Analysts forecast $200K+ Bitcoin price after BTCs bullish momentum returns
Bitcoins decisive move above $65,000 and miners' return to deep profitability could lead to BTC hitting $220,000.
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Bitcoins decisive move above $65,000 and miners' return to deep profitability could lead to BTC hitting $220,000.
A new report from Glassnode has revealed that the Bitcoin short-term holders took part in the largest loss-taking event since 2022 in the recent crash. Bitcoin Short-Term Holders Have Realized Huge Losses Recently According to the latest weekly report from Glassnode, less than 1% of trading days in the cryptocurrency’s history have seen the short-term holders taking higher losses than during the latest event. The “short-term holders” (STHs) here refer to the Bitcoin investors who bought their coins within the past 155 days. This cohort makes up one of the two main market divisions based on holding time, with the other group being called the “long-term holders” (LTHs). Statistically, the longer an investor holds onto their coins, the less likely they become to sell them at any point. As such, the LTHs reflect the stubborn side of the market, which can weather through crashes and rallies, while the STHs include the weak hands that easily react to FUD or FOMO. Related Reading: Chainlink Traders Capitulate After 10% Plunge: Bottom Here? Given this fact, it’s not unexpected that this latter cohort has again shown a strong reaction to the recent volatility in the Bitcoin price. And since it’s been a crash, the STHs have been panic selling at a loss. The below chart shows the trend in the Bitcoin Realized Loss specifically for the STHs over the past few years: The Realized Loss here is an indicator that keeps track of the total loss the STHs realize through their selling. Also, note that the metric is “entity-adjusted,” meaning that the metric includes the data for entities instead of addresses. An entity refers to a cluster of addresses that Glassnode has determined to belong to the same investor through its analysis. Transactions made between the wallets of the same investor would naturally not correspond to any real “loss-taking,” so excluding them from the data makes sense. As is visible in the graph, the Bitcoin STH Realized Loss registered a spike during the latest market downturn, implying that these investors made large transactions at a loss. At the height of this capitulation event, the indicator’s value hit $595 million, the largest loss-taking the cohort has shown since the FTX collapse that led to the bottom of the 2022 bear market. Related Reading: Bitcoin Now Forming Pattern That Last Led To It Blasting Off “Furthermore, only 52 out of 5655 trading days (< 1%) have recorded a larger daily loss value, highlighting the severity of this correction in dollar terms,” reads the report. From the chart, it would appear that large spikes in the metric have come around at least local bottoms in the price, so this loss-taking event may have also formed another bottom for Bitcoin. BTC Price At the time of writing, Bitcoin is trading at around $58,800, up 3% over the past week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
On-chain data shows that Chainlink investors have been realizing significant losses recently, a sign that the price plunge has put fear into their minds. Chainlink FUD Could Lead Towards Bottom Formation According to data from the on-chain analytics firm Santiment, LINK investors have just shown their largest capitulation event of the year. The indicator of relevance here is the “Network Realized Profit/Loss,” which keeps track of the net amount of profit or loss that Chainlink traders are realizing right now. The metric works by going through the blockchain history of each coin sold to see what price it was moved at before this. If this previous price for any coin was less than the spot price it’s being transferred at now, then the coin’s sale is realizing some profit. Related Reading: Bitcoin Now Forming Pattern That Last Led To It Blasting Off Similarly, transactions of coins of the opposite type would lead to loss realization instead. The indicator adds up these profits and losses for the entire network and then calculates their difference to find the net situation. When the value of the Network Realized Profit/Loss is positive, it means the investors as a whole are realizing profits. On the other hand, the negative metric suggests that loss-taking is the dominant form of selling in the market. Now, here is a chart that shows the trend in the Chainlink Network Realized Profit/Loss over the past few months: As is visible in the above graph, the Chainlink Network Realized Profit/Loss has seen a negative spike recently, suggesting that LINK investors have realized some large losses. This significant loss-taking spree from the LINK traders has come as the cryptocurrency’s price has gone through a significant drawdown over the past few weeks. The coin is down almost 10% in the last seven days alone. Given this timing, it would appear that these investors have been scared by the bearish price action so much that they have decided to exit the market at a loss. In the same chart, the analytics firm has also attached the data for another metric, the Age Consumed, which keeps track of whether dormant coins are moving. Related Reading: Solana Mirroring 2021 Bullish Pattern, Crypto Analyst Reveals It would seem like this indicator also spiked alongside the loss-taking from the investors, implying that even some holders previously sitting tight have been shaken out by the price plunge. This FUD in the market can benefit Chainlink, as historically, the asset has been more likely to bottom out when fear is ripe among the investors. As Santiment highlighted in the graph, a red spike in the indicator also proved bullish for LINK in April. LINK Price Chainlink is trading around $12.8 when writing, down around 3% over the last 24 hours. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Despite the drop in hashrate, Bitcoin miner selling isnt correlated with the BTC price drop from $71,100 to $66,000.
