Trump Media acquired 4,662 BTC for over $293 million in Q2, bringing their total holdings to 14,139 BTC valued at $900 million. The move comes as the company posted a massive loss of $238 million in Q2, ten times bigger than the loss recorded a year ago. Bitcoin is trading around $65K with weekly ETF net flow hitting $770.60 million, but network activity remains weak and the price could drop below the $60K support level. Four traders shorted 3,895 BTC worth $249 million with liquidation prices around $66K, while two traders took long positions on 1,547 BTC valued at $99 million with liquidation prices at $61K.
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