Bitcoin experienced significant capital outflows as traders moved funds into stablecoins like USDT and USDC, as well as fiat currencies including USD, BRL, and TRY. This shift indicates a defensive market stance, with investors seeking liquidity and lower risk amid uncertain conditions. Wrapped Bitcoin (WBTC) saw inflows, suggesting some traders maintain exposure via DeFi and cross-platform liquidity strategies. The trend reflects cautious positioning while awaiting clearer market catalysts.
Bitcoin traded near $79,771 after reaching an intraday high of $81,280 but failed to break decisively above the $82,000 resistance level. Veteran trader Peter Brandt disclosed a long Bitcoin position following a bullish inverse head-and-shoulders bre...
Veteran trader Peter Brandt revealed he remains long on Bitcoin even as the cryptocurrency struggles to break above the key resistance zone around $82,000. Bitcoin recently climbed above $80,000 but faced strong selling pressure, causing a pullback. ...
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
Bitcoin surged above $80,000 following Nvidia's Q2 revenue of $96.2 billion, beating forecasts by $4 billion and boosting tech stocks. US spot Bitcoin ETFs saw $242 million in net inflows on August 27, marking nine straight days of gains and the stro...
The memecoin sector led gains last week with a 16% average return, second only to Layer 2 tokens. Bitcoin's 10% rise helped boost altcoin sentiment. SPX6900, a memecoin parody of the S&P500, soared 60% over the week, with Open Interest jumping nearly...
