Author: boss

Bitcoin ETFs Lose $1.72B in Second-Largest Weekly Outflow Since Launch

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Key Takeaways Bitcoin ETFs lost $1.72B for a 4th straight week, led by Blackrock IBIT’s $1.34B outflow. Ether ETFs shed $168M, while HYPE gained $17M and XRP added $2.6M in fresh inflows. Glassnode data shows ETF outflows at a record pace, signaling more selective allocations. Bitcoin and Ether ETFs Lose $1.89B While HYPE and XRP Draw Fresh Demand The first week of June did not offer the clean reset crypto exchange-traded fund (ETF) investors may have wanted. Instead, the market delivered another sharp split. Capital kept leaving bitcoin and ether…

Bitcoin ETFs See $1.7B Weekly Outflows

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Spot Bitcoin exchange-traded funds (ETFs) recorded about $1.72 billion in net outflows in the week ending June 5, according to SoSoValue data. The outflows extended the streak to four straight weeks of billion-dollar redemptions, dating back to the week ending May 15. Data compiled by Farside Investors shows that the pressure was concentrated across the first three trading days of June, when the funds shed $483.8 million, $519.1 million and $396.6 million, respectively. The ETFs briefly reversed into a $3.2 million inflow on Thursday before Friday’s $325.7 million in outflows. …

Bitcoin Price May Hit $90K as FTX-Era Bullish BTC Signal Flashes Again

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Bitcoin (BTC) is showing a rare divergence between its falling prices and rising momentum, a setup that last appeared around the FTX-era market bottom. Key takeaways: Bitcoin’s second weekly bullish divergence on record is hinting at a rally toward $90,000. The cryptocurrency is also holding near its 200-week SMA, a level that has historically acted as a bottom zone during the 2015, 2018 and 2020 bear markets. Bitcoin’s last bullish divergence preceded a 755% rally As of Monday, BTC’s weekly relative strength index (RSI) was over 34, almost two weeks…

Bitcoin Punches Back Above $63K as Nasdaq Claws Back 1.3% From Worst Drop in a Year – Bitcoin News

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Key Takeaways Strategy purchased 1,550 BTC for $101M Monday as bitcoin recovered above $63,000 from June lows. Bitmine acquired 126,971 ETH last week as total crypto market cap reached $2.19T on June 8. The Clarity Act entered Senate floor debate Monday, with bitcoin watching $65K as the next key level. Institutions Buy the Dip Strategy purchased an additional 1,550 BTC for approximately $101 million, according to data circulating Monday. The move came as bitcoin traded near $63,400 to $63,600, up roughly 3% in 24 hours after a correction that briefly…

South Korea Police Reportedly Raid Bithumb in Lawmaker Hiring Influence Probe

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South Korean police have reportedly raided Bithumb as part of an investigation into alleged nepotism involving independent lawmaker Kim Byung-gi. Kim allegedly attempted to influence employment opportunities for his son at multiple crypto firms, including Bithumb and Dunamu, the operator of rival exchange Upbit, according to a Monday report by News1. Kim’s son joined Bithumb in January 2025 and worked there for about six months, the local outlet reported. Authorities are investigating whether any external pressure or preferential treatment influenced the hiring process. Hiring favoritism and influence-peddling allegations remain politically…

Strategy Buys 1,550 Bitcoin, Expands Holdings to 845,256 BTC

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[Update 18:15 UTC June 8: Adds outcome of Strategy shareholder vote on change in preferred stock dividend payments in sixth paragraph.] Strategy purchased 1,550 Bitcoin for approximately $101.3 million last week, bringing its total holdings to 845,256 BTC. The company paid an average price of $65,332 per Bitcoin for the purchase, according to a Monday 8-K filing with the US Securities and Exchange Commission. Strategy’s aggregate Bitcoin holdings were acquired at an average price of $75,680 per BTC, for a total cost of about $63.97 billion. The latest acquisition was…

Has The Bitcoin Price Crash Ended Or Is This Just The Beginning? Analyst Answers

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Following Bitcoin’s rebound from last week’s dip below $59,000, the market is now weighing whether the recent price crash has finally run its course or if a deeper correction is still ahead. While the recovery has provided some relief across the crypto market, analysts warn that Bitcoin remains in a fragile position as weak demand, cautious investor sentiment, and broader market uncertainty continue to weigh on the price action. According to market experts, Bitcoin’s outlook remains largely bearish despite the short-term bounce. However, analysts also point to a potential silver…

Is Bitcoin Bottoming? MVRV Falls to 1.1, Entering the ‘Cheap Zone’ That Marked Every Major Low Since 2018

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Key Takeaways Bitcoin’s MVRV ratio fell to 1.1, its lowest since March 2023, signaling deep undervaluation. Readings near this level preceded a roughly 67% rally after the 2022 FTX collapse. Cryptoquant warns this cycle differs, so a bottom is not guaranteed despite cheap valuations. A Reading Not Seen Since 2023 Cryptoquant analysts noted that bitcoin’s MVRV ratio has dropped to about 1.1, sitting just above the green undervaluation band that has historically marked major market bottoms. MVRV measures the ratio between bitcoin’s market value and its realized value or roughly,…

Bitcoin is going quantum-proof. Inside BIP-360 and the migration

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For most of Bitcoin’s history, the threat of quantum computers breaking its cryptography was a distant, theoretical worry, the kind of thing dismissed with “by the time that happens, we will have fixed it.” In 2026, the fixing has begun. Summary Bitcoin developers introduced BIP 360, the network’s first quantum-resistant address proposal, as part of a long-term plan to protect funds from future quantum computing threats. A companion proposal, BIP 361, would require vulnerable coins to move to new addresses and could permanently freeze inactive holdings, including coins widely believed…

Strategy buys 1,550 Bitcoin after sale as cash reserve hits $1B

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Strategy has returned to Bitcoin accumulation one week after selling a small part of its holdings.  Summary Strategy bought 1,550 Bitcoin after selling 32 BTC, restoring its holdings above 845,000 coins again. The company raised its dollar reserve to $1 billion, easing near-term concerns over preferred dividends. Bitcoin still trades below Strategy’s $75,680 average cost, leaving its treasury with large unrealized losses. The company bought 1,550 BTC for $101.3 million between June 1 and June 7, paying an average of $65,332 per coin. The purchase raised Strategy’s total reserve to…