Bitcoin faces over $20 million per hour in profit-taking sales above $70,000, per Glassnode. This distribution zone since February caps rallies and turns upside momentum into selling events.
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Coinbase launched pre-IPO markets with perpetual futures on SpaceX for non-US users allowing 24/7 trading settled in USDC that automatically transitions post-IPO. The move intensifies competition among crypto platforms to offer synthetic private market exposure as the tokenized RWA sector expands rapidly to $51 billion.
Broadcom missed revenue estimates in its fiscal Q2 and saw shares plunge 14% after holding its $100 billion AI chip sales forecast for 2026 unchanged. The results highlight softening software sales even as AI revenue more than doubled and is expected to triple in the current quarter.
Bitcoin fell 8% to a nine-week low of $65,360 triggering $1.83 billion in crypto liquidations with $774.2 million from BTC longs alone. Traders now eye $60,000 as the key support level while exchange supply hits a three-month high signaling added selling pressure.
