Bullish Signals from Bitcoin Futures The Bitcoin futures market is showing signs that have historically signaled a bullish trend. The futures basis, which measures the difference between the futures price and spot price of Bitcoin, has climbed to its highest level since Bitcoin’s all-time high in 2021. Trading Opportunities This elevated basis creates opportunities for…
Price Correction Bitcoin has been on a wild ride lately, reaching a new high of $73,750. But since then, it’s taken a tumble, dropping to $65,630. Analyst Michaël van de Poppe thinks the correction is far from over. Bearish Divergence Van de Poppe points to a bearish divergence, where the price of Bitcoin is making…
Analysts’ Confidence Soars Analysts at Bernstein, a private wealth management firm, have doubled down on their prediction that Bitcoin will reach $150,000 by 2025. Gautam Chhugani and Mahika Sapra believe the cryptocurrency has a high probability of hitting this milestone. Factors Driving the Surge Spot Bitcoin ETFs: The success and demand for Spot Bitcoin Exchange…
Bitcoin ended the week on a sour note, crashing hard early Friday morning. The drop pushed the price below $66,000, dragging the rest of the crypto market down with it. Spot ETF Inflows Slow Down The crash may have been triggered by a slowdown in Spot Bitcoin ETF inflows. These ETFs had been driving the…
The Bitcoin price has plummeted from over $72,000 to as low as $65,500. While factors like liquidations and inflation fears have been cited, a rumor suggests a failed hedge fund trade may have also contributed. The Failed Spread Trade Andrew Kang, founder of Mechanism Capital, revealed that a hedge fund lost over $1 billion on…
Despite a recent market downturn, the Solana memecoin Dogwifhat (WIF) has seen a surge in value, defying the odds. From Humble Beginnings to Sin City Lights Dogwifhat, featuring a Shiba Inu with a stylish beanie, started as a simple meme coin. However, a community-driven fundraising campaign raised over $680,000, securing a prime advertising spot on…
Liquidations Triggered Price Drop The Bitcoin market experienced a sharp decline due to a massive liquidation event in the futures market. Over $682 million worth of crypto trader liquidations occurred, with 80% being long positions. This caused Bitcoin’s price to plummet from $72,000 to $66,500 in a matter of hours. Macroeconomic Pressures Weigh In Macroeconomic…
Mega Bitcoin Purchase MicroStrategy, a software company, is planning to buy even more Bitcoin. They’re raising $500 million to add to their already massive Bitcoin stash. Just recently, they bought $821.7 million worth of Bitcoin. Bitcoin Acquisition Spree MicroStrategy is on a Bitcoin buying spree, likely because the cryptocurrency has been going up in value….
Whales Sell Off Coins As Bitcoin’s price continues to climb, reaching new all-time highs, large investors known as “whales” are taking advantage of the profits. These whales hold significant amounts of Bitcoin (at least $73 million). According to analyst Ali Martinez, whales have been selling off their coins. The number of wallets holding over 1,000…
Samson Mow, CEO of Jan3 and a prominent Bitcoin advocate, maintains his bullish prediction that Bitcoin could reach $1 million this year or by 2025. Reasons for the Price Surge 1. Supply and Demand Imbalance: Mow highlights that the demand for Bitcoin far exceeds its supply. Spot Bitcoin ETFs, which accumulate thousands of BTC daily,…
