Bitcoin price slipped lower on Oct. 16, testing key support around $111,000 as spot Bitcoin exchange-traded funds swung back to net outflows after a brief return to inflows. Summary Bitcoin trades around $111K as BTC spot ETFs record $94M in outflows. Trading volume and derivatives activity signal cautious sentiment. Dovish Fed tone offers hope for
Bitcoin options market is showing the rising demand for institutional put options as the BTC price struggles to reclaim the upside. According to market data, the total value of institutional Bitcoin put transactions exceeded $1.15 billion. This represents a massive 28% of the overall market activity. This could potentially have a spillover across the broader
Last Friday, cryptocurrencies experienced a major crash. Bitcoin (BTC), which fell to $102,000, then recovered to over $115,000. While bullish expectations for Bitcoin, which has been fluctuating between $115,000 and $110,000 during the week, still continue, Glassnode suggested that Bitcoin needs a new catalyst to continue its rise. Glassnode analysts said that Bitcoin needs a
Bitcoin price today trades near $111,015, holding steady after a volatile midweek session that saw buyers step in at the rising trendline near $108,000. The market’s resilience contrasts with record highs in gold and silver, with analysts saying bitcoin’s pause may be masking underlying strength ahead of a potential breakout. Bitcoin Price Defends Long-Term Trendline
According to data from blockchain analysis platform Onchain Lens, a whale address, one of the early Bitcoin investors, transferred 2,000 BTC (worth approximately $222 million) to 51 new wallets. Early Bitcoin Whale Moves 2,000 BTC to 51 New Wallets According to the report, this large transfer from an old Bitcoin address named 3Cv6…Wmn4 attracted attention.
Bitcoin hovered around $111,000 Thursday afternoon Hong Kong time, steady after another volatile stretch as China’s latest retaliatory trade measures against the U.S. reignited risk aversion across global markets. The broader crypto market slipped back into caution mode, with total capitalization unchanged at roughly $3.8 trillion. Ether ETH$4,025.83 traded near $4,000, BNB at $1,180, and
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s BTC$111,103.05 price recovery following Friday’s crash has been tepid at best, leaving prices dangerously close to the key support zone. The outcome here could set the stage for significant moves. BTC rallied to $116,000 after Friday’s sharp drop, during which
Bitcoin may struggle to sustain its upward trend unless something triggers more excitement among investors, according to Glassnode. “Without a renewed catalyst to lift prices back above $117.1k, the market risks deeper contraction toward the lower boundary of this range,” Glassnode said in a report published on Wednesday. Bitcoin (BTC) is trading at around 5%
Bitcoin is lagging in October, but analysts say its stability signals strength. The “digital gold” is failing to rally alongside gold, which is hitting new highs. One analyst says a massive move, similar to late 2024, “will start very soon.” A strange and deceptive calm has settled over the Bitcoin market. While its analog cousin,
Bitcoin’s latest pullback has cleared the decks for a potential rebound, but conviction is scarce. “It was a structural flaw magnified by excessive leverage and thin liquidity,” Thiago Duarte, Market Analyst at Axi, told Decrypt. After a $19 billion leverage washout and cooling ETF demand last Friday, the market is now in a wait-and-see mode.