A **Bitcoin whale** moved **15,945 Bitcoin** in a single transaction to **Binance**, fueling concerns of a severe price drop. This massive whale dump coincides with **miner capitulation** as daily revenue and network hashrate decline. Meanwhile, **Bitcoin options** with a **put-call ratio of 0.49** and a **max pain point at $55,000** suggest continued selling pressure. **Implied volatility** is also declining, indicating a high probability of BTC price falling below **$65,000**. Traders should be aware of these factors and prepare for potential volatility in the market.  **Bitcoin price** is currently trading at **$66,955**, down **1% in the last 24 hours** and **6% in a week**. **Trading volumes** have also declined by more than **30% in the last 24 hours**.

A Bitcoin whale moved 15,945 Bitcoin on Friday joining other whales and institutional investors as concerns of severe drop in BTC price mounts due to miner capitulation. The whale move these BTCs in a single transaction to crypto exchange Binance. Meanwhile, U.S. Fed officials are turning dovish after recent CPI and PPI inflation cooled. Fed&#8217;s <a class="mh-excerpt-more" href="https://coingape.com/bitcoin-price-whale-joins-others-dump-1-billion-as-btc-options-target-55k/" title="Bitcoin Price: Whale Joins Others &#038; Dump $1 Billion As BTC Options Target $55K"></a>
The post <a href="https://coingape.com/bitcoin-price-whale-joins-others-dump-1-billion-as-btc-options-target-55k/">Bitcoin Price: Whale Joins Others &#038; Dump $1 Billion As BTC Options Target $55K</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

