Amidst the early June Bitcoin (BTC) price downturn, the popular on-chain analyst Ali Martinez took to X to explain that the world’s premier cryptocurrency might have found the bottom ahead of the eventual next bull market. Specifically, the blockchain expert noted that BTC tends to form ‘major bottoms’ once more than 10 million coins are […]
Following the recent sharp sell-off in the cryptocurrency market, a noteworthy assessment of Bitcoin’s short-term outlook has emerged. An analysis published by the research firm 10X Research states that the recent decline stemmed not from aggressive short positions in the futures market, but directly from selling pressure in the spot market. According to the company’s […]
Bitcoin’s recovery from last week’s lows has crushed the traders who bet against it. Short sellers, who profit when prices fall, lost $504 million over the 24 hours to Monday morning, the most in a single day since late April, according to CoinGlass. Bets on rising prices lost just $151 million by comparison. Total liquidations […]
Bitcoin [$BTC] collapsed amid extended bearish pressure, touching a low of $59k for the first time since 2024. At press time, Bitcoin traded at $62,732, down 28% YTD and 40% on yearly charts. With $BTC locked in a strong bearish trend, tensions in the community have risen. Amid the finger‑pointing, Bitcoin’s Treasury firm, Strategy, has […]
Bitcoin traders have spent the past week bracing for the wrong kind of surprise, watching rate-cut bets evaporate as a run of firm labor data pushed the odds of a Federal Reserve hike by year-end toward 85% and dragged the 10-year Treasury yield up near 4.5%. Understandably, it dominates the screens, given how much of […]
Bitcoin traded near $61,739 on June 7 after a volatile session that pushed price as low as $60,420. The rebound kept $BTC above the $60,000 area, but the wider market stayed cautious after a sharp decline earlier in the week. The move came as Michael Saylor posted, “A good time to add more dots.” Traders […]
Michael Saylor may have offered a clue about Strategy’s (MSTR) next move after last week’s surprise bitcoin sale. On Sunday, the company’s executive chairman posted the chart traditionally used to track Strategy’s bitcoin purchases on X, writing: “A good time to add more dots.” Market observers have viewed such posts as a precursor to a […]
Strategy (NASDAQ: MSTR) executive chairman Michael Saylor has signaled that the company may be preparing to increase its Bitcoin (BTC) holdings despite carrying approximately $11 billion in unrealized losses on its cryptocurrency portfolio. The indication came on June 7 after Saylor shared the company’s Bitcoin accumulation chart a move widely interpreted by market participants as […]
Bitcoin is back to trading at levels seen in early February: near $60,000. But this time, the response from institutions is totally different. Today, they are aggressively selling into the dip, ETF flows indicate, unlike in February, when selling slowed as prices dropped to near $60,000. That marks a fundamental shift in how institutions view […]