BTC Rejected at $65K: Is $62.5K Support Next?

The post Solana Eyes $100 After Breaking BTC Downtrend appeared on BitcoinEthereumNews.com. Solana trades near $80 as SOL/BTC breaks a year-long downtrend, with $84.78 resistance and $100 target in focus. Solana traded near $80.79 after gaining 0.58% over the past 24 hours. The move came as buyers returned after weeks of heavy selling. The token also showed strength against Bitcoin after breaking a year-long downtrend. Analyst Michaël van de Poppe said SOL remains in an uptrend against BTC. Institutional inflows, stronger network activity, and improving chart signals supported the recovery. Traders are now watching whether SOL can move toward the $100 level. Solana Stabilizes After Heavy Selling Solana traded near $83 on February 17, according to CoinMarketCap data. The weekly move was mostly flat, but it marked a steadier close after steep losses.  The token had weakened for several weeks before buyers returned near lower price levels. The Solana ecosystem also showed a rise in total

The post Bitcoin Futures Demand Turns Positive While a $63B Cash Problem Won’t Budge appeared on BitcoinEthereumNews.com. Bitcoin futures demand flips positive as CryptoQuant flags a bull setup, but exchange stablecoin reserves near $63.2B say the cash to fund it keeps leaving. The cash sitting on exchanges keeps thinning out. That would normally end the conversation. Bitcoin futures demand apparently decided otherwise. Futures positioning for BTC has flipped positive, according to a CryptoQuant QuickTake published this week. The shift came from a sharp burst of upward pressure in derivatives, the analyst wrote, arguing the market sits on the verge of a real bull run. Bold call. Spot demand is still slightly negative. Source: CryptoQuant The $63 Billion Question Hanging Over Exchanges A separate CryptoQuant analysis is far less convinced. ERC-20 stablecoin reserves across all exchanges have slipped to roughly $63.2 billion. The 100-day moving average has rolled over too, meaning the bu

Solana trades near $80 as SOL/BTC breaks a year-long downtrend, with $84.78 resistance and $100 target in focus. Solana traded near $80.79 after gaining 0.58% over the past 24 hours. The move came as buyers returned after weeks of heavy selling. The token also showed strength against Bitcoin after breaking a year-long downtrend. Analyst Michaël […] The post Solana Breaks Year-Long BTC Downtrend as Bulls Target $100 Soon appeared first on Live Bitcoin News.

Bitcoin futures demand flips positive as CryptoQuant flags a bull setup, but exchange stablecoin reserves near $63.2B say the cash to fund it keeps leaving. The cash sitting on exchanges keeps thinning out. That would normally end the conversation. Bitcoin futures demand apparently decided otherwise. Futures positioning for BTC has flipped positive, according to a […] The post Bitcoin Futures Demand Turns Positive While a $63B Cash Problem Won’t Budge appeared first on Live Bitcoin News.

The post Bitcoin Price Update: Bulls and Bears Both Get Tested as Market Eyes $60,000 Support appeared on BitcoinEthereumNews.com. The post Bitcoin Price Update: Bulls and Bears Both Get Tested as Market Eyes $60,000 Support appeared first on Coinpedia Fintech News Bitcoin was sitting under pressure around $61,200 when it suddenly reversed and shot all the way up to $64,600 in a sharp, fast move that took most traders by surprise. Before that bounce, a wave of buyers got wiped out at the bottom. Their positions were forcibly closed, clearing the way for the price to … Source: https://coinpedia.org/news/bitcoin-price-update-bulls-and-bears-both-get-tested-as-market-eyes-60000-support/

Hyperscale Data's aggressive Bitcoin accumulation strategy diversifies its investment portfolio, but increases exposure to market volatility. The post Hyperscale Data buys 50.65 Bitcoin, pushing total holdings to 899.65 BTC appeared first on Crypto Briefing.

The post Bitcoin Records Worst June in Four Years – Is a Cyclical Bottom in Play? appeared on BitcoinEthereumNews.com. With BTC reclaiming the $60,000 level on July 1, market experts believe the plunge may have been a failed breakdown rather than a sustained leg lower. On-chain data has confirmed that June was a painful month for bitcoin (BTC), but beyond the price weakness, both spot demand and institutional flows faltered. Due to last month’s performance, there is speculation that the market may be nearing a cyclical bottom, but this remains unconfirmed. In the meantime, analysts at the crypto exchange Bitfinex revealed in this week’s Bitfinex Alpha that historical data suggests that July could be better for BTC. However, a seasonality dynamic will not be able to sustain a recovery for BTC this month – the asset needs sustained spot and institutional demand. Worst June in 4 Years BTC fell to a fresh cycle low of $57,800 last month, marking the worst June since 2022 and the second-w

BTC faces $62,500-$62,800 support after rejection near $65K, with $60K in view if the daily close breaks lower. Bitcoin has moved back into focus after a rejection from the $64,500 to $65,000 resistance zone, where buyers failed to secure a clean breakout above the recent local high near $64,700. The move followed a short-side take-profit […] The post BTC Rejected at $65K: Why $62.5K Is the Make-or-Break Level Today for Bulls appeared first on Live Bitcoin News.