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Bitcoin has seen a price increase every time the Fed has released its balance sheet in the last two weeks, specifically on March 15th and 22nd.
The next Fed balance sheet release is due in a few hours, so it will be interesting to see if the market reacts and moves accordingly.
The next Fed balance sheet release is due in a few hours, so it will be interesting to see if the market reacts and moves accordingly.
Bitcoin outflows from exchanges have continued for 10 consecutive days, with a further $200 million worth of Bitcoin withdrawn yesterday. Investors are increasingly interested in holding Bitcoin for the long term and are moving their funds off exchanges and into cold storage or other forms of secure storage.
Notably, Gemini saw a significant whale outflow of $100 million. (Graph #1 & graph #2)
When we look at the holdings of entities that hold large amounts of Bitcoin (100 to 1,000 BTC), we can see that they continue to accumulate the BTC, as indicated by a positive 21-day balance change. This may suggest that large investors and institutions are bullish on Bitcoin's long-term prospects and are actively seeking to increase their exposure to the Crypto. Graph (#3)
Just over $4B notional worth of BTC options are set to expire March 31 (tomorrow). Graph (#4)
Max pain price is $24,000
Notably, Gemini saw a significant whale outflow of $100 million. (Graph #1 & graph #2)
When we look at the holdings of entities that hold large amounts of Bitcoin (100 to 1,000 BTC), we can see that they continue to accumulate the BTC, as indicated by a positive 21-day balance change. This may suggest that large investors and institutions are bullish on Bitcoin's long-term prospects and are actively seeking to increase their exposure to the Crypto. Graph (#3)
Just over $4B notional worth of BTC options are set to expire March 31 (tomorrow). Graph (#4)
Max pain price is $24,000
Imp data release in couple of hours:
Core PCE Price Index m/m
Forecast ~ 0.4%
Different time zone:
USA Eastern Time: 8:30 AM
USA Pacific Time: 5:30 AM
UAE Time: 1:30 PM
Turkey Time: 7:30 PM
Core PCE Price Index m/m
Forecast ~ 0.4%
Different time zone:
USA Eastern Time: 8:30 AM
USA Pacific Time: 5:30 AM
UAE Time: 1:30 PM
Turkey Time: 7:30 PM
The annual rate of core PCE price index in the United States in February was 4.6%, expected to be 4.70%, and the previous value was 4.70%.
nothing major but it’s still progress for the FED, most likely the market will be pushing for more dovish expectations with this