Il BTC è stato l’asset con il miglior rendimento dell’ultimo decennio del 900%

I rendimenti annualizzati di Bitcoin hanno eclissato tutte le altre classi di attività con un grande margine.

Bitcoin ha battuto tutte le altre classi di attività

Negli ultimi dieci anni, Bitcoin ha battuto tutte le altre classi di attività di almeno un fattore 10. La pietra miliare è stata notata dal CEO e fondatore di Compound Capital Advisors, Charlie Bilello, che ha compilato le prestazioni delle migliori classi di attività utilizzando i dati di Ycharts.

Rispondendo ai risultati, il ricercatore di Messari Roberto Talamas ha evidenziato che Bitcoin Revolution ha prodotto un rendimento annualizzato del 230% in media – più di 10 volte superiore alla seconda classe di attività.

L’indice statunitense Nasdaq 100 si è classificato al secondo posto con un rendimento annualizzato del 20%, seguito dalle U.S. Large Caps – azioni di società con sede negli Stati Uniti e con una capitalizzazione di mercato superiore ai 10 miliardi di dollari – con una performance annuale media del 14%. Le azioni Small Cap statunitensi sono state l’unica altra classe di attività a registrare rendimenti annuali a due cifre negli ultimi dieci anni, con il 12,9%.

Con grande dispiacere del detrattore di Bitcoin

I dati mostrano anche che l’oro ha ottenuto un misero rendimento annualizzato dell’1,5% dal 2011, con cinque degli ultimi 11 anni che hanno prodotto una perdita per questo asset. Secondo Gold Price, il metallo prezioso è sceso dell’8,5% dall’inizio del 2021, con grande dispiacere del detrattore di Bitcoin e investitore in oro Peter Schiff.

Dal 2011, i guadagni cumulativi di BTC sono pari a un enorme 20 milioni di per cento. Il 2013 è stato l’anno con le migliori prestazioni di Bitcoin, durante il quale ha guadagnato il 5.507%.

I dati mostrano anche che Bitcoin ha registrato una perdita annualizzata solo per due anni della sua storia, con BTC in calo del 58% e del 73% durante il 2014 e il 2018 rispettivamente.

Dall’inizio del 2021, BTC è salito del 108%, con i mercati che hanno raggiunto un massimo storico di poco più di 61.500 dollari domenica 14 marzo.

Perché Massive Bitcoin Miner Outflow ha questo analista Top Quant „spaventato“

Il prezzo del Bitcoin è ancora appeso a 18.000 dollari ed è solo un paio di migliaia di dollari che non vogliono spendere 20.000 dollari e iniziare il nuovo mercato dei tori. Ma i minatori della BTC, che dovrebbero tenere in anticipo il prezzo, stanno improvvisamente muovendo enormi quantità di criptovaluta, e ha un analista quantitativo di punta dell’industria „spaventato“ dalle potenziali implicazioni.

Ecco perché i flussi in uscita potrebbero essere così spaventosi nel breve termine, ma anche come potrebbero essere rialzisti nel lungo termine.

La narrazione rialzista Bitcoin del 2020 inizia a svanire

Nel mondo di oggi c’è poco da sperare, con una pandemia in atto, l’incertezza economica e i disordini politici e sociali in ebollizione. Ma nel bel mezzo di tutto questo dramma, la Bitcoin Storm sta potenzialmente diventando la Fenice che risorge dalle ceneri del disastro e della distruzione e crea una nuova era libera dal controllo del governo.

La società è ed è stata a lungo sotto la morsa del governo attraverso la politica monetaria. Le tasse sono i modi più ovvi in cui lo Stato sottrae denaro alla gente, ma l’aggiunta delle banche centrali ha permesso loro di farlo in modo subdolo attraverso l’inflazione.

Il debito che il governo compra e il denaro che stampa è pagato dal prezzo del dollaro in aumento. La Bitcoin è stata creata per eliminare tutto questo, e la narrazione non è mai stata così chiara come nel 2020.

