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2026-06-06
37m ago
Wintermute receives 900 BTC worth 55,188,610 USD from unidentified wallet
Blockchain data shows 900 BTC, valued at 55,188,610 USD, was transferred from an unidentified wallet to Wintermute.
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50m ago
US spot bitcoin ETFs end a $4.4B outflow streak, but the rebound is barely positive
US spot bitcoin ETFs halted their slide on Thursday, posting a modest net inflow of $3.05 million. It marked the first day of net inflows since May 14, following 13 consecutive sessions of redemptions that drained roughly $4.4 billion from the group. The day's inflow was marginal: $3.05 million was smaller than any single-day outflow recorded during the streak. BlackRock's iShares Bitcoin Trust (IBIT) led the gains with $47.66 million in net inflows, while products from Fidelity, Bitwise and Ark continued to see net outflows.
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58m ago
Bitcoin Slides Below $60,000 After Blowout Jobs Report; Zcash Rout Rattles Crypto Sentiment
Bitcoin fell through the $60,000 level after a stronger-than-expected U.S. jobs report pressured risk assets. Separately, a sharp selloff in Zcash added to the downside, undermining confidence across the broader crypto market.
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1h ago
Bitcoin Slips Under $60,000, Hits Lowest Since October 2024
Bitcoin dropped below $60,000 on Friday, marking its weakest level since October 2024, CoinDesk reported. The move also undercut the trough seen during February's sharp crypto selloff. Over the past week, BTC is down nearly 20%, and has given back more than half of its gains from the October 2025 peak above $126,000. A mix of forces has been weighing on the market rather than any single catalyst. Reports cited Strategy—long viewed as the largest single buyer of bitcoin—as turning into a seller, dimming expectations for sustained demand. U.S. spot bitcoin ETFs have also stayed in outflow mode. Some investors pulling money from crypto have rotated into AI-linked stocks and sectors that have recently outperformed, reducing incremental support for bitcoin. Macro headwinds are adding pressure. Sticky U.S. inflation and stronger-than-expected jobs data have pushed markets to rethink the Federal Reserve's path. Expectations for rate cuts have faded, with some pricing shifting toward the possibility that the next move could be a hike. The risk-off tone spilled into broader markets. After a run of record highs, U.S. stocks lost momentum, with the Nasdaq falling more than 2% on Friday as appetite for risk cooled and crypto selling intensified. Security concerns tied to AI and quantum computing have also entered the conversation, with investors weighing the potential for advances to expose weaknesses in cryptographic protocols. The report noted that after Anthropic's latest Opus 4.8 model helped identify a critical vulnerability, privacy-focused token Zcash plunged more than 40% overnight. While the incidents were concentrated in a handful of tokens, they heightened sensitivity around protocol security. With bitcoin already trading in a fragile range, additional risk events can more easily trigger de-risking and further selling.
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1h ago
Bitcoin slips below $60,000, erasing post-Trump election gains; buyers lift it back above $61,000
Bitcoin fell through $60,000, undercutting its February 2025 low. The drop to just under $59,750 marked the weakest level since October 2024 and wiped out all gains since the Trump election. Dip buyers stepped in and pushed the price back above $61,000. Traders warned that a break below today's low could set the stage for a "Crypto Black Monday."
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1h ago
RT perry: Saylor to distribute 19% of $MSTR's cash treasury in June; key dates and preferred payouts outlined
RT perry reported that Michael Saylor is set to distribute about 19% of $MSTR's cash treasury in June. Key dates for MSTR: - June 8: Annual shareholder meeting - June 15: Record date / ex-dividend date for all USD series. Investors must be holders of record before this date to receive the June 30 payment. - June 30: Preferred payouts June 30 preferred payouts: - $STRC: ~$81.9M total, $0.9583 per share, monthly - $STRF: ~$34.5M total, $2.50 per share, Q2 quarterly - $STRK: ~$21.4M total, $2.00 per share, Q2 quarterly - $STRD: ~$35.0M total, $2.50 per share, Q2 quarterly Total distributions are estimated at ~$172.8M, reducing Strategy's USD reserve. If $BTC weakness keeps STRC below a $99 average, the coupon would step up by 25 bps to 11.75%.
