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A cryptocurrency analyst has pointed out how the Open Interest for Bitcoin and the altcoins is forming a setup that previously led to a market downturn.Bitcoin & Altcoins Have Seen A Jump In Open Interest RecentlyIn a new post on X, CryptoQuant community analyst Maartunn has discussed about the late…
In a recent blog post, former BitMEX CEO Arthur Hayes argues that Bitcoin’s four-year cycle is essentially dead. His explanation is based on different macroeconomic drivers that were behind Bitcoin's price action in the past. As reported by U.Today, Hayes previously predicted that the leading crypto…
Shares in BitMine Immersion Technologies managed to end a choppy day of trading at a slight gain after the crypto treasury company became the latest target of short seller Kerrisdale Capital.Kerrisdale said in a report on Wednesday that Tom Lee’s BitMine is “chasing a model that is on its way to ext…
Nearly all of Bitcoin's supply is now in profit after a recent rally, but rising leverage and “crowded call positioning” could suggest growing short-term fragility, according to onchain analytics. As of Wednesday, 97% of Bitcoin supply is in profit, reported blockchain analytics provider Glassnode.…
Asset manager Bitwise’s decision to set a 0.20% fee on its amended US-based Solana ETF application, which now includes staking, may be a sign of how competitive the product could get among ETF issuers, according to ETF analyst Eric Balchunas.“Thought we’d see higher first, need war to get this low,”…
Profit-taking in bitcoin remains low even as the cryptocurrency reached a new all-time high above $126,000 this week, according to onchain analytics firm CryptoQuant.Bitcoin holders' total net realized profits over the past 30 days total 0.26 million BTC (about $30 billion), roughly 50% below July’s…
Key takeaways:Bitcoin’s net taker volume has rebounded from extremely bearish to neutral levels.Onchain and market data indicate controlled profit-taking, not panic selling.Binance data shows Bitcoin’s strongest buying momentum since July.Bitcoin (BTC) price stabilized above $120,000 after sharply c…
According to Santiment, XRP is seeing its highest level of retail fear, uncertainty and doubt in six months. That surge in negativity is being read by some analysts as a contrarian signal — fear on the street could come just before a turnaround.While traders grumble, on-chain data shows crowd mood t…
Bitcoin's recent surge seems to be waning as the price finds it difficult to sustain momentum above the $123,000 mark. Buyers were able to push Bitcoin to new local highs following a strong breakout from the $113,000-$115,000 consolidation zone, but the bullish tempo is obviously slowing down. Now a…
Strategy’s near-$80 billion Bitcoin treasury is catching up to the massive cash positions of tech giants such as Microsoft, whose shareholders rejected a proposal in December to explore adding Bitcoin to its books.Strategy posted to X on Tuesday that its 640,031 Bitcoin (BTC) stash briefly topped $8…
Bitcoin price struggled to surpass $126,200 and corrected gains. BTC is now consolidating near $122,000 and might aim for a recovery wave.Bitcoin started a downside correction below the $125,000 level.The price is trading below $124,000 and the 100 hourly Simple moving average.There is a key bearish…
Asset manager Canary Capital appears to be on the cusp of having its Litecoin and HBAR exchange-traded funds (ETF) approved after filing key final details, but they’re unlikely to launch while the US government is shut down.Canary filed amendments to its Litecoin (LTC) and Hedera (HBAR) spot ETFs on…