Bitcoin Price: $24,651 (USD)
Bitcoin's market capitalisation = $ 475,650,386,508
Recovered $ 15,800 (Source: ARK INVEST)
After a -77% drop from the peak, it settled back at $15,800 and then recovered.
The total capitalisation of the cryptomarket rejected at $1.13 trillion on 2 February. sixteen
The proportion of long-term holders continues to increase, peaking in 2022 (Source: ARK INVEST).
The proportion of long-term holders continues to increase and several institutions are also starting to participate in the 2022 Bitcoin bear market.
Institutions such as BlackRock, BNY Mellon, Eaglebrook Adviosrs and Fidelity have already provided investment vehicles.
ARK estimates that the price of a bitcoin could exceed $1 million by 2030.
Investors reacted positively to the 5.6% year-on-year increase in inflation in the US consumer price index on 14 February and the 3% monthly growth in retail sales on 15 February.
Option put/call ratio remains bullish
A put-call ratio of 0.70 indicates that put option open interest is bullish, lagging bullish calls by 30%.
The put-call volume ratio is close to 0.40, as the options market is now more crowded with neutral to bullish strategies, doubling the call options.
From a derivatives market perspective, there are no signs of short selling demand and the leverage indicator shows that the bulls are not using excessive leverage.
Ultimately, the odds are in favour of those betting on a total market capitalisation resistance of $1.13 trillion to break through for further gains.
Current Risk
One area of concern is the February 16 story on Binance.US financial trading for Merit Peak, a trading company managed by CEO Changpeng Zhao.
https://www.blockmedia.co.kr/archives/296163
Bloomberg "Consider ending relationship with Binance's U.S. partner"... Changpeng Zhao "Not true" | media bloc
Binance Holdings, the world's largest cryptocurrency exchange, is considering terminating its relationship with its US trading partners due to investigations by government agencies and regulators, Bloomberg reported on the 17th (local time), citing sources. According to reports, Changpeng Zhao, Binance's founder and chief executive, is working with US banks and service companies.
Bloomberg "Consider ending relationship with Binance's U.S. partner"... Changpeng Zhao "Not true" | media bloc
Binance Holdings, the world's largest cryptocurrency exchange, is considering terminating its relationship with its US trading partners due to investigations by government agencies and regulators, Bloomberg reported on the 17th (local time), citing sources. According to reports, Changpeng Zhao, Binance's founder and chief executive, is working with US banks and service companies.
Bloomberg "Consider ending relationship with Binance's U.S. partner"... Changpeng Zhao "Not true" | media bloc
Binance Holdings, the world's largest cryptocurrency exchange, is considering terminating its relationship with its US trading partners due to investigations by government agencies and regulators, Bloomberg reported on the 17th (local time), citing sources. According to reports, Changpeng Zhao, Binance's founder and chief executive, is working with US banks and service companies.
Binance Holdings, the world's largest cryptocurrency exchange, is considering terminating its relationship with US trading partners due to government and regulatory investigations.
Binance is even considering delisting tokens issued by US projects, such as Circle's stable coin USDC.
