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Bitcoin Whales Selling to ‘Weak’ Hands Bad for Price: Peter Schiff

Bitcoin Whales Selling to ‘Weak’ Hands Bad for Price: Peter Schiff

The post Bitcoin Whales Selling to ‘Weak’ Hands Bad for Price: Peter Schiff appeared on BitcoinEthereumNews.com. The transfer of Bitcoin (BTC) from long-term holders, also known as “OGs,” to “weak” hands will cause future drawdowns to be more severe, according to gold investor and economist Peter Schiff. Bitcoin is “finally having its IPO moment,” Schiff said on Saturday, adding that there is now enough liquidity in the Bitcoin market for long-term holders to cash out.  “This much Bitcoin moving from strong to weak hands not only increases the float, but also means future selloffs will be bigger,” Schiff added. Source: Peter Schiff Whales and other long-term Bitcoin holders dumped over 400,000 BTC in October, contributing significant selling pressure, which caused the price of BTC to crash below $85,000. The ongoing crypto downturn has left analysts and investors divided about the direction of the market and whether the bull trend will resume once liquidity conditions improve or if we are facing the next crypto bear market. The Bitcoin exchange inflow, which tracks the number of BTC sent to exchanges for selling, remains elevated. Source: CryptoQuant Related: Peter Schiff calls Strategy’s model ‘fraud,’ challenges Saylor to debate High-profile, long-term holders cash out, but can retail and institutions absorb the selling pressure? Owen Gunden, one of the earliest long-term Bitcoin holders, cashed out, selling his entire stash of 11,000 BTC, valued at about $1.3 billion, in October and November. Robert Kiyosaki, the author of “Rich Dad, Poor Dad” and an investor, announced on Friday that he sold all of his BTC, valued at about $2.25 million. Kiyosaki said that he purchased BTC when it was about $6,000 per coin and sold it at the $90,000 level. He added that he will funnel the profits into income-producing businesses. “I am still very bullish and optimistic on Bitcoin and will begin acquiring more with my positive cash flow,” Kiyosaki said. The…
Bitcoin Tests Critical $80K Support as Institutional Deleveraging Pressures BTC Below Key Moving Averages

Bitcoin Tests Critical $80K Support as Institutional Deleveraging Pressures BTC Below Key Moving Averages

The post Bitcoin Tests Critical $80K Support as Institutional Deleveraging Pressures BTC Below Key Moving Averages appeared on BitcoinEthereumNews.com. Iris Coleman Nov 22, 2025 02:12 Bitcoin trades at $84,722.97, down 2.2% as institutional deleveraging continues to pressure BTC below major moving averages, testing the crucial $80,600 support zone established during this week… Quick Take • BTC trading at $84,722.97 (down 2.2% in 24h) • Binance CEO attributes volatility to institutional deleveraging and broader risk aversion • Bitcoin testing critical $80,600 support after breaking below 20-day moving average • BTC following broader market weakness as traditional assets face uncertainty Market Events Driving Bitcoin Price Movement The primary catalyst pressuring BTC price action comes from institutional deleveraging, as confirmed by Binance CEO Richard Teng’s recent comments addressing Bitcoin’s heightened volatility. Teng specifically attributed the recent price weakness to “investor deleveraging and broader market risk aversion,” noting these trends are reflected across multiple asset classes. This institutional repositioning follows Bitcoin’s significant decline below $90,000 on November 18, marking the first time BTC traded below this psychological level in seven months. The move represents a nearly 30% decline from Bitcoin’s October peak above $126,000, highlighting the severity of the current correction. The absence of fresh positive catalysts has allowed technical factors to dominate BTC price movement, with traders focused on key support and resistance levels rather than fundamental developments. Market participants are exercising increased caution amid uncertainty over future U.S. interest rate policy and weakening global market sentiment. BTC Technical Analysis: Oversold Conditions Emerge Price Action Context Bitcoin technical analysis reveals BTC trading well below all major moving averages, with the current price of $84,722.97 sitting beneath the 7-day SMA ($89,638), 20-day SMA ($97,588), and critically, the 50-day SMA ($106,913). This positioning indicates sustained selling pressure and suggests the intermediate-term uptrend has been compromised. The 24-hour trading range of $80,600-$86,819 demonstrates significant intraday volatility, with…
Coinbase to Migrate BTC and ETH Wallets for Security Upgrades

