Bitcoin is still being bought, just much more cautiously: report

Short-term Bitcoin buyers are turning cautious and accumulation is slowing, even as net positions remain positive. Bitcoin climbed above $126,000 in early October and recently crashed to $60,000 before staging a modest recovery around $68,000. Despite the bold twist, many entities are still buying the assets, betting on a long-awaited price increase. But a certain […]

Bitcoin Supply Shock Occurs as Binance Reserves Hit Rock Bottom

Despite bullish scarcity signals, Binance’s Whale Ratio rose to 0.41, indicating that large investors may be preparing to sell. The available supply of Bitcoin on the world’s largest cryptocurrency exchange is shrinking rapidly. This increasing shortage, one of the most pronounced figures in months, comes as data suggests large-scale investors are accumulating the assets, paving […]