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cryptozoheb
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Whale just bet that the price of
Bitcoin
will go down by placing a $70 million short position.
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According to Glassnode report the open interest of Bitcoin future was approximately USD 39 billion in August 2024. Now about 55 billion$ as of now Open interest is one of the important tools for traders and analysts which give you an insight into the market sentiment and strength of price trends. Increasing Open Interest- It indicates new money entering the market; thus, it is a confirmation of an ongoing trend strength #Bitcoin2025
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Cetus, the leading decentralized exchange (DEX) on the Sui blockchain, has allegedly been compromised. Approximately $11 million worth of SUI tokens were extracted from the SUI/USDC liquidity pool, causing token values to plunge by over 80%
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March 4, 2024, BTC reached a high of $70,200. then experienced a 30% correction by August 5, 2024. By October 28, 2024, BTC surpassed its previous high, climbing 45% to reach $107,000. Afterward, it underwent another 30% correction. As of May 21, 2025, BTC has broken the high from December 9, 2024. If BTC continues to follow this pattern, it could rise to $159,000 before experiencing another major correction.
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Big Drop in Ethereum on Exchanges In the last month, over 1 million ETH (about 5.5% of all ETH) has been taken off exchanges. This means people are moving their ETH to wallets, likely to hold it for a long time. It also shows there less chance of people selling soon.
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Bitcoin Overtakes Google to Become the 5th Largest Asset in the World by Market Cap
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