Bitcoin is entering another decisive period after spending recent months trading inside a higher-timeframe ascending range. Technical analysis of the daily chart setup shows the Bitcoin price moving inside an ascending channel structure, but the structure is becoming more dangerous as the cryptocurrency is now approaching its lower boundary. Bitcoin’s Ascending Channel Is Starting To […]
Bitcoin carried nearly all of May’s inflows. Monthly flows into crypto treasury companies dropped to $180 million for the month, the weakest level since October 2024, and Bitcoin-linked firms accounted for almost all of it with $177 million. Smaller additions went to ZCash, Story and Sui, while Litecoin posted a $1.89 million outflow. The fall was steep. May’s total was down 95% from April’s $4.4 billion and about 93% below the monthly average from January through May, after March and April each cleared $4 billion. Related Reading: Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns From Election Surge To Slower 2025 The latest drop comes after a sharp burst of buying late last year, when DAT inflows climbed past $12 billion after the 2024 US election results and a friendlier policy backdrop. DefiLlama’s figures show the trend then cooled through 2025, staying below $10 billion a month until late summer before slipping again. That left treasury firms with a tougher pitch. The
Bitcoin price started a fresh decline below the $70,000 zone. BTC is consolidating and might continue to move down if it dips below $66,000. Bitcoin failed to stay above $70,500 and extended losses. The price is trading below $70,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $67,500 and $68,500 levels. Bitcoin Price Nosedives Bitcoin price failed to stay above the $72,000 support zone. BTC remained in a bearish zone and extended losses below the $70,500 level. There was a move below the $70,000 level. The price even dipped below $67,200. A low was formed at $66,111 and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $74,070 swing high to the $66,111 low. Bitcoin is now trading below $70,000 and the 100 hourly simple moving avera
Bitcoin has slipped below $72,000, triggering fresh concerns across the market after Strategy reported its first BTC sale in years. The development quickly attracted attention across the crypto market, as the company led by Michael Saylor has long been viewed as one of BTC’s most committed corporate holders. Strategy’s Massive Bitcoin Stockpile Continues To Dominate Headlines Bitcoin has dropped below the $72,000 level after confirmation that Michael Saylor’s Strategy has executed its first BTC sale in over three and a half years. An analyst known as Bull Theory on X highlighted that the reported sale involved just 32 BTC, valued at approximately $2.5 million, a relatively small transaction compared to Strategy’s massive holdings. Related Reading: Strategy Sells Bitcoin For First Time Since 2022 Tax-Loss Trade Historically, the company has demonstrated a similar approach. In December 2022, Strategy sold 704 BTC to realize a tax loss, only to repurchase 810 BTC just two days later. Ear
Bitcoin has lost the $69,000 level as selling pressure intensifies and the market faces a wave of uncertainty that has erased weeks of recovery progress in a compressed timeframe. The breakdown is significant — and CryptoQuant data has identified a development in the on-chain flow data that adds a specific and historically significant supply dimension to the current weakness. Related Reading: HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green On June 2, Mt. Gox-linked wallets recorded a sharp negative balance change with 10,300 BTC leaving the tracked address cluster within a matter of hours. The movement marks the first major spike in net negative balance change for the Mt. Gox wallet cluster since March 11, 2025 — making this the most significant Mt. Gox-related on-chain event in over a year and a half. The Mt. Gox context carries weight that other large wallet movements do not. The coins associated with the collapsed exchange represent a known and documented s
Strategy sold 32 Bitcoin to fund preferred stock distributions, signaling a shift toward active treasury management. The sale differs from the 2022 defensive move, marking Bitcoin’s evolution into a functional corporate financial tool. Retail investors can now mirror institutional strategies through platforms offering staking, lending, and structured savings products. Strategy’s sale of 32 bitcoin for […]
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Clear, neutral overview of Vela Exchange, its token utility, ecosystem role, risks, and practical considerations for traders and investors.
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