Il porto sicuro, la copertura dell’inflazione e i racconti sull’oro digitale sono decollati e hanno portato per la prima volta il denaro intelligente. Ma allora perché, sulla base di ciò che sappiamo dei passati cicli di mercato Bitcoin, i minatori si stanno muovendo – e potenzialmente vendono – così tanto BTC in anticipo rispetto a quella che potrebbe essere la più grande fase di apprezzamento dei prezzi che l’asset abbia mai visto?

Qualunque sia la causa, il considerevole aumento dei deflussi di BTC dei minatori ha „spaventato“ il principale analista di quant’altro del settore.

Perché i minatori che spostano BTC in massa ha un analista spaventato, ma potrebbe essere rialzista per cripto

La situazione è spaventosa perché il Bitcoin potrebbe essere venduto sul mercato, mentre la crittovaluta è attualmente alle corde dal ripetere i rifiuti da resistenza a 20.000 dollari.

È stato fissato un nuovo massimo storico, e anche con tutti i FOMO in cripto, e un anno di slancio per lo più positivo, i minatori stanno invece potenzialmente scaricando le loro partecipazioni.

A rendere questa tendenza ancora più confusa, è il fatto che i nastri di hashish, il segnale di acquisto più redditizio della valuta criptata, si è appena attivato. Lo strumento viene teoricamente utilizzato per capire quando i minatori terranno BTC per il lungo raggio. Eppure BTC si muove in massa.

In un aggiornamento, il CEO di Crypto Quant, Ki Young Ju, dice che solo una piccola parte di BTC è arrivata a Binance, mentre il resto è stato spostato in un portafoglio sconosciuto. Si pensa che il portafoglio sia stato potenzialmente spostato ai fini di un affare OTC, dove la Bitcoin è venduta attraverso accordi backdoor all’ingrosso, a un prezzo leggermente inferiore al costo.

Le balene e le istituzioni usano tali metodi per evitare di influenzare drasticamente i prezzi, e i minatori potrebbero spostare alcuni dei loro negozi a questo scopo dietro le quinte per non far lievitare il prezzo del Bitcoin. In questo scenario, un numero maggiore di balene che assumono posizioni considerevoli nella criptovaluta potrebbe essere rialzista.

Ma ci sono naturalmente anche implicazioni ribassiste, come la parte più grande detenuta nel portafoglio sconosciuto di BTC potrebbe essere solo un tappabuchi fino a quando anch’essa non si dirige verso uno scambio, e viene venduta sul mercato ai compratori FOMOing a prezzi vicini al massimo storico. Solo il tempo ci dirà di quale scenario si tratta.

Bitcoin Cash (BCH) soon at $ 3000? – Kim Dotcom sees growth of more than 800%

Bitcoin Cash (BCH) is probably the best-known and most stable hard fork of Bitcoin (BTC) . After months of intensive discussion about the block size of Bitcoin, the crypto currency BCH was created on August 1st, 2017 with the aim of being the „better“ and faster means of payment. In the last 30 days, Bitcoin Cash outperformed Bitcoin with a price growth of + 31% and is therefore the second strongest crypto currency in the last 7 days after Litecoin (LTC).

The Megaupload founder Kim Dotcom, who announced a price target of 3,000 US dollars for the year 2021, caused speculation. Bitcoin Cash would then face growth of more than 800%.

Bitcoin Cash (BCH) forecast by Kim Dotcom

Kim Dotcom may be known to the majority of readers through his former company Megaupload. Kim Dotcom, whose real name is Kim Schmitz, has been commenting on the development of cryptocurrencies and the overall market for years.

In a recent tweet, Schmitz commented on Bitcoin Cash.

As the tweet shows, Schmitz has set a price target of $ 3,000 per Bitcoin Cash by 2021. He sees the explanation for the price target, which he puts at 3,000 USD without further justification, in the increasing acceptance and use of cryptocurrencies.

