Market Analysis | ForkLog

ForkLog 18 29.02.2024

CoinShares: Bitcoin ETF Demand Surpasses Mining Output Threefold

The daily growth rate of digital gold reserves in spot bitcoin ETFs is 2800 BTC, while supply increases by only 900 BTC. These estimates were provided by CoinShares, as reported by The Block. The resulting demand shock has further reduced bitcoin balances on centralized exchanges. According to experts’ calculations, the decline from 2020 levels has […]

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ForkLog 8 28.02.2024

Glassnode: Bitcoin Market Engulfed by Speculative Frenzy

The dynamics of capital flows, exchange activity, leverage in crypto derivatives, and institutional demand all point to a surge in risk appetite among Bitcoin investors, according to Glassnode. The risk appetite for #Bitcoin investors is increasing, with growing signs of speculation appearing across capital flows, exchange activity, derivatives leverage, and even institutional demand. Discover more […]

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ForkLog 7 27.02.2024

Experts Highlight Risks of Institutional Shift from Ethereum to Bitcoin

The ETH/BTC exchange rate has reached a historic turning point, potentially increasing the risk of a correction in the coming days. Analysts at Cointelegraph have examined four reasons that could lead to such a scenario. Their assessments are based on the ambiguous technical picture of ETH/BTC. Experts noted the RSI entering the overbought zone and […]

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ForkLog 35 27.02.2024

Bybit Identifies Ethereum as Leading Institutional Crypto Asset

The share of Bitcoin and Ethereum in institutional portfolios increased from 50% to 80%. Open interest in options for the second-largest cryptocurrency by market capitalization reached a new all-time high. The growth is linked to increased volatility, expectations for the Dencun upgrade, and prospects for ETF approval. Ethereum has taken the largest share among cryptocurrencies […]

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ForkLog 18 26.02.2024

Weekly Inflows to Crypto Funds Decline to $598 Million

Funds flowing into cryptocurrency investment products from February 17 to 23 amounted to $598 million, following a record $2.45 billion in the previous reporting period, according to a report by CoinShares. Net inflows since the beginning of the year have reached $5.76 billion—55% of the all-time high inflows recorded in 2021. The positive trend continued […]

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ForkLog 16 23.02.2024

Matrixport Predicts Bitcoin Could Reach $63,000 by March

The target of $63,000 for Bitcoin by March 2024 appears attainable, according to a report by Matrixport. Matrixport released a new report stating that BTC’s goal of reaching $63,000 in March 2024 is achievable. Catalysts include: the approval of a Bitcoin spot ETF, the Bitcoin halving, expectations of an interest rate cut after the Fed’s […]

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ForkLog 56 23.02.2024

Pantera Capital Predicts Bitcoin Surge to $147,000 by 2025

Bitcoin is projected to rise to $147,000 by 2025. The DeFi ecosystem based on digital gold could reach a value of $72-450 billion. Based on previous halving cycles, Bitcoin’s price is expected to drop to $35,448 in April 2024, followed by a rise to $147,000 in 2025, according to forecasts from Pantera Capital. With all […]

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ForkLog 17 20.02.2024

Bitcoin Liquidity Reaches Peak Since October 2023

The launch of spot ETFs in the US has positively impacted the liquidity of Bitcoin’s order book and its ability to trade at stable prices, according to Kaiko, as reported by CoinDesk. On February 19, the cryptocurrency’s market depth at 2% across 33 centralized exchanges increased to $539 million. This metric represents the total value […]

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ForkLog 10 19.02.2024

Crypto Funds Witness $2.45 Billion Inflow, Analysts Report

Between February 10 and 16, cryptocurrency investment products saw an unprecedented inflow of $2.45 billion, with 99% of this amount attributed to Bitcoin, according to a report by CoinShares. Data: CoinShares. “This indicates a significant acceleration in net inflows, widely distributed among various providers, suggesting a growing interest in spot ETF,” analysts explained. They noted […]

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ForkLog 7 16.02.2024

Factors Driving Bitcoin’s Surge to $52,000 Identified by Analysts

Two primary factors led to Bitcoin breaking through the key resistance level of $48,000 in February and reaching above $52,000, according to analysts at QCP Capital. One factor was the inflow of funds into spot ETFs based on the first cryptocurrency. At the end of January, the market returned to a “net inflow territory.” On […]

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ForkLog 15 16.02.2024

Bitcoin’s Return to All-Time High Predicted for March

The active formation of positions in call options with strike prices ranging from $60,000 to $80,000, coupled with frenzied demand for ETFs, could propel Bitcoin to its ATH as early as March, according to a report by QCP Capital. ?Options Vol-cast – 15 Feb 24 1/ #BTC has broken above the 50k level again after […]

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ForkLog 15 13.02.2024

Bitcoin Options Traders Bet on Rally to $65,000

Market participants are forming positions on call options for digital gold in the $65,000-$75,000 range, with execution in the second quarter. Over the past three days, net inflow into spot Bitcoin ETFs has exceeded $1.5 billion. In recent days, the volume of open positions on call options expiring in April-June with strike prices of $65,000, […]

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