Search results for Swissblock
Crypto
Bitcoin changes after BlackRock\'s IBIT, analyst says volatility falls and outperforms S&P 500
Bitcoin’s 60-day historical volatility is moving closer to the level seen in spot gold exchange-traded funds, an analysis showed. Eric Balchunas, BlackRock’s senior ETF analyst, said Bitcoin’s volatility and correlation with gold are converging quickly. Since BlackRock’s iShares Bitcoin Trust began operations, Bitcoin’s volatility has fallen and now exceeds the level of spot gold ETFs. He also said IBIT has outperformed stocks and has more than doubled SPY since BlackRock filed for a spot bitcoin ETF.
Crypto
Bitcoin enters high-risk zone as outflows from U.S. spot ETFs raise institutional selling pressure
Bitcoin has entered a high-risk zone as outflows from U.S. spot Bitcoin exchange-traded funds continue, an analysis showed. Swissblock said its Bitcoin risk index rose to 33 out of 100, signalling heightened risk as selling pressure structurally outweighs buying. Glassnode recorded net outflows from U.S. Bitcoin ETFs on nearly every trading day since May 7, with more than $2 billion leaving spot ETFs over the past two weeks.
Crypto
Bitcoin demand slows, selling pressure grows, raising risk of drop to $72,000
Bitcoin faces rising downside risks as demand weakens and selling pressure builds, with technical indicators turning lower and key support levels under scrutiny. Analysts and traders cited a break below key moving averages, a drop in RSI and a retreat from around $82,000. Binance inflows have increased, a pattern seen as a potential sell signal. Apparent demand has fallen to about minus 147,000 BTC, and ETF outflows are also weighing.
