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.
The US Federal Reserve's September meeting minutes revealed most members support a further interest rate increase by year-end, despite mixed market expectations. Bitcoin's price hovered around $82,439, reflecting cautious market reactions rather than...
Bitcoin's price is currently testing a key support level within a tilted bull flag pattern, suggesting a possible bounce back towards previous highs. While the price has shown three touches on the lower channel line, indicating a valid bull flag, the...
Bhutan's fully digital DK Bank has received preliminary regulatory approval to establish a financial services presence in Abu Dhabi, UAE. This move is part of Bhutan's strategy to connect its Gelephu Mindfulness City with global financial markets, ai...
Bitcoin's price rose above the key $82,000 level on Binance spot market, reaching $82,200 at 10:03 a.m. ET on October 8. This movement marks a significant milestone as the cryptocurrency tests a closely watched resistance point. Despite a slight dip ...
More than 6 million bitcoins, about 31.2% of the circulating supply, are held behind public keys visible on the blockchain, increasing exposure by 222,000 BTC since May. This rise in exposed supply, particularly on exchanges like Binance and Coinbase...
