Bitcoin hovered under the $63,000 mark late June 3 after a steep selloff 
erased more than $1.2 billion in leveraged crypto positions during the past 24 
hours. Data from Coinglass shows total liquidations reached approximately 
$1.12 billion over the last day, with long traders absorbing the overwhelming 
majority of the damage. Nearly $949 million in […]

Bitcoin hovered under the $63,000 mark late June 3 after a steep selloff erased more than $1.2 billion in leveraged crypto positions during the past 24 hours. Data from Coinglass shows total liquidations reached approximately $1.12 billion over the last day, with long traders absorbing the overwhelming majority of the damage. Nearly $949 million in &#8230;

$1.2B Liquidated as Bitcoin Tests $62.5K Support Amid Sharp Crypto Selloff

SpaceX&#8217;s IPO could reshape market dynamics, highlighting the growing 
intersection of traditional finance and cryptocurrency investments.
The post SpaceX seeks $75B IPO that would be the largest in history, filing 
reveals 18,712 BTC treasury appeared first on Crypto Briefing.

SpaceX&#8217;s IPO could reshape market dynamics, highlighting the growing intersection of traditional finance and cryptocurrency investments. The post SpaceX seeks $75B IPO that would be the largest in history, filing reveals 18,712 BTC treasury appeared first on Crypto Briefing.

SpaceX seeks $75B IPO that would be the largest in history, filing reveals 18,712 BTC treasury

The bipartisan vote signals a shift in congressional power dynamics, 
potentially impacting U.S. foreign policy and military engagement strategies.
The post House votes to end Iran war, rebuking Trump in bipartisan move 
appeared first on Crypto Briefing.

The bipartisan vote signals a shift in congressional power dynamics, potentially impacting U.S. foreign policy and military engagement strategies. The post House votes to end Iran war, rebuking Trump in bipartisan move appeared first on Crypto Briefing.

House votes to end Iran war, rebuking Trump in bipartisan move

Broadcom&#8217;s AI chip expansion highlights the growing demand for specialized 
compute power, underscoring significant financial and strategic stakes.
The post Broadcom CEO confirms 10 gigawatts of AI chip shipments planned for 
2027 appeared first on Crypto Briefing.

Broadcom&#8217;s AI chip expansion highlights the growing demand for specialized compute power, underscoring significant financial and strategic stakes. The post Broadcom CEO confirms 10 gigawatts of AI chip shipments planned for 2027 appeared first on Crypto Briefing.

