Onchain cost basis data suggests $60,000 is a critical support, with deeper historical support near $54,000.
Bitcoin finds stability at 2023 investor cost basis, echoing past cycle
Onchain cost basis data suggests $60,000 is a critical support, with deeper historical support near $54,000.
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Institutions are pursuing cash-and-carry arbitrage, not outright bullish plays, Syn said.
The ratio surged 12% Wednesday as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election.
Bitcoin's recent price drop from $126,000 to $106,000 is forming a bullish falling wedge pattern.
The strongest DATs will be those with cheap funding, scale, and staking yield, which favors ether and solana treasuries over bitcoin, analyst Geoff Kendrick said.