Bitcoin Range Traps Traders At $65K — Are Long‑Term Holders Finally Surrender...
Bitcoin’s price is still in range rather than in a full risk‑off spill after a post‑expiry sell‑off, a string of red monthly closes, and geopolitical tensions. Bitcoin Remains Rangebound March 30th QCP Market Colour reports that Bitcoin briefly slipped to around $65k during thin Asian trading (low‑liquidity window where smaller orders can push price around disproportionately). It then snapped back into its usual weekend band between $66k and $67k. Throughout the month, this has been a recurring pattern: price softens into the weekend as traders cut risk, then grinds higher again as the new....
Related News
This week, Bitcoin shocked the world with a push beyond $15,000 and nearly hitting $16,000. At the time, altcoins bled out, but few more so than XRP. One crypto trader has shared a nasty looking long-term chart for Ripple, and believes that Bitcoin’s rally could finally force the “XRP army” to surrender and “admit defeat.” […]
Quick Facts: ➡️ Cardano’s ~6% open interest rise, $0.50 retest target, and ongoing upgrades show leveraged traders aligning with long‑term fundamental growth. ➡️ Network upgrades and scalability changes continue to build the case for Cardano as a long‑term smart contract platform. ➡️ Together, Bitcoin Hyper, Best Wallet Token, and Cardano offer a mix of early‑stage […]
Quick Facts: ➡️ VanEck attributes Bitcoin’s latest downturn to mid‑cycle holders, while long‑term whales remain steady and futures data points to a positioning reset. ➡️ Additional pressures include OG selling, October deleveraging, and offshore trading volatility, creating a choppy backdrop even as structural conviction among core holders persists. ➡️ Bitcoin Hyper plans to extend Bitcoin […]
Bitcoin saw a notable influx of buying pressure yesterday that helped send its price rocketing towards $11,000 The strength of this movement was notable, and BTC has yet to surrender any of its recent gains to sellers Despite the technical strength currently being expressed by Bitcoin, it is imperative to note that it remains caught within its mid-term range This trading range has been formed between $10,200 and $11,200 One analyst is now noting that […]
Short term Bitcoin holders (STHs) have been aggressively adding the OG cryptocurrency to their portfolios since September 2024, adding over 1.5M BTC. This takes the total tally of Bitcoin with STHs to 4M. In case you didn’t know, short-term holders are those market participants who hold the token for less than 155 days. Can Short-Term Holders Buy More $BTC? Interestingly, all of the previous Bitcoin rallies have come when short-term holders have exhausted their buying momentum. For instance, in the 2013 cycle, STHs held almost 5M BTC, while in the 2017 cycle, they had 6.2M coins.....