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Bitcoin’s price has once again turned bearish after briefly recovering to $94,000 on Monday. Notably, the cryptocurrency had shown signs of strength earlier this week following a period of decline, but the recovery was short-lived. As of today, Bitcoin slipped below $90,000, marking a 1.8% decrease in the past 24 hours. According to CryptoQuant analyst… Continue reading Binance Whales Cash Out as Bitcoin Drops—More Downside Ahead?
The community analyst at the on-chain analytics firm CryptoQuant has pointed out how this Bitcoin indicator has been aligning with price tops. Bitcoin Binance Whale To Exchange Flow Shows An Interesting Pattern In a new Binance. The “Exchange Whale Inflow” here refers to an on-chain metric that measures the total amount of the asset that… Continue reading This Bitcoin Signal Aligns With Price Tops, CryptoQuant Analyst Reveals
The US dollar index (DXY) is experiencing one of its largest weekly declines since 2013, fuelling optimism for a potential rally among risk-on assets, including Bitcoin (BTC). The last time the DXY saw such a sharp pullback was during the height of the FTX fiasco in November 2022, which coincided with a Bitcoin bottom. Will… Continue reading Bitcoin Uptrend Soon? Dollar Index Breakdown Sparks Optimism Among BTC Bulls
Bitcoin has been showing signs of recovery after a sharp decline that pushed its price below $80,000 last week. The cryptocurrency briefly surged to $92,756 in the early hours of today before retracing to $90,279, marking a 0.7% increase in the past 24 hours. While price action remains volatile, market sentiment indicators are signaling a… Continue reading Bitcoin Enters ‘Optimism Stage’—Is a Massive Rally About to Begin?
On-chain data shows the exchanges have witnessed net Bitcoin outflows through the latest volatility, a sign that could be positive for BTC’s price. Bitcoin Exchange Netflow Has Been Negative Recently According to data from the market intelligence platform Exchange Netflow,” which measures the net amount of BTC entering into or exiting out of the wallets… Continue reading Bitcoin Bullish Signal: $900 Million In BTC Leaves Exchanges
Bitcoin is currently trading at $90,800 after a strong 13% rebound from the $81,000 level, as bulls attempt to regain control of price action. After days of volatility and uncertainty, Bitcoin’s recovery has renewed optimism in the market, but traders remain cautious as BTC faces key resistance levels. All eyes are now on Friday’s President… Continue reading Bitcoin Could Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level – Details
Bitcoin took center stage again as Mt. Gox moved 12,000 BTC, valued at over $1 billion, to an unknown wallet. This occurs at a time when Bitcoin is trading at approximately $92,000, a level that has caused market volatility. The actions of the defunct exchange have sparked debate regarding whether this movement indicates imminent creditor… Continue reading Mt. Gox Stirs The Market With $1 Billion Bitcoin Transfer—What’s Going On?
Bitcoin has regained momentum following a period of decline, with its price now trading at $87,992, reflecting a 6.9% increase in the past 24 hours. The recent price movement has drawn attention to shifting supply dynamics, particularly between short-term holders (STH) and long-term holders (LTH). This trend, analyzed by CryptoQuant contributor XBTManager, provides insights into… Continue reading Short-Term Holders Dominate as Bitcoin Rebounds—What’s Next?
The cryptocurrency market has experienced a sharp downturn, with Bitcoin’s price dropping below $83,000. This decline has led to a wave of liquidations totaling $1 billion over the past 24 hours, as leveraged traders faced significant losses amid the market correction. According to Coinglass, a total of 305,170 traders were liquidated during this period, reflecting… Continue reading $1 Billion Liquidated in 24 Hours as Bitcoin Drops Below $83,000
An analyst has pointed out how the 50-week moving average (MA) of Bitcoin has historically acted as a sort of magnet for the asset’s price. 50-Week MA Is Currently Situated At $75,500 For Bitcoin In a new MA” is a technical analysis indicator that calculates the average value of any asset’s price over a given… Continue reading Bitcoin’s Next Stop: $75,500? Analyst Reveals Historical ‘Magnet’ Level