Market Analysis | ForkLog

ForkLog 54 12.09.2024

Uniswap’s Market Share Dwindles Amidst DEX Competition

Uniswap’s share in the DEX market has declined from over 50% in October 2023 to the current 36%. Analysts at The Block attribute this trend to increasing competition and innovation in the sector. Uniswap has ceded some of its market position to Aerodrome, whose share has surged to 7%. Other beneficiaries include Orca, which has […]

AI translated

ForkLog 11 11.09.2024

Glassnode Warns of Potential Bitcoin Sales by Miners Amid Correction Risks

Bitcoin miners remain confident in the prospects of digital gold due to the rising hash rate, yet they may increase sales if further corrections occur. This is possible due to a general reduction in risk appetite, according to Glassnode. The competitiveness of the Mining landscape and their conviction in the #Bitcoin Network continues to rise, […]

AI translated

ForkLog 9 10.09.2024

Bitcoin ETFs Break Eight-Day Outflow Streak

The negative streak of outflows from spot Bitcoin ETFs ended on the ninth day. The number of institutional holders of exchange-traded funds based on the first cryptocurrency exceeded 1,000. Bloomberg predicted an increase in the share of large investors. On September 9, inflows into spot Bitcoin ETFs amounted to $28.7 million, according to SoSoValue. Over […]

AI translated

ForkLog 8 10.09.2024

Analysts Observe Influx of USDT to Bitcoin Exchanges

Since August, the volume of USDT on cryptocurrency exchanges has been rapidly increasing. Given that from March to July, the dynamics showed no significant fluctuations amid turbulence, this is a notable change, according to CryptoQuant. “The growth of stablecoin balances on CEX is perceived as an increase in long potential, which will positively affect the […]

AI translated

ForkLog 16 10.09.2024

Bitcoin Volatility Poised for Growth Amid CPI Data and Debates

Implied volatilities of bitcoin options remain elevated. Traders anticipate significant price swings in light of the Trump-Harris debates and consumer inflation (CPI) data, according to QCP Capital. The events are scheduled for September 11 at 4:00 and 15:30 (Kyiv/Moscow). Experts noted that until October, options market participants tend to take predominantly bearish positions. Optimists are […]

AI translated

ForkLog 7 09.09.2024

Crypto Fund Outflows Reach Second Highest Level This Year

From September 1 to 7, withdrawals from cryptocurrency investment funds totaled $726 million, up from $305 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the continued negative trend to macroeconomic data in the United States, which increased the likelihood of a 25 basis point rate cut by the Fed. By the end […]

AI translated

ForkLog 11 09.09.2024

Bitcoin ETFs Witness $1.2 Billion Outflow Over Eight Days

From August 28 to September 6, spot Bitcoin ETFs experienced an outflow of $1.2 billion, according to Bloomberg. Source: Bloomberg. The agency noted that this marks the longest streak of daily fund withdrawals from exchange-traded funds since their listing in January. The catalyst was a wave of flight from risky assets amid an uncertain macroeconomic […]

AI translated

ForkLog 9 09.09.2024

Analyst Predicts Final Corrections Before Bitcoin Bull Run

Bitcoin is poised for “final corrections” before the onset of a two-year bullish cycle, reminiscent of 2019, according to experts. The CPI report will be crucial for the market’s trajectory. During the current rebound, Bitcoin is expected to reach $55,500 before returning to $53,000, which will serve as a launchpad for upward movement, stated analyst […]

AI translated

ForkLog 11 06.09.2024

Bitcoin Price Drops to $54,000

On September 6, around 13:00 (Kyiv/Moscow time), the price of the leading cryptocurrency began to decline, plummeting from $56,000 to $54,000—a drop of 3.5%. 15-minute BTC/USDT chart from Binance. Data: TradingView. Bitcoin’s decline dragged other top-10 digital assets by market capitalization into the “red zone.” Ethereum fell to $2270, a 4% decrease over the day. […]

AI translated

ForkLog 33 06.09.2024

Rare CryptoPunk Sells for $1.5 Million with a 78% ‘Paper’ Loss

On September 5, CryptoPunk #6915 changed hands for 620 ETH ($1.48 million). This NFT is one of 24 ape-themed CryptoPunks featuring three attributes: a hat, an earring, and an eye patch. According to CryptoPunks data, in March 2024, when the monthly NFT sales volume was around $1.6 billion, offers for #6915 ranged from $5 million […]

AI translated

ForkLog 14 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 […]

AI translated

ForkLog 11 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.

AI translated

#Market Analysis