Market Pullback Deepens: Bitcoin Slips, ETH Drops, and Traders Panic Over Mus...
The crypto market’s October slump just worsened, dropping by around 3%. Bitcoin slipped under $110,000 intraday and Ethereum fell below $3,900, dragging most altcoins into the red as a risk-off wave rippled across digital assets. The drawdown follows one of the harshest months of the year. The market has erased roughly $370 billion in value, […]
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As my readers likely know, Bitcoin price has been marching higher for the past 40 hours or so. $304 provided support to stop the panic selling of a couple days back, and has since propelled the price higher. We now see 'Elliott Waves of 5' pointing upwards. Hence, we now expect the worst of the selling to be over. What's next? Most traders do not yet know the selling is over. They don't trust this rally and are, therefore, not aggressively buying. They are waiting for the other shoe to drop. When the next pullback begins, they will expect that new lows are coming. It is only when the....
Data from Glassnode has revealed how the large Bitcoin traders showed expert timing in the derivatives market during the market reversal. Bitcoin Large Traders Have Shifted To A Net Short Bias In a new post on X, on-chain analytics firm Glassnode has talked about how the large Bitcoin traders behaved during the latest pullback in […]
Bitcoin in Downtrend After another week of turbulent market volatility, the cryptocurrency market saw severe drops with Bitcoin (BTC) and its peers plummeting nearly 25% from recent highs. This selloff caught many speculators and traders off-guard, causing a panic reaction across the market. The Crypto Fear and Greed Index shifted from a weekly high of 94 back down to a more modest 55. However, analysts have reiterated that minor corrections are both necessary and organic, […]
Bitcoin’s price fell while ether options traders have favored call options in the past month.
The Bitcoin price slipped after a failed push above $116,000, triggering roughly $125 million in liquidations and a fresh bout of risk-off across altcoins. Related Reading: Nobel Prize Winner Declares Bitcoin A Force For Economic Liberation The pullback follows last week’s tariff-driven shock and Monday’s fade from resistance, with traders eyeing whether the dip sets […]