Bitcoin [$BTC] recently faced a sharp rally. However, it’s now showing signs of a potential cooling period. This has happened because investors have started booking substantial profits, despite the price struggling to break past the resistance level. According to Santiment, Bitcoin recorded roughly $1.03 billion in realized profits in a single day recently. This marked
Fireblocks’ research chief has identified exposed public keys as the main factor in Bitcoin’s future quantum risk, citing public estimates that roughly 6.7 million to 7 million BTC sit behind keys already visible onchain. Fireblocks Vice President of Research Michael Gutkin told crypto.news that a holder’s exposure depends on the blockchain, address type, and transaction
Resistance at $83,000 Triggers Volatile Trading Bitcoin rebounded Friday to briefly reclaim $83,000, signaling a potential end to a downturn that dragged the cryptocurrency to multi-week lows. The decline, fueled by more than $700 million in spot bitcoin exchange-traded fund (ETF) outflows this week, dampened analyst expectations for a record-setting October. Market data shows that
The Federal Reserve’s $3.891 billion Treasury bill purchase, settling today, puts US yields, dollar strength, and global liquidity in focus for Indian Bitcoin ($BTC) and gold traders. However, the Fed’s reinvestment does not automatically mean fresh liquidity. For Indian crypto traders, the key question now is whether rising US yields and a strengthening dollar are
Bitcoin’s on-chain regime model from BIT has returned to a 67% net-long position for a second consecutive month, with five indicators now in territory historically associated with bull markets. The reading suggests a potential recovery in Bitcoin’s cycle, although a recent $7,000 price decline and two important on-chain price levels leave room for further weakness.
Bitcoin is under scrutiny following reports of significant security concerns linked to AI advancements and the transfer of over 17.7K $BTC to Coinbase. This movement, highlighted by the commentator @K33Research, raises questions about the security of elliptic-curve cryptography amidst evolving technology. The implications for traders could be substantial, particularly regarding Bitcoin’s supply dynamics and market
The U.S. government has moved over 17,700 $BTC, an action that raises significant concerns about Bitcoin’s security amidst evolving market conditions. This transfer was highlighted in a tweet by K33 Research, which also mentioned worrying developments in artificial intelligence. The implications of these events could influence market sentiment and trader strategies moving forward. Breaking It
Cryptocurrency market analyst CW stated that despite Bitcoin’s recent price drop, demand indicators continue to improve. According to the analyst’s data, while demand in the futures market declined slightly compared to the previous day, the negative value in spot demand narrowed significantly. The spot demand indicator has not yet moved into positive territory. Therefore, the
Bitcoin price has recovered toward $83,000 after testing $80,400, but weakening daily momentum and a still-positive weekly breakout leave its October outlook dependent on holding the $79,600–$80,400 support zone. TradingView’s Binance $BTC/USDT daily chart placed Bitcoin at $83,012 on Oct. 9, while the weekly chart showed $82,928. The weekly price was down 4.16%, following a
When the Bitcoin realized profit data tells a different story from the market panic, it’s worth looking twice. $BTC recently dropped to $80,500, triggering talk that holders were capitulating and selling at a loss. But Santiment insights point to something quite different: the broader network realized billions more in profits than losses. Bitcoin Realized Profit