Chance of new Bitcoin lows ‘extremely slim’ as long-term holders’ supply tops 15M BTC
Data suggest Bitcoin’s chance of dropping below $60,000 again is slim to none, thanks to longer-term investors holding more than 71% of the asset’s total supply.
Bitcoinist·
The current Bitcoin price weakness has triggered confusion across the crypto market after a prominent analyst on X pointed to massive BTC outflows from major trading and custodial platforms. The claims surfaced at a time when overall market sentiment is still leaning bullish, creating a sharp disconnect between optimism and price action. Bitcoin Price Faces […]
Read full articleData suggest Bitcoin’s chance of dropping below $60,000 again is slim to none, thanks to longer-term investors holding more than 71% of the asset’s total supply.
A crypto analyst is urging traders and investors to keep a close eye on a bearish Order Block (OB) level on the Bitcoin (BTC) price chart. According to the expert, this OB level sits within a critical zone near $90,000, which could determine BTC’s next directional move, with the cryptocurrency either continuing to the upside or experiencing a sharp rejection toward lower levels. With Bitcoin currently trading around $77,000, a positive reaction to this OB level could open the door for a fresh price rally. Bitcoin’s Bearish OB Level Signals Make Or Break Zone A TradingView crypto analyst known as ‘Fullpriceaction’ has shared a fresh Bitcoin analysis, predicting a bearish and bullish price outlook depending on how the leading cryptocurrency reacts to a critical level. The analyst described this area as a “bearish OB level,” which is a price zone where large institutional players such as hedge funds, market makers, and banks placed heavy sell orders before a significant price drop. Relat
Iran's use of digital currencies for tolls in the Strait of Hormuz challenges global diplomacy, impacts energy prices, and pressures crypto regulation. The post Rubio warns Iran’s Hormuz tolling system would kill diplomatic deal as Tehran collects fees in Bitcoin and USDT appeared first on Crypto Briefing.
A crypto analyst has revealed that Bitcoin (BTC) is repeating a historical “fakeout” pattern that has led to new all-time highs each four-year cycle. According to the analyst, if this theory holds, this cycle could see the BTC price crash to new lows before initiating an upside recovery. While the chart structure mirrors this past […]
The recovery highlights enhanced law enforcement capabilities in crypto, reinforcing the legitimacy and security of regulated custody solutions. The post Irish authorities recover another 500 Bitcoin from drug dealer Clifton Collins, totaling 1,000 BTC worth $73M this year appeared first on Crypto Briefing.
Outspoken billionaire Mark Cuban is disappointed with Bitcoin's performance, and said he's parted ways with most of the BTC in his portfolio.
Cuban's Bitcoin exit highlights the fragility of its hedge narrative, potentially weakening institutional confidence and shifting focus to Ethereum. The post Mark Cuban calls Bitcoin a disappointment after dumping most of his holdings appeared first on Crypto Briefing.
Bitcoin options open interest on Deribit has reached $31.3 billion, overtaking BlackRock’s IBIT ahead of a $6.25 billion expiry. Deribit’s Bitcoin options open interest climbed to $31.3 billion on May 21, overtaking BlackRock’s IBIT at $27 billion. The reversal comes…