A report from Kraken analyzes recent movements in Bitcoin (BTC), which initiated a bull run during the month of October. And he is rather optimistic about the months to come…

Bitcoin (BTC) will soon exceed its „all time high“?

This is the conclusion of the Kraken report , which was released recently. He indicates that the price of Bitcoin has been particularly volatile: starting from $ 10,384 in early October, it reached its record for the month at $ 14,080 on October 31. Since then, we know of course that Bitcoin Circuit has exceeded these levels, with a lasting breakthrough above $ 15,000 : it is trading this morning against $ 15,377:

In addition, the report recalls that the correlation between Bitcoin and the S&P 500 is at its lowest in October, at -0.43. This would indicate that BTC “ is breaking away from traditional financial assets“ . Which is a pretty good sign for the future of cryptocurrency.

A bull run that will continue for Bitcoin

October was the third most successful month in Bitcoin history , considering the median performance of BTC. Which makes Kraken say that the price will continue to climb in November, and even beyond:

“With Bitcoin hitting a 33-month record, with another price record after 3 years of downtrend, […] a breakout above $ 20,000 looks likely in the coming months. “

The indicators therefore appear to be green for Bitcoin, which took advantage of the uncertainties surrounding the US elections to boost its price at the beginning of November. However, it should be noted that yesterday it experienced a significant drop after it was learned that a vaccine against Covid-19 was viable . If he manages to exceed $ 20,000 in the coming months, he will however beat his all-time high of 2017.

Kun on kyse kiinnostuksesta Bitcoiniin omaisuuseränä ja arvon säilyttäjänä, mikään julkinen yritys ei ole asettanut digitaaliseen omaisuuteen enemmän kuin Harmaasävy, kun he luottavat BTC: hen. Ajatus julkisista yrityksistä, joilla on BTC, monista syistä kasvaa ja haastaa huipun.

Coin98 Analytics on havainnut, että 13 yritystä sijoittaa Bitcoiniin. Tästä Harmaasävy on todellakin lammen suurin kala, sillä yhtiöllä on hallussaan 449596 BTC (5,14 miljardia dollaria), jota seuraa CoinSharesin 69730 BTC (797 miljoonaa dollaria).

Suuntaus kuitenkin kasvaa, ja yhä useammat korkean profiilin yritykset eivät vain investoi kolikkoon, vaan laulavat sen ylistykset vaihtoehtoisena arvovarastona aikana, jolloin perinteisiin polkuihin suhtaudutaan moraalisen skeptisesti.
Suuri usko

On tietysti monia yrityksiä, jotka ovat sijoittaneet Bitcoiniin, koska se on osa heidän palveluitaan, kuten harmaasävy, mutta yksi yritys, joka on äskettäin julkaissut otsikoita, on MicroStratergy, yritystietoyritys, joka äskettäin investoi Bitcoiniin ja investoi sitten enemmän, istumaan 471,1 miljoonan dollarin arvoinen BTC.

Tämä MicroStrategyin sijoitus ei vain osoita yrityksen potentiaalia varastoida jäljellä oleva pääoma, vaan se tukee suurta päätä.

„Tämä sijoitus heijastaa uskoamme siihen, että Bitcoin, joka on maailman yleisimmin käytetty kryptovaluutta, on luotettava arvovarasto ja houkutteleva sijoitusomaisuus, jolla on enemmän pitkän aikavälin arvostusmahdollisuuksia kuin käteisen hallussa. Yli vuosikymmen sitten perustamisestaan ​​lähtien Bitcoin on noussut merkittäväksi lisäykseksi maailmanlaajuiselle rahoitusjärjestelmälle, ja sen ominaisuuksista on hyötyä sekä yksityishenkilöille että instituutioille.

„MicroStrategy on tunnustanut Bitcoinin lailliseksi sijoitusomaisuudeksi, joka voi olla korkeampi kuin käteinen, ja sen vuoksi se on tehnyt Bitcoinista tärkeimmän omistusosuuden varainhallintastrategiassaan“, yhtiön toimitusjohtaja Michael Saylor sanoi.
Markkinoiden muuttaminen

On tunne, että näillä suurten yritysten kryptovaluuttaan tekemillä investoinneilla on paljon tekemistä markkinoiden nykytilan ja halun vaihtoehtoisen omaisuuden kanssa. Ei monet omaisuuserät, lukuun ottamatta todennäköisesti kultaa, toimivat korrelaatiossa, joka poikkeaa perinteisistä markkinoista – Bitcoiniin asti.

Cointelegraph Markets and Digital Assets Data -sivuston vertailun mukaan S&P 500: n ja kullan muodossa olevat varastot näkevät nyt kasvavan korrelaatiomallin BTC: n kanssa.

