Analyst: $60,000 becomes Bitcoin's new accumulation range, with a potential cycle bottom at $48,000.

PANews, June 16 — CryptoQuant analyst Axel Adler Jr. stated in a post that Bitcoin’s adjusted Spent Output Risk Ratio (SSRR) entered the red zone for the first time as BTC dropped to $60,000, with loss-making supply exceeding profit-making supply, indicating significant stress among holders. Historically, this indicator entering the red zone has often coincided with market bottoming periods. Meanwhile, the CVDD valuation model suggests a structural bottom near $48,300—a level that Bitcoin has almost never closed below in its history. Bitcoin has since rebounded to $66,000, smoothing

PANewsJun 16 15:14

Express News | U.S. Congress Pushes to Establish a Cryptocurrency Theft Enforcement and Coordination Task Force

BreakingsJun 16 08:46

Express News | Most crypto funds believe Bitcoin has not yet reached its bottom, and the market trough may form by late Q3 to early Q4.

BreakingsJun 15 16:28

Waller's Debut: Will the Most Crypto-Savvy Fed Chair in History Bring a Pleasant Surprise or a Shock to the Market?

Waller would be the first Fed chair in history to disclose holdings of virtual assets in financial disclosure filings. Will the most crypto-savvy Fed chair ever bring a pleasant surprise or a nasty shock to the market?

Jinse FinanceJun 16 15:17

Galaxy: Bitcoin may not have hit bottom yet—where could it fall next?

This report indicates that Bitcoin’s 'four-year cycle' may still persist, but with diminishing volatility. Market and on-chain data suggest that BTC has not yet reached its bottom, and the article outlines several potential scenarios for a market bottom.

Jinse FinanceJun 15 15:31

Analysis: Bitcoin traders should monitor the Bank of Japan's interest rate hike, as yen short positions have reached a nine-year high.

PANews, June 15 — According to CoinDesk, Bitcoin traders should pay attention this week to the Bank of Japan's interest rate decision on Tuesday. As of the week ending June 9, leveraged funds held speculative short positions in the Japanese yen amounting to over 115,000 contracts—the highest level since November 2017. If the Bank of Japan raises rates as expected to 1% and signals further tightening, these short positions could be unwound, triggering a rally in the yen and disrupting yen-funded carry trades. Carry trade investors borrow yen to invest in higher-yielding risk assets—a practice that has fueled Wall Street and bond market rallies for years and is also seen as having supported the crypto market.

PANewsJun 15 14:46