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 ETFs rebound with $166.5M inflows despite BTC price dip

Bitcoin ETFs saw a significant rebound with $166.5 million in inflows on February 10, reversing a trend of recent outflows. Leading the inflows were ARKB, FBTC, and IBIT. Despite this renewed institutional interest, Bitcoin's price declined by 3% to around $66,820, and on-chain activity decreased, indicating weaker short-term interest. However, Bitcoin's market dominance remained strong at 59%, suggesting large investors are accumulating while smaller traders exit. The derivatives market also saw a healthy reset as open interest halved, reducing systemic risk. Inflows were also recorded in Ethereum, Solana, and XRP ETFs, signaling institutional diversification beyond Bitcoin. The market appears to be stabilizing, with long-term investment growing amid reduced volatility.

ambcrypto02/11 22:02

Bitcoin ETFs rebound with $166.5M inflows despite BTC price dip

ambcrypto02/11 22:02

Binance Founder CZ Reveals How Bitcoin Turned Him Into A Billionaire

Binance founder Changpeng "CZ" Zhao first learned about Bitcoin in 2013 during a poker game in Shanghai, initially introduced to it by a friend. After a second friend, Bobby Lee, advised him to invest 10% of his net worth, Zhao began studying Bitcoin more seriously. Despite feeling he had missed the opportunity as prices surged, he sold his Shanghai apartment for approximately $900,000 and used the proceeds to buy Bitcoin at an average price of around $600. This marked the start of his deep involvement in crypto, leading to roles at early crypto firms and eventually founding Binance. His conviction in Bitcoin as a foundational technology, similar to the internet, drove his decisions. Today, estimates of his wealth vary, with Forbes listing it at nearly $79 billion, making him one of the world's richest individuals.

bitcoinist02/11 21:32

Binance Founder CZ Reveals How Bitcoin Turned Him Into A Billionaire

bitcoinist02/11 21:32

Structural Weakness

Since recording an all-time high in early October, Bitcoin has entered a structurally weak phase, trading within a range bounded by the Realized Price near $55k and the True Market Mean around $79.2k. The market is currently testing the $60k–$72k accumulation range from H1 2024, where buyer support has emerged, but overhead supply and negative institutional flows pose significant resistance. Off-chain data shows broad de-risking, with Digital Asset Treasury flows turning negative and spot volume lacking sustained demand. Derivatives markets indicate reduced speculative activity, elevated implied volatility, and persistent demand for downside protection, reflecting a cautious and fragile sentiment. Without a strong catalyst or renewed institutional demand, Bitcoin is likely to remain range-bound with elevated volatility, as the market struggles to establish a durable foundation for upward momentum.

insights.glassnode02/11 18:28

Structural Weakness

insights.glassnode02/11 18:28

Bitcoin Moves With Tech Stocks, Not Gold, Grayscale Research Shows

Grayscale Investments research reveals Bitcoin's price movements are increasingly correlated with technology stocks rather than traditional safe-haven assets like gold. The report notes Bitcoin's recent decline below $60,000 aligned with broader tech sector sell-offs, and its behavior resembles that of growth-oriented tech equities. This challenges the narrative of Bitcoin as a hedge against equity risk. While Bitcoin retains long-term store-of-value features like limited supply and decentralization, its short-term performance is now tied to risk appetite and capital flows influenced by tech stock performance. The analysis suggests that institutional ETF activity is integrating Bitcoin into traditional finance, potentially strengthening its connection to risk assets. Despite this shift, regulatory developments and broader blockchain infrastructure growth could impact future adoption and correlation trends.

TheNewsCrypto02/11 13:17

Bitcoin Moves With Tech Stocks, Not Gold, Grayscale Research Shows

TheNewsCrypto02/11 13:17

Bitcoin: How a $172M whale dump is pressuring BTC price

Bitcoin's price decline continues, failing to hold the $70,000 support level and reaching a local low of $66,529. A significant whale deposited 2,500 BTC, valued at $172.56 million, into Binance, signaling capitulation to limit losses. This is part of a broader trend of increased sell-side pressure from whales, with 37,000 BTC offloaded in a single day. Market data shows overwhelming seller dominance, with exchange inflows rising and the RSI indicating an oversold condition at 29.9. If this selling pressure persists, particularly from large holders, a further drop toward $62,000 is considered likely. For a trend reversal, BTC must reclaim the $72,000 and $80,000 resistance zones.

ambcrypto02/11 13:02

Bitcoin: How a $172M whale dump is pressuring BTC price

ambcrypto02/11 13:02

Bitcoin Wallet Activity Emerges in Nancy Guthrie Case

Activity has been detected in a Bitcoin wallet linked to the ransom demand in the disappearance of Nancy Guthrie, mother of NBC Today co-anchor Savannah Guthrie. The activity, first noted since the ransom note was sent, occurred on February 6, shortly after the FBI released surveillance images of a person of interest. Details of the transaction remain undisclosed. Guthrie went missing on February 1 from her Arizona home after evidence of a struggle was found. A ransom note demanding millions in Bitcoin had been sent to media outlets, with two deadlines that have since passed. Officials have not confirmed whether the transaction is related to the kidnappers, the family, or law enforcement. The case reflects a broader trend of cryptocurrency-related kidnappings globally.

