Bitcoin markets for May 6 and 7 show a 99.9% probability of Bitcoin staying above $66,000, driven by optimism over a potential US-Iran deal that could ease geopolitical tensions. This positive sentiment supports risk-on assets like Bitcoin, while reducing the likelihood of WTI Crude Oil reaching $150 in May due to expected lower geopolitical risk premiums. Investors are closely watching the progress of US-Iran negotiations, especially regarding the Strait of Hormuz, as these developments will influence both cryptocurrency and oil markets in the near term.
Analyst Benjamin Cowen states that Bitcoin's bear market will likely continue until the fourth quarter of 2026, following its historical four-year cycle despite recent ETF adoption and institutional interest. He explains that Bitcoin's price behavior...
Bitcoin jumped about $1,400 within an hour, pushing its price back above $78,000 due to a short squeeze that liquidated roughly $25 million in short positions and added around $30 billion to its market cap. This move brought Bitcoin to the upper end ...
Bitcoin fell nearly 10% to $74,027 on May 23 following a $766 million liquidation event that wiped out many long positions, marking the largest in three months. Bitfinex analysts warn that $79,000 acts as a strong resistance level, limiting near-term...
Bitcoin is under pressure as institutional selling accelerates, pushing its Risk Index to 33, signaling a high-risk market zone. Persistent outflows from US spot Bitcoin ETFs, totaling over $2 billion since early May, indicate sustained institutional...
Bitcoin has been trading sideways around $75,000 for over four weeks, building significant liquidity clusters. Nearly $14.3 billion in liquidation pressure is concentrated around current prices, with long positions stacked tightly between $72k-$74k a...
