While bitcoin struggles to find a clear direction, VanEck attempts to date the end of the correction. The asset manager relies on on-chain data and market structure to measure the extent of the purge, especially among long-term holders.
Does conviction-led accumulation reduce selling pressure, or merely delay price discovery?
BlackRock describes Bitcoin's roughly 50% decline from its $126,200 peak as a positioning correction driven by leverage and liquidations, rather than a breakdown in its long-term investment case. The asset manager expects Bitcoin's correlation with equities to decline as speculative positioning fades.
Shares of BitMine Immersion Technologies (BMNR) soared 13% to reach $20.72 during Wednesday's trading session, propelled by Bitcoin's climb beyond the $68,000 threshold for the first time in several months. The cryptocurrency rally drove significant gains across digital asset-related equities.
Volatility has almost disappeared, but confidence is far from absolute.
Bitcoin and Ethereum surged as forced closures wiped out $1.44 billion in crypto short positions, most of them within four hours.
Bitcoin just posted its biggest daily candle since June and stopped 251 dollars short of $70,000. The measured move points somewhere very specific.
Bitcoin surged above $66,500 for the first time since July, supported by fresh US crypto regulatory developments, renewed spot Bitcoin ETF inflows and a significant technical breakout. Bitwise Chief Investment Officer Matt Hougan described the latest developments as creating an increasingly bullish environment for Bitcoin and the broader cryptocurrency market.
Bitcoin trailed the Nasdaq 100 by 68 percentage points over the past year, and it has spent the last 60 days turning that deficit into a five-point lead.
Bitcoin soared to $68,310.0 (+5.46%), Ethereum broke through the psychological $2,000 mark, and Solana climbed 6.50% to $81.994, triggering a massive $1.22 billion cascade of short-position liquidations across the crypto market in just one hour, according to CoinGlass.
Bitcoin (BTC) is showing renewed bullish momentum as its latest price rebound brings the cryptocurrency closer to a key technical resistance level. The move has caught the attention of chart analysts, who believe a confirmed breakout could pave the way for Bitcoin to rally toward $76,000.
A White House sitdown with crypto's biggest names and softer Fed signals lit the fuse. But the charts show why the pain for bears might not be over yet.