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Crypto platform WOO X partners with market maker Wintermute for liquidity boost

Coin Telegraph
Crypto platform WOO X partners with market maker Wintermute for liquidity boost
Coin Telegraph

Aside from Wintermute, other leading liquidity providers, including Selini Capital and Black Code Group, also support WOO X.

Crypto exchange platform Woo X has partnered with Wintermute, a crypto market maker and liquidity provider with over $3.6 trillion in cumulative trading volume. Wintermute will act as the designated liquidity provider for the crypto exchange.

The latest partnership between the two crypto-focused platforms is part of a proactive and transparent effort to onboard top-tier liquidity providers. The London and Singapore-based liquidity provider Wintermute is one of several market makers collaborating with the crypto platform.

Other liquidity providers, such as Selini Capital and Black Code Group, also support WOO X. Selini Capital, for example, has consistently contributed 15–25% of all maker volume on Perpetual Protocol.

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$300M crypto long liquidations — 5 things to know in Bitcoin this week

Coin Telegraph
0M crypto long liquidations — 5 things to know in Bitcoin this week
Bitcoin

BTC price action obliterates latecomers betting on continued upside as Bitcoin analysts and miners breathe a sigh of relief.

Bitcoin (BTC) starts a key week for macro markets with a bump as the weekly close gives way to a sharp 7% BTC price correction.

The largest cryptocurrency broke down toward $40,000 in a fresh bout of volatility, reaching its lowest level in a week.

Arguably long overdue, Bitcoin’s return to test support nonetheless caught bullish latecomers by surprise, liquidating almost $100 million in longs.

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Bitcoin bulls’ run toward $45K could produce tailwinds for UNI, OP, TIA and STX

Coin Telegraph
Bitcoin bulls’ run toward K could produce tailwinds for UNI, OP, TIA and STX
Bitcoin

Bitcoin bulls could make a strong push to get BTC through the $45,000 resistance this week. Will UNI, OP, TIA and STX follow?

The S&P 500 Index (SPX) achieved its highest close of the year last week, and Bitcoin (BTC) also hit a new 52-week high, indicating that risky assets remain strong going into the final few days of the year. 

Some analysts believe Bitcoin is done with its rally in the short term and may roll over. Popular analyst and social media commentator Matthew Hyland cautioned in a post on X (formerly Twitter) that a drop in Bitcoin’s dominance below 51.81% could signal that the uptrend has ended “along with a likely top put in.”

Usually, the first leg of the rally of a new bull market is driven by the leaders, but after a significant move, profit-booking sets in and traders start to look at alternative opportunities. Although Bitcoin has not rolled over, several altcoins have started to move higher, signaling a potential shift in interest.

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Robert Kiyosaki Shares $500K Bitcoin Forecast — How It Compares to Other BTC Predictions

Price analysis 12/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, MATIC

Coin Telegraph
Price analysis 12/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, MATIC
Avalanche

Bitcoin price staged an intraday rally to the $44,000 level and technical charts show altcoins are keen to follow.

This week Bitcoin (BTC) price saw a shallow pullback, but the intra-day rally to the $44,000 level is an indication that the bulls are not hurrying to close their positions. Data from the popular HODL Waves metric shows that investors who purchased Bitcoin between December 2020 and December 2021 have been sitting on their coins.

Investors have not been selling into strength because they anticipate higher levels in the future. Asset manager VanEck said in its crypto predictions for 2024 that Bitcoin would make a new all-time high, buoyed by the “political events and regulatory shifts following a U.S. presidential election.”

Bitcoin’s rally of the past few days has also attracted investors to select altcoins, such as Ether (ETH), Cardano (ADA) and Solana (SOL). Research firm Santiment remains positive on the prospects of Bitcoin. It said on Dec. 7 that if FUD increases, Bitcoin could surge to $50,000.

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Robert Kiyosaki Shares 0K Bitcoin Forecast — How It Compares to Other BTC Predictions

Robert Kiyosaki Shares $500K Bitcoin Forecast — How It Compares to Other BTC Predictions

Bitcoin options data shows whales betting big — Will $50K BTC come in January?

Coin Telegraph
Bitcoin options data shows whales betting big — Will K BTC come in January?
Bloomberg

Institutional investor interest soars as Bitcoin options open interest hits record high.

Bitcoin (BTC) options open interest reached an unprecedented milestone, surging to a staggering $20.5 billion on Dec. 7. This remarkable achievement signifies the active involvement of institutional investors in the cryptocurrency space. Unlike futures contracts, BTC options come with predetermined expiration prices, offering valuable insights into traders’ expectations and the markets’ sentiment.

At the forefront of the Bitcoin options market stands Deribit, boasting an impressive 90% market share. The exchange currently holds a substantial $2.05 billion open interest for options expiring on Jan. 26. However, it's worth noting that a significant portion of these bets may lose their value as the deadline approaches.

Nonetheless, with the prospect of a spot exchange-traded fund (ETF) gaining regulatory approval, previously sidelined bullish bets are reentering the playing field.

