Bitcoin’s steep decline fueled by short-term holders
High-frequency traders and day traders rile Bitcoin market as prices plummet.
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📖 α Weekly Research
Bitcoin’s steep decline fueled by short-term holders
High-frequency traders and day traders rile Bitcoin market as prices plummet.
Bitcoin ETFs witness record $937.9 million outflow amid investor unease
Fidelity and BlackRock led the historic Bitcoin ETF outflow.
α Top Insights
📖More α Research
Futures market sheds $2.24B in OI after Bitcoin’s drop to $88k
CME's substantial reduction in OI shows institutions are cautious amid Bitcoin's volatile downturn.
Bitcoin’s short-term holder realized price remains a critical support amid market volatility
The cost basis set by short-term holders has historically acted as the strongest support for Bitcoin's price.
Bitcoin price steadies as large holders curb profit-taking in February
The flattening of profits among major Bitcoin holders means less pressure on Bitcoin's price.