Specifically, he attests that Bitcoin is a store of value. By definition, this means that investors do not use the cryptocurrency for payments, but much more for storing assets. Bitcoin Cash, on the other hand, is a well-suited means of payment, which is particularly advantageous for merchants.

He expresses his confidence by retweeting this tweet next year or earlier.

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Market development as the dominant factor

Kim Dotcom predicts a Bitcoin Cash price of $ 3,000 in 2021. The internet entrepreneur argues that the adoption of cryptocurrencies in commercial trading will increase. In his opinion, BCH can benefit from this, as the cryptocurrency, in contrast to Bitcoin, has lower transaction costs with faster transaction times.

From a technical perspective, the main positive factor remains that Bitcoin Cash (BCH) rose by almost 13% in the last 24 hours, while the other top 10 cryptocurrencies show less volatility.

La banque ING s’exprime sur la solution Crypto Custody

La banque ING s’exprime sur la solution Crypto Custody lors de l’événement Fintech à Singapour

Une autre grande banque qui se rapproche d’une offre de garde cryptographique, la société néerlandaise ING, a parlé publiquement pour la première fois cette semaine de ses essais préliminaires avec des actifs numériques.

S’exprimant au Fintech Festival de Singapour, Hervé François, responsable de la chaîne d’ING, a parlé du travail effectué jusqu’à présent avec Pyctor, une infrastructure de garde et de Bitcoin Machine post-marché pour les actifs cryptographiques qui a été incluse dans la cohorte de cette année du bac à sable réglementaire de la Financial Conduct Authority au Royaume-Uni.

UBS et d’autres, est conçu pour que les banques

Pyctor, un effort de collaboration impliquant ING, ABN AMRO, BNP Paribas Securities Services, Citibank, Invesco, Société Générale, State Street, UBS et d’autres, est conçu pour que les banques se sentent à l’aise avec la cryptographie. Le projet implique des couches de sécurité telles que le calcul multipartite (MPC) et la technologie des modules de sécurité matérielle (HSM), et est également décentralisé, selon François.

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„Le réseau d’institutions financières Pyctor augmente la sécurité des actifs numériques conservés et supprime les points de défaillance uniques. Ces principes ont été au cœur des choix de conception lors de l’élaboration de projets pilotes pertinents avec nos partenaires“, a-t-il déclaré.

ING se concentre également sur la cryptoconnaissance dans une perspective de lutte contre le blanchiment d’argent (AML), en tant que membre fondateur du TRP (Travel Rule Protocol), qui comprend les actifs numériques Standard Chartered et Fidelity.

Avant de rejoindre le bac à sable de la FCA en juillet 2020, Pyctor a mené un premier projet pilote aux côtés de sociétés telles que DLA, Piper, R3 Tata Consultancy Services et Securosys. Deux gestionnaires d’actifs desservis par leur dépositaire respectif ont transféré un jeton sur le testnet d’Ethereum, représentant une obligation numériquement native émise par l’initiative d’actifs numériques de la Société Générale, Forge.

La transaction a validé le modèle de fonctionnement décentralisé de Pyctor en matière de garde sécurisée et de transfert d’actifs, a déclaré François.

Dans le confort du bac à sable réglementaire de la FCA, Pyctor a mené un autre projet pilote autour de son modèle opérationnel d’émission et de gestion de jetons. Dans ce cas, un contrat intelligent impliqué dans l’émission de jetons sur la chaîne de blocs Ethereum a été exploité à partir du réseau privé de Pyctor, a expliqué François.

„Cela a été fait de manière décentralisée en utilisant MPC et les jetons nouvellement émis ont été sauvegardés par un gardien de l’écosystème Pyctor“, a déclaré François par e-mail à CoinDesk. „La transaction a été traitée sur le réseau Ethereum, validant les hypothèses sur la viabilité de l’utilisation des chaînes de blocs publiques.

