A trader with a track record of successful bearish calls exited a large Bitcoin (CRYPTO: BTC) short late Monday as the leading cryptocurrency climbed to $81,000. Traders Exits Before Shorts Get Wrecked The trader closed a 700 BTC position valued at $56.68 million at the time of reporting, incurring a $1.94 million loss after holding for nearly 70 hours.
Strive Asset Management reported a quarterly Bitcoin yield of 4.3% and a yearly performance of 18.7% — figures that came alongside its latest purchase announcement and paint a picture of a firm moving with quiet urgency.
Iran's attack on ships in the Strait of Hormuz and a drone strike on the Fujairah Oil Industry Zone sent Brent crude to $114.44 and WTI to $106.42, while the 10-year Treasury yield climbed to roughly 4.44% and the 30-year broke above 5%. Bitcoin registered an intraday high of $80,717.
Short squeezes, ETF flows, and holder behavior shape Bitcoin's next move.
The debate around the "freezing" of Satoshi Nakamoto's wallets has moved beyond technical forums, becoming the main lever in the dispute over the future of decentralization. For Charles Hoskinson, it became a precedent to summarize Cardano's long-term strategy.
Strive, Inc. has pushed its Bitcoin treasury past 15,000 BTC after its latest purchase added to a months-long accumulation run. According to an 8-K filing with the U.S. Securities and Exchange Commission, the Dallas-based firm bought 444 BTC for $33.
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 credit facility with Falconx at 7.0%, replacing its prior Coinbase agreement.
K Wave Media has redirected up to $485 million from its planned Bitcoin treasury strategy into artificial intelligence infrastructure.
Bitcoin, the worlds leading cryptocurrency, recently climbed to an intraday high of $81,019, according to data from CoinGecko. Despite this upward momentum, BTC remains approximately 35.7% below its all-time high of $126,080 recorded in early October.
Bitcoin (BTC) surged past the $81,000 mark during Asian trading hours on Tuesday, reaching its highest level since late January and confirming a breakout that derivatives traders had been anticipating. The leading cryptocurrency climbed from around $79,000 at the close of U.S. markets on Monday, marking a weekly gain of over 5%.
A crypto market analyst has shared the key levels to watch as Bitcoin (BTC) confirms a key level as support for the first time in months, opening the door to a continuation of its April recovery rally. Related Reading: This Signal Has Predicted Every Bitcoin Bottom, Here's What It's Saying Now Bitcoin EMA Reclaim Signals More Upside Potential After closing the week above a crucial level, Bitcoin jumped 2.2% to break above the $80,000 resistance for the first time since January.
Bitcoin trades near $81K as Ali Charts targets $83K resistance, with ETF inflows, whale buying and weak on-chain activity shaping the rally.