Bitcoin (BTC) dropped toward $67,000 during the European trading session on Friday despite an increase in long-term buying. Exchange withdrawals also increased to 16-month highs, suggesting reduced “immediate selling pressure,” a new analysis said.Key takeaways:Bitcoin withdrawals from exchanges increases, reducing BTC available for sale.Long-term holders accelerate accumulation, adding 155,450 BTC over the past 30 days.Bitcoin analysts view $65,000–$66,000 as a potential support zone for a bounce.Bitcoin supply tightens as long-term buying acceleratesCryptoQuant’s exchange flow data highlighted “renewed signs of supply tightening,” as large Bitcoin withdrawals continue across major exchanges. The chart below shows that investors withdrew nearly $1.6 billion of BTC…

The bitcoin mining industry is undergoing the most fundamental transformation in its history, and the clearest sign isn’t the hashrate or the difficulty adjustments. It’s the balance sheets.CoinShares’ Q1 2026 mining report, published this week, reveals that the weighted average cash cost to produce one bitcoin among publicly listed miners rose to approximately $79,995 in Q4 2025. Bitcoin has traded in the $68,000 to $70,000 band, with a CoinDesk report last week estimating losses of $19,000 per BTC mined.These numbers aren’t sustainable, and the industry knows it. The response has been a wholesale pivot toward artificial intelligence infrastructure that is…

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