Bitcoin surged above $80,000 in early May but then dropped below $60,000 before rebounding to $62,000, raising questions about its traditional 4-year cycle. Galaxy CEO Michael Novogratz argues that Bitcoin isn’t dead but the 4-year cycle may no longer apply as the market matures. Meanwhile, trader James Wynn closed profitable short positions on Bitcoin and Solana and opened high-leverage long positions on Bitcoin and Ethereum, reflecting confidence in a market rebound. This shift highlights changing dynamics in crypto trading and sentiment.
Bitcoin has stabilized near $61,000 after a major drop but remains below key moving averages, signaling cautious recovery potential. Ethereum and XRP continue to face downward pressure, trading below major averages and showing oversold conditions tha...
About $315 million in leveraged crypto positions, mostly long trades, were liquidated in the past 24 hours, signaling a market reset. The liquidations, concentrated on Binance and focused on Bitcoin and Ethereum, cleared crowded bullish bets and ease...
Bitcoin fell to $59,000, its lowest since 2024, amid ongoing bearish pressure linked to Strategy's failure to maintain its $100-per-Bitcoin peg. Strategy, a major Bitcoin buyer, stopped issuing new shares and sold 32 BTC to cover dividends, weakening...
The funding rate for Bitcoin perpetual futures on OKX has plunged to an extreme annualized -453%, forcing short sellers to pay about 1.3% daily just to hold their positions. This unusually high negative rate indicates a heavy concentration of short b...
Bitcoin rose above $61,800, with Ethereum outperforming by gaining over 4%, signaling a modest risk-on shift in the crypto market. Several major altcoins also saw gains, indicating improving sentiment beyond Bitcoin. However, trading volumes across s...