On-chain data shows the Bitcoin Hash Ribbons have recently gone through a crossover. Here’s what it could mean for the cryptocurrency. Bitcoin Hash Ribbons Suggest Miner Capitulation Is On As explained by CryptoQuant community manager Maartunn in a Quicktake post, miners are capitulating right now if the Hash Ribbons indicator is to be believed. This on-chain metric is generally used to determine whether miners are in distress. BTC runs on a proof-of-work (PoW) consensus mechanism where miners play the role of validators and compete against each other using computing power to get a chance to add the next block to the chain. This computing power, when measured across the network, can provide insight into the health of the miners as a whole. Due to this reason, the Hash Ribbons indicator makes use of this total Bitcoin “Hashrate” to judge the situation of the miners. Related Reading: Bitcoin Price Linked To Binance Vs Coinbase Battle, Quant Reveals Naturally, a rise in the Hashrate suggests the network is attracting miners right now, while a decline could imply low profitability is making some of these validators pull out from BTC. The Hash Ribbons indicator uses two moving averages (MA) of the Hashrate, 30-day and 60-day, to represent whether these behaviors are particularly intense or not at the moment. When the 30-day ribbon moves under the 60-day one, it suggests that miners are mass capitulating. On the other hand, the opposite cross suggests network is observing growth again. Now, what relevance do these trends have for Bitcoin? According to Charles Edwards, the creator of the Hash Ribbons, the miners have historically been quite resilient, and they only quit when things get especially bad for the cryptocurrency. As such, the market may be more likely to approach a bottom whenever these chain validators show capitulation. Below is a chart that shows how the miners’ behaviour has looked recently according to this indicator: As Maartunn has highlighted in the graph, the Bitcoin Hash Ribbons have seen a crossover recently. More specifically, the cross has involved the 30-day moving under the 60-day, implying that the miners are capitulating. Miner profits come down to three factors: BTC spot price, transaction fees, and electricity costs in the area that they are located in. Historically, the fees has been quite low in comparison to the block rewards, so miner financials have been dependent on the price (as the block rewards only have this variable attached to them) and electricity prices. Recently, the BTC price has been stuck in consolidation while the block rewards have been slashed in half in the latest Halving event. This has led to tightening revenues for these chain validators, so it’s not surprising to see that the miners with the least efficient machines have already started ditching the network in hordes. Related Reading: Newbie Bitcoin Whales Buying 200,000 BTC Per Week, Data Shows In the chart, past instances of miner capitulation are shown with the green lines. It’s visible that while miner capitulation has generally indeed occurred near profitable buying points into the asset, these bottoms haven’t immediately appeared after the crossovers have occurred. As the analyst notes, “It unfolds in the subsequent days and weeks after less efficient miners throw in the towel.” BTC Price Bitcoin has continued to move overall flat over the past week as its price is still trading around $62,700. Featured image from Vasilis Chatzopoulos on Unsplash.com, CryptoQuant.com, chart from TradingView.com
Ethereum has extended its downtrend, setting fresh lows around $1,400 a level not seen since early 2023. The continuation of selling pressure has shaken market sentiment, with many investors fearing that the worst is still ahead. Ethereum, down over 65% from its 2024 highs, has failed to find a solid support level amid broad market weakness and growing macroeconomic uncertainty. Related Reading: Ethereum Lags Behind Bitcoin In Q1 Performance Amid Market Downturn Details Despite the bearish outlook, some analysts believe a turning point may be near. According to top analyst Ted Pillows, Ethereum is now deep in a capitulation phase. He suggests that while there may still be one final 5%10% dump left