Institutional investors sold a total of $414 million in Bitcoin and other cryptocurrencies in one week, marking the first major selloff in five weeks. The US led the outflows with $445 million, while Switzerland saw minor outflows. Germany and Canada bought during the dip, adding inflows of $21.2 million and $15.9 million respectively. Ethereum experienced the largest losses with $222 million outflows, pushing its year-to-date net outflow to $273 million. Bitcoin had $194 million outflows but still maintains a strong year-to-date inflow of $964 million. This selloff reflects concerns over the ongoing Iran conflict and rising inflation, impacting crypto market sentiment.
Bitcoin's most popular call option strike price has shifted down from $80,000 to $70,000, indicating a lower expected price ceiling for the cryptocurrency. Open interest in the $70,000 call option now exceeds $1.6 billion, reflecting traders' bets th...
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin price briefly rose to nearly $65,470 following softer US inflation reports, raising hopes the Federal Reserve might pause rate hikes. However, profit-taking by long-term holders and whales around the $65,000 resistance led to a pullback towar...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
