Market Analysis | ForkLog

ForkLog 24 31.12.2024

MicroStrategy Shares Plunge 44% from All-Time High

On December 30, MicroStrategy’s stock closed at $302.96, marking a 44% decline from its all-time high of $543. Daily chart of MicroStrategy shares. Data: Finviz. Since the beginning of the year, the company’s shares have surged by 379.7%, including a 79.7% rise in the last quarter. This coincided with an aggressive Bitcoin accumulation strategy during […]

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ForkLog 42 31.12.2024

Bitcoin Inflows to Exchanges Plummet to 2016 Levels

In the weeks leading up to the end of 2024, the daily number of BTC deposits on exchanges fell to 30,000. According to CryptoQuant analyst Alex Adler Jr., this may indicate an imminent rally for the leading cryptocurrency. Chart of the number of addresses depositing BTC to exchanges. Data: CryptoQuant. Current figures are three times […]

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ForkLog 27 30.12.2024

DEX Trading Volume Hits Record $463 Billion in December

In December, the total trading volume on decentralized exchanges reached a record high of $463 billion. Monthly DEX capitalization chart. Data: DeFi Llama. Uniswap led the platforms with $106.4 billion. Pancake Swap followed with $96.4 billion, and Raydium came third with $58 billion. Top 10 DEX by trading volume. Data: DeFi Llama. According to The […]

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ForkLog 19 30.12.2024

Bitcoin Faces Further Correction Before Reaching New Highs, Experts Warn

In the early hours of December 30, Bitcoin neared the lower boundary of its recent trading range ($92,500-$99,500) over the past ten days. Experts suggest the correction may continue before recovering to record levels, reports Cointelegraph. At the time of writing, Bitcoin is trading at $93,650, showing a 1.5% decline over the past 24 hours. […]

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ForkLog 23 30.12.2024

Market Optimism Surrounds Ethereum as Metrics Indicate Growth

Throughout 2024, the number of long-term Ethereum holders increased, while the metric for Bitcoin steadily declined, as noted by IntoTheBlock. This chart shows the percentage of long-term Bitcoin and Ether holders over the past year. While the share of long-term Bitcoin decreased, the percentage of long-term ETH holders climbed, surpassing that of Bitcoin early in […]

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ForkLog 11 29.12.2024

Trader Identifies Condition for Altcoin ‘Euphoria’ Phase

The total market capitalization of altcoins must rise above $1.1 trillion for the ‘euphoria’ stage to commence; until then, the market will remain ‘unstable,’ according to trader DaanCrypto. All you need for $ALTS: Currently, the altcoin total market cap is consolidating beneath its all time high, after shortly breaking it and rejecting. As long as […]

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ForkLog 7 28.12.2024

Analyst Predicts Bitcoin Selling Pressure and Increased Volatility

A CryptoQuant contributor known as IT Tech highlighted a rise in bitcoin reserves on centralized exchanges—approximately 20,000 BTC in recent days.

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ForkLog 23 26.12.2024

Bitcoin Options Worth $14.5 Billion to Expire on December 27

On Friday, December 27, the Deribit platform will see the expiration of bitcoin options with a notional volume of $14.5 billion at 4:00 (Kyiv)/5:00 (MSK). Tomorrow 8 AM UTC, 149K $BTC are set to expire on Deribit with a notional value of $14.5 billion. Max pain price $85,000, put/call ratio: 0.69 pic.twitter.com/46zeI02Fj2 — unfolded. (@cryptounfolded) […]

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ForkLog 25 26.12.2024

Crypto Stock Winners and Losers of 2024

The year 2024 brought significant developments for the crypto industry: another halving, the launch of several cryptocurrency ETFs, and excitement over the change of power in the United States spurred market growth. Throughout 2024, the price of Bitcoin rose by 125%, while the S&P 500 index increased by 25%. Chart of the total cryptocurrency market […]

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ForkLog 21 26.12.2024

OTC Platforms Report Surging Trading Volumes Amid US Elections and Bitcoin Records

The results of the US elections and new Bitcoin records have led to a surge in turnover on OTC platforms. This was reported by Tim Ogilvie, head of Kraken’s institutional department, to The Block. According to the top manager, the relevant indicator of the cryptocurrency exchange has increased by 220% compared to last year. Other […]

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ForkLog 7 25.12.2024

Speculators Show Interest Amid Bitcoin’s Decline

As the market reacted negatively to the outcomes of the Fed meeting on December 18, the proportion of bitcoin holders who conducted their last transactions within a three-month horizon increased. These figures were reported by CryptoQuant. The kids are in bed and I’m grateful that we’ve got a bunch of presents under the tree for […]

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ForkLog 25 25.12.2024

Kaiko Highlights 2024 in Ten ‘Best Charts’

Kaiko described 2024 as a landmark year for cryptocurrency markets, summarizing it through ten charts. Bitcoin’s Path to $100,000 The market strengthened following the launch of BTC-ETF, with the fourth halving proceeding without surprises. Waves of billion-dollar liquidations did not overshadow the success of digital gold. The price increase since the beginning of the year […]

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