Tag: btc

Strategy purchases 220 Bitcoin for $27.2M at $123,561 per BTC

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Key Takeaways Strategy purchased 220 BTC for $27.2M at $123,561 each. The move is part of Strategy’s ongoing focus on Bitcoin as a treasury asset. Share this article Strategy purchased 220 Bitcoin for $27.2 million at an average price of $123,561 per BTC between October 6 and 12. Strategy, a publicly traded company formerly known as MicroStrategy that has rebranded to focus on Bitcoin treasury management and institutional adoption strategies, continues its consistent pattern of Bitcoin acquisitions. The purchase adds to Strategy’s position as a key player in corporate crypto…

BTC Price to $150K? Traders say Bitcoin’s Upside Remains Intact

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Key takeaways: Bitcoin traded above short-term holder cost basis at $114,000, signaling recovering demand and potential for further gains. Analysts said Bitcoin could continue its uptrend, with targets above $150,000. Bitcoin (BTC) price reclaimed the $115,000 level on Monday, recouping some of the losses from Friday’s historic sell-off, which resulted in over $20 billion in centralized exchange liquidations. The 10%-15% price drop left a mark on BTC’s technicals, but traders said that Bitcoin’s macro outlook remained bullish with $150,000 still in the cards. Bitcoin recovers above key trendline The BTC/USD…

MARA Holdings increases Bitcoin holdings by 400 BTC via FalconX: On-chain data

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Key Takeaways MARA Holdings, a publicly listed Bitcoin mining firm, added 400 BTC to its reserves. The acquisition was conducted through FalconX, an institutional digital asset trading platform. Share this article MARA Holdings, a publicly traded Bitcoin mining company, increased its Bitcoin holdings by 400 BTC through a transaction facilitated by FalconX, a digital asset trading platform. The purchase adds to the company’s strategic cryptocurrency treasury expansion. MARA Holdings has been positioning itself as a key player in Bitcoin accumulation strategies, focusing on long-term cryptocurrency reserves. The company recently engaged…

Investigation Links 100K BTC Hyperliquid Whale to Former BitForex CEO

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An onchain investigation by crypto researcher Eye has linked the mysterious Hyperliquid whale, who controls over 100,000 BTC, to Garrett Jin, the former CEO of BitForex, a now-defunct exchange embroiled in a fraud scandal. In a Saturday post on X, the onchain sleuth noted that the whale’s main wallet, ereignis.eth, was connected to another ENS name, garrettjin.eth, which directly leads to Jin’s verified X (Twitter) account, @GarrettBullish. “The ENS name ereignis.eth (“event” in German) confirms his link to this wallet, identifying him as the actor behind the large-scale operations on…

Three Bitcoin Price Charts to Watch After Record $5.39B BTC Liquidation

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Key takeaways: Bitcoin’s broader uptrend and on-chain data suggest the market remains in an expansion phase. Strong dip-buying by “sharks,” and key trendline support point to another BTC rebound. Bitcoin (BTC) attempted to recover a day after traders witnessed the biggest single-day wipeout on record, with over $5.39 billion in leveraged positions liquidated in 24 hours, which is twice as large as the “COVID-19 crash” in 2020. BTC total liquidations chart. Source: DefiLlama As of Saturday, BTC’s price had rebounded by 8.50% after dropping to its local low at around…

Bitcoin OG books over $160M profit from BTC and ETH shorts in 30 hours

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Home » Markets » Bitcoin OG books over $160M profit from BTC and ETH shorts in 30 hours Veteran trader leverages market swings and liquidity events to secure massive gains from high-risk shorts in digital assets. Photo: Amjith S Key Takeaways Bitcoin OG, a veteran crypto trader, realized over $160 million in profits by shorting Bitcoin and Ethereum in just 30 hours. The trader actively adjusts positions in response to market volatility. Share this article Bitcoin OG, a veteran trader recognized for owning early-era coins and executing large-scale positions, booked…

Bitcoin holders move 14,217 BTC from long-dormant wallets

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Key Takeaways 14,217 BTC were moved from wallets that had remained inactive for a long period, indicating renewed activity by long-term holders. This move is part of a trend where dormant wallets are reactivating, especially during times of market volatility. Share this article Bitcoin holders recently moved 14,217 BTC from wallets that had remained inactive for extended periods, signaling renewed activity among long-term investors, according to CryptoQuant analyst JA Maartunn. The movement represents part of a broader trend of dormant wallet activations that has emerged during recent market volatility. Long-term…

Bitcoin May Avoid $118K Correction as BTC Futures Market Regains Footing

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Key takeaways: BTC price may drop to the $118,000-$120,000 range before resuming its uptrend, analysts say. Bitcoin futures open interest fell by $4.1 billion from its peak, potentially indicating a “healthy” reset. Bitcoin (BTC) was down 3.7% from its $126,000 all-time high and may revisit the $118,000 level over the next few days, but data suggested that prolonged trading below that level could be short-lived. Bitcoin could drop to $118,000 first Bitcoin price was trading at $121,300 on Friday, after posting moderate losses over the past 24 hours, data from…

BTC Short For $600M, ETH For $300M

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A large cryptocurrency investor who surfaced two months ago with about $11 billion worth of Bitcoin has opened almost $900 million in short positions against Bitcoin and Ether, signaling expectations of a market correction despite widespread optimism for October. The whale returned to trading on Thursday with a $360 million Bitcoin (BTC) transfer that piqued the interest of cryptocurrency investors, Cointelegraph reported. On Friday, the whale opened a $600 million 8x leveraged short position on Bitcoin and a leveraged short worth over $300 million on Ether (ETH), according to blockchain…

Bitcoiners Can Raise BTC Price Target: Bitcoin Analyst

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Bitcoin holders may want to rethink their price targets for 2025, with one Bitcoin analyst arguing that $110,000 has been firmly established as Bitcoin’s new bottom. “You can kind of start lifting some of your targets and saying, “Well, because we’ve proven 110, that’s the floor, where do we go from here?” James Check said in an interview published on YouTube on Thursday. “We’ve built an enormous base up here at $2 trillion,” he said, referring to Bitcoin’s (BTC) market capitalization, which is currently sitting at around $2.42 trillion. “We…