Tag: btc

‘Smart trade’ — Eric Trump reacts after Dave Portnoy discloses XRP, BTC, and ETH purchases

admin

Key Takeaways Dave Portnoy disclosed new purchases of XRP, BTC, and ETH. Eric Trump publicly endorsed the trade as a ‘smart’ one. Share this article Eric Trump lauded Dave Portnoy’s move as a “smart trade” after the Barstool Sports founder disclosed he had accumulated XRP, Bitcoin, and Ethereum during the crypto market rout. Portnoy invested over $2 million in the three leading crypto assets, allocating the largest portion of the capital to XRP. He bought $750,000 in Bitcoin and $400,000 worth of Ethereum. It’s likely that Eric Trump was referring…

Bitcoin faces short-term holder capitulation as 65,200 BTC moves to exchanges

admin

Key Takeaways Short-term Bitcoin holders moved 65,200 BTC to exchanges, mostly at a loss, signaling panic selling. This kind of capitulation reflects renewed market stress among recent buyers who bought at higher prices. Share this article Short-term Bitcoin holders transferred 65,200 BTC to exchanges, signaling renewed market stress as investors move assets at a loss. The capitulation pattern typically occurs when recent investors face mounting losses and decide to exit their positions. Institutional investors have been selling Bitcoin recently, alongside capitulation from retail short-term holders. The simultaneous behavior reflects increased…

BlackRock transfers 3,064 BTC and 64,707 ETH to Coinbase for $478M

admin

Key Takeaways BlackRock transferred 3,064 BTC and 64,707 ETH to Coinbase Prime. These transfers are consistent with BlackRock’s previous institutional crypto asset management practices. Share this article BlackRock today transferred 3,064 Bitcoin and 64,707 Ethereum tokens to Coinbase, valued at approximately $478 million. The asset management giant moved the digital assets to Coinbase Prime, the exchange’s institutional custody platform. BlackRock has maintained a pattern of depositing Bitcoin and Ethereum on Coinbase Prime, indicating routine adjustments for liquidity or asset management. The transfers come amid ongoing market fluctuations, with Bitcoin recently…

El Salvador Claims $100M BTC Dip Buy Despite IMF Deal

admin

El Salvador, the first country to adopt Bitcoin as legal tender, says it has bought more than $100 million in BTC despite pledging to the International Monetary Fund (IMF) to limit public exposure to the asset as part of a loan agreement. According to data from El Salvador’s Bitcoin Office, the government acquired 1,090 Bitcoin (BTC) worth more than $100 million on Tuesday. The purchase comes after the IMF said in a July report that the Central American nation had not bought any new Bitcoin since the organization approved a…

Average Bitcoin ETF Investor Now In The Red As BTC Slips Below $89,600

admin

Bitcoin’s rapid pullback has pushed the average US spot Bitcoin exchange-traded fund (ETF) investor into the red for the first time since the products launched. The flow-weighted cost basis across all US Bitcoin (BTC) ETFs sits near $89,600, a level Bitcoin fell below on Tuesday, leaving the cohort underwater, Glassnode analyst Sean Rose told Bloomberg on Tuesday. Some early buyers, particularly those who entered when Bitcoin was between $40,000 and $70,000, still remain in profit. “Even with the average ETF cost basis above spot, most ETF holders are long-term allocators,…

ETH Falls Under $3K As BTC Slumps Toward $90K

admin

Key takeaways: ETH falls to a 4-month low despite recent layer-2 growth cutting base fees and boosting Ethereum’s use in tokenization and stablecoin. ETH may recover as global risks ease and new liquidity enters markets, helping the price move back toward $3,900. Ether (ETH) crashed below $3,000 on Monday, and the drop reflects a sector-wide risk-off shift where traders are worried that the bull run may have ended after a 40% correction from the $4,956 all-time high in August. ETH/USD (blue) vs. altcoin market cap (red). Source: TradingView / Cointelegraph…

BTC Futures Flips Negative Against Spot: What Does It Mean?

admin

The Bitcoin futures-to-spot basis has fallen into negative territory, signaling a significant shift in trader sentiment toward de-risking. Futures are now trading below the spot price for the first time since March 2025, erasing the premium that typically reflects strong demand for leverage. This transition into a futures discount phase suggested that Bitcoin (BTC) traders are increasingly unwilling to take on risk, instead pricing BTC’s short-term outlook lower. Key takeaways: Bitcoin futures – spot basis turns negative, signaling caution and de-risking among traders. Internal exchange flows surges have historically marked…

Dormant Bitcoin supply wakes up with 4,668 BTC on the move

admin

Key Takeaways A total of 4,668 BTC held dormant for 3–5 years has been moved, worth approximately $440 million. This activity by long-term holders is notable and can signal shifts in market sentiment or investment strategy. Share this article Dormant Bitcoin aged three to five years, totaling 4,668 BTC, was recently spent, according to CryptoQuant analyst J.A. Maartunn. The movement represents approximately $440 million worth of Bitcoin at current market prices. Such activity from holders typically draws attention from market analysts who view it as a potential indicator of shifting…

Strategy Steps up Bitcoin Buys with 8,178 BTC Purchase

admin

The company behind the largest Bitcoin treasury announced it had returned to buying large amounts of the cryptocurrency following a $835 million purchase. In a Monday filing with the US Securities and Exchange Commission, Michael Saylor’s Strategy reported acquiring 8,178 Bitcoin (BTC) for about $835 million. The purchase represented a significant increase compared to the company’s BTC investments in October and earlier in November, which it reported to be about 400-500 coins per week. Source: Strategy The acquisition came amid significant volatility in the price of Bitcoin. According to data…

New Investors Sell 148K BTC At A Loss As Bitcoin Price Falls to $92K.

admin

Key takeaways: Newer Bitcoin investors sold over 148,000 BTC at a loss on Nov. 14. Analysts agree that pushing Bitcoin’s price below the Jan. 1 open at $93,000 could trigger a fresh downtrend to areas below $90,000. Bitcoin (BTC) price dropped to $92,000 on Sunday, erasing nearly all of this year’s gains as the end of the US government shutdown failed to improve investor sentiment. This has led investors and traders to reevaluate their risks and stay cautious, with the most recent buyers selling their BTC at a loss. Bitcoin…