Bitcoin fell 5% to a new year-to-date low of $59,018 on June 24, continuing a downward trend that has seen it lose over 30% since the start of the year. This drop caused $237 million in long leveraged positions to be liquidated within four hours, with the broader crypto market cap falling to $2.15 trillion. Analysts warn that if bitcoin falls below $58,000, an additional $1.6 billion in long bets could be wiped out, potentially marking a major market capitulation and setting the stage for a trend reversal. Investors are closely watching the June 30 window for signs of bitcoin's next major move.
BlackRock transferred about 2,152 BTC worth $140 million from Coinbase Prime, coinciding with $181 million inflows into U.S. spot Bitcoin ETFs, highlighting ongoing institutional demand. Despite this, Bitcoin prices remained flat while Ethereum and s...
A major whale investor has increased their short position on Bitcoin through the decentralized futures platform Hyperliquid, earning $131,000 with a 26.7% return over 30 days. This move reflects a bearish sentiment among large investors who expect Bi...
Bitcoin's most popular call option strike price has shifted down from $80,000 to $70,000, indicating a lower expected price ceiling for the cryptocurrency. Open interest in the $70,000 call option now exceeds $1.6 billion, reflecting traders' bets th...
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
