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Short squeeze alert for December 8: Two cryptocurrencies with potential to skyrocket
An altseason is brewing in the cryptocurrency market, with most cryptocurrencies showing bullish signals Most projects now have a balanced long/short ratio in the derivative market, which hardens the likelihood of a short squeeze event
Looking into data by CoinGlass on December 8, Finbold spotted two particular cryptocurrencies with asslightly higher weight towards short positions.m Essentially short-sellers dominance usually indicates a bearish sentiment but also creates an appealing upward liquidity for short squeezes.
In particular BNB Chain (BNB) and Bitcoin Cash (BCH) show an open interest heavily weighted toward shorts over long positions in both the 12 and 24-hour time frames. If an altseason really occurs these two digital assets could face a short squeeze.
BNB Chain (BNB) short squeeze alert
Notably, uncertainty over the cryptocurrency exchange Binance also affects the BNB’s performance. This impact can be observed in a dominant bearish indicator for open short positions in derivatives.
The native BNB Chain token is trading at $234.57 by press time, with 52% of shorts dominance. Respectively, there are $194.05 million and $331.90 million in open short positions in the last 12 and 24 hours
BNB Long/Short ratio on 12 and 24 hours Source: CoinGlass
Bitcoin Cash (BCH) short-sellers could be liquidated
In the meantime, Bitcoin Cash is another highly shorted cryptocurrency. For that reason, it has also experienced aggressive short squeezes in the past, which could occur again under the right conditions.
Interestingly, there are $150.43 million of opened short positions in the last 24 hours. Out of which, $66.23 million happened in the last 12 hours, for 53.73% of this time frame open interest
BCH Long/Short ratio on 12 and 24 hours
A short squeeze occurs when these bearish positions get liquidated facing a surge in demand and price The increased demand causes a high volume of buy orders to liquidate exchange books
#BTC $BCH $BNB
An altseason is brewing in the cryptocurrency market, with most cryptocurrencies showing bullish signals Most projects now have a balanced long/short ratio in the derivative market, which hardens the likelihood of a short squeeze event
Looking into data by CoinGlass on December 8, Finbold spotted two particular cryptocurrencies with asslightly higher weight towards short positions.m Essentially short-sellers dominance usually indicates a bearish sentiment but also creates an appealing upward liquidity for short squeezes.
In particular BNB Chain (BNB) and Bitcoin Cash (BCH) show an open interest heavily weighted toward shorts over long positions in both the 12 and 24-hour time frames. If an altseason really occurs these two digital assets could face a short squeeze.
BNB Chain (BNB) short squeeze alert
Notably, uncertainty over the cryptocurrency exchange Binance also affects the BNB’s performance. This impact can be observed in a dominant bearish indicator for open short positions in derivatives.
The native BNB Chain token is trading at $234.57 by press time, with 52% of shorts dominance. Respectively, there are $194.05 million and $331.90 million in open short positions in the last 12 and 24 hours
BNB Long/Short ratio on 12 and 24 hours Source: CoinGlass
Bitcoin Cash (BCH) short-sellers could be liquidated
In the meantime, Bitcoin Cash is another highly shorted cryptocurrency. For that reason, it has also experienced aggressive short squeezes in the past, which could occur again under the right conditions.
Interestingly, there are $150.43 million of opened short positions in the last 24 hours. Out of which, $66.23 million happened in the last 12 hours, for 53.73% of this time frame open interest
BCH Long/Short ratio on 12 and 24 hours
A short squeeze occurs when these bearish positions get liquidated facing a surge in demand and price The increased demand causes a high volume of buy orders to liquidate exchange books
#BTC $BCH $BNB
Bitcoin Fund Holdings Hit All-Time High as Spot ETF Excitement Entices Crypto Investors
Digital asset funds surpassed $1 billion in net inflows this year, with money overwhelmingly flowing into BTC-focused investments, CoinShares reported.
