Crypto funds under management drop to a low not seen since July 2021

crypto-funds-under-management-drop-to-a-low-not-seen-since-july-2021

Outflows from digital asset funds reached $141 million last week, a figure not seen since July 2021. Digital asset investment products saw $141 million in outflows during the week ending on May 20, a move which reduced the total assets under management (AUM) by institutional funds down to $38 billion, the lowest level since July … Read more

Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market

contrarian-bitcoin-investors-identify-buy-zones-even-as-extreme-fear-grips-the-market

A popular BTC price metric points to “extreme fear” in the market, but contrarian investors say multiple on-chain metrics suggest Bitcoin is in buy territory. Bitcoin (BTC) support at the $30,000 level has proven to be quite resilient amidst the turmoil of the past two weeks with many tokens in the top 100 now showing … Read more

Bitcoin price predictions abound as traders focus on the next BTC halving cycle

bitcoin-price-predictions-abound-as-traders-focus-on-the-next-btc-halving-cycle

Traders still anticipate BTC prices above $100,000, but a closer look at the BTC halving cycle chart suggests that a sharper downside move will occur first. Terra’s recent collapse has been repeatedly singled out as the main source of weakness affecting crypto assets, but it’s much more likely that a combination of factors are behind the … Read more

Bitcoin is discounted near its ‘realized’ price, but analysts say there’s room for deep downside

bitcoin-is-discounted-near-its-‘realized’-price,-but-analysts-say-there’s-room-for-deep-downside

On-chain data suggests Bitcoin price is discounted, but analysts caution against expecting a rapid recovery. There are early signs of the “dust settling” in the crypto market now that investors believe that the worst of the Terra (LUNA) collapse looks to be over. Viewing Bitcoin’s chart indicates that while the fallout was widespread and quite … Read more

Bitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’

bitcoin-price-could-bounce-to-$35k,-but-analysts-say-don’t-expect-a-‘v-shaped-recovery’

Daily closes above $30,000 could be a sign that BTC price is ready to consolidate, but traders warn against “generational bottoms” and “V-shaped” recoveries. Altcoins saw a relief bounce on May 13 as the initial panic sparked by Bitcoin’s sell-off Terra’s UST collapse and multiple stablecoins losing their dollar peg begins to decrease and risk … Read more

Buy the dip, or wait for max pain? Analysts debate whether Bitcoin price has bottomed

buy-the-dip,-or-wait-for-max-pain?-analysts-debate-whether-bitcoin-price-has-bottomed

BTC is flashing a few early bottoming signals, but analysts question whether “buying the dip” is a wise maneuver given the strength of the dollar and other factors. It has been a rough week for the cryptocurrency market, primarily because of the Terra ecosystem collapse and its knock-on effect on Bitcoin (BTC), Ethereum (ETH) and altcoin … Read more