Omkar Godbole

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.

Omkar Godbole

Latest from Omkar Godbole


Markets

Binance Destroys 1.6M BNB Tokens in First-Ever Auto Burn

Token burns are supposedly deflationary and usually meant to bring a store of value appeal to the cryptocurrency.

(Pixabay)

Markets

Technical Indicator Points to Bitcoin Price Bounce

The impending bearish moving-average crossover on the weekly chart has proven to be a contrary indicator in the past.

Bitcoin's price chart showing an impending bear cross between the 10- and 50-week moving averages. (TradingView)

Markets

Case for Bitcoin Bottom Near $40K Is Weak as Institutions Stay Away

One observer said traders may be better off trading bitcoin volatility than taking directional bets.

Gráfico que muestra el descenso de bitcoin en poder de fondos estadounidenses y canadienses, y de ETFs y ETPs canadienses y europeos. (ByteTree)

Markets

Bitcoin's Options Market Trims Bearish Bias as US Inflation Report Looms

Bitcoin's put-call skews recede, signaling waning demand for downside protection.

Bitcoin's put-call skews recede as demand for downside protection wanes. (Skew)

Markets

Blockchain Indicator Suggests Bitcoin Could Be Close to Bottoming Out

Bitcoin looks undervalued relative to the annualized dollar value of coin dormancy.

Bitcoin's entity-adjusted dormancy flow drops under $250,000, indicating a price bottom ahead (Glassnode)

Markets

Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms

Some institutions use crypto equities as a proxy for cryptocurrencies, one value investor said.

Crypto stocks tank along with bitcoin (CoinDesk, TradingView)

Markets

Bitcoin Dips Below $40K as ‘Death Cross’ Looms on Price Charts

The past record of the “Death Cross” as an indicator of deeper drawdowns is mixed.

Bitcoin's previous death cross was a bear trap (TradingView)

Markets

Turkish Lira Is Now More Volatile Than Bitcoin

The lira nosedived in the final quarter of 2021 as Turkey cut interest rates amid high inflation.

Bitcoin and USD/TRY price charts and historical volatilities. (TradingView)

Markets

Bitcoin Slips to 3-Month Low, Analysts Divided on Impact of Fed’s Tightening

The fears of the Fed’s tightening leading to a prolonged bear market in stocks and digital assets might be overblown, one observer said.

Bitcoin slips to three-month low (CoinDesk, Highcharts.com)

Markets

Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts

On-chain metrics like the “paper hands” ratio from Glassnode suggest a bottom could be nearing, one analyst said.

Chart showing a pick up in BTC-denominated open interest and neutral-to-negative funding rates (Arcane Research, Glassnode)