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Crypto

Bollinger sees \'W\' pattern on bitcoin chart signalling possible rebound

Analysis suggests a double-bottom \'W\' pattern is forming on bitcoin charts, indicating a possible end to the downtrend. John Bollinger, creator of Bollinger Bands, said the pattern could be a meaningful signal unlike prior rebound attempts. He pointed to a fractal structure and urged looking at weekly charts for a higher time-frame \'W\'. He said a break above about $65,000 could signal the downtrend ending, though ETF outflows and rate-hike worries persist.

Crypto

49,000 bitcoin flow into exchanges bolsters $61,000 support

Bitcoin exchange inflows jumped to about 49,000 bitcoin in a day, renewing concerns about higher market volatility. CryptoQuant said rising inflows across bitcoin, ether and altcoins have repeatedly appeared ahead of directional price moves. Average deposit size doubled to 2 bitcoin, suggesting whales and institutions are moving coins to exchanges. Bitcoin dipped to $59,520 on July 2 before rebounding above $61,000, with CryptoQuant citing $60,000 as key support.

Crypto

Bitcoin whales buy despite spot ETF outflows, mixed bottom signals

Bitcoin holdings in loss have exceeded those in profit, even as some long-term holders and wallet groups return to buying, signalling an early bottoming process. Glassnode data showed 10.83 million bitcoin in loss versus 9.22 million in profit, with loss-making supply at 54 percent. U.S.-traded spot bitcoin ETFs continue to see net outflows. Spot order books show demand building below price, while derivatives markets show crowded long positioning and options skew hits a one-year high.