Bitcoin remained around the $64,000 level on Tuesday, showing low volatility and sideways movement. Data revealed significant trader liquidations totaling $164.57 million in 24 hours, while spot Bitcoin ETFs saw net inflows of $170.09 million. Analysts noted Bitcoin is testing a descending channel's upper boundary, with $64,300 as a critical breakout level that could lead to gains toward $65,500–$66,500. However, a strong resistance zone between $64,000 and $65,000, marked by large sell orders, may hinder upward movement unless buying pressure increases. Traders also watch August 14 as a historically significant date for Bitcoin's price direction, with a likely test of $60,000 if negative trends persist.
Bitcoin failed to hold above $85,000 on October 7, with large-cap altcoins dropping 3-5% amid rising US Treasury yields hitting 24-year highs. The 10-year yield reached 5.307% and the 30-year yield 5.688%, raising concerns ahead of key economic event...
Bitcoin fell back to around $83,300 after briefly surpassing $86,400, with the $81,300 level now critical as a support threshold. A sustained break below $81,300, combined with outflows from US bitcoin ETFs and loss-making sales by recent investors, ...
Bitcoin is currently trading at a $64 discount on Coinbase compared to global exchanges like Binance, marking the longest negative Coinbase premium streak of over 77 days. This persistent discount signals ongoing selling pressure or weak demand from ...
BlackRock's IBIT ETF received a large transfer of 1,426.47 Bitcoin valued at $119 million from Coinbase Prime, signaling increased institutional interest. Meanwhile, Wintermute sold 619.59 Bitcoin worth $51.7 million through Binance, indicating activ...
More than $600 million in leveraged long positions were liquidated across cryptocurrency markets as Bitcoin fell from above $87,000 to near $83,000. This decline pressured traders who had bet on further price increases, forcing many to exit their pos...
