🚨JUST IN: GALAXY DIGITAL SELLS 3,100 $BTC IN TWO DAYS!According to @cryptoquant_com analyst @JA_Maartun, crypto-giant Galaxy Digital has dumped a full 3,100 $BTC (worth $218 million at current prices) in the last two days.Maartunn highlights that it has been adding 'Selling pressure into the rally'. ...

📈BULLISH: K33 ANALYSTS SAY "WORST IS BEHIND US" FOR BITCOIN'S PRICEAnalysts say similar indicators for $BTC have not been seen since the 2022 FTX market crash.Given Bitcoin's lack of reaction to the U.S. - Iran conflict, it is also trending as if the most intense period of selling pressure has likely passed ...

Group 1: Bitcoin Market Dynamics - Bitcoin experienced a 4.4% increase over 24 hours, reaching approximately $68,300, influenced by easing selling pressure and a rally in tech stocks following NVIDIA's earnings report [1][2] - The overall cryptocurrency market rose by 4.4% to a total market capitalization of $2.43 trillion, driven by NVIDIA's quarterly revenue of $68.1 billion, which was up 73% year-over-year [2] - U.S. spot Bitcoin ETFs saw inflows of $506 million, marking the highest inflow since February 2, indicating a resurgence in institutional demand [3] Group 2: On-Chain Data Insights - On-chain data indicates reduced selling pressure on U.S. exchanges, with the Coinbase premium index rising from negative territory to 0.05, suggesting improved institutional demand [4] - A 25% drop in on-chain outflows since late November, along with growing demand, may signal a potential market bottom and present a buying opportunity for long-term investors [5] Group 3: Analyst Perspectives - Some analysts view the current market dynamics as a strategic entry point for investors, while others express caution, attributing reduced selling pressure to a decline in speculative activity rather than a fundamental shift in demand [5][6] - Futures volume has decreased by about 44% and spot volume is down roughly 50% from recent highs, indicating a slowdown in trading activity [6]

RT Coin Bureau (@coinbureau)📉 BITCOIN ON TRACK FOR ITS LONGEST LOSING STREAK IN 7 YEARSThe selling just isn’t stopping.February is already down -13%.If it closes red, Bitcoin will print 5 straight monthly losses — the LONGEST streak since 2018.Total drawdown already sits near -40% in ~5 months.One of the STEEPEST sustained selloffs in Bitcoin history.🔥 ...

🚨 INSIGHT: Selling pressure on Coinbase persists as the negative premium gap marks its longest stretch since November 2024, according to a CryptoQuant analyst. https://t.co/EBJdPlJBaA ...

Market Analysis - Bitcoin is showing signs of improved health [1] - Selling pressure from Coinbase is significantly decreasing [1] - Funding rates are turning negative [1] - Open interest is declining [1] Potential Catalysts - There is a possibility of interest rate cuts in December [1] - The potential end of the Ukraine/Russia war could provide relief [1]

$BTC is looking much healthierWe can see selling pressure from Coinbase is drastically decliningFunding turning negativeOpen interest droppingIf you add in the possibility of rate cuts in December & Ukraine/Russia war ending.Stars are aligning for relief https://t.co/AGzWMYaLOv ...

Product Release - CMC (CoinMarketCap) releases a new MACD Dashboard for cryptocurrency analysis [1] - The dashboard allows comparison of MACD signals across multiple cryptocurrencies [1] Features - Users can identify increasing buying or selling pressure [1] - The dashboard offers filtering by timeframe [1] - Users can switch between normalized and non-normalized views for comparison [1]

Market Overview - Bitcoin's price dropped to approximately $107,000, reflecting a broader market downturn, with a decline of roughly 5 percent in October, marking its first loss during the traditionally bullish "Uptober" month since 2018 [1][5] - Despite the recent drop, Bitcoin remains significantly higher compared to its level at the start of the year [1][5] Cryptocurrency Price Dynamics - The recent trade agreement between the US and China had minimal impact on cryptocurrency price growth, with Bitcoin's price on Coinbase falling below the global market average, resulting in a negative Coinbase premium [2][5] - A negative premium indicates weak market demand and increased selling pressure on Bitcoin, a trend historically associated with sustained periods of market weakness [3][5] Investor Sentiment and Economic Indicators - Investors are exercising caution ahead of the US jobs report, which is anticipated to show slower hiring while keeping unemployment steady [3][5] - Bitcoin's struggle to break the key $113,000 level signals weakening demand and potential for further declines, with the upcoming jobs report expected to shape market sentiment and guide expectations for rate cuts [5] Economic Context - During a meeting in Busan, US President Donald Trump and Chinese President Xi Jinping agreed to reduce US tariffs on Chinese goods from about 57 percent to roughly 47 percent, in exchange for China pausing new export controls on rare earths and resuming purchases of American goods [5]

🔥 LATEST: Just like in April, selling pressure in derivatives has eased, signaling renewed bullish momentum for Bitcoin. https://t.co/WbJBclAfGa ...