Bitcoin investment funds hold an all-time high of 863,434 BTC according to ByteTree
Digital asset funds overall attracted large inflows over the past weeks as spot bitcoin ETF optimism spread to the broader crypto markets
Bitcoin (BTC) investment fund BTC holdings have risen to the highest ever alongside the token's continuing rally thanks in part to optimism about coming approval for a spot exchange-traded fund (ETF)
According to investment advisory firm ByteTree, token holdings this week rose to 863434 taking out the previous record high touched in April 2022 Over the past month funds have added about 22 100 bitcoins
Little wonder the price has been so strong of late ByteTree founder Charlie Morris said
Broader crypto funds enjoyed an uptick in fresh cash over the past weeks as well with digital asset management firm CoinShares reporting $767 million in net inflows over the past six weeks the most over such a time frame since the 2021 bull market
Further James Butterfill head of research at CoinShares, earlier Friday noted inflows into digital asset funds so far this year have now topped $1 billion.
Bitcoin, of course, is the overwhelming driver of these inflows as investors chase rising prices ahead of what's now expected to be imminent approval of multiple spot BTC ETFs.
Speaking to CoinDesk earlier this week, Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, suggested things have a long way to go before the spot ETF approval is priced in. Even with all the news hitting of late, it's Hougan's contention that the majority of financial advisors continue to believe a spot ETF isn't coming until 2025 or later
BTC hit a 18-month high of $37,960 earlier this week, up 39% in the past month and 125% year-to-date. It's currently trading hands at $ 37,300
#BTC #ETH #CryptoTalks
$BTC $ETH
Digital asset funds surpassed $1 billion in net inflows this year, with money overwhelmingly flowing into BTC-focused investments, CoinShares reported.
Bitcoin investment funds hold an all-time high of 863,434 BTC according to ByteTree
Digital asset funds overall attracted large inflows over the past weeks as spot bitcoin ETF optimism spread to the broader crypto markets
Bitcoin (BTC) investment fund BTC holdings have risen to the highest ever alongside the token's continuing rally thanks in part to optimism about coming approval for a spot exchange-traded fund (ETF)
According to investment advisory firm ByteTree, token holdings this week rose to 863434 taking out the previous record high touched in April 2022 Over the past month funds have added about 22 100 bitcoins
Little wonder the price has been so strong of late ByteTree founder Charlie Morris said
Broader crypto funds enjoyed an uptick in fresh cash over the past weeks as well with digital asset management firm CoinShares reporting $767 million in net inflows over the past six weeks the most over such a time frame since the 2021 bull market
Further James Butterfill head of research at CoinShares, earlier Friday noted inflows into digital asset funds so far this year have now topped $1 billion.
Bitcoin, of course, is the overwhelming driver of these inflows as investors chase rising prices ahead of what's now expected to be imminent approval of multiple spot BTC ETFs.
Speaking to CoinDesk earlier this week, Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, suggested things have a long way to go before the spot ETF approval is priced in. Even with all the news hitting of late, it's Hougan's contention that the majority of financial advisors continue to believe a spot ETF isn't coming until 2025 or later
BTC hit a 18-month high of $37,960 earlier this week, up 39% in the past month and 125% year-to-date. It's currently trading hands at $ 37,300
#BTC #ETH #CryptoTalks
$BTC $ETH
First Mover Americas: Bitcoin Ordinals Protocol Token Jumps 50%
The latest price moves in crypto markets in context for Nov 7 2023
Latest Prices
Top Stories
Prices of the ORDI token tied to the Bitcoin Ordinals protocol surged 50% in 24 hours after it was listed on the crypto exchange Binance as an emerging project under the seed tag ORDI is a relatively new token that poses a higher-than-normal risk, and as such will likely be subject to high price volatility,Binance said in a Tuesday announcement Please ensure that you exercise sufficient risk management have done your own research in regard to ORDI s fundamentals and fully understand the project before opting to trade the token. The Seed Tag represents innovative projects that may exhibit higher volatility and risks compared to other listed tokens The Seed Tag will be applied to ORDI, the exchange added
