Spot Bitcoin ETF flows play a key role in the asset’s price action, but macroeconomic and geopolitical concerns are also impacting investors’ choice to buy BTC. Key takeaways: Bitcoin demand is driven by investors’ macroeconomic fears, not just spot BTC ETF netflows. Global bond market volatility is boosting Bitcoin’s safe-haven appeal, with interest rate cuts and rising inflation triggering a shift into risk assets. Read more
Bitcoin has dropped 10% since its latest all-time highs — how much lower could BTC price action go before setting a local bottom? Bitcoin (BTC) has dropped 10% from all-time highs in a week as new support zones appear — where might BTC price action head next? Crypto traders and analysts weigh in on their market expectations as bulls fight for $105,000 to end the Wall Street trading week. Bitcoin has taken a break from upside this week, returning to test levels last seen around 10 days ago. Read more
Bitcoin is seeing increasing profit-taking, new research confirms, while Hyperliquid’s Wynn joined those liquidated during the latest 10% BTC price retreat. Key points: Bitcoin profit-taking is in full swing, but this can end up sustaining the bull market, Santiment research argued. Coins are spending increasingly less time in wallets, but the market is not suffering from “short-term speculation.” Read more
Chinese state-backed think tank highlights Bitcoin as a reserve asset against USD, Sony’s online bank launches new crypto unit. Asia Express. The International Monetary Institution (IMI), Chinas state-backed finance think tank, has republished an article that quietly elevates Bitcoin in the reserve asset debate. The report by former White House economist Matthew Ferranti, originally published in October by the Bitcoin Policy Institute, argues that Bitcoin can serve as a hedge for central banks in developing economies, particularly those exposed to US dollar weaponization. It was republished by the IMI on its official WeChat account on May 28 with an editorial note stating Bitcoins rise as a reserve asset deserves continued attention. The IMIs editorial note lays out that the appeal of US dollar assets is waning due to deficits, inflation and falling real yields. As a result, gold faces new challenges and Bitcoin is emerging as a serious contender for strategic reserves. Read more
Strong demand from US-based investors sends Bitcoin’s Coinbase premium on a 20-day streak, and chart technicals hint at a rally to $118,000. Key takeaways: A 20-day Bitcoin Coinbase Premium streak signals strong institutional investor and retail investor interest. Falling BTC inflows from short- and long-term holders reduce downside risk. Read more
Bitcoin price hovers around the $111K all-time highs, and multiple onchain and technical data suggests that the upside is not over for BTC. Key takeaways: Bitcoin’s price consolidates below its all-time high of nearly $112,000. Whale accumulation, strong ETF inflows and other factors suggest BTC is on track to $120,000. Read more
Bitcoin is getting bullish cues from its "cleanest trend indicator," leading analysis to predict a run to $200,000 this year. Key points: Bitcoin’s “cleanest trend indicator” is flashing bullish for the first time since mid-2024. Previous signals mostly resulted in a BTC price blow-off top over the coming year. Read more