Bitcoin (BTC) — Onchain News & Whale Tracking

Whale James Wynn's Bitcoin Long Position Unrealized Loss Expanded to $1.35 Million, Liquidation Price $104,150

On June 2nd, based on on-chain data, whale James Wynn's newly established 40x Bitcoin long position today has witnessed its unrealized loss expand to $1.35 million, and the liquidation price is $104,150. Currently, the size of the long position is $98,679,475.37, with an entry price of $105,890.3.

Bank of America: Weakening Dollar Will Benefit Bitcoin and Gold

On June 2nd, an analysis by Bank of America stated that trade policy uncertainties and high debt levels may continuously impose pressure on the US dollar. High-frequency data indicates that the economy may be decelerating, which could potentially result in a further depreciation of the US dollar during this summer. Meanwhile, due to rising inflation expectations and the Federal Reserve's incapacity to take significant measures, this trend may be beneficial to dollar-denominated assets such as gold and Bitcoin.

Whale James Wynn's Bitcoin Long Position is Currently at a $950,000 Unrealized Loss

On June 2nd, based on on-chain data, since the whale James Wynn reopened his 40x leveraged Bitcoin long position today, Bitcoin has been in a continuous decline. Currently, his Bitcoin long position is facing an unrealized loss of $950,000, and the liquidation price is $104,580.

Bitcoin Drops Below $105,000

On June 2nd, based on HTX market data, Bitcoin dropped below $105,000, and the 24-hour percentage change narrowed to 0.64%.

Whale James Wynn Opens 40x Bitcoin Long Position Again, Liquidation Price at $104,580

On June 2nd, according to the monitoring of ai_9684xtpa, whale James Wynn announced the opening of a 40x long position in BTC for the "Nth" time after leaving. Currently, he holds a total of 944.93 BTC, which is worth 100 million US dollars. The opening price is 105,890.3 US dollars and the liquidation price is 104,580 US dollars.

Bitcoin Volatility Drops to 1.81%

On June 2nd, the volatility of Bitcoin dropped to 1.81%, staying close to the average level since the end of February this year.
BlockBeats Note: High Bitcoin volatility is typically related to speculative trading and the FOMO sentiment among retail investors. When volatility declines, it may suggest a reduction in short-term speculators, and the market enters a consolidation phase or a "cooling-off period." Additionally, Bitcoin price volatility is often tied to macroeconomic events such as inflation expectations, interest rate fluctuations, or geopolitical risks. When these external factors stabilize, Bitcoin's volatility may subsequently decrease.

Matrixport: Historical June Bitcoin Average Return Stands at Only 1.9%, Signifying High Volatility

On June 2nd, Matrixport disclosed its daily chart analysis, indicating that historical records demonstrate that June typically is one of the months with relatively stable Bitcoin performance and high volatility. The average return is only 1.9%, and there is a 50% probability of an upward trend. In contrast, October, as the most powerful month in terms of Bitcoin's seasonal performance, exhibits more prominent advantages. The market trend of last year served as an important reference point: Bitcoin declined by 7.1% in June. Although there was a slight rebound of 3.1% in July, it was followed by another 8.7% decrease in August. Based on the weakened seasonal momentum, Matrixport adjusted to a more cautious trading strategy last week. Both the current data and market performance are in line with this assessment.

Bitcoin Surges Above $105,000

On June 2nd, according to HTX market data, Bitcoin rebounded and exceeded $105,000. It had a 24-hour increase of 0.76%.

Bitcoin Holds $10.55K Key Level, Analyst Says Long-Term Outlook Still Bullish

On June 2nd, according to TheBlock report, BTC Markets crypto analyst Rachael Lucas stated, "The Bitcoin price is currently at a psychological and technical 'key level,' which has the potential to determine the success or failure of the bull market. Indicators such as the RSI and MACD suggest that the strong bullish momentum is beginning to wane, at least for the time being. Nevertheless, the long-term outlook remains positive. We may be in the initial stage of a new super cycle. Bitcoin's support around $103,000 is relatively firm, with a more stable bottom support around $97,600." Lucas outlined two possible scenarios for Bitcoin in the coming days: "If Bitcoin can maintain the $103,000 to $105,000 range, it is likely to make another attempt to reach $115,000. Conversely, if it drops below $103,000, it may lead to a more significant pullback, with target prices in the $93,000 to $97,000 range. The latter scenario should not be regarded as the end of the overall uptrend but rather as

Bitcoin broke through $105,000 this morning and is currently priced at $105,651.

