Browsing: Bitcoin

Signs of recovering spot demand are emerging in Bitcoin on-chain data, according to CryptoQuant contributor MAC_D. Even so, more confirmation is needed before concluding the current uptrend is being supported by strong spot demand. As of Sept. 30, apparent demand…

Bitcoin’s move toward the $88,000-$89,000 range is putting trading activity by investors who have held the asset for at least six months in focus, according to an analysis by on-chain analyst Darkfost. Darkfost said the average cost basis for holders…

Saifedean Ammous, author of The Bitcoin Standard, said Bitcoin treasury companies are unlikely to find it easy to compete with Strategy, according to an interview with Cointelegraph. Ammous said it was hard to find a compelling reason to choose another…

Citi raised its target price on Strategy (MSTR) to $240 from $136 and maintained a Buy rating after increasing its 12-month Bitcoin price forecast by 39% to $113,400, Walter Bloomberg reported. Citi estimated about 34 percentage points of the target-price…

Software company Utexo plans to issue USDT on the Bitcoin network this month, CoinDesk reported. Utexo has secured a commercial license for Bitcoin-based USDT issuance and plans to provide APIs, SDKs and cloud infrastructure to exchanges, wallets and payment service…

Crypto trader Killa said on X that BTC is showing a clear trend reversal, while the market still appears skeptical of the rally despite those signals. Killa said any price pullback should be bought quickly and aggressively. Killa added that…

Bitcoin could face a deeper decline if it falls below $83,000, as newly opened long positions entered above that level may be unwound, on-chain analyst Axel Adler Jr. said in a blog post. He said buy pressure in the BTC…

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.3% long, 49.7% short – Binance: 50.85% long, 49.15% short – OKX: 50.61% long, 49.39% short -…

Bitcoin wallet Electrum has fixed a Lightning Network backup flaw, but some users need to create new backups, CryptoSlate reported. According to the outlet, some wallets may be unable to recover BTC because existing backups lack the key information needed…

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows a volume heatmap, while the lower section represents cumulative volume delta, or CVD. – The volume heatmap tracks trading volume at each price…