Broadcom CEO confirms 10 gigawatts of AI chip shipments planned for 2027

HYPE is trading above $70 as the market faces selling pressure and uncertainty that has weighed on most crypto assets throughout recent sessions. The token&#8217;s ability to hold above that level while the broader ecosystem struggles is itself a signal — but Arkham Intelligence data has revealed a pair of institutional transactions that add a specific and deliberate dimension to the current price resilience. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details Galaxy Digital — the institutional digital asset firm founded by Mike Novogratz and one of the most closely watched institutional participants in the crypto market — withdrew 179,000 HYPE tokens worth approximately $12.62 million from Coinbase in the past seven hours. The withdrawal from a regulated US exchange into external custody describes a firm moving assets away from the venue where they can be most easily sold — the behavioral opposite of distribution. Galaxy Digital HYPE transfers | Source: Arkham Simultaneously, a new wallet identified as 0x6436 withdrew another 135,824 HYPE worth approximately $9.73 million eight hours ago. That single transaction brings the wallet&#8217;s two-day total to 399,730 HYPE — approximately $28.92 million accumulated across 48 hours by a single address that did not exist in the data before this week. Two separate institutional-scale participants. Over $40 million in combined HYPE withdrawals from exchanges. Both occurring within hours of each other while the broader crypto market faces selling pressure. The accumulation is not slowing. It is accelerating — and it is doing so at precisely the moment most participants are moving in the opposite direction. HYPE Keeps Attracting Institutional Capital The broader market context makes the Galaxy Digital and 0x6436 withdrawals considerably more significant than their dollar values alone would suggest. Bitcoin has lost critical support levels. Ethereum is struggling below key thresholds. The assets that define market sentiment and direction are under pressure — and the institutional participants who monitor macro conditions most closely are responding to that environment by accumulating HYPE rather than reducing risk. That behavioral divergence has been building since mid-May. While Bitcoin and Ethereum were losing momentum and testing lower support levels, HYPE was quietly establishing a pattern of relative strength that has now extended into a sustained outperformance against the broader altcoin market. Assets that hold their value — and set new all-time highs — during periods when the market leaders are breaking down are expressing something specific about their structural demand that goes beyond short-term price momentum. Related Reading: Ethereum Coinbase Premium Hits Lowest Level Since February – Traders Are Watching The institutional withdrawals from Coinbase confirm that the relative strength is not accidental. Galaxy Digital and the 0x6436 wallet are not buying HYPE because it is the easiest trade in a difficult market. They are buying it because the combination of genuine protocol utility, accelerating ETF adoption, and a16z&#8217;s sustained $170 million accumulation has created an asset with a thesis that does not weaken when Bitcoin does. HYPE trading above $70 while the rest of the market faces selling pressure is the price expression of that thesis being validated in real time — one institutional withdrawal at a time. Bulls Defend Breakout As New All-Time Highs Continue HYPE remains one of the strongest assets in the crypto market, continuing to outperform despite widespread weakness across Bitcoin and most altcoins. The daily chart shows a powerful uptrend that accelerated throughout May, culminating in a fresh all-time high near the $74 area before a modest pullback emerged. HYPE continues with bullish momentum | Source: HYPEUSDT chart on TradingView From a technical perspective, the structure remains firmly bullish. Price is trading well above the 50-day, 100-day, and 200-day moving averages, with all three averages sloping upward and maintaining a healthy bullish alignment. The 50-day moving average near $48 has acted as dynamic support throughout the advance, while the 100-day average around $41 highlights how extended the current rally has become. Related Reading: Chainlink Sends A Rare Signal As 66% Of Exchange Supply Sits On Binance The recent breakout above the previous resistance zone around $60-$65 triggered an expansion in both price and volume, confirming strong demand behind the move. Although HYPE is now experiencing some profit-taking near all-time highs, buyers have so far defended the critical $70 level. Holding above that area would keep the breakout intact and reinforce the possibility of further price discovery. Volume has increased noticeably during the latest leg higher, a constructive signal suggesting institutional and whale participation rather than purely speculative retail buying. As long as HYPE remains above $65-$70, the trend favors the bulls. A decisive break below that zone would likely trigger a deeper correction toward the rising 50-day moving average, but the broader structure remains one of the strongest in the market. Featured image from ChatGPT, chart from TradingView.com

HYPE is trading above $70 as the market faces selling pressure and uncertainty that has weighed on most crypto assets throughout recent sessions. The token&#8217;s ability to hold above that level while the broader ecosystem struggles is itself a signal — but Arkham Intelligence data has revealed a pair of institutional transactions that add a &#8230;

Smart Money Keeps Buying HYPE Despite Rising Market Fear – Price Holds Above $70 Level

The recent Bitcoin price drop and subsequent liquidations highlight increased 
market volatility and uncertainty, impacting future price predictions.
The post Bitcoin price drops to $60k, triggering $1.7B in crypto liquidations 
appeared first on Crypto Briefing.

The recent Bitcoin price drop and subsequent liquidations highlight increased market volatility and uncertainty, impacting future price predictions. The post Bitcoin price drops to $60k, triggering $1.7B in crypto liquidations appeared first on Crypto Briefing.

$1.2B Liquidated as Bitcoin Tests $62.5K Support Amid Sharp Crypto Selloff

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