Bitcoin Drops Below $68K but Long-Term Holder Buying Accelerates
Analysts eye $65K-$66K support for a possible bounce, as surging exchange withdrawals and accelerated long-term holder buying support BTC’s recovery potential.
Analysts eye $65K-$66K support for a possible bounce, as surging exchange withdrawals and accelerated long-term holder buying support BTC’s recovery potential.
Bitcoin ETFs saw $171 million in outflows on Thursday, as holders feared the prospect of another weekend escalation in the US-Israel conflict with Iran.
Bitcoin whales accumulated more than 61,000 Bitcoin in the past month, while smaller wallets bought 213 coins, with analysts speculating the whales are getting ready for the next breakout.
Bitcoin revisits a key profitability zone near 50% as exchange inflows fall and realized profits drop, aligning with historical BTC accumulation phases.
Twenty One Capital, a BTC treasury company founded by longtime Bitcoin investor and advocate Jack Mallers, has become the second-largest BTC treasury business.
Mezo will allocate 2.25% of its token supply to Aerodrome users to support trading of its token and Bitcoin-backed stablecoin on Coinbase’s Base network.
The move follows lender efforts to recognize crypto in underwriting, potentially extending its role into mortgage financing structures.
MARA Holdings sold 15,133 BTC for about $1.1 billion to repurchase $1 billion of zero‑coupon convertible notes at a discount.
Bitcoin has dropped 44% from its all-time highs above $126,000, with data pointing to the end of a macro downtrend.
Bitcoin bulls will need to make a last minute push in order to sway Friday’s $18.6 billion options expiry in their favor.
Bitcoin trades near a key breakout level as its price action tightens under a key threshold. Onchain data and derivatives flows show mixed signals on the likelihood of a rally...
Analysts believe that Bitcoin is in deep value territory, and withdrawals from cryptocurrency exchanges suggest strong accumulation by investors.
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