Invest ideasNews
4 Jun 2026, 06:37
Mt. Gox Moves 116 BTC to Bitstamp as $1.8 Billion in Crypto Positions Get Wiped Out in a Single Day
Mt. Gox is moving Bitcoin again, leveraged positions are getting torched at a historic pace, and traders are watching key support levels crumble in real time. Thursday turned into one of the most brutal single-day wipeouts the market has seen since January 2026, and the structural pressure behind it is not going away anytime soon. Mt. Gox Sends 116 BTC to Bitstamp, Creditor Repayments Continue On-chain data confirmed that Mt. Gox transferred 116.3 Bitcoin to the Bitstamp exchange, the latest move in a creditor repayment process that has been running for over a decade since the exchange’s catastrophic 2014 hack. Mt. Gox is dumping $BTC ! Mt. Gox wallets have deposited 116.3 $BTC ($8.16M) into #Bitstamp . https://t.co/7NqYYfAxGT pic.twitter.com/syc71JAcpB — Lookonchain (@lookonchain) June 4, 2026 This transfer follows a much larger internal move of over 10,400 BTC that the defunct exchange executed just a few days prior. That earlier transaction had already rattled sentiment across the market, and Thursday’s deposit to Bitstamp signals the distributions are picking up pace. Mt. Gox currently holds around 34,500 BTC, worth approximately $2.4 billion at current prices, and faces a hard deadline of October 31, 2026 to complete all outstanding creditor distributions. Every transfer it makes to exchanges like Bitstamp raises the same concern among traders: creditors who have waited years for their funds are likely to sell. Why These Transfers Keep Spooking the Market The fear is rational, even if the actual impact is gradual. When Mt. Gox moves Bitcoin to an exchange, it signals that creditors are receiving or preparing to receive funds. Many of those creditors have been waiting since 2014, more than a decade, and a significant portion are expected to liquidate their holdings once they gain access. That kind of selling does not happen all at once, but the anticipation alone creates overhead resistance. Every time a new transfer surfaces on-chain, traders price in the possibility of fresh supply hitting the market. It is a dynamic that has haunted Bitcoin’s price action for years, and it continues to do so as the repayment clock ticks down toward October 2026. The broader picture, though, is that this is a planned, multi-year recovery process, not a panic sale. The transfers are structured, the timeline is known, and the total supply overhang is finite. What the market struggles with is timing, not the fundamental reality. $1.8 Billion in Leveraged Positions Liquidated in One Day Beyond Mt. Gox, Thursday brought a market-wide flush that analysts described as the largest single-day liquidation event since January 2026. Over $1.8 billion in leveraged crypto positions were wiped out as Bitcoin broke below $63,000 and Ethereum fell under $1,800. BREAKING: A total of $1.8 billion in levered crypto positions were liquidated today. This marks the largest daily crypto liquidation since January 2026. — The Kobeissi Letter (@KobeissiLetter) June 4, 2026 The scale of it matters. Liquidations at this level do not happen in a vacuum, they reflect excessive leverage that had been building quietly in the system, waiting for a trigger. When BTC sliced through $63K, it set off a cascade. Long positions started getting forcibly closed, which pushed prices lower, which triggered more liquidations, which pushed prices lower still. The loop repeated until the tape was covered in damage. Structural Selling Is Driving This Move, Not Just Leverage What makes this particular selloff harder to dismiss as noise is the combination of forces driving it simultaneously. The liquidation cascade alone would have been manageable. But it is happening at the same time as several other forms of structural selling. FG Nexus is actively dumping Ethereum into the market. Mt. Gox is depositing Bitcoin to exchanges. And a prominent whale on Hyperliquid is sitting more than $58 million underwater, creating additional uncertainty about whether that position forces further selling or triggers a broader market unwind. These are not random actors reacting emotionally to price swings. They represent large, deliberate moves, and together, they are overwhelming whatever buying pressure exists at current levels. Until that structural selling pressure exhausts itself, every bounce the market puts up risks being a dead-cat rally rather than a genuine reversal. Key Levels Traders Are Watching Right Now BTC is trading below $63,000 with no clear support printed on the chart yet. The breakdown through that level was sharp enough that technicians are not yet calling a floor, the market needs to find buyers who hold a level convincingly before anyone maps a line and calls it support. Ethereum is in a similar position. ETH is trading under $1,800, with $1,789 standing as the last meaningful technical defense. If that level breaks on volume, the next area of demand becomes difficult to define precisely, which adds to the uncertainty weighing on short-term sentiment. The phrase traders are using right now is that the flush needs to complete. Liquidation-driven selloffs typically mark capitulation zones, but only after the selling has fully washed through the system. The danger of calling a bottom too early is that the structural sellers are still active. Funding rates remain elevated, meaning more leveraged longs are still exposed. Until funding turns neutral and liquidation volume contracts meaningfully, the market remains vulnerable. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
4 Jun 2026, 06:36
Retail ETH buying near record highs! What do the latest indicators warn about?
