Bitcoin

Focuses on news, price analysis, technological evolution, and market trends within the Bitcoin ecosystem. It explores its role and influence in the global financial system.

Bitcoin Slips To $79,500 As $277 Million Exits Spot ETFs

Bitcoin has declined to around $79,500 following a notable shift in spot ETF flows. After a five-day streak of net inflows, U.S. spot Bitcoin ETFs saw $277 million in net outflows in a single day, breaking the positive trend that had contributed to BTC's recent rally toward $83,000. Despite this daily outflow, the week's net flow for Bitcoin ETFs remains positive at $768 million. U.S. spot Ethereum ETFs also experienced significant outflows of over $103 million on the same day, nearly erasing the week's inflows and bringing its weekly net flow down to just $66 million. Bitcoin's price action appears correlated with these ETF movements, with the asset currently trading near $79,800, reflecting a 3.5% gain over the past week.

bitcoinist05/09 05:21

Bitcoin Slips To $79,500 As $277 Million Exits Spot ETFs

bitcoinist05/09 05:21

This Russell Signal Has Predicted Every Bitcoin Bull Market And It Just Got Triggered Again

Crypto analyst Bull Theory highlights a signal from the Russell 2000 index that has historically preceded every major Bitcoin bull market. The index has reportedly broken out after its longest consolidation period in over 20 years (64 months), a pattern seen before the bull runs of 2012, 2016, and 2020. The analyst explains this breakout signals increasing market liquidity and risk appetite, as capital flows to risk-on assets like crypto. This view is supported by a rising ISM Manufacturing PMI, another liquidity indicator. While noting past performance doesn't guarantee future results, the analyst suggests the setup for a powerful new Bitcoin bull market is present. Separately, Bitmine's Tom Lee suggests the bear market is over if Bitcoin closes above $76,000 for a third consecutive month—a pattern not seen in prior bear markets. Bitcoin is currently trading around $79,600, having closed March and April positively, though some analysts warn of a potential bull trap and further decline.

bitcoinist05/08 19:35

This Russell Signal Has Predicted Every Bitcoin Bull Market And It Just Got Triggered Again

bitcoinist05/08 19:35

CoinShares Survey: Institutional Investors Managing $1.3 Trillion Are Increasing Their BTC Holdings

CoinShares' latest quarterly survey reveals a cautious yet growing institutional interest in cryptocurrencies. Among 26 surveyed investors managing a combined $1.3 trillion in assets, 32% now hold Bitcoin (BTC) and 25% hold Ethereum (ETH), though digital assets typically comprise only about 1% of their portfolios. The report identifies Bitcoin as having the strongest growth prospects, followed by ETH and Solana (SOL). This sentiment is reflected in sustained capital inflows. Digital asset investment products have seen four consecutive weeks of net inflows, totaling $3.9 billion in that period. U.S. spot Bitcoin ETFs alone attracted nearly $1 billion in net inflows in early May, coinciding with BTC's price rising above $80,000. Key drivers for this adoption include improved regulatory clarity and the availability of regulated ETF products, which simplify exposure. However, internal compliance restrictions and regulatory uncertainty remain the primary obstacles to larger-scale investment. A trend noted is capital shifting from older altcoins towards newer DeFi protocols and emerging blockchain sectors.

marsbit05/08 14:14

CoinShares Survey: Institutional Investors Managing $1.3 Trillion Are Increasing Their BTC Holdings

marsbit05/08 14:14

US Spot Bitcoin ETFs Break $1.7B Inflow Streak as BTC Drops Below $80K

US spot Bitcoin ETFs saw their first daily net outflow in May, totaling $277.5 million, ending a five-day streak of approximately $1.7 billion in inflows as Bitcoin's price dropped below $80,000. Major contributors to the outflows were the Fidelity Wise Origin Bitcoin Fund (FBTC) with $129 million and BlackRock’s iShares Bitcoin Trust ETF (IBIT) with $98 million. This shift followed Bitcoin's volatility, falling from over $82,000 on Wednesday. Amid the broader outflow, the Morgan Stanley Bitcoin Trust ETF (MSBT) recorded modest inflows of $7.3 million, maintaining its record of zero outflows since its April 2026 launch. The Grayscale Bitcoin Mini Trust ETF (BTC) also saw inflows. Concurrently, the 21Shares Canton Network ETF (TCAN) debuted on Nasdaq, offering direct exposure to Canton Coin. The Crypto Fear & Greed Index moved back into "Fear" territory at 38 on Friday, though it remains above its April average, reflecting mixed market sentiment despite Bitcoin's 11% gain over the past month.

TheNewsCrypto05/08 12:30

US Spot Bitcoin ETFs Break $1.7B Inflow Streak as BTC Drops Below $80K

TheNewsCrypto05/08 12:30

Bitcoin Treasury Companies That Promised Never to Sell Are Now Selling. Why?

