Bitcoin COT data reflects an increase in bearish sentiment among large speculators. Major funds have been actively increasing their positions last week. Sales grew 12%, purchases - 8%, which led to an increase in the net position for a decrease in BTC by 29%. At the same time, the net position became the maximum over the last month. The continuation of this trend may contribute to the decline in bitcoin's price.
BinaryMan July 26, 2020 Reply
Bitcoin miners stay in the game. Although the hash rate, having reached an all-time high, nevertheless began to decline, the difficulty of mining remains at an all-time high. How long miners can stay in the game, working at a loss, is a mystery, however, as elsewhere, the mood factor can significantly influence here. As long as the value of bitcoin remains in a sideways price trend, miners do not lose hope. With their persistence, they inspire hope in other market participants, however, on the other hand, at the same time, they put pressure on the market due to the need to sell coins to maintain their business.
PancakeKing July 25, 2020 Reply
The bitcoin dominance index is at the level of December 2017. So far, this is the only coincidence with that period. It was in December 2017 that crypto-FOMO reached its all-time high. Bitcoin and even altcoins in general have entered the mainstream. The decline in the dominance of bitcoin (and hence the growth in demand for alternative cryptocurrencies) fueled the trend for the entire crypto market to rise, creating a looped rush in demand. Of course, at the moment the situation is completely different, however, the decline in the bitcoin dominance index, as in December 2017, is a positive sign for the market.
Know1tAll July 25, 2020 Reply
Bitcoin hit a monthly high, reflecting the return of buyers' interest. For the most part, this can be caused by the persistent weakening of the dollar, which forces investors to look for ways to protect their capital from depreciation. Now Bitcoin is at a very important stage, since the violation of the correlation with the stock market can create an additional impetus for buyers attracted by the independent dynamics of the asset in an environment when there are almost no safe havens.
GeoTagsOff July 24, 2020 Reply
The Bitcoin Gold Correlation Index exceeded 40%, reaching its highest level in the last four months. At the end of April, this index fell to record lows (-42.8%). The interdependence between the two assets is growing amid the desire of investors to find tools that can protect their savings from inflation. At the same time, there are signs of an imminent weakening of the correlation between Bitcoin and the American S&P 500 indicator. Now this indicator is at its maximum.
BinaryMan July 24, 2020 Reply
Bitcoin hashrate, which peaked on July 8, is showing a consistent decline, which is logical given the need for miners to operate at a loss. However, this process has not yet affected the complexity, which is currently at an all-time high. The desire to maintain market share among miners is becoming another factor in supporting the first cryptocurrency.
Icy Sun July 23, 2020 Reply
Bitcoin demonstrates 4% growth over the week. Bitcoin surpassed the 50-day average and hit a monthly high, reflecting the return of buyer interest. For the most part, this can be caused by the persistent weakening of the dollar, which forces investors to look for ways to protect their capital from depreciation.
Julius_Irwin July 23, 2020 Reply
In 2020, there is a high correlation between the quotes of bitcoin and American stocks. In July, this figure reached 90%, this is the maximum since 2011. At the same time, experts doubt that we have entered a stage of long-term growth of BTC. The surge in cryptocurrency was the result of capital inflows into risky assets. To overcome the psychological barrier of $10000 and reach levels of $30000-40000, bitcoin needs additional capital inflows.
RichardDd July 22, 2020 Reply
Bitcoin increased by 2% per day and is traded at about $ 9350. Along with the price, trade volumes also increased by 33%. A number of positive news factors that caused the stock market to rise have pushed Bitcoin up as well. As is often the case, altcoins followed. According to CoinMarketCap, the total capitalization of cryptocurrencies per day increased by $5 billion to $276 billion. Fans of technical analysis are currently watching the price test of the 50-day moving average, which is now taking place. A confident consolidation above may become a significant signal for the dynamics of the rate for the coming days and weeks. In addition, the intermediate round level 9500 may also be significant.
