Strategy Didn’t Sell Bitcoin in May, According to Polymarket
Strategy's sale of 32 BTC in May sparked one of the most contentious debates around Polymarket's resolution criteria.
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Bitcoin has lost the $66,000 level as selling pressure and uncertainty intensify across a market that is now testing support levels not seen since the early stages of this year’s recovery. The breakdown is accelerating, and a CryptoQuant report has identified a specific pattern in the on-chain data that places the current selling in a historical context that traders will recognize immediately. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details Short-term holders are realizing losses at the strongest pace since early February. The “STH Loss to Binance” metric on Binance dropped to -16,400 BTC on June 2. Its deepest negative reading since February 6. As Bitcoin slipped below the $69,000 area. That specific date matters. February 6 marked one of the most intense capitulation sessions of the recent correction, a period when forced selling from recent buyers created the kind of price pressure that ultimately exhausted itself and preceded the recove
Read full articleStrategy's sale of 32 BTC in May sparked one of the most contentious debates around Polymarket's resolution criteria.
Bitcoin closed May near $70,600 after losing roughly 8% to 10% during a month dominated by rising inflation, higher Treasury yields, and escalating geopolitical uncertainty, according to a market report from Finestel. According to Finestel’s May market report shared with…
Bitcoin trades near $62K as Charles Edwards says a 28% quantum discount reflects market fears over slow post-quantum planning.
Some of the biggest losers today include NEAR, TON, and ADA.
Bitcoin ETF outflows remain negative for 11 straight days, pressuring BTC. $749 million in liquidations have accelerated the Bitcoin price drop. RSI below 18 shows oversold conditions, but trend stays bearish. Bitcoin (BTC) has been under sustained pressure, trading around the $63,548 level after a sharp multi-week decline that has erased a large portion of […] The post Why Bitcoin price could fall below $62,000 despite oversold conditions appeared first on CoinJournal.
Bitcoin is trading above $65,000 after a 12% breakdown over two days that erased weeks of recovery progress and forced a reassessment of the market’s structural integrity. The speed of the decline was alarming — but XWIN Research Japan has published an on-chain analysis that looks beneath the price action and identifies signals that complicate […]
In crypto news today (June 4), the market continues to bleed as June maintains its bearish trend. Bitcoin crashed below $62,000 overnight, falling by -4.8% over the past 24 hours. The crash has caused more than $1.63Bn in daily liquidations, with over $1.38Bn of that figure being long trades. This recent spate of liquidations has.. The post Crypto News Today (June 4): BTC Taps $61K Overnight as Liquidations Pile Up appeared first on 99Bitcoins.
Many traders expect Bitcoin to stage a short-term relief bounce toward $70,000, but the broader technical setup remains bearish for BTC.