Bitcoin — Page 3

A rapid dip to $61,300 triggered massive liquidations, followed by a rebound that has traders divided on whether it signals recovery or a bull trap.

Long liquidations dominated the wipeout, while Binance’s BTC balance hit a three-month high of 659,000 BTC.

Jenny Johnson pointed to Benji’s Stellar cost figures and a MoonPay stablecoin workflow as the institutional path.

The note links OECD refinancing needs, Japan yield pressure, and wider swap spreads to a two-stage risk-off then liquidity response.

BTC printed an intraday low near $66,948 as traders refocused on the $66,250 50-month EMA and deeper downside zones.

Ben Nadareski argues onchain yield can scale with institutions if proof of reserves and time locks become standard.

Vice PM Mamuka Mdinaradze cited 133M kWh of 2025 consumption and tasked law enforcement to identify illicit operations.

On-chain losses deepened and “extreme fear” returned, even as $100K+ transfers spiked on the dip.

Options skew and implied vol firmed as traders watched a $68,600 liquidation pocket and AI tokens diverged from majors.

Traders are converging on a $68K–$69K support test, with $72,500 framed as the key reclaim level.

A June 1 13:00 UTC volume spike to 96.26 million drove the breakdown, with $1.20 the next downside level if support fails.

The integration lets Paxos fintech and institutional clients evaluate DOGE, but it does not guarantee listings by Paxos-powered partners.

Analysts flag a potential 10%–20% move after 114 days of compression, but flows and whale behavior conflict.

A June 1 8-K revealed 32 BTC sold in late May, leaving a $14.65M contract hinging on timing rules.

The 8-K marks the first reported Bitcoin disposal since 2022 and coincided with BTC slipping below $72,000.

A $99.62 monthly VWAP supported the fourth straight hold, keeping ATM issuance capacity in focus ahead of June 15 ex-div.

Traders are focused on a tight $72.7K–$74.2K range, nearby $72K liquidity, and a ~$75K CME gap ahead of ISM PMI and jobs data.

The trade printed $1.01 below market as US spot Bitcoin ETFs extended an 11-day outflow streak.

The flow split revived attention on an unconfirmed Ripple-linked $1B SPAC plan to build an XRP treasury vehicle.

Santiment framed the sustained redemptions as a contrarian “bottoming” signal as ETH ETFs extended a 14-session bleed.