Bitcoin's short-term holder MVRV ratio has dropped to 0.75-0.80, a level historically linked to local market bottoms where weaker holders exit. Despite this, a descending MVRV channel since 2024 indicates weakening buying momentum. The aSOPR 7-day average is near 0.96, a support level that has previously marked seller exhaustion and potential market reversals. Traders remain cautious, watching for aSOPR to rise above 1.0 and MVRV to recover above 1.0 for confirmation of a durable bottom, while Bitcoin consolidates near $63,271 with potential volatility ahead from events like the SpaceX IPO.
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...
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
