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$BTC remains in a bearish market structure on the 1-hour time frame. However, a breakout above the $57K level would confirm a local higher high, potentially signalling the start of a new uptrend in the days or weeks ahead.
JUST IN: 🇯🇵 Japan's largest electricity company, Tokyo Electric Power, is reported to use renewable energy to mine Bitcoin.
According to historical data, cycle tops usually comes in ~1,064 days after the previous cycle bottom Right now we are just at the 658th day since the bottom (at 15.5k), meaning that we still have ~406 days to put in a cycle top
Watch the CME Gap carefully Right now sitting at 52,950$ Most of the time, these gaps tend to get filled...
The funding rates on Bitcoin have remained bullish for the last 381 days, meaning that bulls have been in control of the futures market ever since Interesting to see that during the 2022 bear market this metric went to negative and turned bearish, which caused price to drop
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$ETH must regain acceptance within the channel established since June 2022 for the bulls to maintain a chance of short-term upward momentum. There are signs that $ETH could be forming a higher low, which may signal the beginning of a recovery back into the channel. However, if…
Since September the 1st, 3 Binance whales have accumulated over $157M worth of $BTC
US Bitcoin ETFs had the longest streak of outflows, with a total of $1.18B wiped out in 8 days🩸 Will we manage to break this trend today?
NEW : Tether invests $100M in a Latin American agriculture company called Adecoagro, getting 9.8% stake in it
Last week, the US BTC Spot ETFs experienced a net outflow of -$706M This chart covers each week’s net flows since the ETF launch
BREAKING🇯🇵 : A sub-company to Japan’s largest power company, TEPCO, is mining Bitcoin using renewable energy
In which trajectory is $BTC headed for the week ahead? 🤔
Are you loading up on $SUI this weekend?
ATTENTION! The Most Unexpected Move on Bitcoin!!
BITCOIN PRICE COLLAPSE CONTINUES..
Since the Ethereum merge, $ETH has dropped 44% in value against $BTC in the ETH/BTC trading pair. This decline marks the most significant pivot top since the merge event.
What's your sentiments re: the market as we head into the weekend?
However, as the market downtrend continues, $BTC realised losses are increasing, with loss-taking events becoming more frequent and trade activity climbing. While these events haven't reached the extreme levels observed during the mid-2021 sell-off or the 2022 bear market, the…
We observe a sharp decline in $BTC realised profit after the $73K all-time high, suggesting that most coins spent since have secured progressively smaller profit margins.