opinion

BTC holders continue to hold rather than cash out despite ETF approval

"Despite the price correction following the launch of the Bitcoin Spot ETF, BTC holders appear to be holding on rather than cashing out," Checkmate (@Checkmatey), principal analyst at crypto on-chain data analytics firm Glassnode, said on X (formerly Twitter). "Bitcoin's recent pullback has been unusually shallow compared to previous bull markets. In previous bull cycles, we've seen declines of 25%, 30%, and sometimes 50% and 60%. "These indicators suggest that BTC holders are currently more bullish than ever and are reluctant to cash out, even after the ETF approval, which was seen as a sell-the-news selling event."

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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