Bitcoin remains under intense selling pressure after failing to sustain key support levels near $106,000. The world’s largest cryptocurrency continues to trend lower as institutional movements intensify, with reports indicating that BlackRock sold about 9,000 BTC valued at roughly $1 billion earlier today. This significant sell-off has added to the bearish momentum that started after
Bitcoin dropped below $106,000 in early European hours Friday as leveraged traders once again faced heavy losses, with nearly $1.2 billion in crypto positions wiped out over the past 24 hours. Data shows that most of the damage came from long positions, reflecting how aggressively traders had positioned for a bounce earlier in the week.
Bitcoin price slid below $110,000 as rising exchange-traded fund outflows and renewed selling pressure dragged the market deeper into correction territory. Summary Bitcoin dropped under $110K as spot ETFs saw $536M in outflows. Derivatives data show growing caution, with volumes up 40% but flat open interest. Analysts warn of a possible dip toward $100K if
Metaplanet CEO Simon Gerovich has unveiled a detailed plan. He explained how the company will continue expanding its Bitcoin holdings without diluting shareholder value. In his latest post, Gerovich broke down how issuing preferred shares, instead of common stock, can strengthen Metaplanet’s balance sheet. While boosting Bitcoin per share (BTC/share) growth. As we enter our
The U.S.-listed crypto exchange-traded funds (ETFs) bled money Thursday, snapping a two-week streak of consistent inflows. The 11 bitcoin BTC$106,956.43 ETFs registered a net outflow of $536.4 million as investors pulled out $56.8 million from ether ETFs. Data curated by SoSoValue shows BlackRock’s iShares Bitcoin Trust (IBIT) saw $29 million in outflows on the day,
Bitcoin price is struggling to settle above $112,500 and $113,000. BTC is now moving lower and might start another decline below $108,000. Bitcoin started a fresh decline after it failed to clear the $113,000 resistance level. The price is trading below $110,000 and the 100 hourly Simple moving average. There is a bearish trend line
The 200-week moving average is one of the most critical macro indicators for Bitcoin, serving as the definitive divide between bear market capitulation and long-term accumulation. While BTC’s price movements are notorious for their sudden, dramatic swings, history shows that the 200 WMA technical indicator has stood out with remarkable consistency. How The 200 WMA
No one has a crystal ball, but if Bitcoin continues to behave according to its past cycles, then we’ve most likely already reached the peak. Bitcoin printed an all-time high on Oct. 6, but it failed to extend the move as the post-halving clock approaches the peak zone seen in prior cycles. The 2024 halving
Bitfury’s EVP, George Kikvadze, a prominent figure in the cryptocurrency world, made a striking prediction about Bitcoin’s future in an interview with CNBC Television. According to Kikvadze, it’s “only a matter of time” before the price of Bitcoin reaches $1 million, and then $10 million. As an early Bitcoin investor, Kikvadze assessed the cryptocurrency’s evolution