Tag: Bullish

Bitcoin price reclaims $86K with rare bullish reset sign

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Bitcoin price may be gearing for a rebound with a cleaner setup after prolonged leverage wipeout. Summary Bitcoin trades near $87K after a major leverage flush that cleared out excessive long positions. CryptoQuant analysts say fear, oversold readings, and reduced open interest could support a slow recovery. The chart still leans bearish with downward-sloping averages and weak momentum. Bitcoin was trading near $86,646 at press time, up 0.6% in the last 24 hours. The daily range sat between $85,483 and $87,995. The coin remains down 10% over the past week after a…

Bitcoin Open Interest Plunge Could Spark ‘Bullish Trend’

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Bitcoin open interest has dropped off as the cryptocurrency’s price has slid over the past month, which an analyst argues could see Bitcoin hit a bottom and spark a “renewed bullish trend.” Open interest in terms of Bitcoin (BTC) has seen its “sharpest 30-day drop of the cycle” at around 1.3 million BTC, currently worth $114 billion with Bitcoin trading at $87,500, analyst “Darkfost” posted to CryptoQuant on Sunday. The cascading price of BTC over the past few weeks “continues to trigger liquidations,” pushing traders to double down or readjust…

XRP Price Recovers Slightly, Showing Subtle Signs of Bullish Reaccumulation

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

ARK Invest Adds Bullish, BitMine, Circle, Robinhood and Bitcoin ETFs

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ARK Invest closed out the week with a fresh round of accumulation across several of its flagship funds, picking up positions in Circle, Bullish, BitMine, Robinhood and Bitcoin ETFs as crypto-related equities rebounded. The largest set of purchases targeted Bullish, with ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW) expanding their exposure, according to trade notifications for Friday. Combined, these buys amounted to about $2 million, following Bullish’s 5.75% gain on the day. ARK also continued accumulating BitMine, with purchases across ARKF,…

BTC Hides Bullish Twist in Crypto’s Fastest Bear Market

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Bitcoin (BTC) fell to $80,600 on Friday, extending weekly losses to more than 10%. Its monthly drawdown has now reached 23%, the steepest decline since June 2022. The drop below $84,000 also pushed BTC to test the 100-week exponential moving average for the first time since October 2023, aligning exactly with the start of the current bull cycle. Bitcoin one-week analysis. Source: Cointelegraph/TradingView Bitcoin futures liquidations surpassed $1 billion, underscoring the severity of this downturn, described by the Kobeissi Letter as the “fastest bear market ever.” Key takeaways: Crypto market…

Bitcoin Hits 2-Year Bearish Extreme — Historically Bullish?

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According to CryptoQuant data, Bitcoin has moved into what analysts are calling the most bearish phase of the last two years, sending prices down sharply and weighing on the broader crypto market. Related Reading The coin slid from a peak above $126,000 on Oct. 6 to $83,790, a drop of around 34% that erased roughly $715 billion in market value. Bull Conditions Have Weakened Rapidly Reports have disclosed that CryptoQuant’s Bull Score Index fell to 20 out of 100 last week, driven by weak spot buying, negative price momentum, and…

Nvidia $54B Earnings, Fed Minutes Set Bullish Narrative for Best Wallet Token

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What to Know: Nvidia’s $54.8B earnings report, Fed Minutes, and a muted 50K jobs print could collectively reset risk sentiment in favor of crypto. Bitcoin’s drop toward seven-month lows looks sentiment-driven, and a dovish macro trifecta may trigger a sharp relief rally in majors. Best Wallet Token powers a multi-chain, security-first wallet that bundles fee discounts, staking, launchpad access, and future card rewards into one token. If roadmap execution and market conditions align, $BEST offers a leveraged play on multi-chain adoption rather than a single-narrative altcoin bet. Markets are walking…

Ark Invest Buys Circle, Bullish and BitMine Shares

Key Notes Ark Invest spent $39 million towards the purchase of Bullish, Circle, and BitMine shares across its ETFs. These purchases come at a time when the prices of crypto-related stocks have declined significantly. Strategy has also seen its MSTR stock dip by more than 9%. Popular asset management firm Ark Invest has invested approximately $39 million in the acquisition of shares in Bullish, Circle Internet Group, and BitMine Immersion Technologies. The purchases were made across the company’s Exchange Traded Funds (ETFs). With the gloomy condition of the crypto market…

ARK Invest Buys Bullish, Circle and BitMine As Crypto Stocks Sink

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Cathie Wood’s ARK Invest increased its exposure to crypto-related stocks on Wednesday, purchasing Bullish, Circle Internet Group and BitMine Immersion Technologies across multiple exchange-traded funds (ETFs) as crypto stocks slid deeper into the red. According to ARK’s daily trade disclosure, the ARK Fintech Innovation ETF (ARKF) bought 48,011 shares of Bullish, while the ARK Next Generation Internet ETF (ARKW) added 92,670 shares. The ARK Innovation ETF (ARKK) made the largest move of the group, purchasing 322,917 shares of Bullish, bringing the total to $16.8 million. ARK followed this with sizeable…

Bullish Swings to $18.5M Q3 Profit as Options Volume Tops $1 Billion

Key Notes Crypto options launched with 14 trading partners and crossed $1 billion in volume during Q3, while US spot trading began after NYDFS approval. Ark Invest has accumulated approximately $172 million in Bullish shares since the company’s August public listing across multiple ETFs. The exchange ended Q3 with $3.48 billion in net liquid assets and projects Q4 subscription revenue between $47 million and $53 million. Bullish reported net income of $18.5 million for the third quarter on Nov. 19, swinging to profitability from a loss in the prior year…