Bitcoin may have crashed 50% in a single day in March, but this hasn’t stopped traders from investing in the cryptocurrency. In fact, a number of data sources suggest that a majority of investors are starting to load up on their BTC positions, despite the uncertainty in the global economy.
Bitcoin Investors Are Buying At a Rapid Clip
According to screenshots of crypto-enabled retail brokerages based in the U.K. shared by trader Nik Patel, users of these platforms are long on Bitcoin. In fact, for IG.com is signaling that 78% of client accounts are long on the cryptocurrency.
Three of the most prominent retail brokers in the UK pic.twitter.com/kIvSpcvemG
— Nik Patel (@cointradernik) April 4, 2020
This isn’t the only evidence suggesting that the majority of crypto market participants are leaning long.
Qiao Wang of Messari, a former institutional trader, recently shared the below chart, which shows the Bitcoin order book for Coinbase Pro.
BTC order book… While I'm short-term cautious due to macro conditions, it can't get any more long-term bullish than this: pic.twitter.com/snq8ISFMCF
— Qiao Wang (@QWQiao) April 2, 2020
Although not representative of other exchanges, it is clear that there are more traders bidding the foremost crypto than selling it, with there existing nearly 24,000 BTC worth of orders down to an order price of $2,000 and a mere 4,000 BTC worth of orders up to $12,000. Wang wrote that “it can’t get any more long-term bullish than this,” referencing the data.
Sign Of An Imminent Reversal?
While the strong buy interest in Bitcoin suggests further upside is imminent, it may be a sign of bad things to come for the cryptocurrency market.
A big narrative pushed by prominent traders in both traditional markets and the crypto industry is that going against the majority, going against the grain is often the correct trade to make. Think back to the age-old Warren Buffett quote that goes: “[be] fearful when others are greedy and greedy when others are fearful.”
This quote seemingly applies to the crypto market: In December 2018, after Bitcoin had plunged 50% within a month, there were countless analysts calling for the cryptocurrency to return to $1,000, with some even predicting a return to $800.
Related Reading: Last Time This Signal Flashed, Crypto Rallied By 50%. It’s Back Again
But, as soon as these predictions went mainstream, gaining popularity on social media forums, Bitcoin reversed, heading higher towards $4,000 instead of establishing new lows.
The same trend was seen when Bitcoin breached $14,000 in the middle of 2019, with the asset returning to a bear market rather than exploding to a fresh all-time high.
Featured Image from Shutterstock origin »
Bitcoin price wavered on Thursday as investors embraced a risk-off sentiment amid the ongoing trade war between the U.S. and its top trading partners. Bitcoin (BTC) was trading at $90,000, up 15% from its lowest level this month, while American…
Bitcoin’s latest 20% drop below key support levels has rattled the market. With institutional demand seeming to wane and traders bracing for further losses, uncertainty is rising. As Bitcoin struggles to regain traction, more investors are exploring alternative assets that offer stability and the promise of long-term gains.
States actively push 'Strategic Bitcoin Reserve' initiatives, led by Ohio's groundbreaking legislation.
Trump's cryptocurrency working group signals federal interest amid growing state-level BiThe post 'Another state will be joining' Bitcoin reserves, but are investors skeptical? appeared first on AMBCrypto.
Bitcoin, the leading cryptocurrency by market capitalization, has recently experienced a significant and sudden price correction, sparking debate among investors. Concerns have surfaced about whether this downturn signals the conclusion of the current bull cycle or merely represents a temporary setback.
Despite Bitcoin’s recent surge past $100,000, investors in Russia doubt the crypto will hit the $200,000 mark anytime soon. Bitcoin’s (BTC) rise past $100,000 has sparked excitement, though Russian investors aren’t counting on it hitting $200,000 this cycle, according to…
Bitcoin has set a new all-time high (ATH) beyond the $104,000 mark during the past day, but on-chain data shows investors are still unwilling to sell. Bitcoin Exchange Netflow Has Remained Negative During Latest Rally As explained by an analyst in a CryptoQuant Quicktake post, Bitcoin has continued to leave exchanges recently.
Bitcoin price movements often correlate with large-scale investors’ actions, commonly called “whales. ” These individuals or entities hold between 1,000 and 10,000 BTC, and their trading behavior is a critical indicator of market trends.
Asset management firm, Alliance Bernstein, tells investors to “buy everything you can” as analysts expect major altcoins to outperform Bitcoin over the next 12 months. This comes as Bitcoin broke the $82,000 level.
