Bitcoin remains near $63,780 as on-chain data shows a pattern typical of past bear markets, with long-term holders averaging a cost basis of $49,500 and short-term holders at $72,500. Analysts note that historically, when short-term holders' cost basis falls below long-term holders', extended bearish phases follow, a crossover not yet seen this cycle. Crypto Lens warns the recent $66,000 rally may be a bull trap, projecting possible price declines to $48,000 soon, $43,000 by August, or as low as $32,000 by September. Despite recent short-term gains, caution is advised as the bear market may continue for months.
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'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
