In Brief Bitcoin’s recent drop to $112,500 is driven by leverage, with over $2.3 billion in open interest unwound. The decline is temporary. BTC currently at $114,200, with $112,526 support key for recovery. A breach of $115,000 could push Bitcoin toward $117,261 and $120,000. If Bitcoin fails to breach $115,000, further downside to $110,000 or…
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In Brief Bitcoin hit a new all-time high fueled by ETF inflows and optimistic US CPI data before retreating slightly. XRP faced sell-off fears after a $3.28 billion escrow unlock but regained momentum following SEC concessions to Ripple. Experts predict Ethereum will lead the next altcoin season as institutional capital flows into the Web3 ecosystem.…
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In Brief After 2140, Bitcoin’s security will depend entirely on transaction fees, with the block subsidy disappearing. This transition hinges on ongoing demand for Bitcoin transactions. Bitcoin’s growing role in global finance and Layer 2 solutions like Lightning Network will help create a strong fee market and ensure scalability. If transaction fees don’t grow enough,…
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In Brief Bitcoin options have a max pain level at $117,000, while Ethereum’s is at $4,000, with options expiry triggering potential volatility. Bitcoin’s put-call ratio (PCR) suggests bullish positioning, with $4.78 billion in notional value and open interest of 40,185 contracts. Ethereum’s PCR is at 1.02, indicating a slight tilt towards puts; expiring options have…
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In Brief Galaxy Digital CEO Mike Novogratz signals the peak of crypto treasury firms, with future success hinging on strategic positioning. Ethereum’s treasury holders like BitMine and SharpLink are expected to grow, while new entrants face challenges. Galaxy Digital’s Q2 net income hit $30.7 million, despite missing earnings estimates and a 7% drop in share…
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In Brief Bitcoin fell 4% amid Fed resistance to rate cuts and a shocking NFP miss, with revised data showing a 5-year low in job creation. Spot ETF inflows reversed sharply, with Ethereum-related equities and crypto prices tumbling despite bullish corporate accumulation. Market sentiment hinges on US stock recovery; further declines may force a policy…
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In Brief Arkham uncovers a 2020 hack on LuBian mining pool involving 127,426 BTC. The stolen Bitcoin is now worth $14.5 billion, making it the biggest crypto hack ever. LuBian never disclosed the breach; funds remain with the hacker to this day. A massive Bitcoin heist from December 2020 has just been exposed, making it…
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In Brief Long-Term Holder SOPR remains elevated, signaling major profit-taking that often precedes local tops. Whale-to-Exchange Ratio spikes mirror past corrections, with whales likely prepping to sell. BTC hovering at $117,500; break below $116,000 could trigger a drop toward $103,300 unless $122,000 is reclaimed. Bitcoin price may be holding above $117,500, but under the surface,…
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In Brief Altcoin season approaches as Bitcoin dominance drops to a 4-month low, with Ethereum leading the way toward $4,000. The altcoin season index signals an incoming breakout as capital inflows shift towards altcoins, though full altcoin season remains pending. Bitcoin dominance falls from 64.5% to 60.9%, highlighting growing market preference for altcoins, though caution…
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In Brief The US government currently owns only 28,988 BTC, worth $3.47 billion, which is just 15% of the assumed total. Federal agencies hold 200,000 BTC, but many are seized assets, not directly owned by the government. Concerns over a potential sell-off under President Biden are unfounded, as on-chain tracking shows no large liquidation. New…
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