Strategy's Perpetual Stretch Preferred Stock (STRC) fell to its lowest level since its July 2025 debut, dropping to $90.40 before recovering to around $93.40. This decline coincided with Bitcoin briefly falling below $60,000, its lowest since October 2024, dragging the broader crypto market down and triggering $1.72 billion in liquidations. The drop in STRC raises pressure on Strategy's financing, potentially increasing its dividend rate to 11.75% and adding about $26 million in annual costs on its $10.5 billion issuance. Strategy also recently sold Bitcoin to fund preferred stock distributions, marking its first sale in years, signaling potential liquidity concerns amid market volatility.
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...
