As the price of Bitcoin hovers around $104,000, close to breaking through a crucial psychological threshold, its steep decline continues. With little structural support left below, concentrated liquidation clusters are visible just below the current price on the most recent CoinGlass BTC/USDT liquidation heatmap. Digging through liquidity A dense liquidity pocket that is presently being
Mike McGlone of Bloomberg Intelligence warns that Bitcoin could be entering its weakest period relative to gold since 2018. According to his latest model, the Bitcoin-to-gold ratio could potentially break down below the 25 floor. This would open the path toward 15, erasing nearly 60% of Bitcoin’s relative strength against the precious metal it once
Tenerife’s governing body is in talks over the $10 million sale of 97 bitcoins (BTC) that the island’s Institute of Technology and Renewable Energies (ITER) bought in 2012 for just €10,000. El Dia reported yesterday that Juan José Martínez, a councillor on the Tenerife Island Council who helps oversee ITER — known for its work
A major battle between institutional whales is defining Bitcoin’s price action today. The market first reacted to a massive sell-off from BlackRock’s IBIT Bitcoin Trust. On-chain trackers show IBIT sold over 24,000 BTC, worth $2.75 billion. This institutional selling pushed Bitcoin down to the $104,000 level. In response, a single, mysterious whale purchased $86 million
Leading cryptocurrency Bitcoin (BTC) and altcoins are experiencing a deep decline. Analysts believe the decline was triggered by waning hopes for interest rate cuts following hawkish statements from Fed officials, the prolonged US federal government shutdown, and a sharp decline in investor confidence. Analysts also believe that market liquidation pressure fueled the decline. According to
Bitcoin danced on the edge of a cliff Tuesday, teetering just above critical support at $103,500, and investors felt the tension. With heavy sell-side volume and technical signals flashing red across the board, the market waits to see if gravity—or resilience—wins this round. Bitcoin Chart Outlook Across the daily chart, the landscape remains distinctly bearish.
Crypto finance platform Matrixport stated in its latest market assessment that the recent decline in Bitcoin price does not mean the uptrend is over. Matrixport: Bitcoin’s Drop May Be Temporary, Rally Not Over Yet The company emphasized that the 21-week moving average (MA21) indicator, which Bitcoin investors frequently follow, continues to be an important reference
BTC dipped to the $103,000 range, extending the losses from Monday. The leading coin lost some of its recent cost basis support levels, leaving the last support at $99,000. BTC lost another support level after dipping below $104,000 on Tuesday. The market showed increasing fragility, pushing BTC down to $103,668. BTC crashed to $103,000 a
Binance founder Changpeng Zhao (CZ), who is closely followed by the cryptocurrency industry, continues his posts after the decline last night. CZ stated that declines are normal and that he always buys cryptocurrencies before declines. CZ stated that whenever he made a purchase, there was a decline afterwards, and gave the example of his previous