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Bitcoin Open Interest Hits Peak Since FTX Crash: What It Means

[Aug 9, 2023 10:00 AM] In a market that has been relatively quiet for weeks, Bitcoin (BTC) has suddenly sprung to life, with its Futures Open Interest (OI) reaching levels not seen since the FTX crash. Open Interest, a metric that measures the total number of outstanding…

Bitcoin Retraces Back From $30,000 As Profit Taking Spikes

[Aug 9, 2023 6:00 AM] Bitcoin had surged above $30,000 earlier during the past day but has since observed a retrace as profit-taking from traders has spiked. Bitcoin Profit-Taking Volume Is Currently More Than Twice The Loss-Taking One Bitcoin showed some promising…

Why Is Bitcoin And Crypto Surging Today?

[Aug 9, 2023 12:15 AM] In the last 24 hours, Bitcoin has experienced a 2% surge, pulling the broader crypto market along with it into a bullish trajectory. Leading the charge among altcoins are PEPE with an 8% gain, followed closely by SHIB and HBAR both at 6.3%, TON at…

Bitcoin Miners Show Accumulation Again, Bullish Sign?

[Aug 8, 2023 9:00 AM] On-chain data shows that Bitcoin miners have been expanding their reserves recently, a sign that could be bullish for the asset’s price. Bitcoin Miner Reserve Has Been Trending Up Recently As pointed out by an analyst in a CryptoQuant post…

Is Bitcoin Mispriced? Lessons From Past Volatility Slumps

[Aug 8, 2023 1:20 AM] Since its inception, Bitcoin has (almost) always been the poster child for volatility. Yet, the Bitcoin price is hardly moving in any direction at the moment. But the latest data suggests a surprising twist in the tale. As per a recent report by…

Why Low Volatility Bitcoin Could Last A Lot Longer

[Aug 7, 2023 4:26 PM] Much has been said in recent weeks regarding how uncharacteristically calm Bitcoin has been. On weekly timeframes, volatility measures are at their lowest ever. Unfortunately, despite the record-setting lull, directionless sideways price action…

Bitcoin Price Relatively Muted, Risk of More Downsides Still Exist

[Aug 7, 2023 2:02 AM] Bitcoin price is struggling to climb above $29,500. BTC remains at risk of more downsides if there is a close below the $28,800 support. Bitcoin is still struggling to gain pace above the $29,500 pivot level. The price is trading below $29,200 and…

Tether May Now Be 11th Largest Bitcoin Holder, Analyst Says

[Aug 5, 2023 11:05 AM] Tether, the company behind the USDT stablecoin, may now be the 11th largest bitcoin holder in the world. This comes after the stablecoin issuer recently published its attestation report for Q2 2023. According to the report, Tether recorded an…