Crypto trader Carl Runefelt sold two Ferraris worth $2.5 million to increase his Bitcoin holdings, citing the cryptocurrency's approach to a historically significant support zone near its 200-week moving average. He views this decline as a rare buying opportunity, placing multiple limit orders to average his entry price. Runefelt warns against high leverage near this level due to potential brief dips below support that can trigger liquidations. Historically, Bitcoin has rebounded strongly after touching this long-term average, suggesting potential for a major rally ahead.
Bittensor's TAO token has recently fallen more than 2% despite being among the top trending tokens with increased transaction volume. Liquidity analysis shows significant resistance between $220-$255 and support near $185-$190, but the token remains ...
Bitcoin faced a second rejection near the $67,000 resistance level, increasing the risk of further declines toward $62,000, $60,000, and possibly $58,000. The weekly stochastic RSI indicates Bitcoin is oversold but suggests the bottoming process coul...
Ethereum spot ETFs attracted $103.9 million in net inflows last week, continuing strong institutional demand despite market volatility. In contrast, Bitcoin ETFs saw a sharp decline in weekly inflows to $33.79 million after heavy outflows midweek, wi...
Bitcoin and Ethereum prices declined by 2.24% and 1.62% respectively amid a 12.92% drop in crypto derivatives trading volume, indicating reduced risk appetite among traders. The broader crypto market saw losses across major altcoins, reflecting a def...
Bitcoin's price fluctuated around $64,000 after a $225 million outflow from spot bitcoin ETFs, mainly from Blackrock's IBIT fund, ended a week-long inflow streak. The Crypto Fear & Greed Index remains in the fear zone at 27, reflecting investor cauti...