Tämä puolestaan ​​on lisännyt ennakointia puhtaasta poikkeamisesta perinteisiltä markkinoilta – Bitcoinin „irrottaminen“ tasoittaa tietä merkittäville hintavoitoille, analyytikot väittävät.

The recent downturn in many DeFi projects suggests an overvaluation, but sales and TVL suggest there is cause for optimism.

There has been plenty of movement in the crypto market over the past month as the six-month upward trend in altcoins has come to an abrupt end while market leader Bitcoin ( BTC ) failed to break through the $ 12,000 hurdle

At the same time, the great run of decentralized financial services (DeFi) continued, as a result of which the “Total Value Locked”, ie the total assets invested in DeFi projects, rose to more than 10 billion US dollars, although it was for the exchange rates of the DeFi-Kryptos even went down slightly.

As Cointelegraph had previously reported, the DeFi crashed at the end of September after Bitcoin ( BTC ) and Ether ( ETH ) had previously fallen. The news that US President Donald Trump was infected with the corona virus then seemed to do additional damage to the DeFi market.

Although Maker ( MKR ), Uniswap ( UNI ), Yearn.finance ( YFI ) and other DeFi cryptocurrencies have suffered significant losses in the past two weeks, a lot of other data suggests that the fundamentals of DeFi cryptos are still strong are.

Makers, Uniswap and Aave deserve special mention, whose sales have increased between 130% and 440% in the last 30 days, although (!) Their prices have all fallen.

Many DeFi cryptos are overrated

It is difficult to measure the exact value of DeFi projects on the basis of standardized key figures, as the projects sometimes differ fundamentally. The most commonly used key figures are sales and Total Value Locked (TVL).

The turnover indicates how much capital DeFi projects earn from their actual product, which in turn shows how the respective demand is and what the mood is on the market.

The Total Value Locked, on the other hand, shows how much assets are invested in a DeFi project. This in turn shows how optimistic the investors are about the project and what market share it has. The TVL is also indirectly linked to the available liquidity and the volume of the staking pools.

Revenue change versus token price change of major DeFi networks. Source: Twitter.com

As can be seen from the table above, the turnover of the large DeFi projects has increased significantly in the last 30 days. Nonetheless, the associated cryptocurrencies have lost between 20% – 82%. Maker is a good example of this, because while the share price fell by 24% here, sales rose a whopping 449%.

If the TVL of a DeFi project is constant and sales are increasing, then a drop in prices indicates that the mood in the market is currently very cautious. A similar phenomenon can also be seen at Uniswap and Aave, because there are also heavy losses on the table here, while both projects have gained more than 235% in sales.

Jeff Dorman, the head of investment at Arca, explains that the fundamentals, here in the form of sales and TVL, do not necessarily have to develop in the same way as the price. Considering the apparent contradiction between the rising sales and the falling prices of the DeFi projects , Dorman writes :

“Prices and fundamentals don’t always move as you think. The DeFi are a good example of this this month. „

China’s IT ministry still has some concerns about „blockchain hospital“.

China’s first “blockchain hospital” is scheduled to open in 2021, but some members of the government are now expressing concerns about data protection

According to Cn-Healthcare , the First Affiliated Hospital of Dalian Medical University plans to start a corresponding pilot program from January 2021. The blockchain technology is to be used in the course of this to save patient data and treatment data.

The blockchain platform used is intended, among other things, to enable patients to access a so-called „Internet hospital“ via the WeChat app, which is very popular in China. One of the goals of the program is to make administrative processes increasingly contactless, which is all the more important due to the ongoing Corona crisis.

However, several members of the Chinese Ministry of Information Technology have concerns about the security of the blockchain application and also see data protection at risk.

Niu Tie, the director of the hospital, replied:

“Our IT department is under a lot of pressure from the government. As one of the leading hospitals in our region, we can assure you that we made our decisions with great caution. In addition, the data protection regulations are very strict anyway. The IT ministry has checked our blockchain application with regard to data security and also made specifications for development. “
As Niu states, the ministry has made it a condition that data can be verified and that it can be securely stored, transferred and accessed.

The ministry’s concerns may well stem from the fact that patient and treatment data is stored on WeChat’s blockchain network. Hospital management and the IT ministry now want to discuss in further discussions how security and data protection can best be guaranteed.

China is actually known as a surveillance state , which makes the government’s current concerns contradicting and almost unreliable.

However, the “Middle Kingdom” is very benevolent of blockchain technology, because in 2020 alone, Chinese companies are said to have submitted more than half of all blockchain patents worldwide . Even China’s President Xi Jinping has already publicly praised the technology .

