Tag: btc

Crypto, News

Bitcoin Market Dynamics: Institutional Inflows Surge Amid Government Sales And ETF Growth

Recent developments in the Bitcoin market have showcased notable shifts in both supply and institutional interest. The market absorbed over 48,000 BTC from sell-offs sourced by the German Government, coinciding with anticipated Mt. Gox distributions in the near future. Bitcoin’s daily on-chain volume now hovers around $46.4 billion, comparable to […]

Crypto, News

Bitcoin Plummets To Two-Month Low Amid These Four (4) Massive Sell-Offs And Liquidations

Bitcoin has dropped to a two-month low, with most altcoins experiencing even more significant declines. ‼️ BREAKING: #Bitcoin Drops Below $53K, Levels Last Seen Since February 2024. In the past 24 hours, 231,775 traders were liquidated, the total liquidations comes in at $669.48 million! 🟥#cryptomarket #cryptocrash #bitcoincrash pic.twitter.com/xezI6yjEvX — CoinEcho […]

Crypto, News

Long-Term BTC Holders Reduce Holdings Amid Market Volatility And Increased Retail Activity

Throughout 2024, long-term Bitcoin holders have been steadily reducing their holdings. In May, there was a notable sell-off, with 160,000 BTC (approximately $10 billion) sold. This trend slowed somewhat in June, with 40,000 BTC leaving long-term holders’ wallets. Long-term BTC holders have been reducing their holdings throughout 2024. May saw […]

Crypto, News

Digital Asset Outflows Reach $584M, Yet Smart Traders Accumulate ETH Amid Dip

According to CoinShares, digital asset investment products experienced significant outflows totaling $584 million last week, shaving off US$1.2bn in total. Bitcoin led the pack with outflows of $630 million, while Ethereum saw $58 million in outflows. In contrast, multi-asset products attracted inflows of $98 million, suggesting that investors view weakness […]