QCP Capital | ForkLog

ForkLog 30 09.01.2025

CryptoQuant names the key metric for a bull-run revival

Sustained trading of Bitcoin below $90,000 would shake investor confidence and spur selling, according to a report by CryptoQuant. Analysts noted mounting doubts after a failed attempt to break the all-time high at $108,000. Fading optimism is reflected in a marked decline in perpetual funding rates. The lack of a rebound to previous levels has […]

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ForkLog 19 09.01.2025

A decisive close above $100,000 would avert a slide to $78,000, says analyst

A decisive close for the leading cryptocurrency above $100,000 would neutralise the bearish scenario of a drop to $78,000, according to analyst Ali Martinez. Yesterday, #Bitcoin breached the right shoulder of a head-and-shoulders pattern, invalidating the bearish setup. However, today’s reversal erased those gains, dragging $BTC back below the right shoulder and reigniting bearish concerns.https://t.co/B6bPCfLNjy […]

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ForkLog 8 24.12.2024

QCP Capital Declares Bitcoin’s Christmas Rally a Non-Starter

Outflows from ETFs and negative news have hindered Bitcoin’s Christmas rally. The situation may change after the expiration on the futures market on December 27. The transfer of $49.4 million in Bitcoin from Mt. Gox triggered a sell-off on December 23, causing the cryptocurrency’s price to drop to $92,500. QCP Capital noted that the anticipated […]

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ForkLog 8 10.12.2024

Expert Predicts Sustained Bitcoin Buying on Dips

Amid ongoing volatility, the strategy of buying on dips will remain relevant “far longer than everyone expects,” according to Daniel Cheung, co-founder of Syncracy Capital. Market participant psychology has drastically shifted in crypto this cycle. In prior cycles, participants largely engaged in a HODL and buy the dip mentality. This cycle, participants are mostly in […]

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ForkLog 14 09.12.2024

CryptoQuant Warns of Potential Bitcoin Rally Halt

The surge of Bitcoin towards $100,000 has triggered sales by hodlers, potentially steering the trajectory into bearish territory as retail investor demand wanes, according to CryptoQuant. ?Long-Term Holders sold 827,783 BTC in 30 days. This is one of the bearish on-chain signals behind this BOLT statement. A thread on more key signals behind this claim?? […]

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ForkLog 64 26.11.2024

Bitcoin’s Retreat Seen as a Pause Before Thanksgiving

Bitcoin’s journey towards the psychological $100,000 mark has “stalled” amid $430 million in long liquidations and growing concerns over the upcoming November 27 inflation data and the Fed minutes. This conclusion was reached by CryptoQuant. Asia Color — 26 Nov 24 1/ Bitcoin dips below $93K — a $430M liquidation event coincides with a $438M […]

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ForkLog 6 04.11.2024

Bitcoin’s Potential Local Bottoms Ahead of US Elections

The options market anticipates a new all-time high for Bitcoin by the end of November and increased volatility post-US elections. Traders have noted the possibility of Bitcoin’s price retreating to $65,000 before a rebound. The price of Bitcoin is expected to hit $66,200 before a rebound ahead of the US presidential elections, according to trader […]

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ForkLog 10 22.10.2024

QCP Capital Predicts Ethereum Surge to $3000

During the week of October 14-20, Ethereum rose by 11%, outpacing Bitcoin’s 9.6% increase, though it lags behind in the Uptober context with 4% compared to 8%. QCP Capital noted a strong likelihood of Ethereum breaking through the $2800 resistance and reaching $3000. 4/ Read the full analysis here: https://t.co/gNhw4giQWX — QCP (@QCPgroup) October 22, […]

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ForkLog 8 21.10.2024

Bitcoin Futures Open Interest Reaches Record $40.6 Billion

On October 21, the total open interest (OI) in bitcoin futures reached a record $40.6 billion, surpassing the March figures at the ATH. This is according to data from Coinglass. Data: Coinglass. In terms of coins, the figure amounted to 592,000 BTC, the highest since December 2022. At that time, the leading cryptocurrency was valued […]

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ForkLog 9 17.10.2024

QCP Capital Observes Bitcoin Call Options with $120,000 Strike Price

On the evening of October 16, there was a noticeable demand for March bitcoin call options with a strike price of $120,000. These purchases were accompanied by a rise in quotes above $68,000, noted QCP Capital. Analysts saw this as a signal of the return of optimistic long-term buyers. Experts noted the continued uncertainty surrounding […]

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ForkLog 7 10.10.2024

QCP Capital Warns of Increased Bitcoin Correction Risks

The rise in funding rates for perpetual contracts signals the cryptocurrency market’s vulnerability to a correction, according to QCP Capital, as reported by The Block. “The increase in metrics on Deribit and Binance […] combined with the frenzied demand for meme coins makes us wary of a downward movement. It often occurs when investors least […]

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ForkLog 9 07.10.2024

QCP Capital Highlights Inflation Data’s Impact on Bitcoin’s Trajectory

Consumer inflation data in the United States on October 10 will determine the Federal Reserve’s next move following its November meeting, according to QCP Capital. 5/ Read more about the week ahead here: https://t.co/EnPoo2suiA — QCP (@QCPgroup) October 7, 2024 Experts noted that a strong employment report on October 4 led to a reduction in […]

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