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Bitcoin falls to $ 109K while short -term holders get $ 11.4 billion in profits

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  • Bitcoin fell to USD 109,000 on Monday in the middle of a slow trade on the day of the fallen, but continues to rise 1.7% in 24 hours.
  • The short -term Bitcoin holders obtained USD 11.4 billion in profits in the last 30 days, intensifying the sales pressure.
  • A temporal delay from the US in the tariffs of 50% of the EU (until July 9) stimulated the night profits in cryptocurrencies and European actions.

    • Bitcoin experienced a slight setback to USD 109,000 on Monday, May 26, navigating slow commercial conditions since traditional US markets. Uu. They remained closed by the Fallen Day holiday.

    Despite this small fall, the main cryptocurrency maintained a strength position, clinging to the profits of a soft increase in the weekend and maintaining temptingly near the historical maximum it reached last week.

    While Bitcoin was consolidated, the digital asset market in general experienced foci of remarkable activity.

    The Coindesk 20 index, which tracks the 20 main digital currencies (excluding Stablcoins, Memecoins and Exchange tokens), highlighted the Decentralized Exchange Uniswap (UNI) as the most prominent of the day, with its token rising 6.6%.

    Chainlink tokens (Link) and Avalanche (AVAX) also recorded respectable 3.3% and 3.4%, respectively.

    These profits were largely materialized overnight, receiving an impulse of a change in the rhetoric of the United States commercial policy.

    President Trump announced Sunday that the implementation of the 50% proposed tariffs to EU products would be delayed until July 9.

    It is a reversal of his Friday statement, in which he requested that tariffs enter into force on June 1 and, consequently, had triggered a massive sale of risk assets, including cryptocurrencies.

    European actions, initially shaken by the tariff threat, recovered with this news of a temporary pardon.

    Benefit wave: short -term holders charge

    Despite the general positive feeling that has recently driven Bitcoin near historical maximums, analysts suggest that cryptocurrency may have entered a more volatile and consolidating phase. T

    Raders are currently digesting the rapid increase of almost 50% since the minimums observed in April, according to a Monday report by Bitfinex analysts.

    An important factor that could limit the immediate rise of Bitcoin is an intensification of the profits by short -term holders.

    The Bitfinex report stressed that this particular group of investors has obtained a substantial amount of USD 11.4 billion in accumulated profits in the last 30 days.

    This figure contrasts with the 1.2 billion dollars for benefits obtained by the same group in the previous 30 -day period, indicating a significant increase in the collection of profits.

    “At these levels, the risk of taking the earnings exceeds the new demand entries,” Bitfinex analysts wrote.

    Unless there is a corresponding increase in the new capital that enters the market to absorb this offer, prices can begin to stagnate or even go back.

    Sailing in agitated waters

    The next few days are considered crucial to determine Bitcoin’s short -term trajectory.

    “The next few days will be key to assess whether the fall to USD 106,000 has established the minimums of the range or if a major restart is expected,” said the Bitfinex report.

    In the event that a more significant setback materializes, a key level of support to monitor is the cost of the fork in the short term, which is currently around USD 95,000.

    This represents the average price to which this group of investors acquired its bitcoin.

    Despite the possibility of agitation and short -term benefits, the underlying perspectives remain constructive, according to analysts.

    They pointed out the strong entries in the Bitcoin ETFs in the US cash, for an impressive total of USD 5.3 billion in May so far, along with the low volatility of the current market and the lack of excessive speculative foam.

    These factors, argue, suggest that Bitcoin is likely to resume his upward trend for the third quarter of the year, after this possible consolidation period.

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    Token FTX rises 14% before the distribution of USD creditors 5 billion

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  • FTX Token (FTT) has risen almost 14% in the last 24 hours, climbing as the market reacts to the latest FTX news.
  • On May 15, FTX announced that its distribution of creditors per USD 5 billion will begin on May 30, 2025.
  • The market reaction aligned with the search for rebound of the main altcoins despite the remarkable feeling of risk aversion.

    • The Token FTX (FTT) rose sharply when the cryptocurrency market reacted to the announcement that FTX, which declared bankruptcy in November 2022, will soon begin the second phase of its payments to the creditors.

    While the main currencies seemed to bounce after cutting the earlier profits in the day, the price of FTT shot 14% to reach maximum USD 1.3.

    The profits occurred when FTX announced that the distribution of USD 5 billion to the creditors will begin on May 30, 2025.

