Bitcoin whales holding 1,000 to 10,000 BTC have moved from accumulating to net selling, reducing their holdings by 188,000 BTC over the past year. This shift adds pressure to a market already facing weak spot demand, with retail and mid-tier sellers outweighing institutional buyers. Technical indicators suggest Bitcoin may test lower support levels near $54,000 to $59,000 before potentially rising again, with a longer-term target between $250,000 and $1 million. Current price action shows Bitcoin underperforming amid geopolitical tensions and institutional selling, with key support zones critical to avoid deeper corrections.
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, ...
