The unrealized profit of Michael Saylor's MicroStrategy Bitc | The Crypto Basic on Binance Square

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The Crypto Basic

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The unrealized profit of Michael Saylor's MicroStrategy Bitcoin investment is worth a whopping $2.65 billion. 

#MicroStrategyBTC #MicroStrategyBTC #BitcoinPrice2024 #CryptoNews🔒📰🚫 #CryptonewswithJack 

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#Bitcoin has fallen below $96k as BTC miners offload over 2,000 BTC. Will Bitcoin drop below the crucial support at $94,500? Over the past 24 hours, Bitcoin has shown little movement, currently trading at $95,657, reflecting a 0.67% drop. However, the market has experienced over $200 million in liquidations, with long-side traders losing $134.34 million. As pressure mounts on the bulls, will Bitcoin dip below its key support at $94,500? Let’s take a closer look. Bitcoin Price Analysis Puts Focus at $94,393 In the 4-hour price chart, the Bitcoin price trend reveals a bullish failure to cross above local resistance. Along with the resistance trendline, BTC faces constant rejection from the 50% Fibonacci level at $98,611. The ongoing pullback from the resistance zone is approaching the 23.60% Fibonacci level, which is a critical support at $94,393. Before the recent rejection, Bitcoin’s price action showed potential for a rounding-bottom reversal, supported by the 23.60% Fibonacci level. However, a retest of this support could weaken the chances of a reversal and put more pressure on the level. This could significantly increase the likelihood of a downward trend. Despite this, technical indicators are leaning slightly bullish. The True Strength Indicator (TSI) has reached oversold territory, suggesting a possible reversal. Additionally, the Stochastic RSI has shown a positive crossover, with the lines moving out of the oversold region. #CryptoNewsFlash

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"Ethereum Vanishing from Exchanges—What’s Coming Next?"

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A strange Chinese user has donated and burned over $5.7 million worth of #Ethereum , sending out eerie messages about widespread mind control. In a series of transactions between Feb. 10 and 17, 2025, an individual identifying as Hu Lezhi transferred about $5.757 million in Ethereum (ETH) to various addresses, including donations and token burns. However, in an interesting twist, the transactions were accompanied by unsettling messages concerning mind control and personal anguish. Pluid, a Web3 media platform, first called attention to the eerie transactions. Mind-Control Machines? The first transaction occurred on Feb. 7, involving 33 ETH (valued at $88,000) sent to the Ethereum burn address. The accompanying message, translated from Chinese, described a new form of crime where victims’ desires are systematically stripped, rendering them slaves to digital machines. The sender expressed a resolve to leave the world if they ever became a victim of this ultimate stage. Notably, the rest of the transactions, which sent funds to the Ethereum Foundation, the Ethereum burn address and WikiLeaks, carried the same message. Meanwhile, the final transaction to the burn address took place on February 17, involving 500 ETH (worth $1.34 million). The message accompanying this transaction was different, accusing Feng Xin and Xu Yuzhi, CEOs of Kuande Investment, of using brain-computer interfaces to control and persecute employees, including themselves. For context, Kuande Investment, also known as Wizard Quant, is a Chinese hedge fund specializing in quantitative trading with a strong presence in domestic and international markets. On the same day, Hu Lezhi donated 591 ETH ($1.59 million) to WikiLeaks, the last of the transactions. In the accompanying message, he identified himself as an ordinary programmer and entrepreneur who, since October 2022, had become aware of being monitored and manipulated by a mind control organization since birth. #CryptoNewss

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#Cardano founder Charles Hoskinson expresses enthusiasm after the Department of Government Efficiency (DOGE) launches an investigation into the SEC. In a tweet on Monday, the Department of Government Efficiency, spearheaded by Elon Musk, suggested it was investigating the SEC to potentially reveal waste, fraud, and abuse within the securities agency. The move follows DOGE’s creation of multiple X accounts for federal agencies, including the SEC and the IRS. Notably, the SEC-focused DOGE account called for public assistance in unraveling misconduct at the agency, particularly those related to waste, abuse, and fraud. It asked the public to send direct messages on these issues to aid the ongoing investigation. Cardano Founder Excited Expectedly, DOGE investigating the SEC has garnered significant attention within the crypto community, triggering reactions from top stakeholders like Hoskinson. Reacting, the Cardano founder shared a GIF of an excited man with the caption ‘so happy.’ This suggests that Hoskinson is pleased that the United States government is auditing the U.S. SEC to identify and fix waste, fraud, and abuse relating to the securities agency. Hoskinson’s reaction aligns with a sentiment similar to that shared across the broader crypto community. This stems from the SEC’s aggressive stance toward the crypto industry, which saw the previous administration regulate the sector majorly through enforcement actions. Although the SEC did not directly charge Hoskinson or the team behind the Cardano project with securities law violations, it labeled ADA a security in different litigations against exchanges like Coinbase and Binance. #Crypto

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