Bitcoin (BTC) faced renewed risks of a breakdown toward $30,000, according to a new analysis, as institutional demand turned deeply negative.Key takeaways:Data shows institutions are offloading around 450% of the daily BTC supply.Bitcoin risks slipping below $30,000 if supply absorption remains weak. Institutions are selling almost 2,000 BTC per dayCapriole Investments’ institutional buying model, which tracks Bitcoin demand from ETFs, corporate treasuries, and miner issuance, shows net institutional selling at around 450% of daily mined supply, equivalent to about 2,000 BTC per day.BTC/USD vs institutional buying market cap. Source: Capriole InvestmentsIn other words, large holders are selling 4-5x more Bitcoin…

For months now, Congress has been kicking the ball down the road—temporarily postponing the expiration of the mass surveillance authority Section 702 of FISA in hopes that some consensus could be reached. Now, with the deadline looming, the stakes have never been higher. Nearly every time the statute has come up for renewal, the people demanding privacy and civil liberties have had to compromise, but with current negotiations seemingly at  an impasse, it’s time for surveillance maximalist lawmakers to come to the table.  We say to the Intelligence Community crowd: Section 702 should require a warrant before the Federal Bureau…

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