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.

Anchored, But Under Strain

Bitcoin remains structurally fragile, trading between the STH-Cost Basis at $102.7k and the True Market Mean at $81.3k. On-chain conditions are weakening, with rising unrealized and realized losses, alongside elevated selling from long-term holders. Despite some demand absorbing this pressure, reclaiming key levels like the 0.75 cost-basis quantile ($95k) is crucial for a bullish reversal. Off-chain activity reflects caution: ETF flows are negative, spot and futures liquidity are subdued, and options markets show heightened demand for short-term downside protection ahead of the FOMC meeting. Traders are accumulating volatility, anticipating a near-term move. Post-FOMC, volatility may compress, but the market remains range-bound, balancing persistent sell pressure against patient demand.

insights.glassnode12/10 14:12

insights.glassnode12/10 14:12

The Bitcoin Vector #33

This report, titled "The Bitcoin Vector #33," is locked and requires a subscription to access. The full content is only available to paying subscribers of the service, which starts at a rate of $175 per month. The brief preview indicates that the report includes an executive summary, but the main analysis and details are behind a paywall. Existing subscribers are prompted to log in to their account to read the full article.

insights.glassnode12/10 11:51

Key Bitcoin (BTC) Price Levels to Watch Ahead of the Final FOMC Meeting of 2025

The 2025 final FOMC meeting is approaching, with Bitcoin (BTC) showing continued volatility ahead of the Federal Reserve's interest rate decision. Market expectations, as per Polymarket, indicate a 96% probability of a 25-basis-point rate cut. However, any potential bullish momentum from the rate cut may already be priced in. Key BTC price levels to monitor include the $94,000 resistance, which has repeatedly capped upward moves. A break above this level could target the psychological $100,000 barrier, though this area may trigger selling pressure similar to February's market behavior. Further resistance is seen at the 200-day simple moving average near $108,000. On the downside, critical support lies at $91,500. A break below this level could lead to a test of the $87,500 area, and potentially the $84,000 low from November 21st, which would erase the gains of the past three weeks. The $93,000 to $96,000 range shows significant liquidity concentration, indicating a potential zone for price volatility. Market participants are closely watching Fed Chair Jerome Powell's post-meeting commentary for any shifts in tone, which could trigger further market movements. The overall market direction will likely be determined by the FOMC meeting outcome and subsequent market reaction.

cointelegraph_中文12/10 11:42

Key Bitcoin (BTC) Price Levels to Watch Ahead of the Final FOMC Meeting of 2025

cointelegraph_中文12/10 11:42

Bitcoin (BTC) Year-End Push to $100,000 Largely Depends on Fed Policy Pivot Outcome

Bitcoin's potential to reach $100,000 by year-end is heavily dependent on the outcome of the U.S. Federal Reserve's policy shift. The recent 4% drop in Bitcoin, bringing it to a low of $88,140, highlights the market's sensitivity to monetary policy and credit risk. A key factor is the Fed's transition away from quantitative tightening, which concluded on December 1. Over the past six months, this policy has removed $1.36 trillion in liquidity from the financial system. The market is now pricing in a high probability of rate cuts, with expectations for three reductions by September 2026. Lower interest rates and increased systemic liquidity reduce the appeal of fixed-income assets, as seen with money market funds hitting a record $8 trillion. Simultaneously, rising credit risk in the tech sector, exemplified by Oracle's soaring debt protection costs, is pushing investors toward scarce assets like Bitcoin. Oracle, with $105 billion in debt, relies heavily on AI-driven revenues, and the market's growing concern over the sustainability of such debt-fueled growth is creating structural unease. This combination of the Fed's policy pivot, diminishing fixed-income appeal, and tech sector credit risk sets the stage for capital rotation into Bitcoin. The path to $100,000 appears clearer as these macroeconomic and credit dynamics converge.

cointelegraph_中文12/10 10:47

Bitcoin (BTC) Year-End Push to $100,000 Largely Depends on Fed Policy Pivot Outcome

cointelegraph_中文12/10 10:47

Silk Road-linked Bitcoin wallets move $3M to new address

Cryptocurrency wallets associated with the defunct darknet marketplace Silk Road have transferred approximately $3.14 million in Bitcoin to a new address, marking their most significant activity in five years. The funds were moved from wallets still holding an estimated $38.4 million in BTC. This activity follows the January pardon of Silk Road founder Ross Ulbricht by former U.S. President Donald Trump. While the U.S. government previously seized billions in Bitcoin from Silk Road, industry observers believe Ulbricht may still control additional wallets containing tens of millions in unrecovered cryptocurrency.

cointelegraph12/10 10:06

Silk Road-linked Bitcoin wallets move $3M to new address

cointelegraph12/10 10:06

30-Year Wall Street Veteran: What Horse Racing, Poker, and Investment Legends Taught Me About Bitcoin

Based on his father's lessons from horse racing, a 30-year Wall Street veteran applies a probabilistic, Bayesian thinking framework to investing. The core principles are: do your own research to set independent odds, focus on where capital is actually flowing (not just narratives), and bet significantly only when you identify a major mispricing between your assessment and the market's. Applying this to Bitcoin, he sees a fundamental case for 3:1 or 5:1 odds, while observing that most wealthy, institutional investors price it at 100:1 or zero, with minimal allocation. This creates a rare asymmetric opportunity, reminiscent of the "smart money" principles of investors like Stan Druckenmiller and Paul Tudor Jones, where low positioning is often a key signal as strong fundamentals. He advises a position size based on individual age, time horizon, and risk tolerance, noting that AI's deflationary yet disruptive force may accelerate the need for a digital, belief-based monetary asset like Bitcoin. The key is to separate the decision-making process from the outcome and act decisively only when research, odds, and positioning align.

