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FTX Fallout: Data Shows Long-Term Bitcoin Holders Are Selling

Investors who have held bitcoin (BTC) for six months or more have sold at least some of their coins since crypto exchange FTX collapsed, according to Glassnode. The selling is a sign of a lack of conviction among long-term holders, which could spell more trouble ahead for the price of the cryptocurrency. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day.

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Bitcoin’s Tide May Be Turning

A chart by pseudonymous crypto analyst "Game of Trades" shows bitcoin (BTC) has hit a two-year low on record trading volume, suggesting the price could reach a turning point. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day.

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Crypto’s Swooning: Total Market Cap Falling to Early 2021 Levels

On the heels of the collapse of crypto exchange FTX, crypto’s overall market cap has sunk to as low as $763 billion from a peak of $2.5 trillion in May 2021. Bitcoin’s market cap has plunged to $319 billion from above $1 trillion last November. The current market cap for the industry hasn’t been this low since early last year. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin's Next Support Levels Closer to $12K Range

It's now been more than a week since the price of bitcoin hit a two-year low at around $15,600, and price charts suggest a drop down to $13,000 is still possible. Separately, gold-backed cryptocurrencies like PAXG and XAUT have performed positively in the past seven days, decoupling from the broader market swoon. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Drops After FTX Bankruptcy Filing

Bitcoin (BTC) and other cryptocurrencies sharply fell on the news that troubled crypto exchange FTX is filing for bankruptcy and CEO Sam Bankman-Fried is resigning from the company. FTX US also froze crypto withdrawals, sending millions in assets to bankruptcy limbo. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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FTX Balances Fell 87% in 5 Days in Epic Crypto Deposit Run, Data Shows

A glance at data from Arkham Intelligence shows the behind-the-scenes operational reality that drove billionaire Sam Bankman-Fried's beleaguered FTX exchange to order a withdrawal halt this week. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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$940M Bitcoin 'Longs' Liquidated in 48 Hours

Nearly $1 billion worth of bitcoin (BTC) in long positions on crypto exchanges were liquidated as markets fell on FTX contagion fears, according to Coinglass data. Total crypto market capitalization slid to $900 billion from over $1 trillion on Wednesday morning as traders reacted to speculation around prominent exchange FTX's liquidity issues. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Futures Market Volume Down

Bitcoin futures trading volume has dropped sharply in recent weeks, indicating a spot-driven market, according to CoinDesk's Omkar Godbole. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin in NASDAQ Futures Rising Toward 4-Month High

High-growth tech stocks are faltering while bitcoin (BTC) is falling less and showing far greater resiliency amid global macro headwinds. Separately, Bitcoin in NASDAQ futures, or BitDAQ, is rising toward a four-month high. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Markets in Textbook Bitcoin Bottom Discovery Phase: Glassnode

The crypto markets are in a textbook Bitcoin Bottom Discovery phase, according to Glassnode's latest Week Onchain Newsletter. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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