Abraxas Capital has significantly raised its short positions on Bitcoin and Ethereum to a combined value of approximately $111 million, according to on-chain data. This move indicates a cautious or bearish stance on the two largest cryptocurrencies, which often influence overall market sentiment. While the increase in shorts may reflect a hedge or negative outlook, it does not guarantee a price drop. Market participants are watching closely as such large bets can impact trading strategies and risk assessments.
Anthony Scaramucci, founder of SkyBridge Capital, forecasts Bitcoin to rise through 2026, potentially reaching $70,000 to $75,000 by year-end despite a bear market and regulatory hurdles like the uncertain passage of the CLARITY Act in the U.S. He be...
Standard Chartered has reaffirmed its prediction that Bitcoin will hit $100,000 by the end of 2026, maintaining a positive outlook despite current market fluctuations. This forecast highlights potential significant gains for Bitcoin in the long term ...
Strategy increased its cash reserves by about $225 million to $3.225 billion by selling over 2.7 million common shares, while maintaining its bitcoin holdings at 843,775 BTC worth nearly $55 billion. This move supports liquidity and dividend payments...
Bitcoin's bear market might be nearing its final stage, but charts suggest a possible further drop to $25,000-$35,000 before a durable bottom forms. This bottom could set the stage for a major rally, with an Elliott Wave model projecting a peak aroun...
The cryptocurrency market shows cautious stability with Bitcoin maintaining a price above $64,000 and Ethereum consolidating near $1,882. Pi Network surged 15% in anticipation of its Protocol v25 upgrade scheduled for July 22, signaling increased inv...
