Market Analysis | ForkLog

ForkLog 8 19.10.2023

QCP Capital: Bitcoin poised for decline despite hopes of ETF approval

Experts at QCP Capital questioned the SEC's readiness to approve the spot Bitcoin ETF by year-end, leaving BTC at the mercy of macro factors. The latest data point to downside risks.

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ForkLog 14 17.10.2023

CryptoQuant: Spot Bitcoin ETF approval would push Bitcoin to $50,000–73,000

The cryptocurrency market’s capitalization would rise by $1 trillion if a spot Bitcoin-ETF is approved in the United States. Analysts at CryptoQuant have provided such estimates.

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ForkLog 8 16.10.2023

Inflows into crypto funds continue for the third week in a row

CoinShares: inflows to crypto investment products from October 7 to 13 totaled $15.2 million, versus $78.4 million a week earlier.

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ForkLog 17 16.10.2023

Analyst assesses whale behaviour in Bitcoin and Ethereum

Since the start of the year, Ethereum whales (over 1,000 ETH, about $1.5m) have reduced positions by 12 million ETH, while Bitcoin whales (more than 1,000 BTC, about $26.9m) have been accumulating coins.

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ForkLog 19 12.10.2023

K33 Research: Ethereum Continues to Lag Bitcoin

Traders still prefer Bitcoin due to higher futures premia amid expectations of approval for spot ETFs. This was the conclusion reached by K33 Research.

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ForkLog 15 11.10.2023

Analysts note shrinking liquidity in the cryptocurrency market

Glassnode: liquidity continues to decline amid a slide to cyclical lows in on-chain transfers, changes in exchange balances and capital flows.

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ForkLog 8 11.10.2023

Bitcoin’s market dominance nears a two-year high

The dominance index of the leading cryptocurrency reached 51.1%, approaching April 2021 levels.

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ForkLog 17 10.10.2023

Analyst points to potential Bitcoin rally after breaking above $27,900

Bitcoin price is expected to rise substantially if it holds above $27,900. The level matches the MVRV indicator for short-term market participants, according to CryptoQuant analyst Maartunn.

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ForkLog 6 09.10.2023

Analysts record the largest inflow into crypto funds since July.

Inflows into crypto investment products for Sep 30–Oct 6 totaled $78 million, up from $9 million a week earlier, according to CoinShares.

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ForkLog 7 06.10.2023

Binance’s share of spot trading slides for seventh consecutive month

Binance's share of total spot trading volume in September fell to 34.3%. The figure has declined for the seventh consecutive month.

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ForkLog 12 05.10.2023

Analysts weigh the impact of Lido’s liquid staking on Ethereum

LSD-protocols have changed the supply structure of Ethereum and the emission dynamics. On lending platforms, derivatives such as stETH have become more attractive than ETH.

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ForkLog 11 05.10.2023

K33 Research: Interest in Ethereum-futures ETFs was tepid

K33 Research: the trading volume of Ethereum-futures ETFs after listing was only 0.2% of the benchmark for Bitcoin-based equivalents in 2021.

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