Bitcoin reaching a quarter of a million dollars this year may be more trouble than its worth, according to a macro analyst. “One of the worst things that could happen is Bitcoin shoots up to $250,000, and the S&P to 8,000 in like a 3-month period,” macro analyst and investor Mel Mattison told crypto entrepreneur
Bitcoin has retraced its recent recovery above $104,000 as data shows the Coinbase Premium Gap has continued to be negative. Bitcoin’s Coinbase Premium Gap Has Been Red Recently As pointed out by CryptoQuant community analyst Maartunn in a new post on X, investors on Coinbase keep selling Bitcoin. The indicator of relevance here is the
Some traders who are warning about an upcoming Bitcoin correction might be driven more by self-interest than by an unbiased view of the market, according to a Bitcoin analyst. “If you sold, you really want lower prices,” Bitcoin analyst PlanC said on the Mr. M Podcast published to YouTube on Friday, reiterating that those who’ve
Bitcoin’s latest market pullback has pushed its MVRV ratio back into a critical zone that has historically been associated with macro correction lows and early-stage recovery setups. The MVRV metric now reflects a valuation reset similar to the conditions that preceded major rebound phases in prior cycles. Why The Reset Reinforces Bitcoin Value Proposition The
New on-chain data from CryptoQuant shows that there’s an increase in the supply of Bitcoin for sale on the market; however, demand from buyers is shrinking, a potentially bearish sign for the world’s largest cryptocurrency. Julio Moreno, head of research at CryptoQuant, said in a post on X that long-term holders (LTHs), investors who hold
Bitcoin retail investors are snapping up Bitcoin as whales sell off, a pattern that could signal trouble for the asset’s price if history is any guide, according to sentiment platform Santiment. However, other crypto analysts are divided on how the coming weeks will unfold for Bitcoin (BTC). “Historically, prices tend to follow the direction of
Bitcoin price reached $103,500 today after a week of tumultuous trading. Bitcoin started the day down close to $100,000 but rebounded throughout market trading to highs of $103,859 today. Earlier this week, Bitcoin plunged below $100,000 for the first time since June on November 4. The slump came amid macro pressures, political headlines, and fading
Bitcoin (BTC) is demonstrating signs of healthy consolidation on Binance, with key liquidity metrics reaching multi-month highs. According to analysts, this activity means the market is building strength for its next major move, even though short-term price action is still volatile. Market Mechanics Signal Accumulation As noted in a report by Arab Chain, Binance’s recent
Jurrien Timmer, director of global macro at Boston-based investment giant Fidelity, has opined that Bitcoin might “pick up the slack” now that gold’s rally has faltered. “The price of gold continues to work off what in retrospect looks a lot like a blow-off that was not quite justified by the rise in liquidity,” Timmer noted,
Bitcoin exchange-traded funds (ETFs) saw less than $1 billion in outflows following the historic crypto market crash in October that caused a 20% decline in BTC’s price, according to senior Bloomberg ETF analyst Eric Balchunas. The ETFs broke a six-day outflow streak on Thursday, recording about $240 million in capital inflows, Balchunas said, sharing a