In this video: Is this bitcoin move going to $1 million in next two years? Bitcoin’s rally from the June lows has been impressive. We are now seeing what appears to be a pullback drop potentially. But some analysts are expecting bitcoin to reach $1 million in next few years - are they right? We explain and look at the charts. Video by Alessio Rastani.
Visit Trading Platform >>
Bitcoin (BTC) is trading around $77,471 USD (fluctuating near $76,400 to $77,500), down roughly 2% to 4% over the last 24 hours.
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 Binance Security Breach / Heist: The primary catalyst for today’s market pressure is a major security incident at Binance, estimated at roughly $6.3 billion in impact, making it one of the largest crypto heists on record.
• Asset Freezes & Stolen BTC Movement: Binance announced it worked with industry partners to freeze around $3 billion of the affected assets. However, on-chain analytics show a large chunk of stolen Bitcoin (approx. 18,270 BTC split across 19 wallets) has remained dormant since Thursday night, as Bitcoin addresses cannot be frozen natively on-chain.
• Massive Liquidations: The sudden drop and heightened volatility triggered an estimated $1.49 billion to $1.57 billion in crypto futures position liquidations across the market.
• Derivatives & Skew (Put Options): Institutional and large traders have heavily scrambled for downside protection. On platforms like Paradigm, open interest in put options spiked, with the one-week options skew surging as traders hedge against further near-term weakness.
• Broader Tech/Macro Pressure: Downward momentum in traditional tech stocks (including pullbacks in Nasdaq-100 futures following Amazon's capital spending outlook and weak Intel guidance) also contributed to a risk-off mood across broader markets.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
