Bitcoin has entered a bearish channel after slipping below key support near $72,000 amid over $2.4 billion in spot ETF outflows, rising oil prices above $90, and renewed US-Iran military tensions. These factors have increased market uncertainty and selling pressure, weakening institutional demand and pushing Bitcoin down nearly 10% from May highs. Analysts warn that if Bitcoin breaks below $72,650, it could fall further to a major support zone between $54,300 and $51,000. A recovery depends on regaining resistance near $75,600 and easing geopolitical risks, particularly a potential US-Iran ceasefire agreement that could stabilize energy markets and risk assets.
Bitcoin price is currently holding at the critical $72,754 level after breaking down from a bearish head and shoulders pattern on May 28, which typically signals a 10% decline. Despite the breakdown, selling volume has decreased, allowing buyers to d...
The crypto market is experiencing a liquidity drought with $1.81 trillion in market cap lost and $1.2 billion exiting Binance stablecoins in May, reversing earlier inflows. This signals growing investor caution amid global instability driven by West ...
Bitcoin options open interest fell about 17% last week, signaling reduced leverage among traders. Despite this, bullish sentiment remains strong, with the largest open interest concentrated in a $120,000 call option expiring at year-end. Calls make u...
Leading cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin showed little movement as President Trump expressed no urgency to finalize an Iran deal, keeping market sentiment cautious. Bitcoin fluctuated between $73,300 and $74,300, with analys...
A prominent Ethereum developer attributes Ether's 65% decline against Bitcoin since the 2022 Merge to strategic errors by the Ethereum Foundation, including slow product execution and missed opportunities. Criticisms include Ethereum's focus on envir...
