A key technical indicator for Bitcoin has squeezed to its tightest ever level amid low volatility, which analysts say usually precedes a large breakout and volatility spike. “Bitcoin’s weekly Bollinger Bands are now the tightest in history,” the popular crypto analyst “Mr. Anderson” wrote to X on Tuesday, noting the technical indicator, which shows volatility
The Royal Government of Bhutan has moved another large batch of Bitcoin. They are continuing their pattern of active wallet management. On September 24, blockchain data showed the country’s state-owned investment arm. Druk Holding and Investments (DHI) transferred 419.5 BTC valued at $47.23 million to a new wallet. Despite this outflow, Bhutan still holds 9,232
A massive $1.8 billion wave of liquidations is hitting Bitcoin traders, while gold trades near all-time highs. Summary Gold hits new highs as Bitcoin sees $1.8 billion in liquidations. Shawn Young, Chief Analyst at MEXC Research, notes that the recent selloff serves as a classic reminder of crypto’s structural fragility. In a comment for crypto.news,
BTC$112,598.58 remains stagnant in the $110,000 to $120,000 range, while gold and U.S. equities hover near all-time highs. According to Glassnode’s Accumulation Trend Score by cohort, selling pressure is evident across all wallet groups. This metric measures the relative strength of accumulation based on the size of entities and the volume of coins acquired over
Key metric tied to BlackRock’s Nasdaq-listed spot BTC$112,598.58 exchange-traded fund, IBIT, has been flashing warning signs for two straight months. IBIT’s one-year put-call skew, a measure of market sentiment or pessimism, flipped positive on July 25 and has remained comfortably above zero since then, according to data source Market Chameleon. That’s two straight months of
While Bitcoin (BTC) adoption and usage is rapidly expanding around the world, the number of countries accepting BTC is also rapidly decreasing. At this point, a new report published by the Bitcoin Policy Institute revealed that 32 countries are working to officially adopt Bitcoin. Thirty-two countries, representing approximately one-sixth of the world’s countries, are attempting
Bitcoin (BTC) adoption is growing among countries, with 32 nations actively pursuing exposure through legislation, representing roughly one in six nations worldwide, according to a Bitcoin Policy Institute report published Sept. 22. The study documents a rapid acceleration in government adoption following President Donald Trump’s election and subsequent executive order establishing a US Strategic Bitcoin
Michael Saylor, founder of Strategy, the largest institutional Bitcoin (BTC) bull, made important statements about Bitcoin. Speaking on CNBC’s Closing Bell Overtime program, Saylor said that Bitcoin will start to gain value again towards the end of the year. Stating that the current correction in Bitcoin is temporary, Saylor stated that BTC will successfully overcome
Bitcoin’s (BTC) break below key support has prompted a flurry of ‘buy the dip’ calls on social media. However, liquidity trends suggest a potential for a deeper decline. BTC has dropped over 3% to $111,590 this week, piercing the widely-tracked 50- and 100-day simple moving averages (SMA). Both indicators have lost their upward momentum for
Gold’s uptrend amid Bitcoin’s downturn has driven a wedge between the two safe-haven assets, with experts noting that this increasing divergence is a result of macroeconomic uncertainty, which has pushed investors to reassess their risk appetites. Though Bitcoin is often referred to as a safe-haven asset or digital gold, it has failed to match gold’s