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Robert Kiyosaki Shares 0K Bitcoin Forecast — How It Compares to Other BTC Predictions

Robert Kiyosaki Shares $500K Bitcoin Forecast — How It Compares to Other BTC Predictions

Bitcoin price continues to drop, but how are pro BTC traders positioned?

Coin Telegraph
Bitcoin price continues to drop, but how are pro BTC traders positioned?
CME

Data shows top traders futures’ Bitcoin long-to-short at the lowest level in 30 days, but what does this mean for BTC's short-term price action.

Bitcoin (BTC) has experienced a remarkable 15.7% price surge in the first six days of December. This surge has been heavily influenced by the anticipation of an imminent approval of a spot exchange-traded fund (ETF) in the United States. Senior Bloomberg ETF analysts have expressed a 90% probability for approval by the U.S. Securities and Exchange Commission, which is expected before Jan. 10.

However, Bitcoin’s recent price surge may not be as straightforward as it seems. Analysts have failed to consider the multiple rejections at $37,500 and $38,500 during the second half of November. These rejections have left professional traders, including market makers, questioning the market’s strength, particularly from the perspective of derivatives metrics.

Bitcoin’s 7.6% rally to $37,965 on Nov. 15 resulted in disappointment as the movement fully retracted the following day. Similarly, between Nov. 20 and Nov. 21, Bitcoin's price declined by 5.3% after the $37,500 resistance proved more formidable than anticipated.

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Price analysis 12/6: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, TON

Coin Telegraph
Price analysis 12/6: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, TON
Avalanche

Bitcoin is witnessing profit-booking by short-term holders, but institutional investors continue to put money into BTC investment products.

Bitcoin (BTC) has been on a tear, rising more than 10% this week. This shows that traders are urgently scrambling to buy Bitcoin as they anticipate the price to rally further. CoinShares data shows that investors have pumped in more than $1.44 billion into Bitcoin investment products in the past ten weeks.

The expectation is that the approval of a spot Bitcoin exchange-traded fund (ETF) will attract huge investments. Animoca Brands CEO Robby Yung, while speaking at the Next Block Expo conference in Berlin, said that Bitcoin ETFs could generate a potential income of “$10 to $12 billion.”

While long-term investors have been accumulating Bitcoin, the short-term holders (STHs) holding coins for 155 days or less have been busy booking profits in December. CryptoSlate research and data analyst James Van Straten, while sharing a Glassnode chart on X (formerly Twitter), said that STHs in profit sent roughly $5 billion worth of Bitcoin to exchanges in the first four days of December.

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Robert Kiyosaki Shares 0K Bitcoin Forecast — How It Compares to Other BTC Predictions

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Bitcoin price hit 2023 high, so why are retail traders waiting on the sidelines?

Coin Telegraph
Bitcoin price hit 2023 high, so why are retail traders waiting on the sidelines?
Coin Telegraph

Bitcoin price keeps going up but retail traders are not piling in yet. Cointelegraph explores why.

The total market capitalization of the cryptocurrency market surged past $1.55 trillion on Dec. 5, driven by remarkable weekly gains of 14.5% for Bitcoin (BTC) and 11% for Ether (ETH).

Despite the recent bullish momentum, analysts have observed that retail demand remains relatively stagnant.

Numerous U.S. However, Ed Yardeni, an analyst, suggests that the "Santa Claus rally" might have already occurred earlier this year, with the S&P 500 gaining 8.9% in November.

This rise reflected diminishing inflationary pressures and robust employment data.

Did retail traders miss Bitcoin and Ether’s recent gains?

With no dependable indicator to track retail participation in cryptocurrencies, a comprehensive data set is necessary for making conclusions, beyond relying solely on Google Trends and crypto-related app download rankings.

The premium of USD Tether (USDT) in China serves as a valuable gauge of retail demand in the crypto market.

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Price analysis 12/4: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Coin Telegraph
Price analysis 12/4: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
Binance Coin

Altcoins show compelling technical setups after Bitcoin price blew past $42,000 on December 4.

Bitcoin (BTC) and Ether (ETH) surged above their respective overhead resistance levels on Dec.

Cryptocurrency exchange Bybit said in its 4th quarter report that institutional traders held 35% of their assets in Bitcoin, 15% in Ether and a large portion kept 45% of their assets are in stablecoins. Only a miniscule 5% was held in rest of the altcoins.

This shows that there is still enough firepower available with institutional investors to buy the cryptocurrency of their choice by selling stablecoins.

Daily cryptocurrency market performance. Source: Coin360

Matrixport research head Markus Thielen said in a recent note that the three previous crypto bear markets were followed by a three-year bull cycle, and this time is going to be no different, with 2023 being the first year.

Could bulls hold on to the gains in Bitcoin and select altcoins, or will higher levels attract aggressive selling by the bears? Let’s analyze the charts to find out.

S&P 500 Index price analysis

The bulls kicked the S&P 500 Index (SPX) above the overhead resistance of 4,541 on Nov.

SPX daily chart. Source: TradingView

The up-move is likely to face selling in the zone between 4,607 and 4,650.

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Robert Kiyosaki Shares 0K Bitcoin Forecast — How It Compares to Other BTC Predictions

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