深潮12/10 09:18

30-Year Wall Street Veteran: What Horse Racing, Poker, and Investment Legends Taught Me About Bitcoin

深潮12/10 09:18

Key Bitcoin price levels to watch ahead of 2025’s last FOMC meeting

Bitcoin's price faced rejection near the $94,000 resistance level ahead of the final 2025 FOMC meeting. Markets anticipate a 96.8% probability of a 25 basis point rate cut, but analysts warn that bullish effects may already be priced in. Attention is focused on Fed Chair Jerome Powell's post-meeting speech, as hawkish signals could trigger a sell-off. Key resistance levels include the 50-day SMA at $98,000 and the psychological $100,000 barrier. A break above $93,300 is needed to target higher gains. Support rests at $91,500, with a break below potentially leading to declines toward $87,500 or even $84,000. Liquidity clusters between $93,000-$96,000 may influence price movements post-announcement.

cointelegraph12/10 09:10

Key Bitcoin price levels to watch ahead of 2025’s last FOMC meeting

cointelegraph12/10 09:10

Bitcoin Hits New High Since Mid-November. What About Other Cryptocurrencies?

On the evening of December 9th, Bitcoin (BTC) reached $94.4k, marking its highest price since mid-November. As of the next day, it was trading around $92.6k with a 2.5% daily gain. The total cryptocurrency market cap grew 2.8% to $3.16 trillion. Ethereum (ETH) saw a significant rise of 6.4%, trading near $3.3k. Other top-10 cryptocurrencies also advanced, with Cardano (ADA) leading the group with an 8.6% surge. The top gainer in the top-100 was FET, up 10.5%, while Bitcoin Cash (BCH) was the biggest loser, down 1.8%. U.S. spot Bitcoin ETFs recorded a net inflow of $151 million on December 9th, the largest for December so far, while Ethereum funds attracted $177 million, a high since late October. These inflows are seen as a potential signal of returning liquidity to the crypto market, with some analysts viewing it as a catalyst for Bitcoin to reach around $100k by year-end, though others are more cautious, expecting growth no earlier than next year. The Crypto Fear and Greed Index improved from 22 to 26, moving out of "extreme fear" into "fear," indicating reduced panic but a market still inclined to sell. Analysts at Wintermute noted that cryptocurrencies have recently shown resilience to negative factors. Key upcoming events that could determine market direction include the U.S. Fed's and the Bank of Japan's interest rate decisions on December 10th and 19th, respectively.

RBK-crypto12/10 08:37

Bitcoin Hits New High Since Mid-November. What About Other Cryptocurrencies?

RBK-crypto12/10 08:37

Everyone is MicroStrategy: When JPMorgan Starts Accepting BTC as Collateral, Will You Still Sell Your Coins?

The article discusses a major shift on Wall Street, where major banks like JPMorgan, Citi, and Bank of America have reportedly begun accepting Bitcoin as collateral for cash loans. This move, revealed by MicroStrategy's Michael Saylor, signifies Bitcoin's evolution into a "pristine collateral" asset, comparable to U.S. Treasuries or gold. It allows holders to access liquidity without selling their Bitcoin, avoiding capital gains taxes and maintaining exposure to potential price appreciation. This development effectively democratizes the "Buy, Borrow, Die" strategy previously accessible only to large institutions and the ultra-wealthy. It is framed as a critical step in Bitcoin's monetary evolution, enabling credit creation. A "credit flywheel" is described: rising BTC prices increase collateral value, allowing for larger loans, which can be used to purchase more assets, potentially driving prices higher. This shift also suggests a weakening of restrictive regulations like the SEC's SAB 121, transferring power from crypto-native exchanges to traditional financial institutions. The article concludes with a warning about the risks of leverage, as price drops could trigger mass, forced liquidations. It offers advice for investors: adopt a "debt mindset" to use loans for expenses while holding assets, cautiously manage loan-to-value ratios to avoid margin calls, and watch for a resurgence of regulated, compliant CeFi platforms.

marsbit12/10 08:21

Everyone is MicroStrategy: When JPMorgan Starts Accepting BTC as Collateral, Will You Still Sell Your Coins?

marsbit12/10 08:21

Classic Bitcoin Buy Signal Returns: Are Miners Hinting The Next Accumulation Phase?

Bitcoin is trading just above $90,000 amid consolidation phase, while a key on-chain indicator—the Hash Ribbons—has flashed a buy signal, historically associated with medium-term bullish performance. According to analyst Darkfost, this signal occurs when miner stress peaks, often forcing less efficient miners to capitulate, reducing selling pressure and setting the stage for accumulation. The signal triggers when the 30-day moving average of Bitcoin’s hashrate falls below the 60-day average, indicating rising mining costs. Despite short-term bearish momentum and low volume, Bitcoin is testing the 100-day moving average as support. A hold above $88K–$90K may signal a rebound, while a break below could lead to deeper retracement.

bitcoinist12/10 08:02

Classic Bitcoin Buy Signal Returns: Are Miners Hinting The Next Accumulation Phase?