Whales continue to accumulate Bitcoin, faithfully buying the dip. Coupling that with decreasing exchange BTC reserves, the picture is clear: there will be a liquidity crisis in BTC in the not-too-distant future, and it probably wont be too long before the idea of it becoming self-fulfilling catches on. https://learn.eqonex.com/news/daily-btc-analysis-206 |
|
|
|
Evergrande is likely to have defaulted come the end of the week. It'll likely dominate the news for a few more days, and then, we can move onto the US debt ceiling. The world's largest holder of US treasuries? China. With the world's markets facing a potential period of risk-off, a quick resolution to the US debt ceiling could become essential. https://learn.eqonex.com/news/daily-btc-analysis-205 |
|
|
|
Bitcoin has fallen 7% on the day as the world's markets turned their attention to a potential debt crisis brewing in China. As we all know, debt crises are super easy to solve: You just print more money and they go away, as per the FED. https://learn.eqonex.com/news/daily-btc-analysis-204 |
|
|
|
The other thing with slow news weeks (and slow sideways markets), is the need to dig for a story. We have discussed previously that on-chain activity is lacking upside momentum. Ideally, price rises should equate to increased engagement as Bitcoin spreads to the masses. https://learn.eqonex.com/news/daily-btc-analysis-203 |
|
|
|
On top of enjoying the collateral boost, EQO-D holders will be automatically enrolled in the EQO-D Trading Competition where the top 10 most profitable Perpetual traders will share a prize pool of $50,000 USD in BTC. Get EQO today to maximize your EQO-D allocation, and win your share of the $50,000 USD prize. eqonex.com/eqodollars.  |
|
|
|
US players have been selling USD on rallies recently, as US and UK inflation data has surpassed expectations. This has slowed Bitcoin's advance and given us a quiet trading session, as well as a lack of news: The dollar is now front and center as we look for BTC to launch another pass at $50,000. https://learn.eqonex.com/news/daily-btc-analysis-202 |
|
|
|
With another 2.5% gain today, Bitcoin has seen back to back positive days. Whales have continued to add to their positions. Couple this with the fact that the supply held by long term holders is breaking ATHs, and the market is looking strong. Will we break up through 50K again this week? https://learn.eqonex.com/news/daily-btc-analysis-201 |
|
|
|
The 3 month moving average of coin flow to and from exchanges paints a clear picture: Since March 2020, Bitcoin has been hodled off-exchanges. With nearly 80% of all BTC now belonging to long term holders (a level last seen in October 2020), I’m starting to wonder why anyone would want to part with theirs. https://learn.eqonex.com/news/daily-btc-analysis-200 |
|
|
|
Last week we asked who will follow El Salvador: A new poll suggests that public opinion in Brazil supports El Salvador's move and would welcome Bitcoin as legal tender. “Brazilians were the biggest advocates of crypto-recognition in the region, with 56% supporting El Salvador’s approach and 48% saying they want Brazil to adopt it as well…” Will Brazil be next? https://learn.eqonex.com/news/daily-btc-analysis-199 |
|
|
|
Inflows to exchanges picked up and miners reduced their selling. More of a concern than that, however, is that if we look at Bitcoin's average retracement, it lasts between 7-12 days. We're on day 3, and the bears may not be done just yet. How big will this dip get? https://learn.eqonex.com/news/daily-btc-analysis-197 |
|
|
|
The next 4-5 days will be telling: Should we move back above 47.5K, then a return to 50K is on the cards. Yesterday, the sold coins left exchanges. While this is a positive sign, it's too early to tell if this trend will continue, given yesterday's price action. Will we make it back above 50K this week? https://learn.eqonex.com/news/daily-btc-analysis-196 |
|
|
|
Leverage is to blame for today's move. When this happens, prices swing wildly. A sweeping move below 50K triggered the avalanche: The people of El Salvador sat down to lunch and experienced their first taste of what it's like to open a Bitcoin price-tracking app and blink. Welcome. https://learn.eqonex.com/news/daily-btc-analysis-195 |
|
|
|
We can't rule out a little intervention from our favorite press office, especially on a Friday evening, but baring any FUD, I'm hoping for one of those crypto weekends where checking your phone is followed by, "Oh, that's nice, everything has gone up again." Very optimistic, I know, but we're allowed to dream. https://learn.eqonex.com/news/daily-btc-analysis-193 |
|
|
|
The market printed above 50K, but was unable to sustain the momentum needed to drive prices through the wall of resistance. But with exchange balances falling once again, this sell wall at 50K will not persist forever. https://learn.eqonex.com/news/daily-btc-analysis-192 |
|
|
|
We are seeing the rotation from Bitcoin into alts in real-time: with wallets of both larger and smaller holders all showing the same behavior—selling. Is the rotation into alts a sign of an early crack in this rally? https://learn.eqonex.com/news/daily-btc-analysis-191 |
|
|
|
|
Show Posts
