On-chain data shows the Bitcoin aSOPR metric has dropped to lows not seen since December 2018, suggesting that holder capitulation is deepening. Bitcoin aSOPR Plummets To Lows Not Observed Since Almost 4 Years Ago As pointed out by an analyst in a CryptoQuant post, the current capitulation is deeper than during both the 2015 bear … Read more
Several metrics currently suggest that the Bitcoin price is finally finding its bottom after another capitulation event, possibly triggered by the Genesis/ DCG/ Grayscale saga. This final miner capitulation may be imminent as miners are selling their BTC at the fastest rate since early 2016. In light of the new bear market low, some Bitcoin … Read more
On-chain data shows Bitcoin holders have been selling at large losses on the level of previous bottoms, suggesting that the final capitulation for the cycle may be here. Bitcoin 7-Day MA aSOPR Has Sharply Gone Down Recently As pointed out by an analyst in a CryptoQuant post, the BTC market participants may be coming close … Read more
After the US leader vowed to make a pariah of Saudi Arabia, his administration backed immunity for MBS over the Jamal Khashoggi murder in a legal filing The US government has determined that Saudi Arabia’s Crown Prince Mohammed bin Salman should be granted immunity for the 2018 murder of Washington Post journalist Jamal Khashoggi. The … Read more
Bitcoin (BTC) spiked to $17,000 at the Nov. 15 Wall Street open as fresh United States economic data continued to show inflation cooling. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Good” PPI boosts risk assets Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came closer to multi-day highs. Volatility had returned an … Read more
It’s the end of what felt like another very choppy week in stocks. And yet the S&P 500 SPX is in line to start the final session only about 1% or so below last Friday’s close. Uncertainty is hobbling the bulls. Many traders seem minded. given that the S&P 500’s year-to-date drop of 23% has … Read more
Bitcoin (BTC) worth over $600 million moved for the first time since the last bear market on Oct. 18, analysis has revealed. In a Twitter thread, monitoring resource Whalemap flagged a transaction involving 32,000 BTC. Buyer could be “willing to acquire” 32,000 BTC at $19,000 In the latest sign that current spot price is affecting … Read more
(Bloomberg) — The sentiment on stocks and global growth among fund managers surveyed by Bank of America Corp. shows full capitulation, opening the way to an equities rally in 2023. Most Read from Bloomberg The bank’s monthly global fund manager survey “screams macro capitulation, investor capitulation, start of policy capitulation,” strategists led by Michael Hartnett … Read more
Bitcoin BTC stayed rigidly tied to $19,000 into the Oct. 16 weekly close as analysts warned that volatility was long overdue. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: BTC volatility a “matter of time” Data from Cointelegraph Markets Pro and TradingView captured a lackluster weekend for BTC/USD as the pair barely moved in out-of-hours … Read more
David Commins The broader stock market closed higher last week, despite fading fast to the end. But those looking for a market shakeout should get some encouragement, according to Goldman Sachs. Stocks (NYSEARCA:SPY) (NASDAQ:QQQ) (NYSEARCA:DIA) (NYSEARCA:IWM) broke a run of three-straight losing weeks. But Friday’s swoon wiped out much of the gains. And retail investors … Read more