Bitcoin (BTC) — Onchain News & Whale Tracking

The UK Insolvency Service appoints first full-time cryptocurrency expert to assist in the recovery of Bitcoin and other assets

On June 10th, as per official channels, the UK Insolvency Service has appointed its inaugural dedicated cryptocurrency intelligence expert with the aim of retrieving more funds for the UK economy through bankruptcy cases. The former police investigator, Andrew Small, will aid in tracing digital assets in criminal scenarios and furnish the agency with in-depth insights into the cryptocurrency market. The Insolvency Service is tasked with tracing and recovering funds and assets belonging to bankrupt individuals or liquidated companies during bankruptcy proceedings.

The Bitcoin Core development team has scheduled the OP_RETURN change for October.

June 10th. According to Protos, the Bitcoin Core development team made an announcement. In the Core 30 version set to be released in October, they will make a modification to the default setting of OP_RETURN. The data carrier limit will be increased from 80 bytes to nearly 4MB. This decision represents a milestone victory for the reformist camp led by Antoine Poinsot in a long-standing dispute with conservatives like Luke Dashjr.

Analyst: Bitcoin 50-Day and 200-Day Moving Average Divergence Widening Confirms Mid-Term Bullish Outlook

On June 10th, Jose Antonio Lanz, a Decrypt analyst, stated that the gap between the 50-day Exponential Moving Average (EMA) and the 200-day EMA of Bitcoin is widening. This is typically a signal indicating that the bullish momentum is strengthening. The moving average essentially represents the average price of an asset over a specific period. In this case, it is the average prices over the past 50 days and 200 days, respectively. A larger gap suggests a stronger market trend. This trend confirms the mid-term bullish outlook and successfully avoids a potential "death cross." As a result, the short-term moving average range is more likely to be seen as a strong price support zone. In other words, even if there is a price pullback, it is less likely to fall below the key support level of $100,000. Currently, the EMA line is precisely at this level.

Bitcoin Surges Above $110,000

On June 10th, based on HTX market data, Bitcoin experienced a rebound and broke through $110,000. It is currently trading at $110,230, with a 24-hour increase of 4.19%.

Paraguay President's X Account Hacked, 'Declaring Bitcoin as Legal Tender' News is Fake

On June 10th, according to Reuters, the X account of the President of Paraguay was hacked. The hacker put up misleading false news stating that Bitcoin was the legal tender of the country and deceived journalists.

Paraguay Announces Bitcoin as Legal Tender

On June 10th, as per Bloomberg, the President of Paraguay has declared that the country has made Bitcoin its legal tender. The Republic of Paraguay, commonly referred to as Paraguay, is a sovereign nation in South America. It is a landlocked country positioned on both banks of the Paraguay River. Its southern border is entirely adjacent to Argentina, while in the northeast and northwest, it shares boundaries with Brazil and Bolivia respectively. Paraguay is a member of the Union of South American Nations and the Southern Common Market.

Publicly traded company KULR is seeking to raise $300 million through a common stock offering to increase its Bitcoin holdings.

On June 9th, the publicly traded company KULR is aiming to raise up to $300 million by conducting a market issuance of common stock. Currently, the company possesses 800 bitcoins and intends to utilize the raised funds for general corporate purposes, which include purchasing additional bitcoins. It is reported that KULR has also leased 5,500 S-19 Bitcoin mining machines through two agreements, with a total amount exceeding $4 million.

Bitcoin briefly touches $108,000

On June 9th, according to HTX market data, Bitcoin witnessed a brief upward surge and reached $108,000. It has now retraced and is at $107,590, with a 24-hour percentage change of 1.62%.

Publicly traded company Belgravia Hartford completes first Bitcoin reserve purchase, with an average price of $102,848.

June 9th - The publicly traded company Belgravia Hartford Capital Inc. in Canada announced on June 9, 2025, that it has successfully completed the first transaction of its Bitcoin reserve strategy. The company has obtained a credit facility of up to $5 million from Round13 Digital Asset Fund L.P. and has drawn out the initial $5 million. Among them, $500,000 was used to purchase 4.86152969 bitcoins at an average price of $102,848.29 per bitcoin (including all fees and expenses). This action comes after the company's announcements of its Bitcoin reserve strategy plan on May 28th and June 4th, 2025, marking another publicly traded company integrating Bitcoin into its reserve assets.

The "20x Long Bitcoin" Whale has increased its long position to $183 million, with a liquidation price of $102,830.

