Bitcoin’s high-conviction holders sell $2.4B as price falls below $70K for first time since April

Wyoming set new AI data center rules as demand for power rises and Bitcoin miners expand into data center and HPC hosting markets.

The Bitcoin flash crash highlights the volatility and risks in leveraged crypto trading, potentially impacting investor confidence and market stability. The post Bitcoin flash crash below $62K wipes out $1.8B in leveraged bets appeared first on Crypto Briefing.

Strategy Inc. sold 32 bitcoin between May 26 and May 31 for roughly $2.5 million, its first disclosed net bitcoin disposal since December 2022, according to a June 1 Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). For the first time in four years, Strategy founder Michael Saylor, the man who built […]

Bitcoin’s futures market is flashing a warning that analysts say could mean more pain ahead. Open interest climbed to roughly 288,000 BTC even as prices fell, with funding rates holding positive at 0.083% — a sign that bullish bets remain in place despite the selloff, leaving the market exposed to another wave of forced liquidations. Related Reading: XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst Bitcoin Liquidations Hit Hardest Since February About $672 million in Bitcoin positions were wiped out in 24 hours ending June 2, the largest single-day wipeout since February 5. That came as Bitcoin slipped below $67,000, dragging short-term holders — those who bought recently — into the red at a pace not seen since early in the year. On Binance alone, short-term holder losses hit -16,400 BTC on June 2. Across all exchanges, that figure reached -38,700 BTC, down slightly from -41,300 BTC recorded on May 28. Data shows these are buyers from recent months who are now exit

XRP price extended losses and traded below $1.20. The price is now consolidating losses and faces hurdles near $1.1920 and $1.1950. XRP price started another decline and traded below the $1.20 zone. The price is now trading below $1.20 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.1950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.20. XRP Price Nosedives Below $1.20 XRP price failed to stay above $1.20 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.1950 and $1.1920 to enter a short-term bearish zone. The price even extended losses below $1.180. A low was formed at $1.1401, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1.3640 swing high to the $1.1401 low. The price is now trading below $1.1920 and the 100-hourly Simple Moving Average. If there is a fr

A clear overview of Amun Bitcoin 3X Daily Long, how 3x leveraged bitcoin tokens work, risks, and practical use cases for traders. The post Amun Bitcoin 3X Daily Long: What It Is And How It Works appeared first on BiteMyCoin.

Over the past few days, the broader cryptocurrency market has flipped extremely bearish, with Bitcoin’s price steadily declining to the $66,000 threshold. Given the heightened volatility, BTC is starting to experience a notable rise in market stress, which is evidenced by increased realized losses and sharp transfers of coins into multiple cryptocurrency exchanges across the […]

HYPE is trading above $70 as the market faces selling pressure and uncertainty that has weighed on most crypto assets throughout recent sessions. The token’s ability to hold above that level while the broader ecosystem struggles is itself a signal — but Arkham Intelligence data has revealed a pair of institutional transactions that add a specific and deliberate dimension to the current price resilience. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details Galaxy Digital — the institutional digital asset firm founded by Mike Novogratz and one of the most closely watched institutional participants in the crypto market — withdrew 179,000 HYPE tokens worth approximately $12.62 million from Coinbase in the past seven hours. The withdrawal from a regulated US exchange into external custody describes a firm moving assets away from the venue where they can be most easily sold — the behavioral opposite of distribution. Galaxy Digital HYPE transfers | Sou