Invest ideasNews
29 May 2026, 14:23
Strategy’s $30M Bitcoin Transfer Sparks Fresh Selloff Fears
Strategy transferred 411.48 BTC worth approximately $30.3 million to Coinbase Prime, triggering speculation about a potential Bitcoin sale. The BTC price is just 1.5% away from attempting a breakdown below the support trendline of a 4-month-long channel pattern. The ongoing correction in BTC could seek bullish support at $72,200, $65,200, and $60,000. The original cryptocurrency, Bitcoin, shows a slight drop of 0.5% ahead of Friday’s U.S. market hours to currently trade at $73,138. While escalating U.S.-Iran military conflicts triggered the initial market retreat, the intraday sell-off rapidly deepened as a wave of investor panic took hold. Market sentiment was shattered following on-chain signals that ultimate Bitcoin bulls, including Michael Saylor’s Strategy and real estate mogul Grant Cardone, could be liquidating portions of their BTC holdings. As the supply pressure intensifies, the Bitcoin price risks another support breakout at $72,000 amid the formation of a channel pattern. Michael Saylor’s Strategy Moves $30M BTC to Coinbase Prime Earlier this week, the BTC price witnessed a notable pullback from $78,000 to $73,138, registering a drop of $6.3%. A primary catalyst behind this drop was the re-escalation of the geopolitical tension in the Middle East. A recent U.S. airstrike targeting Iranian drones near the Strait of Hormuz and Iran’s retaliation attack at the U.S. base in Kuwait have renewed risk-off sentiment in the market. However, the market anxiety spiked on Friday as Michael Saylor’s Strategy deposited a small amount for BTC to Coinbase Prime. According to on-chain analytics firm Lookonchain , Strategy tracked 411.48 Bitcoin, or approximately $30.3 million in total value, to Coinbase Prime. This significant wallet transfer immediately reignited rumors from traders monitoring big corporate Bitcoin holders. The development had made Polymarket’s odds climb. The odds of Strategy selling Bitcoin by the end of 2026 increased to 84%, with bettors increasingly factoring the company’s eventual distribution into their calculations. Sending Bitcoin to a major exchange custody platform often triggers questions about purpose. Market participants mention that such actions can aid several non-selling activities, such as establishing loans for the assets, planning for big institutional transactions via over-the-counter channels, or managing internal fund operations. There is no official announcement on plans for a sale. There’s another layer added to the conversation with Michael Saylor’s recent comments. Once known for an uncompromising “never sell” position, this fresh transfer has left room for different readings of the company’s long-term approach. Strategers remain on the radar of Bitcoin watchers due to the volume of the bitcoins gathered in its wallet. Bitcoin markets saw the typical short-term volatility after the news, but overall price movement continues to follow the markets as the bigger picture indicates. In addition, real estate investor Grant Cardone posted on X Thursday, stating, “I’m selling all my Botcoin.” The misspelled reference drew quick attention and memes, though context showed Cardone Capital had recently acquired 130 BTC worth about $9.7 million, continuing its accumulation approach alongside real estate. Bitcoin Price Could Lose 4-Month Support with this Breakdown The daily chart analysis of Bitcoin BTC -0.19% shows that an ongoing pullback in its price follows the formation of a bear flag pattern. After a significant drop in January 2026, BTC tried to maintain its short-term recovery trend, resonating within the two parallel trendlines of the pattern. Amid the current uncertainty, the BTC price is heading to challenge the support trendline of the channel patterns at $72,200. If the sellers flip this support into potential resistance, the coin price prolongs its correction to $65,200, followed by a dive to $60,000. Bitcoin’s daily RSI indicator dropped to 33, indicating a broader selling narrative among crypto traders. BTC/USDT -1d Chart On the contrary, if the buyers continue to defend this bottom support, the BTC price could rebound for a fresh bull cycle within the channel.
29 May 2026, 14:20
Bitcoin ETFs bleed $2.8B in record nine-day outflow streak
Spot Bitcoin ETFs recorded a nine-day outflow streak totaling $2.84 billion, surpassing an eight-session outflow run in February 2025.
