Market Update: Bitcoin Trades Below $57k (ETF Demand Weakening, Derivatives Market Analysis)

Опубликовано: 07 Декабрь 2024
на канале: _checkonchain

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Bitcoin has broken decisively below the Short-Term Holder cost basis at $59.6k. This brings the risk of a top heavy market ever closer to a reality, and prompts a deeper look at the situation.
Watch Part 2 here: newsletter.checkonchain.com

Timestamps:
00:00 Introduction
00:50 Session Overview
01:59 ETF Demand Remains Anaemic
04:01 GBTC Sell-side Pressure
05:07 Spot Market CVD Flips Sell-side
08:11 Futures Funding Rates Cool Off
09:35 Futures Open Interest and Leverage
12:10 Was this Sell-off a Deleveraging Event
13:30 Long Traders Get Squeezed

Links:
Newsletter: newsletter.checkonchain.com
Website: checkonchain.com
Charts: charts.checkonchain.com
Twitter: / _checkmatey_

About _checkonchain:
We believe Bitcoin is one of the most important assets of our time, providing investors with a reliable and secure store of value. However, one of the biggest challenges is that Bitcoin's volatility creates uncertainty, especially for those unfamiliar with the way the market trades and moves.

At _checkonchain, we help you navigate this volatility, by bringing together years of market analysis experience, and a unique perspective rooted in the study of Bitcoin’s blockchain data (onchain analysis). We provide traders and investors with expert guidance on current events, as well as frameworks for making data-driven decisions.
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Our mission? To provide unmatched Bitcoin education and insights, helping you look ahead and respond to market moves with confidence.

DISCLAIMER
Despite mankind's best efforts, none of us can predict the future, and events which have come before are in no way an indication of what may come next. All methods and concepts presented in this series shall be taken as educational, informational, and for entertainment purposes only. Nothing shall be interpreted or considered as any form of financial or investment advice of any kind. The viewer is solely responsible for their own decisions.