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$5,690,000,000 BTC Hit Exchanges at Loss in Just 48 Hours: Details
NFT Gaming

$5,690,000,000 BTC Hit Exchanges at Loss in Just 48 Hours: Details

by admin August 20, 2025


According to Maartunn, a community analyst at on-chain data platform CryptoQuant, $5.69 billion worth of Bitcoin flowed to crypto exchanges at a loss in 48 hours as short-term holders capitulated. Deposits to exchanges often imply an intent to sell; this is the case as the market has seen a drop since the start of the week, with $441 million liquidated in the last 24 hours alone.

Maartunn observed that Short-Term Holders are selling at a loss: 50,026 BTC or $5.69 billion arrived at exchanges at a loss from this class of Bitcoin holders over just two days. This marks one of the heaviest loss-driven moves in weeks.

In a separate tweet, Maartunn described the profit-taking move as having the deepest value in over a month, adding that bulls would want to see this as a signal for a sharp move upward; otherwise, it could mirror the prolonged loss-taking seen from late February to late May.

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Bitcoin has marked four straight months of gains from April through July. However, August is frequently associated with quieter trading activity and lower volume. The last three Augusts each ended with double-digit percentage losses.

Market retreats

The market is seeing profit-taking after reaching new highs, as major cryptocurrencies retreated, bringing the market’s total worth below $4 trillion.

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On-chain data highlights significant profit-taking from Bitcoin investors who have held for over one month (excluding daily traders). According to Glassnode, on July 18, BTC holders who have held over a month realized over $1.5 billion in profits, marking the largest profit-taking spike since December 2024.

Around the time of writing, Bitcoin was trading down 1.44% in the last 24 hours to $113,683, having previously reached a low of $112,555 early Wednesday.

The losses come after Bitcoin reached a record high of $124,533 on Aug. 14, buoyed by a spree of institutional buying led by digital-asset treasury companies. In a recent move, Michael Saylor’s Strategy announced Monday that it bought $51.4 billion of Bitcoin from Aug. 11 to 17.



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August 20, 2025 0 comments
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Hollow Knight: Silksong — Hornet, the heroine of the Hollow Knight sequel, leaping into action.
Product Reviews

After 30 minutes with Hollow Knight: Silksong, I’m desperate to play another 100 hours of its refined, needle-sharp action

by admin August 20, 2025



Going hands on with Silksong for the first time is oddly nerve-wracking. After six years of anticipation, hype, and desperate occult rituals, the question is: can it possibly live up to expectations?

What ends up surprising me most, then, is how much the game puts me at ease. From the first moment I take control of Hornet, it’s like slipping on my favourite old pair of shoes. Six years? No, I’m back in Hollow Knight’s world like no time has passed.

That’s not to say it simply feels the same. Even missing her full range of traversal abilities, Hornet feels distinctly different from the Knight — more agile, more graceful, more precise. As soon as I try her deadly divekick attack, I can tell I’m going to need to master it for boss fights to come.


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Though the game does feel different in the hands, it’s speaking the same language. It takes mere seconds to get to grips with Hornet, from her little backwards step before turning to her quick, elegant attacks.

Immediately I’m out into a hostile but familiar world. Keys to find, shortcuts to earn, hidden items secreted just out of view. It looks sharper, but this is Hollow Knight as you know it.

The difference, then, comes in how Hornet is able to traverse it. The Knight felt like a wretch cast into the darkness and forced to learn on the fly. Hornet feels equipped and confident.

Her sprint is super fast, letting you backtrack in half the time. Her jump offers much more fine control over its height—a tool put to the test not just in platforming, but with aerial enemies to launch yourself at and fiery projectiles to leap over.

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Combat pushes you to treat both air and ground as distinct angles of attack. Helmeted enemies ignore your strikes from above, forcing you down to their level, while shield-bearers constantly change which direction they guard themselves from, keeping you on the move to find your opportunities.

It comes to a head in the demo with a duel against a boss who feels like a mirror to Hornet—fast, agile, and precise in her own ways. Launching rapier thrusts and screen-filling whirlwind strikes and throwing up cheeky parries when she appears vulnerable, she forces me to lock in and make the most of my full arsenal.

