Search results for K33 Research
Crypto
Bitcoin bear market bottom up to 101 days away as loss supply stays above 50 percent
Bitcoin is showing on-chain patterns similar to past bear-market lows, with more than half of supply held at a loss since June 5, according to K33 Research. The firm said previous cycles saw a bottom within as long as 101 days after the loss-held share exceeded 50 percent. This year marks the second-longest such period at 42 days. CryptoQuant also pointed to similar signals, though it put the loss-held share at 46 percent.
Crypto
Bitcoin loses direction as volatility rises on long and short liquidations
Bitcoin rose to $78,000 in intraday trading on May 26 before sliding quickly, extending a market driven by short-term liquidity liquidations. It showed sharp volatility that shook both long and short positions and failed to track gains in U.S. stocks. CoinGlass data showed $66 million in bitcoin liquidations over the past 24 hours. Analysts pointed to Middle East risks, key technical levels and rising futures funding rates, while spot and derivatives activity remained subdued.
Crypto
STRC demand may have supported bitcoin as Strategy purchase structure draws attention
Demand for Strategy’s perpetual preferred stock STRC may have supported bitcoin’s rise in mid-March and April, a report said. K33 research head Vetle Lunde said buying ahead of STRC’s monthly ex-dividend date can lift the price back toward $100, prompting Strategy to issue more shares via an at-the-market programme. The proceeds are then used to buy bitcoin, repeating the pattern. Strategy’s monthly purchases rose through April, while May slowed.