Category Archives: Bitcoin News

Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next?

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Bitcoin, often influenced by long-term holders’ (LTH) decisions, has witnessed significant selling activity among this investor group over the past week. While the reason behind the long-term holders offloading Bitcoin is not certain, the move appears to have impacted BTC, resulting in the recent correction in its price dropping below the $70,000 price mark. Bitcoin’s… Continue reading Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next?→

Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump’s Election Victory

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As the United States braces for the outcome of the closely contested presidential election between former President Donald Trump and Vice President Kamala Harris, Bitcoin (BTC) has experienced a price drop, now hovering around the $68,000 mark.  BTC Faces Key Support Levels Bitcoin has struggled to surpass its all-time high of $73,700, a level achieved… Continue reading Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump’s Election Victory→

Bitcoin ETFs’ Hot 7-Day Streak Ends, Record $55 Million In Net Outflows

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The spot Bitcoin ETFs (exchange-traded funds) in the United States have recorded their first net outflow day in the past seven days. This negative single-day performance ended what was another impressive weekly outing for the crypto investment products. Bitcoin ETFs Shine While Ethereum ETFs Continue To Struggle After a strong performance throughout the month of … Continue reading Bitcoin ETFs’ Hot 7-Day Streak Ends, Record $55 Million In Net Outflows→

Bitcoin On-Chain Indicator Signals Panic Selling At Current Levels – Time To HODL?

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Bitcoin is showing resilience, holding firm above the $69,000 mark after a slight pullback from recent local highs at $73,600. Following weeks of bullish momentum and nearing its all-time high, BTC has settled just below the critical $73,794 resistance, a key level that, if surpassed, would push the cryptocurrency into price discovery mode.  According to… Continue reading Bitcoin On-Chain Indicator Signals Panic Selling At Current Levels – Time To HODL?→

Tracking Bitcoin’s Profit Cycles: Could A New Market High Be Near?

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Bitcoin price has seen many cycles over the years, marked by distinct growth phases, peaks, and corrections. To better understand these cycles, a CryptoQuant analyst, using the pseudonym ‘datascope,’ has highlighted the relevance of the UTXO Block Profit/Loss (P/L) Count Ratio Model. This tool offers unique insights into the balance of profitability and losses among… Continue reading Tracking Bitcoin’s Profit Cycles: Could A New Market High Be Near?→

Bitcoin Price Correction Triggers $296 Million In Liquidations – Can BTC Still Hit ATH?

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Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some losses. Liquidation Data At A Glance Although BTC is trading close to its all-time high (ATH) value of $73,737, yesterday’s quick drop in price cast doubts on whether the top digital asset will be… Continue reading Bitcoin Price Correction Triggers $296 Million In Liquidations – Can BTC Still Hit ATH?→

Mt. Gox Stirs Market with 500 Bitcoin Transfer to Unknown Wallets—What’s Next for BTC?

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Mt. Gox, which was once the largest cryptocurrency exchange globally before its shutdown in 2014, recently transferred 500 Bitcoin (worth roughly over $34 million) to two unidentified wallets. This transaction, conducted early Friday, marked the first transfer from the defunct exchange since late September of this year. Details Of The 500 BTC Transfer Blockchain analytics… Continue reading Mt. Gox Stirs Market with 500 Bitcoin Transfer to Unknown Wallets—What’s Next for BTC?→

Bitcoin Open Interest Reduced By $2.1 Billion In 24 Hours – Time For Spot To Push The Price?

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Bitcoin is currently trading above $69,000, following a 6% pullback from its recent peak at $73,600. The recent surge in open interest has been a key factor in driving BTC’s price action, with open interest reaching $23.9 billion on October 30, a significant uptick that indicated high market engagement.  However, in the past 24 hours,… Continue reading Bitcoin Open Interest Reduced By $2.1 Billion In 24 Hours – Time For Spot To Push The Price?→

Bitcoin Set To Gain If Trump Wins, JPMorgan Cites ‘Debasement Trade’ As Key Factor

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According to JPMorgan analysts, a win for the Republican US presidential candidate Donald Trump could further fuel Bitcoin (BTC) price momentum. Retail Investors Turn To Bitcoin For ‘Debasement Trade’  In a recent client note, analysts at JPMorgan suggested that a Trump win might provide ‘additional upside’ for both BTC and gold, as retail investors increasingly… Continue reading Bitcoin Set To Gain If Trump Wins, JPMorgan Cites ‘Debasement Trade’ As Key Factor→

BlackRock’s Bitcoin ETF Reaches 2% Of Total BTC Supply Amid Record Inflows

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On Wednesday, BlackRock, the world’s largest asset manager, achieved a significant milestone in the Bitcoin ETF market, recording the largest inflows since the inception of these investment funds in January.  Bitcoin ETF Demand Soars Ahead Of US Presidential Election According to Bloomberg, approximately $872 million flowed into BlackRock’s iShares Bitcoin Trust on Wednesday, marking a… Continue reading BlackRock’s Bitcoin ETF Reaches 2% Of Total BTC Supply Amid Record Inflows→