In a bold and controversial move, blockchain intelligence firm Arkham has revealed Bitcoin wallet addresses it claims belong to Strategy (formerly, MicroStrategy). The software company known for holding the largest amount of Bitcoin. In a post on X, Arkham stated that it had identified an additional 70,816 BTC tied to Strategy’s wallets. Arkham Reveals 87.5% of Strategy’s Bitcoin Stash, Sparking Privacy Debate According to Arkham, this newly identified amount represents 87.5% of MicroStrategy’s total Bitcoin holdings. This includes funds stored with Fidelity Digital’s omnibus custody service. Before, the addresses were never documented as belonging to MicroStrategy, but Arkham claims it made the connection first. The development might have a big influence on Bitcoin’s level of transparency and privacy issues in crypto. All Bitcoin transactions are recorded on a public ledger. It’s now possible to trace ownership, even for large institutions that try to keep their activity under wraps. Source: X… Read More at Coingape.com
The Bitcoin price broke out and is less than 4% away from the current ATH at around $111,980. With this, the star token has again unlocked a price discovery possibility as the volatility or the deviation has been done. As it continues to retest its re-accumulation range successfully, it has been stuck there for 4 straight weeks. Therefore, the BTC price is in an effort to transition into the second phase of price discovery, while the question now appears: Will the bears allow the crypto to surge past $109,800?
The two-week Bitcoin downtrend seems to have reached the end as the price has convincingly broken the resistance zone between $106K and $107.6K. Meanwhile, the bulls are working hard to sustain the levels until the daily close, which could validate a positive reclaim signal, as any dip into $106.6K would likely constitute a retest attempt. This rise occurs when BlackRock’s BTC ETF smashes $70 billion in record time and becomes the fastest fund to surpass this milestone.
Whales Make Huge Moves While Plebs Sleep
The Bitcoin reserve over the exchanges has been constantly dropping since December 2024 and has reached the lowest levels not seen in the past few years. At the same time, the US Bitcoin demand has surged as Coinbase Premium has hit a 4-month high while more than 550K BTC has left the exchanges. This suggests an increase in accumulation, aligning with reduced selling pressure. But the question arises, who is accumulating? Whales or retail investors?
In the past few days, the markets witnessed a couple of BTC price movements, as reported by an anonymous analyst, The Data Nerd
2,671 BTC worth around $291.7 million has been transferred from Bitthumb
A popular whale, 19JMx, withdrew another 200 BTC from Binance
Cucumberland withdrew another 162 BTC worth around $17.7 million
This suggests that the whales have begun to make huge moves, as $291M from Bitthum’s cold wallet storage, plus $39.7M worth of BTC exiting Binance and Cumberland. When liquidity providers reshuffle, BTC’s sound money displays strength, which was seen during the latest price rise. Does this suggest the whales are preparing for the next bullish move?
Here’s Where the 2025 Bitcoin Top Could Be
Bitcoin price just experienced a great short squeeze, clearing the consolidated zone around $106,000. As the bulls are trying extensively to push the price above $110,000, the downside risk after the short squeeze seems to be emerging. However, after a short-term consolidation, the price is expected to rise and mark the market top of 2025.
The historical chart of Bitcoin suggests the token still has more room to grow. Whenever the 200-week SMA crosses the previous cycle’s all-time high horizontal level, the top is usually in. This hints towards more upside potential, which could elevate the BTC price towards the 2025 top, somewhere around $160K to $170 in the coming days.
Therefore, Bitcoin appears to be under the influence of excessive institutional adoption and whale movements. Hence, the token is expected to maintain a strong ascending trend as it may not allow the price to drop below $100K, or until they book their profits.
The post Bitcoin Breaking Out—Can the Bulls Drive the Price Above $110 as Bears May Be Positioned at $109.7K? appeared first on Coinpedia Fintech News
The Bitcoin price broke out and is less than 4% away from the current ATH at around $111,980. With this, the star token has again unlocked a price discovery possibility as the volatility or the deviation has been done. As it continues to retest its re-accumulation range successfully, it has been stuck there for 4 …
Pump.fun is preparing to launch its own token, with plans to raise as much as $1 billion in initial sales. According to some reports, the sale could value the project’s token at around $4 billion.
The token will be offered to both private and public investors. Reports suggest the sale could take place within the next two weeks, although no official date has been announced.
BeInCrypto earlier reported that the launch could take the form of either an airdrop or a Liquidity Bootstrapping Pool (LBP). Each option comes with trade-offs, but the project has not yet disclosed which route it will take.
Speculation around the launch intensified today after Bybit renamed a previously listed token. The token, originally called ‘PUMP’, was tied to PumpBTC, a liquid staking protocol for Babylon.
Bybit changed the ticker to ‘PUMPBTC’, leaving ‘PUMP’ available.
Bybit has renamed the ticker for PumpBTC from $PUMP to $PUMPBTC.
This change is exclusive to Bybit and does not affect listings on other exchanges.
This move triggered fresh discussion within the crypto community, with many pointing to a likely token launch by the Solana-based platform. That speculation has now been confirmed.
Pump.fun has not released further technical or tokenomic details yet.
This is a developing story, and more information is expected in the coming days.
CAKE, the native token of decentralized exchange (DEX) PancakeSwap, is today’s top gainer, defying broader market trends.
The token has recorded a modest 3% gain over the past 24 hours, outperforming leading assets like Bitcoin (BTC) and Ethereum (ETH), which are both down by roughly 1% each during the same period. Technical indicators suggest that the rally could continue as it is backed by significant demand from market participants.
CAKE Climbs as Trading Volume Soars 88%
Amid the lull of the broader market over the past week, CAKE has managed to record gains. Currently trading at $2.48, the token has climbed by 9% since May 31.
This bullish trend continues today, evidenced by the trading volume surge accompanying CAKE’s price growth. The token’s trading volume is up 88% over the past day, pointing to heightened investor interest and growing demand for the DeFi asset.
When an asset’s trading volume rises alongside its price, it signals strong buying interest and confirms the strength of the upward price move. This combination suggests growing investor confidence in CAKE and hints that the upward trend may continue in the near term.
Moreover, readings from the altcoin’s BBTrend indicator support this bullish outlook. Observed on a one-day chart, the indicator is currently at 12.76, posting only green histogram bars since May 9.
The BBTrend measures the strength and direction of a trend based on the expansion and contraction of Bollinger Bands. When it returns red bars (negative values), the asset’s price consistently closes near the lower Bollinger Band, reflecting sustained selling pressure and hinting at the potential for further downside.
Conversely, as with CAKE, when BBTrend values are positive, it typically signals a strong uptrend. At 12.76, the momentum indicator confirms increasing bullish pressure among CAKE holders, suggesting that the current rally may have further room to run.
Bullish Indicators Emerge for CAKE, But Will $2.81 Hold?
CAKE’s rising Relative Strength Index (RSI) lends credence to this bullish outlook. As of this writing, the indicator is at 54.75 and in an upward trend.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
CAKE’s current RSI setup shows a steady rise in token accumulation, a pattern that could drive further price growth.
If current sentiment and volume levels persist, CAKE could extend its gains to $2.81 in the near term.
