Bitcoin Slips From Weekly Close Target In Drop To $62,500
A $125 million whale short and $192 million in ETF withdrawals added pressure as Bitcoin broke key support and bearish momentum deepened.
6 Articles
6 Articles
Bitcoin price slips below $63K as whale builds $125M short
Bitcoin price has fallen 2% from $63,895 to an intraday low of $62,667 on Aug. 14 as spot selling, a $125 million whale short, and weak derivatives demand pushed the price toward a key support zone. Bitcoin price action today…
Bitcoin Whales Wake Up After 12 Years With 8,000% Gains, Raising Market Fears
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has fallen roughly 2% over the past week, keeping traders cautious as broader macroeconomic uncertainty and the delayed U.S. CLARITY Act weigh on sentiment. Bitcoin’s recent weakness is now being accompanied by an unusual burst of activity from long-dormant holders, with four wallets inactive for more than […]
Bitcoin Slips to $62.5K as Weekly Close Risk Signals Further Losses
Bitcoin moved lower into Friday’s Wall Street open, with traders increasingly focused on whether the market is setting up for a renewed downside break. While broader risk assets managed to hold momentum after encouraging US inflation developments, BTC failed to participate, slipping toward month-to-date lows around the low-$62,000s. Market attention has now shifted to the next major US macro release: the Aug. 26 Personal Consumption Expenditures…
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