As Bitcoin undergoes a short-term correction, a divided market outlook emerges. Some experts warn that a break below the psychological $100,000 level could trigger a further plunge to $56,000. On the other hand, on-chain data analysts suggest the current downturn is a healthy adjustment. McGlone Identifies $100K as Critical Support Mike McGlone, Senior Commodity Strategist
U.S. spot Bitcoin ETFs resumed inflows on Nov. 7 as institutional demand for the bellwether asset returned, after BTC bulls successfully defended the $100K support level. Summary U.S. Bitcoin ETFs switched back to inflows on Nov. 7 as institutional demand improved. Bitcoin bulls have defended the $100k psycologcial support level twice this week. Crypto markets
Story Highlights Social media rumors claim NVIDIA is preparing a massive Bitcoin buy, but a Coinpedia fact-check finds zero evidence, filings, or on-chain activity to support it. Despite viral insider claims, NVIDIA’s focus remains AI and chips, with no official BTC plans; analysts confirm the company hasn’t made or signaled any Bitcoin purchase. Recently, social
Bitcoin’s price is struggling to hold above $100,000, marking one of its weakest phases in recent months. BTC exchange-traded funds (ETFs), once considered bullish catalysts, now appear to be amplifying market pressure. The recent data show that ETF outflows are intensifying Bitcoin’s decline, shaking investor confidence, and presenting a potential bearish phase ahead. Bitcoin May
Bitcoin (BTC) trades near $101,358 as it struggles to regain momentum after retreating from its October highs. The price remains under selling pressure, moving below key exponential moving averages (20, 50, 100, and 200-EMA). This setup signals a continuation of short-term weakness despite brief rebounds seen earlier in the week. Price Consolidation and Technical Levels
Gold advocate Peter Schiff issued warnings about risks facing Bitcoin holders who have pledged their tokens as collateral for loans. The economist argues that a market crash would force liquidation of these positions at unfavorable prices. Schiff stated that holders have pledged Bitcoin as collateral to acquire other assets or fund lifestyles without selling their
Bitcoin (BTC) trades at $101,328 as of press time, erasing the 2.3% recovery that had briefly pushed the price to $103,885 the day before. The breakdown confirms what on-chain data has been telegraphing about demand momentum fading, long-term holders selling into weakness, and the market testing structural supports last seen during mid-cycle corrections. The two
According to Matrixport’s post, Bitcoin has entered a consolidation phase due to macroeconomic pressures and resistances in the market structure. Matrixport: Bitcoin in Consolidation Phase, Current Situation Not a Structural Peak The report cited the cautious stance of the US Federal Reserve and the low probability of easing monetary policy in the near term as
Leading cryptocurrency Bitcoin entered a downward trend after reaching a new ATH of over $126,000 at the beginning of October. While there was a major crash in BTC and altcoins on October 11, this downward trend continues in November. Analysts are divided on their BTC predictions. Bitcoin’s ongoing correction has led to divided market predictions,
U.S. exchange-traded funds (ETFs) recorded inflows of $240 million on Thursday, marking the first day of positive flows since Oct. 28, according to data from Farside. No outflows were reported from any ETF provider, ending a six-day streak of consecutive outflows. The longest stretch of outflows since the ETFs launched remains eight consecutive trading days,