Bitcoin ETFs Bleed $171M, as Investors Fear Weekend War Escalation
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 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 revisits a key profitability zone near 50% as exchange inflows fall and realized profits drop, aligning with historical BTC accumulation phases.
Bitcoin and altcoins are nearly 20% up from their February sell-off lows. Are bulls taking control of the crypto market?
Analysts believe that Bitcoin might witness strong moves, causing another round of forced liquidations.
Bitcoin and altcoins rallied toward their respective range highs as investors piled into crypto despite the war in Iran and record-high oil prices.
Bitcoin’s abrupt rally to $74,000 caught the bears completely off guard, a feature shown in the technical charts of BTC and large-cap altcoins.
Technical charts forecast that Bitcoin’s downside price risk may be limited, even as BTC failed to overcome $70,000 multiple times this week.
Bulls reclaimed control of the crypto markets on Wednesday as BTC soared above $69,000 and several altcoins made double-digit gains.
Bitcoin and altcoins showed strength in the US session, but technical charts suggest the bears may continue to exert pressure near the intraday highs.
Get the latest updates delivered to your inbox
Error: No feed with the ID 5 found.
Please go to the Instagram Feed settings page to create a feed.