2020-10-15 19:26 |
Social sentiment data, strengthening fundamentals and on-chain analysis suggest Bitcoin is on the verge of a 2017-style bull run. origin »
Bitcoin price in Telegram @btc_price_every_hour
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U.S. spot Bitcoin ETFs saw $326 million in net outflows on June 5, with Ethereum ETFs losing nearly $6 million, signaling cautious institutional positioning.
Bitcoin’s open interest dropped roughly 25% to $23.2B, its lowest since early April, while Ethereum’s fell 13% to $9.8B, levels last seen in March.
Ethereum has been underperforming since the start of the week, losing 17% of its value over the last seven days. The decline comes amid a massive selloff in the broader cryptocurrency market. Ethereum has lost the $1,700 level, with the bears now targeting the $1,500 psychological level in the near term.
Bitcoin and Ether options worth $1.89B expire as BTC trades near $60K, with hedging demand rising after Middle East ceasefire hopes.
Ethereum (ETH) slipped below $1,800 on Thursday, marking its first drop to this level since February 2026. The bearish performance comes amid accelerating spot selling and increased distribution from long-term holders.
BitMine has moved to raise $300 million through a preferred stock sale as the Ethereum treasury firm turns to dividend-paying securities for fresh capital. According to a Wednesday filing with the U.
Ethereum's drop below $1,900 has put the spotlight on whether buyers can regain control before another wave of selling emerges.