    The optimism around the FTX chapter 11 reorganization plan has helped FTT recover from the minimums observed when FTX implio.

    FTX Token chart of coinmarketcap

    FTX will begin the distribution of creditors per USD 5 billion

    The FTX team, led by administrator John J Ray III, has announced the second distribution of creditors of the cryptocurrency exchange.

    A update Of May 15, he revealed that the funds for the allowed claims of eligible holders will begin to flow to the accounts on May 30, 2025.

    FTX will distribute more than USD 5 billion to the holders of claims allowed, both in their convenience and non -convenience classes.

    According to FTX, eligible creditors are those who have completed the requirements prior to distribution.

    These users must also have been incorporated into selected distribution service providers, Bitgo or Kraken.

    If everything is in order, creditors should receive their part of the 5,000 million dollars of the platforms within 1 to 3 business days.

    John J.Ray III, administrator of the FTX Recovery Trust Plan, said:

    “These first non -convenience classes distributions are an important milestone for FTX. The scope and magnitude of the FTX creditors base make this an unprecedented distribution process, and today’s announcement reflects the outstanding success of the recovery and coordination efforts of our team of professionals. Our approach remains to recover more for creditors and resolve pending claims.”

    The price of Token FTX shoots

    In November 2022, the Token FTX (FTT) experienced a mass sale, and the price collapsed to less than 1 dollar from more than 25 dollars.

    Since then, Token has fought to climb more.

    Despite this, CoinmarketCap data shows that the FTT price has shot at more than 70% since it touched a historical minimum of USD 0.75 on April 17, 2025.

    On May 15, FTX native token rose more than 14% to lead the list of daily winners.

    Although it has lost part of the bullish impulse, FTX Token remains above the psychological level of 1 dollar.

    A volume of 24 -hour operations of 69 million dollars represents an increase of 271%, while market capitalization exceeds 416 million dollars so that FTT is located as the 141st largest cryptocurrency according to this measure.

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    The XRP price falls to $ 2.54, but the open interest reaches $ 5.49 billion, indicating a bullish pressure

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  • The MACD crossing supports the continuation of the upward trend.
  • XRP maintains a key support in USD 2.50, pointing at an objective price of USD 2.71.
  • A break below USD 2.50 could push the price to USD 2.29.

    • XRP has decreased slightly to USD 2.54 in the last 24 hours, but the increase in open interest indicates that traders can be preparing for a possible rebound.

    According to derivative data, the open interest in XRP futures has increased to USD 5.51 billion, its highest level in three months, which suggests greater speculative activity and renewed upward pressure even when the price cools.

    Open interest refers to the total number of active derivative contracts that have not yet been liquidated.

    When it goes up with price fluctuations, or despite them, it usually indicates the entry of new capital into the market and an accumulation of leverage positions.

    Despite the slight pricing, market participants seem to be positioning for a larger movement.

    XRP PriceFountain: Coinmarketcap

    The MACD indicator shows a bullish configuration

    The technical analysis further supports the case of a prolonged rally.

    The MACD indicator (MACD) of mobile sock convergence, a widely followed tool to evaluate the market impulse, shows the XRP MACD line well above its signal line.

    This type of crossing is considered a trigger bullish by many traders.

    The positive configuration of the MACD suggests that buyers currently have control.

    If the impulse continues to increase, XRP could attract more volume, increasing the probability of a price rupture above the current range.

    That said, this scenario would only remain valid if the Token avoids falling below the key support levels.

    The support in USD 2.50 is still crucial

    XRP’s short -term perspectives will depend on their ability to maintain the support zone of 2.50 dollars.

    A new successful test of this level could create sufficient purchase pressure to test the maximum of March of USD 2.71.

    Such movement would further reinforce the upward trend, especially if the open interest and volume continue to increase.

    However, if the price fails to stay above USD 2.50, there is a risk of a deeper setback.

    The next significant support level is found in USD 2.29, which could act as a minimum price in case of an increase in sales pressure.

    Traders change their approach to XRP derivatives

    Although much of the cryptocurrency market in general remains moderate, the higher performance of XRP has displaced attention to its derivative market.

    The strong increase in open interest reflects a renewed appetite for speculative positioning, especially among traders seeking to capitalize short -term price movements.

    The rebound also arrives at a time when XRP has remained largely within the range for several weeks.

