Category: Trading

Decline in Whale Inflows Signals Holding Behavior Bitcoin whale inflows to Binance, the largest crypto exchange by trading volume, have dropped significantly in May. After surging to $5 billion in April—a period that coincided with Bitcoin’s price recovery—the figure has now dropped to $3 billion, suggesting a reduction in selling activity from large holders. This...

The cryptocurrency market continues to navigate a complex web of macroeconomic, geopolitical, and on-chain influences. As Bitcoin (BTC) consolidates near crucial resistance, Ripple (XRP) benefits from surging futures interest, while Monero (XMR) hits multi-year highs and overtakes meme coins in market cap. Below is a technical breakdown of the current state and forecast for each...

Bitcoin (BTC) has entered a period of consolidation, trading near $103,500 on Wednesday after facing persistent resistance at the $105,000 level. This resistance zone has proven challenging, with multiple rejections over four consecutive days, signaling short-term uncertainty even as the broader market structure remains constructive.  The near-term direction may hinge on geopolitical developments, particularly the...

The Japanese Yen (JPY) continues to outperform the US Dollar (USD) for the third consecutive session, holding firm through the Asian trading hours on Thursday. The USD/JPY pair remains under pressure near the 146.00 level, driven by a combination of hawkish expectations from the Bank of Japan (BoJ) and broad-based USD weakness.  Market participants are...

The USD/INR currency pair is showing renewed upward momentum as markets transition through Thursday’s Asian session, with a particular focus on upcoming US economic data. The Indian Rupee (INR) is trading weaker amid declining domestic inflation pressures, raising speculation that the Reserve Bank of India (RBI) may opt for another interest rate cut in the...

The gold price (XAU/USD) continues its decline, reflecting a sustained bearish bias in the market amid a confluence of macroeconomic and geopolitical developments. The metal is currently trading near the $3,135 level, marking its lowest point since April 10, as investors move away from safe-haven assets in favor of riskier instruments.  This sentiment shift is...

The USD/CHF currency pair is showing signs of weakness on Thursday, slipping back below the 0.8400 level during the Asian session. However, while the pair trades with a negative intraday bias, the downside potential appears limited, thanks to a combination of global macroeconomic factors and upcoming key data releases. NordaLueur delivers a comprehensive review of...

The GBP/JPY currency pair continues to draw attention in global forex markets as it trades under notable selling pressure during Thursday’s early European session. The pair has slid towards 193.85, reflecting a mild bearish correction. Despite this short-term decline, technical indicators and broader market sentiment suggest that the bullish bias remains intact, supported by strong...

The Australian Dollar (AUD) has seen a mixed performance this week, paring back some of its recent gains even as the US Dollar (USD) struggles amid dovish economic signals. Despite the USD’s softness, the AUD/USD pair remains volatile ahead of key US economic data, with traders carefully monitoring global trade developments, Australian employment data, and...

The USD/CAD currency pair finds itself trapped in a technically delicate zone as it continues to trade below the critical 1.4000 confluence hurdle in Thursday’s session. Despite an attempted rebound from the 1.3900 support zone, the pair attracted fresh supply in the Asian trading hours, indicating persistent market caution ahead of two high-impact US events:...