#Opinion

​📈 #PlanB expects the price of #BTC to double in 3-5 months

As an argument, the well-known trader cites the bottom formation indicator on the #Bitcoin miners' revenue chart.

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#Opinion

🪙 Traders are holding their payouts from #MtGox

Analysts at #Glassnode claim in a new report that most investors who received compensations are continuing to hold their coins and are not moving them to the market.

This hypothesis is supported by the data on the spot cumulative volume delta (CVD), which the report's authors applied to two major exchanges receiving the funds.

The report also notes a steady demand for #BTC, indicated by fluctuations in the range of $66,000–$68,000 per #Bitcoin during the payout period.

👍 — If you need a #glossary post explaining "cumulative volume delta"
❤️ — If you will explain it yourself in the comments

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🙁 #Bitcoin is down again, but not by much — let’s figure out what's going on

#Lookonchain believes that the drop below $60,000 is due to institutional investors ceasing to accumulate #USDT.

The insufficient inflow of stablecoins to exchanges indicates a lack of buying pressure, but with the start of the new week, funds may begin taking advantage of the #BTC drop to accumulate it, which would bring new capital into #ETFs.

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#Opinion

#Opinion

📉 QCP Capital believes that bearish sentiment prevails in the crypto industry

At the same time, the company's experts note that the stock market currently appears more promising compared to the cryptocurrency market.

🔽 To support their position, QCP Capital points to the perpetual funding rates for #BTC, which over the weekend fell to their lowest level since 2022: -13%.

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#Opinion

🪙 Analysts from #CryptoQuant believe that the bull run will not start until the fourth quarter

The company's experts argue that August and September are traditionally weak months for the crypto market. Moreover, at the beginning of the last cycle, #Bitcoin saw growth specifically in the fourth quarter of the year.

📆 It’s also important to consider the upcoming U.S. elections, during which the stock market might be injected with additional liquidity to avoid a drop in stocks and a decline in voter sentiment. In such a scenario, cryptocurrencies might benefit as well, serving as an additional positive catalyst for the market.

🔥 — That's how it will be
❤️‍🔥 — Expecting growth in September
🗿 — The cycle won't repeat itself

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#Opinion

🪙 #Cointelegraph believes that #Bitcoin will drop to $60,000 again

Factors that may influence this price movement include the dominance of short positions (51% of all positions), potential liquidations exceeding $300 million in the $63,000 - $60,000 range, the increase in exchange reserves, and market seasonality.

📉 Historically, the third quarter is the weakest for the industry, with August and September performing particularly poorly.

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#Opinion

💰 According to #CoinDesk, investors want to increase the share of cryptocurrencies in their portfolios, but they are put off by the complexity of entering the market, the widespread prevalence of scam projects, and regulatory uncertainty.

Experts at the portal note that, according to investment fund forecasts, the crypto market could exceed $10 trillion by 2030. This is a strong motivation to increase the share of cryptocurrencies in their assets to at least 7%. However, fear still outweighs greed.

Perhaps this is why there is so much buzz around #ETFs, as such instruments are seen by investors as the safest option 🤷‍♂️

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#Opinion

📉 Max Keiser believes that the dollar could collapse within six months

According to the analyst, the growing U.S. national debt could threaten the world's most popular currency.

🪙 As an alternative to the unsafe dollar, Max sees cryptocurrency, but not all of it—only #Bitcoin. He considers other coins to be exposed to unjustified risks, such as #TON, which dumped 20% following the arrest of Pavel Durov.

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#Opinion

🪙 A reduction in interest rates in the US might not affect the price of #BTC

Arthur Hayes believes that the most anticipated event of September is highly overrated. In his opinion, the crypto market may not gain momentum due to the spread between repo operations with a yield of 5.3% and treasury bonds that pay a rate of 4.3%.

🕯 This situation leads major funds to reallocate capital from treasury bonds to reverse repo transactions, reducing the money supply available for high-risk assets.

📉 Hayes notes that since mid-August, about $120 billion has already been converted in this way, which prevents Bitcoin from rising even after positive news from the Fed confirming plans to lower rates.

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#Opinion

🪙 Analysts from #Bernstein are predicting Bitcoin's value depending on the outcome of the presidential election:

📈 If Donald Trump wins, #Bitcoin could reach $90,000.

📉 If Kamala Harris wins, the price of digital gold could drop to $30,000–$40,000.

At #Ripple, it seems they believe that if Harris wins, #XRP will go against the market trend 🤓

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#Opinion

🐳 Bitcoin whale transactions have dropped by 33.6% since March

Analysts from #Santiment calculated that transactions involving amounts over $100,000 have decreased from the peak observed in March of this year.

Experts suggest that this is not necessarily a signal of a bearish trend. Most likely, large players are simply waiting for the most opportune moment to take advantage of extreme greed or extreme fear in the crowd.

🕯 According to Santiment's forecast, a rise in #BTC to $70,000 will trigger a cascade of trades due to #FOMO — the fear of missing out, while a drop in digital gold to $40,000, on the contrary, will be accompanied by significant concerns among most market participants about incurring substantial losses, which could further increase downward pressure on the price.

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#Opinion

🐳 Large investors are returning to the market

#CoinShares presented a report showing that after continued outflows from the crypto market totaling $1.2 billion, last week saw positive dynamics with capital inflows of $436 million.

📈 The movement of funds is driven by the expected 0.5% interest rate cut by the Fed, which has a 67% probability of happening. This could provide the market with additional liquidity and serve as a positive catalyst for #BTC growth in the short term.

🕯 However, it is important to note that there is a possibility the rate cut has already been priced in by the market, and if the forecasts come true, the prices may not only fail to rise but could even see a slight correction.

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#Opinion

😱 While the entire market is expecting a rate cut, Arthur Hayes considers it a catastrophe

In his opinion, a lower rate will accelerate inflation and lead to the collapse of high-risk assets.

We’ve heard Hayes' opinion, now let's hear yours:

🔥 — We’re going to the moon
😎 — We’re going, but later
🗿 — Arthur is right, it’s all doomed

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#Opinion

🪙 Alex Adler from #CryptoQuant believes that market participants who are inclined to sell #BTC are no longer willing to sell at the current levels

The average amount of loss-making sales has dropped from $5 million to $4.7 million, signaling that even short-term holders selling at a loss are preparing for an increase in Bitcoin's value.

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