Silicon Valley investment firm Proof Group, part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius, is in the running to relaunch FTX, according to two people familiar with the plans FTX, at the time one of the largest crypto exchanges, collapsed almost a year ago, sending shockwaves through the industry. Since then, the bankrupt exchange has received multiple bids for a potential restart, now narrowed down to a shortlist of three, according to Perella Weinberg Partners, an investment bank involved in the process Other options being considered include selling the entire exchange and its valuable 9 million-strong customer list or bringing in a partner. A decision should be made by mid-December,said Kevin Cofsky,a partner at Perella Weinberg last month Proof Group is a venture capital investor in crypto projects such as Aptos Lightspark and Sui
Chart of the Day
The chart shows bitcoin's average monthly volatility since 2014
Bitcoin has doubled in value this year amid weak liquidity conditions Still volatility has been largely absent from the market
Perhaps macro and leverage traders are continuing to sit on the fence
Follow
#BTC #Stablecoins
$BTC
The latest price moves in crypto markets in context for Nov 7 2023
Latest Prices
Top Stories
Prices of the ORDI token tied to the Bitcoin Ordinals protocol surged 50% in 24 hours after it was listed on the crypto exchange Binance as an emerging project under the seed tag ORDI is a relatively new token that poses a higher-than-normal risk, and as such will likely be subject to high price volatility,Binance said in a Tuesday announcement Please ensure that you exercise sufficient risk management have done your own research in regard to ORDI s fundamentals and fully understand the project before opting to trade the token. The Seed Tag represents innovative projects that may exhibit higher volatility and risks compared to other listed tokens The Seed Tag will be applied to ORDI, the exchange added
Silicon Valley investment firm Proof Group, part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius, is in the running to relaunch FTX, according to two people familiar with the plans FTX, at the time one of the largest crypto exchanges, collapsed almost a year ago, sending shockwaves through the industry. Since then, the bankrupt exchange has received multiple bids for a potential restart, now narrowed down to a shortlist of three, according to Perella Weinberg Partners, an investment bank involved in the process Other options being considered include selling the entire exchange and its valuable 9 million-strong customer list or bringing in a partner. A decision should be made by mid-December,said Kevin Cofsky,a partner at Perella Weinberg last month Proof Group is a venture capital investor in crypto projects such as Aptos Lightspark and Sui
Chart of the Day
The chart shows bitcoin's average monthly volatility since 2014
Bitcoin has doubled in value this year amid weak liquidity conditions Still volatility has been largely absent from the market
Perhaps macro and leverage traders are continuing to sit on the fence
Follow
#BTC #Stablecoins
$BTC
Bitcoin Addresses With Over $1K of #BTC Hits Record 8M, Data Shows
The number could grow exponentially, representing a tremendous amount of purchasing power yet to buy.
#BTC #BullRun #CryptoCurrents #Ledger
$BTC
The number could grow exponentially, representing a tremendous amount of purchasing power yet to buy.
#BTC #BullRun #CryptoCurrents #Ledger
$BTC
Bitcoin Retakes $35K After FOMC as Solana's SOL Leads Sharp Altcoin Rally
The Federal Reserve pulled no surprises on Wednesay as it kept policy on hold but promised a continued focus on bringing inflation to heel.
Led by solana's (SOL) 16% surge, altcoins rallied sharply throughout the session Wednesday, while a late move higher in bitcoin (BTC) pushed its price to a new 17-year high above $35,500.
Bitcoin at press time was changing hands at around $35,400, ahead 1.7% over the past 24 hours and firmly breaking above the $35,000 level which has capped its upward move over the last two weeks.
Solana (SOL) continued its remarkable rise, soaring 16% over the past 24 hours to a 14-month high. Native tokens of layer 1 blockchains such as Avalanche's (AVAX), Polkadot's (DOT) and Near Protocol's (NEAR) rose 6% to 10%.