Coinbase to Migrate BTC and ETH Wallets for Security Upgrades

The post Coinbase to Migrate BTC and ETH Wallets for Security Upgrades appeared on BitcoinEthereumNews.com. In Brief Coinbase upgrades internal wallets to improve security for BTC and ETH. No downtime expected as Coinbase migrates funds between wallets. User deposits remain unaffected during Coinbase’s wallet migration process. Coinbase has initiated the migration of Bitcoin (BTC) and Ethereum (ETH) from legacy internal wallets to new systems. The company explained that this is a routine update designed to enhance the security of its platform and infrastructure. This wallet migration is a standard security practice, carried out periodically to reduce the long-term exposure of funds. Coinbase confirmed that this upgrade is not in response to any external threats or market changes, and it will not impact user balances or trading activities. Coinbase announced that it is conducting scheduled internal wallet migrations for BTC and ETH as part of its security upgrades, noting that the move is not related to any security incident or market volatility. The migration will involve large on‑chain fund transfers but will not… — Wu Blockchain (@WuBlockchain) November 22, 2025 No Service Disruption Expected During Migration Coinbase assured users that there will be no downtime during the migration process, and trading, sending, and receiving digital assets will continue as usual. The large transfers observed on the blockchain are part of Coinbase’s internal reorganisation and do not represent withdrawals or sales of assets. Additionally, the company emphasized that user deposit addresses will remain unchanged throughout the migration. Coinbase also cautioned users to remain vigilant against potential phishing attempts, as scammers may try to exploit the migration process. The exchange’s decision to migrate funds is part of its ongoing effort to upgrade its internal security measures. These improvements are essential as Coinbase continues to expand and serve a growing global user base. By moving to newer wallets with more advanced security features, Coinbase is reinforcing its commitment to…
Remarkable Rally Pushes BTC Above $85,000 Mark

Remarkable Rally Pushes BTC Above $85,000 Mark

The post Remarkable Rally Pushes BTC Above $85,000 Mark appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with excitement as Bitcoin achieves a significant milestone, breaking through the $85,000 barrier. According to Bitcoin World market monitoring, BTC has surged to $85,079.99 on the Binance USDT market, marking one of the most impressive Bitcoin price surge movements in recent history. What’s Driving This Bitcoin Price Surge? Several factors are contributing to this remarkable upward movement. Institutional adoption continues to grow, with major companies adding Bitcoin to their balance sheets. Moreover, increasing mainstream acceptance and regulatory clarity in key markets are building investor confidence. The current Bitcoin price surge reflects growing optimism about cryptocurrency’s long-term potential. Why Does This Bitcoin Milestone Matter? Breaking through psychological barriers like $85,000 creates significant market momentum. This Bitcoin price surge demonstrates several key points: Market confidence remains strong despite recent volatility Institutional interest continues to drive substantial investment Retail participation is growing as accessibility improves Global adoption trends support long-term value appreciation How Can Investors Navigate This Bitcoin Price Environment? While the current Bitcoin price surge presents exciting opportunities, investors should approach with careful strategy. Consider these actionable insights: Diversify your cryptocurrency portfolio beyond Bitcoin Set clear profit-taking and risk management strategies Stay informed about regulatory developments Consider dollar-cost averaging to manage volatility What Does the Future Hold for Bitcoin? The ongoing Bitcoin price surge suggests strong fundamental support. However, markets naturally experience corrections. This current Bitcoin price surge could signal the beginning of a new bullish phase, or it might represent a temporary peak. Monitoring trading volumes and market sentiment will provide clearer direction in coming weeks. Understanding Market Dynamics Behind the Surge This impressive Bitcoin price surge didn’t happen overnight. It results from cumulative positive developments including technological advancements, growing merchant acceptance, and macroeconomic factors favoring digital assets. The current Bitcoin price surge reflects both short-term…
Historic Bitcoin USD Pattern Suggests This About Bear Market Duration

