Tag: btc

$100B BTC Shift Fuels OG vs Trader Clash

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Key takeaways: Over $104 billion in long-held Bitcoin has moved since 2024, sparking debate on whether older BTC investors are exiting the market for good. Onchain data shows most moved Bitcoin was from short-term holders, not older addresses. Bitcoin’s (BTC) price dip from $126,000 to $100,000 coincided with a notable uptick in selling by long-term holders (LTH). Cointelegraph reported that more than 400,000 BTC moved from LTH wallets in the past 30 days, prompting a debate over whether these flows represent genuine “OG” exits or routine redistribution by traders. Alex…

New whale wallet deposits $7M into Hyperliquid for $BTC, $XRP short positions

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Key Takeaways A newly created whale wallet deposited $7 million USDC into Hyperliquid to open short positions on Bitcoin and XRP. The positions are now worth over $110 million. Share this article A newly created whale wallet deposited $7 million in USDC into Hyperliquid, a crypto derivatives platform, today to establish short positions on Bitcoin and XRP. The wallet address “0x7B7b908c076B9784487180dE92E7161c2982734E” reflects the aggressive bearish positioning that large traders have adopted on the platform amid current market volatility. Whales on Hyperliquid have been increasing short positions on Bitcoin with high…

Spanish Research Center to Sell 97 BTC Bought in 2012, Now Worth $10M

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A Spanish public research institute is preparing to sell a long-forgotten Bitcoin stash, worth over $10 million, which was purchased for just $10,000 in 2012 as part of a blockchain research project. The Institute of Technology and Renewable Energies (ITER), overseen by the Tenerife Island Council, acquired 97 Bitcoin (BTC) more than a decade ago to study blockchain technology. The council is now finalizing plans to divest the holdings, according to a report from Spanish-language newspaper El Día. Juan José Martínez, Tenerife’s innovation councillor, told the outlet that the council…

FBI Not at Fault for Wiping 3.4K BTC From Hard Drive: Judges

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A man convicted of identity theft, who claims his hard drive with over 3,400 Bitcoin was seized and wiped by the FBI, has lost his lawsuit against the government in a US appeals court.  A three-judge panel at the Eleventh Circuit Court of Appeals found on Tuesday that Michael Prime can’t sue the government over the loss of a key to access around 3,443 Bitcoin (BTC), now worth $345 million, as he previously claimed he didn’t own that amount of crypto. Prime asked a court after he was released from…

Metaplanet Taps $100M Bitcoin Loan for Buyback, BTC Buys

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Tokyo-listed Bitcoin treasury company Metaplanet secured a $100 million Bitcoin-backed loan to purchase additional BTC and repurchase its shares. According to a Tuesday filing, the funds were borrowed on Oct. 31 under a credit agreement that allows the company to secure short-term financing using its Bitcoin (BTC) holdings as collateral. The lender’s identity was not disclosed, but the company said the loan carries a benchmark US dollar rate plus a spread and can be repaid at any time. Metaplanet said that the loan structure is conservative, noting it holds 30,823…

Bitcoin Accumulation Hits Records in ‘Normal’ BTC Price Dip

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Key points: Bitcoin accumulator addresses grab 375,000 BTC in a month in a new record. Accumulators added 50,000 BTC as price slipped under $100,000 for the first time in months. The drawdown from October’s all-time high remains within “normal parameters.” Bitcoin (BTC) accumulation is hitting record levels as a trader plays down the sub-$100,000 BTC price dip. Data from onchain analytics platform CryptoQuant published on X Wednesday by contributor Darkfost shows buyers adding 375,000 BTC in just one month. Bitcoin dip-buyers hit 375,000 BTC monthly record Bitcoin hodlers may be…

Key Bitcoin Price Levels To Watch as BTC Enters ‘Macro Downtrend’

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Key takeaways Bitcoin onchain data reveals that the market could be entering a macro downtrend. The psychological level at $100,000 remains the main BTC support for now. Bitcoin (BTC) fell to four-month lows of $98,900 on Tuesday, as analysts say that BTC was “transitioning into a bear market.” Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin price action has established a new range on lower time frames, and market observers are watching the following key support levels below. Bitcoin is entering a bear market Private wealth manager Swissblock…

Bitcoin Drops To $101K But BTC Weakness Defies Fundamentals

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Key takeaways: Bitcoin’s decline mirrors Nasdaq weakness but lacks a fundamental justification. Spot BTC ETF inflows have cooled but remain net positive, showing resilient investor demand. Stablecoin liquidity and onchain accumulation suggest conditions for a rebound. Bitcoin (BTC) extended its decline to $100,800 on Tuesday, dropping 10%+ this week and mirroring the Nasdaq 100 futures’ 1.67% drop as risk assets came under pressure. Historically, when the Nasdaq falls by more than 1.5% in a single day, Bitcoin has a 75% probability of posting a negative return, averaging a decline of…

Blackrock deposits 2,043 BTC and 22,681 ETH into Coinbase

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Key Takeaways BlackRock deposited 2,043 BTC and 22,681 ETH into Coinbase. The assets are worth about $213 million in Bitcoin and $80 million in Ethereum at current prices. Share this article BlackRock, the world’s largest asset manager, deposited approximately 2,043 BTC and 22,681 ETH into Coinbase today, according to data tracked by Arkham Intelligence. The deposits are worth approximately $213 million in Bitcoin and $80 million in Ethereum based on current market prices. BlackRock has been making recurring deposits of crypto assets to Coinbase Prime, signaling continued institutional engagement in…

Bitcoin Long-Term Holders Offload 400K BTC as Price Nears $100K Support

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Key takeaways: Long-term Bitcoin holders sold 400,000 BTC over the past 30 days. Short-term Bitcoin holders panic-sell $3 billion in BTC at a loss. Bitcoin’s rising wedge targets $72,000 price as traders say BTC could drop as low as $60,000. Bitcoin (BTC) declined on Tuesday, falling more than 3.5% over the last 24 hours to trade at $104,000. This brings the weekly and 30-day losses to 8% and 17%, respectively. This drawdown is accompanied by selling from long-term holders, who have offloaded more than 400,000 BTC over the past month.…