Tag Archives: spot Bitcoin ETFs

Bitcoin Bulls “Warming Up” As Spot ETF Inflows Exceeds $1.3 Billion In 2 Weeks

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Even after the upswing mid-this week, Bitcoin prices remain wavy, considering price action in lower time frames. The coin is retesting $66,000 at spot rates, but traders expect the breakout to have been confirmed, pushing BTC prices toward $70,000. Since the surge to all-time highs in March, the coin has been on a steady downtrend,… Continue reading Bitcoin Bulls “Warming Up” As Spot ETF Inflows Exceeds $1.3 Billion In 2 Weeks→

Bitcoin: This Indicator Flashes Green For The First Time Since January 2024

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According to the candlestick arrangement in the daily chart, Bitcoin is moving inside a range. BTC is also down roughly 20% from the all-time high at spot rates. Though the series of lower lows posted in the past few trading days is bearish, one analyst is upbeat, expecting an encouraging recovery in the sessions ahead. This… Continue reading Bitcoin: This Indicator Flashes Green For The First Time Since January 2024→

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

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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→

Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form

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Some analysts were frightened by the recent drop in Bitcoin prices. Though the coin is showing signs of strength, multiple leveraged longs were liquidated early this week. In a post on X, one analyst thinks Bitcoin might have just found support, bottoming up after the contraction this week, pushing it lower from the multi-week range established in… Continue reading Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form→

Bitcoin Slump Pushes New Whales Underwater: A Rare Opportunity To Buy?

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As Bitcoin slumps, on-chain data by Ki Young Ju, the founder of the blockchain analytics platform CryptoQuant, paints a stark picture: all new whales, including holders of spot exchange-traded funds (ETFs), are now underwater.  New Whales And Spot ETF Investors Are In Red Taking to X, Ju said that more losses would be incoming, predicting that… Continue reading Bitcoin Slump Pushes New Whales Underwater: A Rare Opportunity To Buy?→

$59,600: Analyst Explains Why Bitcoin Must Stay Above This Level

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Bitcoin bulls may soon be back in business. According to Willy Woo, an on-chain analyst, market data shows that urgent “market sells” responsible for forcing the coin from all-time highs are now falling. This development may prop up prices, preventing further sell-offs. Bitcoin Selling Pressure Easing This preview is due to falling Cumulative Volume Delta (CVD)… Continue reading $59,600: Analyst Explains Why Bitcoin Must Stay Above This Level→

Bitcoin Under Pressure But Whales Hold Over $331 Billion Of BTC: A Sign To Buy?

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While Bitcoin prices struggle for momentum and are caged inside a narrow range, on-chain data tells a different story. Taking to X, one analyst notes that whales, which are large crypto holders, are actively accumulating the world’s largest coin by market cap.  Bitcoin Whales Accumulating Despite Weakness By the time this data was shared, Bitcoin whales… Continue reading Bitcoin Under Pressure But Whales Hold Over $331 Billion Of BTC: A Sign To Buy?→

Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?

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While Bitcoin struggles to extend gains, on-chain data shared by Ki Young Ju, the founder of CryptoQuant, on X shows increased movement of old coins. As the Bitcoin Average Dormancy chart shows, this trend recently hit a 13-year high.  More Old Whales Moving Coins The Bitcoin Average Dormancy shows the average number of days each BTC has… Continue reading Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?→

This Metric Printed In 2017 Before Bitcoin Exploded: Is A Mega Run Incoming?

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In a post on X, one analyst has picked out a key on-chain metric that could signal the beginning of a strong leg up, similar to the explosive gains 2017. Currently, Bitcoin prices remain steady and edging higher. However, the coin failed to register sharp upswings, as most traders had predicted before the Halving event on… Continue reading This Metric Printed In 2017 Before Bitcoin Exploded: Is A Mega Run Incoming?→

Conservative Projection Places Bitcoin At $245,000 In 5 Years

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A recent analysis paints a rosy picture of Bitcoin’s future, even with a conservative growth projection. Taking to X, Michael Sullivan predicts that the world’s most valuable coin could reach a staggering $245,000 within just five years if it maintains a mere 30% compound annual growth rate (CAGR).  Bitcoin Projections: From Conservative To Exponential Growth The analysis… Continue reading Conservative Projection Places Bitcoin At $245,000 In 5 Years→