More than half of all bitcoin in circulation is now held at an unrealized loss, with 10.5 million BTC underwater compared to 9.8 million BTC in profit. This crossover, which has historically marked major bear market bottoms, coincides with bitcoin testing its 200-week moving average around $61,300—a key long-term support level. If bitcoin falls below $60,000, the next major support is near $54,000, the realized price, which has also historically acted as a floor during bear markets. While this signal suggests a potential market bottom, the duration of such bear phases has varied widely in the past, making future price movements uncertain.
Bitcoin closed May near $70,600 after losing 8-10% due to rising inflation, higher Treasury yields, and geopolitical tensions. The cryptocurrency fell below key holder cost basis levels, increasing potential selling pressure, but found support betwee...
Bitcoin has dropped below $72,000, prompting analysts to focus on two main support zones: $50,000-$54,000 and $61,000-$62,000. One model based on MVRV Pricing Bands suggests Bitcoin could fall further toward the $50K range if current support fails, w...
Bitcoin's recent price drop to around $62,099 has sparked renewed concern over its quantum security, with Capriole Investments founder Charles Edwards highlighting a 28% 'quantum discount' due to slow developer progress on post-quantum upgrades. This...
Bitcoin's price recently dipped to around $61,300, touching a major bull market trendline, before rebounding to just under $64,000. This move follows a 15.8% drop after breaking below a bear flag trendline. Despite poor market sentiment, technical in...
Bitcoin's market price is currently 27% below its estimated true value, driven by fears over quantum computing risks and a lack of progress on post-quantum security upgrades by Bitcoin developers. This discount reflects investor concern about the pot...
