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🔥🔥🔥 #Bitcoin’s Wild Ride: Analyst Reveals Shocking Shifts in Market Sentiments
Bitcoin Market Fluctuations and Future Outlook
- Bitcoin remains a focal point in the digital asset market, with recent developments in its futures market attracting significant attention from analysts and investors. #CryptoQuant analyst Axel Adler Jr. noted inconsistencies in market movements over the past few days, highlighting a shift in the Funding Rate and Taker orders.
Key Market Indicators
Funding Rate and Taker Orders
- Adler observed a noticeable change in Bitcoin's Funding Rate, which turned negative, while Taker orders became bullish. This reversal from the previous day’s behavior signals volatility and changing trader sentiments. A negative funding rate usually suggests downward price pressure, with short positions paying long positions. However, the bullish Taker orders indicate conflicting sentiments, contributing to increased market volatility.
Market Synchronization and Trends
- On May 16th, traders displayed a synchronized approach, leading to predictable market movements. However, recent discrepancies suggest uncertainty about Bitcoin's future direction. The futures market often reflects the sentiments of institutional and sophisticated investors. When these traders align in one direction, it typically results in clearer trends in Bitcoin’s spot market price. The current lack of synchronization suggests the market is at a crossroads, with varying trader expectations causing potential sharp price movements.
Future Outlook
- Current market dynamics highlight the complexity of Bitcoin trading. Analysts like Adler help interpret these signals, guiding investors. With the market in flux, the coming days could be pivotal in determining Bitcoin's behavior over the next few weeks, particularly if futures traders exhibit consistent patterns.
Source - blockchainreporter.net
#CryptoTrends2024 #BinanceSquareBTC $BTC
Bitcoin Market Fluctuations and Future Outlook
- Bitcoin remains a focal point in the digital asset market, with recent developments in its futures market attracting significant attention from analysts and investors. #CryptoQuant analyst Axel Adler Jr. noted inconsistencies in market movements over the past few days, highlighting a shift in the Funding Rate and Taker orders.
Key Market Indicators
Funding Rate and Taker Orders
- Adler observed a noticeable change in Bitcoin's Funding Rate, which turned negative, while Taker orders became bullish. This reversal from the previous day’s behavior signals volatility and changing trader sentiments. A negative funding rate usually suggests downward price pressure, with short positions paying long positions. However, the bullish Taker orders indicate conflicting sentiments, contributing to increased market volatility.
Market Synchronization and Trends
- On May 16th, traders displayed a synchronized approach, leading to predictable market movements. However, recent discrepancies suggest uncertainty about Bitcoin's future direction. The futures market often reflects the sentiments of institutional and sophisticated investors. When these traders align in one direction, it typically results in clearer trends in Bitcoin’s spot market price. The current lack of synchronization suggests the market is at a crossroads, with varying trader expectations causing potential sharp price movements.
Future Outlook
- Current market dynamics highlight the complexity of Bitcoin trading. Analysts like Adler help interpret these signals, guiding investors. With the market in flux, the coming days could be pivotal in determining Bitcoin's behavior over the next few weeks, particularly if futures traders exhibit consistent patterns.
Source - blockchainreporter.net
#CryptoTrends2024 #BinanceSquareBTC $BTC
From Freedom to Fragmentation — #Bitcoin’s 'Existential' Challenge, Core Developer Warns of a New Era of Internal Struggles
👉👉👉 #Bitcoin’s Ordinals, Runes key to solving the #Mining subsidy problem: ViaBTC
With each Bitcoin halving event, miners receive reduced block subsidies, but ViaBTC remains optimistic about the future, believing that innovative Bitcoin applications will fill this gap, aligning with #satoshiNakamoto 's vision.
ViaBTC emphasizes transaction fees from applications like Ordinals, Runes, and BRC-20s for miners' sustainability during halving events. Before the launch of Ordinals in January 2023, miners relied on peer-to-peer transaction fees & block subsidies. However, halving block subsidies every 210,000 blocks affects miners' long-term revenue.
