Bitcoin is approaching a key resistance level near $82,000, close to its 200-day moving average, but has yet to confirm a sustained breakout. Despite strong on-chain data and $2.6 billion ETF inflows in April, recent outflows and sensitivity at higher prices suggest demand is fragile. Macro factors like geopolitics and energy markets remain crucial, as Bitcoin's price still correlates with broader risk assets, limiting its independent upside. Wintermute highlights that Bitcoin's future gains depend heavily on external stability rather than internal strength, with institutional participation present but waning.
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...