Decentralized finance (DeFi) tokens – which were laggards during October – also popped, with uniswap (UNI) and aave (AAVE) advancing 15% and 10%, respectively.
Ether (ETH), the second largest crypto by market cap, was up nearly 2%, outperforming bitcoin by a few basis points.
The CoinDesk Market Index (CMI), a proxy for a broad basket of digital assets, was up 2% over the past 24 hours.
Checking the downside, SafeMoon's token SFM plummeted over 50% today as the Department of Justice (DOJ) arrested the project's executives for fraud and the U.S. Securities and Exchange Commission (SEC) filed unregistered security offering charges
FOMC Meeting
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) left its benchmark fed funds rate range steady at 5.25%-5.50% on Wednesday, which was widely anticipated.
Fed Chairman Jerome Powell said at the post-FOMC press conference that a run-up in U.S. Treasury yields have contributed to tightening financial conditions, but left the option open for an additional rate hike if necessary.
"Fed's likely done after back-to-back holds kept rates at a 22-year high," Edward Moya, market analyst at OANDA, noted in a newsletter.
#BTC #CryptoNews🔒📰🚫 #CryptoBears #sol
$BTC $SOL
The Federal Reserve pulled no surprises on Wednesay as it kept policy on hold but promised a continued focus on bringing inflation to heel.
Led by solana's (SOL) 16% surge, altcoins rallied sharply throughout the session Wednesday, while a late move higher in bitcoin (BTC) pushed its price to a new 17-year high above $35,500.
Bitcoin at press time was changing hands at around $35,400, ahead 1.7% over the past 24 hours and firmly breaking above the $35,000 level which has capped its upward move over the last two weeks.
Solana (SOL) continued its remarkable rise, soaring 16% over the past 24 hours to a 14-month high. Native tokens of layer 1 blockchains such as Avalanche's (AVAX), Polkadot's (DOT) and Near Protocol's (NEAR) rose 6% to 10%.
Decentralized finance (DeFi) tokens – which were laggards during October – also popped, with uniswap (UNI) and aave (AAVE) advancing 15% and 10%, respectively.
Ether (ETH), the second largest crypto by market cap, was up nearly 2%, outperforming bitcoin by a few basis points.
The CoinDesk Market Index (CMI), a proxy for a broad basket of digital assets, was up 2% over the past 24 hours.
Checking the downside, SafeMoon's token SFM plummeted over 50% today as the Department of Justice (DOJ) arrested the project's executives for fraud and the U.S. Securities and Exchange Commission (SEC) filed unregistered security offering charges
FOMC Meeting
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) left its benchmark fed funds rate range steady at 5.25%-5.50% on Wednesday, which was widely anticipated.
Fed Chairman Jerome Powell said at the post-FOMC press conference that a run-up in U.S. Treasury yields have contributed to tightening financial conditions, but left the option open for an additional rate hike if necessary.
"Fed's likely done after back-to-back holds kept rates at a 22-year high," Edward Moya, market analyst at OANDA, noted in a newsletter.
#BTC #CryptoNews🔒📰🚫 #CryptoBears #sol
$BTC $SOL
WeWork valuation history.
