Bitcoin's recent price bottom may have been accumulated gradually by a single whale or a small group of large buyers, according to analyst Willy Woo. This is based on an unprecedented anomaly in Bitcoin's HODL Wave data, which tracks how long coins remain unmoved. Normally, broad investor buying creates spikes in short-term holding bands, but this time such spikes are absent, indicating slow accumulation by few entities. While this is Woo's interpretation, other factors like ETFs or derivatives could also explain the anomaly. Bitcoin's market remains fragile amid a recent dip below $77,000 and a major derivatives expiry approaching.
Bitcoin surged over 25% in August but shows weak spot demand and liquidity, raising concerns of a bull trap. Meanwhile, Ethereum sees strong liquidity growth with stablecoin supply rising and record ETH staking, indicating robust demand. This liquidi...
Bitcoin traded around $77,000, slightly up but under pressure ahead of crucial US inflation data that could influence the Federal Reserve's upcoming interest rate decision. The broader crypto market also faced declines amid rising oil prices and high...
Bitcoin's price outlook is bullish as strong inflows into U.S. spot bitcoin ETFs, totaling over $600 million in early September, support a recovery above $80,000. Producer Price Index data showed slightly higher inflation, but markets had anticipated...
Senate Republicans have introduced a new 630-page version of the CLARITY Act, a significant crypto regulation bill affecting Bitcoin, XRP, and Ethereum. The updated bill clarifies distinctions between decentralized and non-decentralized finance proto...
Most major cryptocurrencies experienced price declines, with Bitcoin falling 1.3% to around $77,239 and Ethereum slightly down by 0.19%. Other coins like Binance Coin, XRP, and Litecoin also saw notable drops. This reflects ongoing market volatility ...