On June 2nd, based on HTX market data, Bitcoin exceeded $105,000 this morning. It is currently trading at $105,651, with a 24-hour increase of 0.93%.

Overall Bitcoin Futures Open Interest Drops to $72.03 Billion

On June 1st, based on Coinglass data, the total open interest of Bitcoin futures contracts on the network amounts to 687,740 BTC (approximately $72.03 billion). Among them, the open interest of CME's Bitcoin contract is 158,310 BTC (approximately $16.56 billion), ranking first; the open interest of Binance's Bitcoin contract is 118,690 BTC (approximately $12.43 billion), ranking second.

Analyst: Bitcoin Fundamentals Still Bullish, Long-Term Holders Continue to Accumulate Creating "HODL" Support

On June 1st, CryptoQuant analyst Axel Adler Jr. made a post stating, "Although there was a brief pullback in the Bitcoin price to the range of $103,000 - $104,000, the fundamentals still remain bullish. Exchange reserves continue to decline, corporate buying pressure persists, and long-term holders keep accumulating, thus forming a market bottom 'buffer'. " At the same time, the macro situation is presenting mixed signals. The easing of PCE inflation has alleviated some of the policy pressure on the Federal Reserve. However, tariff uncertainty and rising yields have reinforced a 'risk-off' atmosphere, which has suppressed the market's willingness to grow. The basic scenario for next week is that the Bitcoin price will trade sideways between $103,000 and $110,000 until new driving factors emerge. If trading volume expands and the momentum breaks by 20%, along with a breakthrough above $110,000, it can confirm that the market is ready to test the range of $115,000 - $120,000. On the co

Michael Saylor has released Bitcoin Treasuries information, hinting at a potential BTC accumulation strategy.

On June 1st, the founder of Strategy, Michael Saylor, once again posted information regarding the Bitcoin Tracker. He mentioned, "Orange is my preferred color." Based on past trends, Strategy always discloses information about Strategy's additional Bitcoin purchases on the day following the release of relevant news.

BiyaPay Analyst: Blockstream CEO Boldly Predicts Bitcoin Could Reach $1 Million Within 5 Years, Are You Ready to Hodl?

On June 1st, the Cypherpunk legend and CEO of Blockstream, Adam Back, recently forecasted that the price of Bitcoin will hit a brand new all-time high of $1 million within the next five years. This forecast is founded on Bitcoin's scarcity as "digital gold" and its ever-growing significance within the global financial system. With mainstream institutions and retail investors continuously amassing, the value potential of digital assets is being gradually unlocked. As a premier multi-asset trading wallet platform, BiyaPay offers users a convenient and secure avenue for digital asset transactions, supporting Bitcoin and various mainstream cryptocurrencies, and also encompassing investments in the US and Hong Kong stock markets. BiyaPay enables users to seize investment opportunities during the rapid growth of digital assets through zero-fee spot and contract trading, real-time exchange rates, and efficient cross-border fund transfers. In the context of Bitcoin increasingly being regarde

Czech Minister of Justice Resigns Amid Bitcoin Donation Scandal Involving Drug Trafficker, Involving Nearly $45 Million

On June 1st, as reported by Cointelegraph, Czech Justice Minister Pavel Blazek announced his resignation following a scandal regarding his department's handling of Bitcoin. The Bitcoin in question, which was valued at nearly $45 million, was originally donated by a convicted drug dealer. The Czech Ministry of Justice stated that it had raised nearly 1 billion Czech crowns (approximately $45 million) through the auction of nearly 500 bitcoins. These funds were originally intended to support projects such as digitizing the justice system, combating drug use in prisons, and improving prison guard housing conditions. However, the source of this cryptocurrency was Tomas Jirikovsky—he was the criminal behind the "Sheep Marketplace," a notorious darknet market renowned for selling illegal goods.

