Bitcoin to spend ‘considerable time’ at $66K, HODLing could change that
Bitcoin is just 12% shy of all-time highs, but a trader says it could stay in this zone for at least the next few months unless demand comes through. Go to Source
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Bitcoin is just 12% shy of all-time highs, but a trader says it could stay in this zone for at least the next few months unless demand comes through. Go to Source
Bitcoin is seeing a reduction in selling pressure from large investors as its price continues to hold above $67,000. Go to Source
Retail investor interest in Bitcoin has declined to a three-year low, and Google search interest for Bitcoin is down 57% since BTC reached all-time highs in March. Go to Source
Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power, and key valuation metrics point to potential positive price movement. Report Notes Seller Exhaustion in Bitcoin Markets, Despite Low Stablecoin Liquidity In the past week, … Read more
Bitcoin whales haven’t accumulated this much Bitcoin over a 30-day period since April 2023, shortly after several local banks in the United States collapsed. Go to Source
Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of 1 petahash per second (PH/s) of hashrate remains notably low at $47.79 per PH/s. Despite the revenue decline, Bitcoin’s hashrate is still just under the 600 exahash per second (EH/s) mark. Bitcoin Miners’ Earnings Plummet; … Read more
According to data from the past 40 days, the San Francisco crypto exchange and custody service Coinbase has experienced withdrawals totaling 12,585 BTC since June 1. Meanwhile, Binance has reported inflows of approximately 30,082 BTC during the same period. Despite these shifts, centralized exchanges have seen 70,966 BTC, valued at $4 billion, withdrawn over the … Read more
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 transactions worth $100,000 or above have significantly fallen over the past two days. Meanwhile, Bitcoin has just retraced below $63,000. Go to Source
Bitcoin’s price briefly dipped below a critical level for traders sparking fears that a further correction toward $60,000 might be on the horizon. Go to Source