The post Bitcoin whale places $31M short bet – Will BTC drop to $60K again? appeared on BitcoinEthereumNews.com.
Bitcoin [BTC] has closed at lower lows for two consecutive days for the first time in ten days. At press time, Bitcoin traded at $62,714, down 1.04% on the daily charts. Amid this price pullback, traders, especially whales, have begun shorting the market. Bitcoin whale opens a $31M short As BTC faced rejection, falling to $62k, a whale jumped into the market and opened a short position. According to Onchain Lens, a whale opened a 40x short position on 493 BTC worth $31 million. With BTC declining, the whale is already sitting on $220k profit after spending $2k in funding fees. Moreover, the whale’s decision to open a short position showed strong pessimism, anticipating the market to continue declining. Source: Coinglass Interestingly, this was not an isolated case. After briefly spiking above 1 across all exchanges, the Long/Short Ratio fell back to 0.97 as of writing.
The post EdgeX breaks out of 30-day consolidation – Can bulls push EDGE to $0.80? appeared on BitcoinEthereumNews.com.
EdgeX [EDGE] has firmly sided with the bulls, with the asset climbing an impressive 34% over the past day at press time, as sentiment across the market reflects growing strength from buyers. The analysis shows that while the asset has already gained ground, concerns remain over whether the momentum holds long enough to clear the unfilled liquidity gap sitting ahead of price. For now, market sentiment still favors the bulls. EdgeX rally breaks out of a 30-day consolidation EDGE’s rally stems from a breakout of the descending consolidation pattern the asset had traded within for roughly thirty days, as price moved between key support and resistance levels. While the market carries a decent level of optimism following the recent breakout, the asset still needs to post substantial growth to clear the $0.39 to $0.42 range, which currently acts as supply. Source: TradingView
The post Paradigm Raises $1.2 Billion AI Fund, Keeps Bitcoin Bets Alive appeared on BitcoinEthereumNews.com.
Crypto News Paradigm, one of the crypto industry’s largest venture investors, has raised $1.2 billion for a new fund dedicated to artificial intelligence and robotics — its most explicit push yet beyond digital assets. The vehicle, the firm’s third venture fund, closed on Wednesday and signals a broadening strategy rather than a retreat from crypto. Managing partner Alana Palmedo described digital assets as the firm’s first frontier and still a compelling market, while acknowledging that developments elsewhere in technology had become too significant to ignore. The raise lands as Bitcoin trades near $62,000, down sharply on the year, underscoring how capital is rotating toward AI across the broader altcoin market. Founded in 2018 by Matt Huang, a former Sequoia Capital partner, and Coinbase co-founder Fred Ehrsam, Paradigm built its reputation backing protocol-level crypto proje
The post Bitcoin is Trading -12.35% Below Our Price Prediction for Jul 13, 2026 appeared on BitcoinEthereumNews.com.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is down -3.49% today against the US Dollar Bitcoin is currently trading 12.35% below our prediction on Jul 13, 2026 Bitcoin dropped -3.34% in the last month and is down -43.22% since 1 year ago Bitcoin price $ 61,694 Bitcoin prediction $ 70,390 (13.30%) Sentiment Bearish Fear & Greed index 20 (Extreme Fear) Key support levels $ 62,711, $ 62,036, $ 61,264 Key resistance levels $ 64,158, $ 64,930, $ 65,605 BTC price is expected to rise by 13.30% in the next 5 day
The post Bitcoin Price Prediction: BTC ETFs Posted Three Straight Inflows for the First Time Since May appeared on BitcoinEthereumNews.com.
Bitcoin ETFs posted three consecutive daily inflows, the first such streak since May 4-6, ending an 8-week selling run exceeding $8.6B BlackRock’s IBIT led with $54.80M on July 7 as total daily inflows hit $21.44M US and Iranian forces exchanged fresh strikes overnight, pushing oil up 3.3% and lifting the dollar Bitcoin trades at $62,741.45 on July 8, down 0.92%, after getting rejected at the top of its descending channel even as ETF inflows turned positive for a third straight session. Is BTC Getting Rejected At The Channel Top Again? BTC 1D Price Action (Source: TradingView) The daily chart shows BTC inside a descending channel that has broken down three times in 2026, with price currently pressing against the upper trendline after recovering from the June 25 low near $58,000. Analyst Ali Charts flagged the rejection explicitly, noting BTC is get
The post Donald Trump vows fresh Iran strikes as Bitcoin slips below $62K appeared on BitcoinEthereumNews.com.
Bitcoin has dropped below the $62,000 mark after U.S. President Donald Trump has threatened another round of military strikes against Iran, raising concerns that the conflict could intensify further. Summary Donald Trump said the U.S. could launch fresh strikes on Iran after accusing Tehran of violating their agreement. Bitcoin fell below $62,000 as renewed geopolitical tensions weighed on investor sentiment. Oil prices climbed more than 5% to around $74 as markets priced in potential supply disruptions. According to President Trump, speaking at the NATO Summit in Ankara, the United States is likely to launch more strikes on Iran later tonight after carrying out military operations the previous evening. The comments came shortly after he declared that the memorandum of understanding between Washington and Tehran was effectively over, accusing Iran of violating the agreement. T
The post Bitcoin’s ETF comeback is relying on a $79B futures market betting the rebound holds appeared on BitcoinEthereumNews.com.
Bitcoin’s rebound above $63,000 is being helped by renewed ETF inflows, but the harder test will now be whether the liquidity beneath the move can absorb shock from rising leverage, funding pressure, or a sudden reversal in fund demand. Data from CryptoSlate shows BTC trading around $61,500 as of press time, down 3.2% over the last 24 hours but up 2.8% over the past week. The price is just about sustaining Bitcoin’s recovery from late-June lows near $58,500, when weak ETF flows, rising exchange supply, and softer liquidity combined to pressure the market. This now-fragile rebound has more support than it did during the June sell-off because ETF inflows have returned, even as rising futures activity makes the recovery more sensitive to market positioning. Related Reading Bitcoin price rebounds to $63K as leverage returns creating short term volatility risk B
Market volatility underscores the fragility of geopolitical agreements, impacting global economic stability and investor confidence.
The post Oil prices surge and Bitcoin slides after Trump declares Iran ceasefire over appeared first on Crypto Briefing.
Bitcoin has dropped below the $62,000 mark after U.S. President Donald Trump has threatened another round of military strikes against Iran, raising concerns that the conflict could intensify further. According to President Trump, speaking at the NATO Summit in Ankara,…
