Bitcoin price recovered above $64,000 after briefly dropping to around $63,200 due to a leveraged-position sell-off ahead of key U.S. inflation data. The price bounce was supported by buyers entering near the lower range, despite a $174 million contraction in leveraged positions and significant liquidations. Resistance levels to watch are $64,400 and $65,500, with the U.S. Consumer Price Index report expected to influence near-term price direction. A stronger inflation reading could pressure Bitcoin lower, while a softer report might support gains above $64,800.
A large $125 million Bitcoin short position held by a trader known as Gambler 0xff84 is at risk of liquidation as Bitcoin's price dips to around $62,650. The trader holds 2,000 BTC short with a liquidation price at $63,528.92, betting on further pric...
Cryptocurrency market prices show a general downward trend with Bitcoin trading at $62,805, down 1.2%. Ethereum and Binance Coin also saw slight declines. Notably, UNI token dropped sharply by 10.8%, and BEAT fell by 32%. Some tokens like ATOM and VV...
Bitcoin is at a critical technical point, trading near its 50-day moving average around $63,456 and pressing against a long-term descending trendline. The key resistance level to watch is $65,400, which if broken, could lead to a move toward $67,000-...
Bitcoin fell to its lowest level since August 3, dropping below $63,000, as spot bitcoin ETFs experienced $192 million in consecutive outflows for the first time since late July. Despite U.S. stocks rising on cooler producer price inflation data, cry...
Large institutional traders on CME have shifted to a modest net long position in Bitcoin futures, with leveraged funds cutting their net short exposure by nearly 40% since May. This change coincides with renewed inflows into spot Bitcoin ETFs and acc...
