Leverage Shares 2X Long GLXY Daily ETF(GLGG.US)

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Leverage Shares 2X Long GLXY Daily ETF
GLGG.US
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Crypto stocks slide in pre-market trading as bitcoin stabilizes around $77,000

Crypto-related U.S. stocks fell in pre-market trading as market reactions to President Trump's Federal Reserve chair nominee, Kevin Warsh, led to a crypto selloff. Major players like MicroStrategy and Galaxy Digital saw declines of over 6% and 7%, respectively. Bitcoin stabilized around $77,000 after a dip, while volatility indices rose, indicating increased market uncertainty. Precious metals and oil also faced declines, contrasting with slight recovery in U.S. equity index futures. The DXY index showed a slight pullback, reflecting an inverse relationship with bitcoin's price movements.

fidelity·
US
GLXU
-11.93%
US
GLGG
-11.20%
fidelity·
US
GLXU
-11.93%
US
GLGG
-11.20%

BTC Short Position Adjusted by Prominent Trader

On February 2, a prominent trader known as '20 Million Band Hunter' adjusted their BTC short position, reducing it by 29.24 BTC, valued at approximately $3.02 million. The total value of the short position is now $18.79 million, with an average price drop to $81,254.10. The current floating profit is around $1.44 million, yielding a return rate of 84.34%. The trader has significantly increased their capital from $20 million to nearly $100 million since October last year.

CoinLive·
US
GLXU
-11.93%
US
GLGG
-11.20%
CoinLive·
US
GLXU
-11.93%
US
GLGG
-11.20%

Binance SAFU Fund authorizes a new address, possibly in preparation for purchasing BTC.

On-chain information shows that the Binance SAFU fund address initiated an authorization transaction approximately 27 minutes ago, adding two new addresses to the "allowed recipient whitelist." This may be in preparation for increasing Bitcoin holdings.

CoinLive·
US
DECO
-4.29%
US
GLGG
-11.20%
US
GLXU
-11.93%
CoinLive·
US
DECO
-4.29%
US
GLGG
-11.20%
US
GLXU
-11.93%

MARKET: The last 14 days wiped $570B from the Total Crypto Market.

null source:

CoinLive·
US
GLGG
-11.20%
CoinLive·
US
GLGG
-11.20%

MicroStrategy Doubles Down on Bitcoin Despite Recent Price Struggles

MicroStrategy plans to increase its Bitcoin investments despite recent price challenges, holding 712,647 BTC at an average cost of $76,037 per coin. With Bitcoin trading around $78,000, the company's unrealized gains are minimal. To fund further purchases, MicroStrategy raised its Series A Perpetual Stretch Preferred Stock dividend to 11.25%, attracting fresh capital. Critics caution that servicing these dividends may strain cash flow if Bitcoin prices stagnate. Nevertheless, the firm remains committed to its Bitcoin strategy, indicating a willingness to buy more amid market volatility.

Beincrypto·
US
GLGG
-11.20%
US
GLXU
-11.93%
Beincrypto·
US
GLGG
-11.20%
US
GLXU
-11.93%
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