Bitcoin price CPI gains last just 1 hour as Mt. Gox sell-off fears linger
A clutch CPI beat fails to buoy heavy crypto markets for long, with Bitcoin gaining then losing $1,000 within an hour.
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A clutch CPI beat fails to buoy heavy crypto markets for long, with Bitcoin gaining then losing $1,000 within an hour.
Bitcoin unrealized losses mount, but unlike previous market cycles, BTC hodlers underwater are keeping a lid on their emotions.
83% of short-term Bitcoin traders saw losses after BTC price recorded its deepest drawdown since 2022.
Bitcoin whales have become accumulators again, but analysts say BTC is still at risk of another sharp correction.
Bitcoin’s recovery faces selling near $60,000, indicating that bears remain active at higher price levels.
Bitcoin is exhibiting classic bottoming-out territory when viewed through the lens of unrealized losses, CryptoQuant says.
The German government is ramping up its Bitcoin sell-off, preparing to offload an additional $342 million worth of BTC.
BTC price upside momentum is building, but liquidity is bunching at $60,000 in an attempt to keep the market from reclaiming lost ground.
Bitcoin shrugs off the latest round of German government onchain transactions, but BTC price resistance trendlines stay out of reach.
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