On-chain data shows that short-term Bitcoin holders are currently holding the largest unrealized losses since the FTX implosion.
JPMorgan’s report shows limited de-risking by institutional investors in bitcoin futures. Their futures position indicator confirms this confidence, tracking open interest in CME Bitcoin futures.
With Bybit’s dual asset product, users can trade their ETH against their BTC holdings and vice versa, thereby optimizing the profits from both assets.
The popular crypto analyst is confident that Bitcoin price has a higher chance of reaching $1 million than zero in the long haul.
Metaplanet continues to see its Bitcoin acquisitions as an integral part of its long-term growth strategy.
Since the latest major downturn, Bitcoin has stabilized within the $55,000 to $57,000 range.
According to CryptoQuant’s most recent data, Bitcoin is now positioned below the zero mark on the Bull-Bear Market Cycle Indicator.
The United States alone has 31,649 Bitcoin ATMs, marking 82.6% of the world’s machines.
Ki Young Ju further predicts that within a year’s time, several entities ranging from traditional financial institutions to governments and corporations will acquire their Bitcoin acquisitions during the third quarter of 2024.
For more than 10 years, conversations and debates about full-RBF have enveloped the Bitcoin landscape.
In addition to Bitcoin transactions reaching an all-time high of $1.14 billion, separate data from blockchain analytics firm Dune shows that activity on the network surged.
In the short term, Bitcoin’s recent sharp drop and an RSI below 30 suggest it might be oversold, which could lead to a potential rebound soon.
The crypto fear and greed index currently sits at 34, indicating fear among investors.
At the recent Bitcoin Conference in Nashville, he promised that if elected, his administration would ensure that the US keeps 100% of all the Bitcoin it currently holds or acquires in the future.
Bitcoin’s recent performance brings back the memories, showing an undeniable semblance with the historic pattern of 2016.