Bitcoin has rebounded from the $60k support level, reaching $67k before a slight pullback to around $65,695. Traders, especially whales, are increasingly bullish, with one opening a $68.1 million 20x long position on 1036 BTC, signaling confidence in further price gains. The derivatives market shows strong demand for long positions, with a Long Short Ratio above 1, indicating optimism about continued upward momentum. However, Bitcoin's momentum remains weak, and a clear close above $66,066 and $70k is needed to confirm a sustained uptrend; failure to do so could lead to a drop toward $63,500.
Bitcoin's long-term holders now control a record 79% of its circulating supply, a historical indicator that often precedes the end of bear markets. Low reactivation of old coins and reduced ETF selling suggest strong accumulation and diminished selli...
Veteran trader Dave the Wave highlights that Bitcoin's daily MACD indicator is mirroring the 2022 pattern that preceded a major price breakout, indicating the asset may have bottomed. He notes similar three swings lower in the current correction and ...
XRP is testing a critical $1.19 support level ahead of the new Federal Reserve chair Kevin Warsh's debut, which will influence its short-term direction. Shiba Inu (SHIB) faces a pivotal 45-day period historically linked to price reversals, with poten...
Andrew Tate opened a highly leveraged 40x long position on Bitcoin worth about $3.79 million but was fully liquidated within 24 hours after Bitcoin's price dropped below his liquidation price. Despite attempts to add margin, Tate lost a total of $95,...
BlackRock is launching the iShares Bitcoin Premium Income ETF (ticker BITA) tomorrow, offering institutional-grade Bitcoin income exposure. This new ETF competes directly with Strategy Inc.'s STRC and Bitmine's BMNP, providing investors more options ...
