Category: Bitcoin News

Peter Brandt says Bitcoin a ‘hop, skip and jump’ from $42k

boss

Veteran trader Peter Brandt said Bitcoin could be approaching a potential downside floor, arguing that past bear market patterns suggest losses may be limited from current levels. Summary Veteran trader Peter Brandt said Bitcoin may be nearing a downside floor, pointing to past bear market cycles that suggest losses could be limited near the $42,000 level. Brandt referenced a long-term “banana peel” support zone on his chart, which has historically marked areas where Bitcoin’s deepest drawdowns struggled to extend further. The comments come amid a broader crypto market downturn, with…

Bitcoin options worth $2.1B set to expire: Will $60K hold?

boss

Bitcoin price entered Friday under pressure as $2.1 billion in options contracts approach expiry. Summary A large Bitcoin options expiry is approaching with limited upside support. Most call positions sit far above current prices, reducing hedging demand. Traders are watching whether $60K can hold after the contracts settle. Bitcoin is facing another key test as a large batch of derivatives contracts reaches maturity. Bitcoin options worth about $2.1 billion are set to expire at 8:00 a.m. UTC on Feb. 6, according to data from Deribit. About 34,000 contracts are covered…

Metaplanet doubles down on Bitcoin buying amidst market crash

boss

Japan’s Metaplanet will continue buying Bitcoin even as the crypto market downturn has weighed heavily on the company’s shares. Summary Metaplanet said it will continue accumulating Bitcoin despite a sharp market selloff that has pushed its shares down more than 63% over the past 6 months. The firm added roughly $451 million worth of Bitcoin in Q4 2025, lifting total holdings to 35,102 BTC. As Bitcoin price touched $60,000 around the Asia open, Metaplanet CEO Simon Gerovich took to X to reaffirm the company’s decision to continue stockpiling the flagship…

Bitcoin’s drop below $63k sparks BlackRock’s IBIT’s biggest trading day on record

boss

BlackRock’s iShares Bitcoin Trust ETF has hit a new all-time high in daily trading volume as the bellwether cryptocurrency posted one of its largest intraday drops on Thursday. Summary BlackRock’s IBIT set a new daily trading volume record near $10 billion on Feb. 5. Bitcoin dropped as much as 15% intraday as investors digested a plethora of negative headlines. As noted by Bloomberg ETF analyst Eric Balchunas, IBIT reportedly “crushed its daily volume record” on Feb. 5 as nearly $10 billion worth of shares were traded. Last time the fund…

Bloomberg analyst warns Bitcoin price could dip to $10K

boss

A senior Bloomberg Intelligence strategist has warned that Bitcoin could face a severe collapse toward $10,000 as global markets show signs of stress similar to past financial crises. Summary A Bloomberg analyst warned bitcoin price could fall toward $10,000. The call is linked to market stress and reduced liquidity. Bitcoin is trading near $63,000 after recent losses. In recent social media posts in early Feb. 2026, Bloomberg Intelligence senior commodity strategist Mike McGlone shared the outlook, comparing current conditions to the 2008 financial crisis and the 2000–2001 dot-com downturn. At…

Bitcoin’s Intraday Price Low Skids to $60K, Volatility Spikes, and Traders Brace for What Comes Next

boss

The price of bitcoin sliced through the $61,000 mark on Thursday, sliding to an intraday low of $60,000 per coin on Binance as the day’s selling pressure refused to let up. The steep pullback has rattled investors across the board, with chatter everywhere centering on when—if ever—the pressure finally eases. Bitcoin Sinks 17% in a […] Original

Strategist Sees Bitcoin and Cryptos Turning More Violent Than 1929 Stock Collapse

boss

Bitcoin and the broader crypto market now appear more violent than the 1929 U.S. stock crash, as extreme boom-and-bust cycles compress historic levels of risk into years, warns Bloomberg Intelligence strategist Mike McGlone. Strategist Says Bitcoin and Cryptos 2026 Make 1929 Stock Market Crash Look Tame Bloomberg Intelligence Senior Commodity Strategist Mike McGlone shared on […] Original

Bullish Logs $564M Q4 Loss as Bitcoin Options Volume Breaks $9B

boss

This week, the crypto asset exchange Bullish reported a steep fourth-quarter net loss even as adjusted revenue, EBITDA, and activity in its bitcoin options market climbed sharply, pointing to a widening gap between headline results and underlying operating momentum. Bullish Earnings Reveal Options Growth Outpacing Accounting Pain On Thursday, Bullish said net income for the […] Original