thebull_crypto | Cryptocurrency

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NO BULL NO GAIN! Market analysis & recaps, scalping leverage calls, binance altcoin signals and real time news. Disclaimer: My channel is not financial advise, its my observation and opinion. Twitter: twitter.com/thebull_crypto

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The Bull

Digital asset investment product flows cooled off, with relatively minor outflows totalling $11.2m. This run of negative sentiment over the last 7 weeks now totals $342m

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The Bull

The altcoin market continues to bleed out for a few days in a row now. Take care!

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The Bull

Bitcoin hashrate continues to rise, hits an all-time-high

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The Bull

The short-term correlation between Nasdaq tech stocks and Bitcoin has turned positive, indicating the two are moving more in step

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The Bull

Despite BTC surging by 75%, trade volume continued to fall in 2023 with nearly all exchanges registering double-digit declines in July relative to the year before.

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The Bull

#Bitcoin bearish retested. My point of view - this is not bull market.

I am still watching the market as its getting messed, to me it is better to keep my assets in stablecoins than to enter any position(s), at this moment the market sentiment is quite bad.

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The Bull

BTC's inverse correlation with the U.S. Dollar has significantly weakened in 2023, dropping from -61% to -10%

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The Bull

#Bitcoin stucking below $31,000 level.

I personally think it's not bullish yet.

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The Bull

Cumulative stablecoin trade volume in 2023 is greater than $3 trillion, with Tether dominating.

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The Bull

Introducing the Arkham (ARKM) Token Sale on Binance Launchpad!
https://www.binance.com/en/support/announcement/6ad1921b56fb4b369f9cf3e4449e62e2

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The Bull

Mining companies stocks are rising suddenly.

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The Bull

Binance Will List Pendle (PENDLE) in the Innovation Zone
https://www.binance.com/en/support/announcement/56c9c5899f3747b2b9a0452450f5eb24

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The Bull

MicroStrategy has announced another Bitcoin Purchase.

What are the total Bitcoin amount, costs, and current value that MicroStrategy invested in?

Total Amount: 152,333
Total Cost: $4.553B
Current Value: $4.598B

Source: CryptoQuant

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The Bull

Coinbase saw more buying compared to selling over the past few days, while the opposite trend occurred on Binance

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The Bull

Bitcoin illiquid supply reached a new ATH of 15.2M BTC this week, whilst exchange balances have fallen to the lowest levels since Jan 2018 at 2.3M BTC.

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The Bull

Binance Encourages Users to Convert BUSD to Other Stablecoins Prior to February 2024
https://www.binance.com/en/support/announcement/d392843e81fd4bc3a5f7e219aa01f34d

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The Bull

Binance's BTC and ETH futures market share has continued to fall while OKX's has grown from 18% to 26% this year

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The Bull

Bears are working on it!

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The Bull

The ETH open interest on CME is near a 1-year low

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The Bull

CME's Bitcoin futures market in July saw a volume of $55.78 billion, the highest level since January 2022

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The Bull

Crypto markets have become more concentrated over the past three years, with the bulk of trading activity in 2023 happening on just one exchange — Binance.

In contrast, back in 2020, the largest trading platform accounted for only 24% of the total global trade volume, while the combined trade volumes of the two largest platforms was still below 50%

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The Bull

Binance is facing growing competition from offshore exchanges. Since the start of 2023, OKX (9%), Huobi (5%), and Bybit (8%) have all gained market share.

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The Bull

The crypto and blockchain sector saw $2.32bn invested in Q2 2023, marking a new cycle low and the lowest since Q4 2020, continuing a downtrend that began after a peak of $13bn in Q1 2022.

Crypto and blockchain startups raised less money across the last three quarters combined than they did in just Q2 of last year.

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The Bull

Bitcoin mining stocks have surged between 280% and 420% YTD, outperforming spot BTC prices.

Miner revenue has increased in Q2 driven by rising BTC prices, excitement around BRC-20 tokens and the emergence of Ordinals, which have created additional revenue streams.

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The Bull

Bitcoin supply unmoved for at least one year reached an all-time high in June — approximately 70% of the circulating supply.

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The Bull

The number of unique wallets that use 1inch has crossed over the 1 million mark in June, surpassing the previous peak of 2021

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The Bull

#Bitcoin realised volatility has normalised with spot stuck between $29k and $31k for a week.

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The Bull

Bitcoin

$32,000 area is now act as key resistance level.

Critical support at $24,500

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The Bull

BREAKING: 🇺🇸 The SEC has allowed for the launch of the first leveraged #Bitcoin Futures ETF in the United States.

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The Bull

#Bitcoin: 1D Analysis

Bitcoin is in the wedge. The price is preparing for a breakout of the pattern on the both sides in coming weeks and the next move is expecting to be big.

The high volatility in Bitcoin is expected for both sides. Lower your risk is a must.

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