Bitcoin Supply Lights Up With Activity Due To Trading Range Boredom
This three-months-and-counting consolidation period Bitcoin is in has many investors with the finger on the trigger. Even though we’re in the middle of an Altseason of sorts, mainly caused by the lack of price fluctuation Bitcoin is exhibiting, the hunters seem to be ready. A recent Arcane Research report shows that, in the last year, […]
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Data shows the Bitcoin 7-day average spot trading volume has continued to shoot up this week as trading activity in the market lights up. Bitcoin Market Observes More Than $10 Billion In Volume In Past Week According to the latest weekly report from Arcane Research, the BTC Trading volume has seen further growth this week. […]
Data shows the Bitcoin trading volume has declined by 38% since the highs in September as a result of the boring price action in the crypto. Bitcoin Spot Trading Volume Has Plunged Down In Recent Days As per the latest weekly report from Arcane Research, the current 7-day average BTC spot volumes are down to just around $7.9 billion. The “daily trading volume” is an indicator that measures the total amount of Bitcoin being transacted in the spot markets on any given day. When the value of this metric is high, it means the market is active right now as investors are moving....
In recent weeks there has been noticeably more volume on two of the major bitcoin exchanges: Bitstamp & OKcoin. The two charts below show the big increase in volume with very little price movement on both of these exchanges. After speaking with self proclaimed “degenerate gambler” and one of the most respected bitcoin traders of the space, BTCVIX, most of this volume appears to be wash trading. “And now we are even seeing some of this interest wane as I believe the ramping up volume washing bot activity is the Casino trying to keep the lights flashing and the sounds blasting so that we....
Bitcoin (BTC) traders and investors may face a supply deficit as major firms increase their stockpiling of the cryptocurrency, according to Dan Tapeiro of New York-based global macro fund DTAP Capital. “SHORTAGES of Bitcoin [is] possible,” the founder tweeted on Thursday. “Barry Silbert’s Grayscale Investments Trust is eating up BTC like there is no tomorrow. If 77 percent of all newly mined turns into 110 percent, then it’s lights out.” The statement came after Grayscale released […]
Dogecoin is providing the market participants with ample opportunities to profit from by participating in range trading. I have been maintaining that rallies up to 50 satoshis can be utilized to build short positions for a target of 47 satoshis, and as can be seen, the recent surge to 49.5 satoshis was quickly followed by a drop to the mentioned target. Even with high volatility hitting the market, Dogecoin is unchanged from yesterday's level of 47 satoshis. An analysis of the 240-minute Dogecoin/Bitcoin price chart above tells of an extended sideways range which would continue to provide....