The world’s largest decentralized prediction market platform, Polymarket, suffered a security incident that resulted in the loss of approximately $520,000 to $700,000 in cryptocurrency. In this line, Blockchain investigator ZachXBT first highlighted the suspicious activity on May 22 after noticing large outflows from contracts linked to the platform on the Polygon (POL) blockchain. The incident […]
Crypto liquidation history (screenshot). Source: CoinGlass Data from CoinGlass revealed that short positions had taken the majority of losses across crypto over the 24 hours to the time of writing. “Bears on $BTC are getting SQUEEZED in real-time,” X analytics account Cryptic Trades commented. “While the price is going up, the Open-Interest has dropped by […]
As XRP faces mounting bearish pressure, the asset appears to be entering a consolidation phase following a sharp decline in whale activity across the network. On-chain data from Santiment, shared by cryptocurrency analyst Ali Martinez on May 23, shows that XRP transactions worth more than $1 million dropped from 157 nine days ago to just […]
Bitcoin fell below $77,000 on Monday in Asia as rising oil prices and Treasury yields pressured risk assets, while prediction-market traders continued to price little chance of near-term Federal Reserve relief. The move comes as macro conditions have become less favourable for crypto. The 30-year Treasury yield rose to 5.13%, its highest close since 2007, […]
Bitcoin is currently demonstrating price behavior characteristic of an “early bull market,” according to Fidelity Investments’ Director of Global Macro, Jurrien Timmer. So far, the bulls are refusing to yield despite facing very strong resistance. The head-and-shoulders neckline In a recent update on X, Timmer shared a detailed daily chart outlining Bitcoin’s current market structure. […]
Asset management company VanEck has published a new report that provides an in-depth analysis of Bitcoin (BTC). The report states that the recent rise in Bitcoin was driven by spot market purchases rather than leverage, while the mining sector experienced its longest and deepest hashrate decline to date. According to the report, Bitcoin rose approximately […]
Bitcoin is stuck. It has been trading between $76,000 and $82,000 for weeks with no clean breakout in either direction. Most investors are watching the range with frustration. Analyst Michaël van de Poppe said, “That range brings the ultimate opportunity for altcoins to thrive,” van de Poppe said. “That’s what we start to see.” What […]
For months now the hypothesis has been circulating that the price of Bitcoin could mark new local annual lows in the coming months. This hypothesis has turned out to be incorrect from March onwards, up to today, and apparently several analysts continue to consider it unlikely. However, the discussion becomes more complicated if instead of […]
Institutional crypto activity grabbed market attention again after BlackRock transferred massive digital assets to Coinbase. According to OnchainLens, the asset management giant deposited 1,587 $BTC worth $122.55 million and 17,815 $ETH worth $37.79 million into Coinbase. The move immediately sparked speculation across the crypto market. Traders now wonder whether BlackRock plans further ETF-related adjustments or […]