Bitcoin is approaching the critical $60,000 level, a key support tied to institutional cost bases and derivatives hedging. If it falls below this threshold, it could trigger mechanical selling by market makers and forced liquidations of leveraged long positions, potentially accelerating the decline. This level is crucial because many institutions bought Bitcoin between $60,000 and $67,000, and a drop below $60,000 would increase unrealized losses, prompting rushed selling amid competing market rallies like AI stocks. The derivatives market also poses risks, as over $1.2 billion in put options at the $60,000 strike could force market makers to sell Bitcoin to hedge, deepening the selloff.
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, ...
Bitcoin is currently trading around $64,878 but faces potential downside risks, with analysts projecting a possible drop to $38,000–$39,000 based on past four-year bear market cycles. This would represent a roughly 40% decline from current levels and...