ViaBTC anticipates that network activity & utility will compensate miners adequately, driven by ongoing development at the application layer, despite mining revenue potentially increasing with Bitcoin's price surge. This was evident when ViaBTC mined block 840,000 on April 20, receiving a record-setting 37.6 BTC transaction fee alongside the new 3.125 BTC block subsidy.
This transaction fee resulted from enthusiasts competing to inscribe "rare satoshis" and tokens using the new Runes token standard launched at the halving block.
ViaBTC was surprised by the substantial reward at the halving block, expecting transaction fees to surpass significant thresholds eventually. Despite this, Bitcoin miners earned $78.3 million on halving day, outpacing Ethereum stakers & Uniswap liquidity providers in fee earnings on nine out of the last 20 days post-halving, per Crypto Fees.
Satoshi Nakamoto predicted transaction fees would become miners' main income source as block subsidies decrease. ViaBTC agrees, citing advancements in Ordinals, Runes, and BRC-20s. Yet, popularity fluctuations of these protocols cause revenue instability for miners.
Since 2016, ViaBTC has weathered three halving events and mined over 37,534 blocks in its 2,900-day existence. With a global hash rate and miners from 118 countries, ViaBTC remains dedicated to adapting to the changing crypto landscape.
Source - cointelegraph.com
#CryptoNews🔒📰🚫
With each Bitcoin halving event, miners receive reduced block subsidies, but ViaBTC remains optimistic about the future, believing that innovative Bitcoin applications will fill this gap, aligning with #satoshiNakamoto 's vision.
ViaBTC emphasizes transaction fees from applications like Ordinals, Runes, and BRC-20s for miners' sustainability during halving events. Before the launch of Ordinals in January 2023, miners relied on peer-to-peer transaction fees & block subsidies. However, halving block subsidies every 210,000 blocks affects miners' long-term revenue.
ViaBTC anticipates that network activity & utility will compensate miners adequately, driven by ongoing development at the application layer, despite mining revenue potentially increasing with Bitcoin's price surge. This was evident when ViaBTC mined block 840,000 on April 20, receiving a record-setting 37.6 BTC transaction fee alongside the new 3.125 BTC block subsidy.
This transaction fee resulted from enthusiasts competing to inscribe "rare satoshis" and tokens using the new Runes token standard launched at the halving block.
ViaBTC was surprised by the substantial reward at the halving block, expecting transaction fees to surpass significant thresholds eventually. Despite this, Bitcoin miners earned $78.3 million on halving day, outpacing Ethereum stakers & Uniswap liquidity providers in fee earnings on nine out of the last 20 days post-halving, per Crypto Fees.
Satoshi Nakamoto predicted transaction fees would become miners' main income source as block subsidies decrease. ViaBTC agrees, citing advancements in Ordinals, Runes, and BRC-20s. Yet, popularity fluctuations of these protocols cause revenue instability for miners.
Since 2016, ViaBTC has weathered three halving events and mined over 37,534 blocks in its 2,900-day existence. With a global hash rate and miners from 118 countries, ViaBTC remains dedicated to adapting to the changing crypto landscape.
Source - cointelegraph.com
#CryptoNews🔒📰🚫
Trader Who Called 2023 #Crypto Rally Has ‘Gut Feeling’ on #Bitcoin’s Next Big Move
A trader who caught this year’s crypto rally says that Bitcoin’s ($BTC ) recent price action does not bode well for the top digital asset’s outlook.
Pseudonymous analyst #DonAlt tells his 497,700 #Twitter's followers that he believes the crypto markets are ripe for a sell-off event.
A trader who caught this year’s crypto rally says that Bitcoin’s ($BTC ) recent price action does not bode well for the top digital asset’s outlook.
Pseudonymous analyst #DonAlt tells his 497,700 #Twitter's followers that he believes the crypto markets are ripe for a sell-off event.
👉👉👉 These Institutions Have Bought 3.3% of #Bitcoin’s Supply in 3 Weeks
The recent approval of Bitcoin exchange-traded funds (#ETFs ) has triggered discussions about the potential long-term impacts on Bitcoin's supply and value. While the immediate effect on its price may not be significant, the approval has led to a reversal, with institutional players behind Bitcoin ETFs accumulating the digital asset.