in the tank particularly given the recent weakness in equities the broader market structure may be setting the stage for a rebound. Pillows points to a potential Federal Reserve pivot as a key catalyst. With traditional markets under pressure and volatility rising, a shift in monetary policy could bring relief. Historically, changes in the Feds stance have provided a strong boost to risk assets. If support from policymakers emerges, Ethereum could stabilize and begin recovering from its recent lows but not before weathering one last wave of fear and uncertainty. Ethereum Capitulation Deepens, But Fed Pivot Could Spark Rebound Ethereum is trading at $1,450 after suffering a sharp 20% decline in just hours, marking one of its steepest drops this year. The panic-driven selloff has shaken investor confidence, with fear now dominating the market. Ethereum, once expected to lead the altcoin rally in 2025, has failed to deliver on those expectations. Instead, it continues to disappoint as bearish momentum builds and selling pressure intensifies. Wider market conditions are adding to the pain. Trade war tensions, policy uncertainty from the US President Donald Trump administration, and mounting fears of a global recession are dragging both equities and crypto lower. With the S&P 500 already down sharply, the fear of a broader financial contagion is rising. Pillows’ analysis supports that Ethereums current plunge reflects a full-blown capitulation. However, he suggests that the market could be nearing a turning point. Maybe theres one last dump left, but after that, itll bounce, Pillows said. The key reason? A likely pivot from the Federal Reserve. Pillows points to a potential Federal Reserve pivot as the catalyst. With the S&P 500 down over 10% in just two days and volatility rising, any further drop could force an emergency Fed response. Historically, rate cuts and renewed quantitative easing (QE) have been bullish for risk assets like Ethereum. If a pivot arrives, Ethereum could quickly bounce from current levels but only after one final shakeout. Related Reading: Solana Faces Defining Level At $120 Will History Repeat? Ethereum Slides To $1,410 As Bears Maintain Control Ethereum has plunged to $1,410 after losing the crucial $1,800 support level, triggering a wave of aggressive selling and panic across the market. With no clear support zone immediately below current levels, bearish momentum appears firmly in control as ETH struggles to find footing. The breakdown below $1,800 marked a major technical failure, erasing confidence among traders and accelerating downside pressure. For now, the path of least resistance remains to the downside. If sentiment doesnt stabilize soon, Ethereum could continue sliding into lower demand zones, possibly retesting levels not seen since early 2022. The lack of a defined support structure beneath current prices leaves ETH exposed to more volatility in the near term. Related Reading: Dogecoin Faces Make-Or-Break Support Level Will DOGE Hold? However, hope remains for a recovery but it hinges on a swift reclaim of the $1,800 level. A strong bounce back above this mark could signal that capitulation is complete and invite renewed buying interest from sidelined investors. Until then, Ethereum remains vulnerable, and any upside attempts will likely face resistance unless backed by broader market strength or a decisive macro shift. Bulls have a narrow window to flip the momentum before deeper losses set in. Featured image from Dall-E, chart from TradingView
Ethereum saw a dramatic turnaround this week, bouncing over 21% from its recent low of $1,380 in just hours. The sharp recovery came in response to an unexpected shift in macroeconomic policy: US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countriesexcept China, which now faces a steep 125% tariff. The news sent a ripple through global markets, sparking a short-term rally in risk assets, including crypto. Related Reading: XRP Network Activity Hits All-Time High Despite Market Volatility Bullish Signal? Ethereum, which had been under heavy selling pressure for weeks, appears to have found temporary relief. According to Glassnode data, long-term Ethereum holders are starting to fold, offloading positions at a