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Bitcoin falls below 63K after BTC whale transactions drop 42%

Bitcoin transactions worth $100,000 or above have significantly fallen over the past two days. Meanwhile, Bitcoin has just retraced below $63,000.

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Will $60K BTC Support Hold?

πŸ“‰ Bitcoin hits $62K, testing $60K support before monthly close.
πŸ‡ΊπŸ‡Έ US jobless claims, Q2 GDP, and PCE index releases could shake the market.
🐳 Whales are buying the dip - are they prepping for a bounce?
πŸ’° Fed liquidity hints at a possible BTC rebound.
🧐 Fear & Greed Index nears 2024 lowsβ€”will fear trigger a rally?

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AI tokens rally as NVIDIA slumps 13% from market cap peak

Despite Nvidia, one of the most talked-about stocks of the year, sharply falling in price, artificial intelligence crypto tokens are spiking.

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Bitcoin β€˜cascading long squeeze’ to blame for slump to $60K

An increasing number of traders entering new long positions was the β€˜fuel’ behind Bitcoin’s slump to $60,000, according to a Bitcoin analyst Willy Woo.

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πŸ“ˆ Bitcoin price must end June above $56.5K to defend uptrend

With major closes and high volatility expected, $56.5K is the critical support level. Watch RSI levels for growth potential.

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Bitcoin market update: Bull Trap or Bull Run?

🧐 BTC/USD has shown resilience, suggesting recent dips below $60K might have been bear traps.

πŸš€ Critical resistance at $64,000, which includes the 21-week moving average and short-term holder cost basis, remains the key barrier.

πŸ‡ΊπŸ‡Έ Upcoming U.S. unemployment data and Fed Chair Powell’s speech could inject volatility into the market.

⚑️ Despite a drop in hashrate, decreased miner selling pressure hints at improved profitability conditions.

πŸ’° The Crypto Fear and Greed Index is climbing, indicating a shift from fear to greed among investors.

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πŸ“ˆ Bitcoin circles $63K as liquidity sparks hopes of 40% BTC price gains

Bitcoin is consolidating near $63,000, buoyed by global liquidity trends. Analysts anticipate potential 40% price gains following June's downtrend, driven by optimistic market sentiment and tightening Bollinger Bands indicating potential volatility and breakout opportunities.

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Bitcoin gives up late June gains amid warning $60K holding is 'lucky'

Bitcoin is coming full circle to remove any trace of last weekend’s BTC price run-up, and liquidity is waiting below $60,000.

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πŸ“‰ Bitcoin price loses its 200-day trendline for first time in 10 months

Bitcoin drops through $58,000 as analysis highlights ongoing BTC seller interest throughout 2024.

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πŸ“‰Watch these Bitcoin price levels next as $52K supertrend risks failure

Bitcoin faces a battle to preserve its bull market as Mt. Gox reimbursements spark the biggest liquidation cascade in years.

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🚨 Bitcoin price risks 'double top' β€” 5 things to know this week:

πŸ“‰ Bitcoin's weekly close at a 4-month low sparks fears of further price drops.
😱 Crypto Fear & Greed Index dives into "extreme fear."
🐳 Many investors, including whales, are now underwater on its holdings.
🧐 Upcoming CPI, PPI data, and Fed Chair Powell's testimony may influence market trends.

β€œThere is mild panic in the market due to the small-scale sales of Mt.Gox/Govt coins, but no one is talking about the unrealized losses of STH whales, which currently equal 218K BTC. I have no idea what will happen to the market if they lose their nerve.”


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Price analysis 7/8: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

Bitcoin is facing intense selling pressure, but the positive divergence on the RSI suggests a recovery is possible in the near term.

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πŸ“ˆ Bitcoin battles to reclaim $60K

BTC surged to $59,459, as bulls target key resistance levels. Market experts note bullish divergences on RSI, predicting crucial moves between $58.4K and $60K. Will Bitcoin break $60K or face a pullback?

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Bitcoin speculators hodl 2.8M BTC in 'worst performing' price cycle

Bitcoin long-term holders are refusing to sell in the current BTC price cycle’s β€œdeepest correction.”

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πŸ’° Buying the dip?

Institutional investors added 100,000 $BTC ($5.7 billion) last week despite Bitcoin's price drops to multimonth lows.

According to CryptoQuant, entities holding 1,000 to 10,000 BTC have rapidly increased their exposure since early June.
This recent accumulation suggests strong institutional conviction, contrasting with March's ETF-driven inflows.

Meanwhile, short-term holders face significant unrealized losses, and overall market sentiment has dropped to "extreme fear."

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πŸ“ˆ Bitcoin weekly funding rate reflects investor caution, yet BTC price pushes higher

Bitcoin trades above $63,000 but the futures weekly funding rate shows pro traders are cautious.

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πŸ‘€ Bitcoin eyes Mt. Gox recovery amid warning over $BTC price dip to $58K

BTC price attempts to stabilize as traders warn of a possible return below Bitcoin buy support at $60,000.

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Traders eye $71.5K Bitcoin price as open interest jumps 13%

Bitcoin may be gearing up to move above $70,000 now it has reclaimed a critical level that traders have been closely watching for the past two months.

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β€˜Bullish narratives’ erupt as XRP surges 35% this week

XRP has surged 35% this week and some traders are anticipating a breakout moment, pointing to a long-term trend they’ve been observing on the price chart.

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πŸ“ˆ Bitcoin hit $66,000 on July 17, gaining 15% in under a week despite sell-side pressure from Mt. Gox-related coin movements.

Traders are optimistic but note significant resistance near all-time highs, with $100 million in asks up to $70,000 on Binance.

πŸ‡ΊπŸ‡Έ Market analysis suggests sustained buyer pressure is needed to push higher. U.S. spot Bitcoin ETFs saw $422 million in net inflows on July 16, reflecting strong investor interest.
Ethereum ETFs will have a bigger impact on ETH price: Bitwise

Bitwise Chief Investment Officer Matt Hougan says there are three reasons why Ether ETFs could drive the price of the asset, more than Bitcoin ETFs did for BTC.

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