Ethereum longs have fallen below two million eth for the first time since they reached this level earlier last month.

That’s on just one exchange, Bitfinex, where they have dropped from 2.13 million eth to ◊1.98 million.

Ethereum and bitcoin longs and shorts, December 2020
Bitcoin longs have dropped quite a bit more by 10,000 BTC, worth some $180 million at the current price.

On derivatives, shorts have also been far more dominant until longs overtook at around 1PM UTC (pictured above).

This closure of longs on spot exchanges may have put some pressure on price, with some potentially being liquidations but some may be profit taking.

In the case of the latter they may well enter the market again with it appearing Europe is somewhat bullish recently while America seems to be more neutral.

Asia however has been more downbeat, with bitcoin’s downwards performance corresponding to Asian time.

The Chinese Communist Party has been cracking down on OTC to crypto pipelines to the point it even affected small miners.

That may have led to some perhaps temporary selling pressure as the west welcomes the new stock market investors into bitcoin and eth at the tune of half a billion for last week.


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center]Bitcoin index funds: Should Grayscale be worried?[/center]

2020 has been an incredible year for many firms trying to incorporate Bitcoin into their larger financial systems. Grayscale took the leap first, in the minds of many, with Coinshares and Bitwise making noise as well. These Crypto-Index Funds are regulated and their main focus has been the market’s institutional investors.

For context, Grayscale currently holds over 2% of the total Bitcoin in circulation, and it is extremely appealing for investors that do not want to hold Bitcoin directly and purchase through an IRA or brokerage account.

However, there are certain downsides and in this article, we will try to figure out if these crypto-index funds might face any competition in the future

Bitcoin as an asset is based on the foundations of being decentralized, away from anyone’s control. Hence, these regulated crypto-trusts kind of take the idea of holding Bitcoin in a different direction for the market’s investors.

Now, even though the likes of Grayscale, Bitwise, and Coinshares are sizable businesses, these corporations fall under the extremities of the prevailing regulations. Ergo, they are not tradable on major exchanges. So, it is basically holding Bitcoin, which is harder to access and possibly less liquid due to its untradable nature.

In light of the complications around regulated crypto-funds, the rise of DeFi and its financial products might have a lot to say down the years.


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Bitcoin has been facing immense turbulence ever since its price reached the mid-$19,000 region. Although many investors expected it to rally after tapping these highs, the selling pressure here proved too intense.

This has resulted in BTC seeing multiple consolidation phases as well as multiple strong selloffs. So long as this trend persists in the mid-term, BTC will likely drift lower before reaching a level with enough support to spark a long-lasting uptrend.

One trader explained that this latest move lower “annihilated” Bitcoin’s support, leaving the bottom of its cloud as the last crucial support.

At the time of writing, Bitcoin is trading up just under 1% at its current price of $18,450. This marks a notable decline from weekly highs of $19,400.

It also marks a slight rebound from its overnight lows of $17,640 that were tapped during the selloff.

The rebound from this level was both intense and bullish, but it still has a way to go before it can see any serious momentum in the mid-term.


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Following the steep price drop of nearly $2,000, bitcoin bounced off the $17,600 bottom and has risen above $18,000 again. Most alternative coins have also recovered some of the losses, and the market cap has added about $20 billion since yesterday.

After the relatively calm weekend bitcoin had where it dabbled with the $19,000 price tag, the cryptocurrency experienced a significant drop yesterday. BTC went from a high of $19,300 to $18,000 before continuing south to the intraday bottom of about $17,600.

This became bitcoin’s lowest price registered in December. Nevertheless, the bulls took control at that point and didn’t allow any further declines. In the following hours, the primary cryptocurrency charged to $18,600 before retracing slightly to about $18,350.

From a technical viewpoint, BTC’s most significant support levels are situated at $18,000, $17,560, and $17,250. Alternatively, the digital asset has to overcome the $18,500 and $18,700 resistance lines if it’s to challenge $19,000 once again.


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Ayon sa mga analista sa pananalapi ng JPMorgan Chase, dahil ang Bitcoin ay naging mas malawak na pag-aampon, ang ginto ay kukuha ng backseat bilang isang alternatibong pag-aari ng hedge. Habang nakikipagkumpitensya ang dalawang klase sa pag-aari para sa pagbabahagi ng merkado, naniniwala ang mga analista na ang Bitcoin ay magsisimulang lumaban sa ginto at makakuha ng pansin ng mga bago at pangmatagalang namumuhunan.

Ang mga diskarte tulad ng Nikolaos Panigirtzoglou ay napagtanaw na ang puwang sa pagitan ng dalawang mga assets ay makitid at ang Bitcoin ay maaabutan ang ginto sa oras para sa dami ng merkado.

Ayon sa data at opinyon ng dalubhasa, ang pangunahing paglilipat na ito ay malamang na magiging resulta ng pamumuhunan ng institusyon at pag-aampon mula sa mga pampinansyal na kumpanya at mga platform ng pagbabayad. Ang mabilis na pagtaas ng Grayscale upang bumili ng Bitcoin at Ethereum upang idagdag sa mga assets nito sa ilalim ng pamamahala at mga tiwala ay inalog ang merkado na humahantong sa isang paggulong ng interes mula sa iba pang mga namumuhunan. Ang suporta ng PayPal para sa pagbili ng cryptocurrency ay nakatayo rin bilang isang makabuluhang paglipat; paggabay sa mga bagong namumuhunan patungo sa Bitcoin.