<img fetchpriority="high" decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2023/06/crypto-crash.jpg" class="attachment-full size-full wp-post-image" alt="Bitcoin Price: Whale Joins Others &amp; Dump $1 Billion As BTC Options Target $55K" style="float:right; margin:0 0 10px 10px;" />A Bitcoin whale moved 15,945 Bitcoin on Friday joining other whales and institutional investors as concerns of severe drop in BTC price mounts due to miner capitulation. The whale move these BTCs in a single transaction to crypto exchange Binance.
Meanwhile, U.S. Fed officials are turning dovish after recent CPI and <a href="https://coingape.com/crypto-market-face-volatility-after-major-drop-us-ppi-inflation-what-next/" target="_blank" rel="noopener">PPI</a> inflation cooled. Fed&#8217;s Loretta Mester on Friday said “We are starting to see inflation move down again after stalling. It is important not to wait too long to cut rates.”
<h2>Bitcoin Whale Moves $1B in Single Transaction</h2>
According to Blockchain.com explorer data on June 14, a whale move 15,945 <a rel='nofollow' href="https://www.blockchain.com/explorer/transactions/btc/ffd2d33fb2dff1a42bce4ac25d01e3548c3287fdf9a639358efcfb19e2239025" target="_blank" rel="noopener">bitcoins</a> in a single transaction to another wallet address. As per some people, the destination wallet belongs to crypto exchange Binance.
The massive whale dump can cause BTC price to tumble and stay under selling pressure. While Bitcoin miner capitulation concerns are mounting as daily revenue fell after Bitcoin halving. Meanwhile, network hashrate has also signaled a decline as more resources are required now.
<img decoding="async" class="aligncenter wp-image-202479" src="https://coingape.com/wp-content/uploads/2024/06/Bitcoin-Daily-Miner-Revenue-and-Network-Hashrate.jpg" alt="
Bitcoin Daily Miner Revenue and Network Hashrate" width="789" height="444" srcset="https://coingape.com/wp-content/uploads/2024/06/Bitcoin-Daily-Miner-Revenue-and-Network-Hashrate.jpg 1024w, https://coingape.com/wp-content/uploads/2024/06/Bitcoin-Daily-Miner-Revenue-and-Network-Hashrate-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2024/06/Bitcoin-Daily-Miner-Revenue-and-Network-Hashrate-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2024/06/Bitcoin-Daily-Miner-Revenue-and-Network-Hashrate-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2024/06/Bitcoin-Daily-Miner-Revenue-and-Network-Hashrate-150x84.jpg 150w" sizes="(max-width: 789px) 100vw, 789px" />
CryptoQuant recently identified a significant uptick in <a href="https://coingape.com/bitcoin-miners-are-selling-will-high-liquidity-derail-btc-to-ath-push/" target="_blank" rel="noopener">mining pool</a> transfers. This is in addition to a surge in over-the-counter (OTC) sales of Bitcoin. With the U.S. Fed signaled a single rate cut in this year, miners started selling BTCs believing there is no upside amid macro concerns and elections.
Also Read: <a title="Ripple Vs SEC Update: SEC To Appeal Summary Judgment; Remedies Verdict In July – Lawyers" href="https://coingape.com/ripple-vs-sec-lawyers-weighs-sec-xrp-appeal-settlement-final-judgment-date/" target="_blank" rel="bookmark noopener">Ripple Vs SEC Update &#8211; SEC To Appeal Summary Judgment; Remedies Verdict In July</a>
<h2>Bitcoin Options Traders Target $55K</h2>
Over 97,782 BTC options of notional value $6.55 billion are about to set to expire on June 28, per largest derivatives exchange Deribit. With a put-call ratio of 0.49 and the max pain point at $55,000, it indicates Bitcoin price to remain under selling pressure.
Meanwhile, implied volatility (IV) witnessing significant declines across all major terms, which means forecast of BTC price to tumble below $65,000 are highly likely. It could take BTC price to $60,000 again due to high leverages.
<img decoding="async" class="aligncenter wp-image-202490" src="https://coingape.com/wp-content/uploads/2024/06/deribit-metrics-4-1224x612.png" alt="Bitcoin options" width="797" height="399" srcset="https://coingape.com/wp-content/uploads/2024/06/deribit-metrics-4-1224x612.png 1224w, https://coingape.com/wp-content/uploads/2024/06/deribit-metrics-4-300x150.png 300w, https://coingape.com/wp-content/uploads/2024/06/deribit-metrics-4-768x384.png 768w, https://coingape.com/wp-content/uploads/2024/06/deribit-metrics-4-1536x768.png 1536w, https://coingape.com/wp-content/uploads/2024/06/deribit-metrics-4-2048x1024.png 2048w, https://coingape.com/wp-content/uploads/2024/06/deribit-metrics-4-150x75.png 150w" sizes="(max-width: 797px) 100vw, 797px" />
<a href="https://coingape.com/price/bitcoin" target="_blank" rel="noopener">BTC price</a> currently trades at $66,955, down 1% in the last 24 hours and 6% in a week. The 24-hour low and high are 24-high of $66,304 and $67,473. However, trading volumes has declined by more than 30% in the last 24 hours, indicating massive drop in interest among traders.
Also Read: <a title="Breaking: Nigeria Dismissed Tax Evasion Charges Against Binance Executives" href="https://coingape.com/nigeria-dismissed-tax-evasion-charges-against-binance-executives/" target="_blank" rel="bookmark noopener">Nigeria Dismissed Tax Evasion Charges Against Binance Executives</a>
The post <a href="https://coingape.com/bitcoin-price-whale-joins-others-dump-1-billion-as-btc-options-target-55k/">Bitcoin Price: Whale Joins Others &#038; Dump $1 Billion As BTC Options Target $55K</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Bitcoin Price Under Pressure: Whale Dump & Options Targeting $55K

If **Donald Trump’s** sweeping global tariffs send household good prices soaring and drive the economy into recession, at least one industry could profit.

The Trump administration is considering using **tariff revenues** to buy **Bitcoin** for a **“Strategic Bitcoin Reserve,”** a top administration crypto official said in an interview last week. This proposal is driving interest from crypto industry figures who have made building the reserve one of their top priorities.

However, it is uniting critics on both sides of the political spectrum, who have labeled the reserve as a **pointless industry giveaway** that will burden ordinary taxpayers. Critics argue that using tariff money would only exacerbate the situation.