Kim Lou July 22, 2020 Reply
I don't know what will help bitcoin break out of the current range. Perhaps it just takes time. All events in the macroeconomic space, including the amount of quantitative easing and fiat that is entering the economy, will sooner or later help bitcoin break out. The stock market is a thousand times larger than the cryptocurrency market. When there is a correlation with the stock market, people lose a lot of money. Many cryptocurrency owners want to convert their investments into fiat money.
Alexzander July 21, 2020 Reply
Observers and participants are receiving further confirmation of Bitcoin's correlation with the stock market. In this regard, there are more and more concerns about the scale of the negative effect that could sweep across all markets at once if the bubble in the stock market still begins to burst.
TooSmart July 20, 2020 Reply
Daily bitcoin's volatility of did not exceed 5% for 24 days. The same series of 27 days was in the spring of 2019 and ended on April 1 - then bitcoin grew by 31% in a month. A series of 29 days of low volatility also happened in the fall of 2018 - then the bitcoin rate fell by 48% in a month.
Crypto_Bro July 20, 2020 Reply
Bitcoin volatility has reached its lowest levels, and BTC trading volumes have also decreased. However, many experts believe that the consolidation of the first cryptocurrency should end with a powerful movement in the course. The Bitcoin Volatility Index has been at its lowest over the past few months. Within 30 days, this indicator dropped to its lowest level since mid-2017.
Niki474 July 20, 2020 Reply
Bitcoin COT report data reflects the rise in bullish sentiment among large speculators. Large funds continued to increase their positions in the last week. Purchases were increased by 6%, sales - by 2%, which led to a decrease in the net position for a decrease in BTC by 12%. At the same time, the net position again approached the minimum levels for the last 3.5 months. The continuation of this trend may contribute to the growth of the cryptocurrency. The number of large buyers increased by 4, to 41 over the week. At the same time, the number of large sellers increased by 2, to 29. New market participants are arriving, and the situation is gradually becoming less bearish. Small speculators mainly reduced their purchaseslast week, which have decreased by 8%. Small speculators were marked by an increase in bearish sentiment, but this group of traders usually does not have a significant impact on the market.
Shantanio July 19, 2020 Reply
The network hashrate does not even think to decrease. We are seeing an increase in complexity that is reaching historic highs. The situation is reminiscent of the traditional market, where the actual performance deteriorates and the estimates improve. Obviously, sooner rather than later, the market will have to go through balancing. Although, of course, against the backdrop of such a fanatical faith of miners in the future of Bitcoin, enthusiasts believe that they know a little more than other market participants.
Upp3ercut July 18, 2020 Reply
Bitcoin has been in a debilitating sideways price trend for two and a half months. It began in the midst of a global lockdown in late April. However, it looks like bitcoin never got out of this state. In addition to weak price dynamics, trading volumes have also been declining for 2.5 months - еhey are now 80% lower than at the end of April.
Phil0mena July 18, 2020 Reply
The sideways price trend of bitcoin persists, which is both good and bad. The decrease in trading volumes to $15 billion suggests that the current levels are not interesting to most players for buy or sell deals, but they allow keeping the rate above $9000. On the other hand, a long lull almost always ends with a surge in volatility.
OrdinaryBillionaire July 17, 2020 Reply
Bitcoin volatility has dropped to an eight-month low. Such a long period of weak volatility precedes a storm. Moreover, BTC can either soar to a new maximum or collapse to lower values.
ArtGamer July 16, 2020 Reply
Miners are selling bitcoin, but it is still receiving support from $9000. In the short term, market sentiment can only improve if Bitcoin can recover at least some of its losses and return to its recent trading range near 9500.
Carlit0oo July 16, 2020 Reply
Bitcoin does not show a weakening correlation with the stock market. Bitcoin has a particularly strong connection with S & P500, where the correlation currently reaches 95%. You should be extremely careful to monitor what is happening around the traditional financial market, as the current realities are such that the sale can begin abruptly for all assets at once. In the meantime, we see a long anemic dynamics, and hardly anyone can now associate this with the vacation period, since everything looks just like the calm before the storm.
