Tag: Bitcoin price

  • Bitcoin Miners Offload BTC as Whales and ETFs Drive $1.2B Demand

    Bitcoin Miners Offload BTC as Whales and ETFs Drive $1.2B Demand

    Bitcoin is holding above $64,000 even as major mining firms send hundreds of coins to exchange-linked platforms. At the same time, large whale wallets and spot Bitcoin ETFs are showing renewed buying interest, creating a clear split between short-term selling pressure and institutional demand.

    Miners Move Bitcoin to Exchange Platforms

    On Thursday evening, MARA deposited 200 BTC to NYDIG, according to Lookonchain. Riot Platforms transferred another 381 BTC, worth roughly $24.5 million, around the same time. These exchange-related deposits can increase available supply if the coins are sold. MARA continues to hold more than $2.3 billion in Bitcoin despite reporting over $600 million in second-quarter losses.

    The latest transfers follow reports that Bitcoin miners sold a record 32,000 BTC during the first quarter of 2026. That period also saw a sharp drop in network hash rate. Smaller mining operations have been under particular strain during the prolonged bear market. Poolin has filed for Chapter 11 protection in New Jersey and is seeking approval for a $52 million sale of its Texas mining properties.

    Whale Accumulation Contrasts With Smaller Holder Selling

    Santiment data shows wallets holding between 10 and 10,000 BTC have accumulated more than 20,000 BTC since July 29. At current prices, that is approximately $1.2 billion. Meanwhile, smaller holders have continued to reduce their Bitcoin exposure. Santiment says this divergence improves the odds of Bitcoin trading above $70,000 and lowers the risk of a drop below $60,000.

    That contrast raises a key question: can growing whale demand absorb sustained selling from miners while Bitcoin remains below a decisive breakout level? Analysts have linked recent price weakness to uncertainty around the CLARITY Act, limited directional movement, and the Coldcard hardware wallet hack, which involved about $120 million worth of Bitcoin.

    ETF Inflows Return While Bitcoin Tests Resistance

    SoSoValue data shows US spot Bitcoin ETFs recorded $754.69 million in net inflows this week. That pace puts the products on track for their strongest week since April. Demand has returned after a difficult June, when the funds saw their worst month since launch. Nexo analyst Liya Kalchev said ETF-related volumes offer an early sign of renewed institutional demand.

    Spot Bitcoin ETFs also received more than $240 million on Wednesday. Kalchev added that the products have attracted more than half a billion dollars during August. Still, Bitcoin has not achieved a decisive upside breakout. Kalchev described the current bid as tactical rather than conviction-driven, with a clear move above $65,000 remaining important. Technical indicators suggest a larger rally could develop if Bitcoin clears resistance. Regulatory developments also remain in focus, with the CLARITY Act unlikely to pass the Senate this month.

    Outlook: Can Institutional Demand Offset Miner Selling?

    Bitcoin faces competing forces near $65,000. MARA and Riot have increased exchange-related transfers, while whales have accumulated more than 20,000 BTC and ETF inflows have strengthened. The market is now watching whether institutional demand can absorb miner supply as Bitcoin tests resistance and investors await regulatory clarity.

  • Bitcoin Long-Term Holders Begin Profit-Taking as On-Chain Metrics Hint at Market Bottom

    Bitcoin Long-Term Holders Begin Profit-Taking as On-Chain Metrics Hint at Market Bottom

    Bitcoin’s long-term holders (LTHs) have started to sell after months of continued accumulation, signaling a potential new phase in the market. Despite profit-taking by seasoned investors—which is likely to create short-term selling pressure—several on-chain metrics suggest Bitcoin could be entering conditions more commonly seen near market bottoms.

    On-chain data reveals that LTH supply recently began declining after climbing close to 16 million BTC, while the supply of LTHs in short-term holding periods remains comparatively low. Historically, after extended price rallies, long-term investors have sold part of their holdings, allowing new investors to enter the market.

    On-Chain Indicators Suggest Accumulation

    The LTH/STH Spent Output Profit Ratio (SOPR) has moved closer to 1, indicating that the profits of long-term and short-term holders are converging. Historically, this pattern occurred in 2015, 2019, and 2022, with selling pressure easing slowly over time and accumulation resuming. While the ratio has not yet entered its traditional accumulation zone, current readings suggest the market is heading further toward that zone.

