Monday, June 16, 2025
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Market Wrap: Traders ‘Whack the Beehive’ as Bitcoin Surges Then Plunges

[sociallocker id="55298"] Tuesday’s bitcoin price whipsaw can be partially explained by large traders looking to deleverage in the derivatives market.  Bitcoin (BTC) was changing hands around $9,512 as of 20:00 UTC (4 p.m. ET), slipping less than 1% over the previous 24 hours.  A sudden rally to $10,000 late Monday boosted bullish

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$40 Million in BitMEX Longs Wiped Out as Bitcoin Plunges on “Satoshi Dumping” Fears

It’s been a brutal past 120 minutes for the Bitcoin market.After holding the $9,800 support for 48 hours, the cryptocurrency began to dive lower approximately two hours ago. From its $9,800 perch, the flagship crypto-asset fell as low as $9,100 on leading Bitcoin exchange Bitstamp — a drop of over

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