Crypto Shark July 15, 2020 Reply
Bitcoin is changing hands for $9200, remaining within a long-term sideways with a reduced trading volume of about $ 16 billion. The FTX low-capitalization index from FTX has shown growth of 144% since the beginning of the year, almost 2 times exceeding the same indicator for bitcoin. Thus, no matter how popular Bitcoin is, cryptocurrencies small in capitalization still attract the attention of retail investors seeking to find a new "unicorn".
BeZzzos July 15, 2020 Reply
Miners' earnings fell 26% in June. The growth of the hash rate supports the complexity of the calculations, and there's quite negative basis for the work of miners. So far, they are trying to maintain market share, but after halving and in case of correction, the inevitable will happen: the miners will still have to leave the market, having sold out the latest bitcoin savings. Thus, it is after the coin price falls, after the miners leave and the sale of mined coins is stopped, the market can begin to balance.
Carlit0oo July 14, 2020 Reply
The current sidewyas trading has been going on for 2.5 months, and this is quite a lot for the cryptocurrency market. In the case of bitcoin, no matter how volatile the asset may be in the short and medium term, in the long-term format, the digital currency shows growth. Since the beginning of 2020, bitcoin has grown by 29%. Over the past 3 years, almost threefold growth.
Torsten July 14, 2020 Reply
The historical volatility of Bitcoin is approaching around 40. After the indicator reached such low levels previously, a price downward movement of 30-60% followed during the next few weeks. From current marks, this is an increase to $12200, or a drop to $6500. Fasten seat belts.
Icy Sun July 14, 2020 Reply
The bitcoin's sideways price trend has been going on for more than 2 months. Along with anemic price dynamics, a fall in trade volumes is also taking place, since the beginning of May, it has decreased by 73%. The inability of BTC to steadily overcome the threshold of $ 10,000 is completing the negative picture. At the moment, we are no longer talking about a breakthrough of the most important psychological and technical level, but about not slipping into a large-scale sale.
Davidio July 14, 2020 Reply
Bitcoin sideways trading lasts from the beginning of May amid a decline in trading volumes, which since May 1 fell by 73%. It is difficult to see in the statistics of recent months the formation of the basis for the sharp growth of bitcoin. It’s even more difficult to imagine price levels like alpha-bullish $ 70,000. But it’s easy to imagine the formation of conditions for a "perfect storm", which in this case can work when the sideways combination reduces trading volumes, besides there is a correction in the stock market and an acceleration of the miners' departure.
Danni_Depp July 13, 2020 Reply
COT Bitcoin reporting data reflects bearish sentiment among major speculators. Large funds last week actively increased their positions after a month of expiration of futures. Sales increased by 9%, purchases - by 6%, which led to an increase in the net position for a decrease in BTC by 21%. At the same time, the net position began to grow from the levels minimal over the past three months. A continuation of this trend may contribute to a decrease in cryptocurrency.
ArchGabriel July 12, 2020 Reply
It is difficult to see in the statistics of recent months the formation of the basis for the sharp growth of bitcoin. It is even more difficult to imagine price levels like alpha bullish $ 100K (in 2017, fantasies reached 500K). But it’s easy to imagine the formation of conditions for an ideal storm, which in this case can work when the sideways combination is combined with a decrease in trading volumes, plus a correction in the stock market and plus accelerated miner withdrawal. Of course, as in the case of the growth of the stock market, which denies gravity, cryptocurrencies can also show positive spikes, but many failed attempts to take $ 10K have already convinced investors that in the short term, bitcoin does not have enough momentum to continue growth. Now it’s only a matter of time before the market begins to balance out.
Harr1ot July 11, 2020 Reply
The first cryptocurrency in the world, created by the Japanese programmer Satoshi Nakamoto in 2009, is at the top of the rating. Today it is the most popular virtual currency on the market and although its legal status may vary in different countries, bitcoin transactions are allowed in Japan, Canad...