📌 Daily Summary
● LIVE TRACKINGBitcoin (BTC) faced significant market turbulence as prominent figures like Michael Saylor announced a potential $1.2 billion sell-off, speculated to serve three strategic purposes. Adding to the bearish sentiment, a founder previously critical of Ethereum (ETH) has provided a price prediction for Bitcoin, suggesting a possible bottom is in sight. Despite analysts indicating that a floor may have been reached, Grayscale pointed to multiple factors contributing to the recent decline, emphasizing the necessity of meeting three conditions for a price recovery. Furthermore, institutional investors recorded unprecedented sales in Bitcoin and Ethereum while shifting capital into two altcoins, a development that underscores the current market volatility. The transfer of thousands of Bitcoin to exchanges such as Binance and OKX has raised concerns over impending selling pressure, heightening the scrutiny on price movements ahead.
14:38
Michael Saylor, founder of Corporate Bull Strategy, has made a new announcement regarding Bitcoin (BTC) and USD reserves.
13:34
JackYi, the founder of LD Capital, admitted he was wrong about Ethereum and stated that Bitcoin is currently in its final downturn phase.
12:41
Analysts are divided on whether Bitcoin has bottomed out. When will BTC bottom out? Here are the analysts' opinions...
11:38
Grayscale analysts analyzed the decline in Bitcoin and identified the conditions necessary for a rise in the BTC price.
10:34
Spot Bitcoin and Ethereum ETFs are experiencing record outflows, while spot XRP and HYPE ETFs are seeing net inflows.
