Bitcoin's recent drop to around $60,000 triggered strong buying from large investors, or whales, while retail investors held back. This buying pressure quickly pushed the price back up to $66,000. On-chain data from Glassnode shows a synchronized accumulation across wallet sizes, indicating a classic 'buy-the-dip' scenario. Additional support came from $85.85 million inflows into U.S. spot Bitcoin ETFs and easing geopolitical tensions, suggesting the $60,000 level may now serve as a launchpad for further gains toward $70,000.
Bitcoin has surpassed the key resistance level of $64,360, signaling strong buyer control and bullish momentum. The price currently trades around $66,153, with increased trading volume and technical indicators like MACD and CMF supporting continued u...
Jordi Visser, president of Weiss Multi-Strategy Advisers, acknowledges that Bitcoin is currently unpopular and trading below its 200-day average, causing investor hesitation. However, he remains bullish on Bitcoin's long-term value, especially as AI ...
A cryptocurrency wallet linked to BitMEX co-founder Arthur Hayes purchased 3,000 ETH worth about $5.42 million following a US-Iran peace agreement that improved market sentiment. This move aligns with Hayes' bullish outlook on Ethereum despite his re...
Bitcoin jumped above $66,000, with Ethereum, XRP, and Dogecoin also rising up to 13% following a U.S.-Iran peace agreement that increased investor risk appetite. Despite significant trader liquidations totaling over $600 million in 24 hours, spot Bit...
Last week marked the fifth consecutive week of outflows from Spot Bitcoin ETFs, with $405.2 million withdrawn despite Bitcoin's price rising from $61,000 to $65,000. Similarly, Ethereum ETFs experienced significant outflows totaling $405.2 million, e...
