Massive $1.9 Million Loss Nukes 11 Winning Bitcoin Trades for Whale
A trader closed a 700 bitcoin short position on Tuesday at a $1.94 million loss, erasing all $1.71 million in profits from 11 consecutive winning trades in a single position…
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Hut 8 Taps Falconx for $200M Facility, Drops Rate to 7% and Boosts BTC Access
Hut 8 Corp. has entered into a $200 million, 364-day bitcoin-backed credit facility with Falconx, replacing its previous arrangement with Coinbase Credit. Key Takeaways: Hut 8 secured a $200 million…
Bitcoin Breaks $81,000 Behind ETF Inflows, Iran De-escalation and a Short Squeeze
Bitcoin climbed above $81,000 on Tuesday for the first time since January, powered by $2.44 billion in April ETF inflows, geopolitical relief following the U.S.-Iran de-escalation, and a short squeeze…
Yen Carry Trade on Steroids? Strategist Flags Bitcoin-Linked STRC Yields
Wall Street may be underestimating a bitcoin-linked carry trade resembling the yen carry trade as capital shifts from Fed funds to higher-yield income products. Strategy’s STRC shows an 11.52% effective…
UAE Intercepts Missiles as Bitcoin Surges Past $80K, Triggering $270M Liquidations
On May 4, bitcoin reclaimed the $80,000 threshold, hitting a three-month high of $80,617 and pushing its market cap past $1.6 trillion. Key Takeaways Bitcoin hit a 3-month peak of…
Blackrock IBIT Drives Inflows as Bitcoin ETFs Post $163M Weekly Gains
A volatile week in crypto exchange-traded funds (ETFs) ended on a strong note for bitcoin, where a late surge in inflows reversed an otherwise weak start. Ether, meanwhile, extended its…
Gamestop Bids $56B for Ebay, Leveraging $519M Bitcoin Treasury
Gamestop has made an unsolicited $55.5 billion offer to acquire Ebay, backed by a $20 billion bank commitment alongside a $519 million bitcoin treasury that CEO Ryan Cohen quietly built…
$150 Million in Crypto Shorts Liquidated in 60 Minutes as Bitcoin Clears $80,000
Over $150 million in crypto short positions were wiped out in a single hour on May 4, 2026, as bitcoin’s breach of $80,000 triggered one of the sharpest short squeezes…
Bitcoin Hits $80,000: Massive Short Squeeze and Institutional Buying Drive $96K Target
Bitcoin crossed $80,000 on May 4, 2026, snapping weeks of range-bound trading as institutional buying and a mass short liquidation combined to push the leading cryptocurrency past its most-watched resistance…
Dormant Wallets Spend 793 BTC Over 72 Hours as Bitcoin Crosses $79,000
Onchain data shows 793.36 sleeping bitcoins changed hands between May 1 and May 3, 2026, with a notable portion traced back to wallets that had not moved coins since 2011.…