MicroStrategy Chairman Michael Saylor and CEO Phong Le made some pressing statements regarding current events and Bitcoin. The duo, who made striking statements about the company’s Bitcoin strategy, new digital credit instruments, and macroeconomic developments, argued that the global financial system is on the verge of an irreversible digital transformation. Michael Saylor, stating that traditional
Bitcoin options open interest on Deribit has reached $31.3 billion, overtaking BlackRock’s IBIT ahead of a $6.25 billion expiry. Deribit’s Bitcoin options open interest climbed to $31.3 billion on May 21, overtaking BlackRock’s IBIT at $27 billion. The reversal comes after IBIT briefly surpassed Deribit in April for the first time since ETF options launched
Billionaire investor Mark Cuban said he has sold most of his bitcoin holdings after losing confidence in the cryptocurrency’s role as a hedge against weakening fiat currencies and geopolitical instability. Cuban, who’s net worth is about $10 billion, said bitcoin’s price behavior during the recent Iran conflict challenged one of the core reasons he owned
Recently Strategy made headlines by saying that it might sell some bitcoin to meet business objectives. This came as a surprise to many people because of what was previously regarded as a hard-lined stance to never sell. Saylor even (jokingly) tweeted stuff like “Sell a kidney if you must, but keep the bitcoin.” The reality
$BTC selling pressure remains strong, keeping prices from reaching a true breakout. On-chain data shows the selling pressure may be coming from older cohorts of whales. On the demand side, $BTC shows robust weekly buying, far surpassing the weekly $BTC production. Institutional inflows remain strong, with Strategy adding 24,869 $BTC in the past week. Based
Demand for Bitcoin ($BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say $BTC’s inability to hold key support levels may be paving the way for a prolonged consolidation. Key takeaways: Bitcoin’s apparent demand fell to -3,138 $BTC, its lowest level in four months. Weak
Bitcoin price sits at $77,808 inside a falling channel that has held since May 6, with a short squeeze quietly building above current price and long-term holders accumulating underneath. Donald Trump’s May 20 pledge to end the Iran war quickly has already started a small short liquidation cascade in crypto. The mechanics favor Bitcoin moving
Bitcoin price stabilized near the $78,000 level on Thursday as easing geopolitical tensions, slowing ETF outflows, and improving technical indicators helped bulls defend a critical support zone. According to data from crypto.news, Bitcoin ($BTC) traded at $77,960 at press time after touching an intraday high of $78,180. The recovery came as broader risk sentiment improved
While major cryptocurrencies like Bitcoin ($BTC) and Ethereum (ETH) are trending downwards, some altcoins are attracting attention with their upward movements. These altcoins include privacy and quantum-resistant altcoins such as $ZEC, QRL, and STRK. As the downward trend continues in the cryptocurrency markets, Qiao Wang, co-founder of Alliance, shared his noteworthy analysis. Qiao Wang, the