Bitcoin price action failed to revisit the $83,000 mark after US-Iran war tensions took over to steer the crypto market mood. Bitcoin (BTC) cooled from new 13-week highs at Wednesday’s Wall Street open amid mixed signals over a US-Iran peace deal. Key points: Data from TradingView showed a new local peak for BTC/USD of $82,833 on Bitstamp. Read more
Bitcoin’s onchain data suggests that the upside may not be over for BTC price, but resistance at $84,000 could delay the recovery. Bitcoin (BTC) buyers resumed their activity during the early Asian trading hours on Wednesday, pushing the price to a new multi-month high of $82,240. Onchain indicators, including the short-term holder (STH) cost basis, suggest that the BTC price can go higher, with the next big target at $92,000. Read more
CME to launch CFTC‑regulated Bitcoin Volatility futures in June, giving institutions an onshore way to trade implied BTC volatility. CME Group plans to launch Bitcoin Volatility futures on June 1, pending regulatory review, giving investors a compliant way to trade expected Bitcoin volatility rather than price direction, according to a company release published Tuesday. The Chicago-based derivatives marketplace said the contracts will settle to the CME CF Bitcoin Volatility Index, a 30-day measure of expected Bitcoin volatility derived from CME options markets. CME describes the new contracts as Commodity Futures Trading Commission (CFTC)-regulated futures aimed specifically at Bitcoin volatility, extending the existing US regulatory framework that already covers CME’s Bitcoin and Ether derivatives. Read more
Bitcoin price analysis saw $84,000 as bulls' "most critical" reclaim target as the risk of new $50,000 lows returned to the radar. Bitcoin (BTC) is approaching its “most critical” resistance hurdle of the bear market, new BTC price analysis says. Key points: Read more
Short liquidations and rising open interest may be signs of the bulls’ plan to push the Bitcoin price closer to $90,000. Bitcoin (BTC) may have a clear path to $90,000 after $7.9 billion in short liquidations in February put pressure on the bears. Data show liquidations came in three waves that extended from February through April. The liquidations highlight a growing imbalance as BTC traders continue to build short positions above $80,000, while the price holds firm, creating repeat conditions for future short squeezes. Bitcoin researcher Axel Adler Jr. tracked over $7.9 billion in forced short liquidations since early February. The largest spike hit $737 million on Feb. 13, followed by multiple waves through March and April. The liquidation volumes ranged from $2–28 million per day before jumping back to $175 million on May 4. That spike came during a quiet week, pointing to renewed short exposure near $80,000. The pattern shows consistent reloading of bearish positions at higher levels. Read more
Bitcoin bottom calls grow as analysts target $180,000–$250,000 within a year, fueling debate over whether BTC has resumed its broader bull cycle. Bitcoin (BTC) climbed 3.5% this week to hit $81,325 on Tuesday, its highest level since January. But is Bitcoin’s multi-month highs just a bear-market rally, or has it already bottomed to resume the so-called "supercycle," as some traders suggest? Key takeaways: BTC/USD daily price chart. Source: TradingView Read more
Accumulation by long-term Bitcoin holders, buying by institutional investors and a strengthening technical structure could fuel BTC’s price rise to $95,000 or higher. Bitcoin (BTC) rose as much as 2% over the past 24 hours to an intraday high of $81,300 on Tuesday. This brings the weekly and 30-day gains to 5% and 21%, respectively. This rally was accompanied by buying from long-term holders, who have added more than 330,000 BTC over the past month, according to data from CryptoQuant. Key takeaways: Read more
Bitcoin’s recent rally to $80,000 amid improving BTC miner and options markets metrics could create a clear path to $85,000. Key takeaways: Bitcoin (BTC) surged to $80,000 for the first time in three months on Monday, triggering $270 million in liquidations across leveraged short (sell) futures contracts. This positive momentum for Bitcoin coincided with tech stocks jumping to an all-time high, signaling a broad risk-on environment. Currently, three key indicators point to further upside momentum for Bitcoin. Read more
Crypto markets turned euphoric as BTC traded above $80,000, but a rally through short-term holders’ cost basis is needed to cement the bull trend. Bitcoin (BTC) reached a new three-month high of $80,500 on Monday, testing the level for the first time since Jan. 31. The rally above $80,000 puts the price just below short-term holders' cost basis of $81,486, the next dynamic resistance level. For the rally to continue, a daily close above this level is key to securing $80,000 as support. Bitcoin’s rally to $80,000 places the price directly under the short-term holder's realized price of $81,486. This metric reflects the average cost of coins moved over the last 155 days and indicates where recent buyers have flipped from loss to profit. A daily close above $81,500 would return these holders to profit and reduce sell-side pressure. According to crypto analyst Crazyyblockk, the short-term holder losses have narrowed to about -2.17%, showing that the overhead supply band is thinning. The long-term holders (LTHs) ...
Bitcoin faced new volatility and a new struggle to reclaim $80,000 as Iran events added pressure to crypto and risk assets. Bitcoin (BTC) saw volatility at Monday’s Wall Street open as fresh US-Iran war events sparked instability. Key points: Read more
K Wave Media is redirecting up to $485 million from a Bitcoin treasury strategy into AI infrastructure, alongside debt reduction and restructuring, per a Form 6-K filing. K Wave Media, a Nasdaq-listed media and entertainment company, said it is redirecting up to $485 million in remaining financing capacity from a Bitcoin treasury strategy into an artificial intelligence infrastructure buildout, according to a Monday 6-K filing with the US Securities and Exchange Commission (SEC). The capital will be deployed into data centers, graphics processing unit (GPU) compute operations and related AI infrastructure investments under an amended securities purchase agreement with Anson Funds, the structured equity financing counterparty to the company. The amendment revises a prior $500 million equity purchase facility, which had been structured to support a Bitcoin treasury strategy, leaving $485 million available for deployment into AI infrastructure initiatives, according to the filing. The Bitcoin treasury was previo...
Bitcoin’s rally on Monday pushed it above $80,000 for the first time since January as analysts say BTC price could rise further to fill the futures gap at $84,000 in the short term. Market analysts said Bitcoin (BTC) is “primed for upward momentum” after rallying past $80,000 during the early Asian trading hours on Monday. Key takeaways: Read more
In past instances, BTC has averaged 24% gains in one month when institutional demand absorbed over 500% of the daily mined supply. Bitcoin (BTC) may rally toward $96,000 by June as institutions absorb more than five times the daily mined BTC supply, according to Capriole Investments founder Charles Edwards. In a Monday post, Edwards said institutions have been "slurping up 500%+ of Bitcoin’s daily mined supply." BTC/USD daily chart vs. institutional buying market cap. Source: Capriole Investments Read more