Category Archives: Bitcoin News

Bitcoin Long-Term Holders Slow Down After 700,000 BTC Selloff, Reversal Sign?

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On-chain data shows the Bitcoin long-term holder selling pressure has been running out recently after an extended selloff from the group. Bitcoin Long-Term Holders Have Sold Huge In Past 4 Months As analyst James Van Straten explained in a long-term holders” (LTHs) here refer to the Bitcoin investors carrying their coins since more than 155… Continue reading Bitcoin Long-Term Holders Slow Down After 700,000 BTC Selloff, Reversal Sign?→

Bitcoin Analyst Set Sight On $79,591: Urges Traders To Be Patient

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While Bitcoin prices hover around 15% below their all-time highs, with some skeptics predicting more losses, one analyst on X expects the coin to bounce strongly, even breaking above all-time highs. Taking to X, the trader argues that Bitcoin has yet to breach the Golden Ratio Multiplier’s Cycle Top, currently sitting at $79,591. Supposedly, the analyst continues,… Continue reading Bitcoin Analyst Set Sight On $79,591: Urges Traders To Be Patient→

Bitcoin Has Next Major Demand Zone At $56,000: Brace For Impact?

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On-chain data shows the next major Bitcoin demand zone is around $56,000, a level BTC might end up revisiting if the decline continues. Bitcoin Has Next Major On-Chain Support Around $56,000 According to data from the market intelligence platform IntoTheBlock, BTC’s recent drawdown has meant that it may end up having to rely on the… Continue reading Bitcoin Has Next Major Demand Zone At $56,000: Brace For Impact?→

Bitcoin Bears Beware: $3 Billion Short Liquidation Looms At This Price Mark, Warns Analyst

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The Bitcoin market is currently on edge as prominent analyst Crypto Rover warns of a potential liquidation event that could negatively affect the short holders. With Bitcoin trading within a significant consolidation phase, as revealed by Rover, analysis suggests that over $3 billion in short positions could face liquidation should Bitcoin climb back to a… Continue reading Bitcoin Bears Beware: $3 Billion Short Liquidation Looms At This Price Mark, Warns Analyst→

Bitcoin Readying For A 12-Year Bull Run To $650,000 If Bulls Take Charge: Analyst

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Even with Bitcoin prices facing pressure from sellers, Willy Woo, an on-chain analyst, thinks the coin will reach new highs thanks to the launch of new Bitcoin exchange-traded funds (ETFs). In a post on X, Woo said the coin could soar to as high as $91,000 in a bear bottom but soar to as high as… Continue reading Bitcoin Readying For A 12-Year Bull Run To $650,000 If Bulls Take Charge: Analyst→

Lost Treasure Found? Bitcoin Miner Transfers Over $3 Million BTC After 14-Year Dormancy

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According to the on-chain analysis platform Lookonchian, a long-dormant Bitcoin (BTC) wallet dating back to April 2010, recently transferred 50 BTC, equivalent to $3.328 million. Unraveling The Transaction: An Exploration of Potential Motives As reported by Lookonchian, 50 BTC mined over 14 years ago, when each block reward was 50 BTC, was divided into two… Continue reading Lost Treasure Found? Bitcoin Miner Transfers Over $3 Million BTC After 14-Year Dormancy→

Bitcoin Whales Showing Different Behavior From Past Cycles, But Why?

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On-chain data suggests the Bitcoin whales have been showing different behavior regarding exchange inflows from the last cycle. Here’s why this may be so. Bitcoin Whales Are Showing Different Behavior In Exchange Inflows This Time As an analyst explained in a CryptoQuant Quicktake post, the BTC whales’ movements have been different this time compared to… Continue reading Bitcoin Whales Showing Different Behavior From Past Cycles, But Why?→

Analysts Bullish On Bitcoin Despite Peter Schiff’s $20,000 Doom Scenario

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Over the weekend, the Bitcoin (BTC) crash had the crypto community on its toes. With the price dropping to $60,000, many investors worried that the flagship cryptocurrency was in trouble ahead of the “Halving” event. Amid the correction, Bitcoin critic Peter Schiff claimed that his previous predictions regarding spot Bitcoin ETFs (exchange-traded funds) were correct… Continue reading Analysts Bullish On Bitcoin Despite Peter Schiff’s $20,000 Doom Scenario→

Increased Bitcoin ETF Adoption Propels BTC Dominance To Highest Level Since 2021

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Bitcoin’s dominance within the cryptocurrency market has reached a three-year high, signaling strong demand for US spot Bitcoin ETF holding the largest digital asset and a challenging period for smaller tokens. Bitcoin accounted for nearly 55% of the $2.4 trillion digital asset market at the end of last week, a level not seen since April… Continue reading Increased Bitcoin ETF Adoption Propels BTC Dominance To Highest Level Since 2021→

Bitcoin Rebounds After Nearing Cost Basis Of Short-Term Whales

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Bitcoin has found a rebound back above the $66,000 mark following a drop towards the on-chain cost basis of the short-term holder whales. Bitcoin Drawdown Had Nearly Put Short-Term Whales Under Pressure As pointed out by an analyst in a CryptoQuant Quicktake post, BTC’s price had neared the Realized Price of the short-term holder whales… Continue reading Bitcoin Rebounds After Nearing Cost Basis Of Short-Term Whales→