Bitcoin | Crypto

Bitcoin’s daily funding rate has been deeply negative for days, reflecting heavy short positioning, but historical data also suggests that a squeeze on bears could be brewing. Bitcoin (BTC) formed a new weekly low at $65,500 on Thursday, and the price has continued to trend lower over the past four days. Derivatives data also indicate that traders are heavily positioned to the downside.  Analysts said that this setup may lead to a sharp move higher that forces sellers to close their positions, even as other indicators hint that the move may not be straightforward. Key takeaways: Read more

The funding follows a $305 million Bitcoin sale and increases a key investor’s voting power to nearly 50%, as the company restructures its balance sheet amid sector volatility. Bitcoin miner Cango said it closed a previously announced $10.5 million equity investment from Enduring Wealth Capital Limited and entered into agreements for an additional $65 million in equity financing from entities owned by Cango chairman Xin Jin and Chang-Wei Chiu, a director of the company. According to Thursday’s announcement, the $10.5 million investment was completed through the issuance of seven million Class B shares priced at $1.50 each. The shares carry 20 votes per share, increasing Enduring Wealth Capital’s voting power to 49.7% from 36.7%, while its economic ownership remains below 5% of outstanding shares. The additional $65 million would be raised through the issuance of about 49 million Class A shares, which carry one vote per share, at $1.32 each. The investments are being made through entities wholly owned by Jin a...

Binance converts $1 billion SAFU fund fully into Bitcoin, buying 4,545 BTC to finish its reserve overhaul.

Glassnode analysts said Bitcoin remains stuck between “key cost-basis levels,” and a prolonged consolidation period may lie ahead even if traders are actively buying dips to the range lows. Fresh data from Glassnode says Bitcoin (BTC) may be in for another “prolonged phase of range-bound” price action if key support levels are not reclaimed. Key takeaways: Bitcoin is stuck between key cost-basis levels, predicting 2022-type consolidation unless key support levels are reclaimed. Read more

Bitcoin may continue to copy its 2022 bear market if bulls fail to reclaim the 200-week exponential moving average by the end of the week, new analysis said. Bitcoin (BTC) battled a key 200-week trend line around Thursday’s Wall Street open as “bearish acceleration” fears persisted. Key points: Bitcoin threatens to add the 200-week exponential moving average to its list of new resistance levels. Read more

Bitcoin can bottom soon because a 2026 recession, or a stock market crash, keeps looking like the outlier scenario My core idea around the Bitcoin market has remained the same since last September, before we hit the all-time high in October. I laid it out clearly in my medium-term $49,000 Bitcoin bear thesis published on […] The post Bitcoin price looks to bottom out near $50,000 as recession fears retreat despite scary headlines appeared first on CryptoSlate.

A mistaken Bitcoin payout revealed how exchange ledgers work and why South Korea is rethinking internal controls for crypto platforms. A simple data-entry error allowed 620,000 nonexistent BTC to appear in user accounts for 20 minutes because trades update a private database first, with onchain settlement happening later. Around 1,788 BTC worth of trades were executed before the exchange locked everything down. What could have been dismissed as a harmless error turned into a serious operational and regulatory event. Regulatory filings showed Bithumb held only 175 BTC of its own in Q3 2025, while it held custody of over 42,000 BTC for customers. This highlights how heavily the system depends on accurate internal accounting. Read more

Bitcoin net taker volume flipped positive after a month of "aggressive" selling, but sentiment crashed to its lowest levels in crypto market history. Bitcoin (BTC) market sentiment has begun to recover as exchange traders reconsider selling. Key points: Bitcoin taker flow finally sees positive values after a month of seller dominance. Read more

The current market downswing could be driven by institutional investors exiting positions, as crypto still presents too much risk for them. Bitcoin market observers believe that the recent price slump may actually reflect the asset’s wider adoption by institutions, which still don’t see it as a risk-off asset. It’s been rough out there for crypto in recent months. Since October, when Bitcoin’s price reached a high of over $120,000, BTC has been gradually sliding. In recent weeks, it dropped sharply, down over 25% on the month. Amid the sell-off, market observers have been looking for explanations. Bitwise chief investment officer Matt Hougan attributed the fall to the notorious four-year cycles that have previously defined crypto market price swings. Read more

Onchain data shows nearly 49,000 BTC moved from miner wallets in two days, but public disclosures suggest the transfers do not reflect broad capitulation. Bitcoin miner outflows jumped to 28,605 BTC, worth about $1.8 billion, on Feb. 5, one of the largest single-day transfers since November 2024, as prices swung sharply during a volatile trading session. Another 20,169 Bitcoin (BTC), worth about $1.4 billion, left miner-linked wallets on Feb. 6, according to data from CryptoQuant. The last comparable spike occurred on Nov. 12, 2024, when outflows reached 30,187 BTC. The spike coincided with sharp price swings, with BTC trading at about $62,809 on Feb. 5 before rebounding to $70,544 a day later. Large miner wallet transfers during volatile sessions often draw scrutiny because they can signal potential selling pressure.  Read more