2010: company founded
Jul 2012: $97m
May 2013: $440m
Feb 2014: $1.5b
Dec 2014: $5b
Jun 2015: $10.2b
Oct 2016: $16.9b
Aug 2017: $20b
Jan 2019: $47b
Oct 2019: $8b
Dec 2019: $7.3b
May 2020: $2.9b
Oct 2021 (IPO): $8.2b
Today: $58m
#CryptoNews🔒📰🚫 #CryptocurrencyForecast #CryptoFrenzy #CryptoWealt #CryptoBears
2010: company founded
Jul 2012: $97m
May 2013: $440m
Feb 2014: $1.5b
Dec 2014: $5b
Jun 2015: $10.2b
Oct 2016: $16.9b
Aug 2017: $20b
Jan 2019: $47b
Oct 2019: $8b
Dec 2019: $7.3b
May 2020: $2.9b
Oct 2021 (IPO): $8.2b
Today: $58m
#CryptoNews🔒📰🚫 #CryptocurrencyForecast #CryptoFrenzy #CryptoWealt #CryptoBears
L O N G
F U T U E R S
BEL/ USDT
BUY: 0.62
Capital: 2%
Target 01
0.6386
Target 02
0.6572
Target 03
0.6944
Target 04
0.7688
STOPLOSS: 0.53
#CryptoBears #CryptoLandscape #CryptoSports
$BEL
F U T U E R S
BEL/ USDT
BUY: 0.62
Capital: 2%
Target 01
0.6386
Target 02
0.6572
Target 03
0.6944
Target 04
0.7688
STOPLOSS: 0.53
#CryptoBears #CryptoLandscape #CryptoSports
$BEL
L O N G
F U T U E R S
ZEC USDT
BUY: 28.0
Capital: 2%
Target 01
28.84
Target 02
29.68
Target 03
31.36
Target 04
34.72
STOPLOSS: 25.1
#crypto2023 #crypto #cryptocurrency #crypto2023 #BinanceSquare
$ZEC
F U T U E R S
ZEC USDT
BUY: 28.0
Capital: 2%
Target 01
28.84
Target 02
29.68
Target 03
31.36
Target 04
34.72
STOPLOSS: 25.1
#crypto2023 #crypto #cryptocurrency #crypto2023 #BinanceSquare
$ZEC
UPDATE:
FTX/Alameda transferred $19.4M assets again today, including:
309,185 $SOL($10M)
2.03M $BAND($3.15M)
3.82M $PERP($2.3M)
46.67M $TRU($1.78M)
4.39M $BICO($1M)
915,048 $KNC($686K)
5.47M $CVC($479K)
7,275 $BOND($30K)
#crypto2023 #crypto #cryptocurrency #cryptonews #CryptoTalks
FTX/Alameda transferred $19.4M assets again today, including:
309,185 $SOL($10M)
2.03M $BAND($3.15M)
3.82M $PERP($2.3M)
46.67M $TRU($1.78M)
4.39M $BICO($1M)
915,048 $KNC($686K)
5.47M $CVC($479K)
7,275 $BOND($30K)
#crypto2023 #crypto #cryptocurrency #cryptonews #CryptoTalks
#Bitcoin Price On This Day (27 October) 👀👇
2023: 🟢 $34,050*
2022: 🔴 $20,699
2021: 🟢 $59,405
2020: 🟢 $13,354
2019: 🟢 $9,456
2018: 🟢 $6,406
2017: 🟢 $5,825
2016: 🟢 $680
2015: 🔴 $293
2014: 🟢 $354
2013: 🟢 $188
2012: 🟢 $10
2011: 🟢 $3
2010: 🟢 $0.17
#crypto2023 #crypto #cryptocurrency #cryptonews #CryptoTalks
$BTC
2023: 🟢 $34,050*
2022: 🔴 $20,699
2021: 🟢 $59,405
2020: 🟢 $13,354
2019: 🟢 $9,456
2018: 🟢 $6,406
2017: 🟢 $5,825
2016: 🟢 $680
2015: 🔴 $293
2014: 🟢 $354
2013: 🟢 $188
2012: 🟢 $10
2011: 🟢 $3
2010: 🟢 $0.17
#crypto2023 #crypto #cryptocurrency #cryptonews #CryptoTalks
$BTC
L O N G
F U T U E R S
DOT / USDT
BUY: 4.l
Capital: 2%
Target 01
4.223
Target 02
4.346
Target 03
4.592
Target 04
5.084
STOPLOSS: 3.91
#crypto2023 #crypto #cryptocurrency #cryptonews
$DOT
F U T U E R S
DOT / USDT
BUY: 4.l
Capital: 2%
Target 01
4.223
Target 02
4.346
Target 03
4.592
Target 04
5.084
STOPLOSS: 3.91
#crypto2023 #crypto #cryptocurrency #cryptonews
$DOT
Historic Move’ Ahead for Bitcoin With BTC Setup Looking Stronger Than 2020, Says Crypto Analyst
A widely followed crypto analyst is predicting an unprecedented bullish move by Bitcoin (BTC) based on two key indicators.
