BITCOIN NEWS UPDATE

Bitcoin Expectations A quick surf of social media indicates that many analysts and investors are calling for a Bitcoin super cycle or parabolic move to the upside. They have expectations of what the bitcoin price should be (based on previous cycles) and assume that...

Bitcoin Rejected At All-Time High The Bitcoin price hit an all-time high last week before reversing sharply. From a technical analysis perspective, BTC formed a topping tail candle on the daily chart. A topping tail candle is a bearish reversal signal until proven...

Bitcoin At All-Time High Bitcoin reached an all-time high of $119k last week. At the same time, the long-term holder net position change metric advanced further. That's a bullish signal and indicates that long-term holders were not selling; they were accumulating....

Bitcoin Futures In our 18 February post, which explored Bitcoin indicators, we highlighted open interest in the derivatives market. More specifically, the total outstanding notional open interest on futures and options contracts. The Futures market increasingly...

Bitcoin Remains In A Range If you combine the inflows into the spot ETFs with the rapid increase in Bitcoin treasury companies, you could be forgiven for questioning why the BTC price remains in a tight range. The spot ETFs have experienced net inflows of $2.2 billion...

Bitcoin In A Range While retail investors have historically driven the BTC price higher, the Bitcoin cycle dynamic is increasingly shaped and determined by institutional investors and treasury companies. That may explain why explosive moves to the upside have been...

Bitcoin Mid-Cycle The 30-day trade range for Bitcoin is exceptionally narrow, at around 8%. It's a dull market that's quiet, but on balance, it's trending upward. BTC is trading almost 60% above the prior cycle's all-time high, and yet there is no clear sign that an...

Bitcoin Mid-Cycle A glance at on-chain data confirms that Bitcoin is not at euphoric highs or bear market lows. It’s mid-cycle. The metrics indicate that BTC is nowhere near the high levels evident historically before the bear market drawdowns. Sovereign Wealth Funds...

Bitcoin Tailwinds In comparison to the stock market, the momentum in the bitcoin price last week was muted. The S&P 500 is a short hop from all-time highs, yet Bitcoin ended the week flat. Can BTC get another leg up? BTC has stalled over the last couple of weeks....

On-Chain Data In our recent posts, we highlighted that the open interest in the derivatives market and the global M2 money supply are key indicators for determining the probability and direction of price movement in bitcoin. The following two indicators are based on...