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…
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…
Bitcoin (BTC) prepares to exit a grim November just above $16,000 — what could be on the menu for BTC price this week?In a time of what analyst Willy Woo has called “unprecedented deleveraging,” Bitcoin is far from out of the…
Bitcoin (BTC) millionaires are becoming an increasingly rare breed as numbers fall 80% in a year.According to the latest data from on-chain analytics firm Glassnode, there are now just 23,000 wallets with a BTC balance worth $1 million or more.1 year,…
Bitcoin (BTC) has spent over a year in a downtrend since its $69,000 all-time highs in November 2021.BTC price performance has given investors up to 77% losses, but how much lower can BTC/USD really go?Bitcoin traders and analysts have long agreed…
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…
Bitcoin (BTC) may follow stocks on a “massive bull run” as the weekly chart delivers a unique sign of strength.The latest analysis from several well-known crypto names suggests it is time to give up the bear market narrative.Despite everyone talking about…
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…
Bitcoin (BTC) exchanges may have just seen the largest exodus of user funds ever, data suggests.Data from on-chain analytics firm Glassnode shows that on Nov. 23, major exchanges were down almost 179,000 BTC in monthly withdrawals.Major exchanges see record BTC withdrawalsWith…
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…
Bitcoin (BTC) hodlers may need to triple their on-chain losses for BTC price to put in a macro low.According to market research firm Baro Virtual, the 2022 bear market is not yet harsh enough to match historical downtrends.Bitcoin losses “only” total…
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…
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…
Bitcoin (BTC) held steady at the Nov. 21 Wall Street open following a weekly close at levels not seen since late 2020.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering above $16,000 after dipping…
Bitcoin (BTC) starts a new week still replaying November 2020 after its lowest weekly close in two years.The largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the…
The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount.The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over the defunct exchange FTX.FTX woes see…
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…
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…
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…
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…
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…
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…
If FTX is sparking new Bitcoin (BTC) bear market lows, BTC price action has further to fall to match Mt. Gox.Data from on-chain analytics firm Glassnode confirms that the “Mt. Gox bear market” almost a decade ago still beats the 2022…
Bitcoin (BTC) miners may be sending more BTC to exchanges this month — but overall, their sales have crashed since 2020.Data from on-chain analytics platform CryptoQuant confirms that daily miner transfers to exchanges have decreased by two-thirds or more.Miners cool BTC…
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…
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…
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…
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,…
Bitcoin (BTC) investors are withdrawing funds from exchanges at a rate not seen since April 2021 with nearly $3 billion in Bitcoin withdrawn over the past seven days.New data from on-chain analytics firm Glassnode shows the number of wallets receiving BTC…
Bitcoin (BTC) will recover from the FTX “black swan event” just like other setbacks, trading team Stockmoney Lizards believes.In a tweet on Nov. 12, the popular commentator argued that the week’s events were actually nothing new for Bitcoin.FTX "a real black…
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…
