opinion

BTC correction is a profit-taking move by short-term holders... more upside ahead

"Looking at bitcoin's correction and the associated SOPR (a metric that measures whether holders are selling assets at a profit or loss), it appears to be a short-term holder profit-taking move," said Crypto Dan, a South Korean crypto-quant contributor specializing in cryptocurrency research. "The SOPR data for the past 13 days shows profit-taking behavior similar to previous bull market peaks. While this is a phenomenon that occurs every few years, it is difficult to conclude that (the current move) signals a bull market top given the presence of BTC spot ETFs and institutional buying. After a short term correction, further upside is likely." On CoinMarketCap, BTC is trading down 0.61% at $68,000.05.

Bitcoin recovers $64,000 price after 42-day Bitcoin correction, absorbing more than $3 billion in selling pressure

BTC has regained $64,000, according to Coinness Market Monitor. On the Binance USDT market, BTC is trading at $64,102.48. "Bitcoin has completed a 25.6% correction that lasted 42 days," an anonymous crypto trader, Rekt Capital, told X. "It's been a long

blockchain crypto cryptocurrency Altcoins have topped out (SpotedCrypto)

Andrew Kang: "Altcoins have topped out, except for some memes"

As Andrew Kang, co-founder of crypto investment firm Mechanism Capital, recently told X, "A common mistake crypto investors make is buying too quickly when an uptrend turns down. The correction is longer and deeper than most people expect. When the majority are liquidating and questioning that crypto is dead,

blockchain crypto cryptocurrency michael saylor btc rise to 10m (Spoted Crypto)

Michael Saylor "BTC to rise to $10 million"

Michael Saylor, founder of MicroStrategy, which holds the most Bitcoin by a single company, said in a YouTube podcast that "Bitcoin will go to $10 million". "BTC is the perfect money, it's economically immortal. Economics is a quasi-religious humanities discipline, full of people's

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