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NASA wants to put a $20 billion base on the Moon
gnnhd84d ago

NASA wants to put a $20 billion base on the Moon

NASA Administrator Jared Isaacman has big plans for the future of the agency, including the construction of a $20 billion lunar base that he said will establish an "enduring presence" on the Moon. Isaacman announced the news during NASA's Ignition event on Tu...

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Bitcoin Short-Term Holders Capitulate As 22K BTC Flow To Exchanges
newsbtc84d ago

Bitcoin Short-Term Holders Capitulate As 22K BTC Flow To Exchanges

The price of Bitcoin succumbed to bearish pressure and fell to around $65,500 on Friday, while the geopolitical tensions between the United States, Israel, and Iran seem to worsen. According to a recent on-chain evaluation, this latest price decline appears to have been triggered by a panic-driven sell-off among the market’s most sensitive investor group. Panic Selling Dominates Short-Term Market Sentiment Market analyst Maartunn revealed, in a March 27th post on the X platform, that Bitcoin’s short-term holders have moved a significant amount of Bitcoin into exchanges over the past day. This on-chain observation puts some perspective on the latest drop in the BTC price. Related Reading: $2.3 Billion Ethereum Has Left OKX And Binance This Quarter: The Sell-Side Supply Is Thinning The relevant metric here is the Short-Term Holder P&L to Exchange Sum, which measures the total profit or loss that short-term holders realize when sending Bitcoin to exchanges over 24 hours. According to data from CryptoQuant, Bitcoin short-term investors sent roughly 21,700 coins to exchanges in a bid to cut their losses. Notably, the highlighted chart shows a sharp spike in realized losses at the same time these exchange inflows occurred. Maartunn explained that this means all of these investors who moved their coins actually did so while incurring losses. Typically, short-term holders are more likely to exit unfavorable conditions, unlike the long-term holders, who tend to accumulate during dips. It is also worth noting that such capitulation events often occur during periods of high uncertainty (as is currently the case), where fear is the predominant short-term sentiment, rather than confidence. What’s Next For Bitcoin’s Price? The current sell-off by the short-term participants may signal either a potential turning point for Bitcoin or an increased risk of further downward movement. On one hand, as STHs (weaker hands) exit under pressure, their coins are gradually transferred to more resilient investors with higher conviction (known as the diamond hands). This redistribution is often a source of strength for the overall market structure, as long-term holders are known to accumulate during periods of fear and uncertainty. Hence, what merely seems to be panic selling may actually be underground work for Bitcoin’s recovery. On the flip side, this capitulation event may further expose the premier cryptocurrency to more downside risk. This scenario would likely come into play if more macroeconomic factors (for example, increasing interest rates) cause demand shrinkage. This “demand shrinkage” can make the recent STH capitulation appear more severe than it actually is, as fewer participants are available to absorb supply. As a result, the Bitcoin price could see a spread of bearish momentum, which would in turn send prices further south. As of press time, Bitcoin’s valuation stands at around $66,110, reflecting a significant 4.2% decline in the past 24 hours. Related Reading: Ethereum Price Drops Near $2,020, Downside Pressure Continues to Build Featured image from iStock, chart from TradingView

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South Korean chip giants step up China investments to combat global AI memory shortage
scmp84d ago

South Korean chip giants step up China investments to combat global AI memory shortage

Samsung Electronics and SK Hynix are stepping up investments in their China wafer fabs as they race to boost supply amid a tightening memory chip market driven by demand for artificial intelligence computing, underscoring China’s continued role in semiconductor production despite US restrictions. Samsung Electronics invested 465.4 billion won (US$308.8 million) in its Xian chip plant in 2025, a 67.5 per cent increase from a year earlier, according to an annual report filed with South Korea’s...

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