Stock market investment veteran and co-founder of $ 70 billion fund Mayo Van Otterloo, Jeremy Grantham, has pledged to spend 98 percent of his net worth – approximately $ 1 billion – on what he sees as a race against the ticking time bomb of humanity’s fragile deal with the environment. Bloomberg reports that through his foundation, Grantham and
The Dow Jones Industrial Average is rebounding, but computer trading bots are alerting investors to short everything. Trading Bots Suspicious of Dow Winning Streak According to quantitative investment firm AlphaSimplex, algorithmic trading bots suggest shorting three major asset classes: stocks, currencies, and commodities. “Pretty much any way you run the models, you end up net short
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Mark Dow, a hedge fund manager and former International Monetary Fund economist, has publicly announced that he has closed his BTC short position. Based on his blog, it appears that Dow likely entered the trade when BTC was trading at around $ 14,000.
Mark Down Closes Out BTC Short
Earlier this week, Mark Dow took to Twitter to announced that he had closed his BTC short position in its entirety, posting: “Today I say goodbye to the bitcoin short. Sad!”
Mark Dow, a former International Monetary Fund economist who manages a family office in southern California, has finally closed a short position he opened against Bitcoin (BTC) at the height of the market last December, shortly after Bitcoin futures began trading. In a recent tweet, Dow put it simply, “Today I say goodbye to the bitcoin short. Sad!” […]
The cryptocurrency market moved higher on Monday, with Bitcoin (BTC) and most major altcoins gaining more than 10% during the day. In recent weeks, many crypto bears have been doubling down on their short positions predicting new lows, similar to when bullish investors take out long positions when the market is trading near all-time highs. However, according […]
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The Bitcoin Cash (BCH) short interest on Bitfinex has surged more than 300% in November to an all-time high leading up to the November 15 hard fork. According to data from TradingView, the short contracts total 104,531 BCH, equalling $ 54,704,208 at current prices. This is a significant hike from the roughly 25,000 BCH sold short on […]
Bitcoin (BTC) is expected to retrace after a prolonged rally since the beginning of this month. The 4H chart for BTC/USD shows that the price has entered a rising wedge. We can see that the price has already faced rejection three times at the top of the wedge and is now preparing for a fall. RSI has also entered overbought levels short term and is thus expected to correct in the near future. This should not come as alarming news for investors expecting a reversal. The big picture is still very much intact and Bitcoin (BTC) is starting to begin a new cycle. However, we believe that we may see some downside before sustained long term upside.
Short-sellers have started to scale back their positions against Bitcoin (BTC) on Bitfinex. According to the latest data, total short interest on Bitfinex is currently at 21,917 BTC, or roughly $ 141,364,650, which stands at nearly 45% of recent highs. This drop in short interest corresponds with a recent increase in price. Since hitting a low of $ 6,250 […]
Ripple (XRP) has defied Bitcoin (BTC)’s gravitational pull these past few weeks. The above 1H chart for XRP/USD shows that Ripple (XRP) has surged aggressively these past few days. There have been no signs of a slowdown. However, all of this might soon be coming to an end as Ripple (XRP) risks major sell off short term. Ripple (XRP) has entered an extended rising wedge on the 1H timeframe. The price is extremely likely to fall below this rising wedge towards the near term support.
It has been an incredibly bullish week for XRP, the cryptocurrency managed by leading blockchain startup Ripple. The price of XRP is now up over 56% in the past week, surging over 30% in the last 24 hours alone. This run-up has been driven by speculation from a series of announcements made by Ripple. This includes […]
Bitcoin bears have not been phased by the recent weeks of relative price stability, as short interest on Bitfinex has remained near all-time highs for the better part of the last two months. The next major fundamental event that should provide direction to Bitcoin is the September 30 SEC decision to allow or deny the listing of the Cboe […]
In April 2018, former New York Attorney General Eric Schneiderman sent off inquiries to more than a dozen cryptocurrencyexchanges to learn more about their internal operations. Now, after months of investigation, the New York Attorney General’s office has made its findings public.
A report titled “Virtual Markets Integrity Initiative,” released on Tuesday, September 18, 2018, confirms what many already know to be true: Many cryptocurrency exchanges do not have proper consumer protections in place and are often targets for market manipulation.
Cryptocurrency prices are back on the mend after a great majority of digital assets plunged last week losing 10-20 percent or more in value. Since then, the digital currency economy has regained some strength bouncing back from a low of US$ 186 billion to $ 205 billion on Saturday, September 15.
Ethereum (ETH) investors have finally received some reprieve from the digital currency’s month-long selloff, but more pain could be ahead as short interest has just hit yet another all-time high. Over the past 24 hours, Ethereum has jumped 18%, retaking the $ 200 level to finally settle around $ 206.16. While such a move would commonly spark a short […]
When we last discussed the ETH-USD pair, the price was testing support in the mid $ 200 range.
Since then, the market has dropped another 30% as ether tests the waters in the upper $ 190 range:
Figure 1: ETH-USD, 1-Day Candles, Macro Trend
The volume on the current drop has been exceptionally high compared to the beginning of its descent from the $ 800s. However, one thing to note is how little the last few candles have progressed compared to the large amounts of sell volume accompanying the movement — and this actually makes sense on a basic level. Oftentimes, markets love nice round numbers (in our case, $ 200) and you can clearly see a line of historic support in the $ 200 range (shown by the red dashed line).
While the cryptocurrency market has stopped falling and is currently trading relatively flat, many investors see more pain to come as the short interest for both Bitcoin (BTC) and Ethereum (ETH) have recently reached all-time highs. After being turned away at the $ 7,400 mark, Bitcoin fell rapidly and is currently trading just shy of $ 6,500 […]
Manipulation within the cryptocurrency market has been one of the main issues that the U.S. Securities and Exchange Commission likes to cite when turning down proposals for Bitcoin-backed exchange-traded funds (ETFs). While some observers disagree with its reluctance to list these ETFs, the SEC’s core reasoning is sound. The latest evidence of potential manipulation within the […]
The bearish pressure among all cryptocurrency markets is intensifying at an accelerated pace. This trend is not entirely surprising, as various market indicators have highlighted a correction was coming. For the Ethereum price, the recent mainstream media coverage isn’t helping matters all that much either.
Ethereum Price Heads to $ 250
After a few days of positive market momentum, things are returning to how they were during most of 2018. All cryptocurrencies suffer from increasing market pressure, and any sort of momentum established earlier is being wiped out very quickly. The Ethereum price is a good example in this regard, as it has already lost 10% of its value in just a few hours today.
Bitcoin (BTC) is now at a critical point as Bitcoin Shorts reach all time high as can be seen on the daily chart above for BTCUSDShorts. The last time the number of shorts for Bitcoin (BTC) was this high, we witnessed a massive short squeeze which liquidated a large number of short positions and hurt the bears badly. Before the massive short squeeze there was a 50.79% rally after a red candle in April 2017 for Bitcoin Shorts as can be seen on the chart above.