Bitcoin Balance on Coinbase Drops Glassnode data shows that the amount of Bitcoin held on Coinbase has dropped to a nine-year low of 344,856. This suggests that investors are holding their Bitcoin for the long term, reducing the pressure on its price. Centralized Exchange Outflows Data from Santiment indicates a drop in Bitcoin held on…
Crypto expert Rekt Capital has spotted a striking resemblance between Bitcoin’s recent pre-halving dip and the one that happened in 2020 before the cryptocurrency skyrocketed to a new high. Pullback Matches 2020 Bitcoin’s current pullback is almost identical to the one it experienced before the 2020 halving. In both cases, the cryptocurrency fell by over…
Crypto Outflows Reach New Record Crypto investment products have seen a record-breaking week of outflows, with investors pulling out a whopping $942 million. This marks the end of a seven-week streak of strong inflows. Bitcoin Takes the Hit Bitcoin investment products accounted for a significant portion of the outflows, with Spot Bitcoin ETFs in the…
Key Reasons for the Rally: 1. Futures Market Influence The futures market has played a major role in pushing up Bitcoin’s price. Many traders have been liquidated, meaning they’ve had to sell their Bitcoin at a loss. This has created a domino effect, leading to a surge in Bitcoin’s price. 2. Bullish News Positive news,…
Expert Analysis Cryptocurrency expert Dr. Profit has analyzed Bitcoin’s (BTC) recent performance and identified key factors that could drive its price to new heights. Sideways Movement: A Prelude to Surge Dr. Profit predicts a sideways movement for Bitcoin in the short term. However, he emphasizes that this is a normal part of market cycles and…
Crypto expert KSI has shared his thoughts on Bitcoin’s potential trajectory. Potential Ups and Downs KSI predicts Bitcoin could reach $73K-$80K soon, followed by a dip to $50K-$60K. He suggests a “boring red summer” before things heat up in winter. $100K by 2025? KSI joins analysts predicting Bitcoin could hit $100K by the end of…
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…
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…
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…
