U.S. spot Bitcoin ETFs experienced $227 million in outflows last week, led by Grayscale's $156 million withdrawal, as traders reduced leverage amid rising Bitcoin inflows to exchanges and cautious institutional sentiment. Despite these outflows, Bitcoin's price remained relatively stable around $63,915, with traders balancing steady selling and dip buying. Derivatives markets showed significant liquidations, especially on Binance, indicating a short-term pullback in risk appetite rather than a major shift in spot demand. Meanwhile, institutional interest in other crypto ETFs like Ethereum and Solana continues, even as Bitcoin ETF flows weaken, suggesting a fragmented but ongoing demand for crypto exposure.
A newly created wallet deposited 6.68 million USDC into Hyperliquid and opened $48 million in 20x leveraged short positions on Bitcoin, Solana, and Ethereum. The position includes 430.64 BTC, 181,245 SOL, and 4,280 ETH, heavily weighted towards Bitco...
Bitcoin price maintained a higher low around $62,200 despite geopolitical tensions from US-Iran talks and Strait of Hormuz closures. The price broke down from a bear flag but found support at $63K, with bulls aiming to surpass $64K and $66K resistanc...
A newly created wallet deposited 6.68 million USDC to open 20x leveraged short positions totaling nearly $48 million on Bitcoin, Ethereum, and Solana. This large bearish bet signals expectations of price declines in these major cryptocurrencies. Bitc...
Crypto analyst Doctor Profit warns that Bitcoin is forming a bearish "bear flag" chart pattern, which could lead to a price drop to the $54,000–$56,000 range initially, and possibly further down to $40,000–$50,000. This pattern involves a sharp price...
Bitcoin traded near $64,000 after a volatile weekend influenced by US-Iran tensions and ETF outflows. Investors are closely watching upcoming US economic data, including PCE inflation and GDP reports, which could impact Federal Reserve rate decisions...