    This cycle also differs from previous ones. Bitcoin’s first major price increase in the current cycle took approximately 31 months to achieve—much longer than the 8 to 17 months seen in past cycles. This extended timeline suggests that investor behavior has evolved alongside the rising institutionalization of the market.

    Also Read: Bitcoin Security Faces New Questions After the Coldcard Wallet Hack

    Fear Persists Despite Improving Fundamentals

    LTH supply recently started declining after climbing close to 16 million BTC. Currently, the Crypto Fear & Greed Index stands at 40, indicating neutral market sentiment. Bitcoin’s Market Value to Realized Value (MVRV) ratio has been squeezed to the 1.21–1.22 zone. Historically, when sentiment turned negative while on-chain fundamentals improved, new accumulation phases have begun. Meanwhile, long-term investor supply remains near record levels, suggesting that established investors are holding onto most of their Bitcoin after recent distributions.

    Although no single indicator can accurately identify a market bottom, the combination of record long-term holder conviction, compressed valuations, subdued speculative activity, and cautious investor sentiment increasingly resembles conditions seen before previous Bitcoin recoveries.

    In the short term, Bitcoin appears to be transitioning from a distribution phase to what could become an accumulation phase. Whether this marks the cycle bottom will depend on overall macroeconomic conditions, investor demand, and the market’s ability to absorb continued selling pressure from long-term investors.

  • Bitcoin Holds Above $65,400 as Bulls Set Sights on $66,000 Resistance

    Bitcoin Holds Above $65,400 as Bulls Set Sights on $66,000 Resistance

    Bitcoin is trading near the $65,300–$65,400 range after a volatile session, maintaining its position above the critical $65,000 support level. The cryptocurrency’s market cap stands above $1.3 trillion, with daily trading volume exceeding $23 billion, indicating sustained investor interest despite recent price fluctuations.

    Chart Analysis

    The 5-minute BTC/USD Bitstamp chart reveals a sharp decline toward the $64,600–$64,700 area before buyers intervened. Strong demand at that level halted the downturn and propelled prices higher. Following this bounce, Bitcoin formed a series of higher lows, signaling that buyers are gradually gaining control.

    The Bollinger Bands support this bullish view. The price is trading near the upper band, while the middle band is trending upward, reflecting short-term strength. However, the distance between the price and the upper band suggests a potential minor pullback before the next upward move.

    Key Price Levels

    Bitcoin faces initial resistance near $65,500, with the next major hurdle between $65,800 and $66,000. A decisive break above this zone could pave the way toward $66,200–$66,500, where another significant test awaits.

    On the downside, the first support is near $65,200, followed by $64,900. The strongest support remains in the $64,600–$64,700 range, where buyers have previously demonstrated solid demand.

    Market Trend

    The latest price action indicates that Bitcoin has begun a recovery after a weak phase earlier this week. Buyers have consistently stepped in near major support levels, pointing to steady demand amid market uncertainty. However, the market has yet to clear all resistance levels. A strong move above $66,000 is needed to confirm a more robust recovery; until then, prices may continue to oscillate within a wide range.

    Latest Bitcoin News

    Fresh market data has boosted confidence across the crypto sector. Spot Bitcoin ETFs have recorded several consecutive sessions of net inflows, signaling that institutional investors are increasing exposure after weeks of weaker demand. Technical analysts also note that Bitcoin has successfully defended the $65,000 level, with momentum indicators showing reduced selling pressure. Many experts believe a clear move above $67,000 could trigger a much larger rally.

    The broader financial market has also been supportive. Strong risk appetite has benefited cryptocurrencies, with Bitcoin outperforming several traditional equity sectors during July.

    Investor Sentiment

    Long-term holders continue to retain the bulk of their Bitcoin rather than taking profits during short-term price increases. Exchange balances remain stable, minimizing immediate selling pressure. Overall investor confidence is high compared to previous weeks, though traders remain cautious about interest rate forecasts, economic data, and geopolitical developments, which could quickly shift market sentiment.

