USDT liquidity drain puts crypto on the brink of a broad rout
Over two months, USDT exchange reserves fell from $60bn to $51.1bn. The outflows stalled January–February’s rally.News, articles, and analysis on key events, indicators, and signals in the cryptocurrency market.
USDT liquidity drain puts crypto on the brink of a broad rout
Over two months, USDT exchange reserves fell from $60bn to $51.1bn. The outflows stalled January–February’s rally.
Coinbase Warns of Potential Bitcoin Price Cascade
Analysts at Coinbase have identified key Bitcoin price levels. The main support zone is around $60,000, while the first resistance is at $82,000.
Bitcoin’s Correlation with Stocks Hits 2022 Low
The primary condition for significant growth in digital gold and altcoins will be their independent movement from traditional financial markets.
Wintermute Attributes Bitcoin Stagnation to Macroeconomic Factors
The leading cryptocurrency correlates with tech stocks and behaves like a high-risk asset. Analysts at market maker Wintermute have attributed the market's stagnation to a shift in the macroeconomic regime.
Bitcoin ETFs Experience Fourth Consecutive Month of Outflows
Spot exchange-traded funds based on the leading cryptocurrency in the United States have recorded net outflows for the fourth consecutive month.
Smart money backs a bitcoin rebound
Non-commercial traders have slashed bitcoin shorts and now hold a record net long, says MN Trading’s Michaël van de Poppe.
Bitcoin Closes Half of the Last 24 Months with Gains
Bitcoin ended positively in 50% of the last 24 months. Economist Timothy Peterson estimated the probability of Bitcoin rising in 10 months at 88%.
K33 Analysts Detect Late Bear Phase Signals in Bitcoin
The current state of the cryptocurrency market resembles the final stages of the 2022 bear phase, according to analysts at K33.
A ‘bear pennant’ points to a possible drop in bitcoin to $55,000
The risk that February’s bitcoin correction will persist remains high as bearish charts meet rising whale activity.
Matrixport Observes Waning Bitcoin Selling Pressure
Sentiment in the cryptocurrency market has plummeted to extreme lows, potentially leading to a "durable bottom" and a reduction in selling pressure.We use cookies to improve the quality of our service.
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