Bitcoin sees 30% retracement as selling pressure increases

Can an Old Phone Be Used as a Long-Term Cold Wallet?

Old smartphones can serve as Bitcoin cold wallets when properly modified. The approach involves taking a phone like an iPhone 7 Plus, resetting it to factory settings, installing a wallet app, and then physically removing all network components to create an air-gapped device.The cost advantage is significant for many users. In regions where hardware wallets are expensive or difficult to obtain, repurposing an existing phone provides an accessibl…

Bitcoin's correction from its January peak is a withdrawal from the typical cycle and is not out of the ordinary, with a price always on the horizon, analysts and cryptographic frames say Cointelegraph. "I don't think the bull is finished; Bitcoin experiences a retracement expected "It's only the [...] The Bitcoin article just sees a "normal correction", the cycle peak is yet to come: analysts appeared first on The Crypto Mint.

Bitcoin Drops 23% As Liquidity Tightens—Will Bulls Regain Control?

Bitcoin’s liquidity is shrinking following a sharp market correction, with the cryptocurrency struggling to regain footing after dropping 23% from its all-time high of $109,000 on January 20. According to Glassnode, market conditions have worsened as capital inflows decline and investor participation dwindles. Exchange inflows—an essential metric reflecting trading activity—have plummeted 54% from their cycle […]

BITCOIN IS DUMPING! I'M WORRIED...

Bitcoin Miners’ Exchange Deposits Raise Price Pressure Concerns

Bitcoin miners have been making significant deposits to exchanges recently, a trend that could potentially weigh on the cryptocurrency’s price. This behavior, highlighted by the Bitcoin Miner to Exchange Flow vs. Exchange to Miner Flow metric, suggests that miners are moving a net number of tokens to these platforms, typically an indicator of selling pressure. The trend has been particularly… Source

Bitcoin needs ‘deeper-pocketed investors’ to absorb the recent sell pressure from short-term holders - TECHTELEGRAPH

Bitcoin’s (BTC) price is waiting for long-term holders or institutional demand to absorb the recent sell pressure from short-term holders, according to the latest “Bitfinex Alpha” report. Bitcoin’s decline from its all-time high of $109,590 on Jan. 20 has intensified concerns about the role of institutional investors in sustaining market momentum. The recent pullback below $77,000 marks a 29.7% retracement from its peak, making it the second-dee…