Key takeaways: SOL retail leveraged longs who entered Monday’s range high were partially flushed out on today’s sell-off to $205. Despite the brief downturn, institutional investor-sized entities bought the SOL price dip. The risk of a US government shutdown is the main culprit in the sell-off, but traders remain focused on the Oct. 10 SEC…
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Key points: Bitcoin’s sell-off intensified, but data shows spot buyers increasing their allocation size. Liquidation heatmap data suggests the sell-off could extend to $107,000. Bitcoin (BTC) fell to a 2-week low of $108,865 on Thursday, and while an assortment of entities have shown interest in buying the range lows, this week, selling during the Asia…
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Key takeaways: Buying among retail and whale-sized traders helped slow down the BTC price sell-off, but bears still have a good chance of exploiting long liquidations to $106,000. Spot and perpetual futures volumes lack aggression, preventing a lasting trend reversal, and sellers continue to sell into price rebounds. Bitcoin (BTC) bulls are fighting to hold…
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Key takeaways: Dip buyers continue to accumulate Bitcoin and open new leveraged positions, but reclaiming the $112,000 level remains key. Traders are on pins and needles ahead of Friday’s US jobs report. Bitcoin’s (BTC) Wednesday rally to $112,600 vanished as sellers stepped in during the Asian trading session, and the downside spilled over into Thursday…
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Key takeaways: Bitcoin dip buyers are back, but still being overpowered by sellers in the futures and spot markets. Closed markets on the Labor Day holiday and the threat of selling by OG Bitcoin whales could send BTC price to $105,000 and below. Bitcoin (BTC) trades amid rocky waters as the price struggles to hold…
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Key takeaways: Retail traders are aggressively buying BTC price dips in spot and futures markets, but net selling from larger order investors is preventing a robust price recovery. Risk of another liquidation cascade to $105,000 seems less likely, but investor sentiment is misaligned with the trend seen in assorted cumulative volume data cohorts. Bitcoin (BTC)…
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Key points: Profit-taking near Bitcoin’s range highs aligns with traders’ previous reaction to new all-time highs. Dip-buying near key liquidation zones and consistent institutional investor demand suggest the sell-pressure won’t last long. Bitcoin’s (BTC) abrupt sell-off from its $124,474 all-time high seemed like a routine outcome at first, especially considering that a portion of traders…
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Bitcoin (BTC) price hit a new all-time high above $123,231 on Wednesday on Coinbase, following a similar performance from the S&P 500 which rallied to a record high of 6,457. Bitcoin’s ascent to new highs comes one day after the July US CPI print showed inflation holding at 2.7% year-over-year, which was unchanged from June…
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Key points: Bitcoin still trades in its 18-day range despite a breakdown below $116,000. The latency between pro-crypto policy from US regulators and the Trump administration and Bitcoin price has left traders feeling anxious. Bitcoin (BTC) sold off sharply on Wednesday following the Federal Reserve’s release of the FOMC minutes and Fed Chair Jerome Powell’s…
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Key points: Bitcoin’s price compression and the Bollinger Bands suggest a range expansion will occur soon. This week’s early price weakness is likely the result of traders cutting risk ahead of Wednesday’s FOMC and a White House update on its crypto policy and Bitcoin strategic reserve. Bitcoin (BTC) continued to trade within the $117,000 to…
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