Bitcoin's perpetual funding rates have dropped to their most negative level since 2023, indicating heavy short positioning in the market. ZeroStack CEO Daniel Reis-Faria predicts a potential price surge to $125,000 within 30 to 60 days if these short positions unwind, driven by strong buy pressure from large corporate accumulators. Historical patterns show similar funding extremes align with local price lows, supporting a bullish outlook. However, many holders are underwater from recent high acquisition costs, which could create sell pressure and complicate a clean rally without a strong macro catalyst, such as the upcoming Iran ceasefire deadline, the Federal Reserve meeting, or regulatory clarity in early May.
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
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...
