Bitfinex links $544.1 million Bitcoin ETF outflows to potential market bottom, amid a decrease in BTC futures open interest.
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Analysis
5 of 7 on-chain indicators suggest the bull run is just beginning
On-chain indicators such as the Bitcoin MVRV Z score, Puell Multiple and HODL Waves paint a bullish picture for Bitcoin investors.
Despite crypto markets having consolidated sideways for the past three months, at least five on-chain indicators suggest the bull market may just be getting started, according to an analyst.
Since the end of February, crypto’s total market capitalization has been range-bound at around $2.5 trillion. Market observers are conflicted about whether the cycle is already over or not.
These five on-chain indicators, as highlighted by analyst “ELI5 of TLDR” in a post on X on May 19, suggest it is just beginning.
Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment
Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due to burdensome commercial real estate loans and the current […]Visa provides stablecoin analytics dashboard with ‘noise’ filtered out
The financial services giant wants to make data about stablecoin usage clear and accessible, which requires some processing.
Visa has premiered an Online Analytics Dashboard for stablecoins. The website seeks to cut through the “noise” to provide easily accessible and digestible data on four stablecoins across nine blockchains.
In a blog post introducing the new service, Visa head of crypto Cuy Sheffield stated that stablecoin data, despite being publicly available in real time, requires interpretation before they can be compared to activity on traditional financial networks.
The noise in stablecoin data is the result of their varying use cases. Smart contracts, or “bot programs,” are used for arbitrage, liquidity provision, market making and other functions in decentralized finance (DeFi) that are not comparable to “settlement in the traditional sense.” Visa applies filters out bot activity:
Analyst Warns Crypto Traders To Proceed With Caution As Bitcoin Whales Take Profits
A popular analyst is urging crypto traders to proceed with caution amid a shift in Bitcoin (BTC) whale behavior. Using data from the crypto analytics firm Santiment, Ali Martinez tells his 48,700 followers on the social media platform X that there has been a sudden, significant spike in profit-taking among BTC whales. “Over the past […]
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Bitcoin Price Shatters $60,000 As Elite Crypto Trader Warns ‘The Last Resistance’ Has Arrived
Bitcoin’s brute force bull run now has crypto traders eyeing a new all-time high. The leading crypto asset just shattered the $60,000 mark as an analyst who bought the bottom at $16,000 issues an alert to fellow traders. DonAlt tells his 516,000 followers on the social platform X that BTC is now facing its final […]
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Bitcoin has 85% odds of hitting a new price peak within six months
Analyst Says Bitcoin Indicator Flashing Bullish Signal, Updates Outlook on Dogecoin
Analyst Ali Martinez says a key Bitcoin (BTC) indicator is now flashing green. Martinez tells his 42,900 followers on the social media platform X that Bitcoin’s Market Value to Realized Value (MVRV) indicator shows the price of the flagship crypto asset is likely to go up, if past is prologue. MVRV is the ratio of […]
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Bitcoin Primed To Rally Ahead of Halving, Predicts Crypto Analyst – But There’s a Catch
A popular crypto analyst is updating his outlook on Bitcoin (BTC) as a key event approaches. Pseudonymous crypto trader Rekt Capital tells his 53,700 YouTube subscribers that Bitcoin is likely going to repeat a 2016 pattern and rally heading into the mid-April BTC halving, when miners’ rewards are cut in half. However, the trader warns […]
The post Bitcoin Primed To Rally Ahead of Halving, Predicts Crypto Analyst – But There’s a Catch appeared first on The Daily Hodl.
Crypto Analyst and Trader Ali Martinez Believes Bitcoin (BTC) Is Gearing Up for a Rally as One Indicator Is Suddenly Flashing Green
Crypto analyst and trader Ali Martinez believes Bitcoin (BTC) is gearing up for a rally as one indicator is suddenly flashing green. Martinez tells his 42,400 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator is giving off a bullish reading. However, the analyst warns if Bitcoin fails to hold […]
The post Crypto Analyst and Trader Ali Martinez Believes Bitcoin (BTC) Is Gearing Up for a Rally as One Indicator Is Suddenly Flashing Green appeared first on The Daily Hodl.