In the last 7 days, El Salvador has accumulated an additional 8 bitcoins, bringing its total holdings to 6194.18 bitcoins.

On June 1st, based on the data from the Ministry of Finance of El Salvador, in the past 7 days, El Salvador has accumulated an extra 8 Bitcoins. As a result, its total Bitcoin holdings have reached 6194.18 BTC, which is valued at more than $644 million.

Bitcoin Price Drops to $104,000

On June 1st, based on HTX market data, Bitcoin dropped to reach $104,000, and it is currently trading at $104,025, with a 24-hour percentage change narrowing to 0.33%.

Bitcoin June Historical Return: 6 Rises, 6 Falls Since 2013

On June 1st, according to Coinglass data, within the history of Bitcoin, among the 12 "June" market trends since 2013, there have been 6 increases and 6 decreases. The largest increase took place in June 2016, with a monthly gain reaching 27.14%. The largest decrease occurred in June 2022, with a monthly loss reaching 37.28%. From 2013 to the present, the average return rate of Bitcoin's "June" market trends is -0.35%.

Metaplanet CEO: Bitcoin's Volatility is Not a Bug, But a Signal and Fuel

On June 1st, Simon Gerovich, the CEO of the Japanese-listed company Metaplanet that adopts the Bitcoin Treasury strategy, stated in a post on the X Platform that volatility is not a flaw of Bitcoin but rather a signal, a form of energy, and a fuel. Volatility drives Bitcoin's flywheel and accelerates the accumulation of Bitcoin. Most importantly, Bitcoin's volatility is attractive to capital.

U.S. Bitcoin Spot ETF Sees $5.2 Billion in Net Inflows in May

On June 1st, according to Trader T's data, the total net inflow of the US Bitcoin spot ETF in May reached $5.2 billion. During the same period, the price of Bitcoin increased by approximately 11%, rising from $94,200 to $104,000. The total net inflow of BlackRock's IBIT in May was $5.9 billion. There was a net outflow of $321 million for ETFs under Grayscale and $292 million for ARKB.

「Silk Road」 founder Ross Ulbricht's donation address received 300 bitcoins

On June 1st, as per the monitoring of LookOnChain, the donation address of "Silk Road" founder Ross Ulbricht received 300 Bitcoins 8 hours ago. The value of these Bitcoins is approximately $31.4 million.

If Bitcoin drops below $103,000, the mainstream CEX long liquidation volume will reach 763 million.

On June 1st, based on Coinglass data, if Bitcoin drops beneath $103,000, the cumulative intensity of long liquidation in mainstream CEX will reach 763 million. Conversely, if Bitcoin surges above $105,000, the cumulative intensity of short liquidation in mainstream CEX will reach 33.96 million. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually reflect the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be impacted when it reaches a certain level. Higher "liquidation bars" indicate that the price will exhibit a stronger reaction due to a liquidity cascade after reaching that particular point.

Bitcoin briefly fell below $104,000, while Ethereum briefly dropped below $2,500.

On June 1st, according to HTX market data, Bitcoin briefly fell below $104,000 and is now trading at $104,057. Ethereum briefly dropped below $2,500 and is now trading at $2,504.

「Silk Road」 Founder Ross Ulbricht Auctions Off Prison Items to Raise $1.8 Million Worth of Bitcoin

On June 1st, as reported by The Block, the auction of Ross Ulbricht's prison possessions from the dark web marketplace "Silk Road" has netted around 1.8 million US dollars in Bitcoin. The auction items encompass artworks crafted by Ulbricht during his prison stay, personal effects, and a prison ID. Notably, the prison ID was sold for the highest bid of 11 BTC (approximately 1.1 million US dollars). Ulbricht claimed that the auction was set to commence a new chapter in his life.

Bitcoin advocate questions the newcomer BTC financial company's resistance ability, stating that it has not been tested in a bear market.