On June 9th, as monitored by EmberCN, the whale that had previously taken a long position 20 times on Bitcoin on Hyperliquid has once again increased its long position. Its liquidation price has now reached $102,830. The total position is $182,986,657.79, with an average entry price of $107,167.3. Currently, there is an unrealized loss of $7,369.39.

Publicly traded company Anemoi has allocated approximately 30% of the company's cash reserves to Bitcoin

June 9th - The board of directors of Anemoi International, a UK-listed company, declared that after the announcement on June 6, 2025, the company has allocated approximately 30% of its cash reserves to Bitcoin. The board considers that the company's revised financial management strategy is entirely in line with its current core business, and it is expected that further announcements regarding the company's business and financial management strategy will be made in the near future. Anemoi International Ltd. is a holding company based in the British Virgin Islands. The company conducts operations through its subsidiary, id4 AG, a regulatory technology company that offers digital solutions to small and medium-sized financial institutions.

A whale has gone long on Bitcoin with 20x leverage, currently sitting on a unrealized profit of $1.06 million.

On June 9th, as monitored by EmberCN, a whale took a long position on Bitcoin with a 20x leverage on Hyperliquid. The entry price was $107,089.9. Currently, the overall position is valued at $157 million, and the liquidation price is $101,570.

Crypto Mining Firm BitMine Acquires 100 Bitcoins, Initiates Company Reserve Strategy

On June 9th, the cryptocurrency mining firm BitMine Immersion Technologies announced that it had utilized the proceeds from a recent stock offering to purchase 100 bitcoins on the open market, thus officially initiating its Bitcoin reserve strategy. The company indicated that it would continue to accumulate Bitcoin in the future as a long-term investment and an essential part of its business.
BlockBeats had previously reported that on June 5th, the Bitcoin mining company BitMine Immersion Technologies, Inc. (NYSE American: BMNR) announced the completion of an $18 million initial public offering, during which 2.25 million shares of common stock were issued at a price of $8 per share and it had been approved for listing on the NYSE American. The company intended to use the net proceeds from the offering to purchase Bitcoin.

Publicly traded company KULR increases its Bitcoin holdings by 118.6 BTC at an average price of $107,861.

On June 9th, Michael Mo, the CEO of the publicly traded company KULR, announced that the company has expended approximately $13 million to boost its holdings of 118.6 BTC, with an average purchase price of $107,861. As of June 5, 2025, they possess 920 BTC, and the year-to-date Bitcoin return is 260%. BlockBeats had previously reported that on May 27th, the energy management company KULR Technology Group will be officially included in the 2025 Russell 3000? Index after the market opens on June 30th. This restructuring is based on the market capitalization rankings as of April 30th, and KULR is also included in the Russell Microcap? Index simultaneously. CEO Michael Mo stated that this move is anticipated to enhance the company's visibility and liquidity among institutional investors. It is worth noting that KULR had already integrated Bitcoin into its treasury strategy last year, with up to 90% of the remaining cash available for BTC allocation.

Analysis: The source of funds for this Strategy's Bitcoin purchase came from the sale of STRK and STRF and did not involve selling any MSTR shares.

June 9th. As per Cointelegraph, Strategy acquired 1,045 bitcoins from June 2nd to June 8th, with an average price of $105,426. During this bitcoin acquisition, Strategy did not sell any MSTR shares, and the funds were sourced entirely from the market-at-market sale proceeds of STRK and STRF.

Tether to Open Source its Bitcoin Mining Operating System (MOS)

On June 9th, Tether's CEO declared that they are determined to open source their Bitcoin Mining Operating System (MOS). This move will enable a significant number of new Bitcoin mining companies to enter the market and engage in the competition to ensure network security. There will no longer be a need for any third-party hosting software. MOS will establish a more level playing field, narrowing the gap between publicly listed companies and small to medium-sized miners. This mining operating system features strong scalability, resilience, and modularity, with a core architecture based on peer-to-peer Internet of Things (IoT). It can scale from a Raspberry Pi connected to multiple miners to deploying large mining farms with redundant hosts monitoring hundreds of thousands of miners. MOS comes with built-in plugins for monitoring and interacting with devices such as: - Various mainstream mining machine models/manufacturers - Various miner enclosures (air-cooled, liquid-cooled, etc.) -

Strategy holds 1045 Bitcoin, with an average price of $105,426.

