Crypto Headlines 🗞
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🩸JUST IN: Over $635 BILLION WIPED OUT from the crypto market in less than a month.

+$500M in crypto liquidations hit in the last 1hr, long positions accounting for $450M.

@headlines
🚨BREAKING: Zcash $ZEC just saw $82M in liquidations, the BIGGEST FLUSH since the Oct. 10 crash.

@headlines
🚨ALERT: ETHEREUM RSI HITS LOWEST LEVEL SINCE LAUNCH

$ETH’s RSI has fallen to its lowest reading on record, signaling extreme oversold conditions as selling pressure intensifies.

@headlines
⚠️ALERT: Over 343,000ETH worth $547 MILLION is approaching liquidation across DeFi protocols, per lookonchain.

@headlines
🚨BEARISH: $1.7 BILLION EVAPORATES FROM BITCOIN ETFS IN THE BIGGEST WEEKLY OUTFLOW IN OVER A YEAR

Bitcoin ETFs suffers a 4th straight week of outflows, with investors pulling $1.7 billion last week alone.

Aside from yesterdays single thin inflow, Bitcoin ETFs have bled capital EVERY trading day since May 15,

@headlines
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🚨NEW: TOM LEE WARNS OF A BIGGER CORRECTION AHEAD

“The market had a parabolic lift in the last month and now there’s some sobering taking place”

“People are raising cash. I don’t think that this is the start of a broader correction yet.”

@headlines
🚨FACT CHECK: STRATEGY CEO DID NOT DUMP $11 MILLION OF MSTR

Strategy CEO Phong Le received 190,740 vested $MSTR shares on June 3, of which 93,700 shares were automatically sold to cover a mandatory $11.1M tax withholding obligation.

Debunking the rumours, the sale was pre-arranged nearly 2 years ago and was executed by Strategy and not by Phong Le at will.

In fact, after the vesting event, his total MSTR holdings jumped more than 423%, from 22,923 shares to 119,925 shares.

@headlines
U.S. Senator Cynthia Lummis: The CLARITY Act passed the Senate committee stage.

This major Bitcoin & crypto bill is now moving to the full floor for a vote.

@headlines
📈 BITCOIN’S 200W SMA CLOSE SIGNALS $BTC DROP TO $59K MAY HAVE BEEN A FAKEOUT

$BTC briefly broke below February's low, likely scaring traders into selling, but buyers pushed it back above the 200W SMA before the week closed.

Historically, this level marked major bottom zones near $200 in 2015, $3K in 2018 and $5.4K during the 2020 crash.

Did BTC just trap the bears?

@headlines