Kürzlich abgebauter Bitcoin-Block enthält diese ikonische Schlagzeile von Reuters

Diese Schlagzeile über das Allzeithoch von Bitcoin ist nun in der Blockkette der Kryptowährung verewigt
Kürzlich abgebauter Bitcoin-Block enthält diese ikonische Schlagzeile von Reuters
Titelbild über stock.adobe.com

Inhalt
Die Mainstream-Medien bestätigen die Bedenken von Bitcoiners
Ostereier, die die Anti-Fett-Ideologie definieren
Die historische Rallye von Bitcoin zu einem neuen Allzeithoch ist nun in der Blockkette der Kryptowährung verewigt.

Slush Pool, der älteste Cryptocurrency Mining Pool, enthielt in Block 659678 die sofort ikonische Schlagzeile von Reuters, die besagt: „Dollar stürzt aufgrund von US-Konjunkturhoffnungen ab; Bitcoin erreicht Allzeithoch“.

Münzbasis

Die Mainstream-Medien bestätigen die Bedenken von Bitcoiners
Der am 1. Dezember von der größten internationalen Nachrichtenagentur der Welt veröffentlichte Artikel ist genau das, worauf die Befürworter von Bitcoin in all den Jahren geduldig gewartet haben.

Er erwähnt, dass der Dollar nach erneuten Gesprächen über ein riesiges Konjunkturpaket, das den Dollar weiter schwächen würde, auf den niedrigsten Stand seit zweieinhalb Jahren gefallen ist.

Dies fiel zusammen mit Bitcoin, der größten Kryptowährung, die am 1. Dezember mit 19.918 USD ein neues Allzeithoch erreichte.

Der US-Dollar-Index (DXY), der den Wert des Dollars gegenüber anderen wichtigen Fiat-Währungen aufschichtet, liegt derzeit zum ersten Mal seit Januar 2018 unter 91.

Die lang erwartete Anerkennung von Bitcoin als Inflationsabsicherung bestätigt die Bedenken der Befürworter der Kryptowährung, die bis vor kurzem weitgehend ignoriert worden waren.

Verwandte Links

CEO eines $7,43 Billionen Vermögensverwalters ändert seine Einstellung zu Bitcoin
Ostereier, die die Anti-Fett-Ideologie definieren
Vor kurzem feierte Slush Pool sein zehnjähriges Jubiläum und nahm seinen Betrieb auf, als Satoshi Nakamotos Genesis-Block noch nicht einmal zwei Jahre alt war.

Die Tradition, geheime Botschaften auf der Blockkette zu hinterlassen, wurde von keinem Geringeren als dem mysteriösen Schöpfer von Bitcoin begründet. Tief im Code des allerersten Blocks vergraben ist die legendäre Überschrift „Kanzler kurz vor der zweiten Rettungsaktion für Banken“, die am 3. Januar 2009 von der Times veröffentlicht wurde.

Im Schnellvorlauf bis 2020 wurden die Zentralbanken noch rücksichtsloser. Block 629.999, der letzte mit einer Subvention von 12,5 BTC, enthielt eine offensichtliche Hommage an Satoshi in seiner Münzbasistransaktion in Form der Überschrift Apr. 2 der New York Times: „Mit der $2,3T-Injektion übertrifft der Plan der Fed die Rettung von 2008 bei weitem“.

Dash: Dashpay testnet finished

Next month Dash will launch two updates that have taken 5 years of development on the testnet, namely Dashpay and Dash Platform.

This was revealed on Twitter by the user Fruit Salad Panda, who also pointed out that in the last month Dash has already recovered 5 positions on Coinmarketcap, and within a few weeks he could recover more.

He is currently in 26th place, with a market capitalization of just over $1.1 billion, not far from VeChain, but tailed by IOTA.

In recent weeks the price has risen from around $65 to over $110, peaking at $120 yesterday.

It must be said, however, that it is still Ethereum Code very far from the historical maximum, or $ 1,493 touched on December 20, 2017, but it is certainly much more than the $ 40 at the beginning of the year.