On June 1st, Bitcoin maximalist Max Keiser raised doubts about the capability of some emerging companies to replicate MicroStrategy co-founder Michael Saylor's model of setting up a corporate-level Bitcoin reserve. He holds the view that these companies will find it difficult to maintain financial discipline during a prolonged bear market. He pointed out that Michael Saylor continued to accumulate without selling during previous bear markets, while many "strategy clone companies" have not yet gone through a similar market environment. If confronted with a pullback, they may not necessarily exhibit the same unwavering holding attitude. (Cointelegraph)

The US Bitcoin Spot ETF collectively holds approximately 1.205 million BTC, with BlackRock's BITB holding around 660,000 BTC in the top spot.

On May 31st, based on HODL15Capital's data, as of today, the US Bitcoin spot ETF holds a combined total of 1,205,626 BTC. Among them, BlackRock's IBIT holds 660,814 BTC and ranks first. Fidelity's FBTC and Grayscale's GBTC rank second and third respectively, with 198,159 BTC and 186,622 BTC.

Michael Saylor: MicroStrategy Will Buy Bitcoin with More Efficiency

On May 31st, as reported by CNBC, Michael Saylor, the founder of Strategy, stated at the Bitcoin 2025 conference that there is no ceiling for its Bitcoin buy-in plan. With the continuous rise in the Bitcoin price, the difficulty of purchasing Bitcoin in the future will increase exponentially. However, Strategy will purchase Bitcoin more efficiently.

Mexico's third richest person considering converting entire investment portfolio to Bitcoin

On May 31st, as per Cointelegraph, Ricardo Salinas Pliego, who is Mexico's third richest person, declared that he is contemplating converting his entire investment portfolio into Bitcoin.

IMF Questions Pakistan's Bitcoin Mining Electricity Plan, Demands Urgent Clarification of Legitimacy

May 31st. According to Cointelegraph, the Pakistani government intends to reserve 2,000 megawatts of electricity for Bitcoin mining and AI data centers. This is equivalent to the annual capacity of 2 large power plants. The IMF has asked the Pakistani Ministry of Finance to provide an explanation for the legality of crypto mining and electricity allocation policies without prior consultation. This may make the ongoing $3 billion loan program negotiations for Pakistan more complicated. On May 21st, the Pakistani Ministry of Finance approved the establishment of the Pakistan Digital Assets Authority (PDAA). The purpose of this authority is to regulate exchanges, stablecoins, and DeFi platforms in accordance with FATF standards. Prime Minister's crypto advisor Bilal bin Saqib made a prominent announcement at the Bitcoin 2025 conference last week, stating that a national Bitcoin strategic reserve will be established. Pakistan had already set up a National Crypto Council in February 2025 a

Analysis: Bitcoin Profit Taking Suppresses Bull Market Progress, Whale Accumulation Slowing

On May 31st, as reported by Cointelegraph, an analyst has issued a warning. If Bitcoin fails to maintain above the previous all-time high reached in December 2024 on a weekly closing basis, the market may encounter a "deep pullback." The price of Bitcoin has dropped below the support level that was initially touched at the end of 2024. Currently, the main resistance comes from profit-taking behavior, and this profit-taking is suppressing the bull market process. A recent research report from CryptoQuant pointed out: "Some Bitcoin on-chain indicators may be approaching a short-term peak or indicating a pause in the current uptrend. The estimated Bitcoin net demand increment over the past 30 days is 229,000 BTC, which is close to the previous high of 279,000 BTC set in December 2024. Meanwhile, whale holdings have increased by 2.8% in recent months. This growth rate often indicates a slowdown in whale accumulation behavior. With the price at $111,000, the average unrealized profit is ov

The WCT contract on mainstream CEX has reached its maximum negative fee rate, with the liquidation volume of the 4-hour contract surpassing that of Bitcoin.