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1h ago
Bitcoin demand cools, leaving the market's bottoming outlook unclear
CoinMarketCap cited overseas reports saying that after this week's sharp pullback, both market sentiment and on-chain indicators have deteriorated. The report argues that despite Bitcoin moving close to key support, price action still looks more like continued deleveraging and stop-loss driven liquidations than a confirmed market bottom. Bitcoin is down about 16% week-to-date, probing support near $60,000 as risk appetite fades. Santiment data shows sentiment was highly bullish in late May when Bitcoin neared $78,000, but flipped negative quickly after the price slipped below that level. The report notes that euphoria near highs and pessimism during declines are common; the real test for a bottom is whether fresh buying emerges to absorb selling pressure. Demand metrics are weakening. Spot demand fell by roughly 272,000 BTC over the past 30 days, while futures demand dropped by about 229,000 BTC, bringing total demand contraction to around 501,000 BTC. On-chain figures also show losses spreading across supply. More than half of Bitcoin's supply is now in unrealized loss, with about 10.5 million BTC underwater versus roughly 9.8 million BTC still in unrealized profit. Historically, conditions like this have often appeared near major bottoms, but the report says clear signs of long-term accumulation have not emerged this time. The focus, it adds, is less on how many positions are losing money and more on whether buyers are willing to consistently absorb sell pressure; without sufficient demand, additional declines could reinforce further selling. Selling pressure is coming from both long-term and short-term holders. Glassnode data shows that as Bitcoin slid toward $62,000, single-day realized losses climbed to about $1.3 billion. Long-term holders accounted for roughly $770 million, or 59% of the total, suggesting some investors who bought near cycle highs are now exiting at a loss. Short-term holder behavior is also deteriorating. CryptoQuant data indicates that about 53,800 BTC from loss positions flowed into exchanges over the past 24 hours, while inflows from profit positions fell close to zero. The report describes this as the most pronounced loss-dominated short-term exchange inflow since the start of the year. Putting these signals together, the report concludes that Bitcoin remains in a phase where selling pressure has yet to fully clear. Even as prices approach historical zones where buying interest often appears, shrinking demand, a growing share of loss-making supply, and heavier exchange-related selling suggest a near-term bottom still lacks firm confirmation.
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1h ago
Michael Saylor Pushes Bitcoin "Four Ideologies" as Strategy Faces $10.8B Unrealized Loss
CoinDesk reports that Michael Saylor has published a new essay, "Four Ideologies of Bitcoin," as the crypto market slid in early June, a move seen as refocusing attention on the broader Bitcoin ecosystem rather than Strategy's accounting and balance-sheet pressure. The report said that when BTC briefly dipped below $63,000, Strategy's Bitcoin position was sitting on roughly $10.8 billion in unrealized losses. Saylor's article splits the community into four camps and argues the ecosystem needs all of them operating at once: maximalists who defend the core narrative, capital providers who channel Bitcoin into traditional finance, builders who push layer-two development, and decentralization-focused participants who protect foundational principles. At the center of the thesis is the claim that Bitcoin needs both cypherpunks and Wall Street institutions. Saylor argues the network can keep scaling, while the base layer should remain conservative, leaving commercialization and technical experimentation to higher layers. Strategy's balance-sheet position remains under scrutiny. CoinDesk cited that the company holds 843,706 BTC with an average purchase price of about $75,699. Using the market level referenced in the article, that stake is valued at roughly $52.3 billion, implying an unrealized loss of around $10.8 billion. Holdings: 843,706 BTC Average cost: approximately $75,699 Unrealized loss: approximately $10.8 billion CoinDesk also noted that Strategy sold 32 BTC in late May for about $2.5 million, marking what it described as the company's first deviation from its long-running "never selling" messaging. The sale was framed not as a shift in long-term positioning but as a cash-raising measure to pay dividends on STRC preferred shares, which had fallen below par and required the company to secure funds. On the broader market pullback, Saylor attributed part of the weakness to a temporary rotation of capital into AI-related projects. CoinDesk said Strategy has not signaled panic, and investors are watching whether it continues buying Bitcoin during the current correction.
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1h ago
BREAKING: Bitcoin drops to $59,817
BREAKING: Bitcoin drops to $59,817.
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1h ago
Bitcoin Slips Toward $60,000 as $62B Is Wiped From Treasury-Linked Stocks
Bitcoin (BTC) extended its selloff on Friday, falling to its lowest level since early February and keeping broader crypto markets under pressure as bearish sentiment deepened. After topping out at $126,000 last October, the token is now down about 52%, suggesting the move is more than a brief pullback. A fresh jolt to sentiment came from whale-related dynamics and a notable shift by Strategy (MSTR). As previously reported by NewsBTC, the firm sold Bitcoin for the first time in nearly four years, unloading 32 BTC for about $2.5 million. The sale was small relative to market turnover, but traders viewed it as symbolically significant given Strategy's role as the largest public Bitcoin holder and a central figure behind the "never sell" narrative. The drawdown has also hit equities tied to corporate Bitcoin treasuries. Artemis data cited by Bloomberg shows the combined market value of fully diluted Bitcoin treasury company stocks has fallen to about $72 billion, down from nearly $134 billion at the early-October peak. That amounts to roughly $62 billion erased during the downturn. Hayden Hughes, managing partner at Tokenize Capital, said the current backdrop is forcing tough decisions on digital-asset treasury companies as prices unwind. He said firms can face a stark choice between meeting debt obligations or selling assets, and that forced selling undermines the market's earlier assumption that treasury holders would act as permanent buy-and-hold participants. Once that expectation breaks, sentiment can sour quickly and rebounds become harder to sustain. Market analyst Ali Martinez wrote on X (formerly Twitter) that Bitcoin is nearing a potential bottom, pointing to MVRV Pricing Bands as a guide for where support may form. He said the next key support zone sits between $54,000 and $50,000, though reaching that range would imply an additional 17% drop from current levels around $60,444. Featured image created with OpenArt; chart from TradingView.com
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01

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