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Analysis: The current Bitcoin mining cost is approximately $76,000, and miners are selling at a loss.

2 hours ago

June 17 — CryptoQuant analyst Darkfost reports that following Bitcoin’s recent price rebound, miner selling pressure has returned, a shift marked by a substantial increase in Bitcoin miners’ inflows to Binance. Darkfost adds that Bitcoin’s hash rate has dropped approximately 28% since the end of last October, alongside a 20% network difficulty adjustment. Currently, Bitcoin’s production cost hovers around $76,000, while the cryptocurrency trades at roughly $65,000. This pricing gap means most Bitcoin miners are operating at a loss, forcing them to sell their holdings.
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A certain BTC whale successfully escaped from a short position, then promptly closed the position, making a small profit of $11 million upon exiting the trade.

June 17 — According to data from Hyperinsight Monitor (https://t.me/HyperInsight), a Bitcoin (BTC) short whale closed out their position at roughly breakeven on June 17, with the trade generating a small realized profit of around $110,000 after BTC dipped below the whale’s cost basis. The whale’s initial short position size stood at 175.3 BTC, equivalent to $11.37 million when opened, and the position was closed at a price of $64,931. Related Wallet Address: 0x931153baac031d055389b41d12cd32c9bf0ae7a3

6 minutes ago

SK Hynix Hits New High, Driving Pre-market Rally in AI Stocks; Micron Up Nearly 4% Pre-market

On June 17th, Bitget market data indicates SK Hynix reached a new all-time high, rallying 5.84% on the day. Fueled by this news, most U.S. AI stocks were higher in pre-market trading. Micron climbed 3.84% pre-market, while Nvidia added 0.47%. In the optical communication sector, AAOI advanced 3.1% in pre-market, LITE rose 1.91%, and GLW gained 1.62%. Among storage equities, SNDK jumped 2.93%, WDC advanced 2.48%, and STX climbed 2.68%.

6 minutes ago

Bitcoin Preempts FOMC, Briefly Dips Below $65,000

As of June 17, Bitcoin has fallen below $65,000 per HTX market data, trading at $65,059.62 at press time—a nearly 0.83% decrease over the past hour. Earlier, analysts noted that tonight’s FOMC meeting could exert bearish pressure on Bitcoin. Of the 8 FOMC meetings held since 2025, Bitcoin has posted significant declines 7 times.

6 minutes ago

Binance Alpha will list the o1 exchange (O) airdrop, with a threshold of 225 points.

Binance Alpha has officially announced the o1 Exchange (O) airdrop, set to launch on June 17. The Alpha platform’s full launch and trading functionality will go live at 10:00 PM ET on June 17, 2025. Users need a minimum of 225 Alpha points to be eligible for the airdrop. Eligible users can claim 200 O tokens through the Alpha event page, with claims processed on a first-come, first-served basis. While the event remains active, the required Alpha points threshold will automatically decrease by 5 points every five minutes. Key reminders: Claiming the airdrop will deduct 15 Alpha points from your account. You must confirm your claim on the Alpha event page within 24 hours—unconfirmed claims will be deemed a waiver of the airdrop.

6 minutes ago

Are You Brave Enough to Call Me? 'BTC OG Whale Insider' Proxy Starts Accumulating UNI Double Long Position

June 17 update: Onchain Lens monitoring shows Garret Jin’s whale wallet (dubbed "BTC OG Insider Whale") has added 366,423 UNI tokens to his 2x leveraged long position — and he’s still stacking more UNI. Jin also maintains existing long positions: 5x leverage on Bitcoin (BTC) and 2x leverage on Zcash (ZEC). In a separate move, Standard Chartered recently initiated coverage of Uniswap, predicting UNI could rally 40 times over to hit $100 by the end of 2030 (this forecast uses UNI’s roughly $2.70 price at the time of the report). UNI is up more than 20% today, a surge that’s likely tied to this Standard Chartered news.

6 minutes ago

Binance Alpha will support the Humanity Protocol (H) contract swap

Per official sources, dated June 17, Binance Alpha 2.0 will support converting Humanity Protocol (H) contracts from the BEP20 network to the ERC20 network. Starting at 8:30 AM UTC on June 17, 2026, Binance Alpha 2.0 will temporarily suspend H trading to facilitate the contract conversion. This migration will be done at a 1:1 ratio. Trading of Humanity Protocol (H) on Binance Alpha 2.0 is expected to resume at 12:30 PM UTC on June 17, 2026.

6 minutes ago

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