Pseudonymous analyst TechDev tells his 419,400 followers on the social media platform X that the total market capitalization of digital assets appears ready for a huge breakout
“The monthly crypto market cap is at its highest compression, ever.
I believe a historic move is ahead.”
The trader’s chart uses the Bollinger bands bandwidth (BBW), a price volatility gauge that sees its upper and lower bands widen when volatility declines while the bands contract when volatility is about to explode.
According to the chart, the BBW is currently lower than the levels that preceded huge moves to the upside in both 2016 and 2020.
Using the same BBW metric, the trader says that Bitcoin appears on the verge of a breakout even larger than the one in 2020.
“Tightest monthly compression since 2016. Stronger than 2020.”
The trader also looks at the vortex indicator metric, which measures two trendlines – VI+ and VI-. He says it is only the third time that Bitcoin’s two VI trendlines have crossed since 2016 on the two-month Bitcoin chart. The prior two crossings resulted in massive price moves to the upside for the leading crypto asset.
“Two-month Vortex peaks, ahead of max compression.”
Bitcoin is trading for $34,699 at time of writing
#BTC #crypto2023 #cryptocurrency #crypto #cryptonews
$BTC
A widely followed crypto analyst is predicting an unprecedented bullish move by Bitcoin (BTC) based on two key indicators.
Pseudonymous analyst TechDev tells his 419,400 followers on the social media platform X that the total market capitalization of digital assets appears ready for a huge breakout
“The monthly crypto market cap is at its highest compression, ever.
I believe a historic move is ahead.”
The trader’s chart uses the Bollinger bands bandwidth (BBW), a price volatility gauge that sees its upper and lower bands widen when volatility declines while the bands contract when volatility is about to explode.
According to the chart, the BBW is currently lower than the levels that preceded huge moves to the upside in both 2016 and 2020.
Using the same BBW metric, the trader says that Bitcoin appears on the verge of a breakout even larger than the one in 2020.
“Tightest monthly compression since 2016. Stronger than 2020.”
The trader also looks at the vortex indicator metric, which measures two trendlines – VI+ and VI-. He says it is only the third time that Bitcoin’s two VI trendlines have crossed since 2016 on the two-month Bitcoin chart. The prior two crossings resulted in massive price moves to the upside for the leading crypto asset.
“Two-month Vortex peaks, ahead of max compression.”
Bitcoin is trading for $34,699 at time of writing
#BTC #crypto2023 #cryptocurrency #crypto #cryptonews
$BTC
Peak Price of Bitcoin Every Year:
2015: $465
2016: $977
2017: $19,665
2018: $18,344
2019: $12,996
2020: $28,837
2021: $67,617
2022: $47,816
2023: $35,066 (Year to Date)
#BTC #crypto2023 #cryptocurrency #crypto #cryptonews
2015: $465
2016: $977
2017: $19,665
2018: $18,344
2019: $12,996
2020: $28,837
2021: $67,617
2022: $47,816
2023: $35,066 (Year to Date)
#BTC #crypto2023 #cryptocurrency #crypto #cryptonews
S H O R T
F U T U E R S
BTC USDT
Leverage: Ix
Capital: 1%
Entry 1: 34800.0
Entry 2: 35800.0
Target 01
33756.0
Target 02
32712.0
Target 03
30624.0
Target 04
26448.0
STOPLOSS: 36500.0
#BTC #crypto2023 #crypto #cryptocurrency #cryptonews
$BTC
F U T U E R S
BTC USDT
Leverage: Ix
Capital: 1%
Entry 1: 34800.0
Entry 2: 35800.0
Target 01
