Key metrics show this week’s $4B Bitcoin options expiry favors bulls
A record $4 billion worth of Bitcoin options expire on January 29 and multiple indicators suggest bulls have the upper hand.
Increased Mainstream Adoption of Bitcoin Cuts Diversification Benefit, JPMorgan Says
Bitcoin's correlation with traditional markets could "erode" its "diversification value over time."
Long Bitcoin Unseats Tech Stocks as the Most Crowded Trade in January, BofA Reports
The study shows that “long bitcoin” dethroned “long tech” as the most crowded trade in January 2021. Reuters reported Tuesday that this is the first time a long position on technology companies is losing the top spot since October. This is also the first time “long bitcoin” has ever ranked first in the financial markets.
JP Morgan: Bitcoin Needs to Reclaim $40K Soon or Momentum Will Fade
Strategists at JPMorgan Chase & Co said that Bitcoin has to surpass the $40,000 milestone to dodge another major price setback.
Was Bitcoin’s rally overextended? If yes, what next
An over-extended rally may have led to investment flow from Bitcoin to altcoins, as this week several top altcoins based on market capitalization on coinmarketcap.com, have posted double-digit gains.
Why institutional investors will support Bitcoin above the $30k level
Based on the map of unspent Bitcoins from Whalemaps, a relatively high volume of Bitcoin was accumulated above $30000, and it is being estimated that high volume transactions that went through were by institutional investors and whales. Hence, they may support Bitcoin‘s price above $30000 and hence the probability that Bitcoin’s price will drop below $30000 is low.
Bitcoin Is Unlike Any Other Bubble We’ve Seen So Far
Man Group compares Bitcoin to Prometheus in Greek mythology.
Bitcoin lessons: What the past 48 hours taught us about whales
Based on Glassnode’s findings, the NVT premium is currently below the levels attained in 2019, and largely below January 2018. What does this mean？ Well, it means that the rally is far from being overheated and as Willy Woo suggests, bullish capital flows into the market remain strong following the massive dip.
First Signs of Bitcoin Panic Shows as Whales Profit from Correction
Now, the first pinch of a bitcoin correction has come and the price of the coin fell from a high of $41,000 to a low of $31,000, shedding almost 25 percent of its value. This major loss has not been felt since March of 2020, and thus will be entirely new to some investors.
Bitcoin Collapses to $37K as Miners Start Dumping Their Coins
Bitcoin is in the middle of a "pretty huge correction" due to selling pressure from miners, according to CryptoQuant CEO Ki Young Ju
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