The previous Bitcoin market top may not have been marked by a dramatic crash or obvious sell signal, but by a highly coordinated, sophisticated wave of whale distribution. While most participants were driven by optimism and bullish conviction, large holders were quietly offloading positions in a way that blended seamlessly into normal market activity. How Whale Distributed Bitcoin Without Triggering Warning Signals The Bitcoin market top last year was less obvious than in past cycles, unfolding through a quiet, highly coordinated wave of whale distribution. ForeDex on X revealed that at a time when BTC participants were filled with optimism and conviction, a whale moved roughly 30,000 BTC to exchanges over 10 days via Galaxy Digital. Meanwhile, most market participants failed to recognize the significance of these flows. Related Reading: Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days ForeDex explained that BTC was split into smaller amounts and distributed acr
Bitcoin price started a fresh decline below the $80,500 zone. BTC is consolidating and might struggle to stay above the $78,800 support. Bitcoin failed to stay above $80,500 and extended losses. The price is trading below $80,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $80,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $80,500 and $81,200 levels. Bitcoin Price Dips Further Bitcoin price failed to stay above the $80,500 support zone. BTC remained in a bearish zone and extended losses below the $80,000 level. There was a move below the $79,500 level. The price even dipped below $79,000. A low was formed at $78,720 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $81,250 swing high to the $78,720 low. Bitcoin is now trading below $80,500 and the 100 hourly simple moving a
AI's role in crypto recovery highlights its potential in digital asset management, raising ethical questions about privacy and security.
The post Investor recovers $395K in Bitcoin after Claude cracks decade-old wallet lockout appeared first on Crypto Briefing.
Schwab Crypto is rolling out spot bitcoin and ethereum trading for selected retail clients through Schwab-linked accounts. The offer includes 24/7 support, education, research, and pricing at 75 basis points on each trade’s dollar value. Schwab Crypto Begins Retail Rollout Financial giant Charles Schwab announced on May 12 that Schwab Crypto accounts are now being […]
A DeFi advocacy group has warned about a list of proposed amendments to the long-awaited crypto market structure bill that threaten the sector’s developers and hinder innovation in the US. Related Reading: Bitcoin Rally At Risk: This Critical Resistance Could End BTC’s Bullish Run CLARITY Act Amendments Could Harm The DeFi Sector On Wednesday, the DeFi Education Fund (DEF) shared a list of 16 “anti-DeFi amendments” to the Senate Banking Committee’s crypto market structure bill, known as the CLARITY Act, ahead of its highly anticipated Thursday markup session. In an X post, the advocacy group warned that some of the recent amendments submitted for consideration could harm DeFi technology, users, and developers if they are implemented in the final text of the legislation. These amendments came from Democratic Senators Catherine Cortez Masto, Andy Kim, Chris Van Hollen, Elizabeth Warren, and Jack Reed, who collectively targeted core DeFi protections in the bill. Some of the most notable
The strong correlation between BETZ and Bitcoin highlights the interconnectedness of risk-on assets, impacting investment strategies and market predictions.
The post Roundhill Sports Betting & iGaming ETF shows strong correlation with Bitcoin appeared first on Crypto Briefing.
A crypto analyst has said that XRP’s current low price won’t remain the same forever. Despite also being a blue-chip cryptocurrency like Bitcoin and Ethereum, XRP is currently trading at a level where anyone can buy large amounts of tokens without significantly altering their personal finances. While buying one Bitcoin costs over $80,000 and one […]
The copper gold ratio has broken above its 200-day moving average for the first meaningful time since September 2020. The copper gold ratio is a closely watched macro signal measuring the relative strength of copper, an industrial metal tied to…
