Bitcoin

The post Bitcoin Options Activity Signals Cautious Optimism appeared first on Coinpedia Fintech News On May 1, 2024, the total BTC options open interest is notably high at $17.09B, despite Bitcoin’s drop to $57,660. The market shows a preference for calls over puts, with 66.25% of open interests being calls, indicating a cautiously optimistic sentiment. This sentiment is supported by the last 24H trading volumes, where calls also led puts, representing 52.25% of the volume. This reinforces a trend of…

The post Crypto Market Crash: Bitcoin Faces $464 Million Liquidation In 24 Hours! appeared first on Coinpedia Fintech News The BTC price has experienced a plunge of 11.52% with a low of $56,555.29 within the past 24 hours. Following the cross-border correction, the crypto market leader, Bitcoin price, recorded a total of $464 Million worth of liquidations in its portfolio, of which 86% ($399 Million) were long positions whereas 14% ($65 Million) were short positions. OKX experienced the highest liquidations,…

The post Bitcoin ETFs Reduce Holdings While Blackrock Stalls Purchases appeared first on Coinpedia Fintech News Grayscale has reduced its Bitcoin holdings by 1,328 BTC, valued at approximately $80.7 million, leaving it with 297,118 BTC worth $18.06 billion. Overall, nine ETFs, including Grayscale, collectively reduced their Bitcoin holdings by 1,698 BTC, amounting to a loss of $103.22 million in assets. Blackrock, a key player in the market, has refrained from adding any Bitcoin to its portfolio for four consecutive days.…

Bitcoin (BTC) has witnessed a significant drop, falling to $56,556 during Wednesday morning in Europe, marking the lowest point since late February. This downturn represents the sharpest monthly decline since November 2022, with BTC tumbling approximately 7.5% within the last 24 hours and breaching the previously stable $60,000 support late Tuesday. #1 Derisking Before Today’s FOMC Meeting Anticipation and anxiety are high in financial circles as the Federal Open Market Committee (FOMC) is set to announce its interest rate decision…

In a recent thread on X (formerly Twitter), renowned on-chain analyst Checkmate provided an analysis regarding the future trajectory of Bitcoin. Currently, the premier cryptocurrency hovers around the $60,000 mark, a pivotal moment that echoes historical patterns within the Bitcoin market cycle. What Will The Next 6 Months Bring For Bitcoin? Checkmate argues that Bitcoin is positioned in a “chopsolidation” phase—a term coined to describe a stagnant yet volatile period. He suggests that this could last approximately six months, based…

Bitcoin has fallen through the important support at $59,000. Currently at $57,000, the king of the cryptocurrencies could plunge even further down. How far will it go? Bitcoin breaches last line in sand The last line in the sand has been breached. $BTC took the dreaded plunge and is currently clinging to support at $57,000. A further fall here is likely to take the price all the way down to $51,000, with perhaps a quick stop at around $54,000. Source:…

TL;DR Despite recent price drops in the cryptocurrency market, including bitcoin, some investors seem interested in potential purchasing opportunities, reflected by increased searches for “buy the dip crypto.” On-chain metrics like the MVRV ratio and shifts in open interest suggest a potential turnaround, indicating it might be a good time to invest in the primary digital asset. Viewing the Crypto Crash as a Buying Opportunity The cryptocurrency sector has been in a state of severe correction in the past few weeks, with…

The post Bitcoin Price Prediction For May: Here’s What in Store For BTC Price appeared first on Coinpedia Fintech News The recent 5% drop in Bitcoin’s price, pushing it down to $60,000, highlights a significant downturn following a weeks-long decline from its peak near $75,000 in mid-March. Now, Bitcoin faces a double whammy as it breaches a crucial technical support level, potentially signaling further short-term downside.  Bitcoin Price to Take a Dip Below $40K? Experts Weigh In On a similar…

Bitcoin price took a hit and even spiked below $60,000. BTC could gain bearish momentum if there is a daily close below the $60,000 support zone. Bitcoin started another decline and traded below the $61,200 zone. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if it…