Bitcoin remains trapped between $60,000 and $73,000 but faces growing downside risks due to a "negative gamma" environment created by heavy put option accumulation below $68,000. This setup forces derivatives dealers to sell Bitcoin if prices fall below $68,000, potentially accelerating declines toward $60,000 or even $52,500, as forecasted by technical analyst Aksel Kibar. Additionally, whale investors have shifted to net selling, with demand dropping by 63,000 BTC recently, while US-listed Bitcoin ETFs saw $174 million in outflows on a single day. These factors signal weakening market support and increased volatility ahead for Bitcoin.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
