The Bitcoin market is exhibiting signs of stress and uncertainty driven by unwinding leveraged long positions and fresh speculation regarding potential selling from Bhutan’s significant holdings. Bitcoin is currently trading near $116,500, reflecting a modest 0.85% decline over the reporting… Read More »Bitcoin Faces Uncertainty Amid Leveraged Long Unwinding and Bhutan Sale Speculation
Bitcoin’s recent decline to $111,964.01 underscores the cryptocurrency’s inherent market volatility, with analysts viewing the drop as a probable short-term correction rather than a fundamental market shift. The downturn was driven by multiple factors including sell-offs by large holders (‘whales’),… Read More »Bitcoin Price Correction to $111,964.01 Highlights Market Volatility and Recovery Prospects
Bitcoin’s recent pullback is widely interpreted as a routine market rotation rather than a signal of underlying weakness, bolstered by resilient technical indicators and historical trends. Analysts highlight that the current correction lacks signs of speculative overheating, with Swissblock’s Risk… Read More »Market Analysts View Bitcoin Correction as Healthy Rebalance Amid Robust Technicals