This chart informs about the average forecast prices, and also how close (or far apart) sit the numbers from all participants surveyed that week. The bigger a bubble on the chart means more participants targeting a certain price level in that particular time horizon. This distribution also tells if there is unanimity (or disparity) among participants.Each participant's bias is calculated automatically based on the week's close price and recent volatility. Drawing from those results, this chart calculates the distribution of bullish, bearish, and sideways forecast prices from all participants, informing about sentiment extremes, as well levels of indecision reflected in the number of “sideways”
The world’s largest cryptocurrency is approaching
1T
in market cap and is up 180% since November 2022. 45% of that growth has been recorded over the past 6 weeks as speculation continues to grow regarding the spot Bitcoin ETF. As things stand, based on the Grayscale Bitcoin Trust's NAV discount, which has narrowed dramatically, the market assigns a probability of around 90% that the Securities and Exchange Commission will approve such a vehicle.The Crypto industry as a whole is benefitting at present having added approximately $750 billion of market cap since November 2022. Looking at the Crypto heatmap below and surprisingly the major Cryptos appear to be experiencing a lull today which could also be down to some profit taking following the recent rally, while altcoins continue to rise with Avalanche up as much as 11%+ on the day.
The world’s largest cryptocurrency is approaching
1T
in market cap and is up 180% since November 2022. 45% of that growth has been recorded over the past 6 weeks as speculation continues to grow regarding the spot Bitcoin ETF. As things stand, based on the Grayscale Bitcoin Trust's NAV discount, which has narrowed dramatically, the market assigns a probability of around 90% that the Securities and Exchange Commission will approve such a vehicle.The Crypto industry as a whole is benefitting at present having added approximately $750 billion of market cap since November 2022. Looking at the Crypto heatmap below and surprisingly the major Cryptos appear to be experiencing a lull today which could also be down to some profit taking following the recent rally, while altcoins continue to rise with Avalanche up as much as 11%+ on the day.
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