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Crypto

Bitcoin slips to $77,000 range after failing at $80,000 resistance

Bitcoin slid back below $78,000 after running into resistance near $80,000, with the price down about 2 percent over the past 24 hours. Markets see concentrated sell orders around $80,000 as capping gains, though one analyst called the move a temporary pullback within a broader uptrend. On-chain data showed stablecoin inflows to Binance and continued U.S.-listed spot bitcoin ETF inflows. DeFi security incidents and oil prices were cited as risks.

Crypto

Long-term bitcoin holders lock up coins as short-term holders sell, signaling divergent supply flows

Inflows of 1 bitcoin or more to exchanges have fallen to their lowest level since 2018, tightening spot supply as coins become less liquid, according to a blockchain media report. Binance monthly average deposits of 1 bitcoin or more are about 6,000 bitcoin, down from 15,400 bitcoin in 2021. Short-term holders, however, sent more than 65,000 bitcoin to exchanges in 24 hours as prices tested $75,000, while derivatives data showed rising short positioning.

Crypto

Bitcoin inflows to Binance plunge to 2020 levels as investors hold on

Bitcoin investors are choosing to hold rather than sell during a price pullback, with bitcoin flowing into Binance dropping to its lowest level since 2020, The Crypto Basic reported. CryptoQuant analyst Darkfost said Binance’s 30-day moving average inflow fell to about 3,998 BTC, around three times below a typical average of 11,000 BTC. The shift may also reflect alternative routes such as spot bitcoin ETFs, he said.