    Why This Matters

    Bitcoin is often viewed as a trendsetter for the broader cryptocurrency market. A rise above key resistance levels could create a positive ripple effect, supporting gains in other cryptocurrencies, while a decline might trigger a broad selloff. Strong institutional demand, consistent trading volumes, and significant support around $65,000 make the current price action critical for traders and investors.

    Outlook

    Bitcoin is establishing a firmer foothold above $65,000 after buyers defended support. Recent uptrends, high volume, and ETF inflows have bolstered market sentiment in the short term. The immediate resistance zone between $65,800 and $66,000 is the next key test. A successful breakout could push prices toward $66,500 and then $67,000. Conversely, a drop below $65,200 could lead to a retest of $64,900 and potentially $64,600. While buyers remain in control, Bitcoin has yet to achieve a major breakout above critical resistance to confirm a sustained uptrend.

    Frequently Asked Questions

    1. What is Bitcoin trading at now?

    Bitcoin is trading between $65,300 and $65,400, holding firmly above key support after a volatile session.

    2. Why is $65,000 important for Bitcoin?

    It serves as a crucial psychological and technical support zone where buyers consistently step in to absorb selling pressure.

    3. What is the next resistance level for Bitcoin?

    The immediate resistance zone lies between $65,800 and $66,000, with a major technical test near $66,500.

    4. How do Bitcoin ETF inflows affect the price?

    Consistent spot ETF inflows highlight sustained institutional demand, absorb exchange supply, and support positive market sentiment.

    5. What could happen if Bitcoin falls below $65,200?

    A drop below $65,200 could trigger short-term selling, opening the path for a retest of lower support levels at $64,900 and $64,600.

    Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk. Always conduct your own research before investing.

  • Bitcoin Drops to $62,745 as Bears Maintain Control Below $64,000

    Bitcoin Drops to $62,745 as Bears Maintain Control Below $64,000

    Bitcoin faced heavy selling pressure on July 13, 2026, with prices slipping to around $62,745 as bears tightened their grip below the key $64,000 resistance level. The cryptocurrency experienced a sharp decline after failing to sustain a move above $64,000, reflecting weak institutional demand, cautious market sentiment, and fresh macroeconomic headwinds.

    Technical Chart Shows Strong Bearish Trend

    A 15-minute BTC/USD chart revealed a clear bearish setup throughout the session. Bitcoin traded near $64,200–$64,300 before sellers entered aggressively, driving the price below the short-term moving average and the lower Bollinger Band. The decline was accompanied by a significant increase in trading volume, confirming seller conviction. The market found temporary support near $62,700, but the overall trend remained negative as buyers failed to push the price back above key resistance levels.

    Bollinger Bands Point to More Volatility

    The Bollinger Bands reinforced the bearish outlook. Bitcoin remained below the middle Bollinger Band (near $63,000–$63,100), which has become the first major resistance area. The upper band is moving lower, indicating weakening bullish momentum, while the lower band continues to expand, signaling increased volatility. Unless Bitcoin climbs back above the middle Bollinger Band, sellers are likely to retain control in the short term.

    RSI Shows Weak Buying Strength

    The Relative Strength Index (RSI) remains weak, staying near 35 after a brief dip into oversold territory. This reading is well below the neutral level of 50, indicating limited buying interest. The small uptick in RSI does not confirm a trend reversal; a sustained move above 50 would be needed to improve the technical outlook.

    Volume Confirms Seller Control

    Trading volume surged during the breakdown below $64,000, confirming strong selling pressure. Subsequent buying activity near $62,700 was noticeably weaker, suggesting buyers are only defending support rather than initiating a new uptrend. As long as selling volume outpaces buying volume, the market may continue to face downward pressure.

    Important Price Levels to Watch

    • First resistance: $63,000–$63,100 (short-term moving average and intraday highs)
    • Major resistance: $63,800–$64,000 (former support turned resistance)
    • Immediate support: $62,500
    • Next support: $62,000
    • Critical support: $60,000 (psychological level)

    Macro Factors Continue to Affect Bitcoin

    Geopolitical tensions in the Middle East have boosted demand for the US dollar and pushed energy prices higher, raising inflation concerns and the possibility of tighter monetary policy. This has reduced risk appetite among investors, affecting cryptocurrencies. Institutional sentiment remains mixed amid recent Bitcoin ETF outflows and a disclosure that Strategy sold approximately $216 million worth of Bitcoin, adding to concerns about selling pressure. On a positive note, Bitcoin’s mining difficulty dropped about 5%, which may reduce forced selling from miners if network conditions stabilize.

