Bitcoin futures premium hits 30%, but analyst says, 'This time it’s different’
Futures traders are using excessive leverage and historical data shows Bitcoin price crashes tend to occur after the futures premium reaches 30%.
March 30 could become a historical day that will be remembered by Bitcoin (BTC) fans for a long time. Besides marking a 17% recovery from the $50,300 bottom on March 25, PayPal officially confirmed that it will support crypto payments for U.S. customers. Moreover, CME Group announced that its Micro Bitcoin futures contracts will launch on May 3 with the contract size starting at 0.1 BTC each.
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https://cointelegraph.com/news/bitcoin-f...-different
The big $60K hodl is on: 5 things to watch in Bitcoin this week
No signs of selling as miners hoard their earnings and institutions keep piling into the latest Bitcoin exposure products to hit the market.
Bitcoin is looking shaky at the start of a new week as $60,000 remains out of reach — could anything change in the coming days?
After an average weekend that failed to deliver the breakout that many had hoped for, Bitcoin (BTC) is clinging to the mid-$50,000 range.
Cointelegraph takes a look at five factors that can help shape future price performance.
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https://cointelegraph.com/news/the-big-6...-this-week
BTC Futures Open Interest Hits $23B, Binance Captures Lion's Share, Signals Say 43% Chance of $64K Bitcoin by Month's End
Bitcoin futures open interest on Monday has crossed $23 billion according to data recorded on April 5. The crypto asset exchange Binance has taken the lead as far as open interest in bitcoin futures is concerned with a massive $10.5 billion in open interest.
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https://news.bitcoin.com/btc-futures-ope...onths-end/
Bitcoin bei 130.000 Dollar? Das steckt hinter dem neuen Kursziel von JP Morgan
Die geringeren Kursschwankungen beim Bitcoin könnten institutionelle Anleger anziehen und die Rally weiter befeuern. Allerdings macht die US-Bank eine Einschränkung.
Düsseldorf Eine der größten Investmentbanken weltweit sieht beim Bitcoin noch jede Menge Kurspotenzial. In einer am Dienstag veröffentlichten Studie hat JP Morgan sein Kursziel für die älteste und wichtigste Kryptowährung auf 130.000 Dollar gesetzt. Aktuell notiert der Bitcoin laut Daten des Analysehauses Coinmarketcap bei rund 58.000 Dollar.
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https://www.handelsblatt.com/finanzen/ma...Lt4xZS-ap4
5 key reasons why Bitcoin will likely see new all-time highs soon
On-chain data suggests Bitcoin price will likely breakout to a new all-time-high soon as whales, miners and long-term hodlers turn bullish again.
The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months, on-chain data reveals.
However, five key indicators suggest that major sellers are about to turn into hodlers or even accumulators of Bitcoin again, while institutional demand remains high. This is an explosive setup that may send Bitcoin to new all-time highs in the near term.
Whales stopped selling
The number of whales, which are Bitcoin addresses with a balance equal to or more than 1,000 Bitcoin, have declined by more than 10% since Feb. 8, suggesting a large sell-off of Bitcoin.
While the price of Bitcoin managed to see two all-time highs during the two-month dumping period, the overall price rise has significantly slowed down, with BTC finding strong resistance at around $60,000. Since March 31, however, large holders of Bitcoin have stopped selling.
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https://cointelegraph.com/news/5-key-rea...highs-soon
Bloomberg Foresees Bitcoin Rallying to $400K This Year
Analysts at Bloomberg Crypto argue the largest cryptocurrency might be due for a run analogous with the steep rallies of 2017 and 2013,
following prior "halvings" on the blockchain network.
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“Our graphic depicts bitcoin on similar ground as the roughly 55x gain in 2013 and 15x in 2017,” Bloomberg Crypto noted in a monthly report published this week. “To reach price extremes akin to those years in 2021, the crypto would approach $400,000, based on the regression since the 2011 high.”
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https://www.coindesk.com/bloomberg-bitco...prediction
Meitu now holds $100 million in BTC and Ether after latest Bitcoin purchase
The tech company has been on a buying spree of late, racking up $100 million worth of Bitcoin and Ether.
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Meitu HK, the wholly-owned Hong-Kong subsidiary of Meitu Inc (incorporated in the Cayman Islands), acquired 175.67798279 units of Bitcoin for a combined price of $10 million, implying a purchase price of around $57,000 per coin. The purchase was reportedly made using existing cash reserves, based on spot prices on the open market.
During the past month, Meitu racked up $90 million worth of cryptocurrency purchases, split between Bitcoin and Ether (ETH). Following Thursday’s latest acquisition, the firm has now purchased $49.5 million worth of BTC, and $50.5 million worth of Ethereum.
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https://cointelegraph.com/news/meitu-now...n-purchase
Bitcoin suddenly hits $60K as a new resistance battle liquidates $850M
BTC/USD reaches $61,000 for the first time in almost one month in a fresh burst of bullish market action.
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"Being a bear is expensive"
Cointelegraph Markets Pro and TradingView showed a sudden push allowing BTC/USD to exit the $50,000 corridor overnight on Friday.
The move had been weeks in the making — a convincing attack on $60,000 resistance, the last before all-time highs, had previously failed to materialize before.
Now seemend different, however, with Bitcoin going on to pass $61,000 before consolidating at around $60,650 at the time of writing.
"$163,745,606 of Bitcoin shorts liquidated in an hour," quant analyst Lex Moskovski noted on Twitter as the market turned. 
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https://cointelegraph.com/news/bitcoin-s...dates-850m