After the bursting of the speculative bubble in 2017, Dash’s price collapsed until it reached $60 at the end of 2018, and since then it has never been able to go back above $180.

The current price, for example, is still lower than the price reached in July last year.

Dash’s news on the testnet
The two new features to be launched in the coming weeks are Dashpay, which allows users to create usernames on the blockchain, and Dash Platform, the developer platform with the world’s first decentralised HTTP API.

It has to be said, however, that perhaps there is too much enthusiasm in the community of supporters of this cryptocurrency.

Not only are there those who speculate that in 2021 the price may return to historic highs, but it may even exceed them by 20 times over the next few years.

If it managed to return just under $1,500, the price would have increased by 1,200% compared to today, and this already seems a risky prediction, although possible.

In order to reach the new maximums assumed, at over $30,000, it would have to grow by a further 1,900%, and this seems an even riskier forecast.

Cumulatively, with respect to the current price, it would be a gain of about 2.600%, or rather a forecast that, to tell the truth, seems to be a long shot.

As much as it is possible to make reasoning that leads to hypothesize similar scenarios, these could easily remain only theoretical, because at present they would not seem to be plausible or realistic.

Moreover, given the heavily negative performance recorded so far, after the bursting of the speculative bubble, there would instead be several reasons to hypothesize more realistically, and more prudently, that an increase in value of 2,600% in the next few years is extremely unlikely.

Bitcoin price patterns from previous bull runs suggest a top of $ 160,000 with a correction to $ 25,000

While the crypto market as such has increased significantly in value, a number of proponents of cryptocurrencies are wondering where the top of the Bitcoin price will be in the next big bull run. For example, before and after the last three bull runs for Bitcoin Billionaire, different price peaks and significant declines of over 80% were recorded. The voices are also getting louder and louder saying that the next big bull run has already started.

According to Coingecko, the total market capitalization of cryptocurrencies is currently $ 538 billion. This makes it clear that not only is the Bitcoin price approaching the level of the end of 2017, but the entire crypto market is growing and thriving.

Market capitalization of all cryptocurrencies

But while the market capitalization of around 300 billion dollars is still a long way from its all-time high (ATH), Bitcoin is on the verge of cracking its personal ATH. At the time of writing, the Bitcoin price is already within reach at just under $ 19,300. There is hardly anyone on the market who doubts that the price per BTC will soon be trading at unprecedented levels.

The only question most people are currently asking is what the new ATH is and where it might be. If the Bitcoin price follows old patterns, it could be around $ 160,000, according to an influencer and analyst. Let’s take a closer look at why this is so.

Bitcoin course history during its bull runs

In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, spoke about maintaining the current level of Bitcoin. During the report , McGlone said there was a possibility within the next 1-2 years that BTC could add another zero to the end of its price tag.

A large number of Bitcoiners also believe that the Bitcoin price could reach $ 100,000 or more. Of course, especially at times like these, discussions about the possible price range are the order of the day on Twitter and Reddit forums. What was particularly interesting, however, was what the Youtuber Colin Talks Crypto tweeted about the patterns of the Bitcoin course during previous bull runs.

Bitcoin course during the Bull Runs

The chart Colin shared shows that BTC had seen three previous bullish price periods in 2011, 2013, and of course 2017. In 2011, the Bitcoin price soared to $ 31 per BTC for the first time and then lost 94% of its value again.

As a result of the economic fiasco in Cyprus and the heyday of bartering on the legendary Mount Gox scandal, the Bitcoin price rose 37 times from its previous high of $ 1,153, according to Colin’s chart. The loyal bear market again resulted in a loss in value of 85% in the two years 2014 and 2015.

In 2017, the Bitcoin price experienced its biggest rise to date, reaching $ 20,078 per BTC on some global exchanges on December 17th. A high that is currently only around $ 700 away from our current price level. A long-lasting correction of 84% followed in the usual gear.

