Bitcoin dropped about 20% in June, falling below $60,000, marking its worst monthly performance since June 2022. The monthly price chart shows a rare 'Marubozu' candlestick pattern, indicating strong and uninterrupted bearish dominance throughout the month. This pattern signals a decisive bearish sentiment and suggests further declines could occur, with analysts predicting a potential bottom between $48,000 and $55,000. Bitcoin traded near $58,600 as of the report, facing a tough uphill battle for bulls in the near term.
Bitcoin's Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) dropped to 0.615 on June 30, the lowest since July 2023, indicating many long-term holders are selling at a loss. This coincides with Bitcoin's price falling 2.7% in 24 hours to $58,649....
Bitcoin has fallen below $60,000, signaling increased bearish pressure with potential to drop to $50,000 or even $35,000 if support fails. This decline reflects a shift to risk-off sentiment as investors favor hard assets like gold and silver, whose ...
Bitcoin's price fell 1.26% to $58,683, with on-chain data suggesting that large holders (whales) are quietly distributing rather than accumulating. Ethereum also slipped slightly, while some altcoins like WBT and XLM gained, indicating selective capi...
On July 1, major cryptocurrencies USDC and Bitcoin experienced the largest net outflows from exchanges, with USDC seeing about $503 million and Bitcoin $352.7 million withdrawn. This trend indicates a shift in exchange liquidity dynamics rather than ...
Bitcoin traded near $58,700 after significant selling pressure from $4.5 billion in U.S. spot ETF outflows in June and weak demand from U.S. investors. The price closed below its 200-week moving average for the first time since 2023, signaling potent...
