Market Analysis | ForkLog

ForkLog 5 28.10.2024

US Presidential Election Boosts Inflows to Crypto Funds

Inflows into cryptocurrency investment funds from October 20 to 26 amounted to $901 million, following a peak of $2.2 billion the previous week, the highest since July. These figures were reported by CoinShares. Data: CoinShares. Since the beginning of the year, total inflows into these products have exceeded $27 billion, nearly three times the record […]

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ForkLog 8 28.10.2024

Bitcoin ETF Holdings Near 1 Million Coins

Issuers of spot Bitcoin ETFs have acquired 976,873 BTC ($66.2 billion), equivalent to nearly 5% of the available supply. This was highlighted by Nate Geraci, president of The ETF Store. Spot bitcoin ETFs now about 23,000 away from holding 1,000,000 btc… Or almost 5% of btc final total supply. via @apollosats pic.twitter.com/QnrOPr6vPX — Nate Geraci […]

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ForkLog 9 22.10.2024

QCP Capital Predicts Ethereum Surge to $3000

During the week of October 14-20, Ethereum rose by 11%, outpacing Bitcoin’s 9.6% increase, though it lags behind in the Uptober context with 4% compared to 8%. QCP Capital noted a strong likelihood of Ethereum breaking through the $2800 resistance and reaching $3000. 4/ Read the full analysis here: https://t.co/gNhw4giQWX — QCP (@QCPgroup) October 22, […]

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ForkLog 8 22.10.2024

Bitcoin Options Traders Bet on Post-Election Surge to $80,000

Bitcoin options market participants have positioned for a bullish scenario following the U.S. presidential election and the Federal Reserve’s FOMC meeting, increasing OI in November calls with strike prices above $80,000, according to The Block. The first event is scheduled for November 5, followed by the second three days later. The probability of the Federal […]

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ForkLog 8 21.10.2024

Crypto Funds’ Assets Under Management Surge to $100 Billion Amid Trump Victory Speculation

Inflows into cryptocurrency investment funds from October 13 to 19 reached a peak of $2.2 billion, the highest since July, compared to $407 million the previous week. These figures were reported by CoinShares. Data: CoinShares. Analysts attributed the strengthening positive trend to increased expectations of a Republican victory in the upcoming US elections, along with […]

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ForkLog 7 21.10.2024

Bitcoin Futures Open Interest Reaches Record $40.6 Billion

On October 21, the total open interest (OI) in bitcoin futures reached a record $40.6 billion, surpassing the March figures at the ATH. This is according to data from Coinglass. Data: Coinglass. In terms of coins, the figure amounted to 592,000 BTC, the highest since December 2022. At that time, the leading cryptocurrency was valued […]

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ForkLog 26 21.10.2024

Institutional Demand Drives Inflows to Bitcoin ETFs, Expert Explains

On October 18, inflows into spot Bitcoin ETFs reached $273.7 million, with a total of $2.38 billion over the past six days. Data: SoSoValue. Cumulative inflows into these products since trading began in January have approached $21 billion. Nate Geraci, president of ETF Store, commented on the data. Monster day for spot btc ETFs… $550mil […]

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ForkLog 69 21.10.2024

Bitcoin Tests $69,000 Milestone

On the night of October 20-21, the price of the leading cryptocurrency surpassed the $69,000 mark, registering a 1.2% increase over 24 hours. 15-minute BTC/USDT chart on Binance. Data: TradingView. At its peak, digital gold reached $69,500. Bitcoin’s momentum pushed other top-10 market cap assets into the “green zone.” Ethereum rose to $2700, marking a […]

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ForkLog 9 17.10.2024

QCP Capital Observes Bitcoin Call Options with $120,000 Strike Price

On the evening of October 16, there was a noticeable demand for March bitcoin call options with a strike price of $120,000. These purchases were accompanied by a rise in quotes above $68,000, noted QCP Capital. Analysts saw this as a signal of the return of optimistic long-term buyers. Experts noted the continued uncertainty surrounding […]

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ForkLog 7 16.10.2024

Coinbase Observes Cryptocurrency Market Reaching ‘Maturity’

In 2024, the digital asset market has reached ‘significant maturity’ due to increased trading volumes and on-chain activity, alongside billions of dollars flowing into crypto ETFs. This is highlighted in a report by Coinbase and Glassnode. Experts noted the accelerated popularization of stablecoins and Layer 2 solutions for the second-largest cryptocurrency by market capitalization. In […]

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ForkLog 25 16.10.2024

Glassnode Highlights Bitcoin’s Volatility Risks

Following Bitcoin’s ATH, a divergence between demand and “active supply” has intensified, historically signalling a period of heightened volatility, according to Glassnode. A notable divergence between supply and demand is emerging, with the #Bitcoin market being range-bound for over seven months. With low volumes across on-chain and futures markets and a HODLer-dominated environment, the scene […]

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ForkLog 8 15.10.2024

Indicators Point to Rising Bullish Sentiment Among Bitcoin Investors

The funding rate for perpetual bitcoin contracts has reached a multi-month high, indicating bullish sentiment in the short to medium term, according to The Block. The metric, weighted by open interest, has reached 0.012%. The last time such a high level was observed was on July 27, when the price of the leading cryptocurrency rose […]

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