Bitcoin price dropped to around $61,925 on June 5, pressured by ETF outflows, a rare sale by Strategy, and a surge in large whale deposits on Binance. The $60,000 level has become a critical support after Bitcoin fell sharply from highs above $74,000, with sentiment turning bearish as traders watch for a potential move toward $55,000 if support breaks. ETF demand has weakened with 13 consecutive days of outflows, while large holders moving coins to exchanges signals short-term selling risk. Market watchers see this as part of a capital rotation linked to AI investment rather than a fundamental Bitcoin impairment, but near-term price action depends on whether bulls can defend key levels.
Bitcoin options data from Deribit reveals a bullish market sentiment with a call-heavy open interest, especially concentrated in $80,000 strike calls, indicating traders expect higher prices in the medium term. However, recent trading volume shows in...
Kalshi introduced Ethereum perpetual futures on June 4, offering US traders regulated crypto derivatives with no expiration dates and a temporary zero-fee promotion. This follows their Bitcoin perpetual futures launch, marking a significant step in p...
Strategy's Bitcoin holdings face nearly $11 billion in unrealized losses due to recent market drops, yet the company remains the largest institutional BTC holder. Standard Chartered analysts interpret these losses as signs of a potential market botto...
Veteran trader Peter Brandt warns that Bitcoin, having reached his initial downside target near the February low, could still decline further before forming a tradable bottom. He suggests that Bitcoin might enter a terminal wash-out phase, meaning a ...
Bitcoin and Ethereum are experiencing significant bearish trends, with Bitcoin falling below key support levels near $63,000 and Ethereum dropping below $2,000, both showing oversold conditions but still vulnerable to further declines. Stellar showed...
