On-chain data show increased selling pressure, with Bitcoin exchange inflows and large-holder deposits spiking to multi-month highs.
BlackRock has put its extensive Bitcoin selling spree on hold as the crypto ecosystem begins to rebuild momentum amid renewed investor interest.
Despite a surge in short positioning, bitcoin has climbed toward $75,000, with past episodes of negative funding rates often aligning with local market bottoms.
Bitcoin has climbed back toward a key on-chain resistance zone, but Glassnode says the move still looks more like a fragile rebound than the start of a fully convincing trend shift. In its latest The Week On-chain report, the analytics firm said Bitcoin was trading near $74,000, roughly 5.2% below the True Market Mean at $78,100, a level it framed as the market's most important near-term test.
Bitcoin is hovering near $75,000 as steady institutional demand meets a wall of supply, while the options market is biased toward downside hedges.
The Blockstream CEO's approach contrasts with BIP-361, a proposal that would implement mandatory freezes of quantum-vulnerable Bitcoin.
Chinese commentator Professor Jiang claims Bitcoin is a CIA operation. What are these controversial theories on BTC about and what is the future of the US-Iran conflict?
Bitcoin reclaimed $1 on April 14, 2011 after slipping below parity, a key early stress test that disproved skeptics and signaled real market support.
BitMEX Research proposes a bounty-driven tripwire as a gentler alternative to BIP-361's mandatory coin freeze, but it hinges on trusting an attacker to take a payout instead of a heist.
Morgan Stanley's newly launched Morgan Stanley Bitcoin Trust (MSBT) surpassed WisdomTree's Bitcoin Fund (WBTC) in total net inflows just over a week after launch.
BlackRock's iShares Bitcoin Trust (IBIT) accelerated Bitcoin (BTC) acquisitions this week, absorbing over half a billion dollars in two days.
How a $19B liquidation event broke Bitcoin's correlation with stocks and reset its cycle clock.