Market maker Wintermute warns that Bitcoin's recent price rise near $81,000 looks driven by a short squeeze rather than strong spot demand or a genuine breakout. The rally is fueled by traders covering losing short positions and leverage, not broad buying interest, making it fragile. Wintermute advises caution as the rally depends on macro stability and stronger spot flows; a sharp reversal could challenge the breakout hopes. The key issue is why Bitcoin is rising, with current conditions less favorable for sustained bullish momentum.
On May 12, Bitcoin ETFs saw inflows exceeding $220 million, contributing to nearly $1 billion in total inflows for the month. This robust activity highlights sustained institutional interest in Bitcoin investment products. Additionally, Hyperliquid r...
Bitcoin fell below $80,000 amid cautious crypto markets ahead of the U.S. Senate Banking Committee's markup meeting on the Clarity Act. Significant outflows were seen from spot Bitcoin and Ethereum ETFs, with over 120,000 traders liquidated recently....
Bitcoin has climbed back above $80,000, driven by steady inflows into US Spot Bitcoin ETFs and increased spot demand, signaling renewed institutional interest. Despite this positive momentum, capital inflows remain below levels seen in previous bull ...
Bitcoin is currently trading just above $80,000 but needs to firmly retake the $82,000–$82,500 resistance zone to signal a return to its long-term uptrend. It is trading narrowly below key long-term indicators, the 200-day SMA and EMA, indicating a c...
Bitcoin dipped below $80,000 but remains structurally bullish after reclaiming the monthly 50 moving average (MA) as support, according to analyst Scient. This level, around $74,000, has historically defined Bitcoin's broader market cycles. The analy...
