Market Analysis | ForkLog

ForkLog 10 14.05.2024

Ethereum Options Market Sees Increased Bets on Price Surpassing $3600

The distribution of Ethereum options expiring in June indicates a rise in bets on the asset moving above $3600, according to data from Deribit. Data: The Block. The volume of open call options at the specified strike price has increased to $161.4 million, second only to the $6500 strike ($193.9 million). Overall, open interest for […]

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ForkLog 7 13.05.2024

Renewed Interest in Crypto Funds After Four Weeks of Outflows

Inflows into cryptocurrency investment products amounted to $130 million from May 4 to May 10, according to calculations by CoinShares. Data: CoinShares. Trading volumes for ETP fell from an April average of $17 billion to $8 billion. The share of crypto products in the total turnover of digital assets on reputable platforms dropped from 31% […]

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ForkLog 9 13.05.2024

Bitcoin’s Sideways Movement Predicted for May with Growth Expected Later

The current lull in Bitcoin’s activity may persist until early summer, but a return to growth is anticipated in the third and fourth quarters, according to Bitfinex, as reported by CoinDesk. “We expect the market to remain uncertain in the short term with low volatility until the actual winding down of QT in June,” the […]

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ForkLog 17 12.05.2024

Analysts Point to Signs of an Approaching Altcoin Season

The altcoin market is currently in a “disbelief stage,” which, if past cycles are any indication, will soon transition into an “explosive rally,” according to a trader known as Mikybull. #Altcoins market cap is currently at the disbelief stage, historically followed by an explosive rally. Historically, the marked-up consolidation has made huge gains (2016 &2020). […]

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ForkLog 24 09.05.2024

Cryptocurrency Exchange Volumes Decline for the First Time in Seven Months

The combined volume of spot and derivatives cryptocurrency markets fell by 43.8% in April to $6.58 trillion, following a record high in March of $9.12 trillion, according to data from CCData. This positive trend was interrupted after six months. Data: CCData. Experts attributed the trend reversal to escalating geopolitical tensions and a slowdown in inflows […]

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ForkLog 9 08.05.2024

10x Research Highlights Token Unlock Concerns and Ethereum’s Weakness

Large token unlocks could negatively impact the altcoin market, according to 10x Research. Analysts noted Ethereum’s inability to surpass the leading cryptocurrency. The current bullish cycle in the cryptocurrency market may be shorter than previous ones and is unlikely to end with a major altcoin rally, according to analysts at 10x Research. Beware of Token […]

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ForkLog 154 08.05.2024

How to apply Benner cycles to trading cryptocurrencies

Why one 19th-century American farmer’s theory still works.

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ForkLog 11 07.05.2024

Bitcoin Options Traders Bet on Surge to $100,000

The ratio of bitcoin options positions suggests a rise in the price of digital gold. Macroeconomic factors support an upward trend. Traders’ expectations for Ethereum options have become less optimistic. The ratio of call and put options on bitcoin indicates traders expect a spot price of $70,000-$100,000 by the end of 2024, according to CoinDesk […]

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ForkLog 10 07.05.2024

Hong Kong ETF Launch Eases Outflow from US Crypto Funds

From April 27 to May 3, outflows from cryptocurrency investment products amounted to $251 million. This negative trend continued for the fourth consecutive week, according to CoinShares. Data: CoinShares. The negative result could have been even higher if not for the inflows into exchange-traded products launched on April 30 in Hong Kong ($307 million). Analysts […]

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ForkLog 10 07.05.2024

SEC Delays Decision on Invesco and Galaxy’s Spot Ethereum ETF

The SEC has postponed its decision on the ETH-ETF from Invesco and Galaxy to July 5. Inflows into U.S. Bitcoin spot ETFs continued for the second consecutive day. Hong Kong’s BTC-ETF recorded its first net outflow. The U.S. Securities and Exchange Commission (SEC) has extended the review period for the proposed spot Ethereum ETF by […]

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ForkLog 9 02.05.2024

Bitcoin Options Indicate Summer Lull, Says Expert

Traders dealing in bitcoin options are bracing for a summer lull in the market. This conclusion was drawn by Jag Kuner, head of derivatives at Bitfinex, as reported by The Block. “Summer is usually a period of low volatility. Participants begin to build corresponding positions,” the specialist commented. According to the expert, since mid-April, the […]

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ForkLog 31 02.05.2024

VanEck Assesses Bitcoin Holdings of ETFs, Nations, and Companies

The combined value of bitcoins held in the wallets of various nations, public, and private companies amounts to $175 billion, according to calculations by VanEck, reports The Block. Data: The Block. This figure represents approximately 15% of the total market capitalization of the leading cryptocurrency, according to CoinGecko. “Interest in digital gold among institutional investors […]

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