On-chain data suggests that Abraxas Capital, a crypto asset manager, may have sold approximately 1,000 Bitcoin during yesterday’s market decline. According to blockchain analyst EmberCN, the firm deposited the funds, valued at roughly $67.49 million, into the Kraken exchange before withdrawing $52.72 million in stablecoins USDC and USDT. Details of the Suspected Transaction The transaction,
On-chain data reveals that Garrett Jin, the founder of the now-defunct cryptocurrency exchange BitForex, is sitting on an unrealized loss exceeding $11.5 million. The loss stems from a 5x leveraged long position comprising 1,268 Bitcoin (BTC), a trade that has turned sharply against him amid recent market volatility. Details of the Position According to blockchain
Bitcoin traders are finally taking the price selloff seriously. The cryptocurrency’s fear gauge, the BVIV index, shows it. BVIV, which measures the 30-day implied or expected volatility in the cryptocurrency, surged nearly 20% on Tuesday to 46.45%. That’s the biggest single-day spike since Feb. 5, according to data source TradingView. Here’s why it matters. For
In brief Bitcoin dropped nearly 6% today to $67,287—its lowest level since April—as macro fear and institutional selling hit in the same session. U.S. spot Bitcoin ETFs bled $2.43 billion in May, the worst monthly outflow of 2026. On Myriad, odds for a $55K dump just hit 52.6%—a complete reversal from mid-May when the $84K
Bitcoin tumbling to $67,000 may signal a challenging summer ahead as investor capital continues flowing into artificial intelligence (AI) stocks and away from crypto. In a Tuesday report, K33 Research head Vetle Lunde said bitcoin’s weakness reflects fading institutional demand, heavy ETF outflows and growing vulnerabilities in derivatives markets. “Much of the market views the
Strategy, known for its Bitcoin-focused treasury strategy, continues to be a subject of debate among investors regarding its balance sheet. While the company’s extensive stock dilution policy has been criticized, some market commentators note that its Bitcoin assets still constitute a fairly strong collateral structure. According to assessments, Strategy’s 843,700 Bitcoin holdings have a current
In brief Bitcoin treasury firm Strategy sold Bitcoin for the first time since 2022 Monday, offloading 32 $BTC for $2.5 million. Analysts argued that other digital asset treasuries are unlikely to follow suit, with their individual finances a determining factor in whether they sell their crypto holdings. Strategy’s $BTC sale is “showing its Bitcoin holdings
Bitcoin’s latest price action has given bearish analysts more reason to argue that the cryptocurrency is still moving through a deeper correction. Bitcoin has fallen back to $70,000, and selling pressure is building after another failed attempt to hold higher levels. Crypto analyst Crypto Lens has warned that Bitcoin may still need one final move
Bitcoin is breaking down through major technical support while the NASDAQ keeps printing new all-time highs. Chief market strategist Gareth Soloway has mapped out a detailed set of price scenarios covering where Bitcoin could go from here and at what levels he plans to start buying. The Breakdown That Changes the Picture Bitcoin reached the
Bitcoin has fallen below $70,000 as capital continues to flow toward a narrow group of high-performing U.S. equity sectors, according to a new analysis from Binance Research. According to Binance Research, the CBOE Dispersion Index recently reached 42, its third-highest reading on record, a level the firm said points to extreme concentration within the S&P