That means plenty of dashes and divekicks, but also finding the right moments to launch swift throwing knives. They’re helpful for grabbing every damage opportunity, but I can’t rely on them entirely—and not just because their ammo is limited.

Getting in close and landing a few old fashioned strikes is vital, because it charges my magic bar. What’s that for? Well, it depends what kind of player you are. For the cautious, filling it to max lets you spend it for a burst of healing. But there’s a more reckless choice: spending chunks of it to launch super-charged attacks.

In the end, a little of both (and some very skin-of-my-teeth evasion) sees me through to vanquish my foe—but she jumps away off-screen before the killing blow, and I’m sure she’ll return for a harder fight later down the line.

I can’t wait to meet her again. Heading into this, my fear was that Silksong couldn’t live up to how high its expectations have climbed. In a way that’s true—if you’re hoping for a sea change for the genre, I didn’t see anything in this 30 minute slice to suggest one. It’s new but it’s safe, working in familiar metroidvania formulas.

Yet those 30 minutes sucked me right back into Hollow Knight’s world, much more than I even expected. By the end I was desperate for another 100 hours. If what you’ve been waiting for is more Hollow Knight, but even better, more refined, and needle-sharp, this seems to be it.

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August 20, 2025 0 comments
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More action than RPG, Vampire: The Masquerade - Bloodlines 2 struggles to convince after a few hours' play
Game Reviews

More action than RPG, Vampire: The Masquerade – Bloodlines 2 struggles to convince after a few hours’ play

by admin August 20, 2025


I can’t hide it: I’m a little disappointed. The wait for Vampire: The Masquerade – Bloodlines 2 has been an excruciating one. This is the long-awaited follow-up to the flawed but respected Bloodlines 1 from 2004, and it was originally announced in 2019 with a release date of 2020. But it was systematically delayed, then full-on suspended, before being resurrected at The Chinese Room (Still Wakes the Deep) where it’s been reshaped for release. Bloodlines 2 has had problems. The question is: does it still have problems and has it been worth the wait?

Vampire: The Masquerade – Bloodlines 2

Having played Bloodlines 2 for a few hours in a preview build my answer – frustratingly for you – is I’m not sure. I have mixed feelings. There are things I really like about it – I love how powerful it makes you feel as a vampire from the very beginning of the game; the action feels great – but I’m concerned by how narrow the game is as a role-playing experience. Too often I feel led through metaphorical corridors from point A to B, as though I’m playing a predetermined experience rather than shaping one of my own. I think it’s telling that Paradox is leaning into the “action” part of the “action RPG” descriptor; from what I’ve played, this is more like an action or stealth game, with some RPG elements, rather than the other way around. And given the extensive and exhaustive resource material involved – a tabletop RPG that’s been running for decades – that disappoints me. But there are upsides to this approach.

The things I like, then: Bloodlines 2 wastes no time making you feel cool. You do not wake as a fledgling vampire but an elder one who’s been asleep for a hundred years. From the moment you take control of this character – a character cringingly called “Phyre” (“fire”), and who likes to announce their name at every given opportunity – you can already do incredible things. You can scramble up walls like a spider, even entire buildings if you plan your route right, and leap off the other side, to the ground, and take no damage. You can move with blur-like vampire speed, float through the air, and punch people so hard they float – well, fly – through the air. You can telekinetically grab at objects and then hurl them wherever you want. You can even telekinetically grab people. There’s no gradual build-up of power here: you are, from the beginning, a beast.

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It feels great. There’s a snap and a pace and a wallop to everything you do. Even a small thing like climbing up a ladder is sped-up so that it’s like doing it on fast-forward. And as you start to unlock more powers as you level up, which differ slightly depending on which of the game’s six clans you join – I joined the Brujah clan, which are brawlers – the action gets more ridiculous still. (Note: two of the clans you have to pay to unlock, which is grubby.) I have a Lightning Punch ability that rapidly strikes, countless times, anyone who I ‘mark’ nearby to be punched. I pulverize them in a blur of action. I have a charge that makes me thunder towards anyone in my path and pick them up and slam them into whatever I’m running towards. Tactility: there’s a lot of it here.