On June 9th, Strategy acquired 1,045 Bitcoins from June 2nd to June 8th, and the average price was $105,426.

Bitfinex Report: Bitcoin at a Crossroads

On June 9th, the Bitfinex Alpha report declared: Due to spot demand, long-term holders taking profits, and the recovery of macro risks, Bitcoin has witnessed a typical upward trend. On June 5th, Bitcoin experienced its last dip, with a single-day long liquidation amount exceeding $875 million, highlighting the degree of deleveraging. During the past week, the total liquidation amount of Bitcoin has exceeded $1.9 billion, and the leverage ratio has now been forcibly reset. The technical structure indicates that the upward trend of Bitcoin is supported by genuine demand. The spot market shows a step-by-step rise, with key accumulation points at $93,000-96,000 and $102,000-104,000. As old holders start to sell off, on-chain indicators currently show increasing selling pressure. In short, Bitcoin is currently at a crossroads - balancing between structural support and a waning bullish momentum, with macroeconomics poised to play a role.

Two Whales Short Bitcoin with High Leverage on Hyperliquid

On June 9th, as monitored by OnchainLens, whales are initiating Bitcoin short positions on Hyperliquid. Whale 1: Initiated a short position with a leverage of 40 times, amounting to $65 million. Previously, it made a profit of $7.58 million. Whale 2: Opened a short position with a leverage of 35 times, worth $43 million.

Japanese publicly traded company ANAP plans to purchase and hold over 1000 bitcoins by August.

On June 9th, as per BitcoinMagazine, the Japanese fashion brand ANAP intends to acquire and hold more than 1000 bitcoins by August 2025. Previously, BlockBeats reported that on April 30th, the Japanese fashion brand ANAP announced that it had purchased 35 bitcoins, and the company currently has a total of 51.6579 bitcoins. ANAP is listed on the Tokyo Stock Exchange with a market capitalization of 18.477 billion yen.

Binance: 1% Bitcoin Cashback Promotion Making a Limited-Time Comeback

On June 9th, as per official channels, Binance declared that the 1% Bitcoin cashback event has made a comeback for a limited period. Users are able to obtain up to 1% Bitcoin cashback by purchasing coins through C2C or by using Instant Buy/Sell to convert to any cryptocurrency. The event will be held from 08:00 on June 4, 2025, to 07:59 on July 1, 2025 (UTC+8).

A certain whale has gone long on Bitcoin with 20x leverage, with a notional position value of $84.53 million.

On June 9th, as monitored by ChainNews, a whale withdrew 10 million USDC from Bybit within the past hour and transferred it to Hyperliquid. Subsequently, it began to take a long position in BTC. Currently, it is still in the accumulation stage, with a position opened with a notional value of $84.53 million. The position is continuously rising. The entry price is $106,767, and the liquidation price is $95,343.

Bitcoin Rebounds to Reach $107,000

On June 9th, based on HTX market data, Bitcoin rebounded and touched $107,000. It is currently trading at $106,990, with a 24-hour increase of 1.83%.

A new address deposited 5.5 million USDC into Hyperliquid and then went long on Bitcoin with 20x leverage.

Total Bitcoin Futures Open Interest Reaches $72.85 Billion

On June 9th, based on Coinglass data, the total open interest of Bitcoin futures contracts across the entire network is 681,880 BTC (approximately $72.85 billion). Among them, the open interest of Bitcoin futures on CME is 151,010 BTC (approximately $16.12 billion), ranking first. The open interest of Bitcoin futures on Binance is 115,120 BTC (approximately $12.3 billion), ranking second.

QCP Capital: Bitcoin Maintains Low Volatility with a Lack of Breakout Momentum, Market Sentiment Turns Cautious

On June 9th, QCP Capital announced on its official channel, "As summer is approaching, Bitcoin (BTC) continues to trade within a narrow range, and the implied volatility remains under pressure. Although the current implied volatility is at a one-year low, it seems 'cheap' on the surface. However, the actual volatility is even lower. Historical data from the past two years shows that short-term option volatility tends to decrease further before July every year. A similar trend was observed around the same time last year." "If the Bitcoin price can break through $100,000 decisively or exceed $110,000, it may rekindle broad market interest. But at the moment, there is no clear short-term catalyst to drive this trend. Although recent macro news has caused brief fluctuations, most of them have been regarded as 'noise' by the market and quickly faded away without triggering a directional breakthrough." "Even with last Friday's U.S. job data exceeding expectations, resulting in stock market

If Bitcoin surpasses $108,000, the mainstream CEX cumulative short liquidation pressure will reach 359 million.

