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.

Bitcoin Network Activity Drops to Yearly Low. What Has Changed

Bitcoin network activity has dropped to its lowest level of the year, with the 7-day moving average of active addresses falling to 660,000. This decline is attributed to reduced activity following the peak in December 2024, which was driven by Ordinals and Runes protocols. These technologies, used for creating and trading on the Bitcoin blockchain, have shifted transaction dynamics, now accounting for most transactions but contributing only 5-10% of total fee revenue. This shift has negatively impacted miner economics. Daily miner revenue has decreased from around $50 million in Q3 to approximately $40 million, with fees making up a smaller portion of earnings (0.65% in December compared to 2.73% a year ago). Average transaction fees have also fallen to $0.48, down from $3.7 a year earlier. With block subsidies continuing to halve (currently 3.125 BTC per block until spring 2028), miner profitability is increasingly dependent on transaction fees. Fred Thiel, CEO of MARA Holdings, warned that without Bitcoin appreciating by at least 50% annually or a significant rise in network fees, traditional mining could become unprofitable in the coming years.

RBK-crypto12/16 13:14

Bitcoin Network Activity Drops to Yearly Low. What Has Changed

RBK-crypto12/16 13:14

Metamask Adds Native Bitcoin Support: Here’s How You Can Directly Buy BTC on Metamask

MetaMask has officially added native Bitcoin support, allowing users to buy, sell, hold, and manage BTC directly within the wallet without relying on wrapped tokens or third-party bridges. This integration, part of MetaMask's expansion into a multichain wallet, enables users to generate a native SegWit Bitcoin address upon updating to the latest version. Users can import existing Bitcoin wallets using a Secret Recovery Phrase, send and receive BTC, and swap between BTC and other supported assets like Ethereum and Solana tokens. The feature also supports fiat purchases via various payment methods. This follows MetaMask's aggressive 2025 multichain strategy, which included adding native support for Solana, Sei, and Monad.

ccn.com12/16 11:51

Metamask Adds Native Bitcoin Support: Here’s How You Can Directly Buy BTC on Metamask

ccn.com12/16 11:51

$50B and counting: Why Strategy’s Bitcoin buying suddenly looks urgent

Michael Saylor's firm, MicroStrategy, has aggressively purchased over $2 billion in Bitcoin within two weeks, bringing its total investment to over $50 billion. Analysts suggest this urgent buying spree, funded by selling MSTR shares, may signal preparations for a major bullish development. Speculation includes the creation of a Bitcoin bank or structured BTC-backed lending programs with institutions like JPMorgan, potentially generating significant yield. Saylor has previously stated that lending Bitcoin to banks represents the "endgame." However, citing stock dilution and market risks, critics warn of potential downsides for shareholders. Despite a recent drop in MSTR's stock price, the strategy underscores a high-conviction bet on Bitcoin's institutional future.

ambcrypto12/16 11:38

$50B and counting: Why Strategy’s Bitcoin buying suddenly looks urgent

ambcrypto12/16 11:38

Bitcoin Long-Term Holder Holdings Hit Eight-Month Low: Bullish Precursor or Bearish Signal?

Bitcoin's long-term holder (LTH) supply has reached an eight-month low, dropping to 14.3 million BTC, or 71.92% of the circulating supply—levels last seen in April. This decline suggests some LTHs are selling amid recent market pressure, with 761,000 BTC sold in the past 30 days. Historically, such reductions have occurred during retail-driven bull runs or near cycle tops when LTHs take profits. Technically, Bitcoin has broken below key supports, including the 50-week moving average and a bear flag pattern, with potential further downside toward the $80,000–$84,000 support area. A break below could see a test of the 200-week moving average near $68,500. While increased selling by whales ($2.78 billion in BTC sold recently) and weak technical indicators suggest short-term bearish momentum, the current LTH supply drop may also present an accumulation opportunity. If history repeats, as it did in April–July when LTH buying helped drive a 65% price surge, this could set the stage for a future rally. Market direction hinges on whether Bitcoin holds the $80k–$84k support zone.

marsbit12/16 10:40

Bitcoin Long-Term Holder Holdings Hit Eight-Month Low: Bullish Precursor or Bearish Signal?

marsbit12/16 10:40

Bitcoin long-term holder supply hits 8-month lows: Bullish or bearish?

Bitcoin long-term holders (LTHs) have reduced their supply to 71.92%, the lowest level since April, with holdings dropping to 14.3 million BTC from 14.8 million in July. This suggests potential capitulation amid fears of further price declines. Historically, LTH accumulation at lower prices has preceded rallies, but current technical indicators point to bearish pressure. BTC broke below key support levels, including the 50-week moving average, and risks a deeper correction toward $68,500 if it loses the $80,500–$83,800 support zone. Analysts note increased whale selling and weakening momentum, with the RSI in negative territory.

cointelegraph12/16 10:17

Bitcoin long-term holder supply hits 8-month lows: Bullish or bearish?

cointelegraph12/16 10:17

Grayscale’s Bitcoin price prediction: Will BTC hit a new ATH in 2026?