Nella scorsa settimana, l’industria della crittovaluta ha avuto sviluppi sfavorevoli che hanno probabilmente colto di sorpresa molti trader di crittovaluta e investitori. Questo potrebbe aver portato al massiccio deflusso delle due maggiori valute crittografiche da diversi scambi. La quantità di Bitcoin (BTC) ed Ether (ETH) si è spostata dagli scambi di criptovalute nella scorsa settimana ha superato i flussi in entrata.

I deflussi di Bitcoin hanno raggiunto quasi 4 miliardi di dollari

Secondo le informazioni condivise da Glassnode, una piattaforma di analisi a catena, il deflusso di Bitcoin a catena nella scorsa settimana ha raggiunto circa 3,9 miliardi di dollari. Nello stesso periodo, solo 3,5 miliardi di dollari di Bitcoin Trader sono stati spostati negli scambi di crittografia. Nel complesso, il flusso netto dei Bitcoin spostati in entrata/uscita dagli scambi è stato di -373,7 milioni di dollari.

Oltre al rapporto sul flusso in uscita dei Bitcoin, la seconda più grande valuta crittografica ha avuto un andamento simile. Circa 723,3 milioni di dollari di etere sono stati spostati nei cambi di crittovaluta nella scorsa settimana; tuttavia, un importo più alto è stato spostato fuori da questi scambi.

I dati di Glassnode hanno mostrato che il cambio ha avuto un deflusso di 799,9 milioni di dollari di ETH, con un flusso netto di -76,6 milioni di dollari. Tuttavia, le borse cripto hanno registrato un’attività diversa con la stablecoin sostenuta dal dollaro USA, Tether (USDT). L’USDT, del valore di 2,4 miliardi di dollari, è stato spostato negli scambi la scorsa settimana. I deflussi, tuttavia, sono stati pari a 2,3 miliardi di dollari, che rappresentano un flusso netto di +107,2 milioni di dollari.

Flusso BitMEX Bitcoin in uscita

È piacevole notare che la piattaforma di negoziazione dei derivati, BitMEX, ha contribuito in modo significativo al totale dei deflussi Bitcoin della scorsa settimana. In seguito alle accuse degli Stati Uniti contro i proprietari della borsa, i trader hanno iniziato il massiccio ritiro dei Bitcoin per paura. A partire dal 3 ottobre, è stato segnalato che oltre 40.000 Bitcoin sono stati ritirati dalla piattaforma in pochi giorni.

A seguito del prezzo corrente dei Bitcoin a 10.648 dollari, questi Bitcoin rappresentano un deflusso di Bitcoin di 425 milioni di dollari su BitMEX.

On dirait que Bitcoin ( BTC ) est de retour avec sa volatilité folle car il a fait des mouvements massifs en quelques jours. Après avoir échangé au-dessus de la région de 11700 $ pendant un certain temps, BTC a dépassé 12000 $ et a atteint un nouveau sommet annuel à 12391 $. Mais au cours des dernières 24 heures, le jeton n’a pas réussi à se maintenir au-dessus de 12k et a rapidement chuté à 11579 $, perdant plus de 13 milliards de dollars en capitalisation boursière.

La correction fait suite à une course haussière de 6 jours qui aide la crypto-monnaie numéro un à gagner plus de 11,9%, mais le retrait a permis un nouveau test du niveau de 11500 $.

Des mouvements comme ceux-ci sont assez courants après un retournement de résistance de support

Bien que la cause du renversement ne soit pas claire, Bitcoin Trader est entrée dans une zone de surachat sur le RSI de 4 heures qui aurait pu déclencher une avalanche de shorts, provoquant la chute.

Il existe également une ligne de tendance haussière cruciale formant un support proche de 11640 $ sur le graphique BTC / USD de 4 heures. Si l’action des prix tombe en dessous de cette ligne de tendance, nous pourrions voir le prix passer en dessous de 11 500 $.

Et après?

Selon un trader, le niveau de 11700 $ a été crucial pour BTC pour maintenir un sentiment haussier. Il a publié un graphique indiquant qu’une cassure en dessous de la formation du triangle représentée conduirait probablement à plus de consolidation.

Pour l’instant, les taureaux BTC semblent se diriger vers 12100 $, qui est la principale zone de résistance proche de la barre psychologique de 12000 $. Une opinion similaire a été exprimée par un analyste crypto qui s’attend à une hausse de 12134 $ si BTC gère une clôture quotidienne au-dessus de 11800 $.

Une fois que le prix atteindra ces niveaux, les taureaux chercheraient à atteindre la résistance du canal entendue près de 12370 $. Au-dessus de cette zone, le rallye se poursuivrait vraisemblablement vers 12 500 $ et 12 800 $ respectivement.

Au moment de la rédaction de cet article, BTC se négocie à 11821 $ alors qu’il semble se rétablir, et la majorité des analystes crypto s’attendent à un rebond à partir de ce niveau.