BTC | Crypto Profit Bot

Here’s how altcoin futures volumes and the USD lending rate signal market crashes

July 19, 2021

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Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data extracted from the blockchain. These indicators are constantly monitored and commented on by analysts and […]

Traders are withdrawing 2,000 BTC from centralized exchanges daily

July 13, 2021

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Surging BTC outflows from centralized exchanges suggest the Bitcoin markets could be in an accumulation. 7909 Total views 22 Total shares The number of Bitcoin held on centralized exchanges has consistently fallen since late May, with roughly 2,000 BTC (worth roughly $66 million at current prices) flowing out of exchanges daily. Glassnode’s July 12 Week […]

China’s miner exodus a ‘big net positive for crypto,’ Mike Novogratz says

July 1, 2021

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Despite China’s undermining, Bitcoin still exists and survives in lots of ways, Galaxy Digital’s CEO says. 856 Total views 5 Total shares As major miners are leaving China one after another following the country’s crackdown on Bitcoin (BTC), Galaxy Digital CEO Mike Novogratz has echoed other experts in seeing the migration out of China as […]

Data fails to conclude that Bitfinex shorts are depressing Bitcoin price

June 26, 2021

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One of the most common errors traders make when analyzing cryptocurrency markets is taking an exchanges’ bid and ask data and traded volumes at face value. When doing this type of analysis, the trader has to exclude the trading venues mentioned on multiple ‘fake trading volumes’ reports, like the one Bitwise published in March 2019. […]

Bitcoin heading for worst quarter since start of 2018 bear market

June 23, 2021

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Bitcoin is poised to post its worst-performing quarter since the start of the 2018 bear trend. The current quarter is also on track to be the second-worst on record for BTC in the almost eight years since the start of 2014. According to crypto data aggregator, Skew, Bitcoin is currently down nearly 46% for the […]

Listed companies, trusts and ETPs now control almost 7% of the Bitcoin supply

June 16, 2021

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More publicly traded firms added Bitcoin to their treasuries during the first four months of 2021 than during the entirety of last year. But will it continue? 5342 Total views 13 Total shares More than $6.5 billion worth of BTC — or close to 1% of the crypto asset’s entire capitalization — is held by […]

Tanzanian president urges central bank to prepare for crypto

June 14, 2021

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Tanzania’s president wants the country’s central bank to begin exploring Bitcoin and digital assets. 11389 Total views 183 Total shares Tanzania appears to be the latest emerging economy poised to embrace Bitcoin and crypto assets. On June 14, Tanzanian president Samia Suluhu Hassan urged the country’s central bank to begin exploring crypto assets. Hassan emphasized […]

New analysis sheds light on DOJ Bitcoin seizure, as JBS pays massive $11M ransom

June 10, 2021

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JBS USA Holdings Inc. has paid an $11 million ransom in Bitcoin to cybercriminals as new details emerge over the FBI’s recovery of assets from a previous heist. The payment, estimated to be more than 300 BTC at current prices, was made to shield JBS factories from further disruption. The firm is the world’s largest […]

How relevant is the $900M open interest on Bitcoin options above $100K?

May 31, 2021

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Bitcoin (BTC) is fast approaching its worst monthly performance in a decade, but some investors are using this as an opportunity to buy ultra-bullish long-term derivatives. There are currently over $900 million in call (buy) options aiming at $100,000 and higher, but what exactly are those investors seeking? Options instruments can be used for multiple […]

Everyone is buying the dip, but are they all buying BTC?

May 21, 2021

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Despite Glassnode charts showing Bitcoiners are filling their bags, exchanges are seeing record inflows as investors trade their BTC for ETH. 11504 Total views 19 Total shares Many retail Bitcoiners bought the dip amid this week’s crypto market bloodbath, with on-chain data showing the small guys have accumulated an additional 12,000 Bitcoin (BTC) in the […]

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