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A market-stress gauge that has marked every bitcoin bottom for more than a decade is reading near 40%, a level reflecting meaningful pressure but stops short of the historical “maximum opportunity” zone. A Line That Keeps Marking Bottoms MorenoDV pointed to an onchain stress measure that he says has lined up with every major bitcoin … Read more
Bitcoin’s slide toward $68,000 on Tuesday reflected a sharp risk-off reset as exchange-traded fund (ETF) redemptions, Strategy’s rare bitcoin sale, and a heavy derivatives flush hit traders at the same time. Market data placed bitcoin’s low at $67,521 on Bitstamp’s one-hour chart as of June 2, with the asset falling from the roughly $73,900 area … Read more
A bitcoin wallet, silent since March 27, 2011, moved 35.55 BTC worth approximately $2.54 million on June 2, 2026, not too long after being named as a defendant in a New York court case that claims nearly 3.8 million dormant bitcoins are legally abandoned property. The Move Noah Doe Likely Did Not Expect Galaxy Research … Read more
A trader on the decentralized prediction market Polymarket lost about $527,000 in a single day after Strategy disclosed its first bitcoin sale since 2022, per Lookonchain. A Bet Settled by an SEC Filing A Polymarket trader identified onchain as ‘willo2’ lost around $527,000 in a day after Strategy’s bitcoin sale was made public. The wager … Read more
The defunct Mt Gox exchange transferred roughly 10,608 BTC, worth about $953 million, to a new wallet, its first large-scale bitcoin movement in eight months and a shift that revived concerns over creditor repayments. The First Big Move in Many Months A Mt Gox-labeled cold wallet moved about 10,608 BTC, valued at roughly $953 million, … Read more
Bitcoin dropped below $70,000 to an eight-week low of $69,390, wiping out $4,000 in value over 48 hours and temporarily pushing its market cap below $1.4 trillion. Massive Liquidations Rock Crypto Traders Bitcoin ( BTC) continued to plunge Tuesday morning, dropping below $70,000 as the fallout from Strategy’s sale of 32 bitcoins continued to rock … Read more
Interactive Brokers strategist Steve Sosnick says crypto’s recent wobble has exposed a “ crypto tourist” problem where money that chased performance on the way up is now heading for the exits. The “ Crypto Tourist” Thesis Speaking on Laura Shin’s “Bits + Bips” podcast alongside co-host Steven Ehrlich, Sosnick argued that much of the capital … Read more
The S&P 500 climbed 0.26% to a record close of 7,599.96, opening the month with fresh all-time highs across major U.S. indexes, even as bitcoin slipped and trailed the equity rally. Tech Leads Indexes to Fresh Records U.S. equities began June on a solid note, as the S&P 500 rose 0.26% to close at an … Read more
CME Group launched 24/7 cryptocurrency futures and options trading on May 29, marking the first time retail and institutional traders can access regulated crypto derivatives at any hour, any day of the week. The Chicago-based derivatives exchange announced the expanded hours on June 1, confirming that more than 7,200 contracts traded over the inaugural weekend, … Read more
Strategy’s 32 BTC sale is not triggering widespread selling pressure, according to an analysis shared by Cryptoquant, but weakening profit indicators suggest investor confidence is fading as fear gains ground across the bitcoin market. Bitcoin Metrics Show Why Strategy’s BTC Sale Is Not Bearish Fear is increasingly shaping bitcoin market sentiment after Strategy (Nasdaq: MSTR) … Read more