Prenetics (PRE), a health-sciences company that raised $48 million earlier this year, partially to build a bitcoin treasury, said it decided to stop purchasing BTC amid prolonged weakness in the cryptocurrency market. The company rolled out its bitcoin accumulation strategy in June, following a model championed by Michael Saylor’s Strategy Inc, in which firms raise […]
Bitcoin dropped below $106,000 in early European hours Friday as leveraged traders once again faced heavy losses, with nearly $1.2 billion in crypto positions wiped out over the past 24 hours. Data shows that most of the damage came from long positions, reflecting how aggressively traders had positioned for a bounce earlier in the week. […]
One ultra-leveraged Hyperliquid trader has been liquidated five times over the weekend and has lost nearly $3.7 million in the past week with aggressive bitcoin BTC$108,788.37 and ether ETH$2,565.27 shorts, according to on-chain data. Gambler @qwatio was liquidated 5 more times, with a total of 387 $BTC($42.18) and 2,990 $ETH($7.65M) liquidated. His account went down […]