On May 31st, based on HTX market information, WCT experienced a sharp decline. It dropped from $1.37 to $0.8 within the past 2 hours, with a drop of more than 40%. According to Coinglass data, the contracts of WCT on major CEXs have reached the maximum negative funding rate, and most platforms show a rate of -2%. The current total trading volume of WCT contracts on the network has reached as high as $3.4 billion in the past 24 hours, and the total network contract open interest is $196 million. In the last 4 hours, there were $4.8 million in liquidations of WCT contracts, surpassing the liquidation amounts of Bitcoin ($510,000) and Ethereum ($1.29 million).

Canadian tech company Matador has secured a $1.5 million CAD strategic investment, partially used to increase its Bitcoin holdings.

On May 31st, as per Globenewswire, the Canadian tech firm Matador Technologies, which specializes in Bitcoin and the tokenization of real-world assets, declared that it has secured a total investment of 1.5 million Canadian dollars from Arrington Capital. Arrington Capital is a digital asset management firm established in 2017 by Michael Arrington, the founder of TechCrunch and CrunchBase, along with Heather Harde, the CEO of TechCrunch, and Geoffrey Arone. The funds from this financing round will be utilized to purchase Bitcoin, gold, and for general corporate operations.

GameStop CEO: If Bitcoin Becomes Digital Gold, There Is Still More Upside

May 31st - According to Cointelegraph, Ryan Cohen, the CEO of GameStop, regards Bitcoin as a hedge against currency devaluation. He said, "If Bitcoin ultimately turns into digital gold, then it still has more upside potential."

The Mega Matrix Board of Directors has approved to adopt Bitcoin and Ethereum as treasury reserve assets

On May 31, the board of directors of Mega Matrix Inc., a company listed on the New York Stock Exchange, gave its approval for Bitcoin and Ethereum to be included as treasury reserve assets.

Analysis: Bitcoin Exchange Reserve Hits Fresh Low, Indicating Whales and Institutions Are Continuously Accumulating for the Long Term

On May 31st, as reported by Cointelegraph, the reserve level of Bitcoin exchanges has reached a new low. BTC is continuously flowing out of centralized platforms, suggesting that whales, institutions, governments, and other entities are increasingly inclined towards non-custodial storage for long-term holdings.

If Bitcoin falls below $102,000, the mainstream CEX long liquidation pressure will reach $987 million.

On May 31st, according to Coinglass data, if Bitcoin drops below $102,000, the cumulative long liquidation intensity of mainstream CEXs will reach $987 million. Conversely, if Bitcoin goes above $105,000, the cumulative short liquidation intensity of mainstream CEXs will reach $476 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring clusters, that is, intensity. Therefore, the liquidation chart shows the extent to which reaching a certain price level will have an impact. Higher "liquidation bars" indicate that when the price reaches that level, it will trigger a more intense response due to a liquidity cascade.

Yesterday, the U.S. Bitcoin Spot ETF saw a net outflow of $6.161 billion

On May 31st, as monitored by Farside Investors, yesterday the US Bitcoin spot ETF witnessed a net outflow of $6.161 billion.

Meta Shareholders Have Voted to Reject the Proposal to Include Bitcoin in the Reserve

May 31st - As per CryptoSlate, during the annual shareholder meeting on May 30th, the shareholders of Meta Platforms rejected a proposal to incorporate Bitcoin (BTC) into its $72 billion cash reserves. The voting came to an end with 4.98 billion shares casting a negative vote and 3.92 million shares in favor.

Bitcoin Mining Difficulty Increases by 4.38% to 126.98 T, Reaching an All-Time High

On May 31st, based on BTC.com data, the Bitcoin mining difficulty underwent a mining difficulty adjustment at block height 899,136 (at 08:01:30 Beijing time today), experiencing a 4.38% increase to 126.98 T and reaching a new all-time high; the current average network hash rate in the past seven days is 921.04 EH/s.

New York City Comptroller Opposes Mayor's Proposed Bitcoin Bond Plan

On May 31st - As reported by Bloomberg, the New York City Comptroller Brad Lander turned down Mayor Eric Adams' proposal to issue a municipal bond in support of Bitcoin. Brad Lander, who is jointly in charge of bond issuance along with the Mayor's Office of Management and Budget, declared that during his tenure, New York City will not issue Bitcoin-backed bonds. "The volatility of cryptocurrency is not adequate to finance our city's infrastructure, affordable housing, or schools." "Putting forward that New York City open its capital plan to cryptocurrency could subject our city to new risks and erode the trust of bond buyers in our city." Brad Lander is a Democrat and is the successor to Mayor Eric Adams, who won the November mayoral election. Eric Adams is currently running as an independent candidate.