The narrative of "never selling" Bitcoin treasuries is unraveling as major holders pivot to using BTC as a liquidity tool. MicroStrategy has formally integrated selling Bitcoin into its financial framework, stating it will sell when beneficial—for instance, to pay dividends if its mNAV ratio falls below 1.22x. CEO Michael Saylor outlined a model where selling BTC is preferable to equity issuance under certain conditions, based on quantified thresholds like a 2.3% annual Bitcoin appreciation break-even. Similarly, Marathon Digital (MARA) sold 15,133 BTC to repay convertible debt, framing it as "balance sheet optimization." Sequans Communications has sold Bitcoin for two consecutive quarters to service maturing convertible bonds, using its BTC holdings as collateral and operational liquidity amidst revenue declines. The shift redefines these companies from pure "belief-based reserves" to leveraged treasuries where capital management decisions—driven by debt obligations, financing costs, and shareholder returns—can override holding dogma. The future path hinges on Bitcoin's price: a bull market above $112,000 would ease financing pressure and absorb tactical sales, while a drop toward $50,000–$58,000 could force more defensive selling to meet liabilities, potentially creating a downward spiral of selling pressure and price declines. Investors must now price in debt maturities, collateral calls, and specific financial triggers alongside Bitcoin exposure.

marsbit05/08 04:51

Bitcoin Treasury Companies That Promised Never to Sell Are Now Selling. Why?

marsbit05/08 04:51

Lowering Expectations for BTC's Next Bull Market

The author, Alex Xu, explains his decision to significantly reduce his Bitcoin holdings (from full to ~30% of his portfolio) during the current bull cycle, citing a lowered long-term outlook for BTC's price appreciation in the next cycle. He outlines six key reasons for this reduced expectation: 1. **Diminished Growth Drivers:** The narrative of exponential user adoption has largely played out with institutional ETF adoption. The next major growth phase—adoption by sovereign national reserves or central banks—seems unlikely in the near future. 2. **Personal Opportunity Cost:** More attractive investment opportunities have emerged in other assets, such as undervalued companies. 3. **Industry-Wide Contraction:** The broader crypto industry is struggling, with most Web3 business models (SocialFi, GameFi, DePIN) failing. This overall萧条 (depression) reduces the fundamental demand and consensus for Bitcoin. 4. **Strain on Major Buyer:** MicroStrategy, a major corporate buyer of BTC, faces rising financing expenses for its debt, which could slow its purchasing rate and create significant marginal pressure on the market. 5. **Increased Competition from Gold:** The emergence of "tokenized gold" has closed the functional gap (portability, divisibility) between physical gold and Bitcoin, offering a strong competitor in the non-sovereign store-of-value space. 6. **Security Budget Concerns:** The block reward halving continues to exacerbate the long-standing issue of funding Bitcoin's network security, with new fee source explorations like Ordinals and L2s largely failing. The author's decision to hold a significant (though reduced) position reflects a cautious, not bearish, outlook. He remains open to increasing his exposure if the fundamental reasons for his skepticism change or if new positive catalysts emerge.

marsbit04/27 02:41

Lowering Expectations for BTC's Next Bull Market

marsbit04/27 02:41

Bitcoin Derivatives Buying Pressure Continues To Rise — Is $80K Inevitable?

Bitcoin's price has been experiencing significant bullish momentum, with recent gains primarily driven by strong demand in the perpetual futures market rather than spot trading. On-chain analysis reveals sustained buying pressure in Bitcoin derivatives, as indicated by the Net Taker Volume metric, which has remained positive at around $145 million since March 7. This metric, which measures the difference between long and short orders, suggests continued dominance of buyers and reflects bullish sentiment among traders. Historically, such a shift from selling to buying pressure has consistently led to upward price movements. Analysts expecting the trend to continue, potentially pushing Bitcoin toward the $80,000 mark, though that level remains a key resistance zone. Currently, BTC is around $77,508 with little change over the past day.

bitcoinist04/27 00:01

Bitcoin Derivatives Buying Pressure Continues To Rise — Is $80K Inevitable?

bitcoinist04/27 00:01

Bitcoin Reclaims Key MVRV Support At $73.7K — What Comes Next?

Bitcoin has reclaimed the critical MVRV support level at $73,700, a key indicator for market valuation. Holding above this level suggests potential upward momentum toward the mean MVRV target of $96,000. However, a breakdown below $73,700 could lead to a decline toward the Realized Price support near $55,000. The MVRV bands outline further resistance at $118,000 and extreme overvaluation at $140,000, while deeper support lies around $51,500. Currently trading near $78,000, Bitcoin remains 38% below its all-time high of $126,198 from October 2025.

bitcoinist04/26 18:02

Bitcoin Reclaims Key MVRV Support At $73.7K — What Comes Next?

bitcoinist04/26 18:02

Historical Data Shows Bitcoin Price Has Never Breached This Level – Will It Start Now?

Historical data reveals a consistent pattern in Bitcoin's price action: after recovering 30% from a cycle low, it has never retested that bottom. This has held true across six major cycles since 2011. The current cycle, which saw a low near $61,300 in February, is approaching this critical threshold at approximately $79,694. Bitcoin has already up about 28% and needs just a 2.7% increase to breach this historically significant level. Supporting this bullish signal, exchange reserves have hit new lows, and large investors have accumulated the most BTC in a month since 2013.

bitcoinist04/26 14:23

Historical Data Shows Bitcoin Price Has Never Breached This Level – Will It Start Now?

bitcoinist04/26 14:23

Why Bitcoin Still Acts Like A Risk Asset Despite Safe-Haven Claims

Bitcoin possesses inherent qualities of a safe-haven asset, such as being portable and censorship-resistant. However, it continues to trade like a risk asset, correlating with indices like the NASDAQ during periods of uncertainty. Analysts attribute this to its lack of widespread acceptance by large capital pools, a process that may take another decade. Currently, Bitcoin is showing technical weakness with a bearish market structure shift and a rejection from a monthly fair value gap, suggesting a higher probability of a breakdown and a potential move lower. The broader downside thesis remains intact unless BTC breaks out of its current pattern with strength.

bitcoinist04/26 14:02

Why Bitcoin Still Acts Like A Risk Asset Despite Safe-Haven Claims