Bitcoin's price dropped sharply to a low of $61,073, trading around $62,860 and down 14% over the past week. Institutional investors with Bitcoin treasuries, such as Strategy and Metaplanet, are facing significant unrealized losses, with Strategy alone down $10.9 billion due to BTC holdings bought at an average of $75.7K. The total value of Bitcoin held by these firms has declined by $48 billion from its 2025 peak. Additionally, U.S. investors continue to sell, as indicated by a negative Coinbase Premium Index and mostly negative BTC Spot ETF inflows, signaling strong bearish sentiment. This ongoing institutional selling pressure risks extending Bitcoin's period of weakness.
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...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
