As bitcoin slipped to a 2026 low of $59,100, market data reveals that BTC priced against the South Korean won has been changing hands at a discount. In fact, the Kimchi premium has vanished, and bitcoin has been trading below global market prices in South Korea for nearly a month. Nearly a Month of Discounts […]
Job growth exceeding expectations may sustain Fed's restrictive policy, impacting risk assets like Bitcoin and keeping inflation concerns alive.
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The Bitcoin slump highlights the volatility of crypto assets and underscores the need for transparency and strategic management in government reserves.
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Bitcoin's decline highlights the impact of U.S. policies on global crypto markets, raising concerns about future regulatory challenges.
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U.S. spot bitcoin exchange-traded funds (ETFs) recorded $326 million in net outflows on June 5, while U.S. spot ether ETFs lost $5.97 million. The fresh redemptions resumed selling pressure barely a day after both products had snapped long outflow streaks. Outflows Return After a Brief Reprieve Spot ETFs are regulated funds that hold bitcoin or […]
The Bitcoin price faced overwhelming bearish pressure this past week, but it appears that this bearish story has been building up for much longer than was apparent in BTC’s previous price action. According to a recent on-chain analysis, the Bitcoin price has been under sell pressure on the largest cryptocurrency exchange for more than a week. Binance Bitcoin Inflows Signal Sell Pressure For 48 Consecutive Days In a recent QuickTake post on CryptoQuant, a pseudonymous on-chain analyst, Crazzyblockk, revealed an ongoing streak of Bitcoin selling on Binance, the world’s leading crypto exchange by trading volume. The relevant indicator referenced in the post was the “BTC Exchange Net Flow Indicator (IE-Adjusted, 7D MA)” metric. Related Reading: Are Institutions Crashing The Bitcoin Price On Purpose? Here’s What People Are Saying The on-chain metric tracks the 7-day average net amount of Bitcoin entering or leaving Binance, excluding internal wallet transfers. It, thus, indicates whether u