Bitcoin is trading near $63,000, just 9% above its realized price, indicating limited profit for holders and a market close to a value zone rather than a confirmed recovery. Demand has weakened significantly, especially from ETFs, with total bitcoin demand dropping by 652,000 BTC last week, the largest contraction since January 2022. Sellers have realized losses but not at previous cycle bottom levels, suggesting potential for further price declines unless ETF flows stabilize and large buyers return. Meanwhile, derivatives markets show a pause rather than panic, with steady open interest and bullish bets on a bitcoin rebound to $75,000 by late July, reflecting cautious optimism among traders.
Bitcoin's short-term holder MVRV ratio has dropped to 0.75-0.80, a level historically linked to local market bottoms where weaker holders exit. Despite this, a descending MVRV channel since 2024 indicates weakening buying momentum. The aSOPR 7-day av...
Bitcoin rose 1.6% to $63,550 following President Trump's announcement of nearing peace with Iran, easing market fears and boosting cryptocurrencies and equities. SpaceX launched its historic IPO on Nasdaq, raising $75 billion and reaching a $1.78 tri...
Bitcoin is currently testing a crucial support level near its 200-week moving average, a historically significant zone that has supported price in most past cycles. Analysts suggest this level could determine whether Bitcoin recovers or continues a l...
Options contracts for Bitcoin and Ether totaling about $2.5 billion expire on June 12, with Bitcoin options worth $2.23 billion and Ether options about $293 million. Bitcoin is trading near $63,000, close to a key support range of $60,000 to $62,000 ...
Bitcoin trades near $63,021 and Ethereum at $1,660 as traders focus on support, resistance, and the 200-day moving average this weekend. Bitcoin dominance stands at 56.3%, influencing cautious position management amid lower weekend liquidity. Market ...
