Tag

Selling Pressure

All articles tagged with #selling pressure

"Grayscale's GBTC Transfers 12213 BTC to Coinbase Prime, Eases Bitcoin Selling Pressure"
cryptocurrency2 years ago

"Grayscale's GBTC Transfers 12213 BTC to Coinbase Prime, Eases Bitcoin Selling Pressure"

JPMorgan suggests that the selling pressure in bitcoin caused by profit-taking in the Grayscale Bitcoin Trust (GBTC) may be largely over, with an estimated $4.3 billion already leaving the trust. The bank notes that the launch of spot bitcoin exchange-traded funds (ETFs) in the U.S. has contributed to this, and predicts that outflows from GBTC to these ETFs will likely continue if Grayscale does not lower its fees. Additionally, FTX's bankruptcy estate has also added to the selling pressure by dumping around $1 billion worth of GBTC.

"Nikola Stock Plummets: Unraveling the Crash and Future Predictions"
business2 years ago

"Nikola Stock Plummets: Unraveling the Crash and Future Predictions"

Nikola Corp (NASDAQ:NKLA) shares are trading lower after the company announced proposed offerings of $100 million of common stock and $200 million of green convertible senior notes due 2026. The company plans to use the net proceeds for working capital and general corporate purposes, as well as finance or make direct investments in eligible projects. This news follows Nikola's recent increase in unrestricted cash position and comes as the stock faces heavy selling pressure, down over 54% since the beginning of the year.

Gold prices resilient despite strong US economic data
finance2 years ago

Gold prices resilient despite strong US economic data

Gold prices are facing selling pressure despite better-than-expected U.S. Flash PMI data showing expansion in both the manufacturing and service sectors. The manufacturing PMI reached its highest level since April, while the service sector PMI rose to its highest level in three months. The positive economic data suggests that the Federal Reserve's tightening cycle may have ended, easing inflation fears. However, gold is experiencing technical selling pressure as traders take profits after last week's rally.

cryptocurrency2 years ago

Crypto Inflows and Sentiment Remain Low Despite XRP Investment Product Stand Out.

Exchange inflows across major crypto assets are currently near cyclical lows, indicating a lack of participation in the sector from investors. Low participation is usually associated with sideways-moving markets, which is what Bitcoin and others are experiencing at the moment. The low inflows right now can suggest that there isn’t much appetite for selling across the crypto market, which is naturally something that could allow the tokens to build up some upwards momentum.

Ethereum's Shapella Upgrade and Beacon Chain Unrealized Losses: What Investors Need to Know.
cryptocurrency2 years ago

Ethereum's Shapella Upgrade and Beacon Chain Unrealized Losses: What Investors Need to Know.

QCP Capital predicts a deeper decline in the ETH/BTC ratio after the Shapella hard fork, citing sustained spot selling pressure in thin markets. The ratio has already declined 13.7% this year amid fears of investors liquidating coins after the upgrade. QCP Capital suggests that those at the front of the queue for withdrawals are likely to sell spot, while those further back will hedge via perps/futures. Troubled entities like Celsius might sell their staked ether balance to recover at least a portion of creditors' funds.

cryptocurrency2 years ago

Ethereum's Upgrades Spark Debate Among Crypto Analysts.

The upcoming Ethereum blockchain's Shanghai upgrade, or "Shapella," has divided crypto analysts on the future of ether's market trends. Some expect a sell-off after the upgrade as users liquidate their holdings, while others believe the expected uptick in selling pressure is already priced in and the market will bounce back in a classic "buy the news" move. The upgrade will allow users to access some $30 billion worth of ether locked in the network since the end of 2020. The LDO governance token of Lido Finance, the largest liquid staking protocol, has gained 26% since the start of the year, while competitor Rocket Pool's RPL has gained 70% since January.

Ethereum's Shanghai Upgrade: Analysts' Insights and Market Movements.
cryptocurrency2 years ago

Ethereum's Shanghai Upgrade: Analysts' Insights and Market Movements.

Analysts have differing opinions on the amount of selling pressure that could result from Ethereum's Shanghai upgrade, which will allow validators to withdraw staked ether and rewards that have been locked up. JPMorgan expects ether to face selling pressure as more than one million ether staking rewards become instantly available this week, while Bank of America expects increased volatility around the event. Coinbase believes that a sell-off in ether should be relatively limited. ETH performance around the Shanghai Fork will be less dependent on technicals and more contingent on what "risk" is doing at the time.

Ethereum's Shanghai Upgrade Eases Selling Pressure, Promising Potential Increase.
cryptocurrency2 years ago

Ethereum's Shanghai Upgrade Eases Selling Pressure, Promising Potential Increase.

On-chain analytics platform CryptoQuant believes that the upcoming Shanghai upgrade for Ethereum, which will allow the unstaking of Ethereum on April 12th, is unlikely to trigger above-normal selling pressure. This is because most of the staked Ethereum is currently at a loss, meaning that the selling pressure is likely to be lower than expected. Additionally, a significant portion of the deposits made by the Lido pool is currently underwater. Over 16.5 million Ethereum is currently staked, which is approximately 14% of the total supply.

Ethereum's Upgrades and Proposals Fuel Price Surge and Predictions.
cryptocurrency2 years ago

Ethereum's Upgrades and Proposals Fuel Price Surge and Predictions.

Ethereum's upcoming Shanghai upgrade could result in $2.4 billion worth of selling pressure as users withdraw their staked ether and Celsius liquidates its staking balance. However, the expected supply boost amounts to just 20% of ether's average daily trading volume, and the selling pressure will likely be distributed over several days, allowing buyers to match it without much impact on the price. Additionally, a large share of ether stakers are long-term investors and are unlikely to liquidate their holdings after the upgrade.

Bitcoin's Macro Uptrend Threatened by US Government's 41,500 BTC Stash.
cryptocurrency2 years ago

Bitcoin's Macro Uptrend Threatened by US Government's 41,500 BTC Stash.

Bitcoin has officially entered a macro uptrend ahead of the halving event next year, breaking its macro downtrend and forming a bullish quarterly engulfing candle. However, the US government's scheduled liquidation of 41,500 Bitcoins from the Silk Road marketplace is expected to continue to act as a sentiment dampener. Despite the recent lawsuit against Binance, Bitcoin's price trajectory remains unaffected, suggesting that weak hands have already been eliminated. While a double-top pattern may signal short-term weakness, Bitcoin's macro uptrend is expected to remain intact.