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Bitcoin (BTC) Under Biggest Liquidity Crisis In Years, Selling Onwards Could be Dangerous

January 21, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

After consolidating a while between $35,000-$36,000, Bitcoin (BTC) continues to remain under pressure. Today, BTC has corrected another 3.5% and is trading at $34,567 levels at press time. While retail players might think of booking profits before it falls further, we would like to warn you that whales and institutions could be scooping your supply. […]

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Chinese Govt. Executive Points Out Illegal Overseas Transfer of Assets in Crypto

January 20, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Xuan Changneng, the dep. director of the state administration for Foreign Exchange recently raised concerns over the illegal transfer of assets overseas via bitcoin as the price of the top cryptocurrency soared to a new all-time high a couple of weeks ago. Important information：Xuan Changneng, deputy director of State Administration of Foreign Exchange, pointing out […]

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Bitcoin Analyst Highlights On-Chain “Signals” For Bulls to Kick-In

January 20, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin analysts are looking at Coinbase outflows and premiums as their immediate signals to predict the short term BTC price movements. Bitcoin price seems to be stuck between $35k-$40k having spent the past couple of weeks sitting between the same range after a massive correction of 10%. Whales Are Depositing Bitcoin on Exchanges The current bitcoin […]

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Bitcoin (BTC) Traders Resolve to Passive HODLing, Dormant BTC Whale Accounts on Rise

January 20, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

While Ethereum (ETH) has hit a new all-time high of $1439 on Tuesday, January 19, Bitcoin (BTC) seems to be strongly consolidating in the range between $35,000-$36,000. Although Bitcoin faces a strong resistance currently around $38,000, on the support side, it is holding well above $35,000. Recent data suggest that HODLing Bitcoin is turning popular […]

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100 Million USDT Moved From Tether [USDT] Treasury, Analyst Peter Brandt Casts Doubts Over Tether & BTC Pumps

January 19, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

100 Million Tether [USDT] were recently moved from Tether treasury to an unknown wallet and it was followed by a decent pump in Bitcoin price, reaching a local high of $39,833 at the time of reporting. Is it just a coincidence? Many notable analysts including Peter Brandt have compared Tether [USDT] similar to the money […]

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Former IMF Chief Economist Calls Bitcoin (BTC) A Classic Bubble

January 19, 2021 , , , , , , , , , , , , , , , , , , , , , Eddy 0

Just as the Bitcoin (BTC) price scales new heights, a lot of world leaders and economists have started speaking about the world’s third-largest asset class after Gold and Silver. Raghuram Rajan, former IMF Chief Economist (2003-2007) who had correctly predicted the 2008 financial crisis has recently spoken about Bitcoin (BTC). Rajan’s views are something that […]

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Institutional Buying, Grayscale Bitcoin Trust (GBTC) Buys Another 16,000 BTC Worth $590 Million

January 19, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Amid the recent price volatility in Bitcoin (BTC), investors might be waiting on the sidelines for further correction. However, we might be reaching $40,000 levels once again sooner than expected. As per the data on Bybt.com, the Grayscale Bitcoin Trust (GBTC) has purchased another 16,000 Bitcoin in a single day taking its total BTC holdings […]

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