Tag Archives: Bitcoin news

Bitcoin Traders Closing More Positions As Prices Range Above $60,000

Posted on by — No Comments ↓

Bitcoin has been trending lower after failing to break above $66,000 in early May, deflating hopes of immediate price gains post-Halving. Taking to X, one analyst shared on-chain data that paints a more nuanced picture than a simple loss of confidence in recent weeks.  Bitcoin Open Interest Remains Low: Bullish? The analyst, pointing to CryptoQuant data, observes… Continue reading Bitcoin Traders Closing More Positions As Prices Range Above $60,000→

CryptoQuant CEO Predicts Where Bitcoin Price Is Headed, Is $265,000 Too Ambitious?

Posted on by — No Comments ↓

Ki Young Ju, CEO of cryptocurrency analysis firm CryptoQuant, has given an ultra-bullish prediction for Bitcoin. The crypto founder alluded to certain factors that could spark the flagship crypto’s rise to such heights.  Bitcoin Could Rise To As High As $265,000 Young Ju mentioned in an X (formerly Twitter) post that “Bitcoin’s network fundamentals could… Continue reading CryptoQuant CEO Predicts Where Bitcoin Price Is Headed, Is $265,000 Too Ambitious?→

Crypto Countdown: $2.4B In Bitcoin and Ethereum Options Set To Expire, Market Volatility Ahead?

Posted on by — No Comments ↓

As the clock ticks closer to the end of today, May 3, the cryptocurrency market braces itself for potential upheavals, with roughly $2.4 billion worth of Bitcoin and Ethereum options set to expire. This significant event could catalyze notable shifts in market dynamics, steering the trajectory of Bitcoin and Ethereum prices in the near term.… Continue reading Crypto Countdown: $2.4B In Bitcoin and Ethereum Options Set To Expire, Market Volatility Ahead?→

Bitcoin Whales Lose Interest, Is This A Precursor For A Crash To $50,000?

Posted on by — No Comments ↓

Movement and accumulation from crypto whales are two of the catalysts for Bitcoin price increases. Although major whales are still buying the dip, on-chain data indicates a general waning accumulation momentum which suggests their conviction might actually be waning.  According to IntoTheBlock, an on-chain analytics firm, Bitcoin whale accumulation volumes have declined substantially in each… Continue reading Bitcoin Whales Lose Interest, Is This A Precursor For A Crash To $50,000?→

Bitcoin Network Fundamentals Could Sustain $265,000 Price, CryptoQuant CEO Explains

Posted on by — No Comments ↓

The CEO of analytics firm CryptoQuant has explained how the Bitcoin network fundamentals could support a market cap three times the current size. Bitcoin Hashrate/Market Cap Ratio Could Reveal Ceiling For Cycle In a new post on X, CryptoQuant founder and CEO Ki Young Ju has talked about what the network fundamentals could reveal about… Continue reading Bitcoin Network Fundamentals Could Sustain $265,000 Price, CryptoQuant CEO Explains→

Fundstrat CEO Predicts When Bitcoin Price Will Reach $150,000 And $500,000

Posted on by — No Comments ↓

Thomas Jong Lee, the Chief Executive Officer (CEO) of Fundstrat, an independent financial research boutique, has maintained a bullish stance on Bitcoin. The financial analyst has predicted that the world’s largest cryptocurrency could surge massively, doubling its current price to reach $150,000 during the 2024 crypto market cycle.  Bitcoin Could Go Parabolic In 2024 During… Continue reading Fundstrat CEO Predicts When Bitcoin Price Will Reach $150,000 And $500,000→

Bitcoin Suffers Massive Outflows Amid Crypto Market Uncertainty, Tops $284 Million

Posted on by — No Comments ↓

The recent unimpressive price action of Bitcoin is playing out in the minds of institutional investors, with recent data highlighting their bearish sentiment. This has led to a wave of massive outflows from  Bitcoin investment products, which could negatively impact the flagship crypto.  Bitcoin Investment Products Record $284 Million Of Outflows CoinShares revealed in a… Continue reading Bitcoin Suffers Massive Outflows Amid Crypto Market Uncertainty, Tops $284 Million→

Bitcoin Gets A ‘Monster’ Whale Boost With $1.2 Billion ETF Purchase

Posted on by — No Comments ↓

Susquehanna International Group, a behemoth in asset management with a trading volume handling numerous financial products globally, has made a substantial investment in Bitcoin through various exchange-traded funds (ETFs). A disclosure to the Securities and Exchange Commission (SEC) on May 7 revealed that Susquehanna held approximately $1.2 billion in spot ETFs during the first quarter… Continue reading Bitcoin Gets A ‘Monster’ Whale Boost With $1.2 Billion ETF Purchase→

Bitcoin’s Bold Bet: Options Traders Eye $100K Surge By September

Posted on by — No Comments ↓

The crypto market is currently buzzing with anticipation as Bitcoin options traders position themselves for what they foresee as a “substantial price rally” in September. Particularly, the derivatives market is expressing confidence, with a significant number of traders betting on Bitcoin surpassing the $100,000 mark. Bitcoin Market Optimism Amidst Whale Movements Recent analysis from industry… Continue reading Bitcoin’s Bold Bet: Options Traders Eye $100K Surge By September→

Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off

Posted on by — No Comments ↓

Mike McGlone, Senior commodity strategist at Bloomberg Intelligence, has made a rather pessimistic prediction for Bitcoin, emphasizing that the cryptocurrency’s potential rise to $150,00 was a long shot. The strategist has revealed factors that could make Bitcoin’s projected surge to $150,000 difficult, highlighting both macroeconomic trends and Bitcoin’s performance in 2024.  Bitcoin Surge To $150,000… Continue reading Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off→