Bitcoin at ‘perfect’ macro setup, but dip below $58K risks $500M in liquidations
Bitcoin could gain significant traction from the growing M2 money supply, but a correction below $58,000 is still on the table before more upside.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin could gain significant traction from the growing M2 money supply, but a correction below $58,000 is still on the table before more upside.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Worldcoin (WLD) Price Prediction: Ascending Triangle Signals Potential $0.40 Breakout Amid Grayscale ETF Filing and Supply Cuts
The improving setup comes as several fundamental developments have changed the backdrop for WLD. Grayscale has filed with the U.S....
Grayscale: ETH, SOL Supply Growth Could Fall Below Gold by 2031
Grayscale projects Ethereum’s annual supply inflation could shrink to roughly 0.4% and Solana’s to 1.1% by 2031 if two pending net...
Forced liquidations begin in 30 days for business crypto accounts missing new verification rules on Bybit
Bybit has given some Brazilian business users until Aug. 21 to complete additional verification. Accounts that miss a requested up...
BTC Reclaims $64K as Short Sellers Lose $57.4M in Liquidations
Bitcoin rebounded from an intraday low of $62,653 to cross $64,000, securing a nearly 2% daily gain and pushing its market cap pas...
Ethereum (ETH) Price Prediction: ETH Volatility Compression Builds as Bulls Target $2,500 Recovery
Ethereum price has remained stuck in a tight trading range as volatility continues to fade, leaving traders waiting for the next m...
Record user activity and a collapse in whale selling should send XRP soaring, so why is it still pinned at $1?
XRP is back near $1 even as network activity rebounds, whale deposits to Binance collapse, and derivatives exposure builds near re...