Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%.The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to 14,897 BTC at the session's open. Meanwhile, the drop came as a part of a bigger downside move that started on July 15. On the day, the total number of margined … [Read more...] about Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes
Crash
Bitcoin holds $34K as Bloomberg likens $30K support to $4K in 2020 BTC price crash
Bitcoin (BTC) maintained $34,000 support on Wednesday as a rebound from six-month lows showed surprising resilience.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin bulls see 2020 similaritiesData from Cointelegraph Markets Pro and TradingView showed BTC/USD stabilizing on Wednesday after a day of unnerving volatility.At the time of writing, Bitcoin was … [Read more...] about Bitcoin holds $34K as Bloomberg likens $30K support to $4K in 2020 BTC price crash
Hodlers see opportunity in Bitcoin price crash, CoinShares exec says
The downward trend in Bitcoin’s (BTC) price following its April all-time high might be worrying for first-time investors. Still, CoinShares chief strategy officer Meltem Demirors believes that most of the long-time holders are not selling, and this is a correction to weed out panic sellers. Speaking to CNBC, Demirors underscored that Bitcoin is here to stay, and after 200 days … [Read more...] about Hodlers see opportunity in Bitcoin price crash, CoinShares exec says
Bitcoin investors more bullish than ever despite 50% price crash: Survey
Despite Bitcoin (BTC) and the wider cryptocurrency market experiencing one of its worst crashes in recent memory, investors are apparently more bullish than ever regarding the future fortunes of Bitcoin and a host of altcoins. That’s according to the results of a Q2 retail investment survey conducted by crypto firm Voyager Digital, which polled 3,671 high-frequency traders on … [Read more...] about Bitcoin investors more bullish than ever despite 50% price crash: Survey
Bitcoin will dip to $25K if this trader’s 20% crypto crash forecast comes true
Bitcoin (BTC) is heading for "absolute carnage" which will result in a trip to around $25,000, a popular trader has warned as bullish signals disappear for BTC/USD.In characteristically direct tweets this week, Twitter account Cobra Crypto warned that 20% is about to be shaved off the entire cryptocurrency market cap. Crypto to see "absolute carnage" within days?Bitcoin has … [Read more...] about Bitcoin will dip to $25K if this trader’s 20% crypto crash forecast comes true