Cointelegraph Consulting: Institutions keep the Bitcoin bull market on track

Cointelegraph Consulting: Institutions keep the Bitcoin bull market on track

As the institutional investment narrative continues to play out, on-chain metrics show the continued accumulation of BTC in large addresses is still ongoing, with an increase of 9% during the previous 30 days alone. This was slightly offset by the decrease in addresses holding 10-100BTC, indicating that smaller “whales” were finding the chance to take profit too good to pass up.

The year started with a surging increase in volatility and trading volume, with BTC setting a new all-time high at $41,941 before plunging back below $32,000. In doing so, annualized volatility hit a high of 97%, a figure not seen since April of 2020. 

The latest bi-weekly newsletter from Cointelegraph Consulting takes a look at how futures funding rates are impacting the market. With investors greedy to cash in on Bitcoin’s skyrocketing prices, funding rates hit new highs, exposing the market to high risk from over-leveraged positions.

Read the full newsletter edition here for more news and signals, complete with detailed charts and images.

Cointelegraph’s Market Insights Newsletter shares our knowledge on the fundamentals that move the digital asset market. With market intelligence from one of the industry’s leading analytics providers, Santiment, the newsletter dives into the latest data on social media sentiment, on-chain metrics, and derivatives.

We also review the industry’s most important news, including mergers and acquisitions, changes in the regulatory landscape, and enterprise blockchain integrations. Sign up now to be the first to receive these insights. All past editions of Market Insights are also available on Cointelegraph.com.

Title: Cointelegraph Consulting: Institutions keep the Bitcoin bull market on track
Sourced From: cointelegraph.com/news/cointelegraph-consulting-institutions-keep-the-bitcoin-bull-market-on-track
Published Date: Fri, 15 Jan 2021 13:57:00 +0000

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Wayne Roberts

Wayne Roberts – Business News   I am Wayne Roberts, I have done my bachelor’s in English literature, and further on I did my master’s in business. My most preferred genre of writing is business and finance. I have been writing from the past 5 years about articles, web content, and blogs. In my career and education, I like to play along with work. I have also been a teacher in the past for 4 years. I use to teach business and technical writing in a very famous university. However, most recently I am working as an instructor, designer, and training writer. I enjoy socializing a lot. I am a very big extrovert when it comes to my nature. A part of all this I enjoy exploring the world and traveling make me happy.

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