Bitcoin (BTC) is sitting in a ‘buyer stagnation' phase despite a record rise in long-term holders, according to new research from Crypto.com. The report argues that the market's problem is not a shortage of supply but a shortage of fresh demand—an imbalance that has blunted rebound momentum even as traditional U.S. risk assets pushed to new highs.
Bitcoins latest price correction is gaining momentum as the leading cryptocurrency continues to lose crucial technical support levels that previously fueled hopes of a recovery. After failing to maintain positions above the important 50-day and 100-day moving averages, Bitcoin has slipped toward the $71,000-$72,000 range, increasing concerns among investors and traders.
Bitcoin has lost the $75,000 level as selling pressure intensifies and the market faces a wave of uncertainty that has erased the confidence built during the recovery from the April lows.
The widening gap between Bitcoin and the S&P 500 and bearish on-chain indicators suggest Bitcoin is under selling pressure.
Weiss Crypto says Bitcoin may be approaching one of its strongest buying opportunities in years, with senior analyst Juan M. Villaverde arguing that a coming pullback could mark the final confirmation that the market's bearish phase has ended.
Bitcoin price started a fresh decline below the $72,500 zone. BTC is consolidating and might continue to move down if it dips below $70,500.
IREN completed a $3.65 billion financing round backed by its cloud computing contract with Microsoft. The financial package is split into a $2.1 billion U.S. private placement and a $1.55 billion delayed-draw loan. Fitch and DBRS agencies granted investment-grade ratings of A and A (low), respectively, to this capital operation for technological infrastructure.
Strategy (NASDAQ: MSTR), the company widely credited with popularizing the corporate Bitcoin treasury strategy, has sold Bitcoin for the first time since December 2022, offloading approximately $2.5 million worth of BTC. The move comes as digital asset treasury firms face increasing pressure from declining cryptocurrency prices and weakening investor sentiment.
Strategy (NASDAQ: MSTR), the worlds largest publicly traded corporate holder of Bitcoin, is placing renewed emphasis on its perpetual preferred stock, STRC, following a recent Bitcoin sale used to support dividend payments. Executive Chairman Michael Saylor underscored the companys commitment to STRC in his first public remarks after the transaction.
Bitcoin's on-chain metrics show persistent demand, aligning with whale accumulation despite weak price action.
Binance reserve data reveals a supply-liquidity gap as Bitcoin drops below $71,000 for the first time since April.
A U.S. federal court dismissed Swan Bitcoin's lawsuit against Proton Management Ltd. after Swan made a key concession in parallel UK proceedings. Swan acknowledged that it did not own the mining assets, documents, or trade secrets that formed the basis of its allegations.