tcoin

According to The Block, the publicly listed company Sequans Communications in Paris, France, announced the completion of all convertible debt redemptions related to Bitcoin reserves, selling approximately 80% of its Bitcoin holdings to repay the debt, and currently only 658 BTC remain, which are fully unrestricted.The company's CEO Georges Karam stated that this move marks a strengthening of the company's balance sheet and a simplification of its capital structure, and in the future, the company will fully focus on the scaled expansion of its 4G/5G IoT semiconductor, RF transceiver, and defense wireless application businesses.

According to Lookonchain monitoring, the net outflow of Bitcoin ETFs in the United States is 9,012 BTC, the net outflow of Ethereum ETFs is 40,247 ETH, and the net inflow of Solana ETFs is 2,401 SOL.

According to Arkham monitoring, Grayscale deposited a total of 1,530.704 bitcoins, approximately 112 million USD, into Coinbase Prime in the last hour.

Glassnode disclosed the latest on-chain data showing that the Bitcoin spot trading volume difference (7-day moving average) has re-entered a sustained negative range. As the Bitcoin price fell back to around $73,000, the market experienced significant selling pressure accelerating, with sellers continuing to dominate the spot market, and the pressure of chip distribution is gradually accumulating.Recently, during the process of Bitcoin falling back from above $80,000 to around $75,000, spot demand, ETF fund inflows, and volatility expectations have all continued to weaken. Although market positions have been somewhat reset, investor confidence remains limited, presenting an overall cautious wait-and-see attitude.

J.P. Morgan analysts, including Nikolaos Panigirtzoglou, stated that as signs of easing tensions in the Middle East emerge, investors are gradually withdrawing from the Bitcoin and gold markets. The "devaluation trade" that previously drove demand for both is losing momentum.In the past two weeks, both Bitcoin and gold-related ETFs have seen significant capital outflows, and institutional positions in the CME futures market have also weakened concurrently. This trend indicates that investors are retreating from the macro hedging trades that became popular due to inflation concerns and global instability, and it is not a case of Bitcoin funds shifting to gold; rather, both asset classes are facing a simultaneous decline in demand. Since the Iran conflict, Bitcoin has been a major representation of the "devaluation trade."

According to monitoring by Catcher Predict, in the event "What price will Bitcoin reach in May?" on the prediction market Polymarket, the probability of the "Yes" option in the sub-market "72,500 USD" has experienced significant fluctuations, soaring from 72.5% an hour ago to the current 88.5% (a fluctuation of 16%). Please note the impact of relevant breaking news.

According to analyst Yu Jin, after the launch of the spot ETF, the price trends of BTC and ETH are basically consistent with the fund flows of the ETF: inflows correspond to price increases, and outflows correspond to price decreases.The data provided states that from October last year to now, the BTC ETF size has decreased from $169.5 billion to $96.4 billion, a reduction of 43%. During the same period, the price of BTC fell from $125,000 to $73,000, a decline of 41%; the ETH ETF size decreased from $32 billion to $11.6 billion, a reduction of 63%, while the price of ETH dropped from $4,800 to $2,000, a decline of 59%. Recently, the ETF has continued to experience net outflows, corresponding to a price decline that has lasted for about half a month.

Strategy founder Michael Saylor posted "HODL" (Hold On for Dear Life), calling for a steadfast hold on Bitcoin during the current poor market performance.

According to CoinDesk, the CME Group announced that Bitcoin futures and options will officially be available for 24-hour, 7-day-a-week trading on the Globex platform, with only a 60-minute routine maintenance window from 10 PM to 11 PM UTC on Sunday nights, marking the end of the long-observed "CME weekend gap" that has been widely watched by traders.

CME, or the Chicago Mercantile Exchange, has transitioned its Bitcoin futures and options on the Globex platform to 24/7 trading starting Friday, ending the previous fixed market closure from Friday to Sunday. The "CME gap" that formed due to the weekend market closure has thus come to an end.Despite the change in trading mechanism, market liquidity remains primarily concentrated in ETF options and offshore perpetual contracts. The open interest in IBIT options is significantly higher than that in the CME crypto options market.

According to Coinglass data, if Bitcoin falls below $72,000, the cumulative long liquidation intensity on mainstream CEXs will reach $807 million. Conversely, if Bitcoin breaks above $75,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.058 billion.The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.

10x Research published on platform X that amidst the slump in Bitcoin, the mining and AI infrastructure sectors have surged significantly. KEEL rose by 30%, CIFR rose by 29%, IREN rose by 29%, WULF rose by 24%, and HUT rose by 22%, mainly driven by large hyperscale data center transactions, park acquisitions, and new institutional support.This week's catalysts include IREN's $1.6 billion purchase of Dell Blackwell systems, TeraWulf's acquisition of a 1 GW park in Kentucky, and Hut 8 signing a $9.8 billion leasing agreement in Texas, indicating that Bitcoin mining companies' transition to AI infrastructure is accelerating.

