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Bitcoin bull market 'great validator' comes as James Wynn loses $100M

cryptoweekly by cryptoweekly
May 30, 2025
in bitcoin, News
0

Bitcoin is seeing increasing profit-taking, new research confirms, while Hyperliquid’s Wynn joined those liquidated during the latest 10% BTC price retreat.

Key points:

Bitcoin profit-taking is in full swing, but this can end up sustaining the bull market, Santiment research argued.

Coins are spending increasingly less time in wallets, but the market is not suffering from “short-term speculation.”

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Recent Posts
  • Hive Digital accelerates AI pivot with $100M HPC expansion — Cointelegraph exclusive
  • Judge allows testimony on ‘feasible’ Tornado Cash code changes
  • Crypto ATMs seized in the UK amid growing scrutiny of kiosk-based exchanges
  • Polymarket set to reenter US with $112M acquisition of QCEX derivatives exchange
  • StablecoinX to go public via SPAC merger, raising $360M for ENA treasury
  • StablecoinX to go public via SPAC merger, raising $360M for ENA treasury
  • FTX seeks time to respond as creditors fight freeze on $470M foreign claims

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