Bitcoin Market Overview (November 14, 2023)
Transaction volume: Large transaction volume decreased by 9.7%, while daily active addresses saw a marginal increase of 0.7%.
Transactions exceeding $100,000 dropped from 11,191 to 10,285 within a day.
Exchange netflows witnessed a 75% decline.
Liquidations: Coinglass data reveals 80,297 traders liquidated in the past 24 hours, amounting to $277.81 million.
Rekt Capital observed a historic monthly close for Bitcoin dominance, last seen during the early 2019 macro uptrend.
Bitcoin ETFs: Crypto chart analyst Ali Martinez highlighted Bitcoin ETFs inflows exceeding $520 million, the highest since their launch.
An economist predicts Bitcoin could reach $79,000 by year-end, while another trader anticipates $80,000 post-election.
Jelle: Despite Bitcoin prices falling below $70,000, trader Jelle advises against panic selling.
Marks observes Bitcoin confirming its fourth consecutive post-halving bull signal, historically followed by significant rallies. He anticipates another substantial surge.
Benzinga's Future of Digital Assets event: Scheduled for November 19th, this event will delve into Bitcoin's influence as an institutional asset class.
Bitcoin price: Bitcoin fluctuates around the $70,000 mark, prompting questions about its future trajectory.