Bitcoin Kimchi Premium Spikes as South Korea’s Political Turmoil Escalates
The South Korean won hit the lowest level against the dollar since March 2009.
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Bitcoin Bounce Above $62K Quickly Fades; Ether, XRP, ADA, LINK Lose as Torrid October Continues
Bitcoin’s price is currently retesting its “Bull Market Support Band” trend indicator, where prices often rebounded from pullbacks during uptrends.
Leverage in the Bitcoin Market Is Increasing Again as $58.5K Becomes Key Level
High-leverage liquidity in bitcoin is concentrated at around $58,500, according to Hyblock Capital.
Crypto OTC Desks Now Hold Over $22B in Bitcoin: CryptoQuant
Miners often turn to OTC deals to sell bitcoin, CryptoQuant noted.
Bitcoin’s Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months
The dwindling metric points to declining selling pressure in the bitcoin market.
Bitcoin Hits $65K Shaking Off Mt. Gox Payout Worries; XRP Leads Crypto Rally
The Mt. Gox distribution will not end the bullish trend, CryptoQuant CEO noted.
Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending
Bitcoin’s slump since March was driven by long-term holders selling, but blockchain data shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report.
Near Record High Funding Rate Suggests Bitcoin Pullback Not Over
Though modestly higher today, bitcoin remains lower by about 8% from its record high hit two weeks ago.
Bitcoin’s Rise to $52K Is Driven by Strong U.S. Demand, the Coinbase Price Premium Suggests
Massive inflows into spot bitcoin ETFs made headlines recently, but there are other metrics that showcase U.S. investors’ appetite for the asset.
Bitcoin Miner Outflows Hit Six-Year Highs Ahead of Halving, Sparking Mixed Signals
CryptoQuant data shows that miners are moving bitcoin to exchanges, likely because of a need to build more liquidity in anticipation of higher capital expenditures.