Tag: Bitcoin

Bitcoin snaps back above $78k in sharp short squeeze

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Bitcoin briefly reclaimed the $78,000 level in a violent short squeeze that added roughly $30 billion to its market capitalization within an hour, before volatility quickly returned. Summary Bitcoin jumped around $1,400 in a single hour to trade back above $78,000 Roughly $25 million in short positions were liquidated during the move Traders remain split on whether the spike marks a sustained breakout or another fake-out Bitcoin (BTC) ripped roughly $1,400 higher in about an hour on Tuesday, spiking back above $78,000 as a wave of forced liquidations flushed out…

Analysts Flag $79K Resistance After $766M Bitcoin Liquidation Wipes May Gains

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Key Takeaways Bitcoin dropped nearly 10% to $74,027 on May 23 as a $766M liquidation event wiped BTC longs. Bitfinex analysts warn $79,000 acts as heavy breakeven resistance, capping near-term BTC recovery. Truth Social pulled its bitcoin ETF applications, citing fee compression and BlackRock’s market dominance. Long BTC Traders Sit Underwater as Bitfinex Report Points to $79K Breakeven Wall According to Bitfinex’s latest report, the May 23 deleveraging event this weekend wiped out $766 million in aggregate positions, including $458 million in longs, marking the largest single liquidation in three…

Bitcoin Analysis: The First Real Top Signal?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin has started to show the first warning signs that a larger corrective top could be forming. In this update, I explain why the rejection below the 21-week EMA matters, which support and resistance levels are now critical, and what would actually confirm that the B wave has topped. We also take a detailed look at Bitcoin seasonality using the MCO Terminal and explore why June has historically been one of the weakest months for Bitcoin performance, especially during midterm election years.…

Bitcoin Burn Wallet Absorbs $8.2M as Unknown User Destroys 107 BTC in Mystery Transfer

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Key Takeaways. Timechainindex.com founder Sani flagged a 107 BTC burn on May 25 worth more than $8.2 million. Bitcoin burn wallet holdings reached 807 BTC, valued at nearly $62.15 million. Counterparty burned 2,131 BTC in 2014, fueling renewed proof-of-burn debate. Bitcoin Burn Wallet Jumps to 807 BTC After Mystery User Burns $8.2 Million According to onchain data, on Monday, May 25, an unidentified wallet transferred 107.1302 BTC valued at more than $8.2 million to what is known as a burn address. In simple terms, a burn address is a public…

TeraWulf’s Kentucky AI build shows miners are abandoning pure Bitcoin economics

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TeraWulf has bought a Kentucky site designed for more than 1 gigawatt of AI and high-performance computing capacity, a move that makes the company’s pivot away from pure Bitcoin mining impossible to ignore. Summary The Muskie Data Campus in eastern Kentucky is expected to support more than 1 GW of data center capacity on a roughly 285-acre parcel inside a 1,000-acre industrial park. TeraWulf says the first 500 MW should begin delivery in the second half of 2028, with a second 500 MW phase targeted for the second half of…

Bitcoin Price Chart Projects BTC to Reach $255K ‘Minimum’ Target

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Bitcoin (BTC) is up roughly 30% from its Feb. 6 low below $60,000 as a multi-year bullish chart pattern suggests BTC price could rise to as high as $220,000 in the coming months. Key takeaways: Bitcoin’s cup-and-handle pattern puts BTC’s minimum target at $220,000, but $74,000 must hold. Bitcoin spot volume has collapsed 81% since October 2025, a precursor to the end of every bear market. Bitcoin’s cup-and-handle pattern targets $220,000 and above Bitcoin price has formed a cup-and-handle (C&H) pattern on the weekly chart, suggesting that a massive upward…

🚨BREAKING BITCOIN NEWS TODAY! THIS IS GETTING CRAZY!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BREAKING BITCOIN NEWS TODAY! THIS IS GETTING CRAZY! 🚨 CoinDuel AI – This AI-powered tool instantly compares tokens using real data — fundamentals, technicals, narratives, and momentum — all in one place. GAIN ACCESS HERE: 🚨 Zach’s Patreon: ✅Full Portfolio Access ✅ Buy and Sell Alerts ✅ Private Discord Community ✅ Watch me build a crypto portfolio from $0 🏆Live calls with Zach 🔥 Get Zach’s Trading Indicator (USE THIS DISCOUNT CODE X ) 30 day money back guarantee! Try it risk…

BITCOIN: This Is Why It’s Breaking Out! (huge) – BTC Price Prediction Today

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Want a free $30,000 bonus + $20 just for signing up? Go here: Or if you prefer a free $8,560 bonus + no KYC: Use my trading bots for free 1. Sign up here: 2. Deploy here: Join my free VIP group here: I’m a full-time crypto trader and investor since 2017, but not a financial adviser. The content in this video, including Bitcoin price prediction today, Bitcoin price prediction 2026, Bitcoin technical analysis, crypto news today, and cryptocurrency topics, is for…

Strategy Cuts $1.5B in Convertible Debt and Grows Bitcoin Holdings to 843,738 BTC

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Key Takeaways Strategy retired $1.5B of 2029 convertible notes for $1.38B cash, an 8% discount to par, on Tuesday. The debt buyback added 4,391 BTC in gains, bringing Strategy’s total holdings to 843,738 bitcoin. Strategy plans to rebuild its $871M USD Reserve through future Digital Capital and equity sales. Strategy Retires $1.5 Billion in Debt at 8% Discount and Adds 24,869 Bitcoin The Tysons Corner, Virginia-based company repurchased $1.5 billion aggregate principal amount of its 0% Convertible Senior Notes due 2029 for approximately $1.38 billion in cash, an 8% discount…

Bitcoin Treasuries Add 603 BTC as Strategy Pauses Weekly Buys

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Smaller Bitcoin treasury firms added 602.6 BTC worth about $46 million last week, even as the largest corporate holders appeared to pause their acquisitions. The purchases included a 381.6 Bitcoin (BTC) acquisition by asset manager and Bitcoin treasury company Strive, 200 BTC bought by global consumer food brand DDC Enterprise Limited, 19 BTC acquired by UK-based web design company The Smarter Web Company (SWC), and 2 BTC bought by AI data center company Hyperscale Data. The buying suggests corporate Bitcoin demand has not disappeared during the latest drawdown, but has…