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Bitcoin Dips to $90K: Routine Profit-Taking or Bullish Rebound?

Bitcoin's dip to $90,000 sparked $4B in liquidations, but strong trader confidence signals bullish momentum.

• Main Points:

  • Sharp Drop: Bitcoin fell $12,396 intraday, reaching a low of $91,463 on Dec. 5.

  • Strong Rebound: Prices rebounded $5,160 in 15 minutes, stabilizing above $96,500.

  • Bullish Sentiment: Margin, futures, and options data show resilient market confidence.

  • Profit-Taking Phase: Analysts view the dip as routine after BTC's 53% rally.

• Detailed Insights:

  • Margin Market Strength: OKX long-to-short ratio holds at 20x, signaling bullish bets.

  • Futures Sentiment: Binance long-to-short ratio at 1.65; OKX rises to 1.37.

  • Options Confidence: Delta skew at -8% shows optimism, with cheaper put options.

  • Historical Context: The dip followed Bitcoin’s surge to $103,500, up 53% since Nov. 5.

Related: Bitcoin Drops to $93K, Wiping Out $303M in Longs in Minutes

With robust derivatives data and steady demand, traders remain confident despite short-term volatility.

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Ethereum's Impulse Breakout: Path to $15K by 2025?

Ethereum breaks $4,000 resistance, with analysts predicting a $15,000 target by mid-2025.

• Main Points:

  • Price Surge: Ethereum rose 28% since Nov. 18, maintaining an uptrend at $4,000.

  • Bullish Patterns: Analysts point to a “paradigm shift” and golden cross signaling further gains.

  • ETF Momentum: Spot Ether ETFs see record inflows, fueling institutional interest.

  • DeFi Growth: Ethereum’s total value locked (TVL) hit a yearly high of $77B.

• Detailed Insights:

  • Bullish Projections: Analysts forecast $15,937 ETH by May 2025, supported by a three-year ascending triangle pattern.

  • Key Levels: A weekly close above $3,800 strengthens chances to retest the $4,878 all-time high.

  • ETF Inflows: BlackRock’s Ethereum Trust leads with $500M in weekly inflows, total $2.6B.

  • DeFi Strength: TVL on Ethereum surged to $77B, reflecting network utility and demand.

Related: Donald Trump Congratulates Bitcoiners on $100K Milestone

With growing ETF traction and bullish technical patterns, Ethereum's path to $15K aligns with market optimism.

Samson Mow Reveals Catalyst for Bitcoin’s $1M ‘Omega Candle’

Bitcoin proponent Samson Mow predicts that a gamma squeeze on MicroStrategy’s stock could trigger Bitcoin’s first $1M "Omega Candle."

• Main Points:

  • Omega Candle Defined: A massive single-day BTC price surge forming a prominent green chart candle.

  • MicroStrategy’s Role: Mow anticipates a gamma squeeze on MSTR shares driving BTC’s explosive growth.

  • Bitcoin Growth: Mow maintains his belief in Bitcoin’s long-term trajectory to $1M and beyond.

• Detailed Insights:

  • Gamma Squeeze Dynamics: Heavy call options on MSTR could force market makers to buy shares, boosting its price and indirectly pushing Bitcoin higher.

  • MicroStrategy’s BTC Strategy: The firm continues to expand its Bitcoin holdings, solidifying its market influence.

  • Bitcoin-Dollar Parity: Mow envisions a future where Bitcoin reaches dollar parity, with sats replacing traditional currency in economic transactions.

Related: XRP Bulls Face Risk as Bitcoin Dominance Rises

Mow’s vision underscores the potential of institutional actions like MicroStrategy's in shaping Bitcoin’s path to historic highs.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results