Bitcoin recently dropped from its 200-day moving average near $82,400 to around $77,900 after failing to sustain a rally. This level is seen as a key test between a bear-market bounce and a true recovery. CryptoQuant attributes the decline to weakening demand drivers such as leveraged futures buying, spot demand, and U.S. spot bitcoin ETF inflows, with the Bull Score Index falling to an "extremely bearish" 20. Outflows from U.S. spot bitcoin ETFs and soft demand in the U.S., Korea, and Hong Kong suggest further downside risk, with $70,000 identified as the next major support level if the correction deepens.
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
