Bitcoin Whales Go Quiet — Is Market Momentum Fading?
Nearly 40% of all Bitcoin in circulation was bought at prices higher than where it trades today, leaving a large share of holders sitting on losses. That figure, cited by analyst Darkfost, captures the strain building across the market as big players pull back from buying and demand shows little sign of recovery. Related Reading: […]
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Bitcoin continues to face strong resistance as it struggles to reclaim higher supply levels, with price action stalling below the $105,000 mark. The market remains caught between cautious optimism and lingering fear, as selling pressure persists but downside momentum appears to be fading. According to on-chain data from Arkham Intelligence, whales have continued to offload […]
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Bullish momentum appears to be fading on the Bitcoin market as the price of the leading cryptocurrency asset gradually falls back toward the $70,000 level. The growing bearish momentum is driven by heightened selling pressure across the market, backed by a confluence of macroeconomic and political events. Geopolitical Shock Drives Bitcoin Short Interest Several negative […]
Bitcoin’s on-chain network activity is experiencing a notable slowdown, even as the asset attempts to maintain its price above the $105,000 mark. Recent data from Glassnode highlights a sharp drop in daily transaction counts, pointing to the lowest network usage since late 2023. This trend contrasts with Bitcoin’s bullish momentum, which earlier saw it cross […]