BTC
Coverage of BTC in the Nexus archive.
- Bitcoin price spike to $64.5K was ‘low-volume liquidity trap’: Analysis
A recent analysis suggested that the Bitcoin price spike to $64.5K may have been caused by what was termed a ‘low-volume liquidity trap’. Furthermore, the content noted that Bitcoin derivatives markets created a short squeeze, increasing BTC price action by 3% on Monday.
- BTC price loses 200-week trend line as 2022 repeats: Five things to know in Bitcoin this week
Bitcoin confirmed a weekly candle close below its 200-week moving average. This movement replicates the pattern of the 2022 bear-market, prompting traders to warn of further downside price action for BTC.
- Bitcoin eyes new August lows as Binance longs face ‘cleanout’
Bitcoin futures open interest on Binance fell alongside the BTC price. Analysis from CryptoQuant flagged mounting pressure specifically on leveraged longs, suggesting that Bitcoin may face new lows in August.
- Bitcoin speculators keep BTC price ‘pinned’ below $68.7K: Glassnode
According to Glassnode, Bitcoin's price has been pinned below $68.7K by speculators. The weakness observed near range highs stems from short-term holders attempting to break even on losses related to their BTC investments.
- Metaplanet CEO shuts down Bitcoin sale speculation after $322M transfer
Metaplanet CEO Simon Gerovich shut down speculation that Bitcoin was sold. He stated that no Bitcoin was sold after the company moved 5,014 BTC between custodial addresses. This transfer occurred for about $8 in fees.
- Live updates: Bitcoin at $63,600 as Japan's Metaplanet moves 3,881 BTC between wallets
Bitcoin is reported to be valued at $63,600. Separately, Metaplanet, which is located in Japan, executed a transaction involving the movement of 3,881 BTC between its wallets.
- Morning Minute: Saylor's Strategy Sells Bitcoin for Second Week in a Row
Saylor's Strategy reportedly dumped a substantial amount of $108M in BTC at a loss and an additional $650M worth of MSTR stock. Despite this large sell-off across multiple assets, MSTR stock was noted to have barely flinched.
- Trump Media records $360.6 million unrealized loss on digital assets in first half of the year
Trump Media recorded a $360.6 million unrealized loss on its digital assets during the first half of the year. As of June 30, its directly held BTC and CRO were valued at $597.7 million.
- Live updates: Bitcoin slips as corporate BTC enthusiasm moves to AI
Bitcoin is noted to have slipped in live updates. This decline coincides with a shift of corporate enthusiasm away from Bitcoin and toward AI.
- Bitcoin’s BIP-110 fork is 300 blocks behind BTC and six years from fixing itself
Bitcoin's BIP-110 fork is currently 300 blocks behind the main BTC chain, and it is estimated that the fork will take six years to fix itself.
- Live updates: BTC above $65,000 even as the Senate punts the CLARITY Act to the fall
Bitcoin (BTC) maintained a price above $65,000 even though the Senate postponed consideration of the CLARITY Act until the fall.
- Bitcoin holders risk losing real BTC if they sell coins from BIP-110 fork, says developer
A developer warned that Bitcoin holders risk losing real BTC if they decide to sell coins associated with the BIP-110 fork. The warning highlights a potential financial risk related to selling specific crypto assets.
- Bitcoin whales load up on $1.2 billion in BTC as ETFs attract $750 million
Bitcoin whales have acquired $1.2 billion worth of BTC, while exchange-traded funds (ETFs) are contributing an additional $750 million to the market.
- Eric Trump’s American Bitcoin treasury tops 8,000 BTC as Q2 mining production hits record
American Bitcoin increased its reserve to 8,002 BTC following a record 932 BTC mined in Q2. The company reported an 8% revenue rise to $67 million during the quarter.
- Trumps’ American Bitcoin reports record BTC output, narrower Q2 loss
Trumps’ American Bitcoin produced a record 932 BTC in the second quarter, increasing mining revenue by 8% and narrowing its net loss compared to the previous quarter.
- Major bitcoin wallet flaw drains 594 BTC in 25-minute sweep
A major flaw in a Bitcoin wallet led to the theft of 594 BTC within 25 minutes. The incident highlights a critical security vulnerability in cryptocurrency storage systems.
- 3 reasons Wednesday's Fed meeting is pivotal for BTC
The upcoming Federal Reserve meeting on Wednesday is highlighted as pivotal for Bitcoin (BTC) due to three key reasons, though specific details are not provided in the title. The event's outcome could influence BTC's market performance.
- Morning Minute: Strategy Chooses Cash, STRC Over BTC
A strategy is favoring cash and STRC over BTC as crypto prices broadly decline following a memory stock slide. Coinbase introduces a meme-related feature, and the Fomo app achieves a new all-time high.
- Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Thorn
Dormant Bitcoin activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.
- Bitcoin price gains to $66.3K as range breakout attempt sparks one-month high
Bitcoin's price rose to $66,000, surpassing local resistance. Analysts predict up to a 6% increase in BTC price if the upward momentum continues.
- Bitcoin ETFs post five-day inflow streak, longest since May
US spot Bitcoin ETFs recorded $227 million in inflows as BTC climbed above $65,000, extending their longest winning streak since early May.