    The recent rebound in derivatives may indicate a change in feeling, since institutional and retail investors seek exposure through leverage instruments.

    As always, the sustainability of the rebound will depend on several external factors, including the broader feeling of the market, the regulatory developments around Ripple and the macroeconomic signals.

    But with the increase in open interest and alcist technical patterns, XRP could continue to lead the profits, at least in the short term.

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    XRP ETF tickets could exceed USD 8.3 billion by 2026, according to Standard Chartered

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    • NAV reference points for BTC and ETH ETFs support the prognosis.
    • The final deadline of the SEC for the approval of the XRP ETF is October 12.
    • Polymarket data show a 79% approval possibilities by the end of the year.

    The anticipation of an XRP stock exchange (ETF) is increasing in the cryptocurrency sector as analysts weigh the possible entries, the impacts on the market and the regulatory dynamics.

    While rumors and delays have shaped much of the recent conversation, forecasts based on key institutions now offer a clearer image.

    Standard Chartered Bank projects that an ETF in the XRP cash that lies in the US could attract between USD 4.4 billion and USD 8.3 billion in tickets within its first year, according to the reference points of net assets of assets observed in the ETF of Bitcoin and Ethereum existing.

    This projection, although optimistic, is cautious by others in the market.

    Standard Chartered bases its projection on the ETF reference rates

    Standard Chartered Digital Assets Research Head of Digital Assets, Gendrick, said the NAV capitalization proportions of the ETF to the US cash. UU. Already approved were used to model the possible XRP ETF tickets.

    The Bitcoin and Ethereum Cash ETF currently show NAV of around 6% and 3% of their respective market capitalizations.

    The application of these proportions to the XRP market capitalization results in a range of USD 4.4 billion to USD 8.3 billion.

    Kendrick highlighted the Bitwise ETP data in Europe, where XRP, Solana and Litecoin quote along with BTC and ETH.

    He pointed out that the Altcoins represent a most of the ETP NAV in relation to their market capitalizations, although this may reflect the lowest number of products available for Altcoins compared to Bitcoin and Ethereum.

    The XRP price forecast is reviewed in the middle of ETF optimism

    Based on the entrances ETF anticipated, Standard Chartered forecast A significant increase in the price of XRP.

    The bank expects XRP to rise to $ 5.50 at the end of 2025 and reach $ 8.00 in 2026.

    The objective for 2029 is set at $ 12.25.

    This forecast involves the approval of the XRP ETF and a general continuation of the growth of investment vehicles in digital assets.

    As a comparison, Kendrick said Bitcoin could reach the USD 120,000 in the second quarter of 2025, the USD 200,000 at the end of the year and the USD 500,000 in 2028.

    XRP is expected to maintain the rhythm, although with a lower general adoption and inflation differences.

    The current XRP inflation rate is 6%, compared to 0.8% Bitcoin.

    Bitfinex analysts issue a cautious counterpoint

    Despite the bullish projections, not all market observers are convinced that XRP ETFs generate the same enthusiasm as Bitcoin products.

    Exchange analysts Bitfinex cryptocurrencies argue that investors’ interest may be dispersed in an increasing list of ETF of Altcoins.

    As such, it is possible that XRP does not see entries comparable to those of Bitcoin, even if approved.

    Its caution reflects broader concerns about the saturation of the ETF market and regulatory clarity.

    While Bitcoin enjoys legal clarity as raw material, XRP has faced classification problems and legal disputes that can influence investors’ confidence.

    The schedule for the approval of the XRP ETF is still uncertain

    Several financial companies, such as Grayscale, Wisdomtree, Bitwise, Canary and 21Shares, have presented XRP ETF before the stock exchange and values ​​commission.

    Bitwise’s request was officially recognized on February 18, establishing a maximum period of 240 days, or on October 12, for a final decision.

    This reflects the timeline applied to Bitcoin Cash ETFs in early 2024.

    However, other ETF applications of Altcoins, such as those of Solana and Litecoin, could affect when a decision on XRP is made.

    According to Kendrick, Litecoin can be a priority given its similarity with Bitcoin and its historical treatment as merchandise.

    Polymarket data shows that, from now on, the probability that the XRP ETF be approved for July 31 is 39%, increasing to 79% at the end of the year.

    Analysts such as Eric Bloomberg Balchunas suggest that Litecoin could be the first among the Altcoins to obtain approval, followed by Hbar and, finally, XRP and Solana, which face unresolved security classification challenges.

