$BTC: On-Chain Analyst Willy Woo Claims Futures Market Is Suppressing Bitcoin Price

www.cryptoglobe.com

Popular crypto analyst Willy Woo says that the price of Bitcoin is being suppressed and manipulated by opponents via the futures market.  Woo made his argument in a series of tweets, in which he explained that the futures market for Bitcoin has opened the door for price manipulation.

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Timeline of Bitcoin


Grayscale's GBTC Discount to NAV Breaks Records as Spread Widens by More Than 35% - Bitcoin

Grayscale Investment's Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC's discount to spot has been underwater for a total of 577 consecutive days.


Top Analyst Says Short Squeeze Incoming, Predicts Rallies for Bitcoin, Ethereum and Chainlink - The Daily Hodl

A widely followed crypto analyst is predicting an abrupt rally for a trio of digital assets fueled by short sellers. Crypto strategist Michaël van de Poppe shares to his 628,000 Twitter followers a tweet by financial researcher Jason Goepfert.


Bitcoin Shows Resilience In Dollar-Driven Bloodbath | BTCUSD September 26, 2022 - NewsBTC

In this episode of NewsBTC's daily technical analysis videos, we examine the recent resilience in Bitcoin compared to traditional assets like gold, oil, and the S&P 500. We also compare BTC to the DXY Dollar Currency Index and past crypto bear market bottoms.

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Hedge Fund Veteran Mark Yusko Predicts ‘Face-Melter' Crypto Rally, Says Bitcoin Has Bottomed Out - The Daily Hodl

Morgan Creek Capital Management founder and CEO Mark Yusko thinks that crypto already saw the worst of the bear market when Bitcoin (BTC) slid close to the $17,000 level this month.


Bitcoin Active Addresses Stay Low, A Hint That Demand Isn't There Yet - NewsBTC

On-chain data shows the number of active Bitcoin addresses have remained at a low value for a while now, suggesting there isn't much demand for the crypto currently. Bitcoin Active Addresses Have Continued To Move Sideways Recently As pointed out by an analyst in a CryptoQuant post, the BTC network activity has been low in recent days, implying there isn't enough demand for a bull rally just yet.


Why Bitcoin Bulls Might Be Ready To Breach $20,000 Into The Monthly Close - NewsBTC

Stuck right below its 2017 all-time high, Bitcoin is moving sideways with low volatility over the past few days. The crypto market is preparing to close another monthly candle in the coming days.


Bitcoin Above $19K Level Despite US Dollar Index Reaching Highest Level in Over 20 Years - CryptoGlobe

On Monday (September 26), the Bitcoin price is somehow managing to stay above the $19,000 level and in the green (i.e. up on the day) despite the intense pressure on risk-on assets such as crypto and stocks with the U.S. Dollar Index (DXY) at a 20-year high.


Analysts Think Bitcoin Is Going to Fall Even More - LiveBitcoinNews

Bitcoin and Ethereum have been having a tough time. The problems began again at the end of August when Jerome Powell, the leader of the Federal Reserve, made a five-minute speech suggesting the agency was going to be ruthless in its attempts to curb inflation.


Bitcoin Price Clings to Near Term Support Despite Latest Dollar Index Surge - Cryptonews

The US dollar experienced a substantial increase over the weekend. Since the dollar usually trades inversely proportional to Bitcoin, analysts predicted that the Bitcoin price should have declined over the weekend. However, Bitcoin appears to be holding steady.


DBS's new crypto trading service allows clients to trade in Bitcoin, Ether, and XRP - Tokenpost

DBS, the largest bank in Southeast Asia, is making it easier for clients to access Bitcoin (BTC), Ether (ETH), and XRP. The bank has launched self-directed crypto trading via its app giving its qualified customers access to the banks digital asset exchange and trade in popular cryptocurrencies.

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