🚨 Retail buying in $ETH is approaching record levels. 🔎 Despite the surge, core indicators suggest weak price momentum. 🧐 Whales may be offloading as retail demand grows. Continue Reading: Retail ETH buying near record highs! What do the latest indicators warn about? The post Retail ETH buying near record highs! What do the latest indicators warn about? appeared first on COINTURK NEWS .
4 Jun 2026, 06:20
USD/JPY Price Forecast: Trades Below 160.00 Intervention Threshold, Bullish Bias Remains Intact
BitcoinWorld USD/JPY Price Forecast: Trades Below 160.00 Intervention Threshold, Bullish Bias Remains Intact The USD/JPY pair is trading below the psychologically significant 160.00 level, a threshold that has historically drawn the attention of Japanese authorities. Despite this proximity to a potential intervention zone, the broader technical structure continues to favor the upside, with buyers defending key support levels. Price Action and the 160.00 Threshold The 160.00 mark has become a critical line in the sand for the Bank of Japan (BOJ) and the Ministry of Finance. In 2024, intervention occurred when the pair briefly broke above this level, prompting a sharp but temporary pullback. Currently, the pair is consolidating just below this round number, reflecting a tug-of-war between bullish momentum and the threat of official action. From a technical perspective, the pair remains above its 50-day and 200-day moving averages, confirming the uptrend. The Relative Strength Index (RSI) is in neutral territory, suggesting room for further upside before becoming overbought. Key support is seen at the 158.50 area, a level that held during recent dips. A break below that could signal a deeper correction toward 157.00, but the overall bias remains constructive as long as price stays above the 155.00 support zone. Fundamental Drivers and BOJ Risks The yen continues to face headwinds from the interest rate differential between the U.S. and Japan. While the BOJ has moved away from negative rates, its policy rate remains near zero, while the Federal Reserve maintains rates above 5%. This gap continues to encourage carry trades, where investors borrow yen to buy higher-yielding dollar assets. However, the risk of intervention is real. Japan’s top currency diplomat has repeatedly warned that speculative moves will be met with decisive action. The threat alone has created a ceiling near 160.00, but without actual intervention, the market may test it again. Traders should watch for verbal warnings escalating to concrete action, such as rate checks or actual yen buying. What This Means for Traders For active forex traders, the 158.50–160.00 range is the current battleground. A sustained break above 160.00 could trigger a rapid move toward 162.00, but only if the BOJ refrains from immediate intervention. Conversely, a rejection at 160.00 could lead to a retest of support at 158.50 or lower. The safest approach is to wait for a clear breakout or rejection before committing to a directional trade, as the intervention risk adds unpredictable volatility. Conclusion The USD/JPY pair remains in a bullish trend, but the 160.00 intervention threshold is a formidable barrier. While technicals support further upside, the threat of BOJ action introduces a unique risk that can reverse gains rapidly. Traders should monitor official statements closely and consider tighter risk management near this level. The pair’s direction in the coming weeks will likely depend on whether the BOJ follows through on its warnings or allows the market to test its resolve. FAQs Q1: What is the significance of the 160.00 level for USD/JPY? The 160.00 level is widely seen as an intervention threshold for the Bank of Japan and Ministry of Finance. When the pair approached or exceeded this level in 2024, Japanese authorities intervened by selling dollars and buying yen to support the currency. It acts as a psychological and policy-driven resistance zone. Q2: Is the bullish trend in USD/JPY likely to continue? The technical trend remains bullish as long as the pair stays above key support levels like 158.50 and 155.00. However, the upside is capped by intervention risk near 160.00. A breakout above that level could resume the uptrend, but it carries significant risk of a sharp reversal if the BOJ acts. Q3: How can traders manage intervention risk? Traders can manage intervention risk by using tighter stop-losses near the 160.00 level, reducing position sizes, and avoiding heavy exposure ahead of key BOJ or Ministry of Finance statements. Watching for sudden spikes in volatility or sharp reversals can also signal intervention in real time. This post USD/JPY Price Forecast: Trades Below 160.00 Intervention Threshold, Bullish Bias Remains Intact first appeared on BitcoinWorld .
