The post Bitcoin’s recovery to $64K on hold? KEY metrics flash mixed signals after leverage wipeout appeared on BitcoinEthereumNews.com.
Following weeks of subdued derivatives activity, Bitcoin’s late-June decline triggered the first meaningful shift in market positioning. More importantly, aggressive short selling targeting this level was successful just twice, with one at $57.8K. At no point did the spot selling pressure diminish enough to prevent buyers from recovering their footing. The Open Interest had initially increased substantially over the previous week, peaking at approximately 530k BTC. Then, sharp liquidation quickly reduced most of the resulting leverage. Notably, Bitcoin prices began to recover from the low of $57.8K to a high near $64K. As a result, bearish positions closed while fresh long positions entered the market. Source: Glassnode These developments suggested growing investor confidence. Funding Rates also shifted from negative to slightly positive during the sa
The post Top Bitcoin Casinos in Mexico for 2026 appeared on BitcoinEthereumNews.com.
If you haven’t yet joined a crypto casino in Mexico, you’ll find the process is quite simple. In fact, it isn’t much different from joining a local Mexican-licensed online casino. If you’re new to the concept, here are the steps you need to take. Step 1: Choose a Casino First, choose your preferred online casino. We recommend choosing one of our top-recommended Mexican casinos featured on this page, as we’ve independently tested and approved those for players in Mexico. Step 2: Register As a New Player Follow our CoinGape links to head over to your casino of choice. Once there, hit the relevant sign-up button on the homepage or lobby. Enter your personal details (only those that are mandatory if you prefer your privacy) before submitting the e-form. You may be required to check your email for a confirmation message to verify your account. Step 3: Complete KYC (If Required) If your crypto casino goes in
The post Grayscale defends Strategy’s Bitcoin sale with unexpected bullish case appeared on BitcoinEthereumNews.com.
Grayscale Research has argued that Strategy’s recent $216 million Bitcoin sale has improved the company’s financial position while helping create conditions for a more stable Bitcoin price. Summary Grayscale says Strategy’s $216 million Bitcoin sale has reduced financing risk and strengthened its balance sheet. The research firm argues higher cash reserves could support a more durable Bitcoin price bottom over time. Bitcoin rebounded above $63,000 as BlackRock’s ETF recorded fresh inflows and trading volume surged. According to a July 6 report from Grayscale Research, the market reaction to Strategy’s decision to sell part of its Bitcoin holdings has overlooked what the firm sees as a strengthening of the company’s balance sheet rather than a sign of financial stress. The report comes after Michael Saylor’s company faced criticism when Bitcoin briefly fell to the $61,000
Grayscale Research has argued that Strategy’s recent $216 million Bitcoin sale has improved the company’s financial position while helping create conditions for a more stable Bitcoin price. According to a July 6 report from Grayscale Research, the market reaction to…
The post Bitcoin Sticks to $63,000 as John Bollinger Eyes a ‘Critical Point’ for BTC price appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) circled $63,000 after Tuesday’s Wall Street open as chip companies led a dip in US stocks. Key points: Bitcoin attempts to hold $63,000 after seeing its highest levels in two weeks. US stock markets see a correction on the day SpaceX joins the Nasdaq-100. Bollinger Bands creator John Bollinger continues to eye a long-term BTC price reversal. BTC price comes off two-week highs as US stocks fall Data from TradingView showed BTC price action cooling after a trip to $64,660 — its highest point since June 22. BTC/USD one-day chart. Source: Cointelegraph/TradingView BTC/USD surfed a comedown in US equities, with the S&P 500 and Nasdaq 100 down 0.6% and 2.1%, respectively, at the time of writing. Chip stocks led the sell-off, with Micron Technologies, whose earnings were highly anticipated last month, down over 9%. Micron Technologies stock one-hour cha
The post Analysts see more upside for SpaceX as post-IPO research begins appeared on BitcoinEthereumNews.com.
Wall Street analysts have begun coverage of SpaceX (SPCX) following the expiration of the 25-day quiet period after the company’s June initial public offering (IPO), with nearly every major brokerage launching their coverage with a bullish rating. The aerospace and satellite company, which held 18,712 bitcoin BTC$63,942.17 as of March 31, went public in June, raising $75 billion in one of the year’s largest IPOs. Shares were priced at $135 in the offering. The stock was trading at $150.93 on Tuesday, down more than 6% from recent post-listing highs but still above its IPO price. The two lead underwriters, Goldman Sachs and Morgan Stanley, both initiated coverage with buy-equivalent ratings. Goldman analyst Eric Sheridan set a price target of $205, while Morgan Stanley’s Adam Jonas assigned a $300 target. They were joined by analysts at Bank of America, Citigroup, Deutsche Bank,
The post ‘True Tokens Exist’: Solana Founder Yakovenko Rejects Myth That Only Bitcoin Has Value appeared on BitcoinEthereumNews.com.
A new round of debate is gaining momentum on X over why investors should hold base-layer network tokens at all. In the crypto community, the view has taken hold that only Bitcoin has established itself as a valuable asset, while all other tokens are just attempts to build technology platforms that cannot retain value and do not provide compound returns. Solana founder Anatoly Yakovenko tried to put an end to the latest discussion in a new post, explaining why this myth is wrong and why there are “true tokens” on the market with a fundamentally different form of ownership. Why holding ‘true tokens’ isn’t useless: Solana’s Yakovenko explains According to Yakovenko’s logic, traditional stocks provide only legal rights, which any government can freeze with a single click. In contrast, the head of Solana points to infrastructure tokens, which provide not paper
The post BlackRock breaks ETF drought as Bitcoin flashes fresh rally signal appeared on BitcoinEthereumNews.com.
BlackRock’s iShares Bitcoin Trust has recorded its strongest inflow in weeks, helping lift total U.S. spot Bitcoin ETF demand to $265.7 million and adding fresh support to Bitcoin’s latest recovery. Summary BlackRock’s IBIT attracted $209.4 million, lifting total U.S. spot Bitcoin ETF inflows to $265.7 million. Two straight days of ETF inflows have improved market sentiment as Bitcoin trading activity picked up sharply. BIT says favorable July seasonality and the upcoming CLARITY Act deadline could support Bitcoin’s next move. According to data from Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) attracted $209.4 million in net inflows on July 7, ending a prolonged period of muted activity and intermittent outflows. The renewed demand helped total net inflows across U.S. spot Bitcoin exchange-traded funds reach $265.7 million, extending the market’s positive stre
