Crypto World Official

2022-03-02 11:57:07 BTC Dominance:
Bitcoin's Dominance also rose along with its price indicating the price increase of BTC was larger compared to the price increase of Alts.

Alts are lagging to BTC price increase. Many alts have not seen the same bounce in their BTC pair due to BTC's quick bounce, but it is good to remember that an increase in BTC price will always be good for Alts in mid/long term. Alts will follow the BTC rally

Many Alts are also near a 1 year bottom. We can expect a bounce in Alts too considering that BTC continues its uptrend for a longer period.

With the global market condition, make sure to plan your trade


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2022-03-01 03:16:02 This heatmap presents the #Bitcoin accumulation score for each wallet cohort.
indicates entities are adding to their balance.
indicates entities are not accumulating.

Most #Bitcoin wallet cohorts are now in net accumulation, with smaller holders being the most aggressive. It’s time to pay attention to the small holders accumulating
SOURCE HERE


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2022-02-28 16:15:25 Fear and Greed Index

The index shows a value of 20 indicating extreme fear. Uncertainties continue as the Ukraine and Russia crisis remain.

Take note of the FOMC meeting coming up this March 15-16. Possible Fed rate hikes are looming creating uncertainties in the market


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2022-02-27 11:29:19 Bitcoin: UTXO Realized Price Distribution

Cost Basis Distribution of Unspent Bitcoin Due to Transactions (UTXO)

Current Price
In Profit
Underwater
Most Coins Held (Top 5)

SOURCE HERE


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2022-02-25 21:31:47 Here’s how market reacts with events related to war/invasion and the reason why we are seeing a more bullish forecast


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2022-02-25 11:54:07 Bitcoin aggressively squeezed to 40k

Huge spot volume at the bottom - 34k held
Spot sellers ran to derivative market to hedge short at the bottom, open interest rose dramatically
They just became forced buyers into illiquid books

SOURCE HERE


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2022-02-23 18:56:16 Feb23 #Bitcoin:
As mentioned from yesterday’s chart, BTC gave a very good bounce from the support and jumped close to $39000. We suggested to open LONG trades and produced very good results as Bitcoin’s price went up by nearly $2500. On the chart, $39000-$39500 now works as a resistance area and $36200 as a support.

Crypto and Global markets bounced in the last 24 hours after Biden had a conference last night. We also did not hear any further negative news regarding the issue between Russia vs Ukraine which resulted in a small bounce.

We have to closely watch the Russia vs Ukraine situation which can influence the market in either direction.

FED interest rate hikes will be another topic which creates speculation in the market for the coming days.

Bitcoin Option Expiry on Feb 25 which the max pain point is $40000 as per Deribit Data.

If you followed our call yesterday, let us know! Glad to be sharing our analysis with all of you! Open / Comment

2022-02-22 08:37:36 Feb 22: #Bitcoin
All markets are in heavy correction due to the tension between Russia and Ukraine. Bitcoin was not able to cross $40k; checking next support at $36180. Possible long trade close to support with SL $36000.

If $36k breaks, next support will be $33k.


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2022-02-20 18:10:53 Purpose Bitcoin ETF Flows

Canadian Purpose Bitcoin spot ETF just saw one of its biggest inflows ever on Friday.

Adding almost 1.2k $BTC in one day and now totaling 32.26k Bitcoin on its AUM.

This rise may be related to the unrest on its banking services in which the government and banks can freeze an individual's account without due process.

SOURCE HERE


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2022-02-17 19:50:50 Bitcoin Super Cycle Dynamic
We may find similarities of Bitcoin cycle from 2019-2020 to our current market cycle. This led to the conclusion that we may be seeing the start of a new cycle this year.

SOURCE HERE


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