Bitcoin is facing strong resistance at the $70,920 level after recovering from around $60,000. Many long-term holders are selling, creating heavy sell pressure that limits upward momentum. Options traders have placed nearly $2.5 billion in bets on Bitcoin reaching $72,000 by late July, but overall market caution persists due to fears of a temporary rebound and ETF outflows. Investors are watching closely for a break above $70,000, which could trigger a buying surge, but risks remain without new positive catalysts.
Bitcoin price fell below $66,000 amid renewed US-Iran tensions that raised oil prices and increased expectations for another Federal Reserve rate hike. President Trump's threats against Iranian infrastructure escalated risks around the Strait of Horm...
HTX exchange, formerly Huobi Global, is rotating its hot wallets every few hours and moved $1.3 billion to an undisclosed third party following UK sanctions. This tactic complicates traditional sanction screening methods, which rely on static address...
A new report from River reveals that 49.6 million American adults (18.6%) now own Bitcoin, surpassing the 28.8 million (10.8%) who hold physical gold. This marks a significant shift in wealth management, driven by easier access through ETFs and mobil...
Bitcoin futures open interest reached $49.82 billion, with Binance leading at $9.24 billion. Institutional traders, especially on CME, are increasing exposure, while retail platforms see position declines. Options data from Deribit shows a strong pre...
US spot Bitcoin ETFs have drawn about $930 million in net inflows over six consecutive trading sessions, marking the longest positive streak since April. This steady inflow suggests a cautious return of institutional investors to Bitcoin, helping the...
