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Bitcoin slips toward $62,000, trims rebound; CryptoQuant says room to rise

Bitcoin slipped toward $62,000, giving back part of its recent rebound after falling to $57,700 last week and recovering $64,000. On-chain analytics firm CryptoQuant said the market looks like a recovery within a bear market rather than a renewed bull market, citing its Bull Score index at 20. It said July has been relatively strong historically, demand and selling pressure indicators are improving, and $60,000 support leaves room for further short-term gains.

Crypto

Bitcoin short-term holders\' losses deepen as 50,000 BTC move to exchanges

Bitcoin short-term holders have moved a large amount of loss-making coins to exchanges, raising renewed concerns about near-term capitulation. About 50,000 BTC flowed to exchanges over the past 24 hours, the largest since June 4, and 9,500 BTC went to Binance. CryptoQuant data show the market value of short-term holders’ positions fell to $237.7 billion. Long-term holders, however, sent a record 181,000 BTC to accumulation addresses.

Crypto

Bitcoin could drop below $24,000 in 2026; a sharp U.S. stock selloff is the variable

Bitcoin could fall below $24,000 in 2026 if a macro shock sends U.S. stocks down more than 50 percent, a forecast said. Technical analyst Jesse Olson told Cointelegraph bitcoin could slip to $23,980, citing a long-term support line based on his Market Sniper Pro VWAP indicator. Some market figures warned of a potential equity correction. Coinbase premium readings and U.S.-listed spot bitcoin ETF flows have stayed weak, with $4.68 billion of net outflows since May.