On June 9th, based on Coinglass data, if Bitcoin manages to break through $108,000, the cumulative short liquidation strength on mainstream CEXs will reach 359 million. Conversely, if Bitcoin drops below $104,000, the cumulative long liquidation strength on mainstream CEXs will reach 310 million. BlockBeats' Note: The liquidation chart does not display the precise number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the strength. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a liquidity cascade after reaching that level.

Bitcoin Surges Above $106,000

On June 9th, according to HTX market data, Bitcoin saw a rebound and exceeded $106,000. It is now trading at $106,008, with a 24-hour change of 0.62%.

DWF Partner: Expected Bitcoin Price to Long-Term Rise, But Transaction Volume to Long-Term Decline

On June 9th, Andrei Grachev, the managing partner of DWF Labs, stated on social media that "Bitcoin (BTC) technically falls within the realm of crypto assets. However, in reality, it is more akin to a traditional financial asset (TradFi), and its share in the fiat market will only keep rising." Consequently, we can anticipate that Bitcoin's price will only increase in the long term, while its trading volume is expected to decline in the long term.

The Blockchain Group Teams Up with TOBAM to Launch €3 Billion Bitcoin Capital Increase Plan

On June 9th, according to official channels, Europe's inaugural Bitcoin reserve firm, The Blockchain Group, declared that it has inked an "at market" capital increase agreement with asset management company TOBAM, amounting to 3 billion euros (including the issuance premium). This scheme is intended to expedite its Bitcoin reserve company strategy by incrementally augmenting the per-share Bitcoin holdings under full dilution. TOBAM is capable of applying for share subscriptions as required, and the issuance price will be set based on the higher value between the previous day's closing price or the volume-weighted average price. The daily issuance volume will not surpass 21% of the daily trading volume. TOBAM is a strategic investor in The Blockchain Group.

Analyst: Bitcoin Reclaims $105,000, but Structural Weakness Persists, Price Mainly Supported by Corporate and Institutional Buying Pressure

On June 9th, according to The Block, Dominick John, a Kronos Research analyst, stated, "Bitcoin is capable of reclaiming $105,000 to exhibit strength. However, the market structure remains fragile. The Fear and Greed Index is currently at 55, indicating that a wait-and-see sentiment is prevailing in the market as it awaits macro catalysts or trend confirmation." Kay Lu, the CEO of HashKey Eco Labs, also pointed out that Bitcoin is currently in a "sensitive" range near a key support level. At this level, any bearish news could trigger panic selling among investors. Min Jung, a Presto Research analyst, stated that the price support above $105,000 mainly comes from institutional buying pressure driven by corporate Bitcoin reserves. The corporate BTC allocation narrative provides support as more and more companies begin to follow the approach of Strategy. With CPI and PPI data scheduled to be released this Wednesday and Thursday, volatility around this period is likely to intensify. If i

Galaxy Research Director: Market Concerns About Bitcoin Treasury Company Debt Risk Are Overblown, with Most Debt Maturing Two Years Later

On June 9th, Alex Thorn, the head of research at Galaxy, stated in a post that "The concerns about Bitcoin treasuries and their debt being a problem have been overemphasized. In terms of the overall scale, the debt of these companies is not significant, and most of the debt will not come due within 2 years." According to Galaxy Research's data chart, as of May 2025, the $650 million due in July 2024, the $500 million due in September 2024, and the $1.05 billion due in February 2025 have been repaid successfully. The data also indicates that the majority of Bitcoin treasury companies' debt will mature between 2027 and 2030. This includes $1 billion due in December 2027, $2 billion due in March 2028, and $3.65 billion due in June 2028 (the largest single amount). These figures cover several companies such as Strategy, Marathon, Riot, Semler Scientific, Marathon Holdings, and H100 as of May 27, 2025.

Michael Saylor Downplays Quantum Computing Threat to Bitcoin

On June 9th. According to Coindesk, Michael Saylor, the founder of Strategy, recently played down the threat of quantum computing to Bitcoin in an interview with CNBC. He stated that when the threat becomes imminent, the Bitcoin protocol can address potential risks through a software upgrade. He said, "This is largely a marketing trick by those who want to sell you the next quantum concept token. Google and Microsoft are not going to sell you a computer that breaks modern encryption because that would ruin Google and Microsoft—and it would also ruin the U.S. government and the banking system."

