Bitcoin speculators hodl 2.8M BTC in ‘worst performing’ price cycle
Bitcoin unrealized losses mount, but unlike previous market cycles, BTC hodlers underwater are keeping a lid on their emotions. Go to Source
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Bitcoin Sentiment Shifts As Key Bullish Indicators Emerge Amidst Market Fear
After Bitcoin’s retracement to $55.4K, a very bullish signal is becoming evident. Traders active in the past year have averaged returns of just +1.8%, the lowest level since BTC surged past $20K in March 2023. This low average return indicates potential for a significant upward move. 🤯 After Bitcoin’s retrace to as low as $55.4K, … Read more
Senate Committee Discusses Strong Federal Oversight of Crypto Markets
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal oversight for digital commodities like bitcoin and ethereum. Senate Committee Highlights Need for … Read more
Bitcoin traders ‘under pressure’ after deepest correction since 2022 erases profits
83% of short-term Bitcoin traders saw losses after BTC price recorded its deepest drawdown since 2022. Go to Source
Bitwise CIO Predicts Bitcoin Surge to $100,000 Despite Current Price Dip
Bitcoin could reach $100,000 by the end of the year, according to Bitwise’s Chief Investment Officer Matt Hougan. Despite bitcoin currently trading under $60,000 at $57,800, Hougan sees significant potential for long-term investors. Market Pullback a Gift for Investors, Claims Bitwise CIO Bitcoin’s recent market pullback presents a unique opportunity for long-term investors, says Matt … Read more
Cryptoquant Report: Bitcoin Whales Buy Aggressively as Price Hits 4-Month Low
Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the latest Cryptoquant report. Market Signals Mixed as Bitcoin Hits $53K: Whales and Miners Influence Future Bitcoin’s recent price … Read more
Bitcoin price faces major ‘summer of 2021’ style correction despite BTC whale buying
Bitcoin whales have become accumulators again, but analysts say BTC is still at risk of another sharp correction. Go to Source
Price analysis 7/10: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin’s recovery faces selling near $60,000, indicating that bears remain active at higher price levels. Go to Source
Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline
Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin Market Faces Significant Drawdown, Glassnode Reports Despite the notable downturn, Glassnode’s latest analysis … Read more
Bitcoin traders’ profit margins repeat 2022 bear market — New research
Bitcoin is exhibiting classic bottoming-out territory when viewed through the lens of unrealized losses, CryptoQuant says. Go to Source