Bitcoin BTC$84,003.00 has fallen sharply, dropping over 25% to $83,700 this month, and data suggests some traders are bracing for a further decline. According to blockchain analytics firm Glassnode, traders have been heavily buying short-term BTC put options at the $75,000 strike price on Deribit since bitcoin’s spot price slipped below $94,000 earlier this week.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2667.21, down 4.0% (-111.91) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: BCH (-2.3%) and BTC (-3.3%). Laggards: APT (-8.8%) and NEAR (-7.8%). The
Bitcoin is showing one of the deepest momentum breaks of the cycle, with several onchain indicators now printing signals last seen during the industry’s most violent washouts. Data from Glassnode shows realized losses have surged to levels comparable to the November 2022 capitulation around the FTX collapse. The spike is being driven almost entirely by
For years, the crypto industry has said the right things about onboarding the next billion users. We’ve talked about scalability, security, decentralization, and user sovereignty (and yes, these all matter). But ask any everyday person why they stopped mid-way through a crypto transaction, and you’ll hear the same frustrating story: “It wouldn’t let me complete
Bitcoin BTC$83,292.08 staged a modest rebound in morning U.S. hours Friday after a 10% selloff overnight as the likelihood of a Federal Reserve rate cut in December jumped sharply following dovish remarks from New York Fed President John Williams. “I still see room for a further adjustment in the near term to the target range
Bitcoin price today trades near $82,300 after falling sharply through the $90,000 support cluster. The breakdown confirms a continuation of the November downtrend as spot outflows surge and open interest unwinds. Sellers now pressure the $80,000 liquidity band, a zone that has emerged as the final near-term defense. Spot Outflows Surge To $558M As Distribution
The odds of a December Fed rate cut have rebounded massively today, providing a bullish outlook for Bitcoin and the broader crypto market, which are facing an intense sell-off. The rebound in the rate-cut odds follows New York Fed President John Williams’ speech, in which he opened the door to another near-term cut.
Bitcoin’s break below $85,000 triggered more than $2 billion in crypto derivatives liquidations within 24 hours as risk assets came under pressure again. BTC briefly approached $85,000 earlier in the week before bouncing, but momentum for a recovery was minimal as it broke down as low as $81,600 overnight. Bitcoin liquidations hit $2 billion overnight
Key Takeaways There is a 71% probability that Bitcoin will reach $80,000 by November on the Polymarket prediction market. The odds reflect active trader sentiment and ongoing adjustments based on market corrections. Polymarket, a leading prediction market platform, shows 71% odds of Bitcoin falling to $80,000 by November, reflecting current trader sentiment on the decentralized
Bitcoin’s correction is deepening day by day. The price of BTC plummeted to $82,000 during the day. While we are wondering how far this decline can go and at what level it will stop, the latest prediction came from Bitwise Europe research head Andre Dragosch. Bitwise analyst Andre Dragosch noted that the likely biggest pain