29 May 2026, 14:18
Bitcoin Options Expiry Tests Whether Max Pain Can Pull BTC Back to $75K
29 May 2026, 14:16
SUI Price Drops 20% as Sui Network Suffers Two-Day Mainnet Outage
The Sui price has seen a significant market crash following the network outage. The network has been facing technical issues for the past two days. The current accumulation zone may possibly push the price up. The Sui Network has been facing a major outage for the past two days. As the mainnet continues to face significant technical issues for the second consecutive day, the SUI price is now under pressure. Notably, the official X account of the Sui Network has warned users about a temporary pause in network activity. As the outage is linked to the mainnet settlement issues, the platform reported disruption in the production of new blocks. Although the team is working to solve the issue, the SUI crypt has seen increased selling pressure, impacting its price. Sui Price Faces Fresh Pressure Amid Network Outage Currently, the crypto space is shocked by a major mainnet outage in the Sui Network. As revealed by the platform via an X post earlier today, the Sui Network is facing technical issues for the second straight day. On May 28, 2026, the team took to X to announce the mainnet outage. The platform wrote, “Sui Mainnet is currently experiencing a network stall. The Sui Core team is actively working on a solution. Be aware that transactions may be paused at this time. Updates will be shared as soon as they are available.” Following this update, the SUI price took a deep dive , with the token plummeting from $1 to $0.90. This indicates that the Sui crypto reacted negatively to the outage news. The price movement explains that traders have become nervous about prolonged disruptions. Soon, the Sui team shared another X post today, highlighting the network’s failure to solve the technical issue. As revealed by Sui, the network has seen disruptions in block creation for two days. The post read, “Sui mainnet is currently experiencing a network stall. Network activity may be paused at this time. The Sui Core team is actively investigating. Updates and incident review will be shared as soon as they are available.” In response to this update, the Sui price SUI -0.64% saw another massive plunge. Now, the token’s price has reached $0.89, marking a 20% weekly loss. Over the past day, the crypto has plummeted by about 1.5%. On a weekly basis, it experienced a drop of about 2%. It is worth noting that this fall comes after SUI’s recent 40% surge . The market activity is also negative. This reflects the bearish sentiment surrounding the Sui price. The 24-hour trading volume dipped by 36%, hitting $531 million. Traders and investors are actively watching the price movements to see if the token could regain momentum. Whale Accumulation Signals Possible Rebound As the community is looking for major price movements in the SUI price, experts are sharing diverse projections. According to Sui Community, the altcoin is currently near a critical support zone. However, the post added the possibility of a more downside in the near future. Further, the Sui Community identified $0.90-$0.92 as a critical zone. This is because the level has previously attracted strong buying activity from whales and investors. As noted in the X thread, if buyers step into this area, the SUI price could see a major uptrend. However, the market remains cautious as of now. Without clear positive or negative signals, traders cannot predict the SUI crypto’s potential trend. Another market expert known as BitGuru on X stated , “SUI is showing signs of strength after a prolonged correction.” This post also highlights that the crypto could benefit from the current accumulation zone. However, SUI is now down by a massive 77% from its 2025 peak. This highlights the severity of the current market crash. According to experts, this crash is a result of a shift in investor sentiment. As traders choose to invest in less risky assets amid rising geopolitical tensions, smaller altcoins like SUI are struggling.
29 May 2026, 14:12
Bitcoin sinks to 13th place as value dips to $1.45T
🚨 $BTC slipped to 13th place globally as market value fell to $1.45 trillion. Big drops in price pushed capital into tech stocks and gold. Continue Reading: Bitcoin sinks to 13th place as value dips to $1.45T The post Bitcoin sinks to 13th place as value dips to $1.45T appeared first on COINTURK NEWS .
29 May 2026, 14:11
XRP Loses May Gains as Returns Flip Negative Again
XRP has officially turned red in its monthly return for May as market sentiment increasingly become bearish while its price continues to decline.
