Metaplanet Stock Down 88% in a Year While BTC Holdings Grow
Analysts argue that investors are effectively buying the company's Bitcoin holdings at a discount to their estimated value.
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In crypto news today (June 26), BTC USD continues its struggle to hold key support at $60,000, currently trading around $60,200. Liquidations hit $1Bn over the past 24-hours, with more than $845M from long positions. Worryingly, ETF flows have become extremely bearish, as yesterday saw $691M in Bitcoin outflows, coupled with Wednesday’s $469M flows, taking.. The post Crypto News Today (June 26): BTC Barely Holding $60K, Uniswap and Spark Launch FX Layer, Dubai to Launch Token Backed by Nasdaq ETF appeared first on 99Bitcoins.
Read full articleAnalysts argue that investors are effectively buying the company's Bitcoin holdings at a discount to their estimated value.
After falling below the 200-day Simple Moving Average, the $BTC price is on the brink of collapse. However, the $60K horizontal support level is holding for now. Will a collapse down to the low $50K level be next, or is Bitcoin grinding out a bottom with plenty of sideways choppiness to come?
US Bitcoin ETFs recorded $696.3 million in outflows as Bitcoin slipped below $60,000, lifting year-to-date losses to $4.6 billion.
Bitcoin fell below $59K as ETF outflows and liquidations hit traders, while technical signals keep $60K support in focus this week again.
Metaplanet fell to ¥197 near a 52-week low despite holding 40,177 BTC, raising questions over Bitcoin treasury stock valuations.
Bitcoin faces $11b options expiry as BTC and ETH trade below max pain, with traders watching $60,000 support and downside hedging this week.
On Thursday, Spark and Uniswap revealed the launch of a Stablecoin FX Layer, a shared liquidity infrastructure built on Uniswap v4 designed to enable low-slippage swaps between dollar-pegged stablecoins for institutions, banks, fintechs, and payment providers. $150 Million to Start The initial deployment seeds approximately $150 million in liquidity across two pools on Ethereum mainnet: […]
Quarterly Bitcoin options expiry puts ~$10B at stake, with ~80% OTM and max pain near $72K–$74K. Dealer gamma flips near $68K–$70K may blunt pinning.