Tag Archives: Bitcoin news

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares

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Recent data from CoinShares points to a significant shift in investor sentiment regarding Bitcoin, marked by a substantial $544.1 million net outflow from US spot Bitcoin ETFs in the last week. According to James Butterfill, a leading analyst at CoinShares, this significant amount of outflow highlights a “true correction is underway” as this trend extends… Continue reading True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares→

Bitcoin Whales Switching To Risk-Off Mode After $61,000 Crash

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On-chain data shows the Bitcoin whales have been dialing back risk on derivatives exchanges following the latest downturn in the cryptocurrency. Bitcoin Inter-Exchange Flow Pulse Has Just Turned Red As explained by CryptoQuant founder and CEO Ki Young Ju in a new Inter-Exchange Flow Pulse (IFP) is an indicator that tracks the BTC movements between… Continue reading Bitcoin Whales Switching To Risk-Off Mode After $61,000 Crash→

Bitcoin Price Crashes Below $61,000: The Main Reasons

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In the last 24 hours, the Bitcoin (BTC) price fell by up to 4.8%, plummeting to a new low of $60,601 after trading above $64,000 just a day earlier. This decline can be attributed to a combination of factors, including developments from the Mt. Gox saga, a significant liquidation of long positions, and ongoing miner… Continue reading Bitcoin Price Crashes Below $61,000: The Main Reasons→

Bitcoin Crash To $61,000 Drives 24-Hour Crypto Liquidations Toward $300 Million

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Early on Monday morning, the Bitcoin price crashed another 5% to drop to the $61,000 level. This drop, which was very sudden, has taken investors by surprise, triggering a massive wave of liquidations. As the volume continues to rise, the crypto liquidation figures have barreled toward $300 million in just 24 hours alone. 91,000 Crypto… Continue reading Bitcoin Crash To $61,000 Drives 24-Hour Crypto Liquidations Toward $300 Million→

Bitcoin Crash: Crypto Analyst Reveals Why Price Could Drop To $52,000

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A crypto analyst has disclosed reasons why the price of Bitcoin could broken key support levels, which indicates a potential shift from a bullish to a bearish position.  Analyst Projects Bitcoin Crash To $52,000 In a Bitcoin could witness a price crash to key ranges between $52,000 and $54,000. He shared a price chart illustrating… Continue reading Bitcoin Crash: Crypto Analyst Reveals Why Price Could Drop To $52,000→

Is Bitcoin’s Rally Over? New Insights from CryptoQuant Predict a Market Downturn

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According to the latest price correction is based on major Bitcoin metrics such as the Adjusted Spent Output Profit Ratio (ASOPR), signaling a notable implication for Bitcoin’s trajectory. Understanding ASOPR’s Role In Predicting BTC Corrections The ASOPR, a key indicator in the crypto market, measures the profit ratio of spent outputs by comparing the value… Continue reading Is Bitcoin’s Rally Over? New Insights from CryptoQuant Predict a Market Downturn→

Bitcoin Slips Under $64,000: Here’s Where The Next Support Is

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Bitcoin has continued its recent bearish trajectory during the past day as the asset’s price has now slipped under $64,000. Here’s what the next support looks like for BTC. Bitcoin Has Strong On-Chain Support Between $61,900 & $63,800 According to data from the market intelligence platform IntoTheBlock, BTC is floating just above a critical on-chain… Continue reading Bitcoin Slips Under $64,000: Here’s Where The Next Support Is→

Bitcoin Spot ETFs Effect: Bernstein Analysts Revise BTC Target To $200,000, Here’s When

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Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge.  Bernstein Analysts Raise Bitcoin Target To $200,000 In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the… Continue reading Bitcoin Spot ETFs Effect: Bernstein Analysts Revise BTC Target To $200,000, Here’s When→

Survival of the Fittest: Here’s How Bitcoin’s Next Rally Hangs on Miner Capitulation

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Amidst a backdrop of declining Bitcoin prices and economic uncertainty, renowned crypto analyst Willy Woo has potential gains on the horizon after some ‘inevitable’ turbulence. Bitcoin Rally Hangs On Miner Capitulation, How? Bitcoin’s current market behavior is largely influenced by its miners, whose actions can significantly impact its price. According to Willy Woo, the key… Continue reading Survival of the Fittest: Here’s How Bitcoin’s Next Rally Hangs on Miner Capitulation→

Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’

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Bitcoin is experiencing a significant decline today, dipping below the $64,000 mark to a low of $63,564. This drop represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Amidst this downward trend, Arthur Hayes, the co-founder of BitMEX, is not only maintaining his bullish stance… Continue reading Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’→