4 Jun 2026, 06:19
Bitcoin’s Massive Plunge Toward $61K Leaves Over $1.6B in Liquidations
Bitcoin’s price decline from earlier this week was not a one-time thing, as the asset’s troubles intensified in the past 12 hours or so with another fresh nosedive to a multi-month low. BTC dragged most alts with it, liquidating more than 270,000 over-leveraged traders in the process. The Drop It now feels like an eternity, but just a few weeks ago bitcoin stood high at $82,000 before its mind-blowing downhill run began. As reported earlier this week, the situation worsened at the start of June with a nosedive to just over $65,000. BTC managed to recover some ground and stood at $67,000 yesterday before the bears took complete control of the market earlier this morning. As the chart below demonstrates, bitcoin slumped to just over $61,000 on Bitstamp (and other exchanges), for the first time in four months. In early February, it plunged to $60,000, which many analysts believed was the ultimately low during this bear cycle. Now, though, the landscape looks different. As Crypto Fabrik noted , the bears appear in total control, and the popular analyst predicted another leg down that can drive BTC to and under $55,000. BTCUSD June 4. Source: TradingView The altcoins were not spared. Ethereum dumped to a 14-month low earlier today at just over $1,700. Some analysts, though, speculated that this might be a proper buy-the-dip opportunity. Aside from HYPE, which appears to be defying the overall market crash, most other alts are down by over 5%. Some, such as TON, have dumped by more than 12% daily. Liquidations Rocket This intense volatility has, expectedly, led to a sharp uptick in the total value of wrecked positions. Data on CoinGlass shows that more than 270,000 traders have been wiped out in the past 24 hours, while the actual liquidated value is up to $1.61 billion within the same timeframe. Longs are responsible for the lion’s share ($1.35 billion). Bitcoin’s liquidations are also the highest by a large margin (2x that of ETH’s), with more than $735 million in longs being wiped out daily. The single-largest liquidation took place on Hyperliquid and was worth north of $16 million. Liquidation Data (June 4) on CoinGlass The post Bitcoin’s Massive Plunge Toward $61K Leaves Over $1.6B in Liquidations appeared first on CryptoPotato .
4 Jun 2026, 06:12
Hyperliquid HYPE Overtakes Solana in Price as Grayscale Launches 0.29% ETF and HIP-3 Hits $62B Volume
Hyperliquid News Hyperliquid's HYPE token overtook Solana on a per-coin basis this week, marking a symbolic shift for the fast-growing decentralized perpetuals venue. HYPE printed a fresh all-time ...
4 Jun 2026, 06:10
Coinbase to Launch SpaceX Pre-Market Perpetual Futures on June 4
BitcoinWorld Coinbase to Launch SpaceX Pre-Market Perpetual Futures on June 4 Coinbase, one of the largest cryptocurrency exchanges in the United States, has announced plans to list pre-market perpetual futures tied to SpaceX (ticker: SPCX). The trading is scheduled to begin at 6:00 a.m. UTC on June 4. This move marks a significant expansion of Coinbase’s derivatives offerings into the realm of private company pre-market contracts. What Are Pre-Market Perpetual Futures? Pre-market perpetual futures are derivative contracts that allow traders to speculate on the future price of an asset before it is publicly listed on traditional stock exchanges. Unlike standard futures, perpetual contracts do not have an expiration date, enabling traders to hold positions indefinitely. The SpaceX (SPCX) contract will be cash-settled and based on an index price derived from private secondary market transactions and valuations of the company. This provides a novel way for retail and institutional investors to gain exposure to SpaceX’s performance without directly purchasing private shares. Implications for Traders and the Market The listing of SpaceX futures on Coinbase is notable for several reasons. First, it bridges the gap between traditional private equity and the crypto derivatives market. SpaceX, founded by Elon Musk, is one of the most valuable private companies globally, with valuations exceeding $150 billion in recent funding rounds. Offering futures on such a high-profile name could attract significant liquidity and trading volume to Coinbase’s platform. Second, this move signals Coinbase’s ambition to become a comprehensive financial services platform, not just a spot crypto exchange. By expanding into pre-market futures, Coinbase is competing directly with platforms like FTX (before its collapse) and other regulated derivatives exchanges. It also provides traders with a tool to hedge against valuation changes or speculate on SpaceX’s upcoming milestones, such as Starship test flights or Starlink revenue growth. Regulatory and Risk Considerations Pre-market futures on private companies carry unique risks. The underlying price index is less transparent than public market data, relying on infrequent secondary trades and appraisals. This can lead to wider spreads and potential manipulation. Coinbase has stated that the contract will be subject to its standard risk controls, including position limits and margin requirements. However, traders should be aware of the increased volatility and illiquidity compared to traditional futures on public equities. Conclusion Coinbase’s decision to list SpaceX pre-market perpetual futures represents a bold step into a niche but growing segment of the derivatives market. It offers traders a new avenue for exposure to one of the world’s most influential private companies. The success of this product will depend on liquidity, pricing accuracy, and regulatory acceptance. As the June 4 launch date approaches, market participants will be watching closely to see if this sets a precedent for other private companies to be tokenized in similar ways. FAQs Q1: When will Coinbase list SpaceX perpetual futures? The listing is scheduled for June 4 at 6:00 a.m. UTC. Q2: What does SPCX stand for? SPCX is the ticker symbol for SpaceX on Coinbase’s pre-market perpetual futures market. Q3: Are perpetual futures the same as traditional futures? No. Perpetual futures have no expiration date, allowing traders to hold positions indefinitely. They use a funding rate mechanism to keep the contract price close to the underlying asset’s price. This post Coinbase to Launch SpaceX Pre-Market Perpetual Futures on June 4 first appeared on BitcoinWorld .
