opinion

CryptoQuant "Bitcoin to fall to $32,000 after spot ETF launch"

The price of bitcoin, which currently stands at more than $40,000 (KRW 52 million), could fall to $32,000 (KRW 42 million) after the launch of a bitcoin spot exchange traded fund (ETF), according to a report. Blockchain data analytics firm CryptoQuant made the prediction on Dec. 29 last year, Coindesk reported. Currently, short-term holders of bitcoin have an unrealized profit margin of more than 30%, which has been seen before in previous price corrections, the analysis said. It is expected that they will sell their bitcoin to take profits when the bitcoin spot ETF launches, which is expected early this month.

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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