This is the upside to the game’s somewhat obvious action focus. The more linear approach to levels and situations also means areas have been shaped specially to encourage entertaining, platformer-like traversal, and that they’ve been decorated to a high degree because designers know where the level you’ll be. Take the derelict building you wake up in, for example: there’s only one route through it as you work your way onto the roof, away from inquisitive police, so visually, the crumbling ruin of the place is writ large all around you. Developer Chinese Room showed what flair it has for environmental storytelling in Still Wakes the Deep, on that wonderfully touchable and dilapidated 1970s oil rig, and you can see that expertise here too. The dimly lit griminess of it. The posters on the wall. The graffiti. The walls smeared in blood. It’s exactly the atmosphere a Bloodlines game begs for. The detail in your home-base apartment, a kind of disgusting, makeshift laboratory, is incredible.

This is the male version of the main character Phyre, who I don’t think you can structurally customise. You can change his hair and piercings and clothing but not completely customise who you are. I guess it’s for cinematic reasons. He’s a bit annoying. | Image credit: Paradox / The Chinese Room

Nice though they are to look at, in these areas there’s little you can actually interact with – a problem that carries right across the game. Take the city of Seattle, for instance, where the game’s set. It looks nice, caught as it has been in heavy snowfall, and moody in the dark, lit by pools of streetlight or car headlights. But the only doors you can interact with are the ones that lead to specific quest objectives, of which there are only one or two in the preview build, and the only people you can interact with… Well, you can utter a few words to some people, in an effort to lead them into an alley to drink their blood, which regenerates health or regains special ability charges, or earns you a kind of upgrade currency, but that’s about it. For the most part, it feels like a place filled with non-interactive extras.

This feeling extends to the building environments you enter. There’s a hotel lobby that’s full of people at a Christmas do, but I can’t interact with any of them. Then, when I get to the more gamey areas of the hotel, which are where I’ll fight some packs of low-level vampires – thugs, really – there’s no one else around. These halls and corridors are mostly empty with only occasional clusters of enemies there. It’s a bit dull. Even the more central characters don’t inspire much excitement when you meet them. They’re nice enough to look at but predictable to the point of stereotype – with exception of Tolly, a disfigured nosferatu who injects much needed humour and charisma – and the interactions with them feel stiff. There’s not much intrigue in the dialogue. You can provoke reactions, such as arousal or embarrassment or annoyance, which suggests these things mean something in a gameplay sense, but how that plays out is unclear for now from what I’ve played.

I wasn’t allowed to take my own screenshots so I’ve had to use these supplied ones, which don’t really show the game in action very well. All the same, they highlight some of the nice lighting and atmosphere and character design, which can be very striking. | Image credit: Paradox / The Chinese Room

Thankfully the story does have some intrigue of its own – it’s literally embedded in you. You wake with not so much a voice in your head as a whole other personality, who happens to be – bizarrely but brilliantly – a noir-style private investigator, which prompts an amusing clash of styles between him and his overly dramatic inner monologues, and your surliness. It also allows you an on-board narrator who can explain the world as you adventure through it. Actually, the best part of the preview came when inhabiting the PI-style character through a memory of his, because he had access to a different range of vampire abilities – mind-affecting ones. The gameplay challenge here became extracting information through dialogue from characters who didn’t necessarily want to give it, which was much more interesting than rote battles with uninspiring packs of vampire thugs. It was a glimpse at the sort of thoughtful dialogue interaction I had hoped the game would have.

Look, there’s still hope. This, it’s worth remembering, is a preview build of a game still a couple of months from release, and it’s only the start of the experience – the part that typically lays some ground rules before opening up and letting you do what you want to do. I fully expect this empty-feeling Seattle playground to populate with places to go and people to meet. At least, I hope that’s the case. But I also expect a preview build to be designed to showcase the best parts of the game I’m previewing, and for the beginning of a game to grab and dazzle a player, and convince them to stick around. I did enjoy some of what I played, and I’m willing to give it another go. But I wasn’t grabbed or dazzled.

I’m always wary of critiquing a game for what it’s not, rather than meeting it where it is – and just to emphasise, the focus on action here makes plenty of sense. But this is a sequel to a cult RPG after all, and one based on a major tabletop RPG to boot. In this case it feels valid to crave a little more role-playing, a little more texture and depth to the game’s people and conversations. And so for now, a question mark remains.



