Bitcoin downward pressure ‘abated’ as sell-side markets shrink
Bitcoin’s price may not experience significant downward movement in the short term, as sell-offs on crypto exchanges are “shrinking at a rapid pace,” Bitfinex analysts say. Go to Source
James Check
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Bitcoin tumbles will be ‘less abrupt’ after realized profit drops 76%
Bitcoin’s daily realized profit metric has fallen 76% after the initial hype about $100,000 Bitcoin began to wane off, according to crypto analysts. Go to Source
Bitcoin could drop 20% if moves stay tied with M2 money supply: Analyst
An analyst says Bitcoin’s correlation with the global M2 suggests it could imminently drop 20%, but not all observers agree. Go to Source
Bitcoin now has $1T ‘market cap lead’ over ETH amid $68K price
Bitcoin has surpassed Ethereum’s market capitalisation by over $1 trillion and one crypto analyst pointed out it is a new all-time high “for the spread.” Go to Source
Crypto market sentiment not as bullish as ‘echo chamber’ suggests, trader says
A crypto trader argued that it is easy for crypto market participants to be “convinced sentiment is one way or the other,” while claiming that the sentiment is not “that bullish currently.” Go to Source
Bitcoin price must leave $60K range ‘to re-awaken supply’ — Market analyst
Bitcoin’s consolidation around $60,000 has investors sidelined, with a new price range needed to spark activity, according to an analyst. Go to Source
Altcoins need ‘substantial bull market’ to avoid VC funding drought: Analyst
A “substantial bull market” is needed to avoid VC funds drying up after too much money was allocated to funds “clearly underperforming benchmarks,” a crypto analyst says. Go to Source
Altcoin season hasn’t arrived because everyone jumped ‘straight to the punchline’
A crypto analyst says that we haven’t seen this altcoin season because traders keep buying memecoins too early. Go to Source
Bitcoin miners are treading water, but no alarms of a ‘total firesale’
Bitcoin miners are not “full-scale bear market level capitulating,” according to a crypto analyst. Go to Source
Bitcoin is facing a rare ‘extended level’ of FUD on X: Santiment
Santiment’s Bitcoin social sentiment indicator has been flashing red as the price of Bitcoin has been hovering around the $65,000 mark. Go to Source
