Bitcoin ($BTC) begins the new week bullish as the leading cryptocurrency is up by more than 1% in the last 24 hours. It is trading above $64,000 on Tuesday after successfully defending the $62,300 support level following the release of softer US inflation data last week. Trading volume increased when Bitcoin approached the support area,
Even though Bitcoin itself is still stuck around $64,000, funding rates for the cryptocurrency have risen to their highest level in about 20 months, indicating a significant shift in derivatives positioning. Traders are deleveraging The action implies that traders are willing to pay more to keep leveraged long positions. Periodic payments between long and short
Famed short-seller James Chanos believes that business intelligence firm Strategy is one of the greatest pure arbitrage opportunities he has ever seen. Chanos argued that there is an “$80B actionable spread” between Strategy and the Bitcoin it holds. Strategy owns an enormous amount of Bitcoin, but the stock market can value the company at substantially
Two prominent hedge funds significantly reduced their exposure to spot Bitcoin exchange-traded funds (ETFs) during the second quarter, according to recent regulatory filings. Brevan Howard cut its holdings of BlackRock’s iShares Bitcoin Trust (IBIT) by approximately 70.4%, while Graham Capital reduced its position by about 72% over the same period. Details from the 13F Filings
Harvard Management Company (HMC), which oversees Harvard University’s endowment, kept its position in BlackRock’s spot Bitcoin ETF (IBIT) unchanged during the second quarter of 2025, according to a U.S. Securities and Exchange Commission (SEC) 13F filing. The firm held 3,044,612 shares as of June 30, 2025, matching its previous quarter’s total. Context: A Shift in
The $BTC price prediction stays cautious as price grinds inside a well worn range, still capped by a descending trendline that has guided every rally lower since May. ETF flows and derivatives data both flashed mixed signals this week, with a fresh Monday inflow offsetting last week’s steepest outflow in over a month. Bitcoin Price
On Monday, CoinDesk reported that Goldman Sachs was downplaying the chance of the Federal Reserve raising interest rates in September, citing slower inflation and echoing dovish expectations among traders, a potential tailwind for bitcoin $BTC$64,177.56. New data is muddying that outlook. The first detail is the difference between the price of diesel and the cost
Bitcoin is approaching an important liquidity zone as leveraged traders continue to shape short-term price action. Recent liquidation heatmap data shows sizable clusters on both sides of the market, leaving traders watching whether $BTC moves higher to trigger short liquidations or slips lower into leveraged long positions. The immediate upside area is around $64,600, where
Samson Mow, CEO of JAN3, has introduced a new Bitcoin price model called OMEGA60, which projects that Bitcoin could reach $1 million by February 2031. The announcement, made via a post on X, has drawn attention for its relatively conservative assumptions compared to other long-term forecasts. Understanding the OMEGA60 Model OMEGA60 is built on the
While the leading cryptocurrency Bitcoin remains stuck between $60,000 and $65,000, it continues to search for direction. The next move for $BTC is being closely watched, and 10x Research’s latest analysis highlights the $63,000 level. Crypto research firm 10X Research stated that it sees $63,000 as a key level for Bitcoin to either recover or