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Bitcoin News
Bitcoinist
5h
5.5k
Image Credit: Bitcoinist
Bitcoin Profit Taking Explodes: 12x More Gains Than Losses Hitting Exchanges
- On-chain data shows that the ratio between Bitcoin profit and loss being sent to exchanges is approaching euphoric bull market levels.
- The volume of deposits and withdrawals to exchanges has been increasing recently, indicating rising demand for trading activity among investors.
- The average profit from exchange deposits on the Bitcoin network is 12 times larger than losses, aligning with behaviors typically seen in energetic stages of previous bull markets.
- As of now, Bitcoin is priced around $105,800, down nearly 5% in the last seven days.
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Cryptopotato
5h
214
Image Credit: Cryptopotato
Bitcoin (BTC) Benefits from Bullish Bets, Altcoins Punish the Optimists
- Bitcoin has benefited from bullish bets, whereas altcoins have punished optimists in the market.
- There is a growing disconnect in risk appetite between Bitcoin and altcoins, leading to heavy losses for those optimistic about altcoins' performance.
- Investors positioned for Bitcoin's rally saw success, while those optimistic about altcoins faced strong liquidations and downward pressure in the market.
- Some altcoins like GRASS, PENDLE, ONDO, ENA, and SEI are highlighted as potential candidates for significant surges if market momentum continues, despite the broader underperformance in the altcoin market.
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Coin Telegraph
6h
169
Image Credit: Coin Telegraph
How low can the Bitcoin price go?
- Bitcoin has dropped 10% from all-time highs in a week as new support zones emerge.
- Some traders believe the current bull run might be near its end due to diminishing returns over price cycles.
- Key support levels include $105,000, with potential drops to $102,000 and below the six-figure boundary.
- Important support trend lines such as 111-day and 200-day simple moving averages are crucial for evaluating the momentum of the Bitcoin market.
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Crypto-News-Flash
6h
299
Image Credit: Crypto-News-Flash
Paris Saint-Germain Adds Bitcoin to Treasury, Marking Crypto Milestone in Sports
- Paris Saint-Germain (PSG) adds Bitcoin to its financial reserves, making it one of the first major sports clubs to hold the cryptocurrency.
- PSG's move to include Bitcoin in its treasury assets sets it apart from other clubs that have focused on short-term crypto initiatives such as fan tokens and NFTs.
- The club aims to connect with a younger, digitally-savvy audience through its involvement in the crypto ecosystem and plans to support Bitcoin entrepreneurs.
- Pakistan also announced plans to launch a national Bitcoin reserve and allocate surplus electricity for Bitcoin mining, following initiatives in the U.S. to establish crypto reserves.
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Coin Telegraph
6h
341
Image Credit: Coin Telegraph
Why is Bitcoin price down today?
- Bitcoin price fell 2.7% to $105,00 in the last 24 hours due to waning investor demand amidst concerns over US-China trade talks.
- The drop triggered over $210 million in long BTC liquidations, with a reduction in bullish momentum indicated by a bearish divergence from the RSI.
- Decline in demand was noticed as Bitcoin's metrics reached a short-term peak, implying a pause in the current rally.
- High outflows from spot Bitcoin ETFs suggest a shift in interest among institutional investors, leading to sell-side pressure on Bitcoin price.
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Newsbtc
7h
24
Bitcoin MVRV Ratio Signals Price Hot, But Not In Danger Zone Yet
- Bitcoin's MVRV Ratio is currently high but has not reached the extreme danger zone yet.
- Glassnode's latest report discusses how the MVRV Ratio indicates investor profitability compared to their initial investment.
- Bitcoin's price has been trading above the mean level in the MVRV Ratio model, recently breaking above the +0.5 SD line.
- The cryptocurrency has not yet surpassed the +1 SD level in the current rally, indicating that there may still be room for further expansion.
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Bitcoinsensus
7h
164
Image Credit: Bitcoinsensus
OpenSea Launches OS2 Marketplace With Multichain Trading and Rewards
- OpenSea has launched OS2 marketplace, enabling cross-chain trading across 19 blockchains.
- The new 'Voyages' rewards system allows users to earn XP for minting, holding, and trading tokens.
- OpenSea is hinting at an upcoming SEA token drop as part of its strategic moves.
- OS2 represents a significant upgrade with real-time analytics and a focus on becoming a broader liquidity layer for everything tokenized.
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9 Likes
TheNewsCrypto
7h
70
Paris Saint-Germain Becomes First Major Sports Club to Hold Bitcoin
- Paris Saint-Germain (PSG) has become the first sports club to officially include BTC as a treasury asset in its balance sheet.
