Hong Kong hedge funds’ leveraged BTC price bets are emerging as the main trigger behind Bitcoin’s sharp month-long sell-off.
Hong Kong hedge funds’ leveraged BTC price bets are emerging as the main trigger behind Bitcoin’s sharp month-long sell-off.
Bitcoin market participants diverged on the short-term BTC price outlook, with warnings of new macro lows contrasting with $84,000 targets.
Bitcoin reaching a point where its price keeps rising even as the US Federal Reserve hikes interest rates would be "the endgame," according to crypto executive Jeff Park.
In a video interview, Samson Mow shares his views on Bitcoin's latest bloodbath, quantum fears and the catalysts that could drive Bitcoin’s next recovery.
Over $2.6 billion was wiped out across the crypto market as institutions saw sub-$60,000 BTC as a buy-the-dip opportunity.
Net weekly outflows from Bitcoin ETFs reached $690 million as BTC briefly touched $60,000, reigniting analyst criticism over “paper Bitcoin” and scarcity.
Traders were active in BlackRock’s iShares Bitcoin Trust ETF on Thursday as Bitcoin plummeted, falling 12% in the last 24 hours.
Strategy executives Phong Le and Andrew Kang say the company is on a strong financial footing despite it now being down 17.5% on its Bitcoin holdings.
Panic selling by short-term holders, extreme fear, and oversold RSI suggested that BTC could be nearing the final phase of capitulation.
Bitcoin risks a deeper slide as miners and US spot ETFs cut BTC exposure, adding supply pressure during a fragile downtrend.