Tag: btc

What Will Trigger BTC Price Breakout?

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Key takeaways: Bitcoin must hold support at $114,000 to confirm the recovery. Spot volume and trading activity must recover to ensure a sustained breakout in BTC price.  Bitcoin’s (BTC) 10% rally from its Oct. 17 lows of $103,500 appears to have stalled at $115,000, amid diminishing demand and low onchain activity. Several analysts revealed what must happen to increase Bitcoin’s potential to break above $115,000 in the following days or weeks. Bitcoin must hold $114,000 support BTC price’s 5% climb over the last seven days saw it reclaim key levels,…

Strategy Acquires 390 Bitcoin, October Buys Net 778 BTC

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Michael Saylor’s strategy, the world’s largest public Bitcoin holder, added to its BTC holdings last week amid rising momentum, but buying activity has slowed considerably since September. Strategy purchased 390 Bitcoin (BTC) for $43.3 million in its latest BTC acquisition last week, according to a US Securities and Exchange Commission filing on Monday. The purchases were made at an average price of $111,117 per BTC, with Bitcoin briefly rising past $113,000 on Tuesday, according to CoinGecko data. The acquisition brought Strategy’s total Bitcoin holdings to 640,808 BTC, purchased for about…

Whale deposits $3.72M USDC into Hyperliquid, opens $27.7M BTC long

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Key Takeaways A crypto whale deposited $3.72M USDC into Hyperliquid. The whale opened a $27.7M leveraged long position on Bitcoin and a $20.3 million position on Ethereum. Share this article A crypto trader linked to the wallet address starting with 0x960B deposited $3.72 million USDC into Hyperliquid, a decentralized perpetuals exchange, and opened 15x leveraged long positions on $27.7 million worth of Bitcoin and $20.3 million worth of Ethereum today, according to data tracked by Lookonchain. The substantial deposit and leveraged position reflects growing whale activity on Hyperliquid’s on-chain order…

Eric Trump’s American Bitcoin acquires 1,414 BTC

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Key Takeaways American Bitcoin Corp (ABTC) has increased its Bitcoin holdings via a strategic acquisition. A recent merger with a digital mining firm enables ABTC to integrate mining and reserve-building activities. Share this article American Bitcoin Corp (ABTC), a publicly traded Bitcoin mining and accumulation platform co-founded by Eric Trump, has expanded its corporate Bitcoin holdings to 3,865 BTC through a strategic acquisition of 1,414 BTC to strengthen its reserve position. The company has positioned itself as a Bitcoin accumulation platform through a recent merger with a digital mining firm,…

The Bitcoin Stock-To-Flow ModelIsn’t the Best BTC Forecast Model: Analyst

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Bitcoin’s (BTC) Stock-to-Flow (S2F) model, one of the most widely cited BTC valuation frameworks, forecasts a peak price of $222,000 during this market cycle, but investors should exercise caution when using the model, according to André Dragosch, the European head of research at investment firm Bitwise. The Stock-to-Flow model does not take into account demand-side factors, and instead, centers its price modeling on Bitcoin’s halvings, which reduce the amount of newly issued BTC by half every four years, Dragosch said. He added: “Today, institutional demand via Bitcoin exchange-traded products (ETPs)…

Bitcoin whale accumulates $356.6M in BTC

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Key Takeaways The wallet starting with “bc1qd3” accumulated $356.6M in Bitcoin in just five hours, marking one of the largest recent accumulation events by a single address. The accumulation trend mirrors broader whale behavior, with more coins being transferred from exchanges to private wallets during market volatility. Share this article A Bitcoin whale identified as bc1qd3 accumulated $356.6 million worth of Bitcoin over a five-hour period today, representing one of the largest rapid accumulation events by a single address in recent months. The massive purchase reflects broader whale activity patterns…

Elon Musk’s SpaceX moves over $130M in BTC to new wallet with small transfer to Coinbase Prime

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Key Takeaways SpaceX moved over $130 million worth of Bitcoin to a new wallet, with a small amount sent to Coinbase Prime. The purpose of the transfers is unclear, but may involve storage reorganization rather than liquidation. Share this article A wallet tied to SpaceX moved more than 1,200 Bitcoin worth over $130 million to a new address today, according to data from Arkham Intelligence. About $150 in BTC was transferred to Coinbase Prime. The movement follows recent on-chain activity from the space exploration company, which transferred $153 million in…

Watch These BTC Price Levels Next

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Key takeaways: The emergence of a bear flag on the daily chart projects a Bitcoin price drop to $88,000. Traders say BTC price may drop as low as $97,500,000 if key support levels are broken.  Bitcoin’s (BTC) price is forming a classic bearish pattern in the daily time frame, triggering fears that a breakdown could lead to a drop below $90,000. Bull flag breakout points to $88,000 target Bitcoin’s price action has formed a textbook bear flag pattern on the daily chart, a bearish continuation setup formed when the price…

Bitcoin ETF Demand Drop Puts BTC Crucial Level At Risk

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Bitcoin is at risk of breaking a crucial support price level as US-based spot Bitcoin ETFs have continued to bleed red after the recent crypto market crash, according to analysts from Bitfinex.  “The lack of institutional accumulation has made the $107,000 to $108,000 zone increasingly difficult to defend as support,” Bitfinex analysts said in a report on Tuesday, noting significant net outflows after US President Donald Trump’s tariff announcement earlier this month. Between Oct. 13 and Oct. 17, spot Bitcoin (BTC) ETFs saw around $1.23 billion in net outflows, according…