Spot Bitcoin ETFs have accumulated over $22 billion in inflows, reflecting strong market demand.
Retail investors now hold 80% of total assets in Bitcoin ETFs, driving significant interest.
Rising Bitcoin optimism among experienced investors could drive market sentiment and influence broader cryptocurrency adoption trends.
The post Nearly 50% of crypto investors expect Bitcoin to surpass $100,000 this cycle: CoinGecko appeared first on Crypto Briefing.
Bitcoin sharks and whales are relentless in accumulating the flagship crypto despite its unimpressive price action. These categories of investors are seen to have increased their Bitcoin positions in the last five months.
Investors from EOS and Wrapped Bitcoin sectors are turning to Fezoo Exchange's presale, drawn by its promising prospects amid a bearish market. #partnercontent
Bitcoin saw a huge number of liquidations triggered during the recent drop.
The higher timeframe price chart was bullish, but investors need to HODL.
Bitcoin [BTC] endured double-digit losseThe post Bitcoin's $12.
Amidst a bullish trend in Bitcoin's value, analysts debate whether now is the optimal time to invest, considering factors such as historical price patterns.
The post Bitcoin Halving Could Be a Green Light for Investors appeared first on BeInCrypto.
BTC's sharp slump to $66K triggered $250M in overall market liquidations
Peter Schiff mocked the king coin amidst the drop, but sympathized with U.S. investors.
Bitcoin [BTC] fronted a wThe post 'Bitcoin ETF investors are TRAPPED until tomorrow if...' - Analyst appeared first on AMBCrypto.
Bitcoin’s decline prompts caution among traditional investors, emphasizing the importance of forthcoming flow data to gauge market sentiment. Traditional investors (tradfi) are starting to exercise caution as Bitcoin’s (BTC) price experiences a decline pulling back over 12.5% from its recent…
Bitcoin’s hashrate has climbed to a new all-time high.
Investors continue to hold on to their coins despite the price surge.
In a series of posts on X (formerly Twitter), data provider GlaThe post Bitcoin: How HODLing seems to be the best bet for investors now appeared first on AMBCrypto.
Glassnode estimated about $70 billion in capital inflows into a Bitcoin ETF.
Less Bitcoin would be immediately available for new investors.
The crypto market pinned its hopes on the potentiaThe post Bitcoin: Why spot ETFs might not be in the best interests of new investors appeared first on AMBCrypto.
Bitcoin is often labeled as “digital gold” and has become an increasingly attractive asset for investors to diversify their portfolios. For investors, there are many ways to gain exposure to Bitcoin, but until now they have been unable to acquire it through a U.
The movement, or lack thereof, of Bitcoin in the market can provide significant insights into the behavior of investors and the overall health of the market. When there’s little movement of Bitcoin, it often indicates a robust holding sentiment among investors.
In a jaw-dropping turn of events, Bitcoin soared back above the $28,000 mark on Monday as investors price in the SEC’s potential approval of several pending spot Bitcoin ETF applications.
Quick Take Recent data analysis reveals a fascinating trend within the Bitcoin investing landscape. For almost a month, there’s been a significant influx of Bitcoin to exchanges, particularly from investors in the $10M or more bracket.
As Bitcoin's price remained in a tight range, investors refrained from trading.
Holders of 100 - 100,000 BTCs have mostly distributed their holdings toward price recovery.
An assessment ofThe post Bitcoin: As sentiment turns neutral, investors stay their hands appeared first on AMBCrypto.
Bitcoin (BTC) investors witnessed a lucrative month in May, as the world’s most renowned cryptocurrency showcased its resilience and delivered robust returns. However, in the face of the changing market sentiment, a looming legal battle threatens to cast a shadow over these gains.
BTC may have approached the beginning of a bullish run.
The coin circulation rests in an extremely low region.
Bitcoin's [BTC] failure to recover from its recent decline could be something tThe post Bitcoin: How this metric can save investors appeared first on AMBCrypto.
Bitcoin has been a wild ride for investors lately, with the world’s most valuable cryptocurrency breaking through the $29,000 mark, only to be swiftly rejected. However, on-chain data is now revealing a concerning outlook for the future of Bitcoin.
Retail investors' interest in Bitcoin increased.
Increase in profitability and potential for increased selling pressure for BTC.
