Tag: bitcoin (btc) adoption

Apr 17 2021

Bitcoin Whales Sold 50k BTC Worth $3B in the Last 5 Days

Bitcoin whales have sold roughly 50k BTC in the last 5 days This amount translates to roughly $3 billion The Bitcoin whales include those holding 100 - 10,000 BTC Bitcoin has entered what looks like a brief bearish window with $60k continuing to hold A breakdown of $60k could lead to accelerated of selling, and lower levels of support Bitcoin whales holding 100...

Apr 15 2021

Bitcoin Could Be in the Greed Stage Based on High Leverage Being Used

Bitcoin's market could have entered the 'greed stage' based on the high leverage being used by BTC traders The amount of leverage has increased since February The weekly Bitcoin chart is hinting of exhaustion and a top might not be too far away The Bitcoin market might have entered the 'greed stage'. This is according to an analysis done by the CEO of...

Apr 11 2021

Bitcoin Whales Holding 100k+ BTC Increase to an 11 Month High

Summary: The number of Bitcoin whales holding 100k BTC or more has hit an 11 month high The whales now control 2.20% of Bitcoin supply up from 0.76% 11 weeks ago At the same time, smaller addresses of 1k - 100k Bitcoin have dropped The drop could be attributed to selling before BTC broke $60k Bitcoin could lose the $58k support zone during...

Apr 10 2021

Bitcoin OGs Stopped Dumping After Tesla Bought BTC – Analyst

In brief: Bitcoin long term holders, aka OGs, are no longer selling after Tesla bought BTC Bitcoin old hands are extremely strong and their lack of selling, points to new highs for BTC Bitcoin has since reclaimed $60k liquidating $550 million in shorts A new all-time high by Bitcoin might just be a few days away Veteran Bitcoin analyst, Willy Woo, has pointed...

Mar 26 2021

Bitcoin Miners are Now Holding BTC, Uptrend Likely in April

In brief: Bitcoin Miners' Position Index (MPI) has been low since March 6th Bitcoin miners are now holding BTC rather than selling 90k Bitcoin options expired earlier today on Deribit, removing the anxiety of additional selling April could be a green month based on historical data Bitcoin miners are now holding their BTC rather than selling it in the crypto markets as witnessed...

Mar 25 2021

BTC Addresses Hodling 1 BTC or Less Have Been Stacking Since Mar. 2018

In brief: Bitcoin investors holding 1 BTC or less have continued to accumulate sats since March 2018 This group of Bitcoin investors has weathered the volatility for 3 years and now own 5.2% of Bitcoin's supply Holders with 0.1 to 1 BTC increased significantly after the Coronavirus dip of March 2020 Bitcoin holders owning 1 BTC or less, have been continually stacking sats...

Mar 24 2021

Bitcoin Paid to Tesla for Vehicles Will Be Retained as BTC – Elon Musk

Summary: Bitcoin is now a payment option when buying a Tesla Elon Musk has also clarified that the Bitcoin paid to Tesla will be retained as BTC and not converted to fiat Tesla accepting Bitcoin is a giant leap forward for BTC and digital asset adoption Bitcoin is once again above $55k and the Tesla news could provide some stability this week The...

Mar 21 2021

BTC Analyst: Fair Chance We Never See Bitcoin’s Market Cap Below $1T

In brief: Willy Woo has pointed out that only 7.3% of Bitcoin's supply has moved since BTC hit a $1 Trillion market cap Chances are, that the $1 Trillion market cap is supported by investors henceforth Bitcoin maintains a $1T market cap at $53,590 $55k is the level to watching during the weekly close Deribit Bitcoin options worth $5.7B expire next Friday and...

Mar 18 2021

$93M is All it Takes for Bitcoin (BTC) to Gain by 1%

In brief: Bitcoin is more sensitive than gold to inflows of fiat According to B0fA, a $93 million injection into Bitcoin would result in a price appreciation of 1% Gold would need $2 Billion to achieve a similar feat Bitcoin's price action is yet to be overheated on a fundamental level 1% of Stimmy Checks could send Bitcoin to $73k Large fiat investments...

Mar 11 2021

Most of the Institutions Eyeing Bitcoin are Sitting on the Sidelines

In brief: According to Tyler Winklevoss, there is a lot of institutional money coming into Bitcoin Most of it is still sitting on the sidelines Bitcoin's price growth is 'in the second pitch of the first inning' Accumulation of Bitcoin is ongoing with exchange balances dropping by 20% since last March Bitcoin testing $60k is possible due to the market optimism injected by...

