Monday, April 8, saw an aggregate outflow of $224 million from the newly launched eleven spot Bitcoin ETFs, according to preliminary data from Farside Investors. This reverses four days of inflows, during which a total net of $570 million flowed into the institutional investment products. This week’s outflow was again exacerbated by Grayscale, which saw […]
Bitcoin’s price recovery continues as the asset jumped to over $69,000 and came close to challenging $70,000 hours ago. This price fluctuation comes amid increased activity from large BTC investors, according to on-chain data. BTCUSD. Source: TradingView The first whale move was observed by several on-chain data providers, such as Lookonchain and Whale Alert. The […]
There are around 18,000 Bitcoin options due to expire on April 5 with a notional value of $1.23 billion. However, today’s expiry event is much smaller than last week’s whopping $15 billion end-of-quarter crypto options expiry. Moreover, markets have been weaker this week, with total capitalization falling 5% as $150 billion left the space. Bitcoin […]
After a few days of sideways trading, Bitcoin’s price has headed straight south, with a massive plunge that has pushed it to a 9-day low of $66,000. The altcoins are in an even worse position, with several double-digit price losers, such as Dogecoin, Shiba Inu, Bitcoin Cash, and Avalanche. BTCUSD. Source: TradingView CryptoPotato reported yesterday […]
March 29 is an end-of-quarter Bitcoin options expiry event, and it is a big one. There are approximately 135,250 BTC options contracts expiring today. The notional value of today’s big batch of Bitcoin derivatives is a whopping $9.74 billion, making it the largest expiration event so far this year, according to Deribit. Bitcoin Options Expiry […]
Recent projections from crypto analysts suggest that Bitcoin (BTC) could witness a substantial surge —while shorts will be met with a significant squeeze. Analysts from the Kobeissi Letter believe short sellers might be in for a ride full of pressure. As per an X post, Kobeissi shed light on the substantial gap between institutional long […]
For the first time since March 15, the net aggregate flow of funds to the newly launched batch of spot BTC ETFs is positive. March 25 saw a net inflow of $15.4 million, reversing a trend that has resulted in net outflows of $887 million over the past week. While yesterday’s inflow figure is the […]
TL;DR Robert Kiyosaki advocates for Bitcoin investment, predicting a substantial price increase and suggesting fractional purchases for those who can’t afford to buy a whole BTC. The halving event, among other factors, is identified as a significant catalyst for a potential rally. Why Accumulate More? Robert Kiyosaki – the author of the best-seller “Rich Dad, […]
All eyes are on the upcoming Bitcoin halving scheduled for mid-April 2024, which will reduce the rewards granted to miners for validating transactions by half. This will mark the fourth occurrence of a halving event in Bitcoin’s history. Although the market is currently experiencing a downturn, Bitcoin has seen significant growth of more than 150% […]
Bitcoin’s price has already gone through a massive rally in the past six months or so, perhaps fueled first by the hype of the spot ETFs in the US and then the actual demand for those products once they went live. As such, the asset broke its 2021 all-time high but faced a massive correction […]