The Coinbase Bitcoin Premium Index has remained negative for 21 consecutive days, the longest streak in the current cycle. Data from Coinglass shows the index has stayed below zero since early November, mirroring Bitcoin’s drop from near $120,000 to around $84,000. This negative premium indicates ongoing selling pressure on US-based exchanges, reflecting US institutional investor
Bitcoin price may be gearing for a rebound with a cleaner setup after prolonged leverage wipeout. Summary Bitcoin trades near $87K after a major leverage flush that cleared out excessive long positions. CryptoQuant analysts say fear, oversold readings, and reduced open interest could support a slow recovery. The chart still leans bearish with downward-sloping averages
Crypto market analysts are confident that Bitcoin’s recovery could continue as the cryptocurrency has begun to move higher since its bottom at just above $82,000 on Friday. Tech stocks and crypto markets dumped over the past two weeks “because of the market flip-flopping on expectations for a rate cut,” Capriole Fund founder Charles Edwards posted
Bitcoin price started another decline below $88,000. BTC is now attempting to recover and might face hurdles near the $89,500 zone. Bitcoin started a fresh decline below $90,000 and $88,000. The price is trading below $89,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $89,500 on
Bitcoin continues to dominate global discussions, and Paolo Ardoino adds new fuel to the debate. The Tether CEO says Bitcoin will stand the test of time because people demand freedom, choice, and financial independence. He argues that no organization can control a force that millions already support. He claims that the movement grows daily and
A well-known Polish market analyst has publicly apologized after his latest Bitcoin outlook collapsed within weeks, sparking debate across social media. Robert Ruszała, known online as El Profesor, admitted his plan was wrong and published a detailed breakdown explaining the mistakes behind his failed scenario. Analyst Breaks Industry Norm by Owning His Error Crypto commentators
Bitcoin open interest has dropped off as the cryptocurrency’s price has slid over the past month, which an analyst argues could see Bitcoin hit a bottom and spark a “renewed bullish trend.” Open interest in terms of Bitcoin (BTC) has seen its “sharpest 30-day drop of the cycle” at around 1.3 million BTC, currently worth
In a significant development for the crypto world, Animoca Brands just achieved a major milestone that could reshape blockchain gaming investments across the Middle East. The company received in-principle approval to operate as a fund manager in Abu Dhabi, opening new doors for digital asset innovation. What Does Animoca Brands Abu Dhabi Approval Mean for
The backlash against financial services company JP Morgan from the Bitcoin (BTC) community and supporters of BTC treasury company Strategy continued to swell on Sunday as calls to “boycott” JP Morgan grew. The anger from the Bitcoin community followed news that the MSCI, formerly Morgan Stanley Capital International, an index company that sets criteria for
Satoshi Nakamoto’s legendary Bitcoin fortune has dropped by an estimated $41 billion, as BTC’s price slid more than 30% from its all-time high. The pseudonymous creator’s 1.1 million Bitcoin, tracked using the Patoshi mining pattern, fell from $138 billion in October to about $96 billion as of this writing. This sharp decline moved Satoshi from