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August 20, 2025 0 comments
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Ethereum Whale Activity Surges: $280M Purchased In 24 Hours
GameFi Guides

Ethereum Whale Activity Surges: $280M Purchased In 24 Hours

by admin August 17, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum has entered the spotlight once again after reaching a multi-year high above $4,790, only to retrace toward critical demand levels. The move highlights ongoing volatility as bulls remain patient, waiting for a breakout beyond the $4,900 level, a threshold that would push ETH into uncharted price territory. While the retracement may seem like a pause, market structure still favors strength, with higher lows forming and momentum shifting toward accumulation.

What makes the current setup even more compelling is the surge in whale activity. Arkham Intelligence data revealed that three new whale addresses collectively purchased $279.5 million worth of ETH in just the past 24 hours. These transactions underscore confidence from deep-pocketed players at a moment when Ethereum is consolidating below key resistance. Such large-scale accumulation typically signals expectations of further upside, aligning with growing optimism that ETH could soon break above its historic ceiling.

With supply on exchanges continuing to decline and institutional demand rising, Ethereum’s next move carries weight for the broader altcoin market. Traders and investors alike will be watching closely, as the convergence of whale accumulation and technical resilience suggests that Ethereum could be on the verge of another explosive phase.

Ethereum Whale Accumulation Deepens As Bitmine Expands Holdings

Ethereum’s bullish narrative continues to strengthen as whale activity accelerates. Arkham’s AI has linked the latest wave of ETH purchases to Bitmine, raising questions about whether strategist Tom Lee is doubling down on Ethereum exposure. Bitmine’s total ETH holdings are a staggering 1.174 million ETH, valued at around $5.26 billion at current prices.

Ethereum Whale Accumulation | Source: Arkham Intelligence

This scale of accumulation places Bitmine among the most influential players in the Ethereum ecosystem, with its wallet activity now drawing comparisons to major institutional participants. The timing of these buys is especially significant, arriving as ETH consolidates just below the $4,900 mark, with bulls watching closely for a breakout into uncharted price territory.

What’s more, this accumulation trend aligns with moves from companies like Sharplink Gaming, which have also been positioning aggressively into Ethereum. The shift highlights a broader pattern: institutional actors are increasingly viewing ETH as a long-term strategic asset, not just a speculative play.

Adding further fuel to the bullish outlook, exchange supply is drying up while OTC desks report running out of Ethereum. This supply squeeze is historically a precursor to major rallies, as demand from whales and institutions collides with reduced availability. If these dynamics persist, Ethereum may be entering one of its most explosive phases yet, with whale behavior acting as the clearest signal of confidence.

ETH Holds $4,400 After Sharp Decline

Ethereum’s 4-hour chart highlights a healthy pullback from the recent peak near $4,790, with the price now consolidating around $4,414. This decline comes after a strong multi-week rally, suggesting that the move is more of a cooldown phase rather than a full trend reversal.

ETH testing key demand level | Source: ETHUSDT chart on TradingView

The 50-period SMA at $4,407 is now acting as immediate support, making this level a critical short-term battleground. If bulls can defend it, momentum could quickly shift back toward the $4,600–$4,800 resistance area, where ETH was recently rejected. A confirmed breakout above $4,900 would validate bullish strength and set the stage for fresh all-time highs.

On the downside, the 100-SMA ($4,025) and 200-SMA ($3,822) remain deeper support zones that could absorb stronger selling pressure if the $4,400 area fails. Importantly, trading volume shows heavy activity during the rally followed by lower participation during the retrace, implying sellers are not in full control.

Overall, Ethereum remains in an uptrend, but the current consolidation will determine its next leg. Holding above $4,400 keeps bulls in control, while a drop below could trigger a short-term correction before the uptrend resumes. This makes the coming sessions pivotal for ETH’s trajectory.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 17, 2025 0 comments
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10,005,565,182,315 Shiba Inu (SHIB) in 24 Hours: Mind-Blowing Comeback
NFT Gaming

10,005,565,182,315 Shiba Inu (SHIB) in 24 Hours: Mind-Blowing Comeback

by admin August 17, 2025


In a single day, Shiba Inu recorded an incredible on-chain transfer volume of over 10 trillion tokens, showing that network activity has picked up speed following weeks of inactivity. Alongside this increase in transfer volume, Etherscan data indicates that the number of transactions remained stable at about 5,400, indicating that whale-sized movements rather than retail flows were the main driver.