Bitcoin Market prepares partnership announcement with Vasco da Gama

Carioca football club prepares announcement of partnership with largest exchange in Latin America.

One of the largest exchanges of cryptomoedas in Latin America, Mercado Bitcoin, will announce on Thursday night a partnership with Club de Regatas Vasco da Gama, one of the largest football teams in Brazil.

According to an announcement by Mercado Bitcoin, Vasco TV will promote a live from 7pm this Thursday to announce the partnership, without giving more details about the initiative.

The broadcast will be attended by the president of the Administrative Board of Vasco, Alexandre Campello, and the founding partner of Mercado Bitcoin, Gustavo Chamati.

Mercado Bitcoin is one of the most important exchanges in South America, and has acted beyond the Crypto Investor market, with tokenization of other more traditional assets, such as government bonds, in addition to launching a custodian of traditional financial assets with cryptography – a partnership with one of the auditing companies that make up the so-called Big Four.

The exchange also entered into a partnership with the construction company Vitacom to allow the payment of real estate with cryptomoedas.

In September, MB’s platform began trading the Chiliz football utility token, as well as Brazilian cryptomoeda WiBX and stablecoin gold-backed Pax Gold, as reported by Cointelegraph Brasil.

Bitcoin atteint 16 400 USD alors que de plus en plus d’utilisateurs de PayPal commencent à acheter des Crypto

Bitcoin (BTC) a étendu ses gains suite à l’annonce que le géant des paiements en ligne PayPal a ouvert ses nouveaux services de cryptage à tous ses utilisateurs aux États-Unis (à l’exception d’Hawaï), doublant ainsi le montant maximum en dollars pouvant être dépensé en cryptoassettes.

(Mis à jour à 08:54 UTC pour ajouter les dernières données sur les prix et un commentaire de George McDonaugh).

„Nous sommes heureux d’annoncer que tous les titulaires de comptes PayPal éligibles aux États-Unis peuvent désormais acheter, détenir et vendre des cryptocrédits directement avec PayPal“, a déclaré hier la société.

La BTC a dépassé les 16 400 USD plus tôt dans la journée avant de corriger à la baisse.

Au pixel près (08:47 UTC), BTC s’échange à 16 192 USD et est en hausse de 2 % en un jour et de 4 % en une semaine. Parmi les 10 premières pièces par capitalisation boursière, la cryptocouronne la plus populaire n’est surpassée que par la litecoin (LTC) (+5%, 62 USD) qui est également disponible sur PayPal.

La société propose également l’éthereum (ETH) et le bitcoin cash (BCH). L’ETH est en hausse de 1 % à 459 USD, le BCH a baissé de 3 % à 251 USD.

„Bitcoin a passé 0,32 % de sa vie à 16k et plus, ce qui signifie qu’il y avait relativement peu d’acheteurs à ce niveau en 2017. De plus, l’espace était plus restreint en termes de participants. Cela est lié au fait qu’il y a très peu de vendeurs à ce niveau aujourd’hui, ce qui signifie qu’il n’y a pas de forte résistance pour que les taureaux fassent monter les prix“, a déclaré George McDonaugh, directeur général et co-fondateur de la société d’investissement en cryptocrédit et en chaînes de blocs cotée en bourse KR1, dans un commentaire envoyé par e-mail.

Il a déclaré qu’il ne s’attendait pas à ce que BTC atteigne 20 000 USD dans le cadre de la présente opération car elle se consolidera avant de repartir et de percer début 2021 : „C’est ainsi que bitcoin a aimé se comporter par le passé“.

Entre-temps, dans sa section FAQ, PayPal a confirmé qu’il a doublé le montant maximum des achats hebdomadaires de cryptocurrences à 20 000 USD, soit plus que ce qui était prévu il y a deux semaines (15 000 USD). Le montant maximum en dollars pour un seul achat de cryptographie est également de 20 000 USD.

De plus, jusqu’au 31 décembre, il n’y a pas de frais supplémentaires pour l’utilisation de ces nouveaux services.

