Bitcoin moves closer to $80,000 as data shows traders positioning in futures markets. Will potential profit-taking in the $83,000 to $88,000 range put a cap on the rally?
Fresh on-chain data and product launches underscored a broad theme for crypto markets on Tuesday: large institutions are steadily deepening their footprint, while exchanges and DeFi protocols are racing to improve access and liquidity as trading activity rotates across venues. BlackRock's Bitcoin stash climbs toward 807,000 BTC Asset manager BlackRock increased its Bitcoin (BTC) holdings to approximately 806,700 BTC, according to Lookonchain data cited by Odaily.
Shiba Inu (SHIB) is seeing renewed momentum as its Open Interest (OI) has surged more than 20% in a single day, surpassing both Bitcoin (BTC) and XRP. The meme coin appears to be staging a recovery as trading volume continues to ramp up and price experiences short rebounds.