There is the theoretical possibility that at this precise historical moment Bitcoin could be a better investment than gold. Although this is only a hypothesis, it is nonetheless supported by some data that make it at least plausible, even if not necessarily probable. However, to understand this reasoning it is necessary to stop thinking like […]
More than 8 million BTC are now being held at an unrealized loss as Bitcoin’s recent correction continues to pressure investors, according to on-chain data from Glassnode. The latest figures shared on June 10 show Bitcoin (BTC) supply in loss has climbed to roughly 8.33 million BTC following the market’s decline from recent highs. The […]
A portion of the 40x leveraged Bitcoin ($BTC) short position held by prominent Hyperliquid trader James Wynn has been partially liquidated, according to blockchain analytics platform Onchain Lens. Despite the liquidation event, Wynn has not fully exited the trade and continues to maintain the position, signaling a strong bearish conviction on the leading cryptocurrency. Details […]
Late on Tuesday, June 9, the best-selling author and prominent investor Robert Kiyosaki took to X to expand on his thesis about self-destructive ‘fake money’ by weighing in on what he considers ‘fake assets.’ Specifically, the ‘Rich Dad Poor Dad’ writer explained that many traders are under the illusion of having a diversified portfolio since […]
Strategy (MSTR) acquired 1,550 bitcoin for approximately $101 million, increasing its total holdings to 845,256 $BTC, according to a Monday announcement from Executive Chairman Michael Saylor. The purchase comes after bitcoin fell around 15% last week, briefly trading below $60,000 before rebounding above $62,000. The decline in bitcoin price followed, at least partially, after Saylor […]
Today, the entire crypto market is on edge as the U.S. Consumer Price Index (CPI) report is set to be released at 8:30 AM ET. Economists expect annual inflation to climb to 4.2%, its highest level since March 2023. With Bitcoin already struggling near $61,000, stronger-than-expected economic data could put more pressure on the price […]
Wintermute said bitcoin’s latest decline was driven mainly by U.S. institutional selling and ETF outflows, not Strategy’s small $BTC sale. The firm warned that capital inflows have not returned, making it too early to call a market bottom. Key Takeaways: Wintermute said exchange-traded fund (ETF) outflows, not Strategy’s 32 $BTC sale, drove bitcoin below $62,000. […]
Bitcoin is holding above $62,000 after the massive drop that defined last week’s market action and erased months of recovery progress in a matter of days. The price is stabilizing — but analyst MorenoDV has published a demand analysis that places the current market conditions in a historical context that makes the stability feel considerably […]
According to Grayscale’s latest research report, on-chain valuation metrics are showing that $BTC is trading below its long-term average at $60,000. This indicator is telling that $BTC is cheap, but not as much as previous cyclical lows during previous crashes like the FTX bear run in 2022. The company stated that the ongoing regulatory developments […]
Bitcoin’s recent selloff has yet to establish a durable market bottom as institutional demand remains absent and capital continues to leave spot Bitcoin ETFs, according to a new market note from Wintermute. According to data from crypto.news, Bitcoin ($BTC) traded near $61,828 on Tuesday, down 3.18% over the past 24 hours and more than 14% […]