L’entreprise a étendu ces services à 10 % de ses clients aux États-Unis il y a environ deux semaines.

A l’époque, Dan Schulman, PDG de PayPal, a déclaré que leurs clients étaient „très désireux“ de commencer à utiliser la cryptographie et que leur liste d’attente de nouveaux utilisateurs de cryptographie avait dépassé leurs attentes de „2 à 3“ fois.

Comme indiqué, la société prévoit d’étendre ses nouveaux services de cryptage à d’autres pays ainsi qu’à Venmo, l’application de portefeuille numérique de la société, au cours du premier semestre 2021.

Data shows that traders follow ’neutral‘ with Bitcoin price below US$ 15.5 thousand

Data from crypto and on-chain exchanges show that professional traders feel less confident about Bitcoin’s upward momentum below the $15,500 level.

Traders are usually skeptical after Bitcoin (BTC) „completes“ a strong performing uptrend, such as the stellar move from $12,000 to $15,950 seen in recent weeks.

The 35% gain in the last 30 days has led some traders to conclude that BTC is stretching too far and needs a downturn. On the other hand, many traders are confident that the current bullish run can continue.

The market displays mixed signals as the price of Bitcoin Cycle oscillates between $15,000 and $16,000, so many traders need to rely on its trend to confirm their investment decisions, and this is a dangerous place to be.

Bitcoin Cash reaches the lowest value against Bitcoin days before hard fork

Crypto Fear and Greed Index (Daily). Source: Digital Assets Data

For example, the Cripto Index of Fear and Greed, which is currently at 90, known as „90, Extreme Greed. Many traders seek to counter the index when it shows extremes, which means that „extreme greed“ is a signal to make a profit or trade sold, as it usually „means the market is in for a correction“ according to a web page.

Adding to this, the encryption and on-chain exchange outflow data led analyst Willy Woo to conclude that „an explosion is unlikely to happen“ To resolve this data dispute, an investor could take a closer look at the exchanges of major clients (or major traders) in the long and short position ratio.

Why billionaires are suddenly accumulating Bitcoin after a 113% gain in the year-to-date

BTC Binance’s main traders bought/sold ratio.

Notice how the main Binance traders have reacted after the Bitcoin moves. The chart suggests that traders are responding to the price rather than trying to predict what will happen. One should expect this movement from newer traders who buy the local tops and sell the dives.

It is important to note that each exchange treats the main traders‘ data differently as there are several ways to measure net customer exposure using derivatives. Therefore, any comparison between different exchanges should be done in percentage changes instead of absolute numbers.

Interestingly, OKEx data show a different approach by the main traders, with Bitcoin rising above US$ 15,800. Instead of blindly following price movements, these traders seem to be waiting up to two days before changing their strategy.
Buy/sell positions from the main OKEx BTC traders.

Although, this strategy seems smarter at first glance, adding long positions since Bitcoin failed to sustain the $15,600 level. There seems to be less despair compared to the reactive behavior of the Binance operators. Nevertheless, there are still no signs of confidence in OKEx’s long-short positioning.

Bitcoin at $18,000? BTC market capitalisation may exceed Canada’s monetary base

Sometimes it is better not to negotiate anything

Regardless of the success rate of these strategies, the ratio of long to short on both exchanges shows that traders do not feel very confident about the current Bitcoin price action. Although both appear to be currently in a slightly long position, their posture changes as market sentiment moves.

When facing mixed signals, traders should avoid trying to find more evidence to support their opinions. Doing nothing at times is the best decision, especially when even professionals seem to be changing their positions after small trend changes.

On-chain analysis, net flows from exchanges and indicators such as the Fear and Greed Index are useful. However, they should not be excluded from analysis by providing conflicting messages.

The views and opinions expressed here are those of the author alone and do not necessarily reflect the views of the Cointelegraph. Every investment and trading movement involves risk. You should conduct your own research when making a decision.