- Trader maintains $67K BTC price target: Five things to know in Bitcoin this week
Bitcoin maintained a key long-term support trend line for a third week, while US-Iran war tensions pushed oil prices to five-week highs. A trader has kept a $67K price target for Bitcoin.
- Bitcoin Giant Strategy Isn't Panicking—Unless BTC Crashes to $10K: CEO
The Bitcoin treasury giant will issue fresh preferred stock and resume buying Stretch shares once they return to par, according to CEO Phong Le.
- Morning Minute: Saylor's Strategy Hoards Cash, Doesn't Buy BTC
Saylor's Strategy did not purchase Bitcoin (BTC) despite the Bitcoin-buying machine remaining neutral. Cryptocurrencies and oil showed mixed movements ahead of a key CPI economic report.
- Morning Minute: BTC and ETH ETFs Flip Green After Lengthy Outflow Stretch
U.S. spot Bitcoin ETFs closed their first positive week since May, with BTC and ETH ETFs showing green after prolonged outflows. A critical week ahead is expected to influence crypto's near-term trajectory.
- Bitcoin whale moves $188 million in BTC after seven-year dormancy: onchain data
A Bitcoin whale moved $188 million in BTC after a seven-year dormancy, with the last transaction occurring in 2018 when Bitcoin traded at approximately $6,475, representing a tenfold increase in value since that time.
- Bitcoin price gains nearly 10% in July, but traders still see BTC copying 2022 bear market
Bitcoin's price gained nearly 10% in July's first two weeks, but traders warn the market may mirror the 2022 bear market with a potential downturn starting in August.
- BTC speculators in focus as analysis says 'textbook Bitcoin bottom' is underway
Bitcoin speculators are under focus as analysis suggests a 'textbook Bitcoin bottom' is occurring, citing a moving average derivative that last activated at the end of the 2022 bear market. Bitcoin's price action has returned to a reversal zone, according to the analysis.
- Bitcoin can fall below $58K if one of its 'cleanest' metrics copies history: Analysis
Bitcoin's price could fall below $58K if the NUPL metric follows historical patterns, as data suggests BTC needs to create new cycle lows to maintain those patterns.
- Bitcoin recovers from Strategy's BTC sale, funding rates hit 9%: Are bulls back?
Bitcoin experienced a sell-off following Strategy's BTC sale, but quickly rebounded, indicating bulls remain ambitious. Funding rates reached 9% during the market movement.
- Metaplanet buys 2,823 BTC, surpasses 43,000 in Bitcoin holdings
Metaplanet purchased 2,823 Bitcoin during the second quarter, lowering its average acquisition cost to $106,500 per BTC. The company reported $10.9 million in revenue from its income generation strategy.
- Analyst warns BTC could drop further after worst June since 2022
An analyst warned that Bitcoin (BTC) could experience further price declines after June's worst performance since 2022. The June close above realized price but below the 200-week moving average suggests the bear market's bottom is still ahead, according to historical cycles.
- Bitcoin faces critical test as bulls aim to hold $60K: Did BTC bottom?
Bitcoin's price is testing its ability to maintain $60,000, with soft futures markets creating uncertainty about whether the cryptocurrency has reached a bottom. The article highlights the market's mixed signals as bulls attempt to hold the key level.
- Bitcoin Is in a Fight at $60K—Here's What the Charts Say
Bitcoin (BTC) reached $58,800 before rebounding, but the daily chart remains in bear territory. Prediction markets anticipate further declines before a potential rebound.
- Bitcoin faces fresh capitulation risk as 50K BTC moved at a loss
Nearly 50,000 BTC shifted to exchanges at a loss while short-term Bitcoin holders' stress level reached 2-year highs. The article questions whether BTC is headed toward new lows.
- Bitcoin may fall lower but BTC power-law frames crash to $58K as ‘normal’
Bitcoin’s drop to $58,000 aligns with the power-law model’s cycle lows, even though futures market data suggests deeper lows for BTC price.
- Strategy's yield-generating STRC stock is more correlated with BTC than ever
Strategy's yield-generating STRC stock is now more correlated with Bitcoin (BTC) than at any previous time, as reported in the article.
- Morning Minute: Strategy’s MSTR and STRC Crash to 52-Week Lows
Strategy’s MSTR and STRC hit 52-week lows. A strong Micron earnings report boosted global markets and crypto prices after a prior sell-off pushed Bitcoin below $60k.
- BTC price four-year trend calls for $76K as analysis says Bitcoin 'not broken'
Bitcoin's price action aligns with previous cycles, and a four-year trend analysis projects a potential $76K target. The current bear market has created a 20% discount to Bitcoin's four-year 'adoption structure' trend line, with research indicating the cryptocurrency is 'not broken'.
- CBOE weighs converting BTC, ETH continuous futures into perpetual futures: Report
CBOE is considering converting Bitcoin (BTC) and Ethereum (ETH) continuous futures into perpetual futures as U.S. regulatory changes drive adoption of crypto perpetual futures. Competitors like Coinbase and Kalshi are also expanding their offerings, prompting Cboe to evaluate a product overhaul.