Bitwise CIO Matt Hougan says MicroStrategy's era as Bitcoin's dominant buyer is ending as the company shifts to a new capital framework allowing Bitcoin sales up to $1.25 billion for dividends, reserves, and buybacks. This change follows a drop in MicroStrategy's preferred stock and Bitcoin falling below $60,000. Hougan expects institutional investors like banks and pension funds to become the main Bitcoin buyers going forward, while MicroStrategy may still buy Bitcoin if prices rally but will be less influential in the next cycle. The market may be nearing a bottom with a potential bull run this fall.
Top traders significantly reduced their Ethereum futures long positions in both USDT- and coin-margined markets, signaling a short-term de-risking despite stable overall crypto market conditions. Ethereum's long position share among top traders fell ...
Bitcoin is trading around $61,697 with a modest 2.7% move, while Ethereum has surged 6.4% to $1,717. The total crypto market cap stands at $2.22 trillion, with Bitcoin dominance at 55.7%, indicating cautious capital rotation between Bitcoin and altco...
The cryptocurrency market is showing signs of recovery as $1.9 billion in Bitcoin options, $230 million in Ethereum options, and $3.7 million in XRP options expire today. Bitcoin has surged over 6% to around $62,000, supported by bullish call options...
For the first time in the current cycle, more bitcoin—about 10.83 million BTC—is held at a loss than at a profit, reflecting a significant correction from January's $109,000 peak. Historically, this shift signals financial stress and often precedes m...
Bitcoin surged past $61,000 after U.S. June job growth fell short at 57,000 new positions versus 115,000 expected, easing fears of aggressive Federal Reserve rate hikes. The unemployment rate was slightly better than expected at 4.2%, but the mixed d...
