Bitcoin Accumulation Signals Imminent Price Drop
Bitcoin Accumulation Trend Score turns red, signaling potential further decline in $BTC prices as on-chain analysis reveals shifting investor behavior. • #Update • #Crypto • $BTC • (-3) • ↘
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Bitcoin Accumulation Trend Score turns red, signaling potential further decline in $BTC prices as on-chain analysis reveals shifting investor behavior. • #Update • #Crypto • $BTC • (-3) • ↘
The bitcoin market shows seller dominance at surface levels, but deeper layers reveal bargain hunters poised to buy as $BTC trades around $94,000 amid U.S. inflation concerns. • #Update • #Crypto • $BTC • (+3) • →
Bitcoin dips to $92,805 amid $524M in liquidations; analyst Timothy Peterson predicts $BTC could hit $1.5M by 2035 using Metcalfe’s Law, while others see potential further decline to $86,500 before a rebound. • #Update • #Crypto • $BTC • (+3) • →
Investors withdrew $582M from U.S.-listed spot $BTC ETFs amid macroeconomic uncertainties, marking the second-largest outflow since inception; @Fidelity’s FBTC led with $258M loss. • #Update • #ETF • $BTC • (-4) • ↘
@CleanSpark_Inc has mined over 10,000 $BTC in the US, marking a 236% yearly increase. The company focuses on operational efficiency and capital strategy, with all BTC mined domestically. • #Update • #Crypto • @CleanSpark_Inc • (+3) • ↗
Thai police seized nearly 1,000 Bitcoin miners in a raid on a registered crypto trading firm accused of stealing hundreds of millions of baht from electricity providers, totaling at least $2.88 million. • #Breaking • #Legal • $BTC • (+8) • ↗
The total cryptocurrency market cap has fallen below $3.2 trillion, with over $300 billion wiped out since Jan. 6, as Bitcoin ($BTC) hovers above $93,000 amid rumors of U.S. government BTC liquidation. • #Update • #Crypto • $BTC • (-5) • ↘
$BTC has not yet reached the “extreme euphoria” zone, says @glassnode, with current trading at $93,400. The MVRV ratio indicates more room for growth before hitting historical peaks. • #Update • #Crypto • $BTC • (+3) • ↘
China’s banking sector criticizes Trump’s Bitcoin strategy, claiming it undermines his US dollar ambitions, as Hong Kong authorities dismantle a deepfake AI scam targeting cryptocurrency investors. • #Breaking • #Crypto • $BTC • (+8) • ↗
Concerns arise over the transparency of wrapped bitcoin derivatives as some $BTC-backed assets may not be fully collateralized, potentially destabilizing the market. • #Update • #Crypto • $BTC • (+3) • →
British engineer James Howells loses court battle to excavate Newport landfill for hard drive with 8,000 $BTC, valued at $740M; council cites environmental risks like arsenic and methane. • #Breaking • $BTC • (→) • ↘
China Construction Bank’s executive criticizes Donald Trump’s Bitcoin strategy, claiming it undermines his US dollar goals, while Hong Kong authorities dismantle a deepfake AI pig butcher scam network. • #Breaking • #Legal • $BTC • (+8) • ↗
$BTC retreats to $93,000 amid rising U.S. Treasury yields and inflation concerns, but Deribit options market shows bullish sentiment with $120K calls popular. CoinDesk advises caution as macro factors weigh on crypto markets. • #Update • #Crypto • $BTC • (+3) • ↘
Thai authorities seized nearly 1,000 Bitcoin mining devices from @JITCo in Chonburi for illegal electricity use worth millions. Legal actions are ongoing against those responsible. • #Breaking • @JITCo • (-7) • ↘