Bitcoin's 365-day running return on investment (ROI) has dropped to about 0.514, meaning holders who kept Bitcoin for a year have lost roughly 49% of their investment value. This negative ROI signals a tough market phase, similar to past bear markets in 2014-2015, 2018-2019, and 2022, where Bitcoin's annual returns stayed below breakeven for extended periods. While this indicates Bitcoin is currently unprofitable for long-term holders, it does not predict an immediate market bottom. Recovery would require a sustained price increase to overcome the year-long underperformance. Currently, Bitcoin trades around $62,900 with weakening momentum and technical pressure from moving averages, suggesting continued challenges ahead.
A large $125 million Bitcoin short position held by a trader known as Gambler 0xff84 is at risk of liquidation as Bitcoin's price dips to around $62,650. The trader holds 2,000 BTC short with a liquidation price at $63,528.92, betting on further pric...
Cryptocurrency market prices show a general downward trend with Bitcoin trading at $62,805, down 1.2%. Ethereum and Binance Coin also saw slight declines. Notably, UNI token dropped sharply by 10.8%, and BEAT fell by 32%. Some tokens like ATOM and VV...
Bitcoin is at a critical technical point, trading near its 50-day moving average around $63,456 and pressing against a long-term descending trendline. The key resistance level to watch is $65,400, which if broken, could lead to a move toward $67,000-...
Bitcoin fell to its lowest level since August 3, dropping below $63,000, as spot bitcoin ETFs experienced $192 million in consecutive outflows for the first time since late July. Despite U.S. stocks rising on cooler producer price inflation data, cry...
Large institutional traders on CME have shifted to a modest net long position in Bitcoin futures, with leveraged funds cutting their net short exposure by nearly 40% since May. This change coincides with renewed inflows into spot Bitcoin ETFs and acc...
