Bitcoin risks ‘sharp weekend price swings’ as ETFs suck up liquidity
Bitcoin trading volume and liquidity are being concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend.
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Bitcoin trading volume and liquidity are being concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend.
A unique trading pattern projects a massive upward move for Bitcoin price within the next few months.
Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges.
Santiment found that wallets holding between 10 and 1,000 BTC “rapidly accumulated” as Bitcoin fell under $50,000 amid “Crypto Black Monday.”
On-chain activity suggests that Bitcoin whales have been accumulating over the past month amid a market slump.
Traders say Bitcoin presents the “best buying opportunity” after BTC price rebounds toward the $57,000 level.
Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility.
Bitcoin declined by a very similar amount following the halving in 2016 and before the 2017 bull run.
Bitcoin could experience another two months of downside pressure before a bullish chart pattern could lead to a breakout.
Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations.