    Outlook

    Bitcoin remains well below its all-time high of over $120,000 set in 2025. The market continues to form lower highs and lower lows, confirming a bearish trend. A meaningful recovery would require a break above the $63,800–$64,000 resistance zone with strong volume. Until then, sellers are expected to remain in control. Key support levels to monitor are $62,000 and $60,000.

    FAQs

    1. Why did Bitcoin fall on July 13, 2026?

    Bitcoin dropped due to strong selling pressure, weak institutional sentiment, and growing geopolitical and macroeconomic concerns.

    2. What is the nearest resistance level for Bitcoin?

    The first resistance lies between $63,000 and $63,100, followed by a stronger resistance zone between $63,800 and $64,000.

    3. Which support levels are important now?

    Immediate support is near $62,500, while $62,000 and $60,000 remain major levels to watch.

    4. What does the RSI indicate?

    The RSI stays around 35, indicating weak buying momentum and continued bearish market conditions.

    5. What could improve Bitcoin’s outlook?

    A strong move above $63,800–$64,000, supported by higher buying volume, would improve the short-term technical outlook.

  • Bitcoin Price Analysis: Q2 2026 Decline and Q3 Outlook Amid Fed Rate Fears and ETF Outflows

    Bitcoin Price Analysis: Q2 2026 Decline and Q3 Outlook Amid Fed Rate Fears and ETF Outflows

    Bitcoin (BTC) entered the third quarter of 2026 under significant pressure after a weak first half of the year. The cryptocurrency dropped 14.20% in Q2 and declined 22.2% in the first quarter, ending the first half with back-to-back losing quarters for the first time since 2022. A combination of macro factors, ETF sell-offs, and technical breakdowns weighed on the market.

    Q2 Recap: From Strength to Weakness

    Q2 started on a strong note, with Bitcoin trading around $68,000 and surging over 20% to a May high of $82,833. The rally coincided with strength in the Nasdaq 100 and renewed interest in technology stocks. However, Bitcoin failed to maintain momentum and could not break through resistance between $81,000 and $83,500. The bull market ended near the trend-channel resistance at $83,000 as well as the 200-day moving average.

    Inflation and Fed Shift Hit Bitcoin

    The more significant turnaround occurred following stronger-than-expected April US CPI and PPI data, which cast doubt on whether inflationary pressures were still persistent. This changed market sentiment from rate cuts to possible rate hikes and negatively affected Bitcoin, gold, and silver. Bitcoin subsequently succumbed to leveraged and institutional selling and dropped to approximately $59,100 in early June. A hawkish May meeting by Fed Chair Kevin Warsh helped push Bitcoin below $58,000, just near $57,735 early in Q3.

    US Jobs Data Provides Some Breathing Room

    Softer US labor market data has now slightly eased rate-hike expectations. Nonfarm payroll figures for April and May were revised down by a combined 74,000 jobs. June nonfarm payroll growth was expected at 110,000 but came in at just 57,000. Private jobs also increased by 98,000, less than the anticipated 118,000, according to ADP data.

    “The lower-than-expected jobs number portends less likelihood of potential rate hikes later this year. As we know, gold tends to perform better in lower interest rate environments,” said David Meger, director of metals trading at High Ridge Futures. The CME FedWatch Tool now reflects almost a 50% probability of a September rate hike, down from 60% before the data.

    Why This Matters

    For the first time since 2022, Bitcoin has opened the year with back-to-back losing quarters. This technical breakdown, cemented by a newly hawkish Federal Reserve under Chair Kevin Warsh and severe ETF outflows, threatens to flip 2026 into a structural bear market unless macro liquidity provides a rapid turnaround.

    Technical Outlook for Q3

    BTC closed below the 200-week moving average near $62,444 for the first time since October 2023. This has raised the chances of a further decline toward the $50,000-$52,000 support zone. The initial test of strength for bulls would be pushing above the mid-June $67,253 level. If BTC is to make a recovery, a break above $75,203 is required, where its 200-day moving average is located.

