Tag: btc

BTC Rebound Targets $110K But CME Gap Clouds Outlook

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Key takeaways: The Bitcoin double bottom pattern may boost bullish momentum toward $110,000. The CME gap near $104,000 could trigger a short-term retracement. Stablecoin buildup and short-term holders’ stress hint at near-term volatility. Bitcoin (BTC) staged a textbook double bottom pattern over the weekend, leading BTC to secure a bullish weekly close above its 50-week moving average. The formation coincided with the daily order block between $98,100 and $102,000, where BTC repeatedly tested the $100,000 zone before rebounding. Bitcoin four-hour chart. Source: Cointelegraph/TradingView Following a bullish break of structure on…

Spot BTC, ETH ETFs see $1.7B Outflow but Whales Buy the Dip

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Key takeaways: Spot Bitcoin and Ethereum exchange-traded funds (ETFs) recorded a combined $1.7 billion in weekly outflows. Solana and a select few altcoins continued to attract steady inflows despite market weakness. Onchain data shows that large whales are accumulating BTC, which has kept BTC prices above the $100,000 level.  Spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) faced another week of heavy redemptions, extending a trend of investor caution. From Nov. 3 to Nov. 7, spot Bitcoin ETFs saw $1.22 billion in net outflows, the third-largest weekly total on…

Bitcoin OG Owen Gunden moves $372M in BTC, first batch hits Kraken

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Key Takeaways Owen Gunden transferred 500 BTC worth about $52 million to Kraken. The move continues Gunden’s pattern of selling activity as an early Bitcoin adopter. Share this article Early Bitcoin investor Owen Gunden moved around 3,600 Bitcoin, valued at approximately $372 million, on Friday, according to data tracked by Lookonchain. Of this amount, 500 BTC worth nearly $52 million was already deposited into Kraken, with the remaining 3,100 BTC expected to land on the exchange in the near future. The OG Bitcoin whale’s transfers occurred amid recent market volatility,…

Will it Push BTC Price Lower?

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Key takeaways: Older Bitcoin whales are selling heavily, spending over 1,000 BTC/hour in 2025. Bitcoin’s bear pennant pattern projects a potential drop to $89,600.  Bitcoin (BTC) was at risk of further losses as the oldest whales continued to spend their BTC stash.  Capriole Investments co-founder Charles Edwards said that “super whales are cashing out of Bitcoin,” in a post on X, raising concerns about the potential impact on BTC’s price. Bitcoin OG whales keep dumping The BTC/USD pair trades 18.7% below its all-time high of $126,000 reached on Oct. 6,…

ETF Investors Held Firm in BTC Crash, HOLDlers Had Paper Hands: Analyst

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Bitcoin exchange-traded funds (ETFs) saw less than $1 billion in outflows following the historic crypto market crash in October that caused a 20% decline in BTC’s price, according to senior Bloomberg ETF analyst Eric Balchunas. The ETFs broke a six-day outflow streak on Thursday, recording about $240 million in capital inflows, Balchunas said, sharing a chart that showed net outflows of about $722 million over the past month. “Told y’all the ETF-using boomers are no joke. So who’s been selling? To quote that horror movie, ‘Ma’am, the call is coming…

What Does it Mean for BTC Price?

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Key takeaways: Bitcoin ETFs recorded $240 million in inflows on Thursday, ending a six-day outflow streak. Bitcoin’s failure to drop below the 50-day EMA suggests strong support in this area. Bitcoin (BTC) exchange-traded funds (ETFs) ended a six-day outflow streak with inflows returning on Thursday, leading traders to believe that a recovery is imminent as long as the BTC price holds the 50-week EMA. Spot Bitcoin ETFs post $240 million inflows US-based spot Bitcoin ETFs ended a six-day streak of net outflows on Thursday, with $240 million in daily inflows.…

Ark Invest’s Cathie Wood Lowers Long-Term BTC Top Outlook to $1.2M

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ARK Invest’s Cathie Wood has cut her long-term Bitcoin price projection by $300,000, warning that stablecoins are eroding Bitcoin’s role as a store of value in emerging markets. “Stablecoins are usurping part of the role that we thought Bitcoin would play,” Wood, who previously forecast a top BTC price of $1.5 million by 2030, told CNBC on Thursday. “Given what’s happening to stablecoins, which are serving emerging markets in a way that we thought Bitcoin would, I think we could take maybe $300,000 off that bullish case, just for stablecoins.…

$100B BTC Shift Fuels OG vs Trader Clash

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Key takeaways: Over $104 billion in long-held Bitcoin has moved since 2024, sparking debate on whether older BTC investors are exiting the market for good. Onchain data shows most moved Bitcoin was from short-term holders, not older addresses. Bitcoin’s (BTC) price dip from $126,000 to $100,000 coincided with a notable uptick in selling by long-term holders (LTH). Cointelegraph reported that more than 400,000 BTC moved from LTH wallets in the past 30 days, prompting a debate over whether these flows represent genuine “OG” exits or routine redistribution by traders. Alex…

New whale wallet deposits $7M into Hyperliquid for $BTC, $XRP short positions

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Key Takeaways A newly created whale wallet deposited $7 million USDC into Hyperliquid to open short positions on Bitcoin and XRP. The positions are now worth over $110 million. Share this article A newly created whale wallet deposited $7 million in USDC into Hyperliquid, a crypto derivatives platform, today to establish short positions on Bitcoin and XRP. The wallet address “0x7B7b908c076B9784487180dE92E7161c2982734E” reflects the aggressive bearish positioning that large traders have adopted on the platform amid current market volatility. Whales on Hyperliquid have been increasing short positions on Bitcoin with high…

Spanish Research Center to Sell 97 BTC Bought in 2012, Now Worth $10M

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A Spanish public research institute is preparing to sell a long-forgotten Bitcoin stash, worth over $10 million, which was purchased for just $10,000 in 2012 as part of a blockchain research project. The Institute of Technology and Renewable Energies (ITER), overseen by the Tenerife Island Council, acquired 97 Bitcoin (BTC) more than a decade ago to study blockchain technology. The council is now finalizing plans to divest the holdings, according to a report from Spanish-language newspaper El Día. Juan José Martínez, Tenerife’s innovation councillor, told the outlet that the council…