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10X Research "BTC set for further decline"

"Bitcoin attempted to rally yesterday after the Bank of Japan hinted at a pause in interest rate hikes, but ultimately failed as outflows from spot ETFs and stablecoins continued," crypto market analyst 10x Research said in a recent report. "We also saw further selling from crypto market maker Jump Trading the day before. BTC encountered resistance at $56,000-57,000 and the rally failed to sustain. Japan's central bank only paused its rate hike, and it could hike again. Even if the market manages to avoid liquidating the yen carry trade (a financial technique that involves borrowing low-interest yen and investing in foreign bonds or stocks with higher interest rates or higher yields), the downside risks to the Nasdaq will persist, and BTC could see further declines."

Meanwhile, Japanese publicly traded company Metaplanet, which has Bitcoin as a major asset, reported on Official X that "Metaplanet has borrowed 1 billion yen (approximately $9.4 billion) at a 0.1% interest rate, which will be used to fund additional BTC purchases." Metaplanet recently announced that it would issue 10 billion yen worth of warrants (BW) to buy more BTC.

Crypto 'Fear-Greed Index' at 49...moving to neutral

Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose four points from the previous day to 49. The improvement in sentiment moved the index from fear to neutral. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close

blockchain crypto cryptocurrency fear greed index 26 btc 55K (SpotedCrypto)

Crypto 'Fear-Greed Index' 26...Fear Continues , CME BTC Futures Gap $870

Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell three points from the previous day to 26. The fear phase continues with a slight contraction in confidence. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100 indicating

blockchain crypto cryptocurrency bitcoin reclaim 62K we wish (Spoted Crypto)

Bitcoin supports $60K, break of $62K will change the trend and close nearly $700M worth of shorts

Wall Street takes a breather ahead of Fed Chair Jerome Powell's speech at the Jackson Hole meeting. Bitcoin held the $60,000 level in the New York market on Dec. 22 (local time). Cointelegraph reported that the $60,000 support level held firm, supported by inflows into ETFs.

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