Massive Mt. Gox Bitcoin Shift Unlikely To Disrupt Prices, Says CryptoQuant CEO
Recent developments surrounding the repayment of creditors and investors of the defunct Bitcoin (BTC) exchange, Mt. Gox, have sparked concerns about potential effects on Bitcoin’s price. As the market retraced over 20% from its three-month high above $70,000, the movement of 47,000 BTC to repay creditors has raised questions about the market’s stability. However, industry experts, including CryptoQuant CEO Ki Young Ju and Alex Thorn, head of research at Galaxy Digital, have offered insights into this development, suggesting that the impact on BTC’s price may be less....
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A recent analysis from CryptoQuant has revealed that institutional investors have shown a notable level of activity in the Bitcoin market, snapping up a substantial 100,000 BTC over just one week. Particularly, in the past month, these entities with wallets holding 1,000 to 10,000 BTC have shown massive inflow levels that effectively match what was seen during March when US-based exchange-traded fund (ETF) introductions were at their peak. This purchase surge is particularly noteworthy when Bitcoin prices saw a significant dip last week, trading as low as below $54,000 for the first time....
Popular technology and start-up blog TechCrunch announced on Wednesday that they would be accepting bitcoin for admission to their Disrupt event taking place at the Manhattan Center in New York City. Disrupt is a technology conference that focuses on bringing together tech startups - bringing together entrepreneurs, investors, hackers, and technology enthusiasts. The event features panels with well-known entities and even a hackathon. TechCrunch is working with Coinbase to process the transactions, which comes as no surprise, as the San Francisco-based company in the midst of the start-up....
Blockchain gaming is going through a massive growth phase, thus revolutionizing the gaming industry in general. An Investgame report revealed that the gaming industry is witnessing a massive rise of blockchain-powered cryptocurrency games. Within the first half of 2021 alone, crypto gaming companies closed a record 24 deals, more than they did in the whole […]
Recent analysis from QCP Capital indicates a marked shift in derivatives market sentiment, signaling that options traders are bracing for further declines in Bitcoin value. Dissecting the Bearish Sentiment The derivatives market has experienced a notable shift over the past day, with the implied volatility in Bitcoin options decreasing. Related Reading: Is The US Emulating Germany? $4 Million Bitcoin Movement Raises Questions This indicates that traders are worrying more about the possible downside risks. According to a note from analysts at QCP Capital, the spread between call and put....
An otherwise decentralized cryptocurrency, Bitcoin, might have become a victim of a centrally orchestrated price dumping attempt. According to data fetched by CryptoQuant, a South Korea-based blockchain analytics firm, Bitcoin miners at Chinese mining firm F2pool started the massive sell-off that crashed the BTC/USD exchange rate by almost 20 percent in just less than 24 hours. Oversupplied Bitcoin CryptoQuant CEO Ki-Young Ju listed a series of bearish alerts he received when Bitcoin started plunging on […]