Bitcoin is at a critical technical point, trading near its 50-day moving average around $63,456 and pressing against a long-term descending trendline. The key resistance level to watch is $65,400, which if broken, could lead to a move toward $67,000-$68,000. On the downside, support near $62,200 is crucial, with a deeper drop potentially targeting around $61,000. The market shows a tight volatility squeeze, indicating a significant directional move may be imminent, but until a decisive breakout or breakdown occurs, Bitcoin remains caught between short-term recovery and broader downside risk.
A large $125 million Bitcoin short position held by a trader known as Gambler 0xff84 is at risk of liquidation as Bitcoin's price dips to around $62,650. The trader holds 2,000 BTC short with a liquidation price at $63,528.92, betting on further pric...
Cryptocurrency market prices show a general downward trend with Bitcoin trading at $62,805, down 1.2%. Ethereum and Binance Coin also saw slight declines. Notably, UNI token dropped sharply by 10.8%, and BEAT fell by 32%. Some tokens like ATOM and VV...
Bitcoin fell to its lowest level since August 3, dropping below $63,000, as spot bitcoin ETFs experienced $192 million in consecutive outflows for the first time since late July. Despite U.S. stocks rising on cooler producer price inflation data, cry...
Large institutional traders on CME have shifted to a modest net long position in Bitcoin futures, with leveraged funds cutting their net short exposure by nearly 40% since May. This change coincides with renewed inflows into spot Bitcoin ETFs and acc...
After the failure of Bitcoin's BIP-110 soft fork aimed at limiting nonfinancial data, Bitcoin blocks were flooded with heavy data like NFTs, challenging censorship efforts. Ripple CTO Emeritus David Schwartz emphasized that in public blockchains, opi...