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    Citigroup foresees that the Stablecoins supply will exceed 1.6 billion dollars

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    • The base estimate places the offer in 1.6 billion dollars; It is up to 3.7 billion dollars.
    • Active stable currency wallets increased 53% year -on -year.
    • Traditional banks press to restrict stable currency emitters.

    The Global Stablecoins market is heading towards a dizzying expansion, and Citigroup projects that the total market capitalization will exceed 2 billion dollars by the end of this decade. In a Report published on Thursday the banking group said that the stablecoins (digital tokens linked to fiduciary coins) could multiply by more than eight from the current level of 240 billion dollars, driven by regulation, institutional adoption and the growing demand for payments and defi. Stablecoins are already widely used for remittances, the generation of performance in decentralized loan platforms and as coverage against inflation in countries with volatile local currencies. His role in the streamlining of cross -border payments has also attracted the interest of central banks and financial technology companies.

    Regulatory clarity is key to growth that exceeds 1.6 billion dollars

    The Citigroup base scenario anticipates that the stable currency supply will reach 1.6 billion dollars by 2030. A more bullish scenario raises that figure to 3.7 billion dollars.

    This growth will depend on the implementation of comprehensive regulations, especially in the United States. The advances of the administration of President Trump have given a new impulse to the legislation centered on the stablecoins.

    Both cameras of Congress are currently examining proposals that could grant traditional institutions, such as the Bank of America, the ability to issue stable currencies backed by US dollars.

    The report emphasizes that strong regulatory support would improve confidence in stable currencies and boost the demand for American treasure bonds, potentially positioning stable currencies as important government debt holders by 2030.

    Tether, the current market leader, already has tens of billions of dollars in treasure bonds, according to his latest reserve disseminations.

    Institutional demand and defi promotes wallet growth by 53%

    The institutional interest is accelerating the popularization of the stablecoins. Only in the last year, the number of active stablcoins wallets increased from 19.6 million in February 2024 to 30 million in February 2025, an increase of 53 %.

    This trend is aligned with the growing role of stable currencies in decentralized finances, cross -border payments and cryptocurrency trade.

    The increase in active wallets highlights the growing participation of users, while the total stable currency supply also increased considerably. Of 138 billion dollars in February 2024, the total supply has reached 225 billion dollars, an year -on -year growth of 63 %.

    Citigroup attributes these profits to greater adoption by retail institutions and users seeking stability linked to the dollar in volatile cryptocurrency markets.

    Traditional banks resist the new emitters

    Despite the increase in demand, not all financial system actors agree. According to reports, some traditional banks have pressed for a stricter control over the broadcast of Stablecoins, with the aim of avoiding what Citigroup describes as “deposit substitution.”

    This refers to the fact that users are transferring funds from their traditional savings accounts to stable currencies, which could alter the conventional banking model.

    Therefore, banks advocate restrictions on which entities can issue stable currencies. Their concern lies in the possibility that these can avoid the banking system and, at the same time, offer profitability with fluid interest and transfers, especially as it improves regulatory transparency.

    The Federal Reserve considers that the stable currencies drive the dollar

    The governor of the Federal Reserve, Christopher Waller, recently commented on the subject, suggesting that the stable currencies linked to the dollar could help reinforce the dominance of the currency worldwide.

    He recognized his current role to facilitate efficient transfers within cryptographic space and highlighted his contribution to financial innovation.

    Waller comments occur in the midst of intense political debates on how to regulate digital assets without suffocating their development or exposing consumers to new risks.

    Since stable currencies are considered more and more integral part of the future financial ecosystem, the Citigroup prognosis describes both the opportunity and the challenge. The trajectory to a multibillionaire market could be underway, but only if the policies adapt to the rhythm of technology.

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    Ripple delays its public price despite the clarity of the SEC and a value of 11.3 billion dollars

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    • Ripple has raised 318.5 million dollars in total, backed by Andreessen Horowitz and others.
    • Acquire Hidden Road for 1,250 million dollars to expand in digital finances.
    • The launch of the stable RLUSD currency positions Ripple for a broader role in the market.

    Ripple has confirmed that he will not make an initial public offer (OPI) in 2025, which marks a notable change after years of market speculation. Despite having resolved a high profile dispute with the US stock and values ​​commission. UU. (SEC), the company behind XRP states that it has no intention of going over. Instead, Ripple focuses on alternative growth strategies, including important acquisitions, while preparing to become a global actor both in traditional and digital finances. The announcement has surprised veteran analysts and investors, who considered an OPI as the next logical step after the legal clarity and solid financial position of Ripple.

