bitcoin
* MicroStrategy faces $6.9B in short positions, but short-seller confidence is decreasing. * Short-interest ratio for MTSR stock has dropped by 50% in 6 months. * MTSR stock price tripled since December 2023, now at $1,656. * Kerrisdale Capital pressures MicroStrategy shares due to Bitcoin ETFs launch. * MSTR outperformed Bitcoin by 469%
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* Semler Scientific acquires 247 BTC for $17M, plans to raise $150M for more. * Following MicroStrategy, Semler sees Bitcoin as inflation hedge and safe haven. * Company aims to enhance shareholder value by adding Bitcoin to balance sheet. * Bitcoin's game theory in action as more public firms adopt MicroStrategy'
bitcoin
* Bitcoin's open interest surged over $2 billion in 3 days, potentially triggering price volatility. * Increased open interest suggests more traders speculating on Bitcoin's price. * Positive funding rates indicate a possible "whipsaw" effect on Bitcoin's price. * Bitcoin's open interest reached $36.
bitcoin
* Bitcoin's price could reach $100,000 before the U.S. election in November. * Standard Chartered analyst predicts $150,000 by year-end with a Trump victory. * Analyst expects fresh all-time-high if Non-Farm Payrolls data is positive. * $150,000 price target by 2024 could put Bitcoin in the $3 trillion
bitcoin
* Kerrisdale Capital shorts RIOT stock, accuses miner of cash burn and shareholder exploitation. * Riot Platforms underperforms peers, declines over 6% while bitcoin rises. * Kerrisdale holds bitcoin as hedge against shorting RIOT. * Riot starts hostile takeover of Bitfarms, becomes large shareholder. * Kerrisdale previously targeted crypto stocks, shorted MicroStrategy. * MSTR stock fell
bitcoin
* Large bitcoin call options bought with $74,000 strike price for June expiry. * Analysts speculate investors betting on price rise above $74,000 by month-end. * Bitcoin options concentrated at $75,000 calls for June expiry. * Highest trading volume on Deribit in $80,000 calls for June expiry. * Increased institutional demand
banking
* Bitcoin could reach $100,000As U.S. banks face insolvency, Bitcoin's value rises. * 63 U.S. banks on brink of collapseCollectively holding $517 billion in unrealized losses. * Bitcoin's rise linked to banking crisisFederal Reserve's emergency measures sparked Bitcoin bull run in 2023. * BTC price
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* Riot Platforms' stock falls after Kerrisdale Capital report on U.S. bitcoin mining industry. * Kerrisdale criticizes Riot's business model, recommends bitcoin ETFs over mining stocks. * Riot's stock down 7.7% to $8.91 per share, 42% YTD. * Marathon Digital and Gryphon Digital stocks also drop.
bitcoin
* Global crypto investment products saw $185M in net inflows last week, with $2B in May. * US-based funds dominated inflows, while Sweden and Brazil saw outflows. * Bitcoin-based funds had $148M in net inflows, while short Bitcoin products had outflows. * US spot Bitcoin ETFs had $170.9M in net inflows, surpassing Grayscale&
bitcoin
* BlackRock and Citadel Securities back new Texas Stock Exchange (TXSE) launch. * TXSE secures $120 million funding, plans to file with SEC by end of 2024. * TXSE aims to attract crypto companies for public listings, focusing on ETFs. * SEC approves spot Ether ETFs, potential launch by end of June. * Competition from
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* Bitcoin hitting $72,000 could trigger mass liquidations and break $75,000 barrier. * Analyst Willy Woo predicts $1.5b shorts liquidated up to $75k and new ATH. * $800m shorts liquidated at $72k, $1.2b above $72,500 resistance. * Bitcoin broke two-week downtrend on June 3, needs $72k support for parabolic
bitcoin
* Bitcoin's 5-day, 30-day, and 50-day SMAs converge, signaling potential breakout. * Bitcoin currently a "Strong buy" at $70,840, trading above SMAs. * Price briefly reached $71,040, eyes all-time high of $73,679. * Bitcoin up 11.93% in the last 30 days, holding above $60,000 support.