loss after months of decline. Historically, these moments of long-term holder capitulation have often marked bottoming phases and preceded meaningful rebounds. While short-term volatility remains elevated, some analysts view this setup as a potential opportunity zone, especially for contrarian investors looking to accumulate during peak fear. The market now watches to see if ETH can hold its gains or if broader uncertainty will drag prices back down. One thing is clear: the next few days could be pivotal for Ethereums trend heading into the second half of 2025. Ethereum Finds Relief Amid Chaos, But Market Remains On Edge Ethereum is now at a pivotal crossroads after enduring weeks of relentless selling pressure and uncertainty. The recent surge from sub-$1,400 levels has offered a glimmer of hope, as bulls begin to push back against the downtrend. This bounce follows aggressive volatility not just in crypto but across global equities, with price action rocked by continued geopolitical unrest and macroeconomic instability. US President Donald Trumps unpredictable stance on tariffs remains a wildcard, keeping global markets on edge. Since peaking in late December, Ethereum has shed over 60% of its value, triggering growing concern that a full-scale bear market may be unfolding. Many investors have already exited positions, while others remain sidelined waiting for clarity. Still, some see opportunity. According to top analyst Ali Martinez, long-term Ethereum holders have now entered whats commonly referred to as capitulation modea stage when even the most patient investors begin to fold under pressure. Martinez believes this could present a rare window for contrarian buyers. For those watching risk-reward dynamics, this phase has historically marked prime accumulation zones, he shared on X. While Ethereum’s path forward is still uncertain, current sentiment suggests that a critical test is underwayone that could determine whether this recovery has legs, or if further pain lies ahead. Related Reading: Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours Risk-Off Or Panic Selling? Bulls Look To Confirm Recovery With Key Breakout Ethereum is showing signs of short-term strength as it forms an Adam & Eve bullish reversal pattern on the 4-hour chart. This classic technical formation, which starts with a sharp V-shaped low followed by a rounded bottom, often signals a potential breakout if price action holds and follows through. For Ethereum, reclaiming the $1,820 level is the first step to confirm this bullish structure. If bulls can push ETH above this level with conviction, the next key challenge lies at the 4-hour 200 moving average (MA) and exponential moving average (EMA), both of which converge around the $1,900 mark. A decisive breakout through this zone would validate the recovery setup and could kickstart a more sustained move higher. Related Reading: Oversold Altcoins Like Solana Flash Bullish Divergences Are Relief Bounces Coming? However, failure to reclaim the $1,800 level in the coming days may keep ETH stuck in a consolidation range. If rejected, price could remain rangebound between current levels and the lower support area near $1,300, where ETH recently bounced. For now, all eyes are on how price reacts to the resistance levels ahead, as bulls aim to regain control and shift the short-term momentum in their favor. Featured image from Dall-E, chart from TradingView
On-chain data shows that Bitcoin short-term holders have panic sold $2.6 billion worth of coins in the crash following the new all-time high. Bitcoin Short-Term Holders Have Sent Huge Volume In Loss To Exchanges As analyst James V. Straten explained in a new post on X, Bitcoin short-term holders have shown signs of capitulation during the latest drop in the cryptocurrency’s price. The “short-term holders” (STHs) refer to the BTC investors who bought their coins within the past 155 days. The STHs make up one of the two main divisions of the market, the other one being the “long-term holders” (LTHs). Related Reading: Solana Open Interest Plunges 20%: What It Means For Price Statistically, the longer an investor holds onto their coins, the less likely they are to sell at any point. This means that the STHs, who are relatively