Shiba Inu stays enclosed

SHIB is currently trading close to the $0.00001300 level as it attempts to level off following its recent erratic performance. As it presses against several technical resistances that have limited upside momentum, the asset is trapped inside a convergent triangle structure.

SHIB/USDT Chart by TradingView

The 26 EMA, which SHIB has had difficulty holding above in recent weeks, is the first source of resistance. The 50 EMA, which is located just above the market, serves as a recurrent rejection zone. The technical pressure is further increased above that by the addition of a ceiling by the 100 EMA. The descending trendline, a structural resistance that has continuously pushed the price lower, is the fourth barrier.

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Last but not least, the 200 EMA, which is aligned close to $0.00001420 and has consistently obstructed bullish advances since spring, is the most problematic barrier. The daily chart’s steadily rising volume is not totally bullish; high volume without robust price follow-through may suggest distribution rather than accumulation.

The fact that the RSI is still neutral indicates that SHIB has flexibility to move either way. Near $0.00001350 and $0.00001420, the latter of which is the 200 EMA test, are the next upside targets if bulls are able to break through the layered resistance cluster.



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August 17, 2025 0 comments
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Shiba Inu Exchange Reserves Surge to $929 Million in 24 Hours
GameFi Guides

Shiba Inu Exchange Reserves Surge to $929 Million in 24 Hours

by admin June 24, 2025


  • New bullish attitude towards SHIB
  • Binance tops exchanges in SHIB inflows

The exchange balance of Shiba Inu on all platforms surged to a stellar figure of $929 million, according to the data shown by CryptoQuant. 

This occurred in less than 24 hours on June 22–23, which can be viewed as a clear movement of the coin in the market.

Likewise, the value of Shiba Inu has also been on an upward curve, increasing by 7.66% to make the price $0.00001112, as shown by CoinMarketCap data in the last 24 hours.

Source: CoinMarketCap

A high exchange reserve indicates a large amount of Shiba Inu that can be traded, hence more prospects of profit. As the price and exchange reserves increase, it indicates a rising interest in the coin that may imply upcoming value gains.

With huge shares of Shiba Inu not being withdrawn off exchanges, the reserves suggest trustworthiness in the token by its holders.

New bullish attitude towards SHIB

Fresh data from Coinglass also throws more light on the current trading trends that prove positive to investors and traders. 

The trading volume of SHIB decreased by 10.38% to $193.03 million, which indicates a slight slowdown. However, open interest rose 5.59% to $130.01 million.

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This combination of stable reserves and rising available interest is a pointer to the market that has strengthened, which is consistent with the increase in price observed during the last few days. 

The traders on the Binance, as well as OKX exchanges, are also taking more long positions, where the ratios stand at 1.0538 and 2.28, respectively.

Binance tops exchanges in SHIB inflows

In the meantime, a heatmap (from the same data) that monitors the net flows of big cryptocurrency exchanges provides an insight into the new market trends. 

The heatmap depicting the last 12 hours presents Binance as the top with $1.02 million (in red to indicate an intense process). Bybit comes next with a figure of $288.40K.

Coinbase rounds the top three with an inflow of $218.99K. But the stand-out among them is OKX’s $262.87K in green, which could appeal to investors eager to find long-term growth.

A previous report showed that there’s increasing sell pressure from the technical and on-chain indicators. Hence, the coin’s price has dropped below important support levels.

Meanwhile, the meme coin has continued its deflationary burn mechanism with the token’s supply dropping to 589 trillion from one quadrillion.



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June 24, 2025 0 comments
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15,050,000,000,000 SHIB in 24 Hours, Shiba Inu Reversal Imminent?
NFT Gaming

15,050,000,000,000 SHIB in 24 Hours, Shiba Inu Reversal Imminent?

by admin June 22, 2025


According to CoinMarketCap data, an eye-catching 15.05 trillion SHIB has changed hands in the last 24 hours, marking a 61% surge in volumes.