Bitcoin Network Transaction Count Hits New Low Since October 2023

On June 9th, according to The Block, the seven-day average transaction count of the Bitcoin network had dropped to 317,000 last Friday, reaching a new low since October 2023. Due to the low transaction activity, some miners began to look for transactions with fees lower than the default relay fee threshold (1 sat/vB) of Bitcoin Core. Mononaut pointed out that one of their transactions was submitted to the Bitcoin mining company MARA (formerly Marathon Digital), which publicly operates a non-standard low-fee transaction channel named Slipstream. On June 6th, 31 Bitcoin Core developers jointly signed an open letter, opposing the node filtering of low-fee or non-standard transactions and emphasizing that Bitcoin is a fundamental anti-censorship system. The developers noted that mandating users to use private channels like Slipstream would undermine the decentralization feature. This stance was opposed by individuals such as Jan3 founder Samson Mow, who believe that Core developers are re

If Bitcoin surpasses $107,000, the mainstream CEX cumulated short position liquidation strength will reach $532 million.

On June 9th, based on Coinglass data, if Bitcoin manages to break through $107,000, the cumulative short liquidation intensity on mainstream CEX will reach 532 million. Conversely, if Bitcoin drops below $104,000, the cumulative long liquidation intensity on mainstream CEX will reach 976 million. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of the liquidated contracts. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows the extent to which the asset price reaching a certain position will be impacted. A higher "liquidation bar" indicates that reaching that price will trigger a more intense reaction due to a liquidity cascade.

A U.S. Representative has introduced Bill HR 3798 to advance the establishment of a national strategic Bitcoin reserve.

On June 8, the U.S. Republican Congressman Tim Burchett introduced the HR 3798 bill, which is intended to establish a national strategic Bitcoin reserve and enshrine it in federal law. (Cointelegraph)

Bitcoin Short-term Breaks $106,000

On June 8th, based on HTX market data, Bitcoin briefly soared to above $106,000 and is currently trading at $105,761, showing a 24-hour increase of 0.16%.

Michael Saylor has reissued Bitcoin Tracker information and may disclose hodlings data

On June 8th, the Executive Chairman of Strategy, Michael Saylor, once more shared information related to the Bitcoin Tracker. The caption read: "Deploy More Orange Spots." Generally, the day following his sharing of Bitcoin Tracker information, he will disclose the Bitcoin acquisition data of Strategy.

If Bitcoin drops below $104,000, the cumulative long liquidation pressure on major CEXs will reach 885 million.

On June 8th, based on Coinglass data, if Bitcoin drops beneath $104,000, the cumulative long liquidation intensity on mainstream CEXs will reach 885 million. Meanwhile, if Bitcoin goes beyond $106,000, the cumulative short liquidation intensity on mainstream CEXs will reach 11.6241 million. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Consequently, the liquidation chart shows the extent to which the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, it will experience a more intense reaction due to a surge in liquidity.

Bitcoin briefly hits $105,000, Ethereum drops below $2,500

On June 8th, according to HTX market data, Bitcoin witnessed a brief dip reaching $105,000 and is currently trading at $105,002, showing a 24-hour decrease of 0.51%. Moreover, Ethereum fell below $2,500 and is currently priced at $2,494.18, with a 24-hour decline of 1%.

CryptoQuant: Bitcoin's "Realized Market Cap" Hits New Record of $934.88 Billion, Boosting Long-Term Market Confidence

On June 8th, the CryptoQuant analyst Oro stated that Bitcoin's "Realized Cap" continues to reach record highs. It reached a new all-time high of $934.88 billion today, which undoubtedly strengthens long-term market confidence. The key indicator "Realized Cap" operates based on the logic that when BTC is transferred to a certain wallet, it is regarded as a "buy-in," and when it is transferred out, it is regarded as a "sell-off." By calculating the average cost basis of each wallet multiplied by the holding amount, the network's "Realized Cap" can be obtained. This indicator reflects the total capital that enters the Bitcoin market through real on-chain activities.

James Wynn opens a 40x "Ant Farm" Bitcoin long position, holding a position with a notional value of approximately $19,000

This week, the U.S. Bitcoin spot ETF saw a net outflow of $131.6 million.

