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Crypto

Bitcoin rebound driven by whales and ETFs; $69,000 is pivotal

Bitcoin continues trading below $69,000, a level seen as the average cost basis for short-term holders, with the U.S. Federal Reserve decision on July 29 set to test whether the rebound can last. The rally has relied mainly on spot bitcoin ETF inflows and buying by large wallets holding 1,000 to 10,000 bitcoin. Rising oil prices and U.S. Treasury yields are capping gains, while $63,000 is highlighted as key support.

Crypto

Bitcoin at a crossroads; reclaiming $69,000 could determine rebound

Bitcoin is testing direction around $69,000, the recent buyers\' average entry level, with $52,891.91 cited as a key downside risk zone if demand does not recover. It trades near $64,700, requiring a 6.69 percent rise to reach $69,000 and leaving 18.22 percent downside to $52,891.91. Selling pressure has eased, but buying has not confirmed a rebound. Mixed institutional and spot signals add to uncertainty.

Crypto

Bitcoin next bottom signal may be emerging as Glassnode flags bear market signs

Realized losses among bitcoin holders who have held for 1 to 2 years are starting to slow, an analysis showed, raising the possibility of early signs of a 2026 bear market bottom. Glassnode’s chief research analyst Cryptovizart said loss-realization patterns among investors who bought near the cycle peak resemble past bear-market bottom structures. Glassnode also pointed to short-term holders’ average cost basis near $69,000 as a potential resistance level.