Market Analysis | ForkLog

ForkLog 13 06.09.2024

Ethereum Market Depth Declines 20% Following Spot ETF Launch

Since the launch of spot Ethereum ETFs in the US, the average 5% market depth for ETH pairs on domestic centralized exchanges has decreased by 20%, to approximately $14 million, according to CoinDesk, citing CCData. In other words, it has become easier to move the spot price by 5% in either direction, indicating reduced liquidity […]

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ForkLog 9 05.09.2024

New Investors Pose Risk to Bitcoin, Says Glassnode

The average new market participant is experiencing unrealized losses, which could increase selling pressure if the price of digital gold continues to correct, according to a report by Glassnode.

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ForkLog 11 03.09.2024

Arthur Hayes Attributes Bitcoin’s Decline to Liquidity Shortage

The spread between reverse repo operations o/n and the yield on four-week US Treasury bills at ~0.9% limits the liquidity available for purchasing risk assets like Bitcoin, according to former BitMEX CEO Arthur Hayes. My theory on why Fed rate cuts aren’t going to plan. Since JAYPOW annc Sept rate cut at J-Hole, $BTC down […]

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ForkLog 12 02.09.2024

QCP Capital Predicts Continued Market Correction in September

Analysts at QCP Capital have highlighted Ethereum’s significant underperformance compared to Bitcoin in August and warned that the market downturn may persist into September. This was reported by The Block. “Bitcoin ended August with an 8.6% decline. We began the month with the ‘Bank of Japan crash,’ and digital gold failed to rise above $65,000. […]

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ForkLog 8 02.09.2024

Robust Economic Data Triggers Outflow from Crypto Funds

From August 25 to 31, cryptocurrency investment funds experienced an outflow of $305 million, following an inflow of $543 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the reversal in dynamics to macroeconomic data from the US, which reduced the likelihood of a 50 basis point rate cut by the Fed. Experts […]

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ForkLog 14 30.08.2024

Bitcoin Retreats to $59,000 Amid ETF Inflow Weakness

Negative trends in BTC-ETF persisted for the third consecutive day. The total exchange balance of bitcoins fell to a new low for the year. Traders remain cautious ahead of U.S. labor market data on September 6. On August 29, net outflows from spot bitcoin ETFs amounted to $71.7 million, according to SoSoValue. This was one […]

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ForkLog 18 30.08.2024

Kaiko Assesses Mt.Gox’s Impact on Cryptocurrency Liquidity

The additional selling pressure from the distribution of the remaining 47,170 BTC ($2.7 billion) held by the Mt.Gox trustee is unlikely to cause liquidity issues for digital assets, according to Kaiko. Analysts noted that waves of liquidations and the sale of coins by clients of bankrupt cryptocurrency companies have accompanied investors at various stages from […]

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ForkLog 36 28.08.2024

Bitcoin ETF Inflows Halt on Ninth Day

On August 27, outflows from spot Bitcoin ETFs amounted to $127.1 million, according to SoSoValue. In the preceding eight days, these products had seen inflows of $756 million. Data: SoSoValue. Investors withdrew $102 million from ARKB by ARK Invest & 21 Shares, $18.3 million from GBTC by Grayscale, and $6.8 million from BITB by Bitwise. […]

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ForkLog 7 28.08.2024

Glassnode Warns of Imminent Bitcoin Volatility Surge

The recent calm in the Bitcoin market is unlikely to last, with a period of heightened volatility expected, according to Glassnode. Market speculation remains relatively subdued for #Bitcoin, with investors locking in only marginal profit and losses, and a reset across perpetual swap markets. Historically, periods of quiet and calm market structure are short-lived, and […]

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ForkLog 14 27.08.2024

Bitcoin ETF Inflows Continue for Eighth Consecutive Day

On August 26, inflows into spot Bitcoin ETFs reached $202.5 million, according to SoSoValue. The total for the past eight days amounted to $756 million. Data: SoSoValue. Clients added $224.1 million to BlackRock’s IBIT, $5.5 million to Franklin Templeton’s EZBC, and $5.1 million to WisdomTree’s BTCW. There was an outflow of $16.6 million from Bitwise’s […]

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ForkLog 7 26.08.2024

Weekly Inflows into Bitcoin ETFs Surpass $500 Million

Inflows into spot Bitcoin ETFs from August 19 to 23 amounted to $506.4 million, according to SoSoValue. This positive trend continued for the second consecutive week. Data: SoSoValue. On August 23, clients withdrew $35.6 million from Grayscale’s GBTC. The structure of inflows was as follows: IBIT from BlackRock — $86.8 million; FBTC from Fidelity — […]

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ForkLog 8 26.08.2024

Fed Rate Cut Signals Boost Crypto Inflows to $543 Million

Inflows into cryptocurrency investment funds reached $543 million from August 18 to 24, up from $30 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the strengthening positive trend to Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium, during which he confirmed the possibility of a key rate cut in […]

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