Tag: Rally

Bitcoin rally faces pressure as whales offload near $75K

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Bitcoin traded near $75,000 after recovering about 24% from its February low near $60,000.  Summary Bitcoin traded near $75K as whales increased exchange inflows and analysts warned of rally resistance. Long-term holders added 354,000 BTC, while short-term traders moved 60,000 BTC to exchanges recently. Binance reserves fell as spot Bitcoin ETFs added 25,600 BTC and tightened market supply. Even so, recent on-chain data showed that larger holders kept sending coins to exchanges while long-term investors added to their positions. CryptoQuant contributor Maartun said the move does not yet confirm a…

Bitcoin Rally May Be A Trap As Whales Sell Into Strength

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Bitcoin’s rebound from the February 6 low at $60,000 is showing early signs of structural improvement, but the move still looks more like a bear market rally than a confirmed breakout, according to CryptoQuant analyst Maartun. In an April 20 video, the analyst argued that while long-term holders are accumulating and strategic capital is entering the market, persistent selling from short-term holders and whales is still capping upside. Maartun framed the current setup as a question of market character rather than raw price performance. Bitcoin is trading around $75,000, roughly…

Bitcoin Recovery Still Looks Like A Bear Market Rally, Analyst Says

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Ethereum Whale Opens $90M ETH Long Bet Amid 40% Price Rally Potential

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An Ethereum whale has opened a significant long position on Ether (ETH) worth $90.8 million, in what looks like a bold bet that the upside is not over for the top altcoin. Key takeaways: Ethereum whale opened a leveraged long position totaling $90.8 million. Ether price chart’s ascending triangle targets $3,230. Top traders open new ETH long positions Data from TradingView showed the ETH/USD pair trading at $2,280, or 32% higher than the $1,750 low reached on Feb. 6.  Holding above $2,200, Ether offered some cause for optimism ahead of…

Remember Arbitrum? This Analyst Just Predicted That A 7,400% Rally Is Coming

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Crypto analyst Crypto Patel has predicted that the Ethereum layer-2 Arbitrum could record a 7,400%, providing a bullish outlook for the altcoin. He also revealed key levels for investors to keep an eye out for as the position for this potential rally.  Arbitrum Eyes 7,400% Run With Price Down 96% From ATH In an X post, Crypto Patel predicted that Arbitrum could rally 7,400, with the price currently down 96% from its all-time high (ATH) of $2.40. He noted that ARB got trapped inside a brutal descending channel after its…

Bitcoin Shows Classic ‘Wall Of Worry’ Rally As Retail Lags Behind

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A recent on-chain analysis suggests that Bitcoin is once again showing divergence across its investor cohorts, specifically between institutional players and retail investors. According to this analysis, the Bitcoin price may have more room for growth than we have seen so far in this cycle. Bitcoin ETF Flows Align With Coinbase Premium Index Readings In a recent Quicktake post on the CryptoQuant platform, crypto research and education firm XWIN Research Japan delves into the dynamics of the Bitcoin market noting that a crucial structural shift is emerging.  The relevant indicators…

Asteroid Shiba’s 68,000% Rally Leaves Traders Stunned After Elon Musk Reply

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One trader flipped a single ETH into more than $470,000 in just a few hours. Another held a position for 580 days watching it sit near zero, then walked away with close to $392,000. Both made their money on the same token — a memecoin called Asteroid Shiba — after a two-word reply from Elon Musk lit up crypto markets on Friday. Related Reading Asteroid Shiba: A Wish That Sparked A Frenzy The story behind the token is unlike most in the memecoin world. Asteroid Shiba was inspired by a…

SOL Open Interest Jumps 20% As Traders Eye Rally To $100

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Key takeaways: Solana maintains its market dominance in DEX volume and TVL despite SOL’s underperformance versus its peers. Easing sell pressure from volatile geopolitics and a resurgence in memecoin activity could catalyze a SOL price rally to $100. Solana’s native token SOL (SOL) gained 10% within five days, reaching a three-week high on Friday. This price movement followed a generalized excitement after the US and Iran announced a ceasefire extension, which led to an 8% decline in crude Brent oil prices. Demand for SOL futures surged as open interest jumped…

The Hidden FVG Zone That Says Ethereum Price Could Rally To $10,000

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Ethereum has started to show signs of life again after weeks of muted price action, but one analyst believes the current move is only the beginning of something much larger. This inclination is based on a technical setup built around a hidden inefficiency zone after the Ethereum price recently broke above $4,500. The technical analysis shows that the unfilled gap may be the first waypoint in a recovery that eventually pushes the ETH price to five figures above $10,000. The FVG Zone Now Acting As A Magnet Technical analysis done…

Bitcoin Hits $78,348 as Strait of Hormuz Reopening Ignites Global Relief Rally

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Key Takeaways: Bitcoin hit $78,348 as Iran reopened the Strait of Hormuz, marking its highest price since Feb. 4. Global markets surged as Brent crude fell below $89, wiping out $810 million in crypto short positions. Future stability remains at risk as the IRGC warns that the Trump administration’s blockades may void the deal. Geopolitical Shifts Drive Market Sentiment Bitcoin swept past the $78,000 mark—the first time it has done so since Feb. 4—as markets reacted positively to Iran’s announcement that the Strait of Hormuz is now “completely open,” at…