A prominent Bitcoin trader closed a large short position of 700 BTC with a nearly $2 million loss just before Bitcoin surged past $81,000, its highest since January 31. This move helped the trader avoid further losses amid a market where $130 million in short bets were liquidated in 24 hours. Despite the spike, many traders remain bearish, but analyst Ali Martinez sees strong structural support around $83,000, predicting potential rises to $89,000 and $94,000. Bitcoin was trading around $80,691 at the time of reporting, signaling continued volatility and interest in the crypto market.
Veteran trader Peter Brandt reaffirmed the principle that market prices are the most reliable indicator, stating "Price is never wrong. Price is king." This came amid discussions on Bitcoin's valuation models, where some predict Bitcoin should be aro...
Traders are increasingly favoring dollar-pegged stablecoins like USDT and USDC over Bitcoin, as Bitcoin's market dominance falls from 61.2% to 60% since early May. This shift reflects a preference for safer assets amid expectations that the Federal R...
Bitcoin is retesting its April 2025 low near $74,000 and showing a bounce, but analysts highlight that a clear break above the low $80,000s is crucial for continuation of the upward trend. The 200-day moving average near $80,134 acts as key resistanc...
Ethereum's price is trading just above $2,000 after a steep decline from $2,500, raising concerns about a potential crash below this key level or a bullish reversal. This weakness is part of a broader crypto market pullback, with Bitcoin, Ripple, and...
Bitcoin is trading just above the $75,000 support level after failing to break $78,000, staying below the $76,000 mark that would signal a new bull market according to analyst Tom Lee. Ether also faces resistance near $2,150 and is retreating toward ...
