Bitcoin News
By Dan Saada
1 / 15
Bitcoin’s Slide Below $100K Marks a Key Test. Bitcoin’s dip below $100,000 on November 4 marked the first time in over four months that the…
2 / 15
On-Chain Metrics Suggest Bitcoin Has Found a Local Bottom. While traditional analysts like McGlone warn of further downside, on-chain data tells a more…
3 / 15
Institutional Pressure and Market Sentiment. The correction comes amid broader risk aversion in global markets, driven by economic uncertainty…
4 / 15
Analysts Split on Bitcoin’s Next Move. While McGlone’s analysis points toward a possible revisit to $56,000, others believe Bitcoin has…
5 / 15
A Calm Correction or Early Warning?. The debate over Bitcoin’s trajectory continues, but most analysts agree that the current pullback…
6 / 15
Bitcoin’s recent price drop has reignited debate about whether the world’s largest cryptocurrency is entering a deeper correction or simply pausing before its next major rally.
7 / 15
In an X (formerly Twitter) post on Thursday, McGlone wrote that Bitcoin’s move toward $100K aligns with historical market behavior.
8 / 15
Bitcoin’s dip below $100,000 on November 4 marked the first time in over four months that the cryptocurrency had fallen beneath this critical psychological threshold.
9 / 15
Despite the pullback, Bitcoin has shown signs of stabilization. As of Friday, it was trading at around $101,380, according to CoinMarketCap, representing a modest rebound from…
10 / 15
One of the most closely watched indicators, the Market Value to Realized Value (MVRV) ratio, has dropped to levels typically associated with local bottoms.
11 / 15
In its latest market report, Glassnode emphasized that Bitcoin’s correction appears orderly rather than panic-driven.
12 / 15
“Unlike the 2022–2023 bear market, where losses reached extreme levels, the current reading of 3.1% suggests only moderate stress,” Glassnode noted.
13 / 15
“As long as unrealized losses stay within this range, the market can be classified as a mild bear phase characterized by orderly revaluation rather than panic,” Glassnode’s…
14 / 15
Market observers also note that liquidations of leveraged long positions have contributed to the downward pressure.
15 / 15
Vineet Budki, CEO of Sigma Capital, remains cautious, suggesting that Bitcoin could still experience a 65%–70% retracement over the next two years if macroeconomic headwinds…
The Currency Analytics
Want the full story?