Crypto analyst Chain Mind has drawn a correlation between Bitcoin and the S&P 500, noting how the latter could determine the BTC bottom. Based on analysis, the leading crypto has yet to find a bottom, with the stock market still making new highs.
There is a coup underway in the Bitcoin market, but it won't appear in the headlines of traditional financial media. There are no brawls on the trading floor, no fund managers shouting orders. It is a silent, patient, and ruthless coup, executed not with leverage, but with conviction.
BTC's Shooting Star candle, fading capital flows, and a $1.3B dark pool print signal bears are in control.
Bitcoin just dropped out of the top 10 largest global assets. While AI and semiconductors soar, the crypto market goes through a new turbulence zone.
In this week's Crypto Long & Short, Ravi Tanuku on why the GENIUS Act didn't just regulate stablecoins, it repriced Bitcoin's monetary premium. Then, Jesper Johansen on why looped ETH staking no longer needs a lending market.
Kraken customers can make use of their Bitcoin holdings and generate BTC yield without ever leaving the exchange.
Strategy's aggressive Bitcoin accumulation strategy poses significant risks, especially during market downturns, impacting investor confidence. Strategy's Bitcoin holdings drop over $690M as Bitcoin falls below $75K.
The much-hyped copper-to-gold breakout says more about how capital is shifting between defense and growth than it does about bitcoin's destiny on its own.
Bitcoin has continued to fail in its recent attempts to break out from its current price level and this has triggered fear among speculative traders.
Stablecoin Rotation: Traders are shifting into USDT and USDC as BTC dominance slips and dollar-pegged tokens gain share. ETF Outflows: Bitcoin ETFs saw heavy outflows, reinforcing defensive positioning and boosting demand for USDT and USDC. Market Caution: Analysts view rising USDT and USDC dominance as a sign of profit-taking amid mixed macro signals.
Is Bitcoin's current drawdown normal compared to past market cycles?
IBIT sales drove 4.32K BTC outflows worth $324M, with daily trading volume hitting $6.07 billion.