Ark Invest’s Cathie Wood predicts Bitcoin could reach $750K to $1.2M in five years

On-chain data shows a net amount of Bitcoin has been flowing into Binance for 10 days now, a potential sign that investors have been looking to sell. Bitcoin Exchange Netflow Has Remained Positive For Binance Recently As pointed out by CryptoQuant author Darkfrost in an X post, investors have been depositing their Bitcoin to Binance recently. The on-chain metric of relevance here is the “Exchange Netflow,” which tracks the total amount of BTC that’s currently moving into or out of the wallets connected to a centralized exchange. When the value of the metric is positive, it means holders are transferring a net number of tokens to the platform. As one of the main reasons why investors deposit to exchanges is for selling-related purposes, this kind of trend can have a bearish implication for the asset’s price. Related Reading: Bitcoin Bull Run ‘Not There Yet,’ Warns CryptoQuant Founder On the other hand, the indicator being below the zero mark suggests withdrawals are dominating deposits

Bitcoin’s 8-month low volatility can’t predict BTC’s price prediction but derivatives data does suggest that a rally to $82,000 would cause a large short squeeze.

Federal prosecutors are seeking forfeiture of bitcoin tied to a synthetic drug importation case involving Binance records, blockchain tracing, and cooperation with Chinese authorities. Investigators said the seized cryptocurrency was linked to accounts and payments connected to alleged drug shipments routed through Georgia. Bitcoin Seizure Anchors Savannah Drug Forfeiture Case The U.S. Department of Justice […]

Data suggests that Bitcoin may be gearing up for a rally to $82,000. Will bulls seize the opportunity?

Cathie Wood's Bitcoin forecast highlights a shift towards institutional adoption, potentially stabilizing Bitcoin as a mainstream asset class. The post Ark Invest’s Cathie Wood predicts Bitcoin could reach $750K to $1.2M in five years appeared first on Crypto Briefing.

Bitcoin bulls mounted a new push over the weekend, clawing their way back to an important technical level around $77,400 that served as a ceiling two times during these rallies. That price level has now become the immediate line between a failed bounce and a stronger move into the upper CME gap. Bulls Push Out […]

Zonda Capital's strategy may attract Argentine investors seeking Bitcoin exposure, but currency and regulatory risks could impact returns. The post Zonda Capital to change ticker to ZOND, increase Bitcoin exposure via US ETFs appeared first on Crypto Briefing.

Bitcoin reclaimed $77,000 despite rising exchange supply and spot BTC ETF outflows. Will bulls push BTC to $80,000 this week?