Bitcoin (BTC) is up 3.38% in the past 12 hours, attempting to recover from Friday’s brutal correction. Technical and on-chain data show why BTC price revisiting of the all-time high of $111,959.5 or a push higher toward $120,000 is unlikely. Why BTC Price Climbing to $120,000 is Unlikely? In the long run, Bitcoin (BTC) setting up an ATH beyond $120,000 is highly likely as the higher timeframe outlook is largely bullish. On a lower timeframe, the BTC price remains bearish due to three critical signals: Technicals suggest a potential reversal or a short-term correction is due. Whales holding between 100K to 1M BTC are reducing their stack. Blockchain data shows clear profit-taking activity. These key developments suggest that a short-term pause or a pullback is highly likely here for BTC price. Bitcoin’s Weekly Chart Flashes Bearish Swing Failure Pattern The weekly candlestick close shows Bitcoin (BTC) price breached the previous… Read More at Coingape.com
ParaSwap DAO members were split, with some supporting the conditional return of the fees and others voting against the refund.
Bybit confirmed it was behind a proposal requesting that decentralized finance (DeFi) protocol ParaSwap return fees earned from swaps conducted by the Lazarus Group using digital assets stolen from the exchange.
On March 4, a proposal was posted on ParaSwap’s decentralized autonomous organization (DAO) forum asking to freeze and return 44.67 Wrapped Ether (wETH), worth almost $100,000, to a wallet address.
The proposal initially attracted skepticism, with several DAO members calling for verification before advancing the proposal. Bybit shared a verification post on its official X account on March 5, confirming that it was behind the proposal to return the funds.
BloFin strengthens its position as a global leader in futures trading liquidity and slippage control, outperforming mid-tier competitors and matching the performance of top-tier exchanges.
BloFin Exchange has achieved a significant milestone in future market performance, establishing itself as a top-tier competitor in both liquidity and trade execution quality.
According to the latest official data collected via API monitoring from June 16 to June 19, 2025, BloFin’s futures market depth and slippage performance position the exchange alongside long-established industry leaders such as Binance, OKX, and Bybit, further solidifying its reputation among global futures market participants.
Tier-1 Futures Liquidity Achieved, with a Top-Two Global Ranking Across Depth Metrics
In cumulative futures depth at both the 0.1% and 0.05% price deviation levels, BloFin ranked firmly among the top three global exchanges. Its liquidity performance not only outpaced all mid-tier platforms but also closely matched or exceeded several tier-1 competitors.
At the 0.1% depth level, BloFin secured the second position in overall futures liquidity with a total cumulative depth of 92.6 million, surpassing OKX and coming in just behind Binance.
At the 0.05% depth level, BloFin maintained a strong second-place ranking with a cumulative depth of 46.1 million, outperforming both OKX and Binance under tighter market conditions.
These results demonstrate BloFin’s consistent capacity to support high-volume, low-slippage trading activity for institutional participants and large-volume retail users.
Whale-Grade Slippage Control Delivers Execution Quality on Par with Leading Exchanges
In addition to liquidity depth, BloFin exhibited robust trade execution metrics under stress-tested conditions. The exchange delivered highly competitive slippage rates for both BTC and ETH futures, alongside a wide range of over 15 actively traded altcoins, including SOL, XRP, DOGE, PEPE, ADA, and TRUMP.
BloFin’s slippage performance for major assets under two levels of simulated stress remained in line with top-tier platforms, confirming the exchange’s ability to maintain price stability and execution efficiency in volatile or high-demand trading environments. Notably, BloFin also offered lower slippages for trending, volatile altcoins — an area where many mid-tier competitors face significant execution gaps.
A New Global Contender Reshaping the Futures Trading Landscape
BloFin’s performance in this report affirms its standing as a rising leader in the global futures market. By delivering futures market depth and slippage control on par with tier-1 exchanges, BloFin strengthens its appeal to whales, institutional traders, and high-frequency participants seeking deep liquidity and reliable trade execution across both dominant and emerging digital assets.
As the exchange continues its expansion into key global markets and strategic event sponsorships, this achievement further enhances BloFin’s credibility as a serious futures market contender.
About BloFin
BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, Coin-Margined Perpetual Contracts, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MAD
Bitcoin continues to gain traction in the U.S. political landscape, with President Donald Trump’s top crypto advisor, Bo Hines, showing openness to a bold idea—swapping Fort Knox gold reserves for Bitcoin. This potential move could reshape how the U.S. views digital assets and even set the stage for Bitcoin as a national reserve asset.
Bitcoin as “Digital Gold”
Hines, who serves as the Executive Director of Digital Assets for Trump’s campaign, recently spoke about Bitcoin’s significance, calling it “digital gold.” He highlighted the idea that Bitcoin deserves recognition similar to physical gold, reinforcing the belief that the U.S. should be more open to digital assets.
In a recent interview with FOX Business journalist Eleanor Terrett, Hines stated that he is open to discussing the possibility of exchanging Fort Knox gold reserves for Bitcoin, provided it remains budget-neutral.
However, he noted that such a move must be budget-neutral, meaning it should not impact taxpayers or the overall government budget. While no concrete plans are in place, he indicated that the administration is going with innovative ideas in the crypto space.
Lummis’ Push for a Bitcoin Reserve
This discussion aligns with the efforts of Senator Cynthia Lummis, who has long advocated for a national Bitcoin reserve. Lummis previously proposed selling a portion of the Federal Reserve’s gold certificates to acquire Bitcoin.
Her 2024 BITCOIN Act suggested purchasing 1 million BTC, representing about 5% of Bitcoin’s circulating supply.
Although her initial bill did not gain traction, she recently reintroduced the proposal at a Bitcoin conference, reigniting the conversation on integrating Bitcoin into national reserves.
Exploring Other Cryptocurrency Too
The discussion also touched on whether the administration would support altcoins beyond Ethereum, XRP, Solana, and Cardano—four assets Trump previously mentioned in his first national crypto reserve statement.
Hines clarified that while these assets were highlighted due to their market dominance, the administration is open to broader crypto adoption.
Bitcoin Price Analysis
As of now, Bitcoin remains in the spotlight as its price hovers around $84,170 with a market cap hitting $1.67 trillion. Meanwhile, crypto analyst Ali Martinez believes that for Bitcoin to continue its upward trend, it must stay above $94,000. If it breaks this level, BTC could surge to $112,000.
Using pricing bands, we can identify the next key support and resistance levels:
– If #Bitcoin breaks and holds above $94,000, there is a high probability it could surge to $112,000. – If $BTC drops below $76,000, the next critical support levels are $58,000 and $44,000 pic.twitter.com/rXfi1YNu77
However, if the price falls below $76,000, a sharp drop to $58,000 or lower might follow.
The post Trump’s Crypto Advisor Explores Gold-to-Bitcoin Swap— BTC Eying $112k! appeared first on Coinpedia Fintech News
Bitcoin continues to gain traction in the U.S. political landscape, with President Donald Trump’s top crypto advisor, Bo Hines, showing openness to a bold idea—swapping Fort Knox gold reserves for Bitcoin. This potential move could reshape how the U.S. views digital assets and even set the stage for Bitcoin as a national reserve asset. Bitcoin …
