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Traders pulled over 204 billion SHIB tokens off exchanges in a single day, a 3.6% jump from the day before, even as demand for Shiba Inu futures contracts slid sharply. Related Reading: Bitcoin’s 4-Year Rhythm Is Still Playing Out, Says Crypto CEO Futures Flow Turns Negative Data from Coinglass shows that futures outflows hit $5.6 million over the past 24 hours, outpacing inflows of $4.74 million. The net gap — roughly $865,790 in closed contracts — effectively removed 156.56 billion SHIB tokens from the futures market in one session. Open interest, which tracks the total value of active futures positions, fell 6% to over $49 million over the same period. The 24-hour futures trading volume also slipped 0.88% to $78.6 million as activity across the derivatives market stayed thin. The pullback in futures demand tracks with SHIB’s price behavior over the past four days, during which the token has barely budged. The coin hasn’t moved more than 2% in either direction, leaving derivative tra
Read full articleA crypto analyst is sounding the alarm that Bitcoin (BTC) is currently executing one of the most painful patterns in its entire market history. According to the expert, Bitcoin has formed a classic Wyckoff Accumulation pattern, a century-old market theory that describes how institutions and the wealthy secretly buy assets at low prices before a […]
Bitcoin saw its lowest levels since the middle of April as BTC price action continued ot diverge from thriving US stock markets.
Texas' Bitcoin reserve initiative could influence energy policy and regulatory frameworks, potentially setting a precedent for other states. The post Texas forms Strategic Bitcoin Reserve Advisory Committee, appoints CleanSpark executive appeared first on Crypto Briefing.
Institutional Bitcoin ownership could centralize control, impacting market dynamics and potentially influencing regulatory and financial strategies. The post Institutions now hold 18.5% of all Bitcoin that will ever exist appeared first on Crypto Briefing.
Bitcoin has clawed back losses to trade near $74,000 after President Donald Trump abruptly announced an end to the U.S. naval blockade of the Strait of Hormuz, easing weeks of geopolitical pressure on crypto and oil markets. In a Truth…
Geopolitical events now heavily influence crypto markets, highlighting Bitcoin's vulnerability to global news cycles and increasing market volatility. The post Strait of Hormuz drama sends Bitcoin on a wild round trip appeared first on Crypto Briefing.
The potential Iran deal could stabilize geopolitical tensions, impacting global trade and energy markets while influencing cryptocurrency trends. The post Trump heads to Situation Room for final decision on Iran deal as Bitcoin holds near $78K appeared first on Crypto Briefing.
Bitcoin's surge reflects optimism in geopolitical stability, potentially influencing broader market confidence and cryptocurrency adoption. The post Bitcoin hits $74,000 as Trump lifts Strait of Hormuz naval blockade appeared first on Crypto Briefing.
