Altcoin Daily
Bitcoin is on the verge of another golden cross — the fifth since the last bear market bottom — as the 50-day moving average prepares to cross above the 200-day. Historically, the pattern has preceded major BTC rallies, though the immediate aftermath has often brought a brief consolidation or short-term dip before the longer-term momentum takes hold. Analysts note that ETF outflows running near $700M per day are being absorbed by an unidentified bid, likely Bitcoin treasury companies, preventing the kind of price breakdown seen in February when similar outflows drove BTC from $100K to $70K.
On the macro side, SpaceX disclosed in an SEC S-1 filing that it holds 18,712 BTC — acquired at an average of roughly $35,000 per coin, a $661M cost basis now worth approximately $1.3 billion.
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