Altcoins News
By Evie Vavasseur
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Short-Term Holders Dump Coins. The selling pressure isn't just coming from technical patterns.
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Market Volume Surges Signal Trouble. Trading volume data from CoinMarketCap shows Bitcoin hit around $35 billion in 24-hour volume on…
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What Happens Next. Key economic indicators due out later this month could be the catalyst that pushes Bitcoin over…
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A crypto analyst warns Bitcoin could tumble to $63,000 as liquidity patterns shift and selling pressure mounts across major exchanges.
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KillaXBT dropped his bearish forecast on X this past Friday, pointing to some pretty troubling signs in Bitcoin's weekly chart structure.
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Bitcoin tried to find its footing around $71,500 recently. But KillaXBT thinks that's just a classic fake-out move - what he calls a "liquidity hunt" where the market sucks in…
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The selling pressure isn't just coming from technical patterns. On-chain analyst Joao Wedson spotted some nasty trends in short-term holder behavior that's got him worried.
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Wedson's data shows these short-term holders have been actively dumping their stacks, which creates this snowball effect of downward pressure.
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The numbers don't lie either. Bitcoin's currently trading around $67,256, up just 0.5% for the day - which is pretty weak considering how volatile crypto usually gets.
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But here's where things get interesting. KillaXBT thinks if Bitcoin does crash through that $63,000 floor, we might see a bounce back toward $72,800. The catch?
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Trading volume data from CoinMarketCap shows Bitcoin hit around $35 billion in 24-hour volume on Friday - that's pretty massive and usually means big price moves are coming.
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Glassnode's blockchain data backs up this theory. The analytics firm reported a clear uptick in Bitcoin transactions over the past week, which lines up perfectly with the bearish…
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The institutional crowd seems nervous too. BlackRock reportedly trimmed its Bitcoin exposure in early April, according to sources familiar with the matter.
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CryptoQuant added another piece to the puzzle - their data shows Bitcoin inflows to exchanges jumped on April 3rd.
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Michael van de Poppe, another well-known analyst, chimed in with his own warning about the $65,000 support level.
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