Hash Rate Archives » Coin Street News

July 3, 2020 Cryptocurrency

Bitcoin COT & Data (Week Ending July 3)

Data Summary

Commitment of Traders Report:

Leveraged Funds continue to add to their large Short position
Dealers and Institutions are taking opposite sides of the trade
Nonreportable Positions yet again continue to be unshaken from their Long positions

Bitcoin Hash Rate continues to consolidate.

Fear & Greed is completely unchanged from last week. Indecision until $98XX is broken with volume.

Bitcoin COT Report

Bitcoin Hash Rate 7 Day Average

Bitcoin Fear & Greed Index

Disclaimer

June 27, 2020 Cryptocurrency

Bitcoin COT & Data (Week Ending June 26)

Data Summary

Commitment of Traders Report:

Institutional’s added to their Long positions by nearly 50% this week
Leveraged Funds are still heavy Short and adding
Nonreportable Positions continue to be unshaken from their Long positions

Bitcoin Hash Rate continues to consolidate. Sustained movement under $9000 will show how confident miners are.

Fear & Greed has seen little change this week even though price has gone below $9000.

Bitcoin COT Report

Bitcoin Hash Rate 7 Day Average

Bitcoin Fear & Greed Index

Disclaimer

June 19, 2020 Cryptocurrency Technical Analysis

Bitcoin COT & Data (Week Ending June 19)

Data Summary

Commitment of Traders Report:

Institutional’s added to their Short positions this week
Nonreportables trimmed their Longs again
Much like last week Leverage Funds continue to be strong to the Short side with little change

Bitcoin Hash Rate continues some wild swings on the 7 day rolling average chart. The next push under 9K should show us how confident miners feel about the market.

Fear & Greed has seen no change this week as traders are being cautious during this $9K-10K chop.

Bitcoin COT Report

Bitcoin Hash Rate 7 Day Average

Bitcoin Fear & Greed Index

Disclaimer

June 15, 2020 Cryptocurrency Technical Analysis

ZCash HashRate

The lower the USD price of ZCash goes the more hashrate is increasing. This shows miners are willing to speculate that ZECBTC will have good returns in an eventual bull market. Safest trade seems to be “Averaging In” a position on the weekly chart breakouts from horizontal resistances.

Disclosure. The author owns a small bag of ZEC.

Disclaimer

June 13, 2020 Cryptocurrency Technical Analysis

Bitcoin COT & Data (Week Ending June 12)

Data Summary

Commitment of Traders Report:

Dealers added to Short positions again this week
Nonreportables trimmed their longs
Leverage Funds continue to be strong to the short side with little change this week

Bitcoin Hash Rate continues to bounce on the 7 day rolling average chart. The chart has been showing strong support from miners when price is over $9K.

Fear & Greed is back under 50, and even went under 40, as traders got very spooked by the hard selloff from $10K to $9K.

Bitcoin COT Report

Bitcoin Hash Rate 7 Day Average

Bitcoin Fear & Greed Index

Disclaimer

June 7, 2020 Cryptocurrency Technical Analysis

Bitcoin COT & Data (Week Ending June 5)

Data Summary

Commitment of Traders Report:

Dealers added to Short positions this week
Nonreportables are still heavy Long and added to their exposure
Leverage Funds piled on the Shorts and continue to be strong to the short side

Bitcoin Hash Rate shows a really nice bounce on the 7 day rolling average and the raw data almost got back to the all time high this week. This is a good sign from miners.

Fear & Greed index is staying over 50 but not trying to approach 60. People feel better about price but are not overly bullish.

Bitcoin COT Report

Bitcoin Hash Rate 7 Day Average

Bitcoin Fear & Greed Index

Disclaimer

May 31, 2020 Cryptocurrency News

Bitcoin COT & Data (Week Ending May 29)

Data Summary

Commitment of Traders Report:

Sizable drop in Open Interest
Nonreportables are still heavy Long but reduced their exposure
Leverage Funds unloaded both Longs & Shorts

Bitcoin Hash Rate shows a nice bounce on the 7 day rolling average this week and likely the beginning of aconsolidation.

Fear & Greed index is back to 50% as the market is undecided while sitting under $10K.

Bitcoin COT Report

Bitcoin Hash Rate 7 Day Average

Bitcoin Fear & Greed Index

Disclaimer

May 23, 2020 Cryptocurrency News

Bitcoin COT & Data (Week Ending May 22)

Data Summary

Commitment of Traders Report:

Dealers add to their very one sided Short trade
Nonreportables are still heavy Long and adding
Leverage Funds are decidedly Short, but did some dip buying

Bitcoin Hash Rate Last week’s sizable movements in the raw data are noticeable on the 7 day rolling average this week. Hash Rate is down about 25% from halving.

Fear & Greed index is still under 50 and stable in the low 40’s.