Market Analysis | ForkLog

ForkLog 10 13.06.2024

Crypto Airdrops Distribute Over $4 Billion in Tokens This Year

Since the beginning of the year, participants in the crypto industry have received approximately $4 billion in various tokens through airdrops, according to an assessment by The Block. The top three airdrops were Jupiter, StarkNet, and Notcoin. Each project distributed around $1 billion based on the number of tokens issued and average prices in the […]

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ForkLog 16 12.06.2024

Arbitrage Strategies Curb Bitcoin Growth Amid ETF Inflows

Despite significant inflows into BTC-ETFs, arbitrage strategies between spot and derivative markets are restraining buyer pressure, according to Glassnode. To substantiate and assess ETF demand, analysts compared the balance of product issuers (862,000 BTC) with other major exchange structures: Mt.Gox trustee = 141,000 BTC; US government = 207,000 BTC; all exchanges = 2.3 million BTC; […]

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ForkLog 17 11.06.2024

Bitcoin’s Correlation with Stock Market Strengthens Amid Macro Data Anticipation

The performance of the leading cryptocurrency has become more closely aligned with the stock market as traders maintain a cautious stance ahead of the release of the US Consumer Price Index (CPI) and the Federal Reserve’s Fed rate decision. According to the CME FedWatch Tool, 99.4% believe the agency will not change the key rate […]

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ForkLog 10 11.06.2024

Record Inflows into Spot Bitcoin ETFs Come to an End

On June 10, investors withdrew $64.9 million from spot Bitcoin exchange-traded funds (ETFs), halting a positive trend that had persisted for 19 days, according to SoSoValue. In total, the longest wave of inflows into BTC-ETFs amounted to approximately $4 billion, with $15.62 billion since the approval of these instruments in January. Data: SoSoValue. Clients of […]

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ForkLog 10 10.06.2024

Investors Inject $2 Billion into Bitcoin Products

From June 1 to June 7, cryptocurrency investment products saw an inflow of $2.04 billion, with Bitcoin-based products accounting for $1.973 billion, according to calculations by CoinShares. In both cases, the weekly figures matched the totals for the entire previous month. Data: CoinShares. Analysts attributed the accelerated pace to expectations of a monetary policy easing […]

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ForkLog 9 10.06.2024

Weekly Inflows into Spot Bitcoin ETFs Surpass $1.8 Billion

During the trading week from June 3 to June 7, U.S. spot Bitcoin ETFs acquired 25,729 BTC (approximately $1.8 billion at the average rate), while only 3,150 BTC were mined in the same period. This data comes from HODL15Capital. U.S. Bitcoin ETFs bought 2 month’s supply this week ? pic.twitter.com/eNwBmShWpX — HODL15Capital ?? (@HODL15Capital) June […]

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ForkLog 11 05.06.2024

K33 Research Predicts Up to $4.8 Billion Inflows into ETH ETFs Within Five Months

In the initial five months following the commencement of trading, net inflows into spot Ethereum-based ETFs are projected to range from $3.1 billion to $4.8 billion, according to calculations by K33 Research. Markets remain rangebound with low volatility, but moderate ETH ETF excitement is reflected in trader positioning. A relatively quiet week, but we expect […]

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ForkLog 8 04.06.2024

Hash Ribbons Indicator Signals Bitcoin Buying Opportunity

The Hash Ribbons indicator is issuing an “optimal signal” for purchasing digital gold in the coming weeks, suggesting a renewal of the asset’s rally, according to Charles Edwards, founder of Capriole Investments. Hash Ribbons is back. Perhaps the best long-term Bitcoin buy signal there is, Hash Ribbons is now tempting us with a new Miner […]

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ForkLog 6 04.06.2024

Bitcoin Spot ETFs See Inflows for 15 Consecutive Days

On June 3, inflows into 11 approved spot Bitcoin ETFs amounted to $105.1 million. This positive trend has continued for 15 consecutive days, according to SoSoValue. During this period, the segment attracted $2.28 billion. Since the registration of these products, the total has reached $13.96 billion. Data: Farside. A longer trend of 17 trading days […]

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ForkLog 7 04.06.2024

Analyst Predicts Reduced Volatility for Bitcoin and Ethereum

The current implied volatility values for Bitcoin and Ethereum options suggest a calm outlook for the cryptocurrency market in the coming weeks, according to Deribit’s Chief Commercial Officer Luuk Strijers, as reported by The Block. This metric for the leading cryptocurrency has significantly decreased since mid-May. Source: The Block. Analysts at QCP Capital also noted […]

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ForkLog 4 03.06.2024

Cryptocurrency Inflows Reach $2 Billion in May

Inflows into cryptocurrency investment products amounted to $185 million from May 25 to 31, with a total of nearly $2 billion for the entire month, according to calculations by CoinShares. This positive trend has continued for the fourth consecutive week. Year-to-date inflows have exceeded $15 billion. Data: CoinShares. Trading volumes for ETP fell from $13 […]

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ForkLog 153 03.06.2024

FDV explained: what it is and how it moves crypto prices

We explain FDV: why it matters to investors and how it affects crypto-asset prices.

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