Historic Bitcoin USD Pattern Suggests This About Bear Market Duration

The post Historic Bitcoin USD Pattern Suggests This About Bear Market Duration appeared on BitcoinEthereumNews.com. The Bitcoin USD chart is on track to conclude the 4th consecutive week in the red courtesy of aggressive outflows. While the bears have been crushing demand, one cannot help wonder how much lower BTC will go. Interestingly, the Bitcoin USD chart mat offer insights into how things will play out in the mid to long term. Analysts recently highlighted an interesting pattern that has been playing out in BTC price for years, and one that could offer clues into how Bitcoin value will be affected in the coming months. The Bitcoin USD performance highlighted almost clockwork movements between the bullish cycles. For example, the BTC bull cycle lasted for about 1,050 days from its lowest to highest level between 2015 and 2017. I the subsequent bear market lasted about 364 days from 2017 to 2018. Bitcoin bull and bear cycles/ source: TradingView The next bullish cycle lasted from about 1,071 days from 2018 lows to its 2021 high. The bears followed with a 364-day bear market. This brings us o the latest bull cycle which lasted about 1,064 days from September 2022 to September 2025. If the cycle continues, then Bitcoin (BTC USD) could extend its current bearish dominance up to September 2026. Why the Japanese Bond Market is the Canary in the Coal Mine While the historical bull and bear cycle tops and bottoms offer a sense of what to expect in the long run, the Japanese market highlights the road to getting there. Japan’s 2-year and 10-year government bonds have been rising. This an important observation because it highlights the rising cost of borrowing the Japanese Yen. This consequently means the Yen carry trade continues to unwind, hence investors exit from risk-on assets. Higher Yen borrowing costs have also impacted the value of the Yen. BOJ struggles…
HBAR Price Falls 18% A Week After Losing Its Month-Long Support

HBAR Price Falls 18% A Week After Losing Its Month-Long Support

Hedera has suffered a sharp decline over the past week, with its price falling to $0.130 after losing more than 18%.  This drop is significant because HBAR broke below a crucial support level that had protected investors’ profits for more than a month.  Hedera Is Following The King Hedera’s correlation with Bitcoin currently sits at 0.97, one of its highest readings in months. This near-perfect correlation signals that HBAR is heavily mirroring Bitcoin’s price movement. Such strong alignment becomes especially problematic during periods when BTC faces substantial pressure, as seen this past week. With Bitcoin dropping to $84,408, HBAR has moved almost in lockstep. The high correlation has erased Hedera’s ability to move independently, making BTC’s decline one of the primary drivers behind the altcoin’s latest losses.  Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. HBAR Correlation To Bitcoin. Source: TradingView Macro momentum indicators reinforce the bearish picture. The Chaikin Money Flow is sitting near an eight-month low, signaling heavy capital outflows from HBAR. CMF measures buying and selling pressure, and a deeply negative reading indicates that investors are withdrawing funds at an accelerated pace. These persistent outflows add pressure to the already declining price trend. As liquidity exits the asset, selling intensifies and recovery efforts weaken. Unless inflows return, HBAR may continue facing difficulty in regaining upward momentum. HBAR CMF. Source: TradingView HBAR Price Can Bounce Back HBAR is down 18% this week after slipping below the crucial $0.162 support level, which had held strong for more than a month. Losing that support has exposed the altcoin to deeper declines and increased volatility as bearish sentiment grows. Given that macro conditions have not improved, HBAR could drop to $0.120 from its current price of $0.129. A fall below $0.120 may trigger additional losses, sending the price toward $0.110 as selling pressure builds. HBAR Price Analysis. Source: TradingView If bullish momentum returns, HBAR may attempt a recovery. A move above $0.133 would be the first step toward stabilizing the trend. Breaking past $0.145 could open the path to $0.154 and higher, invalidating the bearish outlook and restoring investor confidence.
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Author: Coinstats2025/11/23 06:04