Bitcoin ($BTC) broke above $85,000, reaching a 24-hour high of $87,363.76 before pulling back toward $85,500. This powerful breakout marks a significant shift in market structure, fueled by a massive short squeeze that forced bearish traders to cover their positions, resulting in over $648 million in short liquidations. Crypto traders are now assessing whether fresh
Derivatives Cool Off After Volatile Session Bitcoin’s rally briefly paused following its spike above $87,000 on Monday, settling into sideways consolidation while maintaining daily gains. Despite the minor retreat, total open interest surged past $159 billion across the crypto market alongside a sharp rebound in leverage, signaling strong underlying momentum for a potential breakout toward
Bitcoin is experiencing a resurgence as capital returns, pushing it closer to its yearly open. This development is highlighted by K33 Research, which notes that various technical, structural, narrative, and seasonal signals remain bullish. The implications of this trend could mean increased interest from traders as market sentiment shifts positively. For more details, check the
Mark Yusko, CEO of Morgan Creek Capital Management, argued that the market structure for Bitcoin is starting to shift back in favor of an uptrend, suggesting that $BTC may have entered a new bull run that could reach $250,000 in the long term. In his latest interview, Yusko stated that there has been a significant
Bitcoin closed above its 365-day moving average for the first time since March 2023, successfully breaking through a long-term trendline that has accurately predicted the start of every bull run since 2019. Surging into the $85,897 zone, the price completely absorbed a massive wall of sell orders that had been holding the market back since
Over the past 18 months, the vast majority of publicly traded companies that pivoted to a $BTC treasury strategy have lost money since their initial purchase announcement. Globally, nearly 200 public companies hold $BTC, according to monitoring service Bitcoin Treasuries, although most have small market capitalizations. Many adopted their digital asset treasury DAT during a
Bitcoin is trading at $86,074, stuck between $85,000 and $88,000, unable to break either level. DeFi strategist Penguin X says this isn’t random, it’s the direct result of heavy options positioning that’s been boxing the price in. Why Bitcoin Can’t Move According to the analysis, $85,000 currently holds the most money in the options market.
Bitcoin ($BTC) fluctuated around $86,000 on Tuesday as crude-oil prices hit their lowest levels in nearly three weeks. Key points: Bitcoin consolidated at around $86,000 after hitting fresh 33-week highs on Monday. US president Donald Trump told the UN that a deal to end the war with Iran could come after November’s midterm elections. WTI
Bitcoin’s [$BTC] recent recovery is gaining significance as buyers reverse a deep pullback into a move above a key resistance zone. After falling toward $76,000, $BTC gradually rebuilt demand and reclaimed $82,000 before accelerating toward $87,000. The rapid recovery was also enough to get Bitcoin [$BTC] over $85,000 for the first time since January, which
Bitcoin, the leading cryptocurrency, has experienced a significant surge in recent days, surpassing $87,000 for the first time in almost eight months. As bullish expectations for $BTC continue to rise, analyst PlanB, known for his S2F model, has also provided his latest assessment. The $53,000 Scenario for Bitcoin is Weakening! Renowned analyst PlanB believes that