Bitcoin bears celebrate as demand for leveraged long positions hits a six-month low, but crypto traders on X think it’s time to go long. On April 18, Bitcoin futures contracts exhibited significant demand for short (sell) positions, sparking speculations of further bearish momentum. This trend was influenced by the lack of inflows into spot Bitcoin exchange-traded…
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BTC price continues its tests of bid liquidity after the latest Wall Street open, but confidence over the Bitcoin bull market remains. Bitcoin is “looking solid” long term but further BTC price dips are on the radar, fresh analysis says. In a thread on X (formerly Twitter) on April 17, popular trader and commentator Mikybull Crypto described the…
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Excitement around the upcoming Bitcoin halving has seen a continued increase in searches for the term on Google. The level of interest in the ‘Bitcoin halving’ on Google has soared to its highest point of all time, with predicted data pegging it at more than double that of the last halving in 2020. Search interest…
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Over 2,000 United States ETFs see no inflows on any given day — something thats “very normal,” says ETF analyst James Seyffart. Bitcoin exchange-traded funds (ETFs) having days of zero inflows is completely normal and shouldn’t be misinterpreted as a failure of the products themselves, says Bloomberg ETF analyst James Seyffart. On most days, the…
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Bitcoin miner selling could last for four to six months after the halving, amounting to as much as $5 billion worth, according to an analyst. There could be a large outflow of Bitcoin BTC tickers down $62,660 from miners in the months following the Bitcoin halving as in previous cycles, according to a market analyst.…
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The price of Bitcoin has grown 54% since the start of 2024, and only six altcoins from the top 50 have done any better. Only six altcoins among the top 50 tokens by market capitalization have managed to outperform Bitcoin so far this year, as Bitcoin dominance reached a three-year high over the weekend. The…
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Some crypto traders suggest waiting on the sidelines to avoid getting “rinsed by leverage,” as they can always “play catch up later.” Traders with leveraged positions in Bitcoin could be in for a nasty surprise as the cryptocurrency faces a critical crossroads, which could see the price bounce in different directions, analysts warn. “The market was…
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Key Points: Bitcoin halving event may already be priced in, driven by optimism from US ETF approval. Marathon Digital Holdings CEO Fred Thiel suggests ETF approval accelerated demand, impacting post-halving price trends. Bitcoin’s recent price corrections have been less severe, possibly influenced by the introduction of a Bitcoin ETF. Bitcoin’s upcoming halving event, a software…
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Bitcoin price could rise another 160% after the halving, hitting the $150,000 mark, according to analysts. With only 10 days left until the much-awaited halving, Bitcoin is still trading above the $70,000 psychological level, bolstering bullish long-term price predictions from market analysts. Following the halving, Bitcoin BTC $70,589 price could appreciate over 160% to reach a…
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While the halving is associated with Bitcoin bull cycles, the current rally is mainly driven by ETF inflows, argues Bybit’s Hao Yang. The Bitcoin price rallied approximately 650% since the last Bitcoin halving in 2020. If history repeats, Bitcoin could reach the $435,000 price level before the 2028 halving. Is BTC price headed to $435,000 by…
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