Bitcoin
Why Bitcoin is down 1.2% in the last hour
Analysis
Bitcoin slipped 1.2% over the past hour as offshore traders appeared to pull back, creating short-term selling pressure despite continued bullish positioning from Wall Street, according to CoinDesk’s market analysis. The dip came even as longer-horizon sentiment got supportive headlines, with CryptoNews reporting a Trump-linked Truth Social filing for Bitcoin-related ETFs, which may not have immediately translated into spot buying in the last hour.
Contributing Factors (2)
Wall Street remains bullish on bitcoin while offshore traders retreat
The difference in futures basis between CME and Deribit reflects varying risk appetite across regions.
Trump-Linked Truth Social Files for Bitcoin, Ethereum and CRO Staking ETFs
Trump Media and Technology Group is expanding its push into digital assets, filing for two new cryptocurrency ETFs. The post Trump-Linked Truth Social Files for Bitcoin, Ethereum and CRO Staking ETFs...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.