Whales quietly scooped up bitcoin while retail investors panicked near the $60,000 mark, with Cryptoquant data showing the Exchange Whale Ratio spiking to 61.6% as large holders dominated buying. Whales Step In at $60,000 Whales quietly accumulated bitcoin while retail investors panicked near the $60,000 mark, according to crypto data intelligence firm Cryptoquant. The firm […]
As Bitcoin (BTC) hovers near its lowest levels since late 2024, a market observer suggests the flagship crypto may not have finished bottoming yet, with more downside potentially ahead. Related Reading: XRP Sees Intense Capitulation As Realized Profit-To-Loss Ratio Plunges BTC’s Historical Data Points To Longer Correction On Wednesday, analyst Rekt Capital compared Bitcoin’s current price action to its performance in previous cycles to determine how close the leading crypto’s market bottom may be. In a video analysis on X, the market watcher explained that BTC’s deviations from previous all-time highs (ATHs) could serve as key reference points for this assessment. Notably, Bitcoin bottomed 22% from the 2017 peak during the last cycle’s correction. Now, it is trading roughly 14% below the 2021 peak of $69,000, which could suggest the bottom may be approaching. However, the analyst affirmed that this metric alone “doesn’t represent the mosaic of data that we need to be paying attention t
Across prediction markets, on-chain dashboards, and sentiment trackers, a clear majority of Bitcoin investors have positioned themselves for further downside. Although Bitcoin has since recovered above $60,000, the recent crash below the level over the weekend has led many crypto traders to believe that there’s going to be another crash to the final bottom. According […]
Bitcoin is testing a key demand zone after breaking down from a symmetrical triangle, putting the market at a critical turning point. While buyers may attempt to defend this support and trigger a rebound, a failure to hold could open the door to further downside in the near term. Bearish Triangle Breakdown Sends Bitcoin Toward Key Liquidity Zone Minga highlighted that the market has experienced a bearish breakout from a symmetrical triangle pattern, and the price is trending toward the 50% wick fill region of the previous weekly candle, an area containing significant untested liquidity and a long limit order that was previously front-ran. While he expects this long position to be filled, the risk on this trade is minimal at 0.25%, effectively serving as a risk-free hedge against his existing short position. Related Reading: Bitcoin Trader Says Something Extremely Bad Is Coming Today, Here’s What Minga maintains a bullish bias for the remainder of the month, but he emphasizes that this
Cango's strategic shift towards AI and mining efficiency highlights a broader trend of diversification in crypto firms, impacting investor focus.
The post Cango increases Bitcoin holdings by 7.65 BTC to 1,065 BTC after selling thousands earlier this year appeared first on Crypto Briefing.
Strive's innovative daily dividend model could reshape investment strategies, but its success hinges on Bitcoin's stability and market diversification.
The post Strive CEO Matt Cole predicts digital credit dividends will surpass money market accounts appeared first on Crypto Briefing.
The US openly accumulating Bitcoin could shift global economic power dynamics, influencing market stability and digital asset policies worldwide.
The post Cynthia Lummis calls for US to accumulate Bitcoin openly while other nations buy quietly appeared first on Crypto Briefing.
