Tag: btc

Bitcoin Long-Term Holders Offload 400K BTC as Price Nears $100K Support

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Key takeaways: Long-term Bitcoin holders sold 400,000 BTC over the past 30 days. Short-term Bitcoin holders panic-sell $3 billion in BTC at a loss. Bitcoin’s rising wedge targets $72,000 price as traders say BTC could drop as low as $60,000. Bitcoin (BTC) declined on Tuesday, falling more than 3.5% over the last 24 hours to trade at $104,000. This brings the weekly and 30-day losses to 8% and 17%, respectively. This drawdown is accompanied by selling from long-term holders, who have offloaded more than 400,000 BTC over the past month.…

Bitcoin Late Longs Washed Out as $100K Support Becomes Key for BTC Price

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Key takeaways: Bitcoin price is down 17% from its all-time high on Tuesday, dropping under $104,000. Crypto liquidations totaled $1.3 billion in losses over the past 24 hours. Traders say Bitcoin needs to quickly reclaim $105,000 to avoid a deeper correction toward $100,000.  Bitcoin (BTC) bears extended the sell-side activity into the European Trading session on Tuesday as the drop to $104,000 resulted in a large liquidation of leveraged positions across the crypto market. BTC/USD daily chart. Source: Cointelegraph/TradingView Bitcoin wipes out liquidity in tumble to $104,000 BTC price fell…

Bitcoin Traders Brace for Sub-$100,000 BTC Price Lows Next

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Key points: Bitcoin slips under $104,000 amid doubts over BTC price support. Price targets now include the CME futures gap at $92,000. Short-term holders head deep into the red, sitting on growing unrealized losses. Bitcoin (BTC) faced further losses Tuesday as traders prepared for sub-$100,000 BTC price levels. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin price in “freefall” as $104,000 slips Data from Cointelegraph Markets Pro and TradingView tracked new lows of $103,732 on Bitstamp, with the price down over 2% Tuesday. Early weakness persisted during the Asia trading session as…

Bitcoin holdings on exchanges fall by nearly 209,000 BTC over six months amid market volatility

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Key Takeaways Over the past six months, Bitcoin holdings on exchanges dropped by approximately 209,000 BTC. Market volatility and leveraged trading are driving participants to move Bitcoin away from exchanges. Share this article Bitcoin holdings on cryptocurrency exchanges declined by around 209,000 BTC over six months as market participants moved assets away from trading platforms amid heightened price volatility, according to Santiment. The outflow reflects a broader shift by traders and long-term holders toward off-exchange storage during periods of market turbulence. Bitcoin has faced elevated volatility driven by leveraged trading…

Bitcoin OG offloads 13,004 BTC to Kraken impacting market

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Key Takeaways Bitcoin whale moved 13,004 BTC in October, including $132M to Kraken, signaling renewed bearish positioning. The large BTC transfer is seen as a bearish signal and coincides with broader whale activity across exchanges. Share this article A prominent Bitcoin whale known for its short positions on Hyperliquid has resurfaced, offloading 13,004 BTC in October, including around 1,200 BTC (approximately $132 million) to Kraken over the past weekend, according to CryptoQuant. The large-scale transfers from this entity have created a notable market impact, signaling renewed bearish activity. Source link

Dormant Bitcoin whale deposits 2,300 BTC into Paxos, holds over 32,000 BTC worth $3.4B

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Key Takeaways A previously inactive (dormant) Bitcoin whale deposited 2,300 BTC (about $250 million) to Paxos. The whale still holds over 32,000 BTC, valued at $3.4 billion. Share this article A dormant Bitcoin whale deposited 2,300 BTC on Paxos, a regulated blockchain firm focused on issuing stablecoins and managing digital asset transfers. The whale maintains a total holding of 32,490 BTC worth approximately $3.4 billion, on-chain data shows. Dormant Bitcoin holders have recently been moving assets to exchanges after years of inactivity, signaling potential shifts in long-term holding strategies. Paxos…

Bitcoin Range Trades As Altcoins, Spot BTC ETF Sell-off

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Key points: For the first time in seven years, Bitcoin is at risk of ending October in the red. Several altcoins have dropped to their crucial support levels, indicating selling on rallies. Bitcoin (BTC) bulls are attempting to maintain the price above $110,000, but the bears have continued to exert pressure. That increases the risk of BTC recording its first-ever red October close in seven years. After October’s dismal performance, all eyes are on November, which has an average return of 46.02%, according to CoinGlass data. Several analysts are turning…

Square offers $50 Bitcoin incentive to first 20,000 merchants participating in BTC conversions

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Key Takeaways Square is offering a $50 Bitcoin incentive to the first 20,000 merchants who participate in Bitcoin conversions. The incentive aims to boost Bitcoin adoption among small businesses and accelerate BTC acceptance. Share this article Square today began offering a $50 Bitcoin incentive to the first 20,000 merchants who enable the “Bitcoin Conversions” feature on its platform. The payment processor, owned by Block, launched the promotional campaign to accelerate Bitcoin adoption among businesses. Square recently launched a Bitcoin wallet solution for local businesses, facilitating zero-fee BTC transactions through 2026…

Prenetics acquires 100 Bitcoin, increasing holdings to 378 BTC

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Key Takeaways Prenetics, a Nasdaq-listed healthcare company, acquired 100 more Bitcoin, bringing its holdings to 378 BTC. It is the first healthcare firm to formally adopt Bitcoin as a corporate reserve asset. Share this article Prenetics, a Nasdaq-listed healthcare firm, acquired 100 Bitcoin, bringing its total holdings to 378 BTC as part of its ongoing treasury strategy. The company stands out as the first healthcare firm to formally adopt Bitcoin as a corporate reserve asset. Prenetics has committed to consistent Bitcoin accumulation through regular purchases, including daily buying to build…

Canaan’s BTC Miners Load Balance Electric Grid in Japan

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Mining hardware producer Canaan has won a contract to supply 4.5 megawatts (MW) of Bitcoin mining application-specific integrated circuits (ASICs) for a project designed to help stabilize Japan’s electric grid. According to a Thursday announcement, the company will supply an electrical engineering solutions provider with Bitcoin mining ASICs with a capacity of 4.5 MW for the project. The project will deploy Canaan’s new Avalon A1566HA-488T water-cooled mining ASICs for “real-time grid balancing and energy-efficiency optimization,” Canaan said. The mining operation will run continuously and utilize controlled overclocking and underclocking, adjusting…