A shallower Bitcoin drawdown than previous cycles "indicates a maturing market with reduced volatility and stronger institutional confidence," said Nick Ruck, director of LVRG Research. Bitcoin (BTC) has declined by about 50% this market cycle, far less than in previous cycles, Fidelity Digital Assets said, adding this trend could continue over time. Bitcoin’s post-all-time-high drawdowns have historically been steep, at about 80% to 90%, but this cycle has been about 50%, Fidelity Digital Assets research analyst Zack Wainwright said Tuesday. One can see the “diminishing returns” that have developed from cycle to cycle when looking at Bitcoin’s price performance from the perspective of the previous all-time high, he said. Read more
Bitfarms said it was impacted by a decline in Bitcoin prices last year. The company is now five months into its pivot from Bitcoin mining to HPC and AI. Bitfarms (BITF) shares climbed 6.6% on Tuesday despite reporting a widened $284.5 million net loss for 2025, driven by a decline in Bitcoin prices and a high cost of revenue, with the company advancing its pivot to AI and high-performance computing. The company’s full-year results statement on Tuesday showed a 72% year-on-year increase in revenue to $229 million. This was outweighed by $248 million in cost of revenue, leading to a gross loss. General and administrative expenses also increased year over year, while the change in fair value of digital assets led to a $50.5 million loss in 2025 compared with a gain of $26 million in 2024. This was partially offset by a $28.2 million realized gain on the sale of digital assets. Read more
Bitcoin held gains above $68,000 as investors leaned into news that the US and Iran were ideating ways to end the war. Will markets hold their newfound bullishness? Bitcoin (BTC) briefly jumped to $68,589, and US stock markets rallied as investors reacted to US President Donald Trump's statements on considering options for ending the US and Israel-Iran war. Separate, unconfirmed comments attributed to Iranian President Masoud Pezeshkian also suggested that Iran may be looking for ways to end the war. On Tuesday, reporting from The Wall Street Journal said that President Trump told his aides that he could consider ending the war in Iran, with the Straight of Hormuz remaining partially closed, but an official statement has not been given. Unconfirmed reports also suggest that Iran’s president is looking for a way to exit the conflict with certain assurances being made by the US and Israel. Regardless of the accuracy of the statements from either president, the DOW gained more than 1,125 points, while the S&P ...
Bitcoin rallied to $68,000 as markets responded positively to the prospect of the US and Israel-Iran war ending, but data shows futures traders are not convinced. Key takeaways: Bitcoin reclaimed $68,000 as President Trump hinted at ending the Iran War even if the Strait of Hormuz remained partially closed. Bitcoin derivatives data show high fear, with put options at a premium and low demand for bullish leveraged trades. Read more
Futures market activity continues to drive Bitcoin price, while insufficient buy-side spot demand shortens the length of bullish breakouts and pins BTC in a $10,000 range. Bitcoin’s (BTC) price action has been pinned between $60,000 and $70,000 over the past two months as leverage-dominant trading, weak spot market demand, and consistent losses from short-term holders have prevented rallies from sustaining their momentum. Combined, these market events create the current fragile setup, where Bitcoin price stability depends more on futures positioning than fresh capital inflows and this explains why BTC price remains volatile within its current range. According to Wintermute, the perpetual futures market activity continues to outweigh spot participation across the major exchanges. The perp-to-spot volume ratio has climbed to 15 times (15X), pointing to a price control largely by leveraged positioning. The funding rates oscillate between positive and negative without holding a trend, showing a lack of direction...
Analysts expect Bitcoin’s price consolidation to tilt toward $60,000, but technical charts favor a liquidation rally toward $82,000. Bitcoin’s (BTC) consolidation extended into a fifth week since making a major low at $60,000 on Feb. 6, but the daily chart shows the range tightening as the price swings between its daily highs and lows narrow. Some analysts may view the pattern of higher lows and lower highs as proof of a pending breakout, especially when considering positive developments like the resumption of buying from institutional investors, Morgan Stanley’s announcement of its soon-to-launch spot BTC ETF and a wave of hefty purchases by Strategy, but Bitcoin’s market structure is still in favor of the bears. In a Monday Telegram post, independent market analyst filbfilb described the market read as “still bearish overall on outlook, but the 50 DMA and diagonal resistance are nicely placed to prove that wrong should it be the case.” Read more
BTC price will find it difficult to establish a new record high if Bitcoin developers don't take the quantum threats seriously, one analyst says. A group of Bitcoin (BTC) wallets holding millions of coins could be vulnerable to future quantum attacks, research published by Google, Caltech, and quantum startup Oratomic shows. Key takeaways: The main risk centers on older addresses with already exposed public keys. Read more
Bitcoin whale selling eased as BTC exchange inflows dropped sharply, making the trend line near $59,000 the critical support level to watch. Bitcoin (BTC) climbed to an intraday high of $68,300 during the early Asian trading hours on Tuesday amid a decline in whale selling. Selling in the derivatives markets also eased, suggesting that the “bearish position is becoming less aggressive,” according to a new analysis. Key takeaways: Large BTC deposits to Binance have dropped significantly, signaling reduced selling pressure. Read more
A notable bid-ask imbalance for Bitcoin exists near $66,000, possibly raising the chance for a relief rally to $71,000. Bitcoin (BTC) data flashed a rare bid-side imbalance when it traded below $65,000 on Sunday. The bid-ask ratio showed strong buying pressure across multiple depth levels, which may have confirmed a short-term bottom for BTC price. With more than $1.6 billion in short leveraged positions at risk of liquidation near $71,000, the setup centers on the possibility of a relief rally if BTC can hold above $66,700 on the daily chart. Data from Hyblock captured a sharp bid-side skew near $65,000 on Sunday. The imbalance ranked in the 99th percentile across the 1%, 2%, 5% and 10% orderbook depth, marking one of the strongest buying responses in recent weeks. Read more