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- Miners Are Cashing Out 💸
Miners Are Cashing Out 💸
Bitcoin trading at $117,538 after a small drop.

Welcome to Crypto Wire — clear, concise, and crypto-smart.
What we’ll cover today:
💸 Miners take profits…. Bitcoin dips slightly
🏦 Cantor Fitzgerald throws $4B+ at Bitcoin
🎉 Pump.fun goes full buyback mode to save its meme coin



Source : WSJ
Bitcoin is dipping a little as miners and long-time holders quietly start selling. CryptoQuant and analysts are watching closely.
🚨 Breaking News:
Bitcoin is down 5% from its latest high as miners move BTC to exchanges for profit-taking.
⚡ Wire Simplified:
Bitcoin trading at $117,538 after a small drop.
Miners’ Position Index (MPI) shows miners are selling more BTC.
Long-term holders are cashing some profits too.
Technical charts still show Bitcoin is on a longer-term uptrend.
Resistance ahead at $121K-123K, support near $111K.
✔️ Straight to the Point:
Short-term dip? Likely. Long-term bullish? Still looks solid unless miner selling turns into a stampede.
🎤 Will this miner sell-off crash Bitcoin further? |
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Source : Shutterstock
Cantor Fitzgerald (big finance firm) is talking with Blockstream (Bitcoin OGs) to buy lots of Bitcoin through a SPAC deal.
🚨 Breaking News:
Cantor might grab 30,000 BTC from Blockstream, deal worth $4B+ and nearly done.
⚡ Wire Simplified:
Cantor to acquire $3B+ Bitcoin via SPAC deal with Blockstream.
New company to be called BSTR Holdings.
Blockstream gets shares in return, not cash.
Plan includes advisory and asset management services too.
Cantor’s strategy mirrors Michael Saylor’s BTC obsession.
✔️ Straight to the Point:
Cantor’s stacking Bitcoin like it’s 2021 again. Big finance loves BTC when markets are bullish and headlines are loud.
🎤 Would you hold Bitcoin through a SPAC like this? |

Source : Modern Diplomacy
Pump.fun (Solana meme coin platform) just spent $30M+ buying its own PUMP token to boost price after a rocky start.
⚡ Wire Simplified:
PUMP hit new high at $0.0068, now at $0.0063.
Buyback funded by $30M+ from platform fees.
Early investors had dumped fast post-launch, hurting price.
Buyback aims to regain confidence, not just pump price.
Critics say PUMP still lacks real utility.
✔️ Straight to the Point:
Pump.fun is flexing cash to save its meme coin. Feels like déjà vu, buybacks work but only until they don’t.



What do you think about today’s edition? |

Disclaimer:
This newsletter is for educational purposes and not intended as financial advice. Make your own investment decisions based on thorough research. Stay informed and cautious in the ever-changing crypto market.
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