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Hunter Biden: Over 12% of LAPTOP tokens have been permanently burned, with the burn mechanism triggered by a Nobel Peace Prize prediction.

1 hours ago

Hunter Biden, son of U.S. President Joe Biden, announced in a post that over 12% of the total supply of LAPTOP tokens has been permanently burned. Of the burned tokens, 30% are tied to real-world prediction outcomes: if the relevant prediction comes true, the corresponding tokens will be burned; if the prediction does not materialize, the tokens will be donated to charity. The burn was triggered by a prediction related to the Nobel Peace Prize, and also includes all unclaimed airdrop tokens.

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Analysis: Bitcoin’s resistance zone of $87,000–$87,800 remains intact; a breakout of this range may spark sharp volatility.

Glassnode noted in a publication that Bitcoin’s key fourth-quarter price level is currently holding steady. The firm previously pointed out in the "Charting Crypto" report, co-authored with Colin Basco and the Coinbase Institutional team, that BTC faces resistance in the $87,000 to $87,800 range. Since then, Bitcoin’s price has been blocked at this level and has continued to consolidate below it. Glassnode believes that if Bitcoin breaks out of its current consolidation range, significant market volatility may occur, but a major sell-off pressure zone remains around the $90,000 mark.

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Over the past four hours, global crypto market liquidations hit $155 million, with short positions accounting for $140 million of the total.

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A new crypto address lost $1.11 million over two days and was liquidated five times in the past hour.

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