Bitcoin’s recent pullback was not influenced by a solitary headline. Traders faced a convergence of adverse factors simultaneously: a downturn in global technology stocks, significant spot Bitcoin ETF redemptions, a pronounced leverage flush, and a substantial monthly options expiry that maintained market attention on downside strike levels. The institutional flow picture exhibited a pronounced negative … Read more
Bitcoin price fell to an intraday low of around $58,000 Thursday morning before making a partial recovery, as the bear market that commenced after October’s peak continues without evident signs of fatigue — and a significant long-term valuation model seems to have faltered for the first time ever. The world’s largest cryptocurrency by market cap … Read more
Bitcoin price has plummeted below $60,000, reaching levels not observed since October 2024 and wiping out months of gains in just a few days. At this time, bitcoin price trades at $59,566 — down more than 10% in 24 hours and roughly 53% off its all-time high of $126,277 set last October. The decline has … Read more
Bitcoin steadied near $64,000 over the weekend, recovering some of Friday’s decline, as traders assessed the initiation of US-Iran ceasefire discussions in light of a renewed threat to close the Strait of Hormuz. The token was valued at approximately $64,200 on Sunday, reflecting a 0.9% increase over the past 24 hours, yet remaining relatively unchanged … Read more
US spot Bitcoin ETF flows have regained attention following a hawkish shift in the macroeconomic landscape. Flow data showed a reported net outflow from US spot Bitcoin ETFs for June 18, while market commentary regarding new Federal Reserve Chair Kevin Warsh suggested a more cautious rates environment. The outcome serves as a pertinent reminder that … Read more
Bitcoin is exhibiting indications of stabilisation following a challenging period, and research firm K33 asserts that the on-chain evidence is compelling. In its latest market report, Vetle Lunde highlighted a record proportion of Bitcoin supply retained by long-term holders — a metric that, historically, has signalled the conclusion of every significant bear market in Bitcoin’s … Read more
While the present levels of loss realisation are sufficient to indicate pronounced bear market conditions, they have yet to attain the severity necessary to establish a clear bottom. In the wake of significant selling pressure that drove bitcoin below $60,000 two weeks prior, analysts have pointed to on-chain data indicating potential seller exhaustion, a notion … Read more
Bitcoin price reached a two-week high on Monday following a U.S.-Iran ceasefire, alleviating one of the market’s most enduring macro concerns. This development propelled crypto-linked equities upward as traders prepare for what they consider the week’s significant challenge: Federal Reserve Chair Kevin Warsh’s inaugural FOMC meeting. Bitcoin price traded near $67,000, reflecting a 4% increase … Read more
While on-chain data indicates a positive perspective, the conditions of demand and the expansion of net supply present a contrasting view. Historical on-chain data indicate that bitcoin might be approaching a bottom in this bear market; however, demand conditions suggest that the asset still has considerable distance to cover. According to this week’s report, the … Read more
Geoff Kendrick stated on Friday that the crypto market has reached its cycle low, with Bitcoin’s recent decline to around $59,000 indicating the lowest point of the current downturn — a 53% drop from its all-time high of $126,000 in October. “Winter is over. Welcome back to crypto spring,” Kendrick wrote in a Friday note, … Read more
