Bitcoin could be vulnerable to a short-term price pullback according to analysis of key technical indicators and on-chain metrics. Bearish divergence in the Relative Strength Index (RSI) currently suggests weakening upside momentum, a signal that has historically preceded price corrections.… Read More »Bitcoin Faces Short-Term Correction Risks as Technical Indicators Flash Warning
A dormant Bitcoin wallet originating from the Satoshi era transferred 16,843 BTC, valued at approximately $1.99 billion, to Galaxy Digital. Subsequently, 2,000 BTC from this transfer were deposited onto cryptocurrency exchanges Bybit and Binance. This significant movement coincided with a… Read More »Satoshi-Era Whale Moves $1.99 Billion in BTC, Sparking Market Correction Concerns
Bitcoin continues to encounter formidable resistance near the $108,000 price level, with technical indicators and market dynamics suggesting an increased likelihood of near-term downward pressure. The cryptocurrency has only managed to close above this critical threshold in three out of… Read More »Bitcoin Faces Strong Resistance at $108K as Technicals Signal Potential Pullback
Bitcoin’s futures market has undergone significant deleveraging as Open Interest – the total value of unsettled derivative contracts – dropped by $1 billion. This reduction signals a broad unwinding of speculative positions amid growing market uncertainty. The decline follows Bitcoin’s… Read More »Bitcoin Open Interest Plummets $1 Billion Signaling Market Correction Risk