    Ripple slows his supter plans despite his financial stability

    Ripple’s decision to delay his IPO comes at a time when the company is possibly better positioned than ever.

    President Monica Long told CNBC that Ripple has billions of dollars in reservations and does not require external capital to finance operations or raise its profile.

    In general, IPO are carried out to ensure financing or increase visibility, but Ripple states that none of these objectives is necessary.

    The company had already considered the possibility of going over, especially after obtaining partial legal clarity in its battle with the SEC.

    Executive director Brad Garlinghouse declared in 2023 that an IPO was not ruled out, but since then he confirmed that the price is not a short -term priority.

    The repurchase of Ripple shares in early 2024 valued the company at 11.3 billion dollars, below the maximum of 15,000 million dollars reached in 2022, indicating a cooling of the previous enthusiasm of investors.

    The repurchases of shares and financing reconfigure the capital base of Ripple

    In January 2024, Ripple repurified shares worth $ 285 million to a reduced assessment, which raises total financing to 318.5 million dollars to date.

    While that figure may seem modest compared to public technological giants, the Ripple sponsors list remains remarkable.

    Among investors are included Andreessen Horowitz, Founders Fund and Google Ventures, indicating that the support of Ripple risk capital remains strong even in the absence of a public contribution.

    The repurchase also offered the first shareholders a partial departure, which suggests that Ripple could be readjusting its investor base in preparation for a longer term strategy that does not depend on an IPO.

    The strategic approach focuses on the acquisitions and stable currencies

    Instead of quoting in the stock market, Ripple is redoubled his efforts in strategic acquisitions to boost his growth. Recently, the company acquired Hidden Road for 1,250 million dollars.

    Hidden Road is a digital asset brokerage platform that processes more than 3 billion dollars in annual transactions. Ripple expects this agreement to significantly strengthen its presence in the global financial ecosystem.

    This acquisition is aligned with Ripple’s efforts to enter the stable currency market.

    The company is preparing to launch Rlusd, a token backed in dollars that could compete with existing currencies such as USDC and Tether.

    By merging traditional financial infrastructure with native cryptocurrency tools, Ripple points to a broader role in cross -border payments and liquidity solutions.

    Ripple’s change raises questions about cryptocurrency IPO trends

    Ripple’s change of direction can also reflect broader market conditions.

    The OPI market has remained warm since 2022, and technology companies are increasingly cautious when it comes to giving it in the midst of macroeconomic volatility and regulatory obstacles.

    Ripple hesitation could be a sign that cryptocurrency companies are re -evaluating the usefulness and risks of public contributions.

    Although there are no immediate plans to go over, Ripple is still a dominant actor in the space of digital assets.

    His legal clarity in the US, its wide associations abroad and its renewed focus on tokenized finances suggest that the company is betting on long -term infrastructure over the short -term market attention.

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    Bybit suffers a 1.4 billion hack

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    • Bybit was exploited for 1.4 billion dollars in ETH, confirms its CEO.
    • Despite the mass loss, Bybit is still solvent and can cover the losses, said Ben Zhou in an X publication.

    Bybit has suffered an important attack, since a hacker stole more than 1.4 billion dollars in ETH and put ETH in Stake.

    The CEO of the cryptocurrency exchange platform, Ben Zhou, confirmed The attack through X on Friday, noting that the attacker exploded a vulnerability that allowed them to empty their cold ETH wallet.

    The news of the attack, one of the largest in market history, made several cryptocurrencies prices react down.

    The price of Ethereum lost part of his intradic earnings, although the reaction remained largely moderate at the time of writing this article.

    Bybit’s CEO states that the exchange is solvent

    Bybit also published an update that details The incident:

    “Bybit detected an unauthorized activity that involved one of our cold ETH wallets. The incident occurred when our cold multifirma wallet of ETH executed a transfer to our hot wallet. Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signature interface, showing the right direction while altering the underlying logic of the intelligent contract. As a result, the attacker was able to obtain control of the cold ETH wallet of affected and transfer their holdings to an unidentified address. ”

    While the exchange was affected by the attack, Zhou said that Bybit “was solvent” and that the exchange can cover these losses. The withdrawals from the exchange were not affected either, he said.

