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Bitcoin trades near $62k amid $86M whale bets but market sentiment remains bearish with risk of further drop.

Market News
03 Aug 2026
AMBCrypto
View Source
Bearish
pluang ai news

Bitcoin has been trading between $62k and $63k after failing to break $65,409, with a recent slight decline adding to a 4% weekly loss. Two whale wallets have taken large leveraged long positions totaling 1,364 BTC worth $86.2 million, hoping for a rebound, though these positions are currently at a loss. Despite this, overall market sentiment is bearish as most traders hold short positions and are deleveraging, indicating weak speculative demand and low volatility. Technical indicators suggest sellers dominate, increasing the risk of Bitcoin falling below $62k toward $60,270.

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Pred expands sports exchange with new football leagues including La Liga and Champions League

Pred expands sports exchange with new football leagues including La Liga and Champions League

Pred, a peer-to-peer sports prediction exchange, has added major football leagues such as La Liga, Champions League, Europa League, and MLS to its platform alongside existing markets like the English Premier League, Formula 1, and Tennis. This expans...

Others
Bullish
1 hour ago
State Street Global Advisors increases stake in DCC plc to 1.29% as of July 31, 2026.

State Street Global Advisors increases stake in DCC plc to 1.29% as of July 31, 2026.

State Street Global Advisors and its affiliates have increased their holdings in DCC plc to 1,100,095 ordinary shares, representing 1.2878% of the company as of July 31, 2026. The transactions included multiple purchases and a sale of shares at a pri...

Market News
Neutral
1 hour ago
Angle seat valve market to grow to $0.53B by 2032, driven by industrial automation and smart valve tech adoption.

Angle seat valve market to grow to $0.53B by 2032, driven by industrial automation and smart valve tech adoption.

The global angle seat valve market is projected to grow from $0.38 billion in 2026 to $0.53 billion by 2032, at a CAGR of 5.9%. Growth is fueled by rising industrial automation in sectors like food & beverages, pharmaceuticals, chemicals, and water t...

Market News
Bullish
1 hour ago
ADTRAN misses Q2 revenue targets, shares drop 15%, and faces investor misinformation probe.

ADTRAN misses Q2 revenue targets, shares drop 15%, and faces investor misinformation probe.

ADTRAN Holdings reported preliminary Q2 2026 revenue between $280 million and $282 million, below its prior guidance of $283 million to $303 million, causing a 15% drop in its stock price. The company cited a delay in a key customer project as the re...

Company Fundamentals
Bearish
2 hours ago
Hennessey unveils Blackbird, a $2.5M analog hypercar with 800-850 hp and manual transmission.

Hennessey unveils Blackbird, a $2.5M analog hypercar with 800-850 hp and manual transmission.

Hennessey Special Vehicles has revealed the Blackbird, a new naturally aspirated, manual-transmission hypercar inspired by the Lockheed SR-71 Blackbird aircraft. The car features an all-new 6.2-liter V8 engine producing 800-850 hp, a six-speed gated ...

Others
Bullish
2 hours ago
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