Bitcoin might be moving sideways, but Jordi Visser says there is still faith in the underlying asset, as shown through ETF approvals and the Bitcoin network hashrate hitting new highs. 🔗 Read Full Article 💡 DMK Insight Bitcoin’s sideways movement might seem dull, but there’s a silver lining: ETF approvals and a surging hashrate signal underlying strength. Jordi Visser’s comments highlight a crucial point for traders—while price action is stagnant, institutional interest is rising, which could lead to a breakout. The recent uptick in the Bitcoin network hashrate indicates that miners are confident, suggesting they expect higher prices ahead. This is often a precursor to bullish trends, especially if the hashrate continues to climb. Watch for key resistance levels; if Bitcoin can break above its recent highs, it could trigger significant buying pressure. On the flip side, the sideways action could also mean traders are waiting for clearer signals before committing. If Bitcoin fails to break out soon, we might see increased volatility as traders react to external market conditions. Keep an eye on ETF developments and the hashrate—these are indicators of market sentiment that could influence Bitcoin’s next move. 📮 Takeaway Monitor Bitcoin’s hashrate and ETF news closely; a breakout above recent highs could signal a strong buying opportunity.

A crypto analyst said the crypto market crash in October will be looked back on as one of the “bottom days in hindsight.” 🔗 Read Full Article 💡 DMK Insight So, a crypto analyst is calling October’s crash a potential bottom. Here’s why that matters right now: Market sentiment is crucial, and if traders believe we’ve hit a bottom, we could see a wave of buying interest. Historically, significant downturns often precede strong recoveries, especially if they coincide with key support levels. If this analyst is right, we might be on the verge of a rebound, but it’s essential to watch for confirmation signals. Look for a sustained move above recent resistance levels to validate this bullish sentiment. On the flip side, if we break below established support, it could trigger further panic selling. Keep an eye on trading volumes; a spike could indicate that the bottom is indeed in. Also, consider correlated assets like Bitcoin and Ethereum, which often lead market movements. If they start to recover, it could bolster confidence across the board. For now, watch for key levels and be prepared to act quickly if the market shows signs of recovery or further decline. 📮 Takeaway Monitor Bitcoin and Ethereum for signs of recovery; a sustained move above recent resistance could signal a bullish reversal.

Iran’s energy chief says 95% of the country’s 427,000 crypto mining rigs operate illegally, consuming massive power and destabilizing the national grid. 🔗 Read Full Article 💡 DMK Insight Iran’s crypto mining crackdown is a big deal for energy markets and crypto prices. With 95% of the country’s 427,000 mining rigs operating illegally, this could lead to significant power shortages and regulatory shifts. For traders, this situation highlights the fragility of energy-dependent crypto operations, especially in regions where energy costs are already high. If Iran moves to enforce stricter regulations, we could see a ripple effect on global hash rates and potentially impact Bitcoin’s price stability. Traders should keep an eye on energy prices and regulatory news from Iran, as these factors could create volatility in the crypto markets. On the flip side, this could also present opportunities for miners in more stable regions to capture market share. Watch for any announcements from Iranian authorities regarding enforcement actions or energy policy changes, as these could serve as critical indicators for market movements in the coming weeks. 📮 Takeaway Monitor Iranian energy policy changes closely; any enforcement actions could impact global crypto mining dynamics and Bitcoin’s price stability.

Despite an $8 billion rise in realized cap, Bitcoin’s recovery lacks the continued inflows from ETFs and Michael Saylor’s Strategy as the main demand drivers, according to CryptoQuant. 🔗 Read Full Article 💡 DMK Insight Bitcoin’s recent $8 billion rise in realized cap is impressive, but here’s the catch: demand isn’t as robust as it seems. The lack of sustained inflows from ETFs and the waning influence of Michael Saylor’s strategy suggest that the current rally might not have solid legs. Traders should be cautious, as this could indicate a potential pullback if buying pressure doesn’t pick up. Watch for key support levels; if Bitcoin fails to hold above recent highs, we could see a shift in sentiment. Additionally, keep an eye on broader market trends—if institutional interest wanes, it could ripple through altcoins and related assets, impacting overall market health. The real story here is whether Bitcoin can attract new capital or if it’s just a temporary spike fueled by short-term traders. For now, monitor the ETF approval news closely, as any positive developments could reignite interest, while negative headlines could trigger a sell-off. The next few weeks will be crucial for determining Bitcoin’s trajectory. 📮 Takeaway Watch Bitcoin’s support levels closely; a failure to maintain recent highs could signal a pullback, especially without strong ETF inflows.

Strategy’s Bitcoin acquisition rate has been significantly down since September, threatening to limit Bitcoin’s price recovery. 🔗 Read Full Article 💡 DMK Insight Bitcoin’s acquisition rate is slowing, and here’s why that’s crucial: A drop in acquisition rates can signal waning interest from institutional investors, which could stifle any potential price recovery. If this trend continues, we might see Bitcoin struggle to break through key resistance levels. Traders should keep an eye on the $30,000 mark; a sustained move below this could trigger further selling pressure. Additionally, the broader market sentiment is shifting, with many traders becoming more cautious as volatility increases. On the flip side, if acquisition rates rebound, it could indicate renewed interest and push Bitcoin back toward its recent highs. Watch for any news or developments that might reignite institutional interest, as this could be a game changer. In the meantime, monitor trading volumes closely; low volumes during price dips can be a warning sign of a lack of conviction among buyers. 📮 Takeaway Keep an eye on Bitcoin’s $30,000 level; a drop below could signal further downside, while a rebound in acquisition rates might spark renewed interest.

Fellow miner IREN also signed a multi-year GPU cloud services contract with Microsoft worth $9.7 billion on Monday. 🔗 Read Full Article 💡 DMK Insight Microsoft’s $9.7 billion GPU cloud services deal with IREN is a game-changer for miners. This contract signals a robust demand for GPU resources, which could lead to increased competition among miners for cloud services. Traders should keep an eye on the implications for GPU prices and availability, as this could affect mining profitability across the board. If IREN’s partnership with Microsoft leads to enhanced mining efficiency, it might set a precedent for other miners to follow suit, potentially driving up operational costs for those who lag behind. Additionally, watch for how this impacts related sectors, like semiconductor stocks, which could see increased volatility as demand for GPUs rises. In the short term, monitor IREN’s stock performance and any announcements from Microsoft that could indicate further partnerships or expansions in cloud services. A breakout above recent highs could signal bullish sentiment in the mining sector, while any pullbacks might present buying opportunities for savvy traders. 📮 Takeaway Watch IREN’s stock closely; a breakout could signal bullish trends in the mining sector, while GPU demand may impact overall mining profitability.

Selling by long-term Bitcoin holders, capitulation by short-term holders and a weakening technical structure could fuel BTC’s price drop to $72K. 🔗 Read Full Article 💡 DMK Insight Bitcoin’s current price of $103,804 is under pressure from long-term holders selling off and short-term capitulation. This shift in sentiment could push BTC down to the $72K mark, a significant drop that traders need to watch closely. The weakening technical structure suggests that if we break below key support levels, we might see a cascade effect, triggering more selling. Look for volume spikes and RSI indicators to gauge momentum. If BTC approaches $72K, it could be a critical level for both buyers and sellers, potentially setting the stage for a rebound or further decline. Keep an eye on market sentiment and news that could influence trading behavior, as institutional players might react differently than retail traders in this scenario. 📮 Takeaway Watch for Bitcoin’s price action around $72K; a break below could trigger further selling, while a bounce might signal a buying opportunity.