Monday, June 23, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Bitcoin

Bitcoin at $88K: Standard Chartered warns of a 10% slide – Too soon to buy?

n70products by n70products
February 26, 2025
in Bitcoin
0
Bitcoin at $88K: Standard Chartered warns of a 10% slide – Too soon to buy?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


  • Customary Chartered analysts recommend BTC may see an additional worth fall from its present stage at $88,000.
  • Market evaluation reveals investor sentiment is nicely aligned to promote the asset.

Bitcoin [BTC] has struggled prior to now month with a constant decline. Previously 24 hours, it has traded under the $90,000 threshold, which it held for a number of months, with its general month-to-month efficiency down 9.67%.

Present sentiment suggests there’s a risk for the asset to slip additional and presumably check the $80,000 stage as market strain mounts.

Analyst predicts a ten% slide

In line with Customary Chartered analyst Geoff Kendrick, Bitcoin remains to be on edge and will see an extra 10% loss, which may take the asset to the decrease $80,000 area within the close to time period.

Kendrick’s evaluation suggests {that a} drop in U.S. Treasury yields, mixed with Bitcoin buying and selling on the lower cost threshold, may affect a worth rebound.

Till then, he suggests buyers must be cautious when buying and selling Bitcoin, significantly as outflows from institutional buyers have surged, indicating promoting strain from this cohort.

Along with his evaluation, he warns that Solana [SOL] memecoins performed a job within the worth decline.

AMBCrypto carried out additional evaluation to look at investor habits out there and located combined sentiment.

Conventional buyers have turned bearish

The Fund Market Premium, which measures the distinction between the online asset worth (NAV) of a fund’s holdings and its market worth on a scale above 1 and under 0, reveals an ongoing bullish sentiment.

This metric had a studying of 1.8 at press time, suggesting excessive shopping for exercise because it trades above its NAV, getting into the constructive premium. This indicated {that a} phase of buyers out there had been shopping for the asset.

A0324678 0975 45F9 87EC 694FAF25B908A0324678 0975 45F9 87EC 694FAF25B908

Supply: CryptoQuant

Whereas a phase of the market stays bullish, one other has stayed on the bearish finish.

In line with the Binary Coin Day Destroyed (CDD), which tracks BTC motion amongst long-term buyers to find out shopping for or promoting tendencies, bearish sentiment is obvious.

When the Binary CDD has a studying of 1—which is at the moment the case with Bitcoin—it means that long-term buyers have moved their Bitcoin, presumably for promoting, as has traditionally been the case.

Given the present position of institutional buyers in Bitcoin and Geoff Kendrick’s market prediction, AMBCrypto analyzed sentiment amongst institutional Bitcoin buyers.

Bitcoin Spot ETF data largest outflow but

In line with Coinglass knowledge, Bitcoin Spot ETFs (Trade-Traded Funds) recorded their largest single-day outflow but, with $937.90 million price of BTC offered by institutional buyers.

8864F0C6 5C0D 48F8 9839 2CF2DF295ACC8864F0C6 5C0D 48F8 9839 2CF2DF295ACC

Supply: Coinglass

When there’s a significant adverse internet stream like this, it alerts decreased confidence out there, which may have been influenced by a number of elements, together with BTC buying and selling under $90,000 and additional dipping into the short-term holders’ value foundation.

With combined sentiment, shopping for BTC stays unsure. It’s necessary to trace BTC actions out and in of institutional spot holdings, in addition to different market fundamentals.

Subsequent: Why Maker [MKR] can rally 126% as bullish momentum builds



Source link

Tags: 88KBitcoinbuyCharteredSlideStandardWarns
Previous Post

SEC Commissioner Hester Peirce Asks Public for Its Opinions on Key Aspects of Crypto Clarity

Next Post

Rout wipes $800bn from crypto market as bitcoin slump deepens

Next Post
Rout wipes $800bn from crypto market as bitcoin slump deepens

Rout wipes $800bn from crypto market as bitcoin slump deepens

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Fractal Suggests Major Breakout In Q4

Fractal Suggests Major Breakout In Q4

September 22, 2024
Trump victory tipped to break logjam of exotic US crypto ETF filings

Trump victory tipped to break logjam of exotic US crypto ETF filings

November 15, 2024
Former CEO Sentenced to Two Years Behind Bars for ‘Cherry-Picking’ Scheme Involving Crypto Futures Contracts

Alleged $300,000,000 Crypto Ponzi Scheme in Texas Targeted by SEC As 17 Individuals Face Charges

March 18, 2024
Validated, staking on eth2: #2 – Two ghosts in a trench coat

Validated, staking on eth2: #2 – Two ghosts in a trench coat

October 28, 2024
$14,000,000 Handout To Bank of America Customers Incoming After Lender Accused of Intentional Charging Hidden Fees, Violating Account Agreements

$14,000,000 Handout To Bank of America Customers Incoming After Lender Accused of Intentional Charging Hidden Fees, Violating Account Agreements

September 23, 2024
Dogecoin Open interest Remains Muted Below $500 Million, What’s Going On?

Dogecoin Open interest Remains Muted Below $500 Million, What’s Going On?

September 20, 2024

Recent Posts

  • City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams
  • Dogecoin (DOGE) Eyes Upside After Crash, Yet Resistance Levels Cap Momentum
  • Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams

City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams

June 23, 2025
Dogecoin (DOGE) at Risk — Can Support Hold This Time?

Dogecoin (DOGE) Eyes Upside After Crash, Yet Resistance Levels Cap Momentum

June 23, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version