Bitcoin Faces Selling Pressure as Miners Dump BTC Amid Quiet Periods for Circle and eToro
The cryptocurrency market is witnessing significant movements as Bitcoin miners accelerate sell-offs, while major players like Circle and eToro enter quiet periods, hinting at potential IPOs. Meanwhile, Semler Scientific turns to Coinbase for Bitcoin-backed financing to address regulatory fines.
Circle and eToro Enter Quiet Periods, Bitcoin Miners Dump BTC, and Semler Turns to Coinbase
Circle and eToro have entered quiet periods, potentially signaling an IPO. Meanwhile, Bitcoin miners are selling off BTC at a faster and larger rate. Semler Scientific is offering securities to raise cash to buy Bitcoin, which will be used to secure a loan to pay a DOJ fine. The USDC stablecoin issuer Circle is in a mandatory quiet period due to having filed their S-1 earlier this month.
CryptoQuant Predicts Strong Volatility For Bitcoin
CryptoQuant has issued a warning that Bitcoin may experience significant volatility. According to the platform, 170,000 BTC, held by short-term holders for three to six months, have started moving on-chain. This is a historic signal often preceding market turbulence. The market is divided between panic sellers and long-term holders who remain stable, causing the market to oscillate between a purge and rebound. Short-term holders are seen as catalysts for the forecasted turbulence.
Bitcoin Set for Major Volatility: $14B Shifted, Whales Bullish Despite Economic Turmoil
Bitcoin could experience significant volatility as over 170,000 BTC worth more than $14 billion was moved from wallets held for 3-6 months, according to Cryptoquant. These movements often signal upcoming major price swings, either a breakout rally or a sharp drop. The mid-term Bitcoin holders who made these movements are typically more reactive than long-term investors but calmer than short-term traders, playing a key role during market transitions.
$69K Is the Key, Cowen Maps Out Bitcoin’s Next Big Move
Bitcoin’s recent market action may seem shaky, but according to crypto analyst Benjamin Cowen, it’s all part of the bigger picture and the outlook is still bullish. As the second quarter of 2025 begins, Bitcoin has cooled down after its impressive rise earlier this year, with prices now moving between $83,000 and $85,000. Global tensions, interest rate concerns, and trade decisions under President Donald Trump are weighing on investor sentiment. However, there are signs that this could be the start of a healthy consolidation phase. Cowen, who tracks Bitcoin cycles closely, highlights the 2024 high as the key level to watch, suggesting that as long as Bitcoin stays above this point, even with brief dips, the outlook remains positive.
Bitcoin Price Prediction: How Low Can BTC Go in a Recession?
Bitcoin is under serious pressure as global recession fears, high interest rates, and escalating tariff tensions continue to shake investor confidence. While crypto market interest remains steady, BTC is struggling to break out, hovering just below the key $85,000 level. As of now, Bitcoin trades down slightly in the last 24 hours and nearly from over $109,000 set earlier this year. The momentum appears to be fading, prompting analysts to predict its future trajectory. A recent Bloomberg Intelligence trader and market expert discussed Bitcoin’s future and issued a chilling warning, highlighting the potential impact of the global economic environment on the cryptocurrency.