Binance completed its $1 billion Bitcoin conversion for its emergency user fund as crypto sentiment hit record lows and smart money traders increased short exposure. Binance completed the $1 billion Bitcoin conversion for its emergency fund, committing to holding Bitcoin as its core reserve asset. Binance purchased another $304 million worth of Bitcoin (BTC) on Thursday, completing the conversion of $1 billion in Bitcoin for its Secure Asset Fund for Users (SAFU) wallet, according to Arkham data. The fund now holds 15,000 Bitcoin, worth over $1 billion, acquired at an average aggregate cost basis of $67,000 per coin, Binance said in a Thursday X post. Read more

Cathie Wood’s ARK Invest bought nearly $50 million of Robinhood, Bullish and Circle shares as Bitcoin dipped and US spot BTC ETFs saw $276 million in outflows. ARK Invest, the investment firm led by Bitcoin bull Cathie Wood, snapped up a significant batch of crypto-linked stocks on Wednesday as BTC briefly dipped below $66,000. ARK purchased 433,806 shares of Robinhood (HOOD) for approximately $33.8 million, according to a trade notification reviewed by Cointelegraph. The asset manager also boosted its exposure to crypto exchange Bullish (BLSH) and USDC (USDC) issuer Circle (CRCL), acquiring 364,134 shares valued at $11.6 million and 75,559 shares worth $4.4 million, respectively. Read more

Strategy CEO Phong Le says the company is moving away from issuing and selling common stock to buy Bitcoin and isn't interested in acquiring Bitcoin treasuries. Bitcoin treasury company Strategy will further lean on its preferred stock sales to acquire Bitcoin, shifting from its strategy of selling common stock, says CEO Phong Le. “We will start to transition from equity capital to preferred capital,” Le told Bloomberg’s “The Close” on Wednesday. Stretch (STRC) is Strategy’s perpetual preferred stock, launched in July, and is aimed at buyers looking for stability by offering an annual dividend of over 11%.  Read more

Bitcoin’s rejection at $70,000 and the large liquidity void below leave $60,000 vulnerable, a move analysts see as likely in the coming days. Bitcoin (BTC) price fell to $65,800 on Wednesday, slipping back below key intraday trend lines and raising concerns that last week’s drop to $60,000 may not have been the final bottom. Now, analysts say the possibility of another drop to the yearly low ($59,800) is increasing due to a growing liquidity gap between $66,000 and $60,000.  Key takeaways: Bitcoin has formed a series of lower highs after repeated rejections near the $70,000–$72,000 resistance zone. Read more

Bitcoin price crumbled back toward its 2026 low as a lack of fresh capital inflows, weak investor sentiment, and rising selling in spot markets chipped away at the $66,000 level. Bitcoin (BTC) has now retraced for three straight days, slipping below $66,000 during the New York session on Wednesday. The decline came after a failed push above $70,000, as weak buying interest allowed sellers to maintain control. Onchain data suggest that the pullback is possibly driven by spot-led selling on Binance, while the lack of a Coinbase premium during the US market session signals muted participation from US investors. Key takeaways: Read more

Bitcoin price could still reach $150,000 by year-end, but several things must happen for BTC price to find its technical footing and spark a new bull run. Bitcoin (BTC) may recover from its ongoing slump and reach $150,000 by the year’s end, according to a recent Bernstein outlook. Key takeaways: Bitcoin must hold the 200-week SMA and see new-investor flows turn positive. Read more

At 8:30 a.m. Eastern, the U.S. labor market handed traders a breaking story with two timelines, one for today, one for last year. Nonfarm payrolls grew by 130,000 in January, unemployment held at 4.3%, and wages kept climbing. The details came straight from the BLS, the monthly snapshot that tells markets how hiring and paychecks […] The post Bitcoin price is sliding today because the government admitted nearly 1 million jobs from last year never existed appeared first on CryptoSlate.

Bitcoin volatility spiked on the back of surprisingly strong US nonfarm payrolls numbers, but traders retained $50,000 BTC price targets. Will a Fed rate decision lead to a bullish outcome? Bitcoin (BTC) saw flash volatility around Wednesday’s Wall Street open as US jobs data came in well above expectations. Key points: Bitcoin attempts to rescue the day’s losses on the back of stronger US nonfarm payrolls data. Read more

Bank of America Securities expects the Bank of Japan (BoJ) to raise its policy rate from 0.75% to 1.0% at its April 27-28 meeting. Markets already price roughly 80% odds of that outcome, according to swap data cited in recent BoJ meeting minutes. The 25-basis-point move itself sounds modest, but the debate it has sparked […] The post Odds Bank of Japan raises rates hits 80% with Bitcoin on the sideline – one hidden signal decides everything appeared first on CryptoSlate.

Danske Bank said it is opening access to Bitcoin and Ether ETPs for self-directed clients after years of caution on crypto, citing rising customer demand and clearer EU rules. Danske Bank, the largest bank in Denmark and a major retail bank in Northern Europe with over five million customers, is allowing clients to buy Bitcoin and Ether exchange-traded products (ETPs) from BlackRock and WisdomTree via its eBanking and Mobile Banking platforms for the first time.  The new offering, announced Wednesday, is open to self-directed investors only — customers who trade on the bank’s platform without receiving investment advice — and is explicitly framed as a response to “increasing customer demand” and “improved regulation” in the wake of the European Union’s Markets in Crypto Assets (MiCA) regime. The bank said customers can initially buy three “carefully selected” ETPs, two tracking Bitcoin (BTC) and one tracking Ether (ETH), offered by BlackRock and WisdomTree and covered by Markets in Financial Instruments Direc...