Coinbase Premium Index plunges to -1,083% deviation as Bitcoin breaks $73K support, signaling US institutional exit and shifting supply to Binance. The cars were already gone, in a manner of speaking. By the time Bitcoin touched $73,000, the selling had been building for weeks inside data most traders never check. On-chain analytics platform CryptoQuant flagged […]
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Bitcoin plunged to a multiweek low of $72,395 before sharply rebounding past $74,000, ultimately stabilizing slightly under $74,000. The reversal was seemingly triggered by news of a tentative U.S.-Iran agreement to reopen the Strait of Hormuz. Bitcoin Reclaims $74,000 Following Intraday Dip On Friday, May 29, bitcoin reclaimed $74,000 just a few hours after it […]
Bitcoin has bounced back from the $70,000 zone multiple times in 2026, but analysts are warning that the next test of that level could end differently. A Line That Has Held Since 2017 The lower boundary of a rising wedge pattern — a trendline that first appeared as support in mid-2017 — has absorbed several sharp drops over the years. Bitcoin touched it during the FTX-driven crash of November 2022, when prices fell to $15,400, and the line held. It held again three times in the opening months of 2026, at $60,000 in February, then at $64,900 and $65,000 in March and April. Related Reading: Bitcoin’s 4-Year Rhythm Is Still Playing Out, Says Crypto CEO Crypto market commentator MichaelXBT brought renewed attention to the pattern after Bitcoin dropped below $74,000 for the first time in over a month. Based on his chart analysis, the support trendline now sits around the $70,000 mark, and a confirmed break below it would be historically significant. Bitcoin 10-Year Wedge Support: $70k If th
The massive liquidation highlights the risks of high leverage in volatile markets, potentially amplifying price movements and market instability.
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Strategy has shifted 411 bitcoin to Coinbase Prime in its first direct exchange deposit in nearly two years, driving Polymarket’s odds of a 2026 bitcoin sale by the company to 84%. Strategy’s Move Raises Sell Fears Strategy (formerly Microstrategy), the largest corporate holder of bitcoin, moved 411.48 BTC worth about $30.3 million into Coinbase Prime […]
CoinDesk finds Binance took 78% of net inflows as Glassnode flags weak spot breadth. Exchange tokens face flow and regulatory shocks, eroding their defensive status.
The US Commodity Futures Trading Commission (CFTC) announced Friday that it is allowing CFTC-registered exchanges to list a perpetual contract tied to the market’s leading crypto, Bitcoin (BTC). CFTC Ramps Up Crypto Perpetual Access In its announcement, the CFTC said the move creates a clearer path for liquid Bitcoin perpetual products to operate within US […]
Bitcoin diverges from stocks in May 2026 as ETF outflows and shrinking active addresses expose a liquidity crisis, not a market correlation. Stocks have been climbing since May 2026. Bitcoin hasn’t followed. The S&P 500 and Japanese equities trade near highs while BTC struggles to hold ground. Both assets carry the “risk asset” label. The […]
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