Despite efforts by Bitcoin whales to accumulate, on-chain metrics from CryptoQuant suggest potential downside risks for BTC. The profit and loss (P&L) index hovers near its 365-day moving average, a…
Browsing: BTC Price Drop
Analyst Dave the Wave suggests Bitcoin could revisit the “buy zone” of his logarithmic growth curve (LGC) model, predicting a 40% drawdown to $44,000 before a potential parabolic surge to…
Recent bearish market conditions have significantly reduced bullish sentiment surrounding Bitcoin, with notable declines in positive remarks across social media platforms, potentially signaling a market bottom. Also, Bitcoin miner withdrawals…
Macro investor Luke Gromen anticipates a major capital rotation from the $130 trillion global bond market into risk assets like Bitcoin, gold, and stocks due to ongoing inflationary pressures. Gromen…
Despite Bitcoin’s recent price drop to $63,600 and ongoing bearish conditions, the derivatives market shows strong buying interest at dips, with a notable increase in call option purchases on Deribit.…
Recent research from Glassnode highlights that the majority of BTC investors remain profitable, with over 87% of the circulating supply held in profit. Glassnode’s analysis using the market value to…
Analysts like CrediBULL Crypto are cautiously optimistic, suggesting a potential bottom for Bitcoin. The $64,000 level has shown strong buying support, but if broken, Bitcoin could drop further to critical…
Analyst Willy Woo attributes Bitcoin’s recent bearish momentum to selling pressure from long-term holders (LTHs), as evidenced by spikes in the Coin Days Destroyed (CDD) metric. The prevalence of “paper…
Implied volatility for Bitcoin options surged, indicating decreased confidence among market participants regarding price direction. Amidst bearish bets ahead of the April 26 options expiry, there’s speculation that the halving…
Bitcoin’s attempt to breach the critical $53,000 mark faced strong resistance, indicating a phase of consolidation before any significant breakthrough. Glassnode data reveals a diminishing supply of Bitcoin held at…
Technical analysts, including the “Titan of Crypto” and Ali Martinez, observe recurring patterns suggesting Bitcoin tends to trade at around 50% of previous all-time highs during halving events. Historical data…
Despite initial optimism following the approval of Bitcoin ETFs, the crypto experienced an unexpected decline, dropping over 7% from $49,000 to an intraday low of $45,644. In contrast to the…
Despite recent Bitcoin price correction, technical indicators and on-chain data indicate BTC’s resilience as bulls strive to reclaim levels above $44,000. However, support at $40,000 remains crucial, and on-chain data…
Starting Sunday, August 1, over $131 billion worth of Bitcoin moved out of centralized exchanges. Data shows massive OTC deals happening out of exchanges suggest major accumulation. Although Bitcoin (BTC)…