High-net-worth crypto investors are focusing their holdings on Bitcoin and Ethereum, reflecting a defensive stance amid ongoing market volatility. While these large-cap assets dominate portfolios due to their liquidity and market recognition, several smaller altcoins are showing extreme oversold RSI levels, indicating heavy selling pressure and potential short-term bottoms. However, analysts caution that such oversold signals alone do not guarantee a market rebound without additional confirming signs like reduced sell volume or improved market sentiment. This split highlights a market divided between stable core assets and stressed smaller tokens, with future shifts depending on volatility and investor sentiment.
Two large Hyperliquid wallets linked to Abraxas Capital Management hold a combined $1.58 billion net short position across major cryptocurrencies, including 189,400 ETH and 5,120 BTC. Despite a current paper loss of about $114.5 million, these wallet...
Grayscale's analysis reveals that Bitcoin's impressive 225% return over three years drops to just 95% without its five best days, 27% without the top 10, and turns into an 11% loss when excluding the 15 strongest trading days. This highlights the ris...
Bitcoin surged above $86,000 twice on Tuesday, driven by momentum from the Commodity Futures Trading Commission's proposed crypto regulations and a recent SEC proposal on crypto custody. After a midday sell-off, bitcoin rallied to a peak of $86,450 b...
Zcash and Monero were the top-performing large cryptocurrencies over 24 hours, with Zcash up 3% and Monero 2.14%, while Bitcoin and Ethereum rose only slightly by 0.59% and 0.34% respectively. The crypto market remains largely flat, influenced by the...
Wintermute reports that the cryptocurrency bull cycle is still in its early stages, despite recent pauses in top altcoins like NEAR, XRP, and ARB. Bitcoin remains strong, holding key support levels and showing potential for further gains, though infl...
