Key highlights: Bitcoin slipped below $60,000 on June 26 as forced selling from futures liquidations accelerated the move. According to CoinGlass data, there were $253 million in long Bitcoin liquidations over 24 hours, with longs accounting for 92% of all BTC liquidations Leverage.Trading analyst Anton Palovaara said the sell-off was amplified by exchange risk engines […]
Tag: BTC
Key highlights: TD Cowen lowered its price target on Strategy (MSTR) from $400 to $260 The investment bank maintained its buy rating on the stock Analysts said the cut reflects a lower Bitcoin forecast rather than concerns about Strategy’s new capital framework Strategy (MSTR), the world’s largest corporate holder of Bitcoin, is facing a more […]
Key highlights: Bitcoin ETFs have wrapped up a torrid month, marked by record-high outflows BlackRock’s IBIT was the hardest hit in June, losing $3.55 billion Falling inflows forced Citigroup to revise its BTC and ETH estimates downward US-based spot BlackRock’s IBIT bore the brunt of the losses, shedding a staggering $3.55 billion in June alone. […]