CryptoCapo: BTC may not have bottomed yet and could fall below $100,000 to the $92,000-93,000 range
2025/07/01 09:02
PANews reported on July 1 that CryptoCapo, a well-known cryptocurrency analyst, said that in his opinion, the real sell-off of Bitcoin may not have happened yet. He predicted that the price of Bitcoin may fall below $100,000 to the $92,000-93,000 range, and if it falls further, it may hit a potential bottom of $60,000-70,000.
He also pointed out that if this trend is realized, altcoins may face a further decline risk of 50%-80%. CryptoCapo revealed that he has started to net short the market since late May, mainly targeting altcoins, and plans to continue to increase short positions.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
China lawmakers to consider loosening hard stance on digital assets amid stablecoin wave: report
China lawmakers held a meeting with local government officials to reevaluate its stance on digital assets, more specifically stablecoins and cryptocurrency. The government is being urged to consider yuan-based stablecoins amid the ban on crypto. According to a recent report…
Share
Crypto.news2025/07/11 20:55
Greenland Holdings: Its Hong Kong subsidiary is involved in virtual asset-related matters, and the subsidiary's revenue in 2024 will account for less than 1%
PANews reported on July 11 that according to Jinshi, Greenland Holdings issued an announcement on abnormal fluctuations in stock trading. Recently, some media reported that the company's Hong Kong subsidiary
Share
PANews2025/07/11 20:39
glassnode: Despite Bitcoin's record high, long-term holders' net unrealized profit and loss is still below the frenzy range
PANews reported on July 11 that glassnode tweeted that although the BTC price has exceeded $118,000, setting a new high, the long-term holders' net unrealized profit and loss (NUPL) is
Share
PANews2025/07/11 21:24