A price increase of nearly 15 percent within a few hours? He is back – the Bitcoin exchange rate as I live and breathe. Whenever the market thinks, he knew what to expect from the Bitcoin exchange rate, he will be disabused. We look here and now at the Charts and look at what exactly happened and what it means. This is about the new Bullrun?Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!
Contents
The Bitcoin exchange rate undermines the market again
What we are experiencing currently on the market, is probably not less than a battle of the giants. What giants are mean? Of course, the good old Bitcoin Whales, the trying, apparently, to each other at the market leverage and the market dominance in Bitcoin rings.The Bitcoin exchange rate has made, in any case, his crash 2 days ago more than a bet, and is briefly increased at the present day by almost 15 percent and reached a High of nearly 8.800 USD. Just before the almost-trained death cross circuit, however, was for the time being.Before we proclaim the next Bull Market, we should train ourselves in patience, because such an assumption would be in spite of this Bitcoin price Explosion, however, is premature. As long as we act under the 200 MA line on the daily Chart is not to be expected that there is a reversal of the trend.
Bitcoin price Pump liquidated about $ 180 million in Short positions on Bitmex
The Bitcoin price Explosion has challenged nature in accordance with their victims and not too tight. A total of 181.5 million USD in Short-were liquidated positions due to the price Pump.This suggests, as mentioned above, that different Bitcoin to undermine Whales are trying each other on the market. At least, this seems the obvious explanation for the strong price swings in the last days.
Bakkt Bitcoin Futures reached a new record high
On Wednesday, the Bitcoin Futures experienced on Bakkt already a massive volume boost, as the Crypto-market crashed within a few hours by 10 percent. This was a record high, at least until today.The Bitcoin Futures on Bakkt have already achieved with 770 BTC to a new all-time high.
∙ Today’s volume so far: 770 BTC
∙ Last traded price: $8,500.00
∙ Trading day progress: 42% (if this continues: 100% equals to 1834 BTC)— Bakkt Volume Bot (@BakktBot) October 25, 2019
Institutional investors seem to be always bullisher about Bitcoin. The quarterly report of Grayscale for the Q3 2019 already. This report opened exciting Insights into the buyer behaviour of the “Smart money”.The report showed, among other things, a significant increase in the Inflow Momentum. Grayscale has never before experienced such a Momentum, as it was in the last three months of the case. A total of over $ 250 million invested in crypto-currencies.
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