.19 trillion in 2024, marking a 95% year-on-year increase and surpassing the peaks of three years ago. Source: Deribit. Of the total, $743 billion (+99% year-on-year) was attributed to options, with the remainder coming from futures and perpetual contracts ($434 […]

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ForkLog 28 21.01.2025

Trump Tokens Plummet Following US Presidential Inauguration

On January 21, the prices of Official Trump (TRUMP) and Melania Meme (MELANIA) tokens fell from their peak by 29.8% and 53.8%, respectively. The sharp profit-taking was triggered by the absence of any mention of cryptocurrencies during Donald Trump’s inauguration speech. TRUMP/USDT dynamics. Data: CoinGecko. MELANIA/USDT dynamics. Data: CoinGecko. In his post-inauguration speech, Donald Trump […]

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ForkLog 8 21.01.2025

Surge in Bitcoin Purchase Inquiries Reported by The Block

From January 6 to 12, there were 247,000 mentions of “bitcoin” on X, rising to 495,000 the following week. These figures were reported by The Block. For Ethereum, the numbers were 73,600 and 293,000, respectively. On Google Trends, the number of searches for “how to buy crypto” reached an ATH. Data: Google Trends. The Coinbase […]

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