Grayscale predicts Bitcoin (BTC) will reach a new all-time high (ATH) in the first half of 2026, driven by factors including the "debasement trade" as investors seek safe havens amid U.S. debt concerns and regulatory clarity. The asset manager downplays concerns about potential sell-offs from digital asset treasuries (DATs), stating they are unlikely to cause major selling pressure. While Bitwise shares a bullish outlook, options market data suggests caution and bearish sentiment for H1 2026. BTC was trading around $86k at the time of writing.

ambcrypto12/16 10:01

Grayscale’s Bitcoin price prediction: Will BTC hit a new ATH in 2026?

ambcrypto12/16 10:01

Is the Plunge Just Beginning? Three 'Macro Bombs' for BTC About to Detonate

Bitcoin experienced a sharp drop on December 15, falling from $89,000 to around $85,000, nearing its December 1 low. The market fear and greed index has fallen to 21, indicating extreme fear. Three major macroeconomic events are expected to further impact Bitcoin's price: First, the U.S. November non-farm payroll data will be released on December 16. Due to the previous government shutdown, October data was incomplete, which may lead to market volatility. Weak data could reinforce expectations of a Fed rate cut in January 2026, but could also increase selling pressure on Bitcoin. Second, the Bank of Japan is widely expected to raise interest rates by 25 basis points on December 19, marking its highest rate in 30 years. This could end the long-standing yen carry trade, reducing liquidity in risk assets like Bitcoin. Historical data shows Bitcoin often drops over 20% following BoJ rate hikes. Third, uncertainty over the next Fed Chair is growing. Kevin Warsh, considered more hawkish, has gained traction as a potential nominee over Kevin Hassett. A Warsh appointment could mean tighter monetary policy, further suppressing Bitcoin’s upward momentum. These factors materialize, Bitcoin may face continued downward pressure, with some analysts predicting a fall toward $70,000.

Odaily星球日报12/16 09:33

Is the Plunge Just Beginning? Three 'Macro Bombs' for BTC About to Detonate

Odaily星球日报12/16 09:33

Bitcoin slides 4.5% as Asia session weakness amplifies $652M liquidations

On December 16th, Bitcoin (BTC) dropped 4.5% to $85.7k, influenced by weakness in Asian equity markets. The crypto market saw $652 million in liquidations, with Ethereum experiencing more liquidations than Bitcoin. Analysts noted that the sell-off was amplified by high-leverage positions rather than spot selling, causing a cascade of forced liquidations. Despite a minor rebound, the market remains volatile. Rising Open Interest and the Estimated Leverage Ratio indicate increased speculative activity and potential for further downside. The $84k support level is at risk, and a sustained recovery is not yet evident, with the market phase still in a transitional and bearish state.

ambcrypto12/16 08:32

Bitcoin slides 4.5% as Asia session weakness amplifies $652M liquidations

ambcrypto12/16 08:32

Bitcoin sharks stack at the fastest pace in 13 years, with BTC down 30%

Bitcoin (BTC) has declined 30% from its peak of $126,200 and is trading just above $85,000, raising concerns of a further drop toward $70,000. Despite this, on-chain data shows that mid-sized holders, known as "sharks" (holding 100–1,000 BTC), accumulated 54,000 BTC in the past week—the fastest pace since 2012. This suggests strong buying interest from high-net-worth and institutional investors during the dip. Historically, similar accumulation patterns in 2011 and 2012 preceded major rallies. However, large whales (holders of 10,000+ BTC) have been significant sellers over the past two months, creating selling pressure that outweighs shark demand. Analysts note record institutional buying is being absorbed by long-term holders selling at unusually high rates. This imbalance may cap near-term upside. Additionally, a breakdown below parabolic support could lead to further declines, with one analyst suggesting a potential drop to $25,000 if historical patterns repeat.

cointelegraph12/16 08:19

Bitcoin sharks stack at the fastest pace in 13 years, with BTC down 30%

cointelegraph12/16 08:19

Strategy Buys Nearly $1 Billion In Bitcoin For Second Straight Week

Strategy, a major Bitcoin treasury company, has purchased an additional 10,645 BTC for $980.3 million, marking its second consecutive week of nearly $1 billion acquisitions. This brings its total holdings to 671,268 BTC, purchased at a total cost of $50.33 billion. The firm's investments in 2025 have now surpassed its 2024 total in dollar terms. Despite these massive purchases, Bitcoin's price has declined, falling around 4.5% in the past week to approximately $86,000. The acquisitions were funded through sales of the company's stock offerings.

bitcoinist12/16 08:16

Strategy Buys Nearly $1 Billion In Bitcoin For Second Straight Week