Since the Terra Luna [LUNC] collapse, the number of Bitcoin [The post Analyzing retail investors' growing faith in Bitcoin [BTC] as prices soar appeared first on AMBCrypto.
Hong Kong’s securities regulator will limit the retail investors’ exposure to crypto assets with high liquidity.
Samsung’s investment arm will list Bitcoin futures ETF on the local stocThe post How is Hong Kong’s new crypto policy beneficial to Bitcoin investors? appeared first on AMBCrypto.
Bitcoin (BTC) whales have been selling their assets aggressively while retail investors have been accumulating the coins simultaneously throughout 2022.
The post Research: What does retail investors aggressive Bitcoin purchase mean for the market? appeared first on CryptoSlate.
Bitcoin retail investors have been constantly showing interest in BTC
However, velocity, volume, and daily activity continued to decline
Bitcoin holders, who have been on the receiving eThe post Bitcoin [BTC] retail investors embrace the crypto winter while whales shy away appeared first on AMBCrypto.
The latest Bitcoin dilemma, which began on September 13 when the US Federal Reserve announced the CPI report, has left retail investors in a disadvantaged position. The recent announcement that the Fed interest rate has been raised by 75 basis points has also impacted the market.
Bitcoin’s reputation as a safe haven asset has long been disputed by the world of traditional finance.
The post How inflation and debased fiat currencies are pushing investors to Bitcoin appeared first on CryptoSlate.
After posting systematic gains at August’s start, Bitcoin and Ethereum fell sharply towards the weekend, tagging along with other cryptocurrencies as investors reduced their exposure to risk assets against the backdrop of a blurred macroeconomic environment.
The last month was decisive for the entire crypto market, there was a lot of fear among the investors because of uncertainties around the next move of Bitcoin. But Like always, Bitcoin survived the death again and jumped on from 18,000$ support making hopes alive for long-term investors.
Bitcoin mining and environmental concerns are the two terminologies that are used quite often when addressing the issue around Bitcoin.
A lot of investors have been asking- Will Bitcoin have a bad The post BTC mining, sustainable energy have bullish stats for investors appeared first on AMBCrypto.
Despite Bitcoin reeling from a massive deleveraging event and pulling back sharply to levels last seen in 2020, investors have found a small window of opportunity to add to their bags.
Bitcoin hodlers lost over $7 billion to the market crash between June 16 to June 18 as investors scrambled to sell coins they bought for higher prices, according to a Glassnode report.
The post Bitcoin investors see record realized loss of $7B amid downturn appeared first on CryptoSlate.
The curious case of Bitcoin has hit a new point today with investors now feeling bullish about its future. The king coin has seen a roller-coaster in recent months with the Terra crash plunging the crThe post Bitcoin: Despite its recent roller-coaster ride, why are investors bullish on BTC appeared first on AMBCrypto.
The Runes Protocol, a Bitcoin-based fungible token standard, has unveiled a major upgrade introducing “agents” to enable Automated Market Makers (AMMs) directly on Bitcoin’s (BTC) Layer 1.
Russia is relying on crypto in its oil trade with China and India to navigate Western sanctions. While traditional currencies like the Chinese yuan and Indian rupee remain dominant, digital assets such as Bitcoin (BTC), Ethereum (ETH), and the stablecoin…
Bitcoin (BTC) whales on Binance appear to be reducing their selling pressure, but the potential for increased BTC sales from miners could introduce new downward pressure on the market. According to CryptoQuant’s community analyst Darkfost, whale activity on Binance, which handles some of the largest Bitcoin trading volumes, is showing signs of decline.
Bitcoin Cash has traded higher in the past 24 hours, surging by more than 30% to lead top gainers among the largest coins by market capitalization. The price of Bitcoin Cash (BCH) rose to an intraday high of $391 during…
Trading volume on Pump.fun, a leading Solana-based token launchpad, plunged 63% in February following a string of high-profile memecoin scams that have eroded investor confidence. Pump.fun volume dropped from $119 billion in January to $44 billion in February, the lowest…
It’s another painful day for Litecoin’s traders and investors as the price plummets by 8% daily following a huge bloodbath overnight. LTC lost momentum and now looks highly bearish on the daily chart.
To comply with European regulations, Binance has stated that it will stop allowing users in the European Economic Area (EEA) to trade pairs involving stablecoins that do not comply with MiCA—basically, non-compliant stablecoins.
