Bitcoin has dropped from $60K to $59K, down 7.9% over the past week, driven by record outflows from spot Bitcoin ETFs that have already surpassed February 2025's $3.6 billion record. This challenges the idea that institutional ETF access would support Bitcoin's price, as institutions are selling heavily. Market sentiment is in extreme fear, with the Crypto Fear and Greed Index at 12, signaling potential capitulation but also a possible buying opportunity if outflows slow. Ethereum remains stable while Solana gains 3%, showing resilience amid the downturn. Investors should closely watch ETF outflows to gauge whether institutional selling will continue or ease, which will influence Bitcoin's near-term price direction.
Two large Hyperliquid wallets linked to Abraxas Capital Management hold a combined $1.58 billion net short position across major cryptocurrencies, including 189,400 ETH and 5,120 BTC. Despite a current paper loss of about $114.5 million, these wallet...
Grayscale's analysis reveals that Bitcoin's impressive 225% return over three years drops to just 95% without its five best days, 27% without the top 10, and turns into an 11% loss when excluding the 15 strongest trading days. This highlights the ris...
Bitcoin surged above $86,000 twice on Tuesday, driven by momentum from the Commodity Futures Trading Commission's proposed crypto regulations and a recent SEC proposal on crypto custody. After a midday sell-off, bitcoin rallied to a peak of $86,450 b...
Zcash and Monero were the top-performing large cryptocurrencies over 24 hours, with Zcash up 3% and Monero 2.14%, while Bitcoin and Ethereum rose only slightly by 0.59% and 0.34% respectively. The crypto market remains largely flat, influenced by the...
Wintermute reports that the cryptocurrency bull cycle is still in its early stages, despite recent pauses in top altcoins like NEAR, XRP, and ARB. Bitcoin remains strong, holding key support levels and showing potential for further gains, though infl...
