Bitcoin

Focuses on news, price analysis, technological evolution, and market trends within the Bitcoin ecosystem. It explores its role and influence in the global financial system.

BTC Market Pulse: Week 17

BTC Market Pulse Week 17 indicates a complex market with mixed signals. Despite strong buyer interest buffering against significant declines, spot CVD turned negative, revealing increased selling pressure. Futures open interest rose, but declining funding rates and perpetual CVD suggest growing bearish sentiment. Options show reduced demand for downside protection, potentially softening bearish outlooks. US Spot ETF metrics improved, reflecting strong investor interest and profitability. Liquidity metrics indicate cautious conditions with easing outflows, while on-chain signals like improving NUPL suggest a potential stabilization phase, though fear-driven selling persists.

insights.glassnode04/20 15:30

Bitcoin Price Could See Another Crash, But What Is The Long-Term Prognosis?

Bitcoin recently surpassed $78,000, reigniting bullish sentiment and expectations of reaching six figures. However, analyst Behdark warns of a potential price crash before any sustained recovery. He suggests current optimism may be misleading, possibly a tactic by market makers to attract buyers before a downturn. Technical analysis indicates bearish patterns, such as a triangle or diamagnetic formation, signaling a likely decline. Key resistance levels to watch are $77,000 and $80,552, where a reversal may occur. If a correction happens, support levels are identified near $72,800, $67,885, and $67,677, with a break below possibly leading to a further 10% drop. The long-term outlook remains above the $60,000 cycle support, suggesting eventual recovery after a short-term dip.

bitcoinist04/20 12:32

Bitcoin Price Could See Another Crash, But What Is The Long-Term Prognosis?

bitcoinist04/20 12:32

Strategy's 'Money Printer': Is STRC Bitcoin's Savior or Destroyer?

Bitcoin's recent price movement is being heavily influenced by Michael Saylor and his company, MicroStrategy, through a new financial instrument: STRC (Variable Rate Series A Perpetual Stretch Preferred Stock). This Nasdaq-listed perpetual preferred stock offers an 11.5% annual dividend, attracting significant capital. Crucially, funds raised from STRC are used to purchase Bitcoin, with a 3x leverage effect—for every $1 from STRC, MicroStrategy adds $2 from MSTR equity to buy $3 worth of BTC. This creates a powerful "flywheel": more STRC sales fuel massive BTC buying, supporting its price and improving MicroStrategy's credit, which in turn makes STRC more attractive to investors. However, this mechanism introduces risks. A significant "ex-dividend arbitrage" pattern has emerged, where traders buy STRC before its monthly dividend, collect the payout, and quickly sell, causing price volatility and potentially driving up Bitcoin's cost basis for MicroStrategy. In response, Saylor has proposed shifting STRC to a semi-monthly dividend to smooth out these effects. Furthermore, STRC's high yield is being integrated into DeFi protocols like Apyx Protocol and Saturn Credit, offering new on-chain yield opportunities. The central concern remains: as MicroStrategy aggressively accumulates over 3.5% of all BTC, it challenges Bitcoin's foundational principle of decentralization, creating a system where a single public company significantly influences the market.

marsbit04/20 08:06

Strategy's 'Money Printer': Is STRC Bitcoin's Savior or Destroyer?

marsbit04/20 08:06

Ceasefire Drama Escalates—Trump Points Finger At Iran, Bitcoin In Focus

Iran's Foreign Ministry accused the U.S. of committing war crimes through an unlawful naval blockade, citing violations of the UN Charter and a 1974 resolution. President Trump, meanwhile, claimed Iran fired shots in the Strait of Hormuz, breaching the ceasefire. Both sides blamed each other for escalating tensions. Bitcoin reacted immediately, dropping from $76,250 to $75,400 amid the news, reflecting the market's sensitivity to the conflict. Earlier volatility occurred when Trump announced—and Iran denied—a nuclear deal suspension. The Strait of Hormuz remains a critical flashpoint, with markets closely monitoring whether negotiations will hold or collapse.

bitcoinist04/20 06:01

Ceasefire Drama Escalates—Trump Points Finger At Iran, Bitcoin In Focus

bitcoinist04/20 06:01

Geopolitical Risks Persist, Bitcoin Becomes a Key Barometer?

Amid escalating geopolitical tensions in the Middle East, particularly around Iran and the Strait of Hormuz, and a sudden injection of nearly $200 billion in liquidity by the Federal Reserve and the U.S. Treasury, financial markets are caught in a tug-of-war between liquidity-driven gains and risk-off sentiment. Bitcoin is emerging as a key indicator in this environment due to its high sensitivity to liquidity shifts. It has historically acted as a leading signal—declining ahead of equity downturns and recovering before broader markets. Currently, its ability to break above the $80,000–$85,000 resistance level will test whether recent liquidity injections can outweigh geopolitical uncertainties. Failure to do so may signal underlying weaknesses, potentially in private credit or fading liquidity impact. Other indicators show mixed signals: The CNN Fear & Greed Index reflects greed, volatility indices are relatively calm, and major equity indices like the S&P 500 and Nasdaq have hit new highs. However, the situation remains fragile, with Iran-related risks capable of swiftly reversing sentiment. The key question is whether liquidity or geopolitical risk will dominate market pricing in the near term.