**“There is nothing here but a conjunction of bad ideas,”** said George Selgin, an economist and professor emeritus at the University of Georgia. **“The tariffs are a bad idea, the Bitcoin Strategic Reserve is a bad idea, and using the tariff revenue for the Bitcoin Strategic Reserve is a bad idea.”**

### Reaping Revenue?
Ever since Trump proposed across-the-board tariffs on the campaign trail last year, he has touted the idea as a way to build domestic industry and raise revenue. Trump has suggested that tariff revenue could replace the nearly **$5 trillion** the government collects in income tax revenue per year, while a top trade official estimated they could raise **$6 to $7 trillion** over a decade.

Both projections are considered unrealistic by economists across the board. The nonpartisan **Tax Policy Center** stated that the massive tariffs could raise about **$3.3 trillion** over that period, assuming they don’t trigger an economic downturn.

The relatively meager scale of the tariffs’ revenues has not deterred the Trump administration from proposing various spending ideas, including **tax cuts for the rich** and **deficit reduction**. Recently, Bo Hines, the executive director of the Presidential Council of Advisers on Digital Assets, proposed using tariff revenue to buy bitcoin in an interview with investor and crypto influencer **Anthony Pompliano**. **“We are looking at many creative ways,”** Hines said, **“Everything is on the table.”**

### Why Bitcoin?
When Trump announced his intention to create a “strategic reserve” of bitcoin at a **crypto conference** last July, it solidified his status as the industry’s favored presidential candidate. Supporters view bitcoin as a modern-day gold with vast growth potential, arguing that storing it could protect against **inflation** and depreciation of the U.S. dollar.

However, Trump’s initial creation of the reserve disappointed some bitcoin advocates, as it was stocked only with tokens previously seized by the government. Still, Trump promised to find **“budget-neutral”** ways to increase bitcoin purchases. Critics, however, argue that tariffs, which essentially act as a tax on consumers purchasing imported goods, are not budget-neutral and disproportionately affect low-income households, costing them an average of **$3,800 per year**.

Regardless of funding methods, critics maintain that it is inappropriate for the government to invest in an asset like bitcoin, which has no inherent use and is subject to wild price fluctuations. If the government does end up buying bitcoin, selling any substantial portion could potentially depress the digital asset’s price.

**“You have a lot of people in the bitcoin community who would like to see the government do more, as it would benefit them,”** Selgin stated. **“These people are trying to rationalize something that is just a subsidy for them, without benefits for others.”**

Critics on the right and left say the bitcoin reserve is a pointless industry handout — and using tariff revenue is even dumber.

Trump's Bold Plan: Using Tariffs to Build a Bitcoin Reserve Sparks Controversy

### In Brief
- **Idle Mine** is a mobile game that lets you earn **real Bitcoin** rewards.
- The game comes from **Fumb Games**, the creator of **Bitcoin Miner**, and is available on **iOS** and **Android**.
- Earned BTC can be withdrawn to a **ZBD wallet** and spent as you choose.

After the success of **Bitcoin Miner**, Fumb Games has introduced a new twist with **Idle Mine**. This engaging mobile game allows players to earn **real Bitcoin** while managing a gem mining operation. Available on both **iOS** and **Android**, Idle Mine is similar to its predecessor, requiring minimal interaction as players upgrade their operations by simply tapping buttons.

### What is Idle Mine?
**Idle Mine** is an idle game that debuted in **2024** where players manage a gem mining business. Players spend in-game coins to enhance their mines, hire staff, and better serve customers. The game automatically runs, with miners collecting gems and serving clients, allowing your earnings to accumulate over time.

![Idle Mine](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/04/idle-mine-screens.png@webp)
*Screenshots from Idle Mine. Image: Decrypt*

The game is designed to be **easy to play**, with current missions displayed prominently, making it simple to focus on gradually earning **Bitcoin**. Players earn small amounts of Bitcoin, measured in **satoshis** (1/100,000,000 of a BTC), which can be withdrawn to a **ZBD wallet**.

