Bitcoin

Despite billions in realized losses and a market downturn, large Bitcoin holders (whales and sharks) are aggressively accumulating BTC. On-chain data suggests this accumulation, combined with signs of a market bottom, could signal a trend reversal.

Bitcoin’s recent correction, driven by selling pressure from long-term holders, appears to have bottomed out after a 36% decline. With selling pressure easing, the market shows signs of maturing and may be poised for recovery.

Bitcoin is reclaiming the $90,000 level, sparking renewed optimism. Analysts suggest the bull market may continue as institutional demand absorbs retail selling, while Strategy (formerly MicroStrategy) reinforces confidence with a nearly $1 billion Bitcoin purchase.

Bitcoin experiences sharp volatility with double rejections, leading to market-wide losses, while Zcash surges 15%. Key US labor market data due today could influence Fed rate expectations.

Bitcoin has been rising for two weeks and reclaimed the $90,000 level, but Bitfinex analysts warn of weakening demand and the risk of a price drop, with 5 to 7 million bitcoin currently in loss.

A new US labor market indicator is shifting towards neutral, signaling a potential economic cooldown. This could trigger short-term risk-off pressure on Bitcoin, but may pave the way for Federal Reserve easing, which could be beneficial in the medium term.

Bloomberg ETF expert Eric Balchunas argues that comparing Bitcoin to the 17th-century Dutch tulip mania is flawed, citing Bitcoin’s resilience over 17 years and multiple market cycles, unlike the short-lived tulip bubble.

Analysts suggest the biggest risk to Bitcoin’s price is not the size of the Fed’s balance sheet, but the significant lag in how monetary policy affects the economy. This delay could create short-term headwinds for crypto before potentially fueling a longer-term rally.

Michael Saylor’s Strategy has added 10,624 BTC to its treasury for $962.7 million, bringing its total holdings to over 660,000 bitcoin. The purchase comes amid recent criticism of Saylor.

Market analyst Corné Marchand counters recent bullish calls for Bitcoin to hit $180,000, arguing that on-chain data and ETF flows point to a bear market. He warns of a potential pump to $110,000 as a liquidity grab before a further decline and outlines his strategy to buy in at lower levels.