What crashed Bitcoin? Three theories behind BTC's trip below $60K

Hong Kong hedge funds’ leveraged BTC price bets are emerging as the main trigger behind Bitcoin’s sharp month-long sell-off. Source link

Bitcoin Caught Between CME Gaps and New Macro Lows: Analysis

Bitcoin (BTC) failed to hold $69,000 as the weekend began amid predictions of fresh macro lows next. Key points: Bitcoin faces a lack of acceptance above $69,000, while traders see new lows to come. Analysis says that the rebound into the weekend was nothing more than a “relief rally.” Two CME futures gaps provide potential…

ETH’s Negative Funding Rates May Not Be A Buy Signal This Time

Key takeaways: Ether dropped 28% in a week to $2,110 as investors cut risk and markets wiped out leveraged traders. Spot ETH ETF outflows reached $447 million as Ethereum network activity fell by 47%. Ether (ETH) plummeted to $2,110 on Tuesday, signaling fragility following a brutal 28% price correction over seven days. Investors retreated into…

Vietnam Draft Rules Propose 0.1% Tax on Crypto Transfers

Vietnam is preparing to introduce a tax framework for cryptocurrency transactions that would align digital assets with securities trading, according to a draft policy circulated by the Ministry of Finance. Under the proposal, individuals transferring crypto assets through licensed service providers would face a 0.1% personal income tax on the value of each transaction, local…

ETH Falls Under $2K, But Whales Accumulate as Retail Traders Capitulate

Ethereum’s native token, Ether (ETH), dropped to a year-to-date low of $1,927 on Thursday, and is currently down more than 60% from its all-time high of $4,950. Analysts said the decline is stress-testing holders’ convictions, and onchain and crypto exchange inflow data point to the start of a bear market. Despite the selling intensity, one…

Ether’s crash leaves $686 million gaping hole in trading firm’s book

An ether ETH$2,048.66 bull was caught leaning hard into the upside this week as the cryptocurrency tanked, turning the whale bet into a multi-million dollar horror story. That bull is Trend Research, a trading firm headed by Liquid Capital founder Jack Yi. The firm spent recent months building a bullish (long) bet worth $2 billion…

BlackRock Bitcoin ETF Posts $231.6M Inflows After Turbulent Week For BTC

BlackRock’s spot Bitcoin exchange-traded fund (ETF) saw $231.6 million in inflows on Friday, following two days of heavy outflows during a turbulent week for Bitcoin. The iShares Bitcoin (BTC) Trust ETF (IBIT) saw $548.7 million in total outflows on Wednesday and Thursday as crypto market sentiment declined to record-low levels, with Bitcoin’s price briefly dropping…

Trend Research Dumps Over 400K as Liquidation Risk Rises

Ethereum investment vehicle Trend Research continued to reduce its Ether exposure, as the latest market crash pushed the treasury company to sell off its assets to pay back loans. It held about 651,170 Ether (ETH) in the form of Aave Ethereum wrapped Ether (AETHWETH) on Sunday. That amount dropped by 404,090, to about 247,080 on…

Nevada Judge Rejects Ex Parte Bid to Halt Coinbase Markets

A Nevada state court denied regulators’ request for an emergency temporary restraining order (TRO) to immediately halt Coinbase’s new prediction market offering. Instead, the court set a hearing for next week so the exchange can respond, according to Coinbase chief legal officer Paul Grewal. The Nevada Gaming Control Board (NGCB) filed a civil enforcement action…

Bitcoin Reclaims $71K, But How Long Will It Hold?

Key takeaways: Bitcoin’s derivatives signal caution, with the options skew hitting 20% as traders fear another wave of fund liquidations. Bitcoin price recovered some of its Thursday losses, but it still struggles to match the gains of gold or tech stocks amid low leverage demand. Bitcoin (BTC) has gained 17% since the $60,150 low on…