Bitcoin unfazed by $14B option expiry setting $110K BTC target

December 27, 2024 Coin Telegraph

Bitcoin unfazed by B option expiry setting 0K BTC target

Bitcoin remained resilient despite the options expiry, peaking above $97,330 one hour after the year’s last options expiry event.

Bitcoin price remains resilient despite the last options expiry of the year, which threatened a significant correction below $85,000.

Over $14.2 billion worth of Bitcoin (BTC) options expired at 8:00 a.m. in UTC on Dec. 27, with a ‘max pain’ point of $85,000, which indicates the price at which most options contract would expire worthless.

The market experienced a total of $18 billion worth of Bitcoin and Ether (ETH) options expiry, according to Deribit Exchange’s Dec. 26 X post, that wrote:

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Confirmed Bitcoin payments hit yearly low due to holiday illiquidity

December 27, 2024 Coin Telegraph

Bitcoin

Metrics like the number of confirmed payments can be used to gauge investor activity on the Bitcoin network.

Daily Bitcoin payments have sunk to a yearly low, illustrating the period of illiquidity characteristic of the holiday season.

Confirmed Bitcoin (BTC) payments sank to 623,434 on Dec. 26, marking the lowest point of the year, according to data from blockchain.com

Confirmed Bitcoin payments per day. 1–year chart. Source: Blockchain.com

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Bitcoin to top $110K by Jan, $20B TRX hints at ‘altseason’ — Finance Redefined

December 6, 2024 Coin Telegraph

Bitcoin to top 0K by Jan, B TRX hints at ‘altseason’ — Finance Redefined

altcoin season

Based on its correlation with the liquidity index, Bitcoin may reach a local peak of above $110,000 by January.

Bitcoin surpassed $100,000 for the first time in history on Dec. 5, boosting expectations of a $110,000 “local top” before United States President-elect Donald Trump takes office on Jan. 20.

Risk appetite is also returning among altcoin investors after Tron (TRX) surpassed a record $20 billion market capitalization, bolstering expectations of a forthcoming altcoin season, as some of the profits from Bitcoin (BTC) investors are expected to flow into smaller cryptocurrencies.

Bitcoin has entered the “parabolic phase” of the market cycle, as analysts point at a local top of above $110,000 before the end of January.

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MicroStrategy increases note sales to $2.6B for Bitcoin purchases

November 20, 2024 Coin Telegraph

Bitcoin

MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.

MicroStrategy said it has increased its upcoming note sale to $2.6 billion, signaling bullish expectations for Bitcoin’s potential to surpass the $100,000 mark.

MicroStrategy, the largest corporate Bitcoin (BTC) holder, is set to raise $2.6 billion from senior convertible notes at a 0% interest rate to buy more BTC.

The note sale was upsized from a previously announced offering of $1.75 billion aggregate principal amount of notes, the firm shared in a Nov. 20 statement.

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Two Bitcoin whales buy $142M BTC after Trump’s win

November 7, 2024 Coin Telegraph

Bitcoin

The two whales have acquired $142 million worth of Bitcoin since Trump’s victory in the US election was confirmed, showing growing investor demand for Bitcoin.

Two large Bitcoin investors, known as whales, are significantly increasing their holdings, reflecting growing interest in risk assets after Donald Trump’s win in the United States presidential election.

On Nov. 6, Trump was declared the winner of the presidential election, securing his second term, which will begin on Jan. 20, 2025.

Trump’s victory bolstered investor appetite for risk assets such as Bitcoin (BTC), which hit a new all-time high of $76,400 shortly after Trump was elected president.

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Bitcoin whales accumulate $132M amid Trump victory projections

November 6, 2024 Coin Telegraph

Bitcoin

Investor appetite for risk-on assets like Bitcoin is growing, with Donald Trump projected to win the US presidential election.

New Bitcoin “whales,” or investors holding significant amounts, appear to be accumulating the cryptocurrency in anticipation of a victory by former President Donald Trump in the 2024 election.

Whales have acquired and withdrawn over 1,806 Bitcoin (BTC) worth over $132 million across 11 newly created cryptocurrency wallets.

The withdrawals from the world’s largest centralized exchange (CEX), Binance, were flagged by crypto intelligence platform Lookonchain in a Nov. 6 X post.

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Crypto and commodities poised for massive rally, says market analyst

September 15, 2024 Coin Telegraph

Bitcoin Price

According to Michael van de Poppe, an upcoming surge in global liquidity, fueled by debt refinancing, could trigger the next Bitcoin bull run.

A notable market analyst believes the cryptocurrency and commodities markets could both be ahead of a parabolic rally.

This is because both crypto assets and commodities remain “extremely undervalued,” according to analyst and entrepreneur Michaël van de Poppe.

The analyst noted in a September 15 post on X that commodities were last valued at similar levels in 2000 and 1971.

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Bitcoin set for 3-month historic rally as analysts eye $92K BTC

September 15, 2024 Coin Telegraph

Bitcoin set for 3-month historic rally as analysts eye K BTC

000

According to market analysts, this could be the last dip buying opportunity for Bitcoin before the next leg up.

After several months of downward movement, Bitcoin may be poised for a three-month rally, with some analysts predicting a breakout above $92,000.

Bitcoin’s price could be on the brink of a three-month rally based on historical post-halving chart patterns.

Bitcoin (BTC) recently retested a key support level on the weekly chart, which could set it up for a rally above $90,000, according to popular analyst Titan of Crypto.

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Arthur Hayes predicts Bitcoin rally after closing short position

September 8, 2024 Coin Telegraph

Arthur Hayes

Bitcoin could start its rally next week on a potential liquidity injection in the world’s largest economy.

Arthur Hayes has closed his Bitcoin short position following initial concerns about a deep correction over the weekend.

On Sept. 6, Hayes, the former CEO of the BitMEX cryptocurrency exchange, warned that Bitcoin (BTC) could correct below the $50,000 psychological mark this weekend as he opened a short position to capitalize on the downside.

Easing investor concerns, Hayes announced the closure of his short Bitcoin position, expecting a potential Bitcoin rally as soon as next week, he wrote in a Sept. 8 X post:

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Sub $50K Bitcoin correction remains in play as whales look to sell BTC

September 7, 2024 Coin Telegraph

Sub K Bitcoin correction remains in play as whales look to sell BTC

Arthur Hayes

Bitcoin could experience more downward pressure leading up to the Sept. 18 US interest rate cut, but will it fall below $50,000 this weekend?

A Bitcoin correction below the $50,000 psychological mark could occur as soon as this weekend, threatening to create more downward pressure in September, which is a historically bearish month.

The Bitcoin (BTC) price could see more downside pressure this weekend as whales (entities holding large amounts of BTC) look to lock in profits.

One savvy whale address sold 100 BTC, worth over $5.3 million, to lock in over $206,000 in profit.

Bitcoin rally

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