capitulation – DIGIT INFO

Bitcoin miners ‘near capitulation’ as profits dry up alongside BTC sell-off

DIGIT — Fri, 05 Jul 2024 22:31:07 +0000

CryptoQuant analysts say Bitcoin miners are showing signs of “capitulation” as profit margins tighten in the post-halving climate and BTC price falls close to $50,000.

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Bitcoin price capitulation below $26K increases as Friday’s BTC options expiry looms

DIGIT — Wed, 17 May 2023 17:00:05 +0000

This week’s BTC options expiry could play a decisive role in Bitcoin price potentially trading below the $26,000 level.

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Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1

DIGIT — Fri, 19 Aug 2022 20:30:30 +0000

Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions, according to cryptoquant.com data. More Than 6,100 Bitcoin […]

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Capitulation ongoing but markets not at the bottom yet: Glassnode

DIGIT — Tue, 12 Jul 2022 02:51:02 +0000

While many indicators suggest that the market bottom may be close, time will be the ultimate determinant, according to a new report from Glassnode.

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2022 bear market has been the worst on record — Glassnode

DIGIT — Mon, 27 Jun 2022 05:50:33 +0000

Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history.

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JPMorgan Says Crypto Market Is Healing, Expects More Price Decline Before Capitulation

DIGIT — Tue, 29 Jun 2021 03:00:11 +0000

JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market […]

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Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

DIGIT — Wed, 09 Jun 2021 19:30:33 +0000

Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely” headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests […]

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Bitcoin Bull Mike Novogratz Insists ‘Crypto Revolution Has Happened’ Despite Falling Prices, liquidation

DIGIT — Sat, 22 May 2021 00:00:19 +0000

Galaxy Digital CEO Mike Novogratz says that despite massive sell-offs across a broad range of cryptocurrencies, the story of crypto has not changed and “the crypto revolution has happened.” While viewing the current market as a “liquidation event” and a setback, Novogratz still believes in the long-term adoption of bitcoin. Crypto Revolution Amid ‘Liquidation Event’ […]

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Ark Invest CEO Reaffirms $500K BTC Price Prediction, Says Bitcoin Is in ‘Capitulation Phase’

DIGIT — Fri, 21 May 2021 01:00:19 +0000

The CEO of Ark Investment Management (Ark Invest), Cathie Wood, still predicts that the price of bitcoin will be $500K. She says that all indicators “are all suggesting that we are in a capitulation phase, which is a really great time to buy, no matter what the asset is.” Ark Sees Bitcoin Reaching $500K Ark […]

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Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC

DIGIT — Sat, 15 Feb 2020 19:45:26 +0000

On February 7, the blockchain analytics provider Tradeblock published a report about the upcoming BTC reward halving. BTC’s block reward is expected to halve on or around May 12, 2020, and Tradeblock’s report estimates that the cost to mine BTC will be over $12,500 after the halving. Also Read: The Controversial S2F Model Predicts Bitcoin […]

The post Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC appeared first on Bitcoin News.

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