Dubai’s property market hit $18.2 billion in sales in May alongside growing tokenization momentum, new regulations and a record $3 billion real estate blockchain deal.

Dubai real estate sales hit $18B in May amid tokenization push

Based on reports, a long-dormant Bitcoin whale made a surprise move this week, 
snapping up 250 BTC for about $26.37 million. It’s the first time this wallet 
has shown activity in two years. Related Reading: Bitcoin To Hit $180,000 In 
2025? Analyst Highlights The Trigger The purchase has stirred talk among 
traders and on-chain analysts alike. Some see it as a sign that big players 
are getting ready for more action in the weeks ahead. Whale Returns After Two 
Years According to Lookonchain data, the same whale pulled 500 BTC out of 
Gemini back in 2022 when Bitcoin was trading near $27,400, a move worth nearly 
$14 million at the time. Now, with BTC hovering around $105,000, the whale’s 
holdings sit on an unrealized gain of over $39 million. That kind of profit 
margin grabs attention. Other large holders often watch these moves closely. 
They wonder if this is the start of a wider trend or just one wallet’s play. A 
whale that had been dormant for 2 years bought another 250 $BTC($26.37M) 9 
hours ago. 2 years ago, this whale withdrew 500 $BTC($13.7M) from Gemini at 
$27,401, now sitting on an unrealized profit of $39M.https://t.co/c0U92isSfc 
pic.twitter.com/vcb4V3M0Uz — Lookonchain (@lookonchain) June 8, 2025 Big Gains 
On Early Bet Early adopters have seen massive upside in Bitcoin over the 
years. This whale’s 2022 withdrawal came just before a multi-year price boom. 
Since then, Bitcoin has climbed nearly 300%. Not everyone can make moves like 
that. Small investors often feel left behind when a wallet this size shifts 
coins. Still, some traders say it can create a ripple of optimism. When big 
holders buy, retail traders sometimes pile in, chasing the same gains. 
Technical Indicators Show Mixed Signals On the charts, BTC seems to be shaping 
an inverse cup-and-handle pattern with a significant neckline at $100,800 
serving as major support. The price has fallen into the handle stage, and a 
dip below $100,800 could propel Bitcoin to $91,000, which coincides with its 
200-day exponential moving average (EMA). Bitcoin&#8217;s relative strength index 
(RSI) is 52, indicating the bullish momentum is fading. A fall below 50 could 
introduce additional selling pressure. For the bulls to regain control, BTC 
must recapture the 20-day EMA resistance, which is just above $105,000. 
Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul 
Says Market Volatility And Liquidations There were some wild price movements 
last week fueled in part by social media battles between US President Donald 
Trump and billionaire Elon Musk. The price of bitcoin fell below $101,000 for 
a moment, causing close to $1 billion in liquidations across futures markets, 
before recovering to above $105,000 within hours. The miner capitulation 
signal was also detected by CryptoQuant’s Hash Ribbons indicator, pointing to 
near-term pain for worse-off miners, but some potential rallies ahead once 
they pulled through. Featured image from Unsplash, chart from TradingView

Bitcoin Whale Breaks Silence With $26 Million Transfer — What’s Going On?

Argentina&#8217;s federal anti-corruption authority has cleared President Javier 
Milei of any wrongdoing for his February support of the cryptocurrency token 
Libra. The office mentioned that his social media endorsement was made in a 
personal capacity without using federal resources. The…

No foul play in Javier Milei’s Libra crypto promo, says anti-corruption office

GameStop stock price will be in the spotlight this week as the company 
publishes its first earnings since it started buying Bitcoin. GameStop stock 
ended the week at $29.58, down 16% from its highest point this year. Its 
market capitalization…

GameStop earnings preview: New Bitcoin game plan faces first test

Since late May—spanning the past 17 days—the price gap for bitcoin in South 
Korea has climbed, topping a 3% difference by month’s end. As of Sunday, June 
8, bitcoin is trading in the country at more than $1,500 above the worldwide 
average. Crypto Prices Break Away in South Korea, Sparking Premium Frenzy 
Bitcoin is currently […]

Bitcoin to Solana: Crypto Prices Stay High Above Global Averages in South Korea

The price of Bitcoin has been in a good recovery form since succumbing to the 
bearish pressure from the ongoing feud between United States President Donald 
Trump and Elon Musk. The premier cryptocurrency climbed above the $105,000 
mark in the early hours of Saturday, June 7. According to the latest on-chain 
data, the Bitcoin price looks set to continue its upward trajectory over the 
next few days. What Negative Leveraged Traders’ Sentiment Means For Price In a 
new post on the X platform, data analytics firm Alphractal shared fresh on- 
chain insights into the recent movement of the Bitcoin price. According to the 
market intelligence firm, the major catalyst of BTC’s latest recovery is the 
sudden shift in the market sentiment. Related Reading: Bitcoin Golden Cross 
Pattern Says The Crash To $100,000 Is Normal – What To Expect Next This on- 
chain observation is based on the Leveraged Traders’ Sentiment, which tracks 
the outlook or positioning of leveraged traders in the market. It provides 
insight into the kind of bets (longs or shorts) that leveraged traders are 
placing in the crypto market and the funding rates of the derivatives market. 
Data from Alphractal shows a rising interest in opening short positions in the 
Bitcoin market, with most retail traders betting on a price decline. 
Ultimately, this on-chain trend suggests that the sentiment in the Bitcoin 
derivatives market is currently bearish. However, Alphractal noted that this 
kind of behavior might not be as straightforward as it looks, as the market 
historically tends to move in the crowd’s opposite direction. Hence, when 
several traders are betting on a Bitcoin price decline, the flagship 
cryptocurrency tends to witness a contrasting market bounce. Alphractal said: 
When sentiment becomes excessively bullish or bearish, the market tends to do 
the opposite. Therefore, this metric is not just a sentiment gauge — it&#8217;s also 
a warning signal for potential contrarian moves that often catch traders off 
guard. According to the analytics firm, this is exactly what is currently 
happening in the Bitcoin market, with the market leader bouncing back despite 
the negative traders’ sentiment. Interestingly, if these leveraged traders 
continue to bet against Bitcoin, the BTC price could potentially ride this 
fresh bullish momentum to a new all-time high. Bitcoin Price At A Glance As of 
this writing, BTC is valued at around $105,700, reflecting an almost 2% 
increase in the past 24 hours. Following the latest resurgence, the premier 
cryptocurrency is now up by more than 1% on the weekly timeframe. Related 
Reading: Bitcoin Recovers From $100K Dip While On-Chain Data Shows Rising 
Miner Activity Featured image from iStock, chart from TradingView