Bitcoin saw a rapid decline of 245,000 wallets in five days, the fastest drop in nearly two years, as its price hovered just below the critical 200-day EMA at $82,041. This sharp reduction in holders is similar to a pattern seen in mid-2024 before a major bull run, suggesting strong conviction among remaining holders and potential for price growth. Additionally, US-listed Bitcoin ETFs experienced $277.5 million in outflows, ending a $1.7 billion inflow streak. Bitcoin's price action near the 200 EMA and positive money flow indicators hint at a possible shift from bearish to neutral-bullish momentum if it closes above $82,000 soon.
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
