Bitcoin capitulation 4th-worst ever as BTC hodlers lose $10B in a week

Bitcoin (BTC) hodlers have capitulated more than at almost any point in Bitcoin’s history this month.Data from on-chain analytics firm Glassnode confirms that the November 2022 BTC sell-off was the fourth-largest ever.Bitcoin investors see multi-billion-dollar lossesIn the latest edition of its weekly…

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Bitcoin shrugs off BlockFi, China protests as BTC price holds $16K

Bitcoin (BTC) held crucial $16,000 support into Nov. 29 as bulls weathered ongoing FTX fallout and macro triggers.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader teases BTC long as $16,500 reappearsData from Cointelegraph Markets Pro and TradingView confirmed BTC/USD leaving lower levels…

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Bitcoin’s new ‘worst case scenario’ puts BTC bear market bottom near $6K

Bitcoin (BTC) still risks a drop to below $7,000 in this bear market, the latest worst-case scenario prediction warns.In its latest livestream broadcasted on Nov. 24, trading platform DecenTrader revealed targets for a BTC price bottom.Analyst flags “oldschool, rock-hard support” for…

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Bitcoin price still due $12K dip, says trader as ETF guru backs GBTC

Bitcoin (BTC) stayed undecided on Nov. 24  as one trader reinforced a $12,000 BTC price target.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price "main target" for bottom $12,000-$14,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $16,500 as an eerie…

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BTC price holds $16K as analyst says Bitcoin fundamentals ‘unchanged’

Bitcoin (BTC) lingered near $16,500 at the Nov. 23 Wall Street open as United States markets awaited Thanksgiving cues.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGrayscale, GBTC still dominate crypto moodData from Cointelegraph Markets Pro and TradingView showed BTC/USD shunning volatility after…

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Bitcoin price returns to $16K amid warning over BTC whale selling

Bitcoin (BTC) headed higher into the Nov. 22 Wall Street open after setting another two-year low.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewThanksgiving buywall appears at $12,000Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recrossed the $16,000 mark, having…

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Cathie Wood’s ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows

Bitcoin (BTC) firms’ shares are a major “buy” for asset manager ARK Invest in the midst of the FTX meltdown.The latest data confirms that ARK continues to up its holdings of both exchange Coinbase (COIN) and the Grayscale Bitcoin Trust (GBTC).Cathie…

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Bitcoin sees record Stock-to-Flow miss — BTC price model creator brushes off FTX ‘blip’

Bitcoin (BTC) is now further than ever from its target price according to the Stock-to-Flow (S2F) model.The latest data shows that BTC/USD has deviated from planned price growth to an extent never seen before.Stock-to-Flow sets grim new recordWith BTC price suppression…

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Bitcoin price may still drop 40% after FTX ‘Lehman moment’ — Analysis

Bitcoin (BTC) saw a fresh rejection at $17,000 on Nov. 18 as nervous markets weathered more FTX fallout.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC gets a $12,000 price targetData from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to flip $17,000…

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Binance sees record 138K BTC inflows as opinions differ on what Bitcoin price will do next

Bitcoin (BTC) inflows to largest exchange Binance just saw a giant spike reminiscent of the 2018 bear market capitulation.Data from on-chain analytics platform CryptoQuant shows that on Nov. 18, a giant tranche of almost 60,000 BTC entered Binance’s wallet.Exchange inflows highest…

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Bitcoin price target now $13.5K as BTC trader says ‘exit all the markets’

Bitcoin (BTC) ranged around $16,500 on Nov. 17 as markets digested the latest events surrounding exchange FTX.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFTX CEO tells of “complete failure of corporate controls”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD seeing only…

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US crypto exchanges lead Bitcoin exodus: Over $1.5B in BTC withdrawn in one week

Bitcoin (BTC) has flooded out of exchanges in the past week as users become wary of security and regulatory scrutiny.Data from on-chain monitoring resource Coinglass shows United States exchanges in particular seeing heavy BTC balance reductions.U.S. exchanges lead BTC exodusIn the…

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Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC

Bitcoin (BTC) fell to intraday lows after the Nov. 16 Wall Street open as the FTX scandal appeared to claim another victim.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGenesis Trading liquidity "exceeded"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading around…

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Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’

Bitcoin (BTC) spiked to $17,000 at the Nov. 15 Wall Street open as fresh United States economic data continued to show inflation cooling.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“Good” PPI boosts risk assetsData from Cointelegraph Markets Pro and TradingView followed BTC/USD…

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BTC losses get real as Bitcoin SOPR metric hits lowest since March 2020

Bitcoin (BTC) sellers are nursing their largest overall losses since March 2020, one on-chain metric suggests.Data from on-chain analytics firm Glassnode confirms that Bitcoin’s spent output profit ratio (SOPR) has now fallen to two-year lows.BTC on-chain losses mountAs Bitcoin holders attempt…

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Edward Snowden says he feels ‘itch to scale back in’ to $16.5K Bitcoin

Bitcoin (BTC) returned to $16,500 at the Nov. 14 Wall Street open as bulls tried and failed to break higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSnowden hints BTC price echoes March 2020Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging…

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Elon Musk says BTC ‘will make it’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week on shaky ground after its lowest weekly close in two years.The largest cryptocurrency considerably weakened after last week’s implosion of exchange FTX, continues to grapple with the fallout.In what is becoming an increasingly erratic market,…

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FTX ex-exec floats ‘cool token’ idea amid warning rebound may take years

Bitcoin (BTC) and cryptocurrency may “take years to recover” from the FTX scandal, one industry analyst warns.In a Twitter thread on Nov. 11, Filbfilb, co-founder of trading suite DecenTrader, said that the Terra debacle was itself still playing out.Filbfilb: “I’ve never…

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