As Bitcoin falls to the 70,000 dollar level, unrealized losses in Strategy’s Bitcoin portfolio have exceeded 3.5 billion dollars, with an estimated loss of around 40 billion dollars in value over the past four months.
Hyperliquid is considering using $HYPE assets as collateral in options trading to generate additional yield.
Vitalik Buterin sold a total of 2,961.5 ETH over the past three days at an average price of 2,228 dollars, generating approximately 6.6 million dollars.
Binance’s SAFU fund purchased 1,315 Bitcoin for 100.42 million dollars, while the total purchase target was raised to as much as 1 billion dollars.
Tether lowered its investment round target from the previously announced 15 to 20 billion dollars down to 5 billion dollars.
Open interest in Bitcoin futures has declined by 55 billion dollars over the past 30 days, while BTC futures CVD has fallen by approximately 40 billion dollars over the past six months, with deleveraging continuing.
Bitcoin is trading at 70,640 dollars, while Ethereum is trading at 2,080 dollars.
The Fear and Greed Index stands at 11, indicating extreme fear.
Expected developments during the day:
General Market Data: US weekly jobless claims will be released. General Market Data: Earnings reports from major technology companies will be closely watched.
