Whale Activity on the Rise Bitcoin whales have been making waves lately, with a staggering $2.3 billion worth of BTC leaving crypto exchanges in just 24 hours. This accumulation trend suggests that these big players are bullish on the future of Bitcoin. Analysts See Bullish Signs Crypto analyst Ali Martinez has observed a massive inflow…
Bitcoin’s future price trajectory is a hot topic among analysts. Some believe it will soar to new heights, while others predict a reality check. Bullish Outlook Cryptoyoddha, a prominent analyst, sees a bright future for Bitcoin. He believes it will follow a historical pattern of accumulation and parabolic surges. This could lead to Bitcoin surpassing…
Last week was tough for Bitcoin ETFs, with daily outflows signaling a possible shift in sentiment among institutional investors. This has impacted Bitcoin’s price, which fell to $61,370 during the week. Sustained Outflows Earlier this year, investor interest in Bitcoin ETFs soared, pushing Bitcoin’s price to an all-time high. However, these ETFs have now set…
Despite recent market dips, some investors are seeing this as a buying opportunity. Accumulation Addresses Overflowing On March 22, over 25,000 BTC ($1.6 billion) was transferred to accumulation addresses, the highest daily amount this year. These addresses are typically held by long-term investors who believe in Bitcoin’s future value. What Accumulation Addresses Tell Us Accumulation…
Despite Bitcoin’s recent price decline, analysts predict a possible rebound in spot Bitcoin ETF netflows. $56,000: A Critical Level Analyst Ki Young Ju believes that demand for Bitcoin ETFs typically increases when the cryptocurrency reaches certain support levels. Notably, new ETF buyers have an on-chain cost basis of $56,000. If Bitcoin approaches this price point,…
Year-End Target of $90,000 Analysts at Bernstein believe Bitcoin will hit $90,000 by the end of 2024. They attribute this optimism to: Strong inflows into Spot Bitcoin ETFs Record mining income Mid-2025 Prediction: $150,000 The analysts also maintain their prediction that Bitcoin will reach $150,000 by mid-2025. They cite the influence of Spot Bitcoin ETFs…
Pullbacks on the Horizon JPMorgan analysts warn that Bitcoin may experience further declines despite the recent optimism surrounding the upcoming Halving event. They cite decreasing inflows into Bitcoin ETFs and high open interest in futures as bearish signals. Profit-Taking and Overbought Conditions The analysts also note that Bitcoin is still considered overbought, suggesting that profit-taking…
Despite four days of Bitcoin exchange-traded funds (ETFs) losing money, the Bitcoin price has climbed back above $66,000. Grayscale ETF Outflows Grayscale’s ETF (GBTC) had a huge outflow yesterday, losing $358 million in a single day. This brings GBTC’s total outflow to $13.63 billion. BlackRock ETF Inflows In contrast, BlackRock’s Bitcoin ETF (IBIT) gained $233…
Bitcoin Spot ETFs have seen four straight days of withdrawals, leading to price declines across the crypto market. Outflows Led by Grayscale The Grayscale Spot ETF has been the main driver of the outflows, with investors expressing concerns about its high fees. This is the second time Spot ETFs have experienced four consecutive days of…
Mass Liquidations Bitcoin’s recent surge above $67,000 triggered nearly $300 million in liquidations. Over 86,000 traders faced losses, with Binance alone accounting for $128.7 million. Short positions (bets against the market) were the hardest hit, making up 57.55% of the liquidations. Bitcoin’s Recovery Despite a recent dip, Bitcoin has recovered, increasing its value by 6%…
