The Bitcoin price has surged 2% to $87,800 today, reflecting a positive Market sentiment. This increase is backed by a significant rise in open interest for BTC-USDT futures on Binance, which has grown by about 7,000 BTC, equivalent to $614.6 million. Open interest indicates the number of active contracts in the Market, and its uptick ...
Bitcoin’s bullish positions on the Bitfinex exchange have recently surged to a six-month high, with leveraged positions hitting 80,333 BTC, valued at around $6.92 billion. This growth, a 27.5% rise in margin longs since mid-February, raises concerns about the sustainability of Bitcoin’s price increase. Despite this optimism, historical data shows that high leveraged positions do ...
Bitcoin is currently facing challenges in staying above the $100,000 threshold, trading around $97,850 after a recent downturn. Despite this, there are signs of a potential recovery thanks to increasing institutional support and significant inflows into Bitcoin ETFs, which saw a remarkable $340 million influx recently. Notably, BlackRock led the charge with a $249 million ...
Bitcoin has recently surpassed the $100,000 mark, sparking interest from traders to take profits. However, long-term holders, those who have kept their Bitcoin for at least seven years, are not selling yet. A recent analysis highlights that this group remains confident in the Market, as previous selling patterns from long-term holders occurred before major price ...
In the crypto Market, when investors sell off their long-held Bitcoin, it may signal a bullish trend rather than a downturn, as seen in historical patterns. Analysts note that decreases in supply from long-term holders often precede significant Bitcoin price rallies. Recently, over 1 million BTC shifted from long-term to short-term holders amid rising prices ...
Crypto markets are preparing for the expiration of nearly $4 billion in Bitcoin and Ethereum options today. Bitcoin options have a notional value of $3.19 billion, with a put-to-call ratio favoring calls, indicating bullish sentiment. The maximum pain point for BTC is set at $100,000, suggesting losses for many option holders if prices remain below ...
Bitcoin, currently trading above $100,000, is showing signs of potential volatility that traders may want to watch. A key indicator, the rolling 60-day price range, reveals that its price movement is becoming tighter, suggesting stable Market conditions. Historically, this pattern has often been followed by significant price swings. Analysts note that this tightening has preceded ...
Bitcoin is once again nearing its all-time high after a wild week that showed its famous volatility. The price initially dropped to $89,100 but quickly bounced back, surging over 18% to reach $105,900. Analysts are optimistic, noting that Bitcoin has successfully tested its previous yearly high, now acting as support. With positive Market sentiment and ...
Bitcoin is approaching new monthly highs, with prices nearing $105,500 as traders anticipate a potential price breakthrough. The cryptocurrency has seen a 12% increase this month, driven by a positive Market outlook. Analysts and traders are excited about the possibility of reaching all-time highs soon, with some predicting prices could hit $150,000 in this cycle. ...
Bitcoin has recently shown promising signs, registering a golden cross as the 1-7 day UTXO surpassed the 7-30 day UTXO average. This shift indicates increased interest from short-term investors, contributing to a significant price increase of over 11.5% in the past week, pushing Bitcoin above $105,000. Analysts suggest that this momentum could lead to further ...
