No Result
View All Result
  • Login
Tuesday, June 17, 2025
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Cryptocurrency

Bitcoin Whipsaws From $107,000 To $103,000: What Went Wrong?

by theadvisertimes.com
4 weeks ago
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Bitcoin Whipsaws From 7,000 To 3,000: What Went Wrong?
Share on FacebookShare on TwitterShare on LInkedIn


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin surrendered a weekend burst above $107,000 and was last changing hands near $103,200 in European trade, a $4,000 round-trip that unfolded in less than twelve hours. The leading cryptocurrency printed an intraday high of $107,111 during thin Asian hours before liquidity evaporated and spot markets on Binance and Coinbase slid to $102,000.

Bitcoin’s Violent Swing Explained

The volatility landed on the heels of Moody’s decision late Friday to cut the sovereign credit rating of the United States to Aa1, stripping the world’s largest economy of the last triple-A crown it still retained after downgrades by S&P (2011) and Fitch (2023). Moody’s cited an “uninterrupted rise in debt and interest costs” as the main driver. US 30-year Treasury yields poked above 5% for the first time since April, deepening the risk-off tone across equities and high-beta assets.

Treasury Secretary Scott Bessent dismissed the ratings move in a televised interview on Sunday: “Moody’s is a lagging indicator. We didn’t get here in the past 100 days. We inherited a 6.7 percent deficit-to-GDP, the highest ever outside a recession or war. We are determined to bring spending down and grow the economy.”

Macro anxiety, rather than any crypto-specific headline, explains most of the pull-back, yet derivatives positioning amplified the swing. Coinglass data shows more than $665 million worth of leveraged positions were liquidated on the entire crypto market as perpetual funding flipped sharply positive into the spike and then reversed.

Dealers long gamma “seized the opportunity to lock in profits,” Singapore-based QCP Capital wrote in its Monday note, adding that the weekend pop owed much to “Metaplanet’s $104 million BTC purchase, alongside Strategy Inc.’s usual accumulation.” Still, QCP argued that Bitcoin’s ability to rally while equities softened “reinforces BTC’s positioning as a legitimate store of value.”

Flows into the ten US spot-Bitcoin exchange-traded funds underline that narrative. As of 29 April — the latest consolidated figure — the ETFs had drawn a cumulative $38.99 billion of net subscriptions and hold roughly 1.14 million BTC after another $591 million day of inflows, according to Farside Investors data.

Technical traders remain divided on what comes next. Adam Khoo, founder of Piranha Profits, reminded his 450,000 followers on X that previous US downgrades triggered 10% corrections in the S&P 500 but were fully erased within a year. “If the SPX drops another 10 percent this round, it would be another great opportunity for me to load up on high-quality businesses,” he wrote, musing whether markets will “panic a third time or be smarter now.”

For Bitcoin, the picture is less binary. On-chain data show exchange balances at multi-year lows, and options desks report persistent call-side skew — evidence, QCP says, of “structurally bullish” positioning despite the whipsaw. Yet traders eye the $101,000–$100,000 band as first-line support; a decisive break could expose the 50-day exponential moving average near $98,400, while reclaiming $107,000 would reopen January’s record high at $109,114.

Until then, the asset appears content to digest the Moody’s shock — and to let macro traders, not crypto die-hards, set the tempo of the next move.

At press time, BTC traded at $102,605.

Bitcoin price
BTC hovers above the 0.786 Fib, 1-day chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Tags: BitcoinwhipsawsWrong
ShareTweetShare
Previous Post

CFP Board launches expedited bankruptcy, misdemeanor reviews

Next Post

Is Achievable Good for SIE? A Review of Its Effectiveness and Cost

Related Posts

Coinbase plans to offer tokenized equities to rival Robinhood, Charles Schwab

Coinbase plans to offer tokenized equities to rival Robinhood, Charles Schwab

by theadvisertimes.com
June 17, 2025
0

Key Takeaways Coinbase seeks SEC approval to offer tokenized equities, aiming to compete with retail brokers like Robinhood and Charles...

Want to Make Millions Like Trump? Buy These 3 Top Altcoins

Want to Make Millions Like Trump? Buy These 3 Top Altcoins

by theadvisertimes.com
June 17, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In the latest financial disclosure form filed...

SEC and Ripple agree on appeal delay to resolve legal tangle

SEC and Ripple agree on appeal delay to resolve legal tangle

by theadvisertimes.com
June 17, 2025
0

Ripple Labs and the US Securities and Exchange Commission (SEC) have jointly asked the Second Circuit Court to extend the...