marsbit04/20 05:54

Geopolitical Risks Persist, Bitcoin Becomes a Key Barometer?

marsbit04/20 05:54

Arthur Hayes' New Article: It's 'No-Trade Zone' Time

Arthur Hayes argues that the current market is in a "no-trade zone," a period of high uncertainty created by two converging forces: the deflationary shock from AI and the inflationary shock from geopolitics. AI agents are rapidly displacing knowledge workers, eroding their incomes and creditworthiness, which will eventually trigger a deflationary financial crisis in consumer credit-dependent Western economies. Simultaneously, the war in the Middle East, particularly the potential disruption to shipping through the Strait of Hormuz, threatens global energy supplies and could force nations to abandon the dollar system. Hayes outlines three main scenarios: 1) A return to normalcy, where the deflationary AI shock remains the primary concern; 2) The "Tehran Toll Booth," where Iran controls the Strait and demands payment in gold or yuan, accelerating the end of dollar hegemony; and 3) "Empire Strikes Back," where the US destroys Iran's capabilities but risks a catastrophic regional war that sends commodity prices soaring. In all but the most extreme scenarios, Hayes posits that the key driver for Bitcoin's price will be the *quantity* of money, not its price (interest rates). He expects that governments, forced to fund wars and stockpile resources, will have to print money, expanding the money supply. This would be bullish for fixed-supply assets like Bitcoin, even if it occurs alongside rising rates. However, he cautions that until this liquidity is explicitly unleashed (e.g., when bond market volatility spikes), the risk/reward for new long positions is poor. His current strategy is to wait for a clear signal of monetary expansion before deploying capital, preferring to hold gold and select crypto assets in the meantime.

marsbit04/20 00:13

Arthur Hayes' New Article: It's 'No-Trade Zone' Time

marsbit04/20 00:13

US-Based Bitcoin ETFs Post Roughly $1B Inflows In Past Week: Report

US-based spot Bitcoin ETFs recorded significant inflows of approximately $1 billion over the past week, driven by improved market sentiment amid easing geopolitical tensions in the Middle East. On April 17 alone, net inflows reached $663.9 million, marking the fourth consecutive day of positive movement. BlackRock’s IBIT led with $283 million, followed by Fidelity’s FBTC with $163.42 million and Ark 21Shares’ ARKB with $117.9 million. This brings the two-week total net inflows to over $1.78 billion. Despite the increased institutional interest, Bitcoin’s price declined over 2% in 24 hours, trading around $75,664, while ETF holders remain at a loss with an average cost basis of $82,247.

bitcoinist04/20 00:02

US-Based Bitcoin ETFs Post Roughly $1B Inflows In Past Week: Report

bitcoinist04/20 00:02

From Aluminum To Bitcoin: Alcoa To Sell Dormant Plant To NYDIG

Alcoa is in advanced talks to sell its dormant Massena, New York aluminum smelter to Bitcoin mining firm NYDIG, with a deal expected to close by mid-2026. The site, idle since 2014, is attractive due to its existing heavy-duty electrical infrastructure, including substations and grid connections capable of handling massive power loads, as well as access to low-cost hydroelectric power from the New York Power Authority. This follows a trend of crypto and data center firms repurposing deindustrialized sites for their built-in infrastructure. While many miners are diversifying into AI, NYDIG is doubling down on Bitcoin, having recently acquired Crusoe Energy's mining operations. The Massena deal represents a significant expansion of its Bitcoin-focused strategy.

bitcoinist04/19 20:01

From Aluminum To Bitcoin: Alcoa To Sell Dormant Plant To NYDIG

bitcoinist04/19 20:01

Bitcoin Sentiment Remains At Extreme Low Despite Price Surge Above $77K

Despite Bitcoin's price surge to a 10-week high above $77,500, on-chain data from Santiment reveals investor sentiment remains extremely low. The rally, partly driven by geopolitical developments, has not triggered typical FOMO; instead, bearish comments match bullish ones as retail investors show fatigue and skepticism. This contrarian sentiment may actually support further price increases, as markets often move against crowd expectations. Analysts suggest Bitcoin could surpass the widely anticipated $84,000 resistance and potentially reach $90,000 or higher, though external factors like Middle East tensions and U.S. policy developments could quickly alter its trajectory.

bitcoinist04/19 06:02

Bitcoin Sentiment Remains At Extreme Low Despite Price Surge Above $77K

bitcoinist04/19 06:02

Expert Predicts What Will Happen To Bitcoin Price Amid The Miner Shift To AI

Expert Charles Edwards warns that Bitcoin miners are rapidly pivoting to AI, which could negatively impact BTC's price and network security. Public mining firms expect Bitcoin revenue to drop from 90% to 30% in 2-3 years, driven by stock performance incentives—companies targeting over 80% AI revenue saw shares surge 500%. This shift reduces investment in new mining hardware, potentially weakening network security. Additionally, miners are selling BTC holdings aggressively, with over 32,000 BTC sold in Q1 2026, creating sell-side pressure. The halving rewards and low hash prices further squeeze profits, suggesting industry leaders lack long-term Bitcoin price confidence.

bitcoinist04/19 05:02

Expert Predicts What Will Happen To Bitcoin Price Amid The Miner Shift To AI