Despite the surge in trading volume, SHIB’s price has taken a hit, dropping 6.52% in the past 24 hours to $0.00001055 and down 12% on the week. The drop comes amid a broader market-wide sell-off, with over $701 million in liquidations reported across the crypto space.

Fresh uncertainty had rattled global markets, sending cryptocurrencies into a tailspin. In the last 24 hours, 175,725 traders were liquidated, with $618 million of that total related to long bets that speculated on rising prices.

SHIB/USD Daily Chart, Courtesy: TradingView

Shiba Inu has steadily decreased since its June 11 high of $0.00001362, with 11 out of 12 days in red, including today’s loss.

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The recent drop has pushed SHIB closer to crucial support levels, where buyers may attempt to reenter. SHIB’s price hit intraday lows of $0.00001028, where it saw a rebound in April. The daily RSI has also dipped below oversold levels, implying that a rebound or at least a relief rally is possible in the coming sessions.

Is SHIB reversal imminent?

On-chain metrics and whale tracking platforms have also observed increased movement from large holders, fueling speculation that a reversal could be on the horizon as whales position themselves for a major move.

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Shiba Inu large holder inflows have increased by 1,048% in seven days, following a dramatic surge on June 16 to 15.05 trillion SHIB, a seven-day and six-month high, respectively.

However, caution is still the name of the game. Broader market weakness and continued sell-offs across altcoins could delay any recovery attempts; $0.00001000 remains a critical level that could spark a technical rebound.

A decisive break above the daily moving averages of 50 and 200 at $0.0000134 and $0.0000163 would signal a bullish reversal and the start of a new uptrend for Shiba Inu.

For now, the crypto community is watching closely. With over 15 trillion tokens traded in a single day, momentum is certainly growing. The question is, which way will it break?



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June 22, 2025 0 comments
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10,710,000,000,000 Shiba Inu in 24 Hours, What's Happening?
Crypto Trends

10,710,000,000,000 Shiba Inu in 24 Hours, What’s Happening?

by admin June 21, 2025


Shiba Inu (SHIB) investors, in the last 24 hours, have locked a total of 10.71 trillion SHIB in open interest as the meme coin continues to witness volatility. The recent market dynamics show SHIB’s price has dipped by over 3% within this time frame.

SHIB price slips, but futures interest remains strong

As per CoinGlass data, the open interest reveals that investors have committed $129.51 million in fiat to lock 10,710,000,000,000 SHIB. This is occurring as general market volatility continues to prevail on Bitcoin and altcoins.

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The dog-themed meme coin remains in the red zone as the price has dropped significantly. As of this writing, Shiba Inu exchanges at $0.00001138, representing a 3.32% decline in the period under consideration.

Meanwhile, trading volume remains significantly high by 58.65% at $131.56 million. This indicates that traders continue transacting, possibly in a huge sell-off or accumulation at the reduced price.

Despite the increased volatility, Shiba Inu investors have committed approximately $130 million to the meme coin’s futures. The reduced amount compared to previous activities of investors suggests fading enthusiasm on the part of SHIB traders.

At the current setup, more than half of the open interest was held by traders on the Gate.io exchange. These investors account for 54.83%, or 6.24 trillion SHIB, valued at $71.02 million. Bitget and OKX are two other notable trading venues where 1.75 trillion SHIB and 1.23 trillion SHIB were committed, respectively.

Shiba Inu key support zone under threat

Amid this price stagnation, Shiba Inu investors have their eyes fixed on the $0.000011 price level. Notably, this price has been identified as a crucial support for the meme coin, as about 222,450 addresses accumulated 43.8 trillion SHIB tokens at this price.

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If SHIB plunges further or threatens to breach this critical support, investors looking to cut losses could massively sell off the ecosystem.

In the meantime, Shiba Inu remains resilient, battling market volatility and staying ahead of other altcoins, such as Litecoin, in market capitalization.



