Why has $BTC surged so sharply over the past 2 days?
Most of the buying came from ProCap BTC, which purchased 4,932 BTC worth $514.5M.
On June 23, they announced a $1B merger and had raised more than $750M.
In less than a day, they spent $386.5M to buy 3,724 $BTC at an average price of $103,785, causing $BTC to spike nearly 5%.
Just now, they announced that they bought another 1,208 $BTC($128M) at an average price of $105,977.
Most of the buying came from ProCap BTC, which purchased 4,932 BTC worth $514.5M.
On June 23, they announced a $1B merger and had raised more than $750M.
In less than a day, they spent $386.5M to buy 3,724 $BTC at an average price of $103,785, causing $BTC to spike nearly 5%.
Just now, they announced that they bought another 1,208 $BTC($128M) at an average price of $105,977.
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Crypto Insider
Gambler 0x916E was liquidated for 1,057 $BTC($111M) due to the price rebound. In less than a day, he went from a $3.41M profit to a $3.54M loss.
Gambler 0x916E got partially liquidated again!
In just 2 days, he was liquidated 3 times, with a total loss of more than $8.2M.
New liquidation price:
$BTC: $108,473.8
$ETH: $2,457.2
In just 2 days, he was liquidated 3 times, with a total loss of more than $8.2M.
New liquidation price:
$BTC: $108,473.8
$ETH: $2,457.2
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Fed Chairman Powell says Bitcoin and crypto "becoming much more mainstream"
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The gambler has again deposited $4.5M $USDC into HyperLiquid, increasing its $BTC (40x) and $ETH (25x) short positions.
He has already lost $8.989M in this trade and also has a floating loss of $2M.
He has already lost $8.989M in this trade and also has a floating loss of $2M.
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Bitcoin stuck in $100K–$110K range amid low momentum
According to Glassnode, $BTC remains range-bound between $100K and $110K despite recent news-driven volatility.
Futures open interest is declining, signaling cautious sentiment. Without fresh demand and stronger on-chain metrics, a breakout to new highs seems unlikely.
According to Glassnode, $BTC remains range-bound between $100K and $110K despite recent news-driven volatility.
Futures open interest is declining, signaling cautious sentiment. Without fresh demand and stronger on-chain metrics, a breakout to new highs seems unlikely.
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