By Jordan Lyanchev Bitcoin’s major rally from under $65,000 to over $81,000 within a week or so changed the broader market sentiment from fear to greed, with analysts initially rushing to call the end of the bear phase. However, its inability to push through the $81,000 resistance and the two rejections, alongside the Fed’s hawkish […]
Category: News
By Jordan Lyanchev The spot Bitcoin exchange-traded funds recorded another highly impressive week, attracting over $900 million, but Friday changed the landscape after Kevin Warsh’s hawkish speech at Jackson Hole. Meanwhile, the funds tracking the largest altcoin continue to see only green, and their actual inflows are quite close to those of their BTC counterparts. […]
By Mandy Williams Bitcoin (BTC) has risen about 26% from its mid-August low after a short-liquidation event accelerated the rebound. Glassnode said the August 19 move produced the largest one-day liquidation event since 2019. Short positions accounted for most of the liquidations across the major centralized exchanges. The actual total was likely higher because the […]