Bitcoin dropped below $60,000, marking its largest monthly decline since June 2022, with a 33% loss year-to-date compared to the S&P 500's 9% gain. U.S. spot Bitcoin ETFs saw over $4 billion in outflows in June, continuing an eight-week streak of withdrawals amid regulatory uncertainty and rising interest rates. MicroStrategy raised $1 billion to bolster cash reserves, easing concerns about its financial stability. Analysts note historical on-chain indicators and technical levels suggesting a potential market bottom, though some expect prices to fall further to $40,000-$45,000 by autumn.
Bitcoin experienced a $91.4 million outflow as traders moved funds into stablecoins like USDT and fiat currencies such as the U.S. dollar, signaling short-term caution in the crypto market. Despite this risk-off rotation, selective inflows were noted...
Bitcoin's Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) dropped to 0.615 on June 30, the lowest since July 2023, indicating many long-term holders are selling at a loss. This coincides with Bitcoin's price falling 2.7% in 24 hours to $58,649....
Bitcoin has fallen below $60,000, signaling increased bearish pressure with potential to drop to $50,000 or even $35,000 if support fails. This decline reflects a shift to risk-off sentiment as investors favor hard assets like gold and silver, whose ...
Bitcoin's price fell 1.26% to $58,683, with on-chain data suggesting that large holders (whales) are quietly distributing rather than accumulating. Ethereum also slipped slightly, while some altcoins like WBT and XLM gained, indicating selective capi...
On July 1, major cryptocurrencies USDC and Bitcoin experienced the largest net outflows from exchanges, with USDC seeing about $503 million and Bitcoin $352.7 million withdrawn. This trend indicates a shift in exchange liquidity dynamics rather than ...
