Bitcoin's drop below $62,000 in June 2026 was wrongly blamed on Michael Saylor's sale of 32 BTC, which was too small to impact the market. The real cause is Bitcoin losing its status as the dominant momentum trade, with speculative capital shifting to gold, AI stocks, and a wave of IPOs. Despite strong fundamentals like ETF growth and regulatory clarity, Bitcoin's price has been declining since October 2025 due to this shift in investor attention. Recovery depends on Bitcoin regaining momentum, not on isolated sales or regulatory news.
A whale address on Hyperliquid opened leveraged long positions totaling about $28.8 million across Bitcoin, Ether, and NEAR on October 12. The address used 40x leverage to buy 200 BTC at an average price of $83,604.50, 25x leverage for 4,000 ETH at $...
XRP traded around $1.42 on Oct. 12, remaining below its 20-day and 50-day moving averages but above the 200-day average of $1.28. The token fell short of a $1.53 forecast target and faces immediate resistance at $1.43 and $1.45, with support near $1....
Bitcoin closed last week near $84,000, liquidating about $140 million in short positions as it recovered from a low of $80,393. This price action removed bearish leverage clustered between $86,000 and $88,000, which now forms the next resistance zone...
A mysterious Bitcoin whale sold 410.14 BTC worth about $34.16 million to buy 14,341 ETH valued at around $36.14 million, signaling a strong bet on Ethereum. This move coincides with Ethereum's recent price outperformance against Bitcoin and increased...
Bitcoin price recovered above $84,000 on October 12 but faces resistance near $85,000 after failing multiple times to surpass $87,000. Weak institutional demand, marked by significant outflows from U.S. spot Bitcoin ETFs, and rising U.S. Treasury yie...
