Market Analysis | ForkLog

ForkLog 18 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 13 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 13 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 11 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 12 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 10 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 11 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 8 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 5 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 229 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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ForkLog 6 03.06.2024

USDe Stablecoin Capitalisation Surpasses $3 Billion

The total market value of USDe, issued by Ethena Labs, has exceeded $3 billion just four months after the launch of the “synthetic dollar.” Data: CoinGecko. The “stablecoin” reached this milestone faster than its competitors, according to The Block. USDe climbed to $2 billion on April 5. Over the past 30 days, the metric has […]

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ForkLog 9 30.05.2024

Ethereum Options Traders Show Renewed Optimism

Despite a pause in the rally, options traders remain optimistic about the price prospects of the second-largest cryptocurrency by market capitalization. This was reported by CoinDesk analyst Omkar Godbole, citing Glassnode. According to data from the derivatives exchange Deribit, the put/call ratio for Ethereum options across all expiration dates has reached 0.61. This, according to […]

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