Bitcoin fell nearly 10% to $74,027 on May 23 following a $766 million liquidation event that wiped out many long positions, marking the largest in three months. Bitfinex analysts warn that $79,000 acts as a strong resistance level, limiting near-term recovery unless new institutional demand emerges. Despite low exchange reserves and stable long-term holder supply, upside momentum remains fragile amid macroeconomic pressures like persistent inflation and rising Treasury yields. The withdrawal of a bitcoin ETF application by Truth Social highlights tough competition in the ETF market dominated by major players like BlackRock.
Bitcoin jumped about $1,400 within an hour, pushing its price back above $78,000 due to a short squeeze that liquidated roughly $25 million in short positions and added around $30 billion to its market cap. This move brought Bitcoin to the upper end ...
Bitcoin is under pressure as institutional selling accelerates, pushing its Risk Index to 33, signaling a high-risk market zone. Persistent outflows from US spot Bitcoin ETFs, totaling over $2 billion since early May, indicate sustained institutional...
Bitcoin has been trading sideways around $75,000 for over four weeks, building significant liquidity clusters. Nearly $14.3 billion in liquidation pressure is concentrated around current prices, with long positions stacked tightly between $72k-$74k a...
Markets reacted positively to President Trump's announcement of a potential Middle East peace agreement, causing oil prices and bond yields to fall sharply. This decline helped boost stocks, with the Nasdaq rising 1.4% in early trading. Chip stocks l...
Cryptocurrency markets display mixed price changes, with Bitcoin trading slightly down at around $76,949 and Ethereum also dipping below $2,112. Several altcoins like RAIN and OKB show significant gains, rising by over 30% and 12% respectively, indic...
