The biggest traders on Hyperliquid have been building a long bitcoin position for two months, and the price chart is starting to break their way. Glassnode data shows whale positioning on Hyperliquid, the onchain perpetual futures exchange, flipped from net short to net long in early March and has stayed long ever since, with the
Freezing dormant bitcoin would trigger an immediate repricing and mark one of the world’s oldest cryptocurrency’s worst trading days since its 2009 launch, advocates told CoinDesk. Bitcoin developers and crypto industry participants have debated for weeks whether they should freeze dormant tokens to protect them against the risk of theft through quantum computing, whenever those
Cryptocurrency asset manager VanEck shared noteworthy findings regarding market dynamics in its latest research report on Bitcoin. The report, authored by Patrick Bush and Matthew Sigel of the company’s digital asset research team, noted that indicators historically considered “bullish signals” for Bitcoin emerged from both derivative markets and network data. According to the report, market
Traders look at crypto through rigid geometry, wedges, flags and shoulders that they expect to act as a kind of blueprint. As Bitcoin moves into a mature phase early in 2026, various crypto analysts suggest that these patterns are fluid. A prominent crypto analyst Ali Martinez says that patterns transform alongside price action and that
Bitcoin developer Paul Sztorc has announced a new hard fork plan that could create a fundamental change to the network. This upgrade, called “eCash,” is scheduled to launch in August, and the project aims to create a Layer 1 network as an alternative to Bitcoin, along with seven Layer 2 scaling solutions (Drivechains). According to
Something notable happened on Friday, indicating the accelerating institutionalization of the bitcoin market, which has been pioneered by everyday people for years. This is because options, or hedging instruments, linked to BlackRock’s bitcoin exchange-traded fund (ETF), IBIT, have grown slightly larger on Nasdaq than total bitcoin options trading on the offshore giant Deribit. It is
Fu Peng, the new chief economist at Xinhuo Group, known for its assessments of cryptocurrency markets, shared a remarkable analysis of Bitcoin’s fundamental dynamics. In statements made via the X platform, Fu stated that Bitcoin’s evolving structure, particularly through futures and ETFs, is increasingly resembling some models in traditional financial markets. According to Fu Peng,
Bitcoin edged lower late morning on the U.S. East Coast after U.S. President Donald Trump’s comments signaled a halt to planned diplomatic travel tied to Iran talks. The largest cryptocurrency dropped about $100 to $77,351 just before noon ET, reversing a modest earlier gain. The move came minutes after a Fox reporter posted Trump’s remarks
The longer the market compresses below resistance, the more supply dynamics take control of the setup. Notably, Bitcoin’s [$BTC] current market setup seems to be reinforcing this playbook. On the technical side, $BTC’s 13.7% rally so far in Q2 has pushed sentiment back into risk-on mood, with risk appetite gradually returning. However, from an on-chain
Bitcoin’s recent gains — it’s added almost 15% this month — aren’t enough to convince some industry observers that the largest cryptocurrency has escaped the bear market it entered in October. It is, after all, still 40% below its record. There may be deeper drops to come, with some, unidentified, forecasters, predicting a drop to