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Btcwhales

Bitcoin Momentum Whale activity. Future Web 3We see the last execution of the Bear Triangle pattern, from the beginning of the bear market on November 21, 2021. Starting from May 5, the formation of the second identical pattern began, now we have come to its execution, this explains the instability of prices. Everything points to a fall. The price is not stable, as is the mood in the economy. The exit from the bear market will be associated with the introduction of a new technology of interaction on the Internet, and is also directly related to the simplification of the interaction of cryptocurrencies - Web3. On the previous publication on Sunday on TV, the price in the Fibonacci range is 0.618 on the screenshot. For today, the price remained in this support range of 0.618 Fibonacci, there was no breakthrough. We see by the momentum indicator of active addresses that the trend is increasing. The On-chain transaction volume indicator has noticed a high activity of whales at the mercy - this indicates strong support. Local Fibonacci Levels: 0.5 = 20270 0.382 = 21221 From these levels, we can see sharp drops or increasing support for payoffs. I expect the price to continue the upward movement of Bitcoin! The Bitcoin Economic Forum is approaching on October 4-5, the event will be held in Dubai. Not financial advice, my opinion.
BITSTAMP:BTCUSD
by GarateTradeCrypto
BTC- Key things to look out forTotal exchange volume, after reached ATH in early Jan, has since come back down, but is still much higher than it was a year ago. Fundamental- Grayscale’s Crypto AUM has recently surpassed $30 Billion lvl and it was mostly driven by hedge fund involvement. Average commitment is in uptrend as well. Fidelity Digital Assets President Tom Jessop is bullish on BTC along with Ray Dalio and Jordan Belfort (probably shouldn't mention him in the sentence as Dalio), both of them have been vocal critics of BTC until recently. Ray Dalio even went as far as claiming BTC as an alternative to gold-like assets. Crypto exchange River Financial recently launched a mobile platform for iOS, aiming specifically at the demographic over 50s. If boomers join the BTC bandwagon, their wealth can become a powerful driving force of BTC's price Derivative- CME's leveraged funds have been steadily reducing their short positions since late Dec. BTC futures volume, after reached its peak in mid Jan, has since come back down, but is still hovering around Dec. lvl. BTC futures OI on Binance, Okex and CME has exceeded 2 billion few days ago and is still at elevated lvl despite a minor drop today. Funding rate suggests that traders are moderately bullish On-chain- Recently, over $550 Million of BTC was transferred out of Coinbase Pro, which potentially indicated less selling pressure and more Hodl activity. The # of Bitcoin whales (entities holding ≥ 1k $BTC) is still increasing In January, more than 22.3 million unique addresses were active in the network sending or receiving $BTC, the highest monthly number in Bitcoin's history to date SOPR has recently reached 1, which means ppl are now less willingly to sell below the break-even price unless majority of them believe price will drop further because we are still in the bear market, which is an unlikely scenario. This could potentially mean the end of profit-taking and the resuming of uptrend. USDT issuance continues to climb up steadily so is StableCoin Supply Ratio (SSR), which might indicate more buying pressure to push up the BTC price.
by Libratus
2
BTC's moment of truthHi guys! Please like the post and follow me if you find my post useful! Much appreciated Halving is just a few weeks away. The whole narrative about halving being BTC's watershed, a major turning point that would propel the next BTC bull run, has investors and traders anxiously waiting for the day of reckoning to arrive. Will it arrive on time or will it arrive late? Will it even arrive at all? Can the current consolidation and sideway movement be interpreted as the slow build-up toward the explosive price movement? Derivative market has been quiet and sending out mixed signals, with big three (Bitmex, Okex and Binance) all seeing increase in OI, but decline in volume. There are some good news on the institutional side. According to glassnode, the number of Bitcoin whales with at least 1,000 BTC to their name is now higher than at any point in the past two years. Both Grayscale Bitcoin trust and Grayscale Ethereum trust experienced record quarterly inflows of $388.9 million and $110.0 million, respectively, according to the most recent Grayscale report. In addition, 88% of investment in Q1 came from institutional investors, dominated by hedge funds, further signaling the increased institutional demand. Perhaps, coincidentally, last BTC bull run that started in Nov. 2015 was also initiated by the same low volatility market condition that BTC is experiencing now. Lastly, one can simply never overlook the power of the recent tether issuance. To me, the best long opportunity is 5.8k to 6.5k if the price gets there. This will be the first economic downturn in Bitcoin's history and how Bitcoin handles it will have the profound impact on the investor's perception of its scarce digital gold status. Some may say that it will forever just be the speculative asset and some may even argue that it will go to zero and that its whole 11 years of existence is just one gigantic bubble. Whatever the case may be, it will not be a quiet affair.
COINBASE:BTCUSDLong
by Libratus
1
Pesky BART & BTCFigured I'd do a little comparing here... so the strongest of the Bart Formations in the past few weeks, I went back to May 23rd just in the sense of working quickly. But it seems that these formations are 11hours in length at the shortest, and can last up to nearly a whole day. NOW, the last 2 successive Barts, and arguably the strongest in the past weeks, were exactly 19 hours in length. Starting @0700 and ending at 0400 the next day. Coincidence? Or are the whales tweaking their algorithm to find the best windows?
COINBASE:BTCUSD
by mikehobart