Lookonchain APP

App Store
Feeds Articles

Tom Lee: Selling BTC as a Strategy Seems More Like a Typical Bottoming Market Behavior

49 minutes ago

June 2 — Bitmine Immersion (BMNR) Chairman Tom Lee stated in a recent interview that current market jitters over institutional trends and insider selling are more indicative of a market bottoming out than a sustained bearish trend. Lee downplayed market concerns about Michael Saylor, Chairman of Strategy Execution, selling 32 Bitcoin during Tuesday’s interview. “Michael had already made his plan to sell some Bitcoin public earlier, so this is just him following through on that pre-set schedule,” Lee explained. “At the end of the day, he still holds 99.99% of his total Bitcoin holdings—he only generates real profits if Bitcoin’s price rises.” Saylor sold the 32 Bitcoin at an average price of roughly $77,135, netting around $2.5 million to cover preferred stock dividends. This marks Strategy’s first Bitcoin sale in nearly four years, sparking market speculation that this prominent corporate Bitcoin holder might be shifting its long-term hodling strategy.
Add to Favorites Download image Share x Copy link
Relevant content

Bitcoin Falls Below $69,000

June 2nd: HTX market data shows Bitcoin fell below $69,000, currently trading at $68,979, with a 4.35% decrease over the past 24 hours.

8 minutes ago

SOL Strategies has announced a $18 million acquisition of Houdini Swap

June 2 — Canadian publicly traded company SOL Strategies announced Tuesday it has completed its previously disclosed acquisition of Houdini Swap, a $18 million transaction structured via a combination of cash and SOL Strategies common stock. Houdini Swap is a privacy-focused, non-custodial cross-chain transaction aggregation platform. To date, it has processed roughly $2.5 billion in total cross-chain exchange volume, and is projected to generate more than $13 million in revenue by 2025 through partnerships with 32 exchanges. SOL Strategies noted the acquisition strengthens its position in the Solana ecosystem. Beyond its existing validator infrastructure and liquidity staking businesses, the company has now added a nearly three-year-old trading operation with consistent revenue growth and significant transaction volume, expanding its digital asset infrastructure footprint. The deal was first announced on May 4, 2026, and has now been formally finalized.

8 minutes ago

If Bitcoin falls below $67,000, the mainstream CEX's cumulative long liquidation amount will reach $776 million.

June 2nd, per Coinglass data: If Bitcoin dips below $67,000, total long liquidations across major centralized crypto exchanges (CEXs) will hit $776 million. Conversely, if Bitcoin surges past $71,000, total short liquidations on these leading CEXs will reach $903 million. BlockBeats Note: Liquidation charts don’t display exact contract counts or their precise liquidation values. The bars on these charts represent the "strength" of each liquidation cluster—their relative importance compared to neighboring clusters. This means the chart shows how sharply the underlying asset’s price will react when it hits a specific level. A higher liquidation bar signals that reaching that price point will trigger a more intense price move due to a liquidity cascade effect.

8 minutes ago

Iranian Media: Strait of Hormuz Transit Permit Application Now Open

June 2 – Iranian media reported Tuesday that the Strait of Hormuz’s vessel passage permit application system has been fully opened, allowing global ship owners and captains to submit transit requests 24/7. According to the reports, ship operators can file their applications through an electronic system set up by the strait’s managing authority. Once approved, vessels will receive official passage permits.

8 minutes ago

SpaceX Pressures Banks to Achieve Record-Low IPO Fee Rate

On June 2, SpaceX is pushing the banks underwriting its upcoming initial public offering (IPO) to agree to a record-low underwriting fee, according to market sources. The company is in talks with its IPO underwriters to secure a rate of less than 0.75%. Even with the reduced fee, the banks involved could still generate roughly $500 million in revenue from the offering.

8 minutes ago

Federal Reserve Harker: It Is Reasonable to Keep Rates Steady

On June 2, Federal Reserve official Harker noted that holding interest rates steady is the appropriate move at this time. If high inflation persists, a larger adjustment may be necessary. Should the inflation trend fail to cool down, the Fed might need to take action promptly. (FX168)

8 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join