Canadian Billionaire: Crypto Can Be Seized, It’s Not Digital Gold

The post Bitcoin Is At ‘Pivotal Level’ As $65K Downside Risk Looms: Analyst appeared on BitcoinEthereumNews.com. Bitcoin could fall toward its February yearly low if it fails to maintain support above the $70,000 level, according to a crypto analyst. “Bitcoin is at a pivotal level, and if it doesn’t hold, we’re buying at <$65K,” MN Trading Capital founder Michael van de Poppe said in an X post on Saturday. Bitcoin (BTC) reached a yearly low of $60,000 in early February before recovering to $73,873 at the time of publication, according to CoinMarketCap. It comes as crypto market participants are divided over whether Bitcoin’s early February price of $60,000 marked the bottom of the cycle, or if further downside still lies ahead. Bitcoin may break above $76,000 if the current level holds Veteran trader Peter Brandt said in March that $60,000 may not be the lowest level for 2026, forecasting that Bitcoin could retest or even move “slightly lower” than the price level in September or Octob

The post Bitcoin Price Prediction: Caught Between $72K & $76K; Leverage Builds appeared on BitcoinEthereumNews.com. Bitcoin is trading near $74,000 as high leverage clusters around $72,000 and $76,000 on CW’s liquidation heatmap. At the same time, BTC sits near its bull market support band, with major weekly moving averages rising below price. Bitcoin Price Holds Near $74K as Leverage Builds at $72K and $76K Bitcoin traded near $74,000 on the CoinAnk liquidation heatmap shared by CW on X, while high leverage positions clustered around $72,000 and $76,000. The chart shows BTC falling from the $77,000 to $78,000 area before stabilizing near $74,000. After the drop, price moved sideways between the two major liquidity zones. Bitcoin High Leverage Liquidity Map. Source: CW on X The brightest heatmap bands appear near $72,000 and $76,000. These areas show where large leveraged positions may face liquidation if price moves sharply in either direction. CW said movements to liquidate these pos

The post Bitcoin ETFs Lose $2.9B as BTC Tests $76K appeared on BitcoinEthereumNews.com. Bitcoin ETFs post $2.9B in 10-day outflows as USDT market cap drops $1.2B before BTC approaches the $76.3K resistance test. Bitcoin exchange-traded funds recorded heavy redemptions through May 29, as spot Bitcoin ETF flows turned negative for 2025. The reported $2.9 billion exit came during ten straight days of outflows. Market attention also moved to Tether, after USDT market value fell by $1.2 billion in 24 hours. Traders are now watching whether Bitcoin can retest the $76,300 area, or face renewed selling pressure. Bitcoin ETFs See Ten Days of Outflows Spot Bitcoin ETFs lost $2.9 billion across ten straight trading days through May 29. The largest daily exit came on May 27, when redemptions reached $733 million. The selling was led by BlackRock’s IBIT, according to the market data shared. IBIT had earlier been one of the strongest drivers of Bitcoin ETF demand. Bitcoin ETFs shed $2.9 billion over

Bitcoin ETFs post $2.9B in 10-day outflows as USDT market cap drops $1.2B before BTC approaches the $76.3K resistance test. Bitcoin exchange-traded funds recorded heavy redemptions through May 29, as spot Bitcoin ETF flows turned negative for 2025. The reported $2.9 billion exit came during ten straight days of outflows. Market attention also moved to […] The post Bitcoin ETFs Lose $2.9B as Tether Signals Shift Before $76K BTC Test appeared first on Live Bitcoin News.

The post Bitcoin Holds $73K Pivot as Spot Buyers Defend Floor, Analyst Eyes $76K or $65K Move appeared on BitcoinEthereumNews.com. Bitcoin News Spot and futures volumes surged late this week as Bitcoin swept its range lows near $72,500, with dip buyers stepping in to defend the $70,000 zone amid heavy ETF selling pressure. ETF redemptions hit $1.42 billion last week, extending the prior week’s $1.26 billion in withdrawals and raising concerns that price could revisit the $60,000-$70,000 band that constrained Bitcoin from February through April. Aggregated spot volume data suggests buyers are not yet dominant against the outflows, but coordinated bidding around key support has so far prevented a deeper capitulation move below the floor. Open interest heatmap data reveals roughly $300 million in newly opened leveraged long positions concentrated in the $73,000 to $74,000 zone, signaling that derivatives traders are willing to take directional risk at current levels. The buildup creates a

The post Bitcoin Profit-Taking Cascade Could Extend Bear Market To Early 2027, CryptoQuant Warns appeared on BitcoinEthereumNews.com. Bitcoin investors hoping for a quick trend reversal are running out of near-term catalysts. A new on-chain update from CryptoQuant lays out a profit-taking cascade that has been grinding downward since October 2025. If the historical pattern holds, the bearish phase may not break until early 2027. Ki Young Ju, CryptoQuant’s founder, pointed to a typical 18-month decline in investor profit and loss after a cascade begins. With the trend flipping in October 2025, the math places the cycle low somewhere around April 2027. The market is still deep inside the window where realized profits keep falling and unrealized profits remain elevated—a combination that has historically suppressed sustained recoveries. Profit-Taking Cascades and the 18-Month Cycle A profit-taking cascade isn’t just a short-term sell-off. It marks a phase where rising costs and shrinking

The post Mounting Uncertainty as Cardano Teeters on a Knife-Edge appeared on BitcoinEthereumNews.com. Cardano (ADA) is grappling with volatile market conditions that have resulted in considerable price fluctuations. After weeks of trading beneath a key support level, a fresh surge of anxiety emerges as the monthly close draws near, positioning the cryptocurrency at a critical juncture. Continue Reading:Mounting Uncertainty as Cardano Teeters on a Knife-Edge Source: https://en.bitcoinhaber.net/mounting-uncertainty-as-cardano-teeters-on-a-knife-edge

The post Billionaire says crypto seizure risk weakens Bitcoin’s gold case appeared on BitcoinEthereumNews.com. Canadian billionaire Frank Giustra has challenged Bitcoin’s “digital gold” label again, arguing that crypto can still be traced and seized by governments. Summary Frank Giustra said crypto can be traced and seized, weakening Bitcoin’s digital gold claim. His comments followed US claims of nearly $1 billion in Iran-linked crypto seizures. The debate comes as governments hold seized Bitcoin and increase blockchain enforcement actions. Giustra made the comments after U.S. Treasury Secretary Scott Bessent discussed the seizure of nearly $1 billion in cryptocurrency linked to Iran. The remarks renewed debate over whether Bitcoin can serve as a safe-haven asset like gold. The mining financier and gold advocate argued that crypto’s public ledger leaves holders exposed to state action. In his view, blockchain records make digital assets easier to trace than physical gold. His comment