The recent price performance of Bitcoin has left many in the crypto community concerned, with several large-cap tokens experiencing a reversal of their profits. However, some investors see the current price decline as a rare opportunity in the bull market. These investors continue to accumulate assets of their choice, despite the market volatility. On-Chain Data
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The recent decline in Bitcoin’s price has resulted in a gloomy outlook for the spot Bitcoin ETF market. Data from BitMEX Research shows that there has been a negative netflow in these BTC ETFs for the past four trading sessions. This negative trend has been driven by significant outflows from Grayscale’s GBTC and record low
Recently, analysts at JPMorgan have expressed caution regarding Bitcoin’s future trajectory post the Bitcoin Halving event. Despite the general optimism surrounding the Halving, JPMorgan strategists believe that the flagship cryptocurrency might still face challenges before experiencing significant upward movement. Citing factors such as net outflows in Spot Bitcoin ETFs and sustained open interest in CME
The recent surge in Bitcoin’s value, reclaiming the $67,000 mark, came as a shock to many traders who were expecting the market’s decline to continue. This unexpected turn of events led to a wave of liquidations amounting to nearly $300 million within a 24-hour period. According to data provided by Coinglass, approximately 86,047 traders suffered
Despite certain Bitcoin fundamentals pointing to a sustained upward movement, the recent price decline of the flagship crypto token has left many investors puzzled. Data from the on-chain analysis platform CryptoQuant highlights that the supply of Bitcoin on exchanges has decreased by nearly 40% in the past four years. This reduction in supply ahead of
Bitcoin has recently experienced a significant decline in value, dropping from over $73,600 to under $60,800 in a short period. This -17% loss has sparked discussions among crypto experts on social media platforms like X (formerly Twitter), who are trying to pinpoint the reasons for this downturn. Alex Krüger, a prominent figure in both macroeconomics
The Government Pension Investment Fund (GPIF) of Japan, the world’s largest pension fund with assets totaling $1.5 trillion, recently announced its initiative to explore diversification opportunities that include Bitcoin. This exploration signifies a potential monumental pivot in the investment strategy of a fund traditionally associated with more conservative asset classes. The fund is in the
The recent decline in the price of Bitcoin has been a cause for concern among investors and analysts alike. Since reaching an all-time high of $73,000, the cryptocurrency has been on a downward trajectory, sparking speculation about its future direction in the short term. With the Bitcoin Halving event looming on the horizon, many experts
The recent turmoil in the cryptocurrency market has taken a toll on Bitcoin, causing a sharp decline in its prices. After enjoying a sustained period of growth and reaching record highs, Bitcoin plummeted to a weekly low of $65,000, leaving investors reeling from the sudden drop. As of the latest data from Coingecko, Bitcoin was
The current state of Bitcoin’s futures market is garnering attention due to the signs of bullish sentiment it is showcasing. Analysts are particularly focusing on the Bitcoin futures basis, which represents the differential between the futures price of Bitcoin and its spot price. Recent data has indicated that this basis has surged to unprecedented levels
Recently, analysts from the private wealth management firm, Bernstein, reiterated their prediction regarding Bitcoin’s future potential. Gautam Chhugani and Mahika Sapra emphasized that there is a strong possibility for Bitcoin to reach $150,000 by the year 2025. This reaffirmation comes after their initial forecast back in November 2023 when they first made this bold prediction.
The recent crash in the price of Bitcoin, which dipped below $66,000, can be attributed to a significant drop in inflows into Spot Bitcoin ETFs. Data from Spot On Chain indicated a sharp decline in net flows into these ETFs over the past few days. On Wednesday, March 3, there was a 38% decrease in
MicroStrategy, the American business intelligence and software development company, has recently announced its plans to acquire an additional Bitcoin by raising $500 million in convertible debt offerings. This move comes after the company sold approximately $800 million in convertible debt offerings just a few days ago, using the proceeds to purchase around 12,000 BTC. As
The CEO of Jan3 and Bitcoiner, Samson Mow, has made a bold prediction that Bitcoin could potentially reach $1 million in the near future. This ambitious price target has raised eyebrows among many investors and experts in the cryptocurrency space. But Mow is standing by his prediction, confident in his reasoning behind it. Mow explained