BullishAF
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Bitfinex Bitcoin longs rise to $3B — #BullishAF or #bearish?🤑💸💵💰💯
A startling number of Bitcoin margin longs recently opened at Bitfinex, but their muted impact on BTC price raises suspicion.
#Bitcoin investors have sought explanations for the lack of bullish momentum since the spot Bitcoin exchange-traded fund (ETF) initiated trading on Jan. 12. Multiple factors for the absence of bullish price action have been identified, but none are entirely conclusive. Meanwhile, leveraged long positions using BTC margin at Bitfinex have increased to a staggering $3 billion, prompting speculation that Bitcoin whales are preparing for a bull run.
#GBTC #ETFsApproval outflow and macroeconomic factors take the blame
Some analysts, including BitMEX founder Arthur Hayes, believe investors previously expected the U.S. Federal Reserve (Fed) to cut interest rates as soon as March, but recent inflationary events have greatly reduced those odds. Hayes thinks that by not renewing its Bank Term Funding Program (BTFP), the Fed will put U.S. regional banks to the test, draining liquidity from risk markets and negatively impacting assets like Bitcoin.
A startling number of Bitcoin margin longs recently opened at Bitfinex, but their muted impact on BTC price raises suspicion.
#Bitcoin investors have sought explanations for the lack of bullish momentum since the spot Bitcoin exchange-traded fund (ETF) initiated trading on Jan. 12. Multiple factors for the absence of bullish price action have been identified, but none are entirely conclusive. Meanwhile, leveraged long positions using BTC margin at Bitfinex have increased to a staggering $3 billion, prompting speculation that Bitcoin whales are preparing for a bull run.
#GBTC #ETFsApproval outflow and macroeconomic factors take the blame
Some analysts, including BitMEX founder Arthur Hayes, believe investors previously expected the U.S. Federal Reserve (Fed) to cut interest rates as soon as March, but recent inflationary events have greatly reduced those odds. Hayes thinks that by not renewing its Bank Term Funding Program (BTFP), the Fed will put U.S. regional banks to the test, draining liquidity from risk markets and negatively impacting assets like Bitcoin.
Grabbed some $Bake Super cheap Entry considering the tomorrow IDO on their Launchpad! Their 1st one was like wow. I'm sure 2nd one will break even more Records tomorrow. And you will need that $Bake to contribute!
#BullishAF on $BAKE
#BullishAF on $BAKE
📌$BTC s correlation with #SP500 equities dropped below zero for the first time since July 👀
This indicates a sharp divergence from traditional markets, which is #BullishAF for #Crypto
Do you think the divergence will only grow? 🤔
This indicates a sharp divergence from traditional markets, which is #BullishAF for #Crypto
Do you think the divergence will only grow? 🤔
Amidst hot CPI and inflation concerns affecting the Federal Reserve, #Bitcoin sees a $1,600 drop, marking a 4% decline from daily highs. It doesn't matter, it's just a small correction. #Cryptomarket #BullishAF
Pay Attention to $ACE Actually we might see new ATH today or tomorrow. Chart looks ready to send super hard 🔥🔥📸
#BullishAF
#BullishAF
Bitcoin has recently rebounded from the support level between $64,000-$65,000 and is currently range trading between support and resistance. It remains to be seen whether BTC will be able to break above the $70,000 resistance area or not. We anticipate more sideways movement for the next 2-3 days.
#HotTrends #BTC #Write2Earn #BullishAF #Bullrun
#HotTrends #BTC #Write2Earn #BullishAF #Bullrun