Sa higit na kaginhawaan at mas kaunting pag-iingat, ang merkado para sa cryptocurrency ay pumasok sa isang antas ng kadalian na dati ay hindi nakikita. Habang ang mga bagong namumuhunan at malalaking balyena ay nagdaragdag ng Bitcoin sa kanilang mga portfolio, ang ginto ay hindi pa nakakakuha ng isang pagbagsak. Naniniwala ang mga analista na ang karayom ​​ay lilipat mula sa ginto patungong cryptocurrency kapag ang Bitcoin ay kumakatawan sa bilyun-bilyong dolyar na nailipat. Hindi ito magiging isang panandaliang kalakaran, ayon sa JPMorgan, ngunit mas malamang na isang medium hanggang sa mas matagal na prospect:

"Kung ang medium na ito sa pangmatagalang thesis ay nagpapatunay na tama, ang presyo ng ginto ay magdusa mula sa isang pag-agos ng agos ng istruktura sa mga darating na taon."


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Massive amounts of Ripple’s XRP have been transferred to various exchanges, including $400 million sent to Bithumb in three separate transactions.

One possible explanation for this could be the fact that there’s the SPARK (FLR) airdrop coming in two days, causing investors to capitalize on the opportunity and receive 1:1 FLR tokens on their XRP holdings.

Data from the well-known whale-tracking transaction resource Whale Alert shows a multitude of XRP transfers, each of which exceeds the boundaries of a regular transaction.

Around 9 hours ago, three separate transfers saw upwards of $400 million worth of XRP moved to the popular cryptocurrency exchange Bithumb.

But that’s just one example. Since then, millions of XRP has been transferred to various addresses, where each transaction meets the criteria of Whale Alert. A lot of the movement also happened to exchange wallets.

For instance, one user transferred about $24 million to Huobi, whereas many transactions took place between unflagged addresses.

While the reasons for the transfers could be numerous and remain undisclosed, one possible explanation could be the upcoming SPARK (FLR) airdrop.

This is an event that will distribute millions of FLR (Flare Network) tokens and is already supported by the majority of the most popular exchanges, including Huobi and Bithumb, where the above transactions took place to.

As CryptoPotato reported, the airdrop will happen at a rate of 1:1. This means that for every XRP that users have, they will receive a free FLR token. The number of XRP will be determined by a snapshot taken on December 12th. The exchanges have different participation criteria, but in general, the concept is fairly similar.

This could explain why people are transferring big chunks of their holdings to an exchange wallet. After all, the FLR token will begin trading at some point, and it’s literally free for people to acquire it.

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Ang Bitcoin at Ethereum ay bumagsak nang labis sa nakaraang 24 na oras. Bagaman ang mga presyo ay bumalik sa mga antas ng pre-crash, maraming mga tagapagpahiwatig na panteknikal ang nagmumungkahi ng pinakamasamang darating pa.

Ang Bitcoin ay kumuha ng 6% nosedive sa huling 24 na oras na nakita ang pagbaba ng presyo nito sa ibaba ng marka na $ 18,000 sa kauna-unahang pagkakataon sa loob ng isang linggo.

Ang cryptocurrency ng payunir ay nagawang tumalbog nang malaki, na nakuha muli ang antas na $ 18,300 bilang suporta. Kahit na ang kamakailang bullish salpok ay mukhang may pag-asa, maraming mga tagapagpahiwatig iminumungkahi na ang BTC ay patuloy na mahuhulog.

Isang dahilan sa likod ng bearish tumble ay ang Mt. Ang paparating na pamamahagi ng Gox exchange ng halos 140,000 BTC sa mga biktima ng pag-shutdown ng platform noong 2014. Dahil sa pagpapahalaga sa presyo ng Bitcoin mula noon, makatuwirang ipalagay na maraming mga tatanggap ang magbebenta ng kanilang mga bagong natanggap na mga token sa bukas na merkado.

Ang isang $ 3 bilyon na iniksyon ng Bitcoin ay maaaring maging katalista na nagpapasiklab sa susunod na pangunahing pagwawasto.

Kapag isinasaalang-alang na ang ilan sa mga tinaguriang "balyena" ay na-offload ang kanilang mga barya mula Nobyembre 18, ang potensyal na pagtaas ng presyon ng pagbebenta ay maaaring magkaroon ng lakas upang itulak ang mga presyo na mas mababa.

Ipinapakita ng tsart ng pamamahagi ng may-ari ng Santiment na ang bilang ng mga address na may hawak na 10,000 hanggang 100,000 BTC ay bumaba nang malaki. Halos pitong mga balyena ang umalis sa network o muling namahagi ng kanilang mga token, na kumakatawan sa isang 2.7% na drop sa isang maikling panahon.

Ang bumababang bilang ng mga whale ng Bitcoin sa network ay maaaring mukhang hindi gaanong mahalaga sa unang tingin. Gayunpaman, ang malalaking namumuhunan na ito ay mayroong $ 183 milyon at $ 1.83 bilyon sa BTC. Kaya, ang pababang presyon mula sa mga gumagamit na ito ay makabuluhan.

Kung magpapatuloy ang pagbebenta, ang Bitcoin ay maaaring nakatali sa isang matarik na pag-redirect.

Ang tagapagpahiwatig ng sunud-sunod na TD ay nagdaragdag ng pagtitiwala sa pesimistikong pananaw. Ang teknikal na indeks na ito ay nagpakita kamakailan ng isang nagbebenta ng signal sa anyo ng berde na siyam na kandelero sa 1-buwan na tsart ng BTC. Ang pagtataya ng bearish na pagtataya ng isa hanggang apat na buwanang mga candlestick na pag-pullback bago ipagpatuloy ang pagtaas ng trend.


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