Bitcoin has dropped over 16% this quarter but remains up 7%, contrasting with a 56% drop in Q2 2022. Analysts note that many underwater holdings come from investors in U.S. Spot Bitcoin ETFs at high cost bases, and long-term holders are accumulating rather than selling, signaling strong conviction. However, regulatory setbacks and ongoing macroeconomic uncertainties could test this confidence going forward. If conviction weakens, a 2022-style bear market could become more likely.
Bitcoin is approaching the key $70,000 price level, where nearly $500 million in buy orders are clustered just below the current price, signaling strong buyer interest. This liquidity concentration is critical as over $2 billion in long positions cou...
The cryptocurrency market is consolidating within a tight range after a volatile period marked by institutional de-risking and geopolitical shifts. Major assets like Bitcoin, Ethereum, and BNB show stability, though Bitcoin faces resistance near $77,...
U.S. spot Bitcoin ETFs experienced their tenth consecutive day of net withdrawals on May 29, with $125 million exiting, signaling reduced institutional interest. Ethereum ETFs also extended their outflow streak to fourteen days, reflecting subdued de...
Solana (SOL) briefly dropped below $82 before rebounding above $86, highlighting its volatility and active dip-buying interest. Despite a weekly decline, trading volume rose over 7%, signaling resilient spot activity. ETF assets for Solana have surpa...
Bitcoin's 200-week moving average (200WMA), a key long-term trend indicator, has surpassed $61,000, as highlighted by Bitcoin pioneer Adam Back. This moving average is significant because it often marks the boundary between bear and bull markets and ...
