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Cryptocurrency News Articles
Binance Sees $85 Million in Trading Volume, Signaling a Possible Short-Term Bitcoin Peak
Sep 19, 2024 at 02:03 pm
Bitcoin (BTC) recently surged past $62,000 following a decision by the U.S. Federal Reserve to lower interest rates by 50 basis points.
Bitcoin (BTC) price recently surged past $62,000, driven by the U.S. Federal Reserve's decision to lower interest rates by 50 basis points. This move has led to a boost in the cryptocurrency market, with Bitcoin taking the lead.
However, data from Binance, the largest crypto exchange, suggests that this rise might be temporary and hints at a short-term price peak.
Binance Trading Volume暗示短期峰值
According to data from Glassnode, a large spike in spot volume on Binance has often been followed by a pullback in Bitcoin’s price. Similar spikes in volume occurred in August and were followed by drops.
This pattern suggests that Bitcoin’s current surge could be short-lived. Recent activity also shows that short-term Bitcoin holders, those who have owned BTC for less than 155 days, are taking profits. Over $750 million worth of Bitcoin was sent to exchanges for selling, the second-highest amount since August.
This strategy of selling during price increases supports the idea of a short-term peak, with many traders cashing out while prices are high.
CME交易者增加空头头寸
David Zimmerman from K33 pointed out that CME traders have increased their short positions by 5,500 BTC in the last two days. This shift suggests that traders are preparing for possible market volatility, especially with the recent Federal Open Market Committee (FOMC) meeting.
According to Zimmerman, falling premiums in CME futures and rising funding rates in perpetual futures are typically negative short-term signals for Bitcoin’s price.
美国比特币现货 ETF 面临资金外流
另据Spotonchain报道,有趣的是,在比特币价格上涨的同时,美国比特币现货 ETF 却出现了净资金外流,达5270万美元。其中,ARK 21Shares 比特币 ETF 出现资金净流出最多,达4340万美元,其次是灰度比特币信托和Bitwise 比特币 ETF。
🇺🇸 Spot ETF: 🔴$52.7M to $BTC and 🔴$9.8M to $ETH🗓️ Sep 18, 2024👉 The net flow for BTC ETFs turned negative after 4 days with inflows.👉 10/11 BTC ETFs saw non-positive flows yesterday, led by the #21Shares (ARKB).Follow @spotonchain and check out the latest updates about… pic.twitter.com/WR3D8utE8e
However, Grayscale Bitcoin Mini Trust saw a net inflow of $2.7 million, bucking the overall trend.
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- DOGE Pumps Hard: The Strongest Meme Token Dominating Crypto
- Sep 20, 2024 at 11:15 pm
- Doge, Shib, and Floki will be left whimpering as the real alpha storms in. Meet DOGEN – the baddest, most bullish meme token to ever hit the market.
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- Catizen's $CATI Token Lists on Multiple Exchanges
- Sep 20, 2024 at 11:15 pm
- Mantle's flagship game, Catizen, officially launched its token, $CATI, on multiple exchanges today, including Binance, OKX, Bybit, Gate.io, and Bitget.
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- Bitcoin (BTC) Price Didn't Skyrocket Following Fed Interest Rate Cut
- Sep 20, 2024 at 10:37 pm
- Crypto Tips posted a video on YouTube to describe why the Bitcoin price did not have a major price explosion following the Federal Reserve's decision to cut the interest rate by 50 basis.
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- Catizen Launches Its $CATI Token on Binance, OKX, Bybit, Gate.io, and Bitget
- Sep 20, 2024 at 10:37 pm
- Mantle's flagship game, Catizen, officially launched its token, $CATI, on multiple exchanges today, including Binance, OKX, Bybit, Gate.io, and Bitget.
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- How to Invest in Bitcoin: A Guide for Beginners
- Sep 20, 2024 at 10:30 pm
- Although Bitcoin was originally envisioned as a technology for payments, today most people consider it to be an investment asset—something to save in a Bitcoin IRA
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- Has Cardano (ADA) Price Already Peaked This Bull Cycle?
- Sep 20, 2024 at 10:30 pm
- An analysis by crypto expert Nick Regan suggests that Cardano (ADA) may face bearish pressure in the short term, despite potential for a brief upward movement.
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- Tezos Price Prediction: 2024-2030
- Sep 20, 2024 at 10:30 pm
- Here are some key highlights based on the safemoon price prediction discussed in this article:
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- Avalanche Struggles & Ethereum Price Surges; BlockDAG Finally Drops its Testnet While Early Backers Eye 30,000X ROI Ahead
- Sep 20, 2024 at 10:30 pm
- As crypto investors search for the best crypto to invest in, recent events surrounding Avalanche (AVAX), Ethereum and BlockDAG have grabbed their attention.
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- GoodEgg (GEGG): An AI-Driven "Play-to-Date" Cryptocurrency Contender to Artificial Superintelligence Alliance (FET)
- Sep 20, 2024 at 10:25 pm
- As the world of crypto AI continues to gain momentum, GoodEgg (GEGG), an AI-driven “play-to-date” cryptocurrency, is emerging as a contender