Transaction URL: https://etherscan.io/tx/0xcc196acc5aebbfddf45dfbcfc2e9c33e7c7ca043d6ccb91060fa32cdca523a68
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Bitcoin‘s BTC/USD volatile trading around the $100,000 mark has sparked heated debate about what it driving the increased volatility.
What Happened: On Thursday, Bitcoin reached $103,000 before experiencing a sharp flash crash to $92,000, driven by aggressive profit-taking and cascading liquidations in an overheated derivatives market.
According to Coinbureau co-founder Nic Puckrin, realized profits hit their highest levels since November 2021, echoing a past scenario that triggered a significant correction.
The crash wiped out $500 million in liquidations within 24 hours but found support in the $92,000–$94,000 liquidity zone. BTC has since rebounded, though further…
Read more on Benzinga
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Happy Friday!
The bitcoin blues are real today, though We’ve been told by many a bull that there’s still a few weeks left in December to hit another new all-time high. We’ll just have to see if that pans out.
Keep calm and carry on, as the UK government once advised. We think it’s pretty relevant right now.
Anyway, this morning, we’re diving into this cycle and why it’s really not that different from past cycles (sorry, y’all) and a lot of people have thoughts on AI agents and where they go from here.
See you bright and early Monday.
This time is no…
Read more on Blockworks
California-based healthcare company Semler Scientific has strengthened its Bitcoin holdings, acquiring an additional 303 BTC for $29.3 million. This purchase, announced on Thursday, brings the Nasdaq-listed firm’s total Bitcoin treasury to 1,873 BTC, acquired at an average cost of $78,553 per BTC, for an aggregate investment of $147.1 million.
The recent purchase was made at an average price of $96,779 per Bitcoin, including fees and expenses. The company’s Bitcoin holdings are now valued at approximately $184 million. Semler’s strategy, which began earlier this year, has proven lucrative, with the firm reporting a Bitcoin Yield (BTC Yield) of 78.7% since July 1. This KPI is used to evaluate the performance of its Bitcoin treasury strategy and its impact on shareholder value.
Despite a 7.65% drop in its stock price on Thursday, Semler Scientific’s shares have gained 46% in the past month and 32.5% year-to-date. The firm now ranks as the 14th-largest Bitcoin holder among publicly traded companies, following major players like MicroStrategy and Marathon Digital.