Bitcoin Is 'Boring' AI-Hungry Retail Investors, But Bernstein Still Sees $150K This Year
Bitcoin is down about 50% from its peak, but Wall Street researchers argue the selloff reflects a maturing asset, not a dying one.
The Defiant·
Strategy purchased 1,550 bitcoin for $101.3 million between June 1 and 7, one week after its first BTC sale since 2022. Cash reserve reached $1 billion.
Read full articleBitcoin is down about 50% from its peak, but Wall Street researchers argue the selloff reflects a maturing asset, not a dying one.
The lead research analyst at Glassnode has highlighted how the Bitcoin supply clustered at the top levels might have to shift down before a sustained recovery can take shape. Bitcoin Cost Basis Distribution Shows Massive Supply Above $80,000 In a new post on X, Glassnode lead research analyst CryptoVizArt has discussed how the Bitcoin supply is looking from the perspective of the Cost Basis Distribution (CBD). The CBD is an on-chain indicator that tells us about the amount of BTC that was purchased at each of the levels that the cryptocurrency has visited during its history. Below is the chart for the metric shared by CryptoVizArt. Related Reading: Dogecoin Tests Channel Floor Again: Breakdown Or Rebound? As is visible in the graph, there is a decent amount of Bitcoin supply that was purchased at recent price levels. This supply cluster has built up as the asset has consolidated in the region since February. While this cluster isn’t small, it’s still less dense than some other zones. F
On-chain data shows the new Bitcoin whales realized a massive amount of loss during the past week as BTC has gone through its drawdown. New Bitcoin Whales Have Harvested Massive Losses Recently As pointed out by CryptoQuant analyst Maartunn in a new post on X, New Whales on the Bitcoin blockchain have been participating in […]
Trump's intervention highlights the fragile balance in Middle East diplomacy, impacting global markets and underscoring geopolitical volatility. The post Trump urges Netanyahu not to strike back as Bitcoin whipsaws on Middle East tensions appeared first on Crypto Briefing.
Bitcoin successfully reclaimed the $64,000 threshold, reversing a brutal multi-day rout that had previously dragged it below $60,000. Bitcoin Reclaims $64,000 Amid Geopolitical Storm Bitcoin staged a resilient comeback, shrugging off a volley of escalating military exchanges between Israel and Iran to aggressively reclaim the $64,000 threshold. The cryptocurrency’s swift rebound offers a stark contrast […]
A 32 BTC sale, a Zcash scare, a hot jobs report, and a flush that wiped billions. Then Saylor bought the dip.
The renewed conflict challenges diplomatic stability, impacts global markets, and raises concerns about future economic and geopolitical volatility. The post Iran fires missiles at Israel following Israeli airstrike on Beirut, Bitcoin drops to $62.9K appeared first on Crypto Briefing.
The US-Iran deal could stabilize geopolitical tensions, impacting global markets and highlighting Bitcoin's volatility amid international crises. The post Trump says US and Iran are close to a deal amid missile tensions, and Bitcoin is caught in the crossfire appeared first on Crypto Briefing.