Ethereum Price Shows Weakness, Eyes Key Support as Bears Loom

Ethereum Price Shows Weakness, Eyes Key Support as Bears Loom

by theadvisertimes.com
June 16, 2025
0

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed...

Bybit Debuts Hybrid Exchange Byreal on Solana, Targets Q3 Mainnet Launch

Bybit Debuts Hybrid Exchange Byreal on Solana, Targets Q3 Mainnet Launch

by theadvisertimes.com
June 16, 2025
0

Bybit is betting big on hybrid finance with Byreal, its new Solana-powered decentralized exchange (DEX) merging Wall Street-grade liquidity with...

XRP Rises as Canada Approves Spot ETF for Toronto Stock Exchange Listing

XRP Rises as Canada Approves Spot ETF for Toronto Stock Exchange Listing

by theadvisertimes.com
June 16, 2025
0

Purpose Investments has received regulatory approval to launch a spot XRP exchange-traded fund (ETF) in Canada, with trading scheduled to...

Next Post
Is Achievable Good for SIE? A Review of Its Effectiveness and Cost

Is Achievable Good for SIE? A Review of Its Effectiveness and Cost

The CEO trap—why 70% of CHROs depart after a change at the top

The CEO trap—why 70% of CHROs depart after a change at the top

  • Trending
  • Comments
  • Latest
Sir Jack A Lot returns with a startup for retail traders

Sir Jack A Lot returns with a startup for retail traders

June 22, 2024
Finnish medtech AIATELLA raises €2M: Co-founder Jack Parker on using AI for preventative cardiovascular screening and easing radiologist burnout

Finnish medtech AIATELLA raises €2M: Co-founder Jack Parker on using AI for preventative cardiovascular screening and easing radiologist burnout

June 4, 2025
As Harvard’s and Yale’s private equity holdings go on sale, buyers can use this technique for 1,000% windfalls. ‘It makes your brain melt’

As Harvard’s and Yale’s private equity holdings go on sale, buyers can use this technique for 1,000% windfalls. ‘It makes your brain melt’

June 15, 2025
7 Payouts You Can Still Get From Old Lawsuits and Settlements

7 Payouts You Can Still Get From Old Lawsuits and Settlements

June 1, 2025
15 Highest Yielding Utility Stocks | Dividend Yields Up To 6.6%

15 Highest Yielding Utility Stocks | Dividend Yields Up To 6.6%

June 11, 2025
Costco Membership Promotion: Free  Gift Card with Membership Purchase +  in Fetch Rewards!

Costco Membership Promotion: Free $50 Gift Card with Membership Purchase + $10 in Fetch Rewards!

June 7, 2025
5 Steps to Apply for Social Security (and When to Do It)

5 Steps to Apply for Social Security (and When to Do It)

0
The 10 Highest Yielding Dividend Champions | Yields Up To 7.2%

The 10 Highest Yielding Dividend Champions | Yields Up To 7.2%

0
Episode 213. “We have a M trust

Episode 213. “We have a $1M trust

0
Sonol warns on fuel supply disruptions

Sonol warns on fuel supply disruptions

0
Ending Subsidies to Amtrak Will Benefit Rail Travelers

Ending Subsidies to Amtrak Will Benefit Rail Travelers

0
Unlock scaling growth at TC All Stage, and get 0 off for 6 more days

Unlock scaling growth at TC All Stage, and get $210 off for 6 more days

0
5 Steps to Apply for Social Security (and When to Do It)

5 Steps to Apply for Social Security (and When to Do It)

June 17, 2025
How switching broker-dealers led to a tech rethink: Show Me Your Stack

How switching broker-dealers led to a tech rethink: Show Me Your Stack

June 17, 2025
Unlock scaling growth at TC All Stage, and get 0 off for 6 more days

Unlock scaling growth at TC All Stage, and get $210 off for 6 more days

June 17, 2025
G7 leaders try to salvage their summit after Trump’s early exit effectively makes it the ‘G6’

G7 leaders try to salvage their summit after Trump’s early exit effectively makes it the ‘G6’

June 17, 2025
Ending Subsidies to Amtrak Will Benefit Rail Travelers

Ending Subsidies to Amtrak Will Benefit Rail Travelers

June 17, 2025
Louisiana’s plan to pay college athletes more money? Tax the sports-betting apps

Louisiana’s plan to pay college athletes more money? Tax the sports-betting apps

June 17, 2025
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • 5 Steps to Apply for Social Security (and When to Do It)
  • How switching broker-dealers led to a tech rethink: Show Me Your Stack
  • Unlock scaling growth at TC All Stage, and get $210 off for 6 more days
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.