Bitcoin’s $72K ‘Fakeout’: $82M Liquidated as Bithumb Faces $40B Error Probe

The decisive election victory by Japan’s Liberal Democratic Party sparked market optimism Monday morning, briefly driving bitcoin above $72,000. LDP Victory Sparks Regional Rally The Japanese Liberal Democratic Party’s decisive electoral victory provided a notable tailwind for both digital and traditional markets Monday, Feb. 9. Japan’s Nikkei 225 briefly surged past the historic 57,000 mark […] Original

Why Some Traders Say Bitcoin’s 21 Million Cap Is Being Diluted Off-Chain

Several X accounts have reignited a long-running debate in bitcoin circles, arguing that a single onchain bitcoin now underpins multiple financial claims across exchange-traded funds (ETFs), futures, perpetual swaps, wrapped tokens, and structured products. The argument, often labeled the “paper bitcoin” theory, draws direct comparisons to gold’s financialization in the 1980s, when derivatives came to […] Original

Struggling DATs, a Resurfacing of Bitcoin’s Shadowy Past, And More – Week In Review

This week’s stories cut to crypto’s foundations. Tom Lee defended ETH treasury drawdowns as structural, not a flaw. The new Epstein file dump reignited scrutiny around Blockstream. Nic Carter showed most Bitcoin devs see quantum risk as distant, but legitimate. Vitalik called time on generic L2s, and Wintermute’s Evgeny Gaevoy argued the industry has stalled […] Original

Bitcoin’s ‘biggest bull catalyst’ would be Saylor’s liquidation: Santiment founder

The Bitcoin market would definitely bottom if Michael Saylor’s Strategy gets rekt, says Maksim Balashevich, founder of the crypto sentiment platform Santiment. “The biggest bull catalyst will be the liquidation of Saylor,” Balashevich tells Magazine. “The bull catalyst is when everything is bad. So bad it cannot be even worse,” the Switzerland-based crypto entrepreneur says. “It will be a final blow. But it’s a bull signal; it is the strongest. It’s like FTX crashing,” he says. When crypto exchange FTX collapsed in November 2022, Bitcoin dropped to around $15,500. By…

Bitcoin’s Lightning Network clears record $1M transfer to Kraken

Secure Digital Markets sent $1M in Bitcoin to Kraken over Lightning, showcasing near-instant, low-fee settlement for institutional-size payments. Summary Secure Digital Markets completed a $1M Bitcoin transaction to Kraken via Lightning on Jan. 28, the largest publicly reported Lightning payment so far. The pilot, powered by Voltage’s enterprise Lightning infrastructure, aimed to test high-value settlement between regulated counterparties with near-zero fees. SDM, Kraken, and Voltage executives say the transfer signals Lightning’s readiness for institutional treasury, venue-to-venue settlements, and faster exchange payments. Secure Digital Markets (SDM) completed a $1 million Bitcoin…

Bitcoin’s drop below $63k sparks BlackRock’s IBIT’s biggest trading day on record

BlackRock’s iShares Bitcoin Trust ETF has hit a new all-time high in daily trading volume as the bellwether cryptocurrency posted one of its largest intraday drops on Thursday. Summary BlackRock’s IBIT set a new daily trading volume record near $10 billion on Feb. 5. Bitcoin dropped as much as 15% intraday as investors digested a plethora of negative headlines. As noted by Bloomberg ETF analyst Eric Balchunas, IBIT reportedly “crushed its daily volume record” on Feb. 5 as nearly $10 billion worth of shares were traded. Last time the fund…

Bitcoin’s Intraday Price Low Skids to $60K, Volatility Spikes, and Traders Brace for What Comes Next

The price of bitcoin sliced through the $61,000 mark on Thursday, sliding to an intraday low of $60,000 per coin on Binance as the day’s selling pressure refused to let up. The steep pullback has rattled investors across the board, with chatter everywhere centering on when—if ever—the pressure finally eases. Bitcoin Sinks 17% in a […] Original

Bitcoin’s Chance Of Returning To $90K By March Is Slim

Key takeawys: Bitcoin fell below $63,000 as weak US job data and concerns over AI industry investments fueled investor risk aversion. Options markets show a 6% chance of Bitcoin returning to $90,000 by March. Bitcoin (BTC) slid below $63,000 on Thursday, hitting its lowest level since November 2024. The 30% drop since the failed attempt to break $90,500 on Jan. 28 has left traders skeptical of any immediate bullish momentum. The current bearish sentiment is fueled by weak US job market data and rising concerns over massive capital expenditure within…