33756.0
Target 02
32712.0
Target 03
30624.0
Target 04
26448.0
STOPLOSS: 36500.0
#BTC #crypto2023 #crypto #cryptocurrency #cryptonews
$BTC
S H O R T
F U T U E R S
TRB USDT
Leverage: Ix
Capital: 1%
Entry 1: 91.0
Entry 2: 96.0
Target 01
88.27
Target 02
85.54
Target 03
80.08
Target 04
69.16
STOPLOSS: 98.5
#crypto2023 #cryptocurrency #crypto #cryptonews
$TRB
F U T U E R S
TRB USDT
Leverage: Ix
Capital: 1%
Entry 1: 91.0
Entry 2: 96.0
Target 01
88.27
Target 02
85.54
Target 03
80.08
Target 04
69.16
STOPLOSS: 98.5
#crypto2023 #cryptocurrency #crypto #cryptonews
$TRB
S H O R T
F U TU E R S
BTC USDT
Entry 1: 30650.0
Entry 2: 32000.0
Target 01
29730.5
Target 02
28811.0
Target 03
26972.0
Target 04
23294.0
STOPLCOSS: 32700.0
#BTC #CryptoTalks #crypto2023 #crypto #cryptocurrency
$BTC
F U TU E R S
BTC USDT
Entry 1: 30650.0
Entry 2: 32000.0
Target 01
29730.5
Target 02
28811.0
Target 03
26972.0
Target 04
23294.0
STOPLCOSS: 32700.0
#BTC #CryptoTalks #crypto2023 #crypto #cryptocurrency
$BTC
Bitcoin exchange balance plummet to year-to-date low,
Bitcoin exchange balances have been witnessing a noteworthy trend of outflows, reaching a year-to-date low of 2.3 million Bitcoin recently. This movement was underscored by Bitcoin breaking through the $29,000 mark, a milestone accompanied by a seismic shift of $200 million worth of Bitcoin moving away from exchanges yesterday, Oct. 19.
This indicates a significant shift in Bitcoin holdings from exchanges to private wallets, possibly signaling increased investor confidence in holding onto their assets amid market volatility.
The trend was particularly pronounced for certain exchanges. Bittrex, for instance, experienced its largest outflow since May 2023, with a notable departure of approximately $40 million.
Binance, on the other hand, saw an even larger outflow, amounting to roughly $150 million, marking one of its most substantial outflows this year.
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#bitcoin #Binance #cryptocurrency #crypto2023
$BTC
Bitcoin exchange balances have been witnessing a noteworthy trend of outflows, reaching a year-to-date low of 2.3 million Bitcoin recently. This movement was underscored by Bitcoin breaking through the $29,000 mark, a milestone accompanied by a seismic shift of $200 million worth of Bitcoin moving away from exchanges yesterday, Oct. 19.
This indicates a significant shift in Bitcoin holdings from exchanges to private wallets, possibly signaling increased investor confidence in holding onto their assets amid market volatility.
The trend was particularly pronounced for certain exchanges. Bittrex, for instance, experienced its largest outflow since May 2023, with a notable departure of approximately $40 million.
Binance, on the other hand, saw an even larger outflow, amounting to roughly $150 million, marking one of its most substantial outflows this year.
Follow me for Daily news Signals Many More ♥️
If u show Your Love Give One Like And Press Follow Button♥️
your HAMITRADER♥️
Thank U
#bitcoin #Binance #cryptocurrency #crypto2023
$BTC
S H O R T
F U T U E R S
SOL USDT
Entry 1: 29.7
Entry 2: 31.0
Target 01
28.809
Target 02
27.918
Target 03
26.136
Target 04
22.572
STOPLOSS: 33.0
#Binance #crypto2023 #crypto #cryptocurrency #BinanceSquare
$SOL
F U T U E R S
SOL USDT
Entry 1: 29.7
Entry 2: 31.0
Target 01
28.809
Target 02
27.918
Target 03
26.136
Target 04
22.572
STOPLOSS: 33.0
#Binance #crypto2023 #crypto #cryptocurrency #BinanceSquare
$SOL