On June 8th, according to data from Farside Investors, this week the US Bitcoin spot ETF experienced a net outflow of $131.6 million. This includes: a net inflow of $81.1 million for BlackRock's BIT; a net outflow of $167.7 million for Fidelity's FBTC; and a net outflow of $24.5 million for ARK's ARKB.

10x Research: HODLers Benefit from BTC Price Pressure, Crypto Stocks Decouple from Bitcoin's Lackluster Performance

On June 8th, 10x Research put out a post indicating that Bitcoin was beneath the 7-day moving average (indicating a bearish trend) yet above the 30-day moving average (suggesting a bullish trend), and within a one-week period, the price had decreased by 2.5%. One of the reasons for this was the liquidation of a $3.08 billion long position due to the public feud between Musk and Trump. The uncertainty in U.S. trade policy and the cooling of the labor market also exerted pressure on Bitcoin, maintaining its price at $105,100. Institutional demand remains robust, with U.S. Bitcoin spot ETF witnessing $9 billion in inflows within five weeks. Nevertheless, the profit-taking by long-term holders increased, putting downward pressure on the price. The market is starting to recognize that crypto stocks are detaching from Bitcoin's lackluster performance. The total market value of publicly traded crypto companies has now surpassed $300 billion, with institutional capital placing directional bet

BiT Global has agreed to withdraw the lawsuit regarding "Coinbase Delisting of Wrapped Bitcoin."

On June 8th, as reported by TheBlock, BiT Global, which is supported by Justin Sun, has reached an agreement to withdraw the lawsuit regarding Coinbase's delisting of wBTC. The lawsuit was filed shortly after Coinbase launched its competitor to wBTC, cbBTC. The documents indicate that BiT Global's lawyers have agreed to drop the lawsuit and are prohibited from bringing it up again. Both parties have agreed to bear their own legal costs resulting from the lawsuit. Coinbase's Chief Legal Officer, Paul Grewal, stated on social media that this victory reaffirms Coinbase's explicit right to manage user safety and risk. wBTC and cbBTC are both wrapped Bitcoin tokens that enable users to hold Bitcoin on different blockchain networks. According to CoinGecko data, the current market capitalization of wBTC is approximately $13.6 billion, while Coinbase's cbBTC has a market capitalization of around $4.7 billion.

Japanese publicly listed company Remixpoint increases its Bitcoin holdings by 44.8 BTC, spending $4.7 million

On June 7th, the Japanese listed company Remixpoint announced an increase of $4.7 million in holding 44.8 bitcoins.

Bitcoin Core has released a Bitcoin Core Development and Transaction Relay Policy Statement

On June 7th, the Bitcoin Core Project issued a statement indicating that Bitcoin is a network defined by its users. These users possess the ultimate freedom of choice. They are able to run any software they desire to use (whether it is for full validation or not), and can enforce any policies they are willing to adhere to. Bitcoin Core contributors do not have the power to dictate the rules that users must follow. This principle is manifested in a long-standing practice: The Bitcoin Core software does not support automatic updates. This implies that no entity can unilaterally impose changes on Bitcoin Core users. All changes must be actively chosen by the user, either to upgrade to a new software version or to select different software. This freedom to run any software serves as the primary safeguard of the Bitcoin network against external coercion. “As developers of Bitcoin Core, we also hold the belief that we have a responsibility to ensure that the Bitcoin Core software operates

El Salvador Bitcoin Holdings Surpass 6,200 Coins, Increased by 8 Coins in the Past 7 Days

On June 7th, based on the data from the website of the Salvadoran Ministry of Finance, El Salvador has added 8 Bitcoins in the past 7 days. The country's holdings of Bitcoin now amount to 6,200.18 Bitcoins, with a value of more than $652 million.

Bitcoin Surges Above $105,000

On June 7th, according to HTX market data, Bitcoin has risen to above $105,000, showing a 24-hour increase of 1.23%.

If Bitcoin surpasses $106,000, the mainstream CEX total short liquidation volume will reach 1.141 billion

On June 7th, according to Coinglass data, in the event that Bitcoin breaks through $106,000, the cumulative short liquidation strength of mainstream CEX will amount to $1.141 billion. Conversely, if Bitcoin drops below $103,000, the cumulative long liquidation strength of mainstream CEX will reach $1.388 billion. BlockBeats Notes: The liquidation chart does not display the precise number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, strength. Therefore, the liquidation chart shows to what degree the price of an asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, it will experience a more intense reaction due to a liquidity cascade.