Patrick Shyu, ex-Google and Meta engineer known as TechLead, announced he sold all his Bitcoin after a severe 50% price drop from $120,000 to the low $60,000s. He cited being heavily overleveraged and surprised by the market crash, warning of liquidity issues as large holders quietly sell. Despite his losses and concerns about Bitcoin's future security and mining economics, Shyu remains long-term optimistic, suggesting this low point might signal a market bottom.
Bitcoin price is under bearish pressure, testing the critical $60,000 support after breaking bear flag patterns. If it falls below this level, prices could drop further to $50,000 or even $35,000-$40,000, while a recovery above $85,000 is needed to c...
Bitcoin dropped below $61,000, trading around $60,722 with a 3.29% decline in 24 hours, driven by extreme fear sentiment and increased exchange inflows. Trading volume surged over 40%, indicating heavy repositioning and sell pressure despite some sho...
Bitcoin fell below $60,000 this week due to continued outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve, and a stronger U.S. dollar, which made crypto more expensive for foreign buyers. Major cryptocurrencies like ether, XRP, and solana...
Bitcoin options open interest slightly declined to $34.37 billion, with calls making up 59.77% and puts 40.23%, indicating a bullish long-term outlook. However, recent trading volume favored puts at 52.76%, led by heavy activity in $60,000 put contra...
Bitcoin is showing signs of potential volatility with growing concerns about maintaining the $60,000 level. Deposits of Bitcoin into exchanges have surged to multi-month highs, a pattern historically linked to price declines below key psychological l...
