Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC Bitcoin is currently facing many unfavorable factors, but its performance may still exceed expectations.
Currently, Bitcoin\'s situation is not optimistic, but we will discuss it in depth later. In the introduction, we just want to point out that, at least for now, BTC\'s actual performance may be better than expected. However, the recent blockage at the $64,000 mark may signal more trouble in the future. Here are the new bearish targets set by Ali Martinez and Ted Pillows.
The bottom has not yet arrived
Imagine-just today, Iran and the United States launched a new round of attacks on each other, and the war escalated again;Strategy (formerly MicroStrategy) sold more than 3,500 BTC; recent reports showed that major miners showed signs of surrender; artificial intelligence continued to withdraw funds from the cryptocurrency market; Bitcoin ETF flowed out of more than US$8 billion in two months; and the Federal Reserve seemed to have no intention of cutting interest rates in the short term. Despite this, the Bitcoin price remains above $60,000.
Although Bitcoin has withstood these macro pressures to a certain extent, it has now encountered a technical blow. First, well-known analyst Ted Pillows put forward the view that the bottom of Bitcoin has not yet arrived. Based on historical trend analysis, he drew a chart, pointing out that the asset may fall below $50,000 or even hit $45,000 before it finally bottoms out.
Ali Martinez expressed his views on Bitcoin\'s obstruction at US$64,000. He believes that blocking at the top of this channel could trigger a deeper correction in the short term, with prices likely falling below $60,000 or even hitting a multi-year low of $56,550.
Bitcoin encounters resistance at the top of the channel, which could trigger a price retreat to around $59,700, with the next downside target of $56,550.
On the positive side
Another analyst named CW talked on Platform X about the \"kimchi premium\"-the difference between the price of Bitcoin on the Korean exchange and the rest of the world. This indicator reflects South Korea\'s current demand. The premium had previously been at-2% for a long time, setting the longest negative record in nearly five years.
However, according to CW data, the premium has rebounded to-0.835%, which means South Korea\'s demand for Bitcoin is picking up. This is seen as one of the key indicators that could signal a trend reversal, especially if it turns positive quickly.
Bitcoin Kimchi Premium Strategy Indicator shows a positive trend. The kimchi premium has dropped from-2% to-0.835%. The longest period of negative premium in nearly five years is still maintained, but the end of the bear market trend is approaching.
