Bitcoin is extending its recovery, but the market is now approaching a more meaningful technical decision point. After holding the $60,000 region and building a series of higher lows, BTC has pushed back into the low-$70,000s, where short-term momentum is improving. Still, the broader structure has not fully flipped bullish, which means this move is […]
Bitcoin’s price moves continue to be quite muted despite the most recent developments on the rapidly increasing Middle East tension. After today’s big strikes against a key Iranian island, Trump urged numerous countries to send military ships to defend the oil export through the Strait of Hormuz, and France was among the first to respond […]
The US military forces launched a massive attack against one of Iran’s key regions, Kharg Island, which is reportedly responsible for 2% of the global oil supply. Although the POTUS said he intentionally chose not to bomb any oil infrastructure on the island, he threatened that he might reconsider his decision should Iran “do anything […]
Around 27,000 Bitcoin options contracts will expire on Friday, Mar. 13, with a notional value of roughly $1.9 billion. This event is smaller than usual, so it is unlikely to affect spot markets. Crypto prices have been flat for most of this week, picking up a little on Friday, with total capitalization gaining $150 billion […]
Fundstrat’s Tom Lee has said that Bitcoin passed a major test after it rallied over the weekend while oil prices surged due to the ongoing conflict in the Middle East. According to him, the price action was a sign that the massive deleveraging from last October is finally behind the market, allowing Bitcoin to re-emerge […]
Bitcoin didn’t remain above $70,000 for long and has fallen back below it in early trading on Wednesday morning. Resistance was too strong, and it has returned to the middle of its five-week range-bound channel. Long-term holder activity has decreased significantly, declining to levels typically seen during bear markets, according to CryptoQuant analyst ‘Darkfost’ on X […]
Around 80% of companies holding Bitcoin (BTC) as a treasury asset are sitting on unrealized losses, according to an analysis by Charles Edwards, founder of Capriole Investments. The data comes at a time BTC is pushing back toward $71,000, raising questions of whether the widespread institutional pain is a warning sign or a contrarian buy […]
Global tensions, particularly the Iran-US conflict, have rattled crypto markets and pushed investors away from risk-taking. “Periods like this are generally not favorable for risk-taking, and this can be clearly observed in the sharp decline of Bitcoin’s Estimated Leverage Ratio on Binance,” said CryptoQuant analyst Darkfost on Monday. The metric measures the intensity with which […]
Bitcoin reserves held on centralized exchanges have fallen back to levels last seen in 2019. Data shared by crypto market analyst Dark Fost shows that exchange reserves have been steadily declining since 2022. This trend has accelerated following the collapse of the FTX exchange. Bitcoin Supply Migration In November 2022 alone, more than 325,000 BTC […]
Bitcoin (BTC), which was trading nearly 300 bucks around the $69,000 level at the time of this writing, has recorded readings from multiple on-chain indicators that often precede major trend changes, including weakening derivative momentum and falling short-term holder capital. The signals have come at a time when the flagship cryptocurrency is struggling to hold […]