new hands, generally sell quickly whenever an asset crash or rally occurs. The LTHs, on the other hand, usually show resilience, only selling at specific points. One way to track whether either of these groups is selling is through the transfer volume they are sending to exchanges. First, here is a chart that shows the trend in the Bitcoin exchange inflow volume precisely for the STHs in loss: The value of the metric appears to have shot up in recent days | Source: @jvs_btc on X As displayed in the above graph, the Bitcoin STHs have transferred around $2.6 billion worth of coins in loss to exchanges in the past day, implying that some members of this cohort have capitulated. This spike is huge, but it’s less than the loss-taking event that took place back during the price drawdown that followed the BTC spot exchange-traded fund (ETF) approval. These loss sellers would be those who FOMO’d into the rally that took BTC to a new all-time high beyond the $69,000 level, but their conviction wasn’t strong enough that they were able to hold past the sharp crash that BTC observed shortly after. The STHs aren’t the only ones who have exited the market in this latest price volatility; it would appear that the LTHs have also done some selling. The difference, however, is that these HODLers have made profits. The chart below shows how the exchange transfer volume for the LTHs in profit has looked like recently. Looks like the value of the metric has registered a sharp spike recently | Source: jvs_btc on X The graph shows that the Bitcoin LTHs have participated in their largest profit-taking event since July 2021, transferring tokens worth $1.5 billion to exchanges. Related Reading: Bitcoin Sets New All-Time High Above $69,000 As Institutionals Show FOMO Thus, it would appear that this recent volatility has shaken up the conviction of even some of the diamond hands, although these HODLers have at least still been rewarded with profits. BTC Price At the time of writing, Bitcoin is trading around the $65,800 mark, up 8% in the past week. BTC has gone through a rollercoaster in the past couple of days | Source: BTCUSD on TradingView Featured image from cdd20 on Unsplash.com, Glassnode.com, chart from TradingView.com
The price of Ether has dropped below the $1.9k mark, entering a robust demand zone as analysts speculate on potential capitulation. This significant movement in the cryptocurrency market has sparked both concern and opportunity among investors. The drop in Ether’s value comes amidst a broader market downturn, with many major cryptocurrencies experiencing similar declines. Analysts [...]
The post Ether Price Predicted to Drop Below $1.9k as Analysts Monitor Market Sentiment for Potential Capitulation appeared first on Crypto Breaking News.
On-chain data shows that XRP traders have been selling at a loss recently, unlike investors of the other top assets. Here’s why this can be bullish for the coin. XRP Loss Transactions Have Outweighed Profit Ones Recently According to data from the on-chain analytics firm Santiment, XRP has differed from the rest of the top [...]
The post XRP Traders Show Capitulation, Why This Could Be Bullish appeared first on Crypto Breaking News.
Miners are still facing the worst of the crypto market’s turmoil, with profits down by 80% from top levels.
The post Bitcoin records the largest miner outflow to wallets in 2 years appeared first on CryptoSlate.
The Hash Ribbon, an indicator for determining miner capitulation based on when the market reaches a bottom, ended on August 18 after 2 months of dwindling miner participation.
The post Bitcoin records biggest negative hash rate adjustment in a year appeared first on CryptoSlate.
Between sunken BTC prices, the dropping value of mining rigs, rising electricity costs, and a soaring hashrate, Bitcoin mining operations are facing difficult market conditions. Tough Times for Bitcoin Miners...
Bitcoin’s price has been glued to the low $20,000 levels for a while now, showing little or no sign of any major upward movement in the near future.
The post Research: The market is ripe with signs of capitulation, but Bitcoin is holding its ground appeared first on CryptoSlate.
Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history.