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June 21, 2025 0 comments
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Trump Adviser’s Firm Raises $51.5M In 72 Hours To Buy Bitcoin
GameFi Guides

Trump Adviser’s Firm Raises $51.5M in 72 Hours to Buy Bitcoin

by admin June 21, 2025



Nakamoto Holdings, started by David Bailey, a crypto expert advising U.S. President Donald Trump, has raised $51.5 million in just 72 hours by selling shares at $5 each. This money, announced by their partner KindlyMD, shows that investors believe in Nakamoto’s plan to buy and hold a lot of Bitcoin. 

Together with KindlyMD, Nakamoto Holdings has now raised $563 million, or $763 million including convertible notes, as they get ready to merge in fall 2025.

Bailey said, “People want to invest in us, and he further added that we are working to raise more money to buy more Bitcoin.” Nakamoto, launched in 2025, wants to follow companies like MicroStrategy by keeping Bitcoin as a major asset. Most of the new money will go toward buying Bitcoin, with some used for running the company. 

KindlyMD, a healthcare company listed on Nasdaq, agreed to merge with Nakamoto in May. After the merger, the new company plans to create businesses focused on Bitcoin, like in finance or media. It stated that it will use stocks and loans to buy more Bitcoin. 

A website called BitcoinTreasuries stated that 27 companies have added Bitcoin to their accounts last month, showing that more businesses are interested in owning Bitcoin. There are risks for companies like Nakamoto Holdings. Fakhul Miah from GoMining Institutional said smaller companies might not have strong enough protections for their Bitcoin investments. 

Standard Chartered, a bank, warned that if Bitcoin’s price falls below $90,000, some companies could lose money or have to sell their Bitcoin, which might make the crypto market look bad. Even with these risks, both firms are moving forward with their merger, and they have further plans to keep buying Bitcoin.

This bold strategy positions these businesses as important players in the expanding cryptocurrency market, but they must exercise caution due to the significant volatility of Bitcoin’s price.

Also Read: Parataxis to Launch South Korea’s First Bitcoin Treasury Firm



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June 21, 2025 0 comments
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12,385,936 SHIB Destroyed in 24 Hours, What's Next for SHIB Price?
GameFi Guides

12,385,936 SHIB Destroyed in 24 Hours, What’s Next for SHIB Price?

by admin June 21, 2025


  • SHIB burn rate up 12,285.94%
  • What’s next for the SHIB price?

Although the crypto market has continued to show bearish signs across major cryptocurrencies, SHIB has flipped bullish in this key metric. 

Data from on-chain tracking service Shibburn reveals a staggering five-digit spike in SHIB’s burn rate, as millions of SHIB tokens were wiped out of circulation over the last 24 hours.

SHIB burn rate up 12,285.94%

With SHIB’s burn rate skyrocketing by a massive 12,285.94% in just one day, the dog-themed meme token Shiba Inu (SHIB) saw a total of 12,385,936 SHIB tokens permanently removed from circulation on June 20.

Source: SHIBBURN 

This rapid surge in SHIB’s burn rate has sparked interest across the crypto ecosystem, especially as the token had been experiencing consistent lows in its burn rate over recent weeks. Therefore, the five-figure increase seen today reflects a remarkable resurgence, as demand for the token appears to be returning to earlier levels.

The latest removal of millions of SHIB tokens from circulation has brought SHIB’s circulating supply down to 584,525,215,730,881, highlighting the Shiba Inu team’s ongoing commitment to creating scarcity and driving up the value of the leading meme coin.

What’s next for the SHIB price?

While the SHIB team remains committed to the project’s deflationary strategy, SHIB holders closely monitor this activity to anticipate potential price movements.

Token burns are a key part of Shiba Inu’s long-term roadmap. By sending tokens to inaccessible wallets, the team effectively removes them from circulation forever.

This sharp increase in the burn rate is significant for SHIB investors, as a decreasing supply can potentially boost demand. This suggests growing on-chain activity, which could turn bullish for the token.

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Despite the spike in this critical metric, SHIB price has not yet responded and continues to trade in the red. Still, holders are optimistic that this resurgence in the burn rate could signal a short-term price recovery.

While this latest burn is one of the largest in recent weeks, it underscores the Shiba Inu community and developers’ strong commitment to managing the token’s supply.



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June 21, 2025 0 comments
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