Crypto Biz: Nobody told Saylor ‘never sell’
Strategy’s Bitcoin sale challenged the “never sell” narrative, while JPMorgan attacked CLARITY and Capital B pursued a huge fundraising plan for BTC.
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Bitcoin has spent the better part of the past several weeks delivering a painful lesson to bulls. The largest cryptocurrency by market capitalization has shed more than 22% over the past month, slicing through support levels that many traders had considered established. Bitcoin is still trapped below a descending trendline, and the current structure still favors sellers unless price can reclaim important resistance levels. However, technical analysis projection leaves room for a recovery move if Bitcoin breaks out of the bearish trend and starts building momentum above confirmation levels. Bitcoin Inside A Bearish 4-Hour Structure Bitcoin’s 4-hour chart shows price action moving inside a bearish structure, with lower highs and lower lows forming under a descending resistance line since the swing high above $82,800 in May. The rejection from that swing high has now pushed Bitcoin below a weak low / liquidity sweep at $66,000, and the chart’s break of structure and change of character la
Read full articleStrategy’s Bitcoin sale challenged the “never sell” narrative, while JPMorgan attacked CLARITY and Capital B pursued a huge fundraising plan for BTC.
A crypto market expert has shared a grim Bitcoin (BTC) forecast, warning that a major price crash could be on the horizon for the leading cryptocurrency. The analyst noted that Bitcoin’s recent break below a critical support level may have opened the door for a deeper decline that could potentially send its price to much […]
Michael Saylor has urged Bitcoin supporters to balance purity, adoption, innovation, and stability as the asset trades near its weakest levels in almost two years. Saylor, writing in a Friday post on X, said Bitcoin’s future should not depend on…
Grayscale says Strategy sold 32 BTC on June 1 as pressure on its leveraged Bitcoin model fuels market volatility. Strategy’s Bitcoin model is facing fresh market questions after Grayscale Research said the firm sold 32 BTC on June 1. The sale was small compared with its total holdings, but Zach Pandl said pressure on the […] The post Is Strategy’s Leveraged Bitcoin Model Starting to Crack? appeared first on Live Bitcoin News.
ArXiv study finds a 2.58 p.p. carry wedge between IBIT options and CME futures. CME’s 24/7 switch and Nasdaq’s QBTC plans may shift frictions.
Bitcoin’s June correction is now being accompanied by a sharp rise in whale deposits to Binance, according to CryptoQuant analyst Darkfost, reviving a pattern last seen during the market’s February stress event. The data suggests that large holders are moving more BTC back onto the exchange as the selloff deepens, potentially adding near-term supply pressure. Darkfost said Bitcoin is down 14% in June, with the decline accelerating over the past several days. That move has pushed some investors into a more defensive posture, particularly large entities moving sizable amounts of BTC. In the analyst’s framework, whales are defined as entities executing transactions above 100 BTC, or more than $6 million at current prices. The most visible change has occurred on Binance. According to the post, whale inflows to the exchange reached approximately 8,200 BTC on June 2, followed by more than 6,400 BTC on June 4. More importantly, the trend has also shifted on a monthly basis: average whale infl
Bitcoin's dip highlights the impact of strong US economic data on cryptocurrency markets, emphasizing the dollar's dominance over riskier assets. The post Bitcoin briefly falls below $60K for the first time since October 2024 appeared first on Crypto Briefing.
BTC's price dropped below $60K for the first time in almost two years.