Market Analysis | ForkLog

ForkLog 7 10.12.2024

Expert Predicts Sustained Bitcoin Buying on Dips

Amid ongoing volatility, the strategy of buying on dips will remain relevant “far longer than everyone expects,” according to Daniel Cheung, co-founder of Syncracy Capital. Market participant psychology has drastically shifted in crypto this cycle. In prior cycles, participants largely engaged in a HODL and buy the dip mentality. This cycle, participants are mostly in […]

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ForkLog 91 10.12.2024

Tether Reveals USDT Holder Statistics

As of the start of the fourth quarter of 2024, there were 109 million USDT holders, more than double the number of Bitcoin holders and close to Ethereum’s 128 million. These figures were reported by Tether. The company noted that these numbers make USDT one of the most widespread digital assets. For their analysis, specialists […]

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ForkLog 20 10.12.2024

Stablecoin Market Capitalization Surpasses $200 Billion

The combined market capitalization of stablecoins has reached $204 billion, marking a 3% increase over the past seven days. Coinbase attributed this trend to a sharp rise in on-chain lending rates. USDT ($138.45 billion) accounts for 67.8% of the total token supply. The share of USDC is 19.9% ($40.69 billion). Data: CoinGecko. “[The increase in […]

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ForkLog 10 10.12.2024

Cryptocurrency Market Sees $1.75 Billion in Liquidations

Between December 9 and 10, the cryptocurrency market experienced $1.75 billion in forced position closures, including $1.57 billion in longs, according to Coinglass. Data: Coinglass. The procedure affected 582,003 traders. Liquidations were concentrated in altcoins — of the $1.75 billion, only $189.2 billion was attributed to Bitcoin. The current figures surpassed the scale of events […]

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ForkLog 13 09.12.2024

CryptoQuant Warns of Potential Bitcoin Rally Halt

The surge of Bitcoin towards $100,000 has triggered sales by hodlers, potentially steering the trajectory into bearish territory as retail investor demand wanes, according to CryptoQuant. ?Long-Term Holders sold 827,783 BTC in 30 days. This is one of the bearish on-chain signals behind this BOLT statement. A thread on more key signals behind this claim?? […]

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ForkLog 9 09.12.2024

Crypto Funds Inflow Reaches Record $3.85 Billion

Between December 1 and 7, cryptocurrency investment funds received $3.85 billion, marking a historic peak. This positive trend has continued for the ninth consecutive week, according to CoinShares. Data: Coinshares. The previous week, the figure stood at $270 million. The inflow since the beginning of the year has reached a record $41.1 billion. The volume […]

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ForkLog 9 08.12.2024

Venture Capitalist Declares End of Altcoin Season

Felix Hartmann, managing partner of investment firm Hartmann Capital, is convinced that the altcoin season has “already run its course.” He warned traders of a sharp correction. Considering alt season tapped out for now. Most alts now have funding rates north of 100% annualized. Last moves purely perp driven, spot volumes declining. Leg down will […]

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ForkLog 6 06.12.2024

Analyst Warns of Potential ‘Bloodbath’ for XRP Amid Bitcoin’s Dominance

Traders’ hopes for XRP to return to its ATH may be in vain if Bitcoin’s dominance continues to rise, according to leading Swyftx analyst Pav Hundal, as reported by Cointelegraph. “The real danger for highly leveraged bulls lies in the relative strengthening of Bitcoin. Capital rotation into digital gold could trigger a ‘bloodbath’ of liquidations,” […]

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ForkLog 19 06.12.2024

Bitcoin Dips Below $100,000 Amidst Extreme Volatility

Between December 5 and 6, Bitcoin’s decline exceeded 13% at its lowest points, with the price plummeting from an ATH above $104,000 to $90,500, before rebounding to $98,000. Hourly BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the daily rate of decline had reduced to 3.8%. Rachel Lucas from BTC Markets explained […]

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ForkLog 39 05.12.2024

YouTube Views of Crypto Influencers Reach Annual Peak

In the week starting November 25, views of cryptocurrency influencer content on YouTube reached 4.72 million, marking the highest level in the past 12 months, according to The Block. Data: YouTube. The ATH for this metric stands at 9.3 million, indicating potential for increased engagement from retail investors in the digital asset market. Leading the […]

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ForkLog 5 05.12.2024

Bitcoin Spot ETFs Attract Over $2 Billion in Five Days

On December 4, inflows into spot Bitcoin ETFs amounted to $556.82 million. Over the past five days, investors have directed $2.01 billion into these products. Data: SoSoValue. Of the total amount, $571.7 million was attributed to BlackRock’s IBIT. Previously, the number of coins on the entity’s balance exceeded 500,000 BTC. The cumulative inflow since the […]

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ForkLog 28 05.12.2024

Experts Weigh in on the Slowdown of the Meme Coin Bull Run

The trajectory of meme coins is closely tied to the overall state of the global market, reflecting macroeconomic trends with significantly higher volatility. This perspective was shared with Cointelegraph by Murad Mahmudov, a former Bitcoin maximalist and expert in the “funny money” niche. According to him, “meme” crypto projects cannot be assessed using traditional fundamental […]

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