|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin (BTC) Price Poised for Short-Term Volatility as Options Expiry Nears, But Market Sentiment Remains Bullish
Sep 27, 2024 at 11:00 am
Bitcoin [BTC] was poised to see short-term price volatility due to the options expiry at the end of the week. A recent AMBCrypto report also noted that the rise in exchange reserves could spark a bout of selling.
Bitcoin [BTC] price volatility was expected to be high in the short term due to the options expiry at the end of the week. A recent report by AMBCrypto also noted that the increase in exchange reserves could spark a round of selling.
The MVRV metric showed that Bitcoin is facing a crucial resistance, the breaking of which could lead to a strong price uptrend. The 155-day MA’s break could set the market up for a rally like the one that began last October.
The Bitcoin spot ETF flow table showed that the total flows of the past two weeks have a positive trend. This outlines the bullish expectations among retail investors.
The 30-day net change in holdings also turned positive, as noted by Ki Young Ju in a post on X.
Spot ETF spurs rising buying pressure in the United States
Founder and CEO of CryptoQuant also highlighted that the U.S. Bitcoin reserve ratio is rising, likely due to the demand for the spot ETF. The increase has been slow but steady over the past fourteen months.
In the past two cycles, a rapid increase in the U.S. reserve ratio came a few months before Bitcoin reached the final phase of the bull run.
If the pattern holds up once more, a rapid increase in the U.S. reserve ratio could be an early sign of a potential BTC bull run.
It also begins to decline noticeably about 4–6 months before the cycle tops. While these observations do not guarantee a similar performance during this run, it is something else for investors to keep an eye on.
Bitcoin Coinbase premium showed demand has not peaked
The spot ETF flows, and the reserve ratio, showed that demand from the United States was on the rise.
However, a glance at the Coinbase Premium Index showed this demand was not high enough to command a large premium.
Coinbase, one of the largest crypto exchanges available to U.S. investors, tends to see a high Bitcoin premium during a bull run. This was true during the 2020-21 run.
Read Bitcoin’s [BTC] Price Prediction 2024-25
It also applied to the rally that began in October 2023 and continued till March 2024.
The low Coinbase premium does not erode the previous metrics’ findings, but reinforces the idea that a bull run was not yet in play.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- $1 Deposit Online Casinos – Ports of Vegas Casino – 333 Free Spins!
- Sep 27, 2024 at 05:00 pm
- Working under jurisdictions with fewer regulations, these online casino platforms can be reached by a global audience, including United States players. But not, the best crypto casinos don’t just focus on providing a diverse game selection. They come up with generous bonuses, beckon with user-friendly interfaces, and guarantee fast cryptocurrency transactions.
-
- Spot Bitcoin ETFs See Largest Inflows Since July as Ether Funds Flip Back to Outflows
- Sep 27, 2024 at 05:00 pm
- exchange-traded funds in the U.S. recorded total daily net inflows of $365.57 million on Thursday, the largest since late July. Thursday's inflows extended the positive run to its sixth consecutive day, according to Sosolvalue data.
-
- Rollblock (RBLK) Token Presale: A New Challenger to Binance Coin (BNB) and Avalanche (AVAX)?
- Sep 27, 2024 at 04:55 pm
- Buoyed by its impressive features and standing, Rollblock's native token is likely to rival tokens such as Binance Coin (BNB) and Avalanche (AVAX).
-
- Cutoshi (CUTO) Presale Steals Limelight as Shiba Inu Goes For Record Token Burning
- Sep 27, 2024 at 04:55 pm
- As the crypto market continues to mature, both new and long-standing projects are growing at a fast pace. This leaves investors in a dilemma
-
- Binance (BNB) Coin Signals Return of Bullish Sentiment Despite Regulatory Hurdles
- Sep 27, 2024 at 04:55 pm
- Less than four days to the end of the dreaded September, Binance Coin (BNB) $606.9 24h volatility: 1.9% Market cap: $88.55 B Vol. 24h: $1.22 B has signaled the return of the bullish sentiment.
-
- Ghostly Manor: Lagotronics Projects Installs “World’s First Gameplay Theatre” at Paultons Park in the UK
- Sep 27, 2024 at 04:55 pm
- An innovative dark ride has been installed by Lagotronics Projects and partners at Paultons Park in the UK. The company say Ghostly Manor will be the “world’s first gameplay theatre” combining an endless ride system, immersive media scenes, decorational scenes and innovative interactive technology.
-
- Proof of Stake: A Comprehensive Guide
- Sep 27, 2024 at 04:55 pm
- Proof of Stake (PoS) is a consensus mechanism used to validate new transactions and propose new blocks in blockchain networks.
-
- Estee Inu: The Viral Dog Behind the Shiba Inu Token
- Sep 27, 2024 at 04:55 pm
- The viral dog behind the Shiba Inu token called Estee have taken X with storm over the last few days. As we all know Shiba Inu became one of the biggest
-
- Theta Labs Introduces EdgeCloud for Mobile, Allowing Users to Contribute Their Phone's GPU Power to the Network and Earn TFUEL Tokens
- Sep 27, 2024 at 04:55 pm
- There are about 3.9 billion active Android devices in the world today. Theta Labs sees this as an opportunity to use all that power to make their decentralized