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The gap between new and old Bitcoin whales continues to widen as BTC trades below $68,000. Will young whales continue to accumulate, or will older whales capitulate first? Bitcoin’s (BTC) price continued to consolidate near $68,000 on Tuesday, but sustained weakness below this level may generate additional sell pressure from the newest cohort of large holders. While the long-term whales remain in profit, short-term whales are sitting on sizeable unrealized losses. One analyst highlighted how this pressure may impact BTC’s price, as other indicators point to a continued downtrend. Key takeaways: Read more

Analysts say Bitcoin’s volatile price action reflects an increasing risk of distribution as new BTC whales control the price action. Is a drop to $85,000 in play for the short term? Bitcoin (BTC) has struggled to regain momentum after the price dipped below $90,000 on Tuesday, with multiple analysts pointing to continued selling pressure in the short term. Key takeaways: New BTC whales with a holding period of less than 155 days now control more realized capital than the “OG” long-term holders. Read more

Are crypto IPOs the most accurate top signal, or just a tell investors keep retesting because it feels true during late-cycle heat? The tape offers a clean cluster to examine. Coinbase’s direct listing arrived on April 14, 2021, the precise day Bitcoin set a then record near $64,000. Stronghold Digital Mining priced its IPO on […] The post New Bitcoin ‘top signal’ is in – The bear market indicator you hate to see appeared first on CryptoSlate.

The United States could generate up to $14 trillion in cumulative value if 1% of federal taxes are paid in Bitcoin over the next two decades, according to new modeling from Bitcoin Policy Institute presented alongside Rep. Warren Davidson’s Bitcoin for America Act. The bill, introduced on Nov. 20, would allow taxpayers to settle federal […] The post New Bitcoin for America Act lets you pay the IRS in Bitcoin and fuels a $14T boost to economy appeared first on CryptoSlate.