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The post Bitcoin whale expands long position to $94M, but BTC remains bearish appeared on BitcoinEthereumNews.com. Amid the broader market drawdown, Bitcoin’s bearish streak extended, dropping to a 6-week low of $72,728. At press time, Bitcoin traded at $73,376, down 3.2% on the daily charts, adding to its 5% weekly drop. With the market on its back foot, investors, especially whales on the derivatives, were forced to reposition themselves. Garret Jin adds Bitcoin long to $94 million Despite the sharp market drop, some whales have remained bullish and aggressively bet on a rebound. According to Lookonchain, popular whale Garret Jin entered the market to cover his long position amid liquidation risk. Garret Jin raised his long position to 1268 BTC worth $94.4 million. With the market drop, the whale is down $2.08 million. Garret continued to add to long positions to avoid liquidation amid intense long liquidation. According to CoinGlass data, total longs liquidated jumped to $348 mill
Read full articleThe lifting of the blockade may stabilize global oil markets, but Iran's Bitcoin use could prompt regulatory scrutiny on cryptocurrencies. The post Trump says US lifting naval blockade as ships may start heading home appeared first on Crypto Briefing.
As the crypto market matures, the relative strength between Ethereum and Bitcoin is becoming one of the most discussed narratives. The ETH ecosystem is entering a new phase of growth, fueled by scaling solutions, rising staking participation, and a more efficient supply structure. These improvements are steadily reinforcing the ETH fundamentals and long-term utility within decentralized finance and beyond. Ethereum, Bitcoin Recovery Depends On Adoption And Market Rotation The debate around whether Ethereum can reclaim its 2021 highs against Bitcoin is gaining renewed momentum as institutional voices turn increasingly optimistic. Crypto analyst Walter Bloomberg revealed on X that Geoff Kendrick of Standard Chartered remains strongly bullish on ETH despite its prolonged underperformance against BTC. Related Reading: Ethereum’s Price Pulls Back Close To $1,900, But Large Holders Remain Unfazed Geoff Kendrick argues that the current disconnection between ETH’s strong fundamentals and its w
The U.S. Commodity Futures Trading Commission has approved Kalshi to launch the first federally regulated Bitcoin perpetual futures contract in the United States, opening a new path for crypto derivatives trading onshore. According to a CFTC announcement released Friday, Kalshi…
The CFTC issued an order allowing Kalshi to offer perpetual futures in the U.S., starting with contracts tied to Bitcoin's price.
Strategy's potential $80B Bitcoin acquisition could significantly impact market dynamics, amplifying both investment risks and rewards. The post Strategy CEO Phong Le hints at raising $80B to buy Bitcoin appeared first on Crypto Briefing.
Strategy's potential $80B Bitcoin purchase could significantly influence market dynamics, highlighting Bitcoin's role as a strategic reserve asset. The post Strategy eyes $80B Bitcoin purchase, boosting market demand appeared first on Crypto Briefing.
While bitcoin sellers drove the price below $74,000 on Thursday, a fresh wave of sleeping coins sprang to life, transferring 665 BTC that had remained untouched for more than a decade. In total, 665 BTC worth just over $48 million, moved during the past day, all originating from wallets created in 2014 and 2015. Long-Idle […]
Bitcoin held near $73,000 but risks crashing lower as risks linger. Spot Bitcoin ETFs saw net outflows of $229 million for a nine-day negative streak. On-chain metrics show whale balances flat for months, signaling reduced accumulation. Bitcoin traded near $73,200 on Thursday after failing to sustain a rebound amid broader cryptocurrency selling. While BTC struggled, […] The post Bitcoin price outlook amid 9-day streak of ETF outflows appeared first on CoinJournal.
