Bitcoin Is Getting Closer to the Bottom, But Demand Is Falling: CryptoQuant
Bitcoin's bear market might be nearing an end, analysts said, but individuals and institutions aren't lining up to buy the top crypto asset.
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Crypto analyst Crypto Lens has predicted that the Bitcoin price could rally to a new all-time high (ATH) of $150,000. This came as he outlined four scenarios that will build toward this rally to a new ATH by next year. Bitcoin Price To Still Rally To $150,000 Amid These Four Scenarios In an X post, Crypto Lens predicted that the Bitcoin price would rally to $150,000 by February next year. This came as he noted that BTC is now hovering at the exact level where every bull trap ends. The analyst stated that next week, another bearish rejection will send BTC back to $43,000. The rally to $150,000 and drop to $43,000 is notably among the scenarios he outlined for BTC. Related Reading: This Bitcoin Chart Shows What To Expect For The Next 3 Months After Major Decision Point In the first scenario, Crypto Lens predicted the Bitcoin price would drop to $48,000 within a few days. This will be followed by a drop to $43,000 in July, which is the second scenario. In the third scenario, the analyst
Read full articleBitcoin's bear market might be nearing an end, analysts said, but individuals and institutions aren't lining up to buy the top crypto asset.
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BTC traded down to nearly $60K as profitability collapsed, recent buyers fell deep underwater, and realized losses accelerated. Meanwhile, institutional demand weakened, treasury buying slowed, and options markets remained firmly defensive.
Bitcoin layer-two ( L2) network Botanix is winding down its operations after four years and has set a hard deadline of July 9, 2026, for users to withdraw their bitcoin and assets before remaining funds are permanently swept by the network’s federation. The Playbook Botanix Refused to Follow Bitcoin layer-two ( L2) network Botanix has […]
Litigation expert Thomas Braziel has questioned the Cardano Foundation on the 1,090 BTC it allegedly received after its predecessor, the Isle of Man foundation, was dissolved. This is said to have occurred around the Cardano ICO, with 108,000 BTC said to have been raised around the ICO event. Expert Questions Cardano Foundation Over 1,090 BTC […]
Both Realized Cap and aSOPR are pointing to the same conclusion: capital is leaving the Bitcoin network while forced selling at a loss dominates market behavior.
Fold Holdings has sold approximately $45 million worth of Bitcoin and eliminated all of its secured debt obligations as the fintech company prepares for a new round of product launches and expansion efforts. According to Fold, the Nasdaq-listed company liquidated…
BTC's rebound shows signs of weakening under a string of technical resistance levels, raising the odds of a dip below $60,000 in June.