Major financial institutions, including BlackRock, the world's largest asset manager, have entered the space, raising expectations that the growing involvement of retail investors in Bitcoin ETFs could contribute to future price increases.
Bitcoin ETF Applicants Amass Bitcoin Supply
Reports indicate that the 11 recently approved Bitcoin ETF applicants collectively hold approximately 3.3% of the current circulating Bitcoin supply.
Among the approved applicants are well-known entities such as Grayscale, BlackRock, Fidelity, Franklin Templeton, Invesco, VanEck, WisdomTree, Hashdex, Bitwise, Valkyrie, and BZX.
As of the latest data from Ycharts, the total circulating supply of Bitcoin stands at 19.61 million.
Within the #cryptocurrency community, there is ongoing speculation about the potential impact of the upcoming Bitcoin halving in April on both the price & supply of Bitcoin. The halving, occurring every four years, involves a reduction in mining rewards, slowing the creation of new coins & decreasing the overall available supply.
At the time of reporting, the price of Bitcoin is $43,159.
Bitcoin ETFs Face Contrary Market Reaction
Despite widespread expectations of an immediate price surge following the SEC's approval of 11 spot Bitcoin ETFs on January 10, Bitcoin's value has experienced a subsequent decline of around 10%.
Gary Gensler, SEC Chair, expressed concerns about approving spot Bitcoin ETFs, suggesting they contradict Bitcoin's core principles by introducing centralization. He warned that this move might fuel speculation and increase volatility in an already unpredictable market.
Source - beincrypto.com
#CryptoNews #BinanceSquareBTC $BTC
The recent approval of Bitcoin exchange-traded funds (#ETFs ) has triggered discussions about the potential long-term impacts on Bitcoin's supply and value. While the immediate effect on its price may not be significant, the approval has led to a reversal, with institutional players behind Bitcoin ETFs accumulating the digital asset.
Major financial institutions, including BlackRock, the world's largest asset manager, have entered the space, raising expectations that the growing involvement of retail investors in Bitcoin ETFs could contribute to future price increases.
Bitcoin ETF Applicants Amass Bitcoin Supply
Reports indicate that the 11 recently approved Bitcoin ETF applicants collectively hold approximately 3.3% of the current circulating Bitcoin supply.
Among the approved applicants are well-known entities such as Grayscale, BlackRock, Fidelity, Franklin Templeton, Invesco, VanEck, WisdomTree, Hashdex, Bitwise, Valkyrie, and BZX.
As of the latest data from Ycharts, the total circulating supply of Bitcoin stands at 19.61 million.
Within the #cryptocurrency community, there is ongoing speculation about the potential impact of the upcoming Bitcoin halving in April on both the price & supply of Bitcoin. The halving, occurring every four years, involves a reduction in mining rewards, slowing the creation of new coins & decreasing the overall available supply.
At the time of reporting, the price of Bitcoin is $43,159.
Bitcoin ETFs Face Contrary Market Reaction
Despite widespread expectations of an immediate price surge following the SEC's approval of 11 spot Bitcoin ETFs on January 10, Bitcoin's value has experienced a subsequent decline of around 10%.
Gary Gensler, SEC Chair, expressed concerns about approving spot Bitcoin ETFs, suggesting they contradict Bitcoin's core principles by introducing centralization. He warned that this move might fuel speculation and increase volatility in an already unpredictable market.
Source - beincrypto.com
#CryptoNews #BinanceSquareBTC $BTC
Analyst reveals 3 #altcoins to buy now amid #Bitcoin’s rally
1. Chainlink ( #LINK )
2. Avalanche ( #AVAX )
3. Curve DAO (#CRV )
1. Chainlink ( #LINK )
2. Avalanche ( #AVAX )
3. Curve DAO (#CRV )
#Bitcoin’s Dip Below $26K Sparks Analyst Speculation of a $20K Retest
Despite holding above $26,000 over the weekend following a plunge just days earlier, #Bitcoin dropped below this threshold again on Monday.
