#profit-taking

[rwatimes]

Bitcoin price drops as U.S.-Iran breakthrough sparks profit-taking

Bitcoin price drops toward key support as U.S.-Iran developments trigger profit-taking, ETF outflows persist, and traders watch the $62K level.

➤ Bitcoin's price declined towards a key support level of $62,000 due to profit-taking triggered by easing U.S.-Iran tensions and a broader risk-off sentiment across markets. ➤ Persistent outflows from spot Bitcoin ETFs and concerns about corporate treasury strategies continue to dampen institutional demand, while the Federal Reserve's hawkish stance adds further pressure. ➤ Technical analysis indicates Bitcoin is testing crucial support, with a breakdown below $62,000 potentially leading to further declines towards the June low of $59,200.

[rwatimes]

Saylor’s ‘buy more BTC than you sell’ tweet lands – Bitcoin falls below $80K

Bitcoin breaks below $80k as Saylor’s tweet and ETF outflows trigger profit-taking, raising concerns over $17 billion in long positions.

➤ Bitcoin has fallen below $80,000, influenced by ETF outflows and high unrealized profits, suggesting a correction beyond a short-term reset. ➤ Michael Saylor's recent tweet, interpreted as a less aggressive buying signal, may have contributed to profit-taking pressure and intensified downside momentum. ➤ The current market conditions, including potential shifts in MicroStrategy's sentiment and institutional momentum, pose a risk to significant long positions if selling pressure continues.

[rwatimes]

Bitcoin battles profit-taking – Can demand push BTC price to $92K?

Bitcoin has entered a classic bull vs bear tug-of-war, with on-chain data showing heavy profit-taking around the $80k level.

➤ Bitcoin is experiencing a bull vs. bear struggle around the $80k level, with significant profit-taking occurring from both short-term and long-term holders. ➤ Despite profit-taking and short liquidations, strong demand, particularly from Bitcoin spot ETFs, is absorbing selling pressure and maintaining price stability. ➤ The current market structure leans bullish, with ETF inflows and steady demand suggesting a potential upward movement towards the $87k-$92k range.

[rwatimes]

Bitcoin price: BTC ETFs pull $2 billion in 8 days while short-term holders sell

Spot bitcoin ETFs logged their first 8-day inflow streak since October, but on-chain profit-taking is already running at 3x the rate that has marked every local top this year.

➤ Spot Bitcoin ETFs have experienced an 8-day inflow streak totaling $2.1 billion, indicating renewed institutional interest. ➤ Despite ETF inflows, on-chain data shows short-term holders are selling at a rate three times higher than previous local tops, suggesting profit-taking. ➤ The article highlights a potential conflict between ETF demand and short-term holder distribution as Bitcoin approaches key price levels, creating market uncertainty.

[kazifatagar]

FBM KLCI Retreats Amid Profit-Taking; Outlook Positive on Regional Fund Rotation

KUALA LUMPUR — The FBM KLCI retreated on Wednesday, slipping 0.83% to close at 1,756.49, as investors engaged in profit-taking following a 4.25% cumulative gain over the past five sessions. Technology (-2.37%) and Energy (-1.44%) led sector declines, while Healthcare (+1.95%) emerged as the day’s strongest performer. Profit-Taking Globally, Wall Street ended mixed, with the S&P 500 marginally…

FBM KLCI Retreats Amid Profit-Taking; Outlook Positive on Regional Fund Rotation

[kazifatagar]

New: Gold Retreats from Record High on Profit-Taking Amid US Shutdown Fears

NEW YORK: Gold prices eased on Tuesday after hitting a record high earlier in Asian trading, as investors took profits. Spot gold slipped 0.70 per cent to US$3,805.99 per ounce by 0723 GMT, retreating from its peak of US$3,871.45. US gold futures for December delivery also dropped 0.60 per cent to US$3,833.40. Despite the pullback, bullion has surged 10.50 per cent in September, its strongest…

New: Gold Retreats from Record High on Profit-Taking Amid US Shutdown Fears

[basechop]

Stellar Gains in BOME Pre-Sale: Key Insights and Success Stories

Unleashing the Power of Solana: BOME Pre-Sale Triumph Cryptocurrency enthusiasts witnessed a remarkable feat as a participant in the BOME pre-sale converted 421 SOL into a staggering $30.6 million in just 3 days. Unveiling the Winning Strategies in BOME Pre-Sale The wallet sundayfunday.sol emerged as a dominant figure in the pre-sale of the new Solana meme coin, Book of Meme. Just 3 days ago, it invested 421 SOL, approximately $72,000, and in return received a whopping 1.43 billion BOME, now valued around $30.6 million. Profiting from Strategic Moves Today, it secured partial profits by selling 190 million BOME for 19,646 SOL, worth about $3.66 million, maintaining ownership of 1.24 billion Book of Meme tokens. Diverse Success Stories in BOME Pre-Sale Another trader sent 102 SOL to the BOME creator's address, receiving 347 million tokens, subsequently selling them for a 340-fold profit of $6.58 million. Varied Outcomes in the Market However, not all market participants had the same fortune. Shatter.sol spent 50 SOL to purchase 170,250 BOME, parting with them after 14 hours, earning approximately $130,000. Presently, the value of the tokens they sold exceeds $3.5 million. Read the full article