Key takeaways: Open interest in Bitcoin futures and options has ballooned to $96 billion, up sharply from 2022 levels. Elevated speculative leverage fuels BTC’s bullish breakouts, but it also raises the risk of cascading liquidations, reminiscent of 2021 volatility. Stablecoin-margined collateral now dominates over crypto-margined positions, helping mitigate volatility shocks amid heightened trading activity. Bitcoin’s…
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Bitcoin may hold above $100,000 throughout summer, but seasonal trading data suggests minimal upside in Q3. Source link
Key takeaways: Short-term Bitcoin holders sold 15,000 BTC at a loss throughout the week. Onchain data suggests a Bitcoin price bottom in the $97,000–$94,000 zone. Bitcoin (BTC) is experiencing a relatively subdued week, as armed conflict between Israel and Iran and uncertainty ahead of the FOMC led investors and traders to stay sidelined. Despite the…
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Key takeaways: The number of Bitcoin held for over 10 years is increasing faster than new coins are mined—550 BTC/day versus 450 issued BTC/day. 17% of BTC is already considered illiquid, and projections suggest up to 30% by 2026. Fidelity Digital Assets released a report highlighting a pivotal shift in Bitcoin’s supply dynamics after the…
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Key takeaways: Bitcoin dropped $103,500 as traders cut risk ahead of tomorrow’s FOMC decision. Technical data points to a Bitcoin price bounce between $102,000 and $104,000. Onchain data shows mid-term holders realizing significant profits over the past month. Bitcoin (BTC) price slipped to $103,300 after traders started cutting risk ahead of the upcoming Federal Open…
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Key takeaways: Brad Mills forecasts a 100X Bitcoin rally driven by institutional adoption, halving-induced scarcity, and retail-focused technology developments. The US Strategic Bitcoin Reserve, initiated with 200,000 BTC, marks a policy shift toward long-term government-held Bitcoin monetary policy. Bitcoin (BTC) maximalist Brad Mills predicts that the market is at the dawn of a “SaylorCycle,” a…
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Key takeaways: Bitcoin returns after major downside catalysts have exceeded 64.6% since 2010, suggesting that the recent escalation of tensions in the Middle East could be a BTC purchasing opportunity. Despite trading near all-time highs, Bitcoin’s Puell Multiple remains in the discount zone, indicating institutional accumulation and undervalued market conditions. Bitcoin (BTC) price fell to…
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Key takeaway: Bitcoin (BTC) reached a weekly high of $110,653 on Monday, but it is currently down 3.5%, dropping to a low of $106,600 on Thursday. Escalating tensions between Iran and Israel, with reports of Israel possibly preparing military action against Iran, have triggered a risk-off sentiment, with BTC posting a reaction. From a technical…
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Key takeaways: Bitcoin investor sentiment hits a 7-month high, with a bullish pennant forecasting a rally to $115,000. Today’s CPI print and the chance for a lower-than-expected PPI on June 12 could drive BTC price higher. Bitcoin (BTC) price briefly rallied above $110,000 on Wednesday after US Consumer Price Index (CPI) data came in cooler…
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Key takeaways: A unique divergence emerged as long-term Bitcoin holders took profits, while the overall supply held by this cohort continues to rise. Bitcoin’s volatility has dropped to the 10th percentile, its lowest range in a decade, despite prices trading near all-time highs. Bitcoin (BTC) price is hovering just a few percent below its all-time…
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