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The cryptocurrency market is abuzz with speculation following the emergence of an unprecedented $520 million short position against Bitcoin (BTC). According to Cointelegraph, an unidentified whale placed this record-breaking bet using 40x leverage, making it one of the most daring trades in Bitcoin’s history. ⚡️ LATEST: A Hyperliquid whale placed the largest $BTC short ever,…
Michael Saylor’s company, Strategy, formerly known as MicroStrategy, has expanded its Bitcoin (BTC) holdings once again. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), the firm acquired an additional 130 BTC between March 10 and March 16 at an average price of $82,981 per BTC, totaling $10.7 million. This purchase…
Bitcoin’s price has been on a downward trajectory, with recent data highlighting a significant dip in market performance. Over the past 30 days, Bitcoin has recorded a negative 14.7% performance. Shorter-term trends also reflect bearish momentum, with 7-day and 24-hour performances dropping by 7.3% and 1.6%, respectively. Whales and Sharks Reduce Bitcoin Holdings 📉 Bitcoin's…
Strategy (formerly MicroStrategy), the world’s largest corporate Bitcoin holder, is facing a tough reality. Despite its unwavering commitment to Bitcoin, Strategy’s stock (MSTR) has tumbled 40% from its peak, even as Bitcoin struggles to stay above $90,000. Retail Traders Face the Heat According to 10x Research, Strategy saw an astonishing $40 billion in trading volume…
The highly anticipated White House Crypto Summit failed to ignite bullish momentum in institutional crypto investment, as Bitcoin exchange-traded funds (ETFs) recorded their fourth consecutive week of outflows. Data shows that over $4.5 billion in net assets have exited the market in the past month, signaling cautious sentiment among institutional investors. Bitcoin ETF Outflows Continue…
In a landmark move, President Donald Trump has signed an executive order (EO) reshaping how the U.S. government handles digital assets, including Bitcoin (BTC), XRP, and other cryptocurrencies. The order introduces two major initiatives: a strategic reserve for Bitcoin and a broader digital asset stockpile encompassing various altcoins. Bitcoin’s Strategic Reserve According to reports from…
Today marks a crucial moment for the cryptocurrency market as over $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire on Deribit at 8:00 UTC. With $2.5 billion in BTC contracts and nearly $500 million in ETH contracts settling, traders are bracing for potential price swings. Will Bitcoin Hold Steady…
Bitcoin (BTC) has experienced a sharp decline of over 5% in the past 24 hours, currently trading at around $88,100. This downturn follows US President Donald Trump’s announcement regarding the establishment of a Strategic Bitcoin Reserve, which failed to meet market expectations. Bitcoin Strategic Reserve Falls Short On March 7, President Trump signed an executive…
In a groundbreaking move, former President Donald Trump has signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, signaling a major step toward integrating Bitcoin into the U.S. financial system. This historic decision marks a pivotal moment for Bitcoin’s role in global finance. A Bold Step Toward Bitcoin Integration According…
The U.S. spot Bitcoin ETF market is in disarray, with net outflows nearly doubling overnight as investor fears mount over former President Donald Trump’s controversial proposal for a national crypto reserve. On March 4, Bitcoin ETFs saw a staggering $143.43 million in outflows, triggering a wave of liquidations that wiped out millions in trader positions….