ClaymorePT

ClaymorePT

I have been keeping a eye on two things: Bitcoin trading volume and the USD margin funding loans volume at Bitfinex. The USD volume at Bitfinex funding market provides a clear picture on how much money is available to pump-up the market by borrowing money. In March, every time there was a pump, the price could rise more than $1K USD in less than 5 minutes. This...

ClaymorePT

Once again, the low volume is killing the bitcoin market. During the previous run from 10K down to 6K, the Bitfinex market was plagued by very low volume, between 1 and 10 BTC in a 1min candle chart. In this 4H chart, BTC once again is plagued by a continued reduction of the volume, showing us the lack of interest from buyers at the current levels. Investors have...