Key takeaways: Persistent spot Bitcoin ETF outflows and US dollar strength reduce the odds of a quick bounce to $65,000. Strong AI sector earnings momentum and higher fixed-income returns pull capital from Bitcoin and gold. Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks on stubborn inflation. Despite the gains on Wednesday,…
Bitcoin (BTC) has delivered a key trend change setup in the latest sign that the macro downtrend could soon reverse. Key points: Bitcoin is seeing its first “perfected” TD9 indicator downtrend setup on monthly time frames since mid-2022. While not a “buy signal” on its own, the move marks a key inflection phase in the…
Following previous drawdown patterns and time horizons between tops and bottoms, BTC is likely to extend its ongoing decline to the $40,000s. According to on-chain indicators reviewed by analysts at the crypto exchange Bitfinex, bitcoin (BTC) still has some way to go before it bottoms out in this bear cycle. The latest Bitfinex Alpha report…
Zach Pandl, head of analysis at Grayscale, mentioned he hopes Technique will promote at the very least $3 billion in Bitcoin to cowl a lot of the firm’s money obligations for the following two years. In a Saturday X submit, Pandl argued that the transfer might restore market confidence within the firm’s capital construction. Opposite…
Analysis of Bitcoin unspent transaction outputs (UTXOs) shows that investors are capitulating, a pattern that has historically coincided with bear market bottoms. The ratio of the number of UTXOs spent in profit versus at a loss has fallen to its lowest level this bear market cycle, said CryptoQuant analyst known as Darkfost on Saturday. This…
Constancy Digital Belongings has pushed again towards considerations that Bitcoin’s long-term safety will deteriorate as mining rewards decline, arguing in a brand new analysis report that the community’s financial incentives stay adequate to safe the blockchain over time. The report, authored by Constancy analysis analyst Daniel Grey, reiterated the view that Bitcoin’s safety will depend…
One analyst said there’s no evident demand for BTC at the moment, another pointed to the ETFs. With just a few days left in June, it’s safe to say that bitcoin would require nothing short of a miracle to end the month in the green, as current data show a substantial 18% decline. On-chain data…
On-chain evaluation reportedly discovered restricted holdings of main property, elevating considerations concerning the trade’s liquidity. ZachXBT says AscendEX customers are experiencing withdrawal delays, with some requests not being processed in any respect. A number of people reported that the transactions have been stalled for days, typically even weeks. AscendEX Customers Report Withdrawal Points The on-chain…
US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their largest each day internet outflows of June on Thursday as Bitcoin fell under $60,000. Spot Bitcoin ETFs shed $696.3 million, surpassing the earlier month-to-month excessive of $519.2 million logged on June 2, accordingly to SoSoValue information. The most recent withdrawals pushed June’s whole outflows to $3.61 billion,…
Key takeaways: Surging spot Bitcoin ETF outflows and a put-heavy choices expiry level to fading institutional demand. Danger-reward shifts in direction of tech shares, leaving crypto merchants to hunt catalysts past macroeconomic tailwinds. Bitcoin (BTC) traded down 9% in three days, hitting its lowest stage since September 2024. The $58,000 retest triggered over $1 billion…
