Bitcoin is stabilizing around $73,500, about 10% below its monthly high, due to a shortage of new buyers rather than increased selling. Despite broader risk assets gaining from easing geopolitical tensions around the Strait of Hormuz, Bitcoin's weakness appears crypto-specific. Long-term Bitcoin holders have reached a record supply, but this reflects inactivity rather than fresh buying. Additionally, Bitcoin ETFs have seen a record nine consecutive days of outflows, signaling cooling demand that may limit Bitcoin's ability to rise above $78,000 in the near term.
Crypto trader Carl Runefelt sold two Ferraris worth $2.5 million to increase his Bitcoin holdings, citing the cryptocurrency's approach to a historically significant support zone near its 200-week moving average. He views this decline as a rare buyin...
Bittensor's TAO token has recently fallen more than 2% despite being among the top trending tokens with increased transaction volume. Liquidity analysis shows significant resistance between $220-$255 and support near $185-$190, but the token remains ...
Bitcoin faced a second rejection near the $67,000 resistance level, increasing the risk of further declines toward $62,000, $60,000, and possibly $58,000. The weekly stochastic RSI indicates Bitcoin is oversold but suggests the bottoming process coul...
Ethereum spot ETFs attracted $103.9 million in net inflows last week, continuing strong institutional demand despite market volatility. In contrast, Bitcoin ETFs saw a sharp decline in weekly inflows to $33.79 million after heavy outflows midweek, wi...
Bitcoin and Ethereum prices declined by 2.24% and 1.62% respectively amid a 12.92% drop in crypto derivatives trading volume, indicating reduced risk appetite among traders. The broader crypto market saw losses across major altcoins, reflecting a def...
