Bitcoin Records $40B+ In Capital Outflows As ‘Humpback’ Whales Intensify Selling – Details
NewsBTC·- Bitcoin continues to face selling pressure, trading around $73,400, with bearish trends suggested by recent on-chain data. - The Realized Cap metric has declined by 3.63%, indicating capital outflows coinciding with Bitcoin's drop of over 20% from its previous high. - Additionally, large holders, or "Humpback Whales," have sold over 612,753 BTC, contributing to downward pressure, signaling a likely continued downtrend unless market inflows are restored.The Bitcoin ‘Dream Entry’ To Wait For Before The Run-Up To $300,000
NewsBTC·- A crypto analyst, Crypto Patel, has identified ideal Bitcoin accumulation zones, including entry points at $60,000, $45,000, and $35,000, ahead of a potential long-term price rally to $300,000 and $500,000. - He bases his strategy on Fibonacci retracement levels and an Inverse Head & Shoulders pattern, noting that while Bitcoin currently trades around $74,000, he sees buying opportunities as favorable. - The analyst projects that a rise to $200,000 could occur by late 2027, depending on market conditions, with the ultimate target of $500,000 reflecting a potential gain of over 580%.Bitcoin Could Hit Near $95,000 If It Holds Above This Critical Support, Top Analyst Says
NewsBTC·- Bitcoin (BTC) has declined nearly 5%, currently trading around $76,750 after failing to break the $83,000 resistance. - Market analyst Ali Martinez indicates that a rebound to $94,850 is possible if BTC maintains support above $72,960; losing this level could lead to a drop toward $54,270. - Martinez also noted rising Bitcoin funding rates, suggesting aggressive long positioning among derivatives traders, while outlining additional key support and resistance levels to watch.Bitcoin tops US$80,000 for three-month high as Asian stocks rise
Businesstimes News·- Bitcoin surged above US$80,000 for the first time in over three months, reaching US$80,393 in Singapore as Asian stocks neared record highs. - The rise followed strong corporate earnings in the technology sector and was influenced by mixed signals regarding the US-Iran conflict. - Institutional demand, along with optimism about potential US crypto legislation, has contributed to Bitcoin's recovery from earlier lows around US$60,000.