TheNewsCrypto02/11 11:14

Bitcoin Wallet Activity Emerges in Nancy Guthrie Case

TheNewsCrypto02/11 11:14

Bitcoin price dips as shutdown odds hit 67% – Is a local top ahead?

Bitcoin's price has dipped below $70k amid growing fears of a potential U.S. government shutdown, with traders pricing in a 67% chance of a shutdown beginning February 14th. Despite a 30%+ drop from its mid-January peak of $97k, new capital inflows have turned negative, indicating weak investor appetite. Stablecoin metrics, particularly USDT's declining market cap, suggest tightening liquidity and reduced risk sentiment. This mirrors previous shutdown cycles where liquidity drained and crypto assets fell significantly. Macro fears, including Fed policy uncertainty and geopolitical tensions, are outweighing dip-buying interest. Current conditions point to a potential local top rather than a durable support zone, with Bitcoin remaining vulnerable to further downside until liquidity stabilizes and confidence returns.

ambcrypto02/11 10:01

Bitcoin price dips as shutdown odds hit 67% – Is a local top ahead?

ambcrypto02/11 10:01

Bitcoin Sell-Off Goes Largely Unabsorbed: Fresh Capital Is Missing

Bitcoin is struggling to reclaim key resistance levels amid weakening market demand and persistent capital outflows. According to a CryptoQuant report, new investor inflows have turned negative, with cumulative 30-day flows dropping to approximately –$2.6 billion. This indicates that the current sell-off is not being absorbed by fresh capital, contrasting with typical bull-market corrections where dips attract new buyers. Instead, the market shows signs of a transitional phase often seen after a cycle peak, with price movements driven by internal capital rotation rather than new inflows. Without sustained demand, any upward price action is likely corrective rather than indicative of a trend reversal, suggesting continued resistance and volatility until new capital enters the market.

bitcoinist02/11 07:04

Bitcoin Sell-Off Goes Largely Unabsorbed: Fresh Capital Is Missing

bitcoinist02/11 07:04

Bitcoin – Is this a good time to enter the market and ‘buy the dip?’

Bitcoin's recent price drop has created market unease, but analysts suggest such periods of fear often present strategic buying opportunities. Current data shows that losses among Bitcoin investors are outweighing profits, with many selling at a loss after purchasing near recent highs. Approximately $2.6 billion in capital has exited the market over the past month, reducing typical dip-buying support. The realized profit-to-loss ratio has also declined, indicating accelerated loss realization. However, historical patterns show that extreme fear in market sentiment—often marked by terms like "crash" and "sell" in online discussions—frequently coincides with short-term price bottoms. Metrics such as MVRV suggest that when most holders are at a loss, selling pressure tends to decrease, potentially setting the stage for a rebound. This implies the current downturn may be closer to a reversal than it appears, presenting a potential entry opportunity for investors.

ambcrypto02/11 07:03

Bitcoin – Is this a good time to enter the market and ‘buy the dip?’

ambcrypto02/11 07:03

After Bitcoin's Plunge, We Finally Don't Have to Pretend Anymore

After Bitcoin's sharp decline from its peak, the author argues that the cryptocurrency is experiencing its "most honest moment" as conflicting narratives about its fundamental value have unraveled. The article critiques the evolving identities assigned to Bitcoin—from a decentralized anti-government currency (2017-2020), to "digital gold" hedging against inflation (2020-2023), and finally to a tech growth asset akin to Nasdaq stocks (2024 onward). Each narrative collapsed when market conditions contradicted its premise, leaving Bitcoin without a clear identity. The recent drop exposed market confusion: Bitcoin fell alongside equities during risk-off events and did not rise with gold's gains, revealing inconsistent correlations. The author suggests that the obsession with labeling Bitcoin as either a safe-haven or risk asset is misguided. Instead, Bitcoin’s value is purely consensus-driven, devoid of cash flows or intrinsic worth. The piece concludes that the collapse of narratives is healthy—it filters out speculative investors who relied on flawed stories, leaving behind those who believe in Bitcoin without needing justification. The author emphasizes that Bitcoin doesn’t require a fixed identity; it reflects market sentiment, and its volatility is inherent. Acknowledging uncertainty, rather than clinging to narratives, is a more honest approach to the asset.

marsbit02/11 05:39

After Bitcoin's Plunge, We Finally Don't Have to Pretend Anymore

marsbit02/11 05:39

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