Bitcoin's recent breakout above $80,000 triggered significant profit-taking from both short-term and long-term holders, especially those who accumulated before the ETF launch, locking in gains of 60%-100%. Despite this selling pressure, Bitcoin's price remained stable around $78,500, supported by strong ETF inflows totaling $1.16 billion in May and nearly $2 billion in April, which absorb the selling pressure. The market shows a balanced battle between bulls and bears around the $78k-$81k zone, but the overall structure remains bullish as demand continues to absorb supply, encouraging holders to keep their positions. This setup suggests a potential upward move toward the $87,000–$92,000 range as profit-taking fuels further buying interest rather than panic selling.
Ethereum (ETH) is trading around $1,881 after a recent 4.24% drop, maintaining demand despite short-term pullback. It faces critical support between $1,850-$1,870 and resistance near $1,900-$2,000, with whale traders split between longs and shorts, i...
Institutional investors are increasingly allocating capital to Ethereum (ETH) spot ETFs, with recent inflows totaling around $96 million over three days and an additional $9.23 million on July 27. This shift contrasts with Bitcoin (BTC) funds, which ...
Bitcoin trades near $63,400 with exchange reserves dropping by 78,000 BTC over six months, signaling holders prefer self-custody over selling. Macro pressures from Federal Reserve rate hike risks, weak tech stocks, and stalled U.S. Clarity Act slow r...
Bitcoin dropped about 2% amid a sharp 11% plunge in South Korea's Kospi stock index, one of its worst days in years, shaking global risk assets. The U.S. Senate postponed the Crypto Clarity Act to focus on a Russia sanctions bill and federal nominati...
Bitcoin is at a critical point, with analysts predicting two main scenarios tied to the Clarity Act. If the Act passes, Bitcoin could rally to $75,000 or higher, supported by strong buying above $60,000 and breaking resistance near $70,000. If reject...
