US, China to Hold AI Talks Ahead of Xi’s September Visit 
Samsung Electronics America to Cut 739 New Jersey Jobs as Texas Headquarters Move Advances 
SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch 
Xi Jinping Calls for People-Centered AI Development at WAIC, Expands Global Cooperation 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S. 
Apple Intelligence China Approval Lifts Alibaba and Baidu Shares 
FxWirePro- Major Crypto levels and bias summary 
SpaceX Stock Falls Below IPO Price as Investors Weigh Losses and Lockup Expiry 
Major Crypto Action Bias: BTC, ETH & SOL Turn Bullish – SOLUSD Leads as the Top Pair to Watch 
Sam Altman Admits OpenAI Missteps, Promises Major AI Comeback Focused on User Freedom 
Moonshot Launches Kimi K3, China's Largest Open-Source AI Model 
Nationwide Data Center Protests Highlight Growing Backlash Against AI Expansion 
Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips 
Hyundai Takes Full Control of Boston Dynamics to Accelerate Humanoid Robot and AI Strategy 
Bitcoin's price fell below $63,000 following a significant 42% drop in whale transactions over the past two days, highlighting a shift in market sentiment and increased caution among major investors.
Bitcoin Whale Transactions Drop 42% as Price Falls Below $63K, Indicating Bearish Sentiment
The transaction activity of Bitcoin billionaires has decreased in the past two days, just before the price of Bitcoin fell below $63,000.
Santiment reported (via Cointelegraph), that the total number of Bitcoin whale transactions, which exceeded USD 100,000, was 9,923 over two days on June 23. This represents a 42% decrease from the 17,091 transactions recorded two days prior.
The alteration in whale behavior has occurred in the context of Bitcoin's price decline from $64,685 to $63,422, which has since continued to decline to $62,531 at the time of publication, as indicated by CoinMarketCap data.
In the interim, CryptoQuant CEO Ki Young Ju has indicated that whale traders wagering on the future price of Bitcoin have also retreated.
“Whale traders on derivatives exchanges are in risk-off mode,” Ki stated in a June 23 X post, a term to describe a bearish change in market sentiment.
Ki attributed this to the Interexchange-Flow-Pulse (IFP) turning "red," which monitors Bitcoin movements between spot and derivative exchanges and reflects market sentiment.
The IFP switching to red indicates an increase in the number of traders withdrawing their Bitcoin from derivatives exchanges, which are platforms used to enter financial contracts based on Bitcoin's future price.
Crypto Fear and Greed Index Hits 51-Day Low Amid Bitcoin Price Drop and ETF Outflows
The Crypto Fear and Greed Index, which gauges sentiment in the cryptocurrency market, has plummeted to a "Neutral" score of 51, the lowest it has been in 51 days. This occurred when Bitcoin plummeted from $60,000 to $59,122.
Farside data has also indicated that spot Bitcoin exchange-traded funds (ETFs) have experienced a series of outflows over the past six trading days. On June 13, the most significant day of outflows during the six days was $226.2 million.
Conversely, other analysts interpret various indicators as optimism regarding Bitcoin's price.
“The Bitcoin Sell-side Risk Ratio has reached levels signaling it is time for the market to move,” Glassnode lead analyst James Check, aka “Checkmatey,” wrote in a June 23 X post.
“All the profits that were going to be taken, have been. Same for losses,” he added before explaining that Bitcoin will need to “find a new price range to stoke the fire of fear, greed, panic, or euphoria.”
Photo: Microsoft Bing
