Market Analysis – Page 40

Key Ethereum price metric signals pro traders are skeptical about $2K ETH

Data suggest retail traders are over-optimistically using leverage to long Ethereum, whereas pro traders remain skeptical about ETH’s short-term prospect of reaching $2,000.

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Polkadot indicator? Data shows Bitcoin has been following DOT price for months

Data shows Polkadot’s price action has been a bellwether for Bitcoin in the past few months.

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Is a retail frenzy causing the Bitcoin futures’ markets excessive leverage?

Retail seems to be causing Bitcoin futures markets’ excessive leverage, but pro traders remain neutral.

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Ethereum fundamentals signal $2,000 ETH price is closer than it seems

Both on-chain and trading metrics indicate Ether dips are meant for buying as ETH eyes $2,000.

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Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply

The growing appetite of institutional investors means companies now hold more than 460,000 BTC, which is 3% of the total supply in circulation.

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Here’s how Eth2, DeFi and Bitcoin price will impact Ethereum’s CME futures

Investors are nervous that this week’s CME ETH futures launch will be a repeat of Bitcoin’s 2017 CME launch but data suggests otherwise.

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Key Bitcoin price metric signals traders are positioned for $50K BTC

A key Bitcoin price metric is signaling that top traders are comfortably positioned and expect BTC to secure the $50,000 level in the short term.

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Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher

Algorand rallied to a multi-year high after the network emerged as a possible choice for central bank digital currencies and the team revealed its DeFi plans.

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Record $584M Litecoin futures open interest signals institutional inflow

Open interest on Litecoin futures hit a record $584 million, a signal that institutional investors like Bitwise and Grayscale Investments are interested in the altcoin.

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Bitcoin Price Analysis: BTC Springing to New Highs

The Bitcoin seems to never get tired of renewing highs. On Tuesday, February 9th, the flagship cryptocurrency is trading at 47,137 USD. The D1 of BTC/USD has not changed much lately, so the pair keep growing. The aim of the ascending impulse might be 51,000 USD. The MACD histogram is positive, rising steadily, increasing the chances for the impulse to get stronger. The signal lines of the indicator are also demonstrating an uptrend, which might become a signal for a correction if a Black Cross forms. On H4, BTC/USD is testing the resistance level, which is, in its turn, a

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