- PSG acquired Bitcoin last year and still holds it on its books, moving beyond short-term crypto promotions.
- PSG Labs, the club's venture platform, supports Bitcoin startups, aiming to expand the club’s role from branding to active involvement in the crypto ecosystem.
- PSG's move to adopt Bitcoin is driven by its global fan base, exceeding 550 million, with a focus on engaging younger supporters and aligning with digital trends.
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TheNewsCrypto
7h
330
Hyperliquid Whale James Wynn Losses $99M After Bitcoin Plunges to $105K
- James Wynn lost nearly $100M on a high-leverage long position on Bitcoin as it dipped to the $105k range
- His series of unsuccessful high-leverage positions led to liquidation when Bitcoin showed minimal volatility
- Wynn's losses were reported by Lookonchain and Hyperliquid blockchain explorer, confirming the closure of three trading positions
- Despite cautioning against high-risk trades, Wynn's popularity rose in the crypto community following the $99M losses, while another whale profited $17M in contradicting trades
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Bitcoinsensus
8h
140
Image Credit: Bitcoinsensus
Santander Stablecoin in the Works: TradFi Meets Crypto
- Banco Santander is considering launching its own stablecoin as part of its digital asset strategy.
- This move could make Santander one of the first major European banks to provide crypto services directly to retail customers.
- The potential rollout of the stablecoin will depend on the evolution of EU regulations, particularly MiCA, in the coming months.
- Santander's exploration of a proprietary stablecoin signifies a convergence of traditional finance and crypto, indicating a significant development in the digital asset space.
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Blockonomi
8h
123
Image Credit: Blockonomi
Crypto Trader Loses $100 Million in Leveraged Bitcoin Position on Hyperliquid
- Crypto trader James Wynn faced a $100 million liquidation on Hyperliquid due to a failed 40x leveraged Bitcoin position.
- Despite Bitcoin's price remaining within a 2% range, Wynn suffered the liquidation, attracting attention for his trading activities.
- Another trader, known as 0x2258, made $17 million by counter-trading Wynn's positions, showcasing the risks of publicizing large trading activities.
- The overall Bitcoin long liquidations exceeded $200 million in 24 hours, reflecting the increased market volatility amid price fluctuations.
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Livebitcoinnews
8h
133
Image Credit: Livebitcoinnews
Audience Segmentation in CRM Systems for Casinos and Sportsbooks
- Effective player segmentation is crucial for profitable iGaming operations, leading to personalized player experiences and improved engagement rates.
- Behavioral segmentation in CRM systems classifies players based on actions like game preferences and betting patterns, allowing for targeted marketing strategies.
- Key behavioral segmentation approaches include activity frequency, game preferences, bet size, and risk appetite segmentation, yielding higher response rates.
- Lifecycle-based segmentation in CRM systems tracks player lifecycle stages for tailored marketing communication, enhancing player retention and engagement.
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Coin Telegraph
8h
77
Image Credit: Coin Telegraph
Why is the crypto market down today?
- The total crypto market cap fell 2.60% to $3.34 trillion on May 30, driven by stalled US-China trade talks.
- Over $683.4 million in crypto futures were liquidated, with $617.85M in longs intensifying selling pressure.
- The total crypto market cap risks falling toward $3.1 trillion after breaching a descending parallel channel.
- Bitcoin led the market slump after US Treasury Secretary's comments on stalled trade negotiations with China.
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4 Likes
Blockonomi
8h
331
Image Credit: Blockonomi
US-China Trade Tensions Halt as Crypto Market Sees $680M in Liquidations
- US Treasury Secretary Scott Bessent stated that US-China trade talks have stalled.
- US Appeals Court reinstated Trump’s reciprocal tariffs after initially being struck down.
- Altcoins like Ethereum, XRP, and Dogecoin corrected 3-8% amid trade war uncertainty.
- The crypto market saw $680 million in liquidations in 24 hours, with Bitcoin hitting a new all-time high above $111,000.
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19 Likes
TheNewsCrypto
8h
310
Will Bitcoin (BTC) Bounce Back to All-Time Highs or Slip into a Pullback?
- Bitcoin is trading around the $105K range with market cap slipping over 2.91% to $3.32 trillion.
- BTC lost over 2.47% in the last 24 hours, hitting a daily high of $108,910 and a low of around $104,684.
- At present, Bitcoin is trading at $105,302 with a 15.36% increase in daily trading volume, witnessing $214.31 million in liquidations.
- Technical indicators show a bearish pattern for BTC with negative momentum, cautioning a possible further downside or consolidation.
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