    The 2018-2022 period is the only other cycle in which Bitcoin began the year with two consecutive losing quarters. Both became bear market years. It does not guarantee it will repeat in 2026, but sluggish demand from ETFs, soft on-chain activity, a strengthening dollar, and capital flow toward AI stocks mean Q3 could be difficult unless Bitcoin gets a strong start.

    Key Levels to Watch in Q3

    • Downside support: $50,000–$52,000
    • First resistance: $67,253
    • Major resistance: $75,203 (200-day moving average)
    • 200-week moving average: $62,444 (now acting as resistance)

    Frequently Asked Questions

    Why did Bitcoin fall in Q2 2026?

    Bitcoin fell 14.20% in Q2 after failing to sustain gains near the $81,000-$83,500 resistance zone. Stronger US inflation data, Fed rate-hike fears, ETF outflows, and leveraged selling added pressure.

    What was Bitcoin’s highest level in Q2?

    Bitcoin started Q2 near $68,000 and rallied more than 20% to a May high of $82,833. However, the rally stalled near trend-channel resistance and the 200-day moving average.

    Why did US inflation data hurt Bitcoin?

    Stronger-than-expected US CPI and PPI data reduced hopes of Federal Reserve rate cuts. That pushed markets toward rate-hike expectations, hurting risk assets such as Bitcoin, gold, and silver.

    Is Bitcoin entering a bear market in 2026?

    Bitcoin has posted back-to-back quarterly losses in Q1 and Q2, a pattern previously seen in difficult bear-market years like 2018 and 2022. This does not confirm a repeat, but weak ETF demand, soft on-chain activity, and a strong dollar keep Q3 risks elevated.

  • Bitcoin ETFs See Record $4.5 Billion Outflows in June as Trump’s Crypto Holdings Surpass $500 Million

    Bitcoin ETFs See Record $4.5 Billion Outflows in June as Trump’s Crypto Holdings Surpass $500 Million

    US-listed Bitcoin exchange-traded funds recorded $4.5 billion in net outflows during June 2026, marking their worst monthly performance since launching in January 2024. The redemptions coincided with Bitcoin dropping 20.48%, its steepest monthly decline since June 2022.

    June’s withdrawals exceeded the previous monthly record of $3.56 billion set in February 2025 during an earlier period of market stress. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the bulk of the outflows, losing $3.55 billion—nearly 79% of all Bitcoin ETF redemptions for the month. That single-fund total almost matched the category’s former monthly record.

    Bitcoin closed four of 2026’s first six months in the red. In June 2022, the asset fell 37.28%. Ethereum ETFs followed Bitcoin into negative territory, posting $528.99 million in June outflows, according to SoSoValue. Solana ETFs also recorded about $786,580 in net withdrawals—a small figure compared with Bitcoin and Ethereum losses but marking their first negative month since launching, ending a streak of positive inflows.

    Meanwhile, XRP ETFs attracted $59.46 million in inflows, while Hyperliquid ETFs led the group with $161.05 million. These flows suggest some investors rotated capital from larger, established products into newer categories.

    In a separate development, President Donald Trump disclosed two cryptocurrency wallet assets in an ethics filing on Tuesday, each valued at more than $50 million. Both were described as cold-storage Bitcoin holdings. Forbes estimated Trump’s total Bitcoin exposure at more than $500 million, including his indirect share of Trump Media’s investments. Representatives of the Trump Organization and the White House did not immediately comment.

    One of the disclosed wallets is held within the entity that contains Trump’s stake in World Liberty Financial. That venture raised nearly $800 million from public offerings, much of it between the election and inauguration. The second wallet is held by CIC Digital LLC, which launched Trump’s memecoin. The company has collected more than $635 million in royalties from the token project.

    Trump Media announced plans last summer to invest in Bitcoin. The wider Trump Organization later joined companies adding the asset to their balance sheets. Michael Saylor’s Strategy built a large Bitcoin stockpile, inspiring more than 200 corporate imitators. Eric Trump publicly praised the balance-sheet strategy in September.

    Bitcoin rose 82% between Election Day and October 2025 as the administration softened the government’s approach to digital assets. The cryptocurrency later fell 53% from that high. Investors are now watching July price action and fund flows for signs of renewed demand.