Bitcoin Drops Below $104,000

On May 31st, based on HTX market data, Bitcoin dropped below $104,000, experiencing a 24-hour decline of 1.83%.

Bitcoin Falls Below $104,000

On May 31st, according to HTX market data, Bitcoin fell below $104,000, with a 24-hour decline of 2.91%.

Whale James Wynn's Bitcoin Long Position is currently at a $660,000 unrealized loss, with a liquidation price of $103,340.

On May 31st, according to on-chain data, the newly opened 40x Bitcoin long position by whale James Wynn today is currently facing a $660,000 unrealized loss. The details are as follows: Position Value: $54,897,376.12 Entry Price: $105,554.5 Liquidation Price: $103,410 Unrealized Loss: $660,000

Bitcoin Drops Below $105,000

On May 31st, based on HTX market data, Bitcoin fell below $105,000, with a 24-hour decline of 1.71%.

Trump Media & Technology Group Completes $2.44 Billion Funding Round, Will Use $2.32 Billion to Build Bitcoin Reserves

On May 30th, the Trump Media Group announced today that it has successfully completed the previously declared private placement with approximately 50 institutional investors. The offering consists of the following: · The sale of 55,857,181 shares of the company's common stock at a price of $25.72 per share, generating approximately $1.44 billion in total proceeds; · The issuance of $1 billion in principal amount of 2028 convertible senior secured notes with a conversion price of $34.72 per share. The combined proceeds from these two offerings amount to approximately $2.44 billion. The Trump Media Group will utilize around $2.32 billion of the net proceeds to establish a Bitcoin reserve and for other general corporate purposes and working capital. As one of the largest Bitcoin reserve transactions among public companies, the net proceeds from this offering and the company's strategy will enable the Trump Media Group to become one of the largest Bitcoin-holding companies among U.S. publi

Whale James Wynn Opens Bitcoin Long Position Again, Holding $46 Million

On May 30th, whale James Wynn once more initiated a 40x leverage Bitcoin long position. The position size was $46 million, with an opening price of $105,560.2 and a liquidation price of $102,550.

Bitcoin Drops Below $105,000

On May 30th, based on HTX market data, Bitcoin dropped below $105,000, experiencing a 24-hour loss of 2.73%.

Whale James Wynn's Bitcoin Long Position Unrealized Loss Expands to $4 Million, Liquidation Price at $104,610

On May 30th, based on HypurrScan data, whale James Wynn's long position of 40x Bitcoin has seen its unrealized loss expand to $4 million. The specific position details are as follows: Position Total Value: $1.7834 billion Entry Price: $107,993.1 Liquidation Price: $104,610

Analysis: Bitcoin's average daily on-chain transaction volume has reached $1.8 billion, approaching the peak of the last bull run.

On May 30th, CryptoQuant analyst Axel Adler Jr. posted on social media that the market demand for Bitcoin is approaching the peak level of the previous bull market. Currently, there is an average daily inflow of approximately $1.8 billion into the market, which is equivalent to the level when the Bitcoin price touched $64,000 in November 2021. In this cycle, the largest inflows occurred when the Bitcoin price reached $73,000 (with a peak of $3.6 billion) and $92,000 (with a peak of $4.5 billion). Axel Adler Jr. stated that this indicator shows that even after reaching a new all-time high, investors still maintain the willingness for large-scale fund deployment.

Australia's Monochrome Spot Bitcoin ETF Holdings Rise to 666 BTC

On May 30th, according to official disclosures, the Australian Monochrome Spot Bitcoin ETF (IBTC) stated that by May 29th, its holdings had reached 666 bitcoins, and the holding market value exceeded 1.115 billion Australian dollars.