Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuant
The selling coincides with net outflows from U.S.-listed bitcoin ETFs in the same period, data shows.
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The selling coincides with net outflows from U.S.-listed bitcoin ETFs in the same period, data shows.
The relatively new token created ripples in the crypto community on X this week over its supposed existence as the “official” Donald Trump token. But it turns out one of its biggest loudmouths was behind its issuance.
Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.
Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.
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Persistent testing of the lows sets the bears up for quick success with their next target at $60,000, one trader said.
BlackRock’s IBIT was the only ETF posting a net inflow on Thursday, while most of the funds recorded outflows.
There is no evidence to show Tate sold tokens from his doxxed wallets, but some supposed “insider” buying activity before the token’s promotion on X shows too much of the token in too little hands.
Addresses tied to Curve founder Michael Egorov are borrowing nearly $100 million in various stablecoins against $140 million in curve tokens.
Grayscale’s GBTC saw $40 million in outflows, the most among its counterparts, while Bitwise’s BITB led inflows at $7.6 million.