In this video I break down the latest Bitcoin price action and assess whether we have entered the next decline in a larger degree third wave. I analyze the critical support and resistance levels to watch as Bitcoin struggles below the 60K mark and remains within a broader bear market structure. Video by More Crypto Online.
Visit Trading Platform >>
Bitcoin (BTC) is trading around $59,333, experiencing extreme volatility after plunging to a 21-month low of $58,115 earlier this week. The market is under intense pressure from macroeconomic forces and heavy derivatives activity.
New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!
Learn more >>
Bitcoin Insights Today
-The Tech & Chip Stock Contagion: A sharp risk-off rotation out of high-flying semiconductor and AI stocks (like Micron and SanDisk) has forced institutional managers to liquidate highly speculative holdings. Bitcoin has been caught heavily in this crossfire.
-Massive ETF Redemptions: US-listed spot Bitcoin ETFs recorded an estimated $1.35 billion in net outflows through Thursday alone, bringing the monthly withdrawal total to a staggering $6.4 billion. This creates continuous mechanical selling pressure on spot markets.
-Leverage Wipeout & Derivatives Panic: Over $1 billion in leveraged crypto positions—primarily over-eager longs—were completely liquidated in the last 24 to 48 hours. Futures open interest is jumping as bearish traders aggressively stack short positions.
-Macro & Regulatory Impasse: Hotter-than-hoped Personal Consumption Expenditures (PCE) inflation data and a hawkish Federal Reserve stance continue to cap global risk appetite. Concurrently, fears over a delay to the US Clarity Act (the long-awaited crypto regulatory framework) are deterring long-term institutional deployment.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
