Cointelegraph·
Selling from all angles pushed Bitcoin below $71,000 at the weekly open, but early bullish positioning in BTC derivatives may signal the start of a recovery.
Read full articleXRP is holding critical support around $1.30 as selling pressure tests a level that bulls have been defending through weeks of market uncertainty. The price is at a genuine inflection point — and an Arab Chain analysis tracking Binance inflow data has identified a structural development in May that adds a specific supply-side context to […]
However, a failure to defend the current support level may open the door to a deeper correction toward $61,000.
A multi-million-dollar Polymarket contract on whether Strategy sold any bitcoin by May 31 has been disputed twice and is now in front of UMA tokenholders, reigniting an analyst argument that prediction-market oracles built on token voting are structurally unfit for high-stakes settlement.
Bitcoin’s sharp volatility decline coincides with a 114-day trading range, setting the stage for a potential 10% to 20% price move, but the direction remains uncertain.
OranjeBTC's strategic Bitcoin accumulation and share buybacks could enhance shareholder value, but hinge on Bitcoin's long-term price growth. The post OranjeBTC buys additional 20 Bitcoin, total holdings reach 3,762 BTC appeared first on Crypto Briefing.
Bitcoin’s recovery attempts are still being judged against a larger structure that has controlled price action for months. An interesting technical analysis of the daily candlestick timeframe chart shows that Bitcoin is still following a descending channel, with every major rebound failing near the upper diagonal and every major sell-off finding a reaction near the lower boundary. The latest rejection around $83,100 in May has now become the main focus, and Bitcoin is now moving back into the lower half of the channel, where the final bottom could be waiting. Bitcoin’s Descending Channel Still Controls The Bigger Trend Eight months into a correction path defined by lower highs and lower lows from $126,000, Bitcoin is showing no signs of deviation. The daily candlestick chart shows Bitcoin has transitioned into a broad descending channel that has stayed intact for these eight months. Related Reading: The Bitcoin ‘Dream Entry’ To Wait For Before The Run-Up To $300,000 The upper boundary
Strategy’s 32 BTC sale is not triggering widespread selling pressure, according to an analysis shared by Cryptoquant, but weakening profit indicators suggest investor confidence is fading as fear gains ground across the bitcoin market. Bitcoin Metrics Show Why Strategy’s BTC Sale Is Not Bearish Fear is increasingly shaping bitcoin market sentiment after Strategy (Nasdaq: MSTR) […]
Polymarket users are waiting for a resolution on whether Strategy's Bitcoin sale took place before the end of May—with over $50 million bet so far.
