Mark Brennan

2 days ago | thecryptobasic.com | Mark Brennan

In its most aggressive year of Bitcoin accumulation to date, Strategy has significantly expanded its holdings, according to recent statistics published by on-chain analytics provider CryptoQuant. Per CryptoQuant, the firm’s 12th Bitcoin acquisition of 2025 brought in 13,390 BTC at an approximate cost of $1.34 billion. Since late 2024, Strategy (formerly MicroStrategy) has added Bitcoin across nearly all price points, ranging from below $70,000 to just under $110,000 per coin.

2 days ago | thecryptobasic.com | Mark Brennan

Bitcoin has moved closer to the $106,000 mark, prompting fresh attention from analysts at institutional research firm 10x Research, who predict further upside. According to market data, Bitcoin is trading at $104,272, showing a marginal 1.29% decline in the past 24 hours. This drop comes after Bitcoin soared to $105,706, closing in on the $106,000 milestone. Despite the drop, it remains up 10.47% over the last seven days.

3 days ago | thecryptobasic.com | Mark Brennan

Market veteran Michaël van de Poppe believes XRP is now on the verge of attacking its all-time highs after his initial entry point resulted in a 50% uptick. XRP has posted a steady 10% gain over the past week, rising from around $2.09 on May 6 to above $2.4 by May 12, 2025. Amid this uptrend, some analysts tracking higher timeframe trends suggest XRP has exited its previous consolidation range, entering a fresh bullish phase.

3 days ago | thecryptobasic.com | Mark Brennan

As Bitcoin trades above $104,000, several large traders have initiated high-risk short positions, exposing themselves to steep liquidation threats. Leveraged bets against Bitcoin’s current bullish momentum are mounting, with at least three whale traders deploying massive capital using up to 40x leverage. These positions are already incurring heavy unrealized losses, while ongoing funding payments offer limited compensation against market pressure.

6 days ago | thecryptobasic.com | Mark Brennan

CryptoQuant CEO Ki Young Ju has publicly retracted his previous bearish forecast, citing sustained institutional inflows through Bitcoin ETFs as a major factor redefining the market landscape. This changing view by the leading analyst comes at a time when Bitcoin has surpassed the $100,000 psychological resistance, now trading at $103,608.