Bitcoin Climbs Back To $73,000 As Short Squeeze Wipes Out $246M In Futures Bets
More than $246 million in crypto futures positions were wiped out in a single day as Bitcoin reversed sharply on Thursday, punishing traders who had bet against the market. The leading cryptocurrency climbed back to around $73,300 — a gain of roughly 4.5% over 24 hours — after a stretch of selling had dragged prices into the high $60,000 range. Related Reading: Cardano’s DeFi Boom: TVL Spikes 23% In Less Than 2 Weeks The move carried the hallmarks of a short squeeze. Funding rates had gone deeply negative in the days before the reversal, a sign that bearish bets had piled up on exchanges.....
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Bitcoin’s recent price action may be showing its first signs of relief as a closely watched indicator tied to US demand has just changed direction. The Coinbase Premium Gap has moved back into positive territory following nearly 10 weeks of persistent negative readings, a stretch that coincided with Bitcoin’s decline from around $95,000 to below $65,000 in February. Coinbase Premium Turns Positive The Coinbase Premium Gap, which measures the price difference between Bitcoin on Coinbase, the primary exchange for US-based institutional and retail investors, and its price on offshore....
Daily transaction volume on the XRP Ledger has surged to almost 3 million as of this week, a near-tripling of the approximately 1 million transactions recorded per day in mid-2025, according to data published by Evernorth, the largest public XRP treasury company. XRP Ledger Activity At Record Levels Recent data shows the XRP Ledger is now processing almost 3 million transactions daily, making it one of the busiest periods in the network’s history. The increase places current activity far above levels recorded earlier in the cycle, especially in the mid-2025 months, when XRP was pushing to....
Bitcoin’s extended pullback from its all-time high has left traders in uncertainty, and many investors are unsure whether the worst of the decline has already passed. One analyst known as Jelle on X is of the notion that the conversation may be missing an uncomfortable reality that Bitcoin bear markets often become far more painful than most participants expect. The price data, he argues, supports a more concerning interpretation of how Bitcoin’s current pullback will play out. Related Reading: Bitcoin Climbs Back To $73,000 As Short Squeeze Wipes Out $246M In Futures Bets Current....
Strategy’s stock is trading below the value of its own Bitcoin holdings — an unusual position for a company that has built its entire identity around the cryptocurrency’s rise. Related Reading: Bitcoin Climbs Back To $73,000 As Short Squeeze Wipes Out $246M In Futures Bets A Streak That Keeps Going The Virginia-based firm added 17,994 BTC to its reserves last week, paying roughly $1.28 billion at an average of $70,946 per coin. It was the company’s 102nd Bitcoin purchase and the 11th straight week it has bought more. Strategy’s total Bitcoin stash is now valued at....
The price of Bitcoin put in another interesting performance over the past week, as the global uncertainty continued in the broader financial markets. However, the $74,000 resistance level proved to be unyielding yet again, as the premier cryptocurrency made a fresh play for it as the weekend approached. The investor sentiment in the Bitcoin market seems to be worsening with time, while the bullish momentum appears to be waning after the latest rejection. In fact, recent on-chain data shows that the sentiment is at a low not seen in nearly four years. BTC Fear & Greed Index Falls To 10% For....