Mar 07 2021

Bitcoin’s Twitter Sentiment at its Most Bearish Since Oct. 1st 2020

Quick take: Bitcoin's Twitter sentiment has taken a nosedive in the month of March BTC Twitter sentiment is at its most bearish since October 1st 2020 However, the approval of a $1.9T stimulus bill might change the tide for Bitcoin Bitcoin has regained the crucial $50k support with the weekly close ahead Bitcoin reclaiming $52k and $55k would return it to bullish territory...

Mar 06 2021

Bitcoin’s Market Cap is Bigger than JPMorgan, Facebook and Tesla

In brief: Bitcoin is getting harder to ignore as an investment option Bitcoin's market cap is now greater than JPMorgan, Facebook, VISA and Tesla individually Rich Dad, Poor Dad author continues to recommend Bitcoin as a hedge against possible global financial turmoil Tyler Winklevoss has also reiterated that Bitcoin is the best hedge against incoming inflation Bitcoin is getting harder and harder to...

Mar 05 2021

Microstrategy Now Hodls 91,064 Bitcoins at $24,119 Per BTC

In summary: Microstrategy has purchased 205 additional Bitcoin for $100 million bought at $48,888 each The company now holds 91,064 Bitcoin at an average entry of $24,119 The $47k Bitcoin price area is a level of macro support that has seen the movement of 500k BTC If Bitcoin fails to hold $47k, chances are that $42k is next The software company of Microstrategy...

Mar 03 2021

Bitcoin’s Bull Market is Just Warming Up – BTC Analyst

Summary: Willy Woo has forecasted that Bitcoin's bull market is just getting started He cites that retail investors reentered the space in January and will continue to do so A peak in new Bitcoin users and investors is yet to be reached in the current bull cycle Bitcoin has regained $50k and could be gearing up for $52k and ultimately $55k Veteran Bitcoin...

Feb 16 2021

Bitcoin (BTC) Selling By Miners Slows Down, $54k and $60k Possible

In brief: Selling by Bitcoin miners seems to have slowed down The reducing selling pressure could provide an opportunity for Bitcoin to break $50k Margin short positions have also capitulated pointing to a bullish future for Bitcoin Bitcoin could soon test $54k or even $60k in the days to follow Selling by Bitcoin miners appears to have slowed down. This is according to...

Jan 27 2021

Bitcoin Battles to Hold $30k as 120k BTC Options Expire this Friday

Quick take: Bitcoin has just dipped to the $29,200 price area forming what looks like a doubled bottom Bitcoin has since regained $30k and is battling to maintain the $30,700 support area 120k Bitcoin options expire this Friday and could provide additional selling pressure However, on-chain metrics for active Bitcoin addresses hint of bullishness The King of Crypto has just experienced a drastic...

Jan 22 2021

Bitcoin (BTC) Could Repeat its 2017 Performance in 2021 – Weiss

Quick take: The team at Weiss have forecasted that Bitcoin's performance in 2021 might mimic that of 2017 Bitcoins 21 million supply and surging demand, could send it to much higher levels With each parabolic cycle, the crypto- verse brings new people who never leave creating a cycle for the next parabolic run The team at Weiss Ratings has forecasted that Bitcoin could repeat...

Jan 15 2021

Cumulative Bitcoin (BTC) Miner Revenue Crosses $20 Billion

Quick take: BTC Miners have now cumulatively earned Bitcoin worth $20 Billion Such revenue is an incentive to keep the Bitcoin network going and secure Bitcoin has just experienced a dip to the $35k level The minor corrections are necessary and healthy during a bull market Bitcoin miners have cumulatively earned BTC worth $20 Billion since the network was launched. This is according...

Dec 28 2020

Bitcoin Whales Are Making Fewer Deposits of BTC to Crypto Exchanges

Summary: Bitcoin whales are depositing less BTC to crypto exchanges This is a possible sign of seller exhaustion by Bitcoin whales Institutional investors continue scooping up BTC Bitcoin could very well attempt a $30k all-time high Bitcoin whales are making fewer deposits of their BTC to crypto exchanges. This is according to an analysis by the CEO of CryptoQuant, Ki Young Ju, who...

Dec 27 2020

Bitcoin Analyst: $30k Would be a ‘Red Alert’ Zone for BTC

Quick take: Timothy Peterson has identified $30k as a possible 'red alert' zone for Bitcoin At this level, Bitcoin has a higher chance of experiencing a future large crash such as the ones witnessed in 2012, 2014 and 2018 Bitcoin has broken the $25k, $26k and $27k price ceilings in less than 24 hours $28k is a few hundred dollars away for Bitcoin...

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