Around 153,500 Bitcoin options contracts will expire on Friday, June 26, with a notional value of roughly $9.3 billion. This event is much larger than usual, being the end of the month and end of quarter, so it may induce more volatility in the already battered spot markets. Crypto markets fell to an almost two-year low […]
Analyst ‘Reflection’ warned of a brutal Bitcoin liquidation cascade below $59,000, claiming over $1.6 billion in long leverage is stacked in one zone around $58,000 based on CoinGlass data. “In all my years trading, I’ve never seen this much long-side liquidity stacked in one single zone,” they said on Wednesday. That liquidation zone is not […]
The old saying – sell in May and go away – proved to be right once again for the cryptocurrency markets. It was just six weeks ago when bitcoin had evidently reclaimed the $80,000 level and even surged to a multi-month peak at almost $83,000. The sentiment was gradually improving and there were even calls […]
Bitcoin network activity remains close to record highs, according to CryptoQuant’s Bitcoin Network Activity Index, even though the cryptocurrency is still trading below its all-time high. The index tracks metrics such as active addresses, transaction volumes, unspent transaction outputs (UTXOs), and demand for block space to measure actual activity on the network. Network Usage Surges […]
Over the past week, bitcoin (BTC) has traded between $62,000 and $72,000. Despite bullish conditions not being fulfilled, the leading digital asset has managed to hold its floor. Analysts at the crypto exchange Bitfinex revealed in the latest Bitfinex Alpha report that the current crypto market environment is being reshaped by shifting Federal Reserve expectations […]
Combined institutional flows across spot Bitcoin ETFs, stablecoins and the world’s largest corporate holder of BTC, Strategy, have swung to a record $8 billion in net outflows in the last 30 days, according to analysis published by BIT on June 22. The scale of the reversal went beyond the mere slowing down seen in late […]
A strengthening US dollar could put further pressure on Bitcoin, which is already suffering from major institutional selling pressure amid geopolitical uncertainty and increasing inflation. “The bear market was confirmed almost exactly when the DXY found its bottom,” said Swissblock analysis on Monday. “At first, the dollar decline looked supportive for BTC. But the reversal changed […]
Bitcoin’s price was rejected at almost $66,000 yesterday, and the crash has worsened over the past few hours, with the asset dumping below $63,000. Most altcoins have followed suit, including many of the larger-cap ones, which has increased the total value of liquidations from over-leveraged positions. Why Is Crypto Down Today? After a calm weekend […]
Current prices are not the most important thing when it comes to determining whether it’s the right time to acquire a certain asset, said the person behind one of the most popular investment books, Rich Dad, Poor Dad. Kiyosaki further explained when he is prepared to start acquiring more BTC, ETH, silver, and gold amid […]
Around 30,500 Bitcoin options contracts will expire on Friday, June 19, with a notional value of roughly $1.9 billion. This event is slightly smaller than last week’s and still not enough to impact spot markets. Crypto markets gained slightly before retreating in the second half of the week, with total capitalization hovering around the $2.25 […]