    “Bybit is solvent even if this loss is not recovered by hacking,” published in X. “All customer assets are backed 1 to 1, we can cover the loss.”

    Several blockchain security platforms and researchers, including Zachxbt, noticed that the hacker had already begun to transfer the funds to new addresses.

    Meanwhile, Blockchain Arkham’s intelligence firm advertisement A reward while ecosystem actors try to unmask the identity of the hacker.

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    Nigerian authorities ask for a fine of 79.5 billion dollars against Binance

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    • The federal government of Nigeria sue Binance for a fine of 79.5 billion dollars.
    • The Government demands $ 2 billion in backward taxes for 2022-2023.
    • Binance is accused of tax evasion and operating without a license.

    In an unprecedented escalation of legal confrontations, the federal government of Nigeria has filed a new demand against the cryptocurrency giant, Binance, demanding an amazing fine of 79.5 billion dollars.

    This legal action occurs in the middle of ongoing disputes that have seen Binance entangled in a network of regulatory challenges within the country.

    According to sources Familiar with the new development, the Quid of the demand filed by the Nigerian authorities includes not only the fine of 79.5 billion dollars, but also a demand of $ 2.001 million in backward taxes for the 2022 and 2023 years.

    The Federal Internal Tax Service (FIRS) is pressing specifically to obtain detailed financial records of Binance for these years, stating that the exchange has been illegally operating, contributing to the depreciation of the Naira and not complying with fiscal obligations.

    The case of the Nigerian government against Binance is multifaceted, accusing the exchange of cryptocurrencies of multiple tax evasion and operating charges without the necessary licenses for more than six years.

    The Government had also included money laundering charges, although it later withdrew the charges in October 2024.

    Binance problems in Nigeria

    The legal problems of Binance intensified after the arrest of two Binance employees, Tigran Gambaryan and Nadeem Anjarwalla, in 2024.

    Although Gambaryan, a former IRS agent, was subsequently released thanks to the intervention of the United States and has filed humanitarian demands against Nigeria, Anjarwalla managed to escape from custody and its current location remains a mystery.

    The financial demands in the new demand are substantial, with additional fines and interests calculated based on the credit policies of the Central Bank of Nigeria.

    The government seeks an annual fine of 10% together with an interest rate of 26.75% on unpaid taxes, demonstrating the severity of financial claims against Binance.

    It should be noted that the new demand adds another layer to the already complex relationship between Binance and the Nigerian authorities. The previous accusations have included statements that Binance offered $ 5 million to resolve the case of Gambaryan and address other regulatory violations, although the details in this regard are scarce and Binance has not yet responded to requests for comments on these developments.

    The result of this demand could have significant implications not only for Binance operations in Nigeria, but also for the broader approach to the cryptocurrency industry with respect to compliance and regulatory commitment in the largest economy in Africa.

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    More than $ 1 billion liquids in 24 hours

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    The cryptocurrency has witnessed a mass sale in the last 24 hours, caused by the recent fallcoin fall (BTC) below $ 30,000. As a result, the positions of hundreds of thousands of cryptocurrency merchants were settled. For example, Coinglass data shows that more than one billion dollars have been eliminated in commercial positions in the last 24 hours.

    Multimillionaire elimination

    The operators waiting for a rebound were the most affected by the correction, since the previous day almost 750 million dollars were settled in long positions. Volatility also affected those who bet that cryptocurrencies will fall in a straight line, since almost USD 200 million in short positions were eliminated during the same period.

    With a bearish impulse that took care of the cryptocurrencies, the merchants who tried to timed Ethereum (ETH) suffered their largest liquidations on May 9 with 152,380 ETH for a value of almost 340 million dollars. However, at the time of writing this article, the price of Ethereum has recovered a bit and is at $ 2379.

    Bitcoin is also affected by the fall

    Bitcoin merchants were not saved from the fall of the market, since 11,040 BTC worth $ 333.53 million were decimated when the king’s currency fell below the psychological brand of 30,000 dollars, a level that I had not seen Since July 2021.

    In number three is the decentralized financial payments network (Luna). Coinglass informs that 1.97 million moon have been liquidated, for a value of more than $ 55 million. This was probably related to the problems that the project was experiencing with its stable currency (UST). There will still be more information about this.

    In general, several important merchants were surprised by the fall of BTC below $ 30K. Bitcoin is currently back at $ 31,500. However, it is still questionable if you really have a bottom.

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