In this video I break down the latest Bitcoin price action using a combination of Elliott Wave analysis and Wyckoff accumulation theory. As we navigate current market volatility, I examine the potential for a localized bottom and how we can identify whether the current price structure points toward further downside or a structural reversal. Video by More Crypto Online.
Visit Trading Platform >>
As of today, July 24, 2026, Bitcoin (BTC) is trading at approximately $63,900 to $64,360, representing a roughly 1.4% decline over the past 24 hours after failing to sustain a brief intraday push toward $66,000.
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
Tech Earnings Spillovers:
-Macro market shifts triggered by second-quarter tech earnings pulled down the Nasdaq and equities, leaking directly into the crypto momentum trade.
-ETF Capital Outflows: Spot Bitcoin ETFs registered $225 million in net outflows on Thursday, breaking a strong 7-day accumulation streak totaling roughly $999 million.
-Treasury Yield Pressure: Heightened U.S. tariffs and geopolitical tensions in the Middle East have elevated inflation expectations, pushing U.S. Treasury yields higher and increasing the opportunity cost for non-yielding assets like Bitcoin.
Review Key Developments and Insights
-Bullish Options Exposure: Despite the immediate spot price dip, a massive $5 billion open interest concentration sits clustered around the $70,000 and $72,000 call options strikes on Deribit
-Macro Stability Focus: Analysts from Coinbase Research emphasize that Bitcoin remains fundamentally resilient as long as the Federal Reserve’s upcoming policy path limits extreme rate volatility.
-Mining Disruption: Sector-specific pressures emerged today as prominent bitcoin mining firm Poolin officially filed for Chapter 11 bankruptcy protection.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