Despite holding above $26,000 over the weekend following a plunge just days earlier, #Bitcoin dropped below this threshold again on Monday.
#Bitcoin’s supply is inherently limited to 21 Million coins, ensuring scarcity and value preservation.
As of now, around 19.4 million bitcoins have been mined.
Always #DYOR & Trade with #StopLoss
As of now, around 19.4 million bitcoins have been mined.
Always #DYOR & Trade with #StopLoss
Bitcoin is going to $100k-$150k in
this next cycle.
Get ready boys#Bitcoin’s #bitcoindominance #cryptomarketcap
this next cycle.
Get ready boys#Bitcoin’s #bitcoindominance #cryptomarketcap
William Clemente, a well-known on-chain analyst with about 685,000 Twitter followers, predicted on his Twitter that “#Bitcoin’s long-term bull market is just beginning.”
🚨 BREAKING 🚨
$87 BILLION ASSET MANAGER
WISDOMTREE OFFICIALLY FILED
FOR SPOT BITCOIN ETF.
INSTITUTIONS ARE FOMOING INTO
BITCOIN WITH TRILLIONS & BILLIONS 🔥
#cryptomarketcap #Bitcoin’s #bitcoindominance #volume #BinanceTournament $BTC $ETH $USDC
$87 BILLION ASSET MANAGER
WISDOMTREE OFFICIALLY FILED
FOR SPOT BITCOIN ETF.
INSTITUTIONS ARE FOMOING INTO
BITCOIN WITH TRILLIONS & BILLIONS 🔥
#cryptomarketcap #Bitcoin’s #bitcoindominance #volume #BinanceTournament $BTC $ETH $USDC
#Bitcoin’s Exchange balance drops to 5-year low as price hits $30k from 2017.
Only 11.71% of Bitcoin's supply is currently held on exchanges.
The crypto analytics platform – Santiment – indicated that the amount of bitcoin held on digital asset exchanges has recently plummeted below 6%. The last time the figures were that low was in December 2017.
Since June 22, Bitcoin has been trading above the critical psychological level of $30,000. This price rally is a result of increased demand for the digital asset, a demand that is further exacerbated by the low availability of $BTC on exchanges.
More and more #HODLers seem to prefer to store their crypto on cold wallets than deal with exchanges.
Always #DYOR &
Trade Wisely by using #StopLoss ,
It's NFA
#BinanceTournament
Only 11.71% of Bitcoin's supply is currently held on exchanges.
The crypto analytics platform – Santiment – indicated that the amount of bitcoin held on digital asset exchanges has recently plummeted below 6%. The last time the figures were that low was in December 2017.
Since June 22, Bitcoin has been trading above the critical psychological level of $30,000. This price rally is a result of increased demand for the digital asset, a demand that is further exacerbated by the low availability of $BTC on exchanges.
More and more #HODLers seem to prefer to store their crypto on cold wallets than deal with exchanges.
Always #DYOR &
Trade Wisely by using #StopLoss ,
It's NFA
#BinanceTournament
🚀🚀🚀 $400 to $532K: Tracing #Bitcoin’s #journey and S2F Forecasts
Starting their Bitcoin journey in 2015 with a purchase at $400, an investor reflects on the evolving trajectory of the digital currency. In 2019, amidst skepticism, the investor authored an article using the Stock-to-Flow (S2F) model, predicting a $55k valuation for Bitcoin when it was around $4,000. Despite facing skepticism, Bitcoin has since witnessed a tenfold increase, reaching approximately $40k, validating the earlier S2F prediction.
Looking ahead, the current S2F model forecasts an even more ambitious target of $532k for Bitcoin post the 2024 halving event. Scheduled to reduce mining rewards and increase scarcity, the halving may impact Bitcoin's value. The investor's journey and Bitcoin's unpredictable trajectory highlight the volatile nature of the #cryptocurrency market. While the S2F model offers a framework based on scarcity, critics argue that market dynamics are too complex for a single metric.
