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Muhammad Shawaiz Amjad
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Bitcoin
just recorded its highest daily close in history!
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Muhammad Shawaiz Amjad
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$BTC $TRUMP Why Is Bitcoin Dumping? Here's Why: 1) Overleveraging in the Market After Bitcoin broke above its all-time high, open interest surged to levels not seen since December 2024. At the same time, funding rates spiked into overheated territory—signaling excessive bullish sentiment. Historically, such conditions prompt whales to crash the market and liquidate overleveraged long positions. 2) Trump’s Tariff Threats Donald Trump announced plans to impose a 25% tariff on Apple and a 50% tariff on EU products starting June 1st. This rattled global markets, causing stock futures to drop—and Bitcoin followed suit. 3) Hawkish Fed Comments A Federal Reserve official suggested that interest rates could be raised if the U.S. faces a fiscal stability crisis. While an actual hike is unlikely, even the possibility was enough to trigger market anxiety. In short: Overconfidence, geopolitical risk, and hawkish signals have combined to spark the latest BTC dump.
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$35 Billion DOGE Going Multichain with Wormhole NTT, Starting with Solana
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🐳 A 40x Bitcoin whale has just opened a massive ETH long position worth $59.9 million at an entry price of $2,666. Looks like an $ETH pump could be on the horizon!
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🇺🇸 BlackRock just acquired 8,000 more Bitcoin worth $877.2M — marking the biggest inflow of the month! $BTC
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$ETH is gearing up for a surge to $3,000!
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