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According to data provided by cryptocurrency analytics platform CoinGlass, a massive Bitcoin whale has increased his short position to an eye-popping $515 million on the Hyperliquid platform. In fact, this is now believed to be the largest Bitcoin short ever. As reported by U.Today, the whale opened a short position of $332 million with a 40x…
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The cofounder of GSR is unphased by the latest bout of crypto volatility. Bitcoin’s value proposition remains unchanged, said Alexis Sirkia. Bitcoin may have lost some of its sheen in the last eight weeks, but for Alexis Sirkia, the asset’s value proposition hasn’t changed. In fact, investors are getting a stunning deal on the $1.6…
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CryptoQuant’s head chief says Bitcoin’s bull market could already be over — changing his stance from earlier in the month when he said the Bitcoin bull cycle will be slow but “is still intact.” “Bitcoin bull cycle is over, expecting 6-12 months of bearish or sideways price action,” CryptoQuant founder and CEO Ki Young Ju…
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Gold prices soared to new heights Monday, and renowned economist Peter Schiff marked the occasion by promoting his Bitcoin BTC/USD non-fungible tokens. What Happened: Gold bug Schiff took to X to celebrate a historic moment in the bullion market. “Today spot gold closed above $3,000 for the first time ever,” he wrote. He added that the yellow…
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Michael Saylor’s Strategy is moving faster than Bitcoin itself. The company, formerly called MicroStrategy, has built its entire identity around Bitcoin ownership, stacking up 499,096 BTC on its balance sheet—almost 2.4% of all Bitcoin that will ever exist. But while Bitcoin struggles to hold momentum, Strategy’s stock is soaring, leaving investors questioning whether this is…
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Bitcoin’s nearly $12 billion open interest shakeout earlier this month might be just the catalyst needed for the asset to regain its upward momentum, according to a crypto analyst. “This can be considered as a natural market reset, an essential phase for sustaining a bullish continuation,” CryptoQuant contributor DarkFost said in a March 17 markets…
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Analysts speculate that a whale may have set up a $520 million Bitcoin short 40x leverage position on Hyperliquid as a trap to trigger a massive long. On Mar. 16, a Bitcoin (BTC) whale placed a massive $520 million short position on Hyperliquid (HYPE) using 40x leverage, making it one of the largest known trades…
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Bitcoin price has been stuck in a tight range but historical trends and on-chain data suggest a breakout could be coming soon. Bitcoin (BTC) has been trapped between highs of $84,000 and $82,000 with buyers finding it difficult to push higher. Although the market is still cautious, historical patterns and data point to the possibility…
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Strategy (MSTR) marginally added to its massive bitcoin (BTC) holdings, selling a modest amount of its preferred stock (STRK) to fund the acquisition. The company last week purchased 130 bitcoin for roughly $10.7 million, or an average price of $82,981 each, according to a Monday morning filing. The so-called “BTC yield” is 6.9% year-to-date, according…
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Bitcoin’s nearly $12 billion open interest shakeout earlier this month might be just the catalyst needed for the asset to regain its upward momentum, according to a crypto analyst. “This can be considered as a natural market reset, an essential phase for sustaining a bullish continuation,” CryptoQuant contributor DarkFost said in a March 17 markets…