Bitcoin Under Pressure As Selling Pressure Refuses To Ease In Sideways Market...
For the past few days, the price of Bitcoin has been hovering between the $70,000 and $64,000 range, with no definite trajectory within the period. Despite the lack of direction in price, selling activity has continued across the market, effectively putting robust pressure on the leading cryptocurrency asset. Persistent Selling Activity Weighs on Bitcoin While […]
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The founder of Bytetree Asset Management, Charlie Morris, has suggested the reduction of the GBTC management fee as one way Grayscale Investment can ease the current selling pressure and possibly reduce the discount on the shares. Morris says if no action is taken, “the selling pressure will build” and “could morph into a systemic risk.” Recent GBTC Buyback Insignificant On the other hand, Morris, who is also the chief investments officer (CIO) at Bytetree, thinks Grayscale’s recent $250 million GBTC may be too insignificant to make a difference. However, in....
Bitcoin’s price action as of late has greatly favored buyers, with the cryptocurrency being caught within the throes of an intense bout of sideways trading just below $19,000 as buyers try to garner enough buy-side pressure to break through this level. The selling pressure here has been intense, but it has yet to catalyze any […]
Bitcoin has pushed back above the $90,000 level after several days of intense selling pressure, bringing a brief moment of relief to a market overwhelmed by fear and uncertainty. Despite the rebound, bulls remain under pressure as speculation of an incoming bear market continues to grow. Many investors are still digesting the sharp correction from October’s all-time high, and confidence has yet to fully return. Related Reading: Major Bitcoin LTH Sell-Off Signals Cycle Exhaustion as Supply Drops to 13.6M BTC According to top analyst Darkfost, one of the key indicators reinforcing this....
Bitcoin is trading at a decisive level after surging to fresh all-time highs, touching $124,000 before pulling back. Bulls remain in control, but the market now shows signs of hesitation, with BTC struggling to confirm momentum above $120,000. This price action reflects indecision among traders as the market balances profit-taking with renewed accumulation. Related Reading: Ethereum On-Chain Volume Soars To $13 Billion, Approaching Historic Records On-chain data highlights a key shift in dynamics. After a sharp increase in the 30-day average Coin Days Destroyed (CDD) — a metric often used....
Ethereum has seen an intense selloff ever since its price reached highs of $1,450 just a few days ago The selling pressure here was rather intense and came about right as BTC started reversing its uptrend This caused the aggregated market to see some intense selling pressure that has yet to alleviate The crypto is […]