English < Article List - DigitalToday

Search results for Ray Researcher

Crypto

Bitcoin exchange holdings down 130,000 since February, raising questions on further gains

Bitcoin exchange holdings have fallen since February, prompting analysis that the price could rise further as immediately tradable supply tightens. An on-chain researcher cited by Bitcoin Magazine said exchange-held bitcoin declined to 2.67 million from 2.8 million. Analysts said shrinking reserves can support a longer-term uptrend if buying demand improves. Bitcoin recently traded at $83,485, up 8 percent in 30 days, but remains more than 30 percent below its record high.

Crypto

Bitcoin slips below $70,000 as short-term holders cut losses

Bitcoin fell below $70,000 for the first time since April, prompting assessments that it has re-entered a redistribution phase. Selling pressure strengthened as loss selling increased, exchange inflows rose and extreme fear spread. A short-term holder profit indicator fell below 1, suggesting newer investors may be driving sales. On-chain profit and loss metrics worsened and sentiment gauges dropped to extreme fear. Spot bitcoin ETFs recorded 11 straight sessions of net outflows.