Institutional investors just sold an overall total of $1.07 billion in Bitcoin and crypto assets in one week, according to a new update from CoinShares. The outflows are the first negative result in seven weeks and the third-largest weekly outflow of the year. Bitcoin drove most of the selling with $982 million in outflows. Ethereum […]
The post Institutional Investors Sell $1,070,000,000 in Bitcoin and Crypto Assets in One Week, Ending Streak of Inflows: CoinShares appeared first on The Daily Hodl.
Ethereum price started a fresh decline and traded below $2,120. ETH is now consolidating above $2,050 and might struggle to recover. Ethereum remained in a bearish zone after a sharp decline. The price is trading below $2,165 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,200 zone. Ethereum Price Consolidates Losses Ethereum price failed to remain stable above $2,200 and started a downside correction, like Bitcoin. ETH price dipped below the $2,165 and $2,150 levels. The price even traded below $2,020. A low was formed at $1,914 on Kraken, and the price is now attempting to recover most losses. There was a recovery wave above the 61.8% Fib retracement level of the downward move from the $2,198 swing high to the $1,914 low. Ethereum price is now trading below $2,165 and the 100-hourly Simple Moving Average. Beside
Learn what the difficulty bomb is, how it works, why it matters for Ethereum users and traders, and real-world examples of how it has been used.
The post Difficulty Bomb Explained: What It Is And How It Works appeared first on BiteMyCoin.
The analyst believes that one of the reasons ether has been under selling pressure is linked to the conflict in the Middle East and the subsequent rise in oil prices. To Lee, this is “short tactical noise,” and prices should be stronger later this year. Fundstrat’s Tom Lee Predicts Stronger ETH Prices After Middle East […]
Bitcoin has lost the $78,000 level as selling pressure intensifies and the market faces a wave of uncertainty that has reversed weeks of carefully built recovery momentum. The decline is not gentle — and a CryptoQuant analysis tracking Binance order flow has identified the specific mechanics behind the move that separate this sell-off from routine […]
Ethereum has lost the $2,150 level as selling pressure reasserts itself, and the market faces a wave of uncertainty that has erased weeks of cautious recovery. The decline has a specific origin that CryptoQuant data has now made visible — and understanding it changes how the current weakness should be interpreted and what it might […]
Ethereum has lost the $2,150 level as selling pressure and market uncertainty combine to erase the recovery that had been building since the February lows. The decline is not gradual — it has the character of a market meeting supply that was positioned and waiting. CryptoOnchain data has identified the origin of that supply, and the picture it reveals is more alarming than a routine price correction. Related Reading: XRP Leverage Expansion Raises Risks Near $1.50 Resistance – A Big Move May Follow In a single day, more than 225,000 ETH was deposited to Binance — the largest net inflow the exchange has recorded in the past six months. The 7-day moving average of exchange netflow has skyrocketed to levels not seen since late 2022, a period that most participants in the Ethereum market remember as one of its most difficult phases. When that specific indicator reaches these levels, it is not describing routine portfolio management. It describes large holders making deliberate, consequentia
