Large institutional traders on CME have shifted to a modest net long position in Bitcoin futures, with leveraged funds cutting their net short exposure by nearly 40% since May. This change coincides with renewed inflows into spot Bitcoin ETFs and accumulation by large holders after Bitcoin dipped toward $58,000 in late June. Analysts interpret these moves as signs that institutions may be positioning for a Bitcoin bottom, though caution remains due to still sizable short positions and volatile ETF flows. Confirmation of a sustained upward trend may require stronger ETF demand or a breakout in Bitcoin's price volatility.
Cryptocurrency market prices show a general downward trend with Bitcoin trading at $62,805, down 1.2%. Ethereum and Binance Coin also saw slight declines. Notably, UNI token dropped sharply by 10.8%, and BEAT fell by 32%. Some tokens like ATOM and VV...
Bitcoin is at a critical technical point, trading near its 50-day moving average around $63,456 and pressing against a long-term descending trendline. The key resistance level to watch is $65,400, which if broken, could lead to a move toward $67,000-...
Bitcoin fell to its lowest level since August 3, dropping below $63,000, as spot bitcoin ETFs experienced $192 million in consecutive outflows for the first time since late July. Despite U.S. stocks rising on cooler producer price inflation data, cry...
After the failure of Bitcoin's BIP-110 soft fork aimed at limiting nonfinancial data, Bitcoin blocks were flooded with heavy data like NFTs, challenging censorship efforts. Ripple CTO Emeritus David Schwartz emphasized that in public blockchains, opi...
Bitcoin and XRP are under selling pressure due to regulatory delays, weak ETF demand, and rising U.S. Treasury yields. Bitcoin trades near $62,800, while XRP hovers around $1, a critical support level. The U.S. SEC has postponed key regulatory meetin...
