The chance of Bitcoin ($BTC) falling below $60,000 is “extremely slim,” according to data showing that $BTC long-term holders increased their holdings to 71.6% of the total supply. In addition to this data, a key technical signal turned bullish for the first time since February. $BTC price may avoid fresh new lows, says analyst Crypto
Key takeaways: Top traders boosted their Bitcoin long-to-short ratios, strengthening the $76,000 support floor. Macroeconomic pressures and persistent Bitcoin ETF outflows are capping immediate Bitcoin breakout potential to $82,000. Bitcoin ($BTC) flirted with $78,000 on Thursday but failed to sustain its bullish momentum after a disappointing outlook from US retailer Walmart and growing signs of
Bitcoin remains in a tight Spot as its next directional move carries significant liquidation consequences on both sides of the market. Selling pressure is building, macroeconomic uncertainty is deepening, and investors are increasingly shifting toward protecting their capital over the longer term. $22.08 billion in liquidation clusters sit on both sides The latest analysis from
Santiment, a leading on-chain data and social analytics company, shared critical data on the current state of the cryptocurrency market and the conditions under which a potential uptrend might occur in the coming summer months. Santiment analyst Brian Quinlivan examined investor sentiment and profitability rates in Bitcoin and leading altcoins. Bitcoin, after reaching $81,000 two
Bitcoin ($BTC) focused on $77,000 on Thursday as analysis eyed a minimum 5% $BTC price move. Key points: Bitcoin waits for a breakout move as it circles the $77,000 mark. Analysis sees risk in shorting price at current levels, with bears in the firing line. Macro hurdles keep risk assets down across the board, while
Bitcoin has remained under pressure below $78,000 after four straight days of ETF outflows, and a derivatives flush earlier this week which has continued to weigh on market sentiment. According to SoSoValue data, US spot Bitcoin ETFs recorded another $70.5 million in net outflows on May 20, extending a selling streak that has now lasted
Michael Saylor, the co-founder of Strategy, has maintained his stance that Bitcoin will outperform the S&P 500 over time. Saylor reiterated this at his appearance on CNBC’s Squawk Box on Thursday. According to the Bitcoin maxi, the crypto leader will “go up” more than the S&P 500, one of the most watched financial benchmarks in
MicroStrategy Chairman Michael Saylor and CEO Phong Le made some pressing statements regarding current events and Bitcoin. The duo, who made striking statements about the company’s Bitcoin strategy, new digital credit instruments, and macroeconomic developments, argued that the global financial system is on the verge of an irreversible digital transformation. Michael Saylor, stating that traditional
Bitcoin options open interest on Deribit has reached $31.3 billion, overtaking BlackRock’s IBIT ahead of a $6.25 billion expiry. Deribit’s Bitcoin options open interest climbed to $31.3 billion on May 21, overtaking BlackRock’s IBIT at $27 billion. The reversal comes after IBIT briefly surpassed Deribit in April for the first time since ETF options launched