BTC breaks above 69,000 USDT, 24H decline narrows to 3.9%

Odaily reports, according to OKX market data, BTC has broken above 69,000 USDT, currently trading at 69,009.3 USDT, with its 24H decline narrowing to 3.9%.

Odaily: Arm CEO Rene Haas has been approached as a potential successor in Nvidia's search for a new CEO. It is not yet clear whether the approach has progressed to formal negotiations. (Financial Times)

Odaily report: The founder of Equation posted that they previously closed half of their position when NVIDIA (NVDA) stock was around $160.3, while the remaining position was a bet on a rebound after the U.S. market opened; ultimately all positions have been exited with essentially no profit.They stated that the prior trading logic was that the market was overly pessimistic in pricing Jensen Huang-related events, and that Jensen Huang would not necessarily be removed as a result. The main problem with this trade was that it took too long from receiving a monitoring alert on the phone to actually opening the position, and they are considering automating such operations going forward.In addition, they disclosed that they recently plan to sell more NVIDIA put options expiring within 180 days with strike prices of $100 to $110.

According to a post on X by Citrini analyst jukan, Anthropic is seeking to exclude mainland China and Hong Kong investors from its IPO, Bloomberg reported.

Odaily reports: Trader Killa posted on X platform stating that if Bitcoin's bottom this cycle is $57,000, the severity of this decline could be more brutal than previous bull market corrections. In 2023, even during periods of capitulation-style selling, Bitcoin's price never deeply reached the imbalance zone. Therefore, unless the market rapidly V-shaped rebounds from current levels, this correction could become one of the most severe drops in price action terms among previous bottom formations. If $57,000 is confirmed as the bottom of this cycle, Bitcoin must subsequently hold above $65,000; if it fails to hold, it could further probe the $42,000 to $52,000 range, which may become the final decline before a true bottom is formed.Killa believes that the market should not simply view this correction as a typical bull market adjustment—its price performance is actually more severe. If the current low is not the final bottom, then Bitcoin would for the first time see a weekly higher high (HH) followed by a break below the previous bear market low.

Odaily reports: According to MSX.COM market data, US crypto stocks broadly declined over the past 24 hours. Sharplink (SBET) fell 2.19%, Coinbase (COIN) dropped 2.37%, Strive (ASST) declined 2.82%, Strategy (MSTR) fell 3.35%, BitMine (BMNR) dropped 3.49%, Bullish (BLSH) declined 3.57%, BitGo (BTGO) fell 3.63%, Circle (CRCL) dropped 4.00%, Galaxy Digital (GLXY) declined 4.30%, Riot Platforms (RIOT) fell 5.98%, MARA Holdings (MARA) dropped 6.19%, Cipher Digital (CIFR) declined 6.48%, IREN (IREN) fell 6.67%, Gemini (GEMI) dropped 7.58%, and TeraWulf (WULF) fell 8.22%.