Recent bearish market conditions have significantly reduced bullish sentiment surrounding Bitcoin, with notable declines in positive remarks across social media platforms, potentially signaling a market bottom. Also, Bitcoin miner withdrawals…
Browsing: Bitcoin Price Correction
Crypto market analysts attribute the price decline more to Bitcoin miner capitulation than the Mt. Gox news. The BTC price has recovered back to $61,500. Bitcoin miners are now financially…
Despite Bitcoin’s recent price drop to $63,600 and ongoing bearish conditions, the derivatives market shows strong buying interest at dips, with a notable increase in call option purchases on Deribit.…
Recent research from Glassnode highlights that the majority of BTC investors remain profitable, with over 87% of the circulating supply held in profit. Glassnode’s analysis using the market value to…
Analysts like CrediBULL Crypto are cautiously optimistic, suggesting a potential bottom for Bitcoin. The $64,000 level has shown strong buying support, but if broken, Bitcoin could drop further to critical…
Analyst Willy Woo attributes Bitcoin’s recent bearish momentum to selling pressure from long-term holders (LTHs), as evidenced by spikes in the Coin Days Destroyed (CDD) metric. The prevalence of “paper…
Analyst Rekt Capital identifies Bitcoin’s position in the final stage of the halving retrace, indicating an imminent uptrend resumption. The cryptocurrency’s current re-accumulation phase and whale accumulation activities further bolster…
A lesser-known token called TIM has emerged, attracting attention due to insiders turning a small investment of $6,404 into a staggering $8.29 million within 24 hours through TIM. The TIM…
Bitcoin (BTC) continues to consolidate around $66,500, maintaining pressure on crucial resistance levels as whales show signs of “buying the dip.” Despite short-term challenges highlighted by analyst Ali Martinez, such…
Federal Reserve Chairman Powell emphasized the need for patience towards interest rate cuts creating a bearish sentiment around Bitcoin. Market analysts at Lizards Money highlight the impact of geopolitical tensions…
The Bitcoin halving historically triggered significant volatility in the cryptocurrency market, with strong rallies following the event. However, miners may begin selling their BTC holdings to offset rising mining costs,…
The impending Bitcoin halving event on April 20, 2024, adds another layer of uncertainty to the market as the BTC experiences a pre-halving retrace. Analysts like Ash Crypto predict that…
Implied volatility for Bitcoin options surged, indicating decreased confidence among market participants regarding price direction. Amidst bearish bets ahead of the April 26 options expiry, there’s speculation that the halving…
The Bitcoin funding rates have reached a record-high level last seen during the bull run of April 2021, signaling caution for any rally ahead. On-chain analysis shows that despite widespread profit-taking…
Outflows from all nine Bitcoin ETFs on Tuesday amounted to $326 million, highlighting a notable shift in market sentiment, especially among institutional investors anticipating the FOMC decision. Bitcoin’s decline is…
Investors are awaiting the outcome of the FOMC meeting later this week with chances of rate cuts seeming null amid hot US CPI data. Bitcoin’s recent price volatility and trading…
Recent data indicates a significant liquidity injection into the crypto market, totaling $48.5 billion, marking the largest capital inflow in nearly 2.5 years. Investors are optimistic about BTC surpassing its…
Bitcoin’s attempt to breach the critical $53,000 mark faced strong resistance, indicating a phase of consolidation before any significant breakthrough. Glassnode data reveals a diminishing supply of Bitcoin held at…
PlanB compares Bitcoin to making an audacious prediction regarding Bitcoin’s future value, estimating it to reach as high as $600,000 by 2025. Bitcoin futures on Centralized Exchanges (CEX) have surged…
Analyst Chris J Terry attributes the trend to the ongoing liquidation of Grayscale Bitcoin Trust (GBTC), anticipating around $25 billion in selling activity. BitMEX CEO Arthur Hayes adopts a cautious…