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Tag Archives: Bitcoin News

Bitcoin Longs Suffer $150 Million in Liquidations, Derivatives Turning Bearish

As bitcoin dropped below $60,000 on Tuesday, over $150 million of longs were liquidated due to the lack of sufficient margins. Longs, or futures, bet on the price increases any asset would witness, thus causing bitcoin’s long traders to register losses. Now, derivatives metrics show how a bullish sentiment has turned neutral among traders after five weeks. Traders have thus begun moving away from the risks of bitcoin, especially in a time like this. It has been the case since at least June...

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German Government Moves Another 900 BTC, Selling Portions on Coinbase and Kraken

The Bundeskriminalamt (BKA), or the Federal Criminal Police Office of Germany, moved 900 BTC on Tuesday, selling 400 of those to Coinbase and Kraken. Both exchanges received 200 BTC, respectively. On-chain analysis shows a wallet labeled German Government (BKA) moved the assets over three different transactions. While two of those transactions sent assets to exchanges for liquidations, the third transferred 500 BTC to a wallet labeled ‘139Po.’ The reason for the transfer and the relationship...

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Bitcoin Mining Firm Hut 8 Receives $150 Million Investment For Powering AI Use Cases

Hut 8 has secured $150 million from Coatue Management, causing its stock price to rise by at least 4%. Other Bitcoin miners who provide AI-related services also saw their stock values increase because of the news. Soluna Holdings (SLNH) jumped 17%, and Applied Digital (APLD) rose 10%. The investment depicts Bitcoin miners expanding their computational capabilities to AI firms. Miners are trying to increase revenues, which have taken a hit across the board because of the Bitcoin halving. Hut...

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