The cryptocurrency market saw a significant decline on Thursday morning, with Bitcoin dropping below $73,000. This round of decline was accompanied by the largest single-day net outflow from the U.S. spot Bitcoin ETF since late January. Nick Ruck, director of LVRG Research, stated that this sharp drop reflects a risk-averse sentiment as profit-taking occurs after recent highs, and is also influenced by rising U.S. Treasury yields and macro caution stemming from geopolitical news.Analysts added that the market decline is primarily due to funds rotating into traditional financial stocks, and once key price levels are breached, a large amount of derivatives liquidation further depressed prices. Data shows that the U.S. spot Bitcoin ETF recorded a total net outflow of $733.4 million on Wednesday, marking the largest single-day outflow since January 29. Among them, BlackRock's IBIT saw a net outflow of $527.8 million, setting a record for the largest single-day outflow since the fund's inception. Additionally, other ETFs like Grayscale's GBTC also experienced negative outflows. Only Morgan Stanley's MSBT recorded a net inflow of $4.3 million.Analysts believe that the outflow of funds is due to basis trade liquidations and institutional de-risking operations, while IBIT's record outflow was influenced by large trades the previous day. Peter Chung, head of research at Presto Research, pointed out that Bitcoin has exhibited a "unique trading pattern" since mid-May, continuing to decline over the past two weeks and underperforming risk assets like the S&P 500 and Nasdaq, primarily driven by outflows from the spot Bitcoin ETF.Analysts are closely monitoring ETF fund flow trends and Bitcoin's support level around $70,000, warning that ongoing fund outflows may indicate that institutions are further adjusting their cryptocurrency asset allocations. On a macro level, Asian stock markets opened lower on Thursday, with the Hong Kong Hang Seng Index and Japan's Nikkei 225 both declining, due to renewed strikes by the U.S. against Iran amid a fragile ceasefire agreement.

According to Cointelegraph, VanEck CEO Jan Van Eck stated that he remains optimistic about Bitcoin in the long term, but warned that 2026 is historically a down year in the four-year halving cycle. He noted that institutional adoption has fundamentally remained unchanged, lacking catalysts for significant price increases.

According to CoinDesk, Michael Kramer, founder and CEO of Motte Capital Management, stated that the U.S. Treasury's related settlement operations are expected to withdraw about $150 billion in liquidity from the financial system, which may exacerbate Bitcoin's current decline.He pointed out that Bitcoin often serves as a leading indicator of liquidity and has recently fallen below the key support level of approximately $75,000, down about 11% from this month's high of $82,500. Michael Kramer expects that this round of liquidity tightening will mainly come from U.S. Treasury bonds and short-term Treasury bill settlements.

Grant Cardone, the CEO of the American real estate investment company Cardone Capital and a billionaire, posted on the X platform 10 hours ago stating: "Cardone Capital has increased its holdings by 130 bitcoins during the pullback."

According to monitoring by Catcher Predict, in the event "Bitcoin above ___ on May 28?" on the prediction market Polymarket, the "Yes" option in the sub-market "74,000" experienced a sharp fluctuation in winning probability, plummeting from 43.1% an hour ago to the current 21.05% (a fluctuation of 22.05%). Please note the impact of related breaking news.

According to SoSoValue data, yesterday (Eastern Time May 27), the total net outflow of Bitcoin spot ETFs was $733 million.The Bitcoin spot ETF with the highest single-day net inflow yesterday was Morgan Stanley ETF MSBT, with a single-day net inflow of $4.2941 million. Currently, the historical total net inflow of MSBT has reached $238 million.The Bitcoin spot ETF with the highest single-day net outflow yesterday was Blackrock ETF IBIT, with a single-day net outflow of $528 million. Currently, the historical total net inflow of IBIT has reached $64.053 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $96.449 billion, and the ETF net asset ratio (market value compared to the total market value of Bitcoin) is 6.4%. The historical cumulative net inflow has reached $56.017 billion.

A man in Florida, USA, was arrested for allegedly stealing approximately $1.9 million worth of Bitcoin by using the mnemonic phrase of his former employer's hardware wallet. Police stated that the unauthorized transfer of the stolen funds occurred in 2020, when the suspect still had access to critical security information.

According to monitoring by Catcher Predict, in the event "What price will Bitcoin reach in May?" on the prediction market Polymarket, the "yes" option for the sub-market "72,500 USD" experienced a dramatic fluctuation in winning probability, soaring from 43.5% an hour ago to the current 58.5% (a fluctuation of 15%). Please note the impact of related breaking news.