A trader has opened a 20x long on 1,653 BTC. Bitcoin is currently trading at $63.5K. A known high-frequency trader, identified as 0x50b3, has captured the market’s attention after opening a massive 20x-leveraged long position in 1,653.8 BTC, valued at around $105.77 million. The move comes amid heightened interest in BTC’s short-term price direction, with
As part of the launch, GoMining is onboarding an initial set of up to 10 merchants and ecosystem partners. GoBTC Pay settles directly on Bitcoin while protecting user ownership and non-custody. GoMining is announcing the GoBTC Pay Gen1 SDK and API, allowing merchants, wallet providers, and ecosystem partners to integrate Bitcoin payments into real-world products and services.
In the short term, $68K remains the critical level to monitor. Bitcoin (BTC) is currently trading around $65K. Bitcoin’s recent price action has shifted the liquidity landscape. During the decline below $60K, a significant amount of downside liquidity was absorbed as stop-loss orders and leveraged positions were cleared from the market. With the February low
Bitcoin price is trading at the $66K mark. If momentum holds, this region is BTC’s next major resistance target. Bitcoin has finally reclaimed and broken above the key $64,360 resistance level, a zone that had capped price advances over the past several sessions. The chart shows multiple failed attempts to push through this level, making
The market sentiment was dampened just as the important $60,000 support level was being tested. Just one month ago, the projected daily return for 1 terahash per second of hashing power was $0.039. On Tuesday, it hit a new low of $0.028. Along with Bitcoin’s price drop to $62,000, on-chain activity has been poor and revenue for
CryptoQuant warned that the realized price of Bitcoin, which is approximately $53,600, should not be seen as a verified cycle low. At the time of writing, BTC is trading at $63,106, up 3.24% in the last 24 hours as per data from CMC. The crypto analytics company CryptoQuant suggests that Bitcoin’s price could be bottoming out
There has been a net withdrawal of more than $5 billion from these ETFs in only four weeks. The US spot Bitcoin ETF witnessed $77.44M worth of outflows on June 9, adding to the ongoing streak of outflows. Understand why investors no longer like Bitcoin spot ETFs. As of June 9th, the eleven spot ETFs’
According to data source SoSoValue, investors pulled $3.45 billion over 11 trading sessions as bitcoin plummeted under $70,000 from US spot bitcoin ETFs. This shift occurs at the same time when other indicators of institutional demand are showing signs of weakness. After Monday’s admission of a minor BTC sale by Strategy (MSTR), the crypto markets continued
A mystery trader sold 29.2 million shares of BlackRock’s IBIT on Tuesday using dark pool. The net outflow of $333.6 million occurred on the same trading day as the huge IBIT deal, continuing a streak of 11 trading days for US-listed Bitcoin ETFs. Financial services firm NYDIG’s head of research, Greg Cipolaro, speculates that last week’s
Consistent monthly increase since February indicates a change from accumulation to modest distribution, similar to the bad market of 2022. The annual growth rate of balances for whale accounts containing 1,000 to 10,000 Bitcoin (BTC) has slowed to a negative trend, marking the fastest shrinkage this year. On Thursday, Bitcoin (BTC) made its first move