TheArabianWhale

TheArabianWhale

Market Update 📊: Bullish Crypto and Extremely Bullish ETH Ethereum (ETH) is projected to reach $6,000 by the end of the year or possibly sooner. ETH ETF Trade: - ETFs have the potential to accumulate over 1 million ETH. - Currently, 3.3% of ETH’s circulating supply is held in investment vehicles globally. Trend Analysis: - ETH investment vehicle flows have been...

TheArabianWhale

BTC is currently up 12% from its recent low of 56.4k, which was triggered by bearish sentiment surrounding FED rates. This was compounded by a decrease in demand, evidenced by net ETF outflows exceeding $550m reported on Wednesday. Sellers capitalized on this lack of demand, resulting in a 16% decline in BTC over a few days, with the largest drop occurring just...

TheArabianWhale

BTC has maintained relative stability over the past two weeks, fluctuating within the $62-67k range. Spot BTC ETFs experienced a reversal, with $120 million in net outflows following a brief period of net inflows. Notably, IBIT recorded no inflows on April 24th. While the long-term impact of the halving is expected to be positive for BTC's price, short-term...

TheArabianWhale

Bitcoin recently underwent its 4th halving, a significant event known for triggering major market movements. However, this time, miners seemed to anticipate the halving by selling off Bitcoin before the event, potentially helping to stabilize the typical post-halving volatility. Global headlines are also impacting market dynamics, with recent escalations between...

TheArabianWhale

The market situation is straightforward: if we maintain levels above 60K, we're likely to see further upward movement. Conversely, if the market dips below 60K, we might test support at 58K, and holding above 54K indicates stability. Any drop below 54K could lead to a significant downturn, although such a scenario isn't anticipated in the near future. Overall,...

TheArabianWhale

TL;DR: - Bitcoin saw a 10% drop due to a liquidation hunt targeting highly leveraged positions. - Market reset with neutral funding rates. - Weekend trading expected to be quiet, with some altcoins outperforming. - Clarity on Bitcoin movement likely next week as leverage and ETF flows return. - Bloomberg analysts reduce Ethereum ETF approval odds from 60% to...

TheArabianWhale

The current market is highly active and somewhat risky. Recently, there's been a spike of interest, with many individuals borrowing more money to invest in hopes that Bitcoin will reach its highest value ever, similar to its peak in 2021. However, it's crucial to consider the potential consequences if the market sentiment suddenly shifts. If everyone is betting...

TheArabianWhale

Bitcoin futures trading on CME has been buzzing with activity, indicating a keen interest from institutional investors. Trading volume has hit a new high, with many traders betting that prices will rise, as seen from futures contract prices being higher than the spot price. Ethereum futures have also gained traction recently. They've become more popular compared...

TheArabianWhale

📈 Market Update🚀 Flows to Bitcoin ETFs have remained massive over the past week, with Bitcoin ETPs globally witnessing a net inflow of 83,500 BTC in the last 30 days. This inflow is equivalent to six months of miner rewards following the upcoming April halving. CME open interest is nearing an all-time high, reflecting a positive market sentiment as annualized...

TheArabianWhale

📈 Market Update: 17th February 🌐 The biggest resistance in the current market is around $59,000. While there may be some debate about resistance at $52,000, my focus lies on the major changes, and I don't foresee significant developments in that range. The key weekly level to monitor is between $41,000 and $44,000; staying above this range signifies a robust...

TheArabianWhale

After a period of minimal volatility, Bitcoin is currently trading above its recent highs on both the weekly and daily charts. It has surpassed the $43,800 resistance level on the weekly chart, pending confirmation at the close of the week. Similarly, on the daily chart, it has breached the $44,200 resistance level. If these breakout attempts hold until the...

TheArabianWhale

In the latest analysis post, I've closely examined the performance of Grayscale Bitcoin Trust (GBTC) with a particular focus on recent liquidity movements. Over the past week, spanning five trading sessions, a noticeable deceleration in the rate of daily outflows from the trust has been observed. Specifically, the average daily outflow rate has contracted by...

TheArabianWhale

Bitcoin has recently exited its ETF trading range after five weeks of consolidation, experiencing a downward shift. The current focus of the market is primarily on the movements of Grayscale Bitcoin Trust (GBTC), creating a complex scenario. A notable aspect is the lag in the impact of Grayscale's Bitcoin outflows moving to Coinbase. Additionally, not all...

TheArabianWhale

In the week subsequent to the introduction of the BTC Spot ETF, the cumulative trading volume across all 11 ETFs has reached $9.8 billion, with GBTC alone contributing $4.6 billion to this total. Since its transformation from a Trust into an ETF, GBTC has witnessed $1.17 billion in outflows, as shown in this link . This trend was anticipated, given GBTC's...

TheArabianWhale

Post the spot ETF approval, there was a notable surge in significant inflows marked by high volumes. However, a distinct trend emerged with the redemption of AMEX:GBTC , highlighting two crucial points: first, there has been selling pressure on GBTC, and second, the anticipated inflows were lower than initially expected. Weekends often witness limited...

TheArabianWhale

As BTC gears up for a significant shift, historical trends suggest a liquidity migration from altcoins to BTC. Yesterday's data and a thorough BTC scenario analysis lean towards a 'buy the news' stance, supported by bullish indicators in recent days: 📉 Open Interest (OI) Wipeout. 💥 Liquidation clusters favoring shorts, driving momentum. 💰 Tether printing resumes...

TheArabianWhale

BINANCE:BTCUSDT Bitcoin has recently seen a deceleration in the mid-$40,000 range, encountering resistance levels between $43,000 and $44,000 on both a weekly and daily basis. From a technical standpoint, surpassing this resistance zone is crucial for supporting a bullish continuation. Currently, the market is facing challenges in overcoming these levels. To...

TheArabianWhale

We need to break above 44-46 to go higher. ● Below 40K we nuke to 38 and potentially flush to 34K. ● Whales are de-risking here, they are still net-long but potentially sell the news event. ● Alts going up where BTC is ranging is not healthy. ● If BTC goes down, Alts could nuke, so make sure to take profits on Alts because there is a good chance they go lower. As...