Bitcoin shorts have increased in volume. Besides, shorts require additional leverage with Bitcoin’s price at the $30000 level based on price data from coinmarketcap.com. Thus the funding rate is negative yet again. Does this signal that it is a good time to buy, and Bitcoin is expected to consolidate as the funding rate becomes further negative?Continue reading “Does this metric hold the key to trading Bitcoin profitably?”

Bitcoin has been rangebound below the $32ooo level based on price data from coinmarketcap.com. This rangebound price action following the asset’s recovery has led to a significant drop in the number of Bitcoin addresses with a non-zero balance, though it may not be in the same volume as it was in January 2018. The aboveContinue reading “How do these Bitcoin trend changes affect price? Historically, this means…”

In a bear market, as Bitcoin shorts are lining up, traders turn to other options like Yield Farming for earning a steady income from cryptocurrency. Farming native tokens has become increasingly popular however it isn’t mainstream yet. It is largely like real farming: you could have several farms harvesting at the same time and relyContinue reading “Here’s what you’re missing out on with Algorand, CRV, Synthetix and Sushiswap?”

Recovery from the most recent crash is what most traders are looking forward to. Billions of dollars were wiped out of the crypto market capitalization. Among altcoins that are recovering from the price drop, ETH, ADA, and DOGE’s recovery are the most notable. At the time of writing 86% ETH addresses, 39% ADA addresses, andContinue reading “What to expect from Ethereum, Cardano and Dogecoin’s recovery phase?”

Among hacks and malicious maneuvers plaguing the DeFi ecosystem, rug pull is currently top of the list. With several recorded instances in the past six months, rug pulls have thrived on DEXes. The top 3 DEXes have over $5 Billion in USD locked on based on data from DeFiPulse. Rug pulls have thrived on DEXesContinue reading “You need to know about rug pulls and its effect on Ethereum and DeFi”

The crypto fear and greed index showed extreme fear as Bitcoin traded below $35000. In the past two days, the index has gone from fear to extreme fear and this shift came at a time when Bitcoin’s price was recovering. Retail traders across exchanges seemed to disagree with the bullish narrative. Based on the averageContinue reading “What do these metrics mean for Bitcoin?”

ETH‘s price was around the $2000 level based on data from coinmarketcap.com. Exchange inflows have increased consistently over the past weeks, till the crash; however, it is no longer at the same level as that of Bitcoin. It is anticipated that selling pressure is, therefore, less and the top 10 exchange whale holdings have startedContinue reading “Betting on an Ethereum recovery? Here’s what you need to know”

In the current market crash, with a drop in the price of several altcoins, LINK’s price was at the $18.91 level. Based on the price trend and charts, LINK does an 18-month cycle and repeats again but within a new price discovery range. This has been observed on the price chart and on-chain metrics likeContinue reading “This Chainlink trend can affect its price movement”

The latest crash in cryptocurrency prices led to a drop to the $30000 level for Bitcoin. Following the flash crash of May 19, this crash led to the liquidation of several longs across derivatives exchanges, following several new short positions that were opened. The highlight was the closing of 22500 BTC shorts, worth a totalContinue reading “$715 Million worth of Bitcoin shorts closed on Bitfinex: Why does this matter?”

The crypto market has continued bleeding, Ethereum’s price has dropped to the $2000 level based on data from coinmarketcap.com. Ethereum’s price has dropped over 20% in the past week and this may be a result of the increased selling pressure. The trade volume was up over 50% in the past 24 hours and this wasContinue reading “Breaking down the 2 sides of the Ethereum price argument”

Bitcoin’s price has remained rangebound above the $30000 this week. Despite the crash, it is now closer to $35000 than it was two days ago. The asset has suffered a drop of nearly 20% in price in the past week, however, this has not deterred traders from buying, and accumulation continues. What’s more, even atContinue reading “What are the chances of Bitcoin dropping to $25000?”

Bitcoin’s price has dropped below the $33000 level a few times this week. Besides, Bitcoin’s social sentiment is at its lowest since the beginning of the bull run in 2020. Historically, this has been considered the ideal time to buy the dip, accumulate, when the crowd has turned against Bitcoin. Based on the social volume,Continue reading “Bitcoin: Historically, this is considered the ideal time to make this move”