Macro investor and fund manager Dan Tapiero believes Bitcoin (BTC) is gearing up to print fresh all-time highs (ATHs). The CEO of investment firm 10T Holdings tells his 115,600 followers on the social media platform X that Bitcoin could soar more than 45% from its current value if it crosses $65,000 again. “Starting to look […]
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On-chain analyst Willy Woo thinks Bitcoin (BTC) could be primed to surge in price. Woo tells his 1.1 million followers on the social media platform X that the top crypto asset is flashing a bullish divergence “with lots of room to run” on its volume-weighted average price (VWAP) oscillator chart. “Seems like a good setup […]
The post On-Chain Analyst Willy Woo Says Bitcoin Setting Up To Potentially Reach ‘Escape Velocity’ – Here’s Why appeared first on The Daily Hodl.
Analysts with the crypto exchange Bitfinex say two key metrics are suddenly flashing bullish for Bitcoin (BTC). In a new blog post, Bitfinex analysts say that Bitcoin’s Market Value to Realized Value (MVRV) ratio shows the price of the top-performing crypto asset is likely going up. MVRV is the ratio of Bitcoin’s market capitalization relative […]
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A popular crypto trader says the top decentralized exchange (DEX) Uniswap (UNI) is flashing a short-term bullish signal. The analyst Ali Martinez tells his 59,400 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal for UNI on the daily chart, which he says suggests the […]
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Bitcoin whales gobbled up more than $1 billion worth of BTC amid the top crypto asset’s price dip on Thursday, according to the crypto analytics firm IntoTheBlock. IntoTheBlock notes that whales holding more than 0.1% of the total BTC supply collectively accumulated 19,760 Bitcoins worth $1.235 billion, at an average price of $62,500 per coin. […]
The post Whales Gobble Up $1,235,000,000 Worth of Bitcoin Amid BTC’s Price Dip on Thursday: IntoTheBlock appeared first on The Daily Hodl.
A popular crypto trader says the decentralized oracle network Chainlink (LINK) is flashing a short-term bullish signal. Ali Martinez tells his 59,300 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal for LINK on the daily chart, which he says suggests “a potential one to […]
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Bitcoin bears celebrate as demand for leveraged long positions hits a six-month low, but crypto traders on X think it's time to go long.
On April 18, Bitcoin (BTC) futures contracts exhibited significant demand for short (sell) positions, sparking speculations of further bearish momentum. This trend was influenced by the lack of inflows into spot Bitcoin exchange-traded funds (ETFs) and the expectations of rising interest rates in the U.S., all contributing to a negative market sentiment.
Retail traders often favor perpetual futures, a type of derivative that closely mirrors the price movements of regular spot markets. To maintain balanced risk exposure, exchanges implement a fee every eight hours, known as the funding rate.
This rate turns positive when buyers (longs) demand more leverage, and negative when sellers (shorts) seek additional leverage. Typically, a neutral funding rate is around 0.025 per 8-hour period or 0.5% weekly. Conversely, negative funding rates, though infrequent, are seen as highly bearish indicators.
Coinbase’s country director for Singapore, Hassan Ahmed, is saying that there are two upcoming catalysts that portend a bullish outlook for Bitcoin (BTC) in 2024. Ahmed says in a CNBC interview that Bitcoin will see a potential increase in demand while at the same time experiencing a fall in the supply. “So this spot Bitcoin […]
The post Coinbase Executive Says Upcoming Events Will Be ‘Pretty Explosive’ for Bitcoin – Here’s His Outlook appeared first on The Daily Hodl.
A popular analyst is outlining one bullish scenario for Bitcoin (BTC) as the crypto king trades below $42,000. Pseudonymous analyst DonAlt tells his 55,300 subscribers of the TechnicalRoundup YouTube channel that based on historic price patterns Bitcoin could soar more than 45% from its current value. However, he warns BTC could correct soon afterward. “If […]
The post Trader Who Caught Early 2023 Crypto Rally Predicts Bitcoin Surge to $60,000 – But There’s a Big Catch appeared first on The Daily Hodl.
Analyst and trader Ali Martinez is saying that the realized price metric for Bitcoin (BTC) is sending a bullish confirmation signal. Martinez tells his 34,300 followers on the social media platform X that Bitcoin’s realized price is rising above the long-term holder’s realized price metric. The realized price is the average price of all Bitcoins […]
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