longs
Bitcoin’s Hashrate Edges Closer to the 30-Day Moving Average, Suggesting a Bullish Crossover
Bitcoin miners seem to be on the right footing as the hashrate is on an upward trajectory after nosediving by more than 50%.
Bitcoin Buying Power Remains Strong as BTC Holds Strong Support Despite Slight Retracement
BitMEX’s perpetual contract funding rates has returned to a neutral territory after longs were paying shorts significantly.
Jun 03: Crypto is not for the faint-hearted
Welcome to the world of volatility. Crypto never sleeps. Bitcoin got whipsaw squeezing shorts to trade above $10,400 on Monday only to get smashed down to $9,300 with fresh longs capitulated (see chart below).
May 25: Negative Rates Eating the World (but not Crypto)
Like Chinese ADRs in the US, it's a sea of red for crypto with Bitcoin down more than 5% in the past 48 hours as it fails to hold above 9k & 8.8k where stops got triggered. No news or catalyst but the lack of bulls to follow through was evident through the volume, and perhaps over this long weekend that the usual buyers haven't been able to pile onto their longs.
Hedge Funds Were Net Short Bitcoin Futures Coming Into the Crash
According to the Block, hedge funds were inordinately short CME bitcoin futures compared to their peers the past week. So much so that net short positions among the hedge funds trading the product were at an all-time high the past two weeks.
Second Bitcoin Whale Spotted Holding At Least 100,000 BTC Worth $2.8 Billion
For the first time since June 24th 2020, Bitcoin has a 2nd whale address with 100k+ BTC tokens held, according to on-chain data provider Santiment.
Why Bitcoin Traders Are Continuously Buying the Dip
Bitcoin (BTC) fell below the important support level of $52,000 yesterday, dropping to a low of $50,360.
Ethereum Addresses Hit a 35-Month High, ETH Price Predictions are Bullish
Although Ethereum is still significantly far away from its all-time high, analysts are predicting that Ethereum’s price has room to rise.
May 11: If You Can't Handle Me at My Worst, then You Don't Deserve Me at My Best...
What a volatile Sunday for Bitcoin as it plunged from $9,800 to $8,100 in a single hour, a very large outsized move for a weekend trading session that even Coinbase suffered an outage. There was no news/catalyst, instead I think it was a planned outsized sale that happened. A likely scenario is that a coordinated selling or take-profit via OTC and exchanges.
Caitlin Long's Avanti Crypto Bank Raises $5 Million Funding Round, Inches Closer to Banking Charter Approval
Avanti Financial Group, the crypto-focused bank, led by the Caitlin Long University of Wyoming Alumna, has taken another important step towards becoming a chartered crypto bank in the country. Caitlin Long is the founder and CEO of Avanti bank. The crypto bank has raised an angel round worth $5 million from several popular investors in cryptocurrency. The University of Wyoming Foundation led the funding round with partnerships from Malex Enterprises, Lemniscap, Antony Pompliano, Morgan Creek Digital, Blockchain Capital, Madison Paige Ventures, Gary Gigot, Digital Currency Group, Susan B. Anthony, and many others.
Uniswap’s UNI Token Sees Massive Price Plunge as Liquidations are About to Kick In
Uniswap's UNI token has experienced enormous sell-off pressure lately, as some UNI whales have been selling their tokens. What's next for UNI?
April 30: Will Leveraged $$ Bite Time Time?
Bitcoin heading to the moon today, up almost 20% over the past 24 hours. If you're new to cryptocurrency, welcome to volatility.
Oct 16 Trading Analysis: President Xi's Yawnfest...
In October last year, President Xi made a speech on blockchain that pumped Bitcoin over 40%. There was also some additional evidence for some "blockbuster headline" today with Shenzhen offering $10mil RMB worth of digital currencies to its people reported earlier in the week. Hence, the unusual expectations for Xi to announce something related to blockchain or BTC today. Unfortunately, he did not pump our bags. Instead, he was trying to hype Shenzhen as a serious contender to HK. Boring.