### How Much Can You Earn?
While playing **Idle Mine**, your earnings will be modest. If you play regularly, you might accumulate a couple of hundred satoshis daily, but at the current price of **$85,000** per Bitcoin, that amounts to roughly **17 cents**. After hours of gameplay, players can stack around **4,000 satoshis**, translating to just a few dollars.

Although optional in-game purchases exist to enhance earnings and speed up upgrades, players should not expect to get rich from **Idle Mine** or any other play-to-earn Bitcoin game. Users should also be aware of local restrictions on withdrawing funds into a **ZBD wallet**.

Currently, players can withdraw up to **330 satoshis** per day, approximately **$0.28** worth, which varies with Bitcoin’s price.

Mobile game Idle Mine lets you earn real Bitcoin for mining fake gems on iOS and Android. Here’s how it works.

Unlock Real Bitcoin Rewards with the Exciting New Game 'Idle Mine'!

### Overview of Cryptocurrency Scams in Lincoln
Data from the **Lincoln Police Department** and the **Lancaster County Sheriff’s Office** reveals that since 2020, locals have fallen victim to cryptocurrency scams totaling millions of dollars, with many never recovering their lost funds.

### Alarming Statistics
Since 2020, the **Lancaster Sheriff's Office (LSO)** has investigated **18 cases** of cryptocurrency scams, with losses soaring to **$156,000** in a single incident. **Chief Deputy Ben Houchin** expressed concern over the emotional toll on victims, stating, "It’s very sad... their reaction is as you can imagine is devastation."

### Significant Financial Impact
The **Lincoln Police Department (LPD)** reported that multiple victims have lost over **$1 million** in the past five years, with the highest individual loss reaching approximately **$1.5 million**. **Sgt. Steve Wiese** noted the scammers are skilled in **social engineering**, often manipulating victims into revealing personal information.

### Evolving Scamming Techniques
Despite consistent annual fraud reports averaging **2,364 calls**, the methods employed by scammers are continuously evolving. Techniques range from **romance scams** to deceptive social media outreach, such as claims of prior acquaintance.

### Preventive Measures by Local Banks
Local banks, including **Liberty First Credit Union**, are training tellers to identify potential scams by monitoring customer behavior and transaction requests. **Angie Schreiner** emphasized the importance of recognizing red flags during transactions.

### Reporting and Resources
If you find yourself a victim of a cryptocurrency scam, although recovery of funds is rare, reporting the incident is crucial for preventing future scams. Here are some resources:
- **[Protect the Good Life Fraud Report](https://protectthegoodlife.nebraska.gov/imposter-scams)**
- **[Lincoln Police Department Online Reporting](https://www.lincoln.ne.gov/City/Departments/Police/Online-Reporting)**
- **[Lincoln-Lancaster County Crimestoppers Tip Submission](https://www.p3tips.com/tipform.aspx?ID=596)**
- **[Internet Crime Complaint Center (IC3)](https://www.ic3.gov/)**

Data from the Lincoln Police Department and the Lancaster County Sheriff’s Office shows that since 2020, people in the area have been scammed out of millions, and many will likely never see that money again.

Staggering Cryptocurrency Scam Losses: Local Authorities Sound the Alarm

On April 18, 2025, a tweet from **AltcoinGordon** captured the growing sentiment of uncertainty in the cryptocurrency markets due to political developments involving former President **Donald Trump**. The tweet stated, **"Trump is bringing uncertainty to the markets, the macro doesn't look good here, I am selling and sitting in stables for a while."** This sentiment reflects a cautious approach among some crypto investors.

The impact was immediate, as the total market capitalization of cryptocurrencies dropped by **3.2%**, from **$2.3 trillion to $2.23 trillion** within a day. Notably, **Bitcoin** experienced a **4.5% decline** in price, falling from **$65,000 to $62,050**, while **Ethereum** dropped **3.8%** from **$3,200 to $3,075**. The trading volume for Bitcoin surged by **15%** to **$45 billion**, indicating heightened activity and potential panic selling.

