BTC has continued its drawdown, entering oversold territory not seen since the 2023 bear market. The current selling has been ongoing for 73 days since the recent all-time high. BTC is still trading with highly fearful sentiment, and has not staged a recovery despite the expectations for a year-end rally. The current market climate puts
Story Highlights Bitcoin forms fifth Golden Cross, a signal that triggered strong rallies during uncertain markets Trader Merlijn says Golden Cross could drive 45% to 50% Bitcoin price rally ahead Bitcoin price has been moving sideways around $86K, keeping the crypto market nervous. However, bullish hope has returned as Bitcoin formed a fresh Golden Cross,
The United States (US) Bureau of Labor Statistics (BLS) will publish the all-important Consumer Price Index (CPI) data for November on Thursday at 13:30 GMT. The inflation report will not include CPI figures for October and will not offer monthly CPI prints for November due to a lack of data collection during the government shutdown.
Bitcoin’s violent move on December 17 caught traders off guard. In a single day, BTC surged to around $90,500 before reversing hard and sliding toward $85,200. From high to low, that was a swing of more than 5%, or roughly $5,000. This was not news-driven. It was structure-driven. Three charts explain why the move happened,
Bitcoin’s average price behavior after the RSI (relative strength index) drops below 30 has nearly always rebounded, according to the macro research head at Global Macro Investor, Julien Bittel. He shared a chart showing the average market path the last five times Bitcoin’s RSI broke below 30. The analyst also rejected the popular belief that
Large Bitcoin investors on Bitfinex are once again commanding market attention. Analysts tracking leveraged positioning data show that margined Bitcoin long positions held by “whales” have surged sharply, approaching levels last seen in March 2024. The renewed build-up is occurring even as broader market participation cools, raising questions about what these well-capitalized traders are signaling.
Bitcoin’s upside remains capped by a dense wall of supply from underwater investors, leading to a tentative moment ahead of the holiday break, according to fresh analysis. A lack of sustained spot demand and defensive derivatives positioning, meanwhile, shows a fragile market entering a low-liquidity Christmas period. The top crypto began trading on Wednesday at
Spot Bitcoin exchange-traded funds (ETFs) recorded $457 million in net inflows on Wednesday, marking their strongest single-day intake in more than a month as institutional demand showed signs of re-acceleration. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the inflows, recording the largest daily intake at roughly $391 million, accounting for the majority of the day’s
Crypto treasury companies could be forced to sell as much as $15 billion in crypto if the Morgan Stanley Capital International Index (MSCI) goes ahead and excludes them from its indexes. BitcoinForCorporations, a group campaigning against MSCI’s proposal, projected outflows of between $10 and $15 billion based on a “verified preliminary list” of 39 companies
According to Glassnode’s on-chain analysis, the Bitcoin price is currently stuck between strong selling pressure and critical support levels. The report highlights that Bitcoin is fluctuating between support around $81,000 and the high supply zone at $93,000, emphasizing that the market structure remains fragile. According to the analysis, Bitcoin recently retreated gradually to $85,600 after