Market Analysis | ForkLog

ForkLog 8 26.07.2024

Bitwise Promotes Ethereum ETF on New York Stock Exchange Facade

Bitwise advertised ETH-ETF on the NYSE facade. Ethereum will continue to face pressure in the coming weeks due to active withdrawals from Grayscale’s ETHE. Bitwise Asset Management displayed a banner on the facade of the NYSE to promote its newly launched spot Ethereum-ETF under the ticker ETHW. Bitwise Ethereum ETF banner going up outside the […]

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ForkLog 1 26.07.2024

Ethereum ETF Experiences $152 Million Outflow

On July 25, the net outflow from spot Ethereum ETFs amounted to $152.3 million, according to SoSoValue. Inflows into “new” Ethereum-based exchange-traded products were insufficient to offset the $346.2 million withdrawn by clients from Grayscale’s ETHE. Trading volume fell from $1.05 billion to $955.9 million. Inflows into CETH from 21 Shares and EZET from Franklin […]

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ForkLog 9 25.07.2024

10x Research Identifies Emerging Issues Following Ethereum Sell-off

The sharp decline in Ethereum following the launch of spot ETFs signals emerging issues, according to 10x Research. #Ethereum Crashing -> what’s going on? https://t.co/ciaqYVYuZh pic.twitter.com/czrg8YRwW6 — 10x Research (@10x_Research) July 25, 2024 According to analysts, the sell-off largely mirrors the familiar pattern observed during the launch of exchange-traded funds based on digital gold. Experts […]

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ForkLog 8 25.07.2024

Ethereum Falls Below $3200 Amid ETF Outflows

Outflows from Grayscale’s Ethereum Trust exceeded inflows into ETH-ETF. Investors shifted focus from the debut of spot Ethereum-ETFs to Mt.Gox coin movements and macroeconomics. On July 24, Ethereum’s daily decline reached 7.9%, while Bitcoin’s was 2.7%, according to CoinGecko. According to SoSoValue, the net outflow from spot Ethereum-ETFs amounted to $133.2 million. At the time […]

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ForkLog 6 24.07.2024

QCP Capital: Bitcoin Options Traders Hedge Against Price Decline

The bitcoin options market does not rule out a resumption of downward trends, according to assessments by QCP Capital. In the past 24 hours, the difference in implied volatility (IV) between calls and puts has decreased by three points, specialists noted. Analysts highlighted information about Mt.Gox clients receiving bitcoins through Kraken, as well as data […]

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ForkLog 9 24.07.2024

Analyst Detects Bitcoin Buy Signal

The Hash Ribbons indicator has signaled a buy for the leading cryptocurrency. Each occurrence of this signal is followed by an “explosive price rally,” noted the analyst known as Mikybull. #Bitcoin just witnessed a rare hash ribbon ‘Buy’ signal Whenever this happens, an explosive rally follows. pic.twitter.com/ZsR07PTD7T — Mikybull ?Crypto (@MikybullCrypto) July 24, 2024 The […]

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ForkLog 10 23.07.2024

Market Reaction to ETH-ETF Launch Deemed ‘Muted’ by Analysts

The approval of spot Ethereum-ETFs has had a “muted” impact on the market, as investors anticipated a “buy the rumor, sell the news” scenario, according to analysts at QCP Capital. Experts noted that after the launch of similar Bitcoin-based products, its price fell from $46,000 to $38,000, but reached record highs two months later. QCP […]

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ForkLog 16 23.07.2024

Ethereum ETF Trading Commences Amid Moderate Pressure on Price

On July 23, trading of spot Ethereum ETFs began. Within 20 minutes, the price of the second-largest cryptocurrency fell by 1.7% on increased volumes, nearing intraday lows. 15-minute ETH/USDT chart on Binance. Data: TradingView. In the last 24 hours, Ethereum has decreased by 1.1%, outperforming other top-10 digital assets by market capitalization, excluding stablecoins. Data: […]

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ForkLog 8 23.07.2024

Ethereum Options Market Shows Low Reversal Odds Post-ETF Launch

Ethereum options on the Deribit platform anticipate a positive response in the spot price following the commencement of trading in exchange-traded funds based on the second-largest cryptocurrency by market capitalization, reports CoinDesk. The day before, the SEC registered S-1 applications for spot Ethereum ETFs. Access to these products will be available from July 23. According […]

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ForkLog 6 23.07.2024

BlackRock’s Bitcoin ETF Inflows Reach $534 Million in a Day

On July 22, inflows into spot Bitcoin ETFs amounted to $533.57 million. Such high levels were last observed on June 4, according to SoSoValue. This positive trend continued for the thirteenth consecutive trading day. Inflows into BlackRock’s IBIT reached $527.7 million, the highest since March 13. Investors added $23.72 million to Fidelity’s FBTC, $13.65 million […]

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ForkLog 7 22.07.2024

Crypto Investment Inflows Surpass $3 Billion Since July

Inflows into cryptocurrency investment products from July 13 to 19 amounted to $1.35 billion, compared to $1.44 billion the previous week. Since the beginning of July, the figure has reached $3.24 billion, according to CoinShares. Data: CoinShares. Trading volume for ETP surged by 45% to $12.9 billion. Clients added $1.27 billion to bitcoin-related products, compared […]

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ForkLog 9 21.07.2024

Analyst Reports ‘Exhaustion’ Among Major Bitcoin Sellers

The market is witnessing a decline in selling pressure from major investors as the price of the leading cryptocurrency stabilizes around $67,000, according to Julio Moreno, Head of Research at CryptoQuant. #Bitcoin large Sellers are exhausted and valuation metrics suggest positive momentum. We published our weekly report on Wednesday, see link in the below post […]

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