The stablecoin market also reacted, with **Tether (USDT)** seeing a **2% increase** in trading volume to **$50 billion**, suggesting a flight to safety among investors. On-chain metrics for Bitcoin showed a **10% increase** in active addresses, reflecting increased market participation during this turbulent time.

Interestingly, the total market cap of stablecoins rose by **5%**, from **$120 billion to $126 billion** over the past week, aligning with the trend of investors seeking safer assets amid uncertainty. The **Fear and Greed Index** also indicated a shift towards fear, dropping from **55 to 48**, signaling heightened apprehension among investors.

The tweet's influence extended to lesser-known cryptocurrencies as well. **Fartcoin**, for instance, saw a **2.5% drop** in its price from **$0.00000028 to $0.00000027**, with trading volume increasing by **10%** to **$2.8 million**, indicating a spike in interest following the tweet's release. This series of events underscores the **profound impact** that political developments can have on cryptocurrency markets.

According to AltcoinGordon, the political uncertainty attributed to Trump's influence is causing concerns in the cryptocurrency markets. Traders are advised to consider stablecoins due to macroecon

How Trump's Political Uncertainty is Shaking Up Cryptocurrency Markets

On-chain data indicates that **Bitcoin's Realized Cap** has recently surged to a new **all-time high (ATH)**, yet the **monthly inflows** have notably slowed down.

## Bitcoin Realized Cap Is Growing At A Notably Slower Rate Now
According to data from the on-chain analytics firm **Glassnode**, the Realized Cap of Bitcoin has just set a new record. The term **Realized Cap** refers to a capitalization model for Bitcoin that calculates the asset’s total value by assuming the ‘real’ value of any token in circulation is equal to the **spot price** at which it was last transacted on the network.

The last transaction of a given coin is likely to represent the last point at which it changed hands, so the price at the time of the move would denote the coin’s current cost basis. As the **Realized Cap** sums up this acquisition value for all tokens part of the circulating supply, it essentially determines the amount of capital that investors have used to purchase Bitcoin.

### Growth Trend and Recent Developments
The Bitcoin Realized Cap has been following an **uptrend** for some time now. Whenever the indicator’s value rises, it signals that a net amount of capital is flowing into the cryptocurrency. This long-term surge implies that BTC has been experiencing continuous inflows.

However, the growth rate has fluctuated over the cycle. The Realized Cap saw a particularly sharp rise during **Q1 2024** and **Q4 2024**. The Q1 2024 phase was followed by a rapid slowdown in capital inflows, and it appears that the Q4 2024 phase is experiencing a similar trend. At the peak of inflows in December, the growth rate stood at approximately **13% per month**, but this has now declined to just **0.9% per month**.

Growth is still continuing, and the indicator has reached a new record of **$872 billion**. However, as Glassnode has noted, this slowdown could indicate that **investor appetite is softening**, signaling a continued **risk-off sentiment**. Both periods of fresh capital inflows last year coincided with **bull rallies** for Bitcoin, while the phases of slowdown resulted in **bearish consolidation** for the cryptocurrency.

The latest drop in Realized Cap growth has led to a notable drawdown in the asset’s price. Given last year’s trends, a proper reversal may not occur for BTC until the metric shows a sharper uptrend.

## BTC Price
Bitcoin has recently been moving sideways, with its price floating around the **$84,700** mark.

On-chain data shows the Bitcoin Realized Cap has surged to a new all-time high (ATH) recently, but monthly inflows have slowed down considerably.

Bitcoin Price Under Pressure: Whale Dump & Options Targeting $55K

Summary:

A Bitcoin whale moved 15,945 Bitcoin to Binance, raising concerns about a potential price drop.

Miner capitulation is also contributing to the downward pressure, with declining daily revenue and network hashrate.

Bitcoin options expiring on June 28th, with a put-call ratio of 0.49 and a max pain point of $55,000, suggest continued selling pressure.

Implied volatility is declining, increasing the likelihood of Bitcoin price falling below $65,000.

Bitcoin price is currently at $66,955, down 1% in the last 24 hours and 6% in the past week.

Trading volumes have decreased by over 30% in the past 24 hours, signaling reduced trader interest.

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