Bitcoin fell to around US$61,300, triggering more than US$617 million in long liquidations out of over US$737 million in total positions wiped over 24 hours. The token rebounded about 5.5% to near US$64,700, a recovery that coincided with reports of an Israel–Lebanon ceasefire easing geopolitical risk. Some traders argued the leverage flush may have marked […]
Bitcoin fell to a multi-month low near US$65,000 (AU$100,750), down about 8% from Tuesday’s high, in one of the year’s largest liquidation events. More than US$1.8 billion (AU$2.79 billion) in leveraged positions were wiped out, including US$774 million (AU$1.2 billion) in Bitcoin long liquidations, CoinGlass data showed. Analysts disputed the cause, splitting between weakening Bitcoin […]
Bitcoin fell below US$67,000 (AU$93,800) on June 2 in its steepest one-day drop since February 5, pushing short-term holders to realise losses at their fastest pace since early February. On-chain data showed short-term holders sending 16,400 BTC to Binance at a loss and mid-sized investors moving 8,400 BTC onto the exchange, the heaviest inflows in […]
Standard Chartered analyst Geoffrey Kendrick argued that Strategy’s sale of 32 Bitcoin, disclosed June 1, may mark the start of a stretch of ETH outperforming BTC. Kendrick expects the ETH-BTC ratio to rise to 0.04 by the end of 2026 from about 0.028, implying Ethereum could outperform Bitcoin by more than 40% whether prices rise […]
Strategy, the company formerly known as MicroStrategy, sold 32 BTC for about US$2.5 million at an average of roughly US$77,135 between May 26 and 31, its first Bitcoin sale since December 2022. The timing upended a Polymarket market on whether Strategy would sell BTC by May 31; the trade cleared before the deadline yet was […]
Bitcoin dropped about 3% in 24 hours to US$72,739 (AU$101,107) on May 28, hitting a six-week low of US$72,669 (AU$101,010) and sitting roughly 42% below its US$126,080 (AU$175,251) all-time high. Prediction market Myriad showed 27% odds that Bitcoin closes May below US$70,000, up about 240% in 24 hours; Polymarket’s equivalent market priced the same outcome […]
Sequans Communications has ended its Bitcoin treasury strategy and is returning focus to its IoT semiconductor operations. The company repaid all convertible debt using proceeds from Bitcoin sales and plans to gradually liquidate its remaining 658 BTC. Sequans accumulated more than 3,000 BTC during 2025, but falling prices and financial pressures led to a major […]
Bitcoin traded near US$76,900 after spot BTC ETFs recorded US$1.26 billion in weekly outflows. Combined Bitcoin and Ethereum ETF outflows reached nearly US$2.7 billion over two weeks, according to market summaries. XRP, Solana and HYPE-linked funds still drew inflows, pointing to rotation rather than a full institutional exit. Bitcoin (BTC) traded near US$76,900 (AU$106K) on […]
A New York lawsuit is seeking ownership of thousands of inactive Bitcoin wallets by arguing the assets qualify as abandoned property under state law. The dispute centres on 39,069 dormant Bitcoin addresses allegedly holding about 3.7 million BTC after a year-long effort to locate owners failed. Crypto industry figures and analysts say the case faces […]