Topic: #trading
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Bitcoin hits $62.3K as global stocks reach all-time highs
Bitcoin reached $62,295 on Friday, its highest level since June 24, as global equities hit record highs and weak US jobs data boosted risk appetite ahead of the Independence Day holiday.
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Ethereum's oldest wallets dump $52.5M ETH at $1,560 demand line
Four dormant Ethereum wallets sold 33,623 ETH worth $52.5 million near $1,560, testing whether fresh demand can absorb supply from long-term holders exiting after eight years of silence.
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Solana Foundation launches Frontier Traders with tiered rebates for pro traders
Solana Foundation introduced Frontier Traders on June 17, a program that aggregates trading activity across venues and offers tiered rebates and priority infrastructure to high-volume traders, targeting market makers and prop firms.
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Binance launches bStocks on BNB Chain for 24/7 US equity trading
Binance deployed bStocks on June 10, bringing around-the-clock trading of 1:1-backed US equity tokens to BNB Chain via Trust Wallet, eliminating traditional market hours and settlement delays.
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HTX delists USD1 stablecoin, converts balances to USDT
Crypto exchange HTX will permanently remove World Liberty Financial's USD1 stablecoin from its platform and convert eligible customer holdings to Tether at a one-to-one rate beginning June 7, escalating a dispute over frozen blockchain wallets.
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OKX Bitcoin perpetual funding hits -453%, forcing shorts into brutal losses
OKX's Bitcoin perpetual futures funding rate has cratered to -453% annualized, forcing short sellers to bleed roughly 1.3% daily in fees. The extreme divergence from Binance's -0.05% to -0.15% rates creates a 48 to 72-hour window where shorts must capitulate or their bearish thesis must play out.
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DonAlt Sets Bitcoin Floor at $60,000, Dismisses Saylor Sell Panic
Trader DonAlt, who accurately predicted XRP's 700% rally, says Bitcoin is locked in a sideways range with a $60,000 support floor and $82,300 ceiling, and dismisses fears about Michael Saylor's selling as a manufactured panic.
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Nasdaq implied correlation hits record low, raising volatility risk
The Nasdaq's implied correlation has fallen to its lowest level in at least 23 years, suggesting individual stocks are diverging sharply. Traders are betting on continued dispersion, but history shows such extremes often precede sudden re-correlation events and volatility spikes.
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Bitcoin longs defend $70K support as spot ETF outflows hit $1.5B
Bitcoin traders opened long positions to hold support near $70,000 while spot ETF outflows exceeded $1.5 billion over seven days. Analysts warn that negative Coinbase premium signals caution ahead of inflation data.
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Bitcoin Holds $76K–$78K Range as AI Tokens Surge on Altcoin Rotation
Bitcoin remains confined between $76,100 and $78,000 while NEAR and FET post double-digit gains amid sector rotation. Privacy coins sell off as derivatives signal subdued volatility conditions.