Bitcoin Falls Below $64K Following $900M of ETF Outflows
What was Bitcoin's price and percentage loss after the Mt. Gox announcement?
Following the Mt. Gox announcement, Bitcoin's price slipped to $60,723, registering an over 5% loss on a 24-hour basis.
What trading pattern is Bitcoin currently exhibiting?
Bitcoin is currently exhibiting a "Bart Simpson pattern," which is characterized by a sudden price movement, a period of trading close to a particular price, and a sharp price movement in the opposite direction. This pattern is seen more frequently in the crypto market and is considered a bearish indicator when Bart's spiky hair is upright, and bullish when inverted.
What does the CryptoQuant's Coinbase premium index indicate?
The CryptoQuant's Coinbase premium index measures the difference between the Bitcoin price listed on Coinbase Pro (USD pair) and that listed on Binance (USDT pair). It is used to track institutional whale's movement and shows a sign for "whale accumulation1." A high premium value could indicate strong buying pressure from US investors.