Key Factor: $196 Million in Large BTC Orders Concentrated in the Same Range

Project Meridian FX APAC said it demonstrated how transactions can be coordinated across conventional settlement systems and those built using blockchain technology.

Bitcoin ETFs have faced $2.35 billion in selling pressure over the past two weeks. (Bitcoin Archive)

The current total market capitalization of cryptocurrencies is $2.31 trillion, a drop of $98.57 billion in the last 24 hours, or 4.08%. Bitcoin accounts for 56.96% of this market capitalization, while Ethereum accounts for 9.75%.

David Bailey's Bitcoin reserve company, Nakamoto, owes Kraken $165 million, exceeding Kraken's market capitalization of $104 million. The company purchased Bitcoin at an average price of approximately $118,000. Kraken has agreed to extend the repayment deadline for $60 million to December 2027, with the remaining $105 million due in June 2027. Nakamoto holds 4,283 BTC, of which 3,030 BTC are used as collateral for loans, currently valued at approximately $208 million. (Source: Bitcoin News)

OKX - DOS/USDT contract is showing unusual activity, currently priced at $0.1601, down 6.26% in the last 24 hours. Please keep an eye out for further price opportunities!