Bears are waiting for the “inevitable” capitulation before starting the next crypto bull run. But what if the dip never comes? Covered: Is It Hibernation Time For The Bears? Crypto Capo Lengthen Your Time Preference hear me out for a sec, what if, no pullback — Ansem ?? (@blknoiz06) March 29, 2022 Bitcoin and the […]
The post Are You Prepared For The Longest Crypto Bull Run In History? appeared first on CryptosRus.
Crypto analyst CryptoCon has provided valuable insights into the Bitcoin price action in this cycle. Based on his analysis, the next thirty days could be a game-changer, with BTC set to witness a significant move to the upside. Why The Next 30 Days Could Be A Game Changer As The Bitcoin Price Makes its Move In an X post, CryptoCon predicted that the Bitcoin price could rally to as high as $160,000 in the next thirty days. This would be a game-changer for the market, especially considering the bearish sentiment in the crypto market at the moment. The analyst noted that Bitcoin has spent about 583 days ranging in this cycle. Related Reading: Bitcoin Price Forms Double Bottom After Crash, Is A Bounce To $112,000 ATH Possible? On the other hand, the analyst remarked that the Bitcoin price has spent just 175 days, making meaningful price action to the upside. In line with this, he alluded to how patience is key, considering how Bitcoin ranges for most of the cycle. However, CryptoCon is convinced that the next 30-day sprint of great price action that the market is about to witness is worth the wait. The analysts accompanying chart showed that the Bitcoin price could record up to 37 days of expansion on this next leg up. The chart also showed that the flagship crypto could rally to as high as $160,000 in March following this upward trend. This is bullish for the broader crypto market as altcoins are also expected to rally as BTC moves to the upside. Before now, CryptoCon had already assured that the bull cycle wasnt over despite the crypto market facing the largest liquidation event in this cycle, with over $2 billion wiped out from the market. BTCs Trend Remains Uncertain For Now While the Bitcoin price could rally to $160,000 in the next thirty days, crypto analyst Ali Martinez has stated that BTCs trend direction in the short term remains uncertain. He noted that the flagship crypto is consolidating between $90,900 and $108,500. The analyst added that the trend remains uncertain until there is a clear breakout beyond this range. Related Reading: Bitcoin Open Interest Crashes By $4.5 Billion In One Weekend, Spells Doom For Bulls However, crypto analyst Kevin Capital suggested that the Bitcoin price could soon record a massive bounce to as high as $111,000, marking a new all-time high (ATH) for the flagship crypto. He noted that all the major liquidity on the monthly heatmap is to the upside towards this $111,000 price level. The analyst added that this cannot be ignored, especially after a massive capitulation. He further remarked that he would be shocked if BTC didnt grab this liquidity and head lower. At the time of writing, the Bitcoin price is trading at around $97,800, down over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Bitcoin (BTC) price lost steam after a failed rupture of the $27,500 resistance on May 15, putting bears in a better position for the May 19 expiry. The regulatory newsflow likely played a key role in trimming investors’ risk appetite as governments seek more control over the sector. In a memo circulated among committee members, [...]
The post Bitcoin price capitulation below $26K increases as Friday’s BTC options expiry looms appeared first on Crypto Breaking News.
On-chain data shows that Bitcoin investors aren’t participating in any significant amounts of loss selling right now. Here’s what it may mean. Bitcoin Entity-Adjusted Realized Loss Has Remained Low Recently According to data from the on-chain analytics firm Glassnode, coins transacted recently were mostly acquired close to the current spot price. The relevant indicator here [...]
The post Bitcoin Holders Show No Panic Loss Selling, What Does It Mean? appeared first on Crypto Breaking News.
On-chain data shows that Bitcoin short-term holders are depositing 0.82% of their supply to exchanges. Here’s how these inflows compare with past crashes. Bitcoin Short-Term Holder Inflows Have Been Elevated Recently The BTC market can be divided into two broad investor groups, one of which is the “short-term holder (STHs) cohort.” The STHs are investors [...]
The post Here’s How Current Bitcoin Capitulation Compares With Past Crashes appeared first on Crypto Breaking News.
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