As the 2024 halving approaches, the cryptocurrency community awaits to see if the S2F model's bold prediction materializes. Whether Bitcoin reaches the forecasted $532k or not, its journey from a niche investment to a major financial asset underscores its growing impact and acceptance.
Source - cryptonewsland.com
#CryptoNews🔒📰🚫 #BinanceSquare $BTC
Starting their Bitcoin journey in 2015 with a purchase at $400, an investor reflects on the evolving trajectory of the digital currency. In 2019, amidst skepticism, the investor authored an article using the Stock-to-Flow (S2F) model, predicting a $55k valuation for Bitcoin when it was around $4,000. Despite facing skepticism, Bitcoin has since witnessed a tenfold increase, reaching approximately $40k, validating the earlier S2F prediction.
Looking ahead, the current S2F model forecasts an even more ambitious target of $532k for Bitcoin post the 2024 halving event. Scheduled to reduce mining rewards and increase scarcity, the halving may impact Bitcoin's value. The investor's journey and Bitcoin's unpredictable trajectory highlight the volatile nature of the #cryptocurrency market. While the S2F model offers a framework based on scarcity, critics argue that market dynamics are too complex for a single metric.
As the 2024 halving approaches, the cryptocurrency community awaits to see if the S2F model's bold prediction materializes. Whether Bitcoin reaches the forecasted $532k or not, its journey from a niche investment to a major financial asset underscores its growing impact and acceptance.
Source - cryptonewsland.com
#CryptoNews🔒📰🚫 #BinanceSquare $BTC
#Bitcoin’s #bullish Rally Started
Bitcoin ATH THis Years will be this week. 🚀🚀🚀🚀🚀
#cryptomarketcap #bitcoindominance #global $BTC $ETH $BNB
Bitcoin ATH THis Years will be this week. 🚀🚀🚀🚀🚀
#cryptomarketcap #bitcoindominance #global $BTC $ETH $BNB
🚨 BIG BREAKING 🚨
UNITED STATES IS LAUNCHING
ITS OWN CRYPTO EXCHANGE EDX
MARKETS BACKED BY BIGGEST
INVESTORS IN AMERICA- CITADEL,
CHARLES SCHWAB AND FIDELITY
DIGITAL ASSETS.
IS THIS THE REASON WHY EVERYONE
IS FUDDING AND GOING AFTER BINANCE ?
#cryptomarketcap #Bitcoin’s #bitcoindominance #volume #BinanceTournament $BTC $ETH $BNB
UNITED STATES IS LAUNCHING
ITS OWN CRYPTO EXCHANGE EDX
MARKETS BACKED BY BIGGEST
INVESTORS IN AMERICA- CITADEL,
CHARLES SCHWAB AND FIDELITY
DIGITAL ASSETS.
IS THIS THE REASON WHY EVERYONE
IS FUDDING AND GOING AFTER BINANCE ?
#cryptomarketcap #Bitcoin’s #bitcoindominance #volume #BinanceTournament $BTC $ETH $BNB
1 BITCOIN = TWENTY SEVEN THOUSAND
FOUR HUNDRED UNITED STATES DOLLARS$BTC $BTC #Bitcoin’s #volume #bitcoindominance
FOUR HUNDRED UNITED STATES DOLLARS$BTC $BTC #Bitcoin’s #volume #bitcoindominance
#Bitcoin’s $BTC huge rally has nuked $6B in shorts this year: S3 Partners
Short sellers have lost more than $6 billion trying to bet against crypto stocks in 2023.
Short sellers have lost more than $6 billion trying to bet against crypto stocks in 2023.
🚨 BREAKING 🚨
BITCOIN JUST TOUCHED $29,000 🔥
BEARS IN DISBELIEF
#cryptomarketcap #Bitcoin’s #bitcoindominance #volume #BinanceTournament $BTC $ETH $BNB
BITCOIN JUST TOUCHED $29,000 🔥
BEARS IN DISBELIEF
#cryptomarketcap #Bitcoin’s #bitcoindominance #volume #BinanceTournament $BTC $ETH $BNB
