The cryptocurrency world is buzzing with significant news, signaling a profound shift in institutional investment. Global quantitative trading firm Jane Street, a colossal liquidity provider with an astonishing $505 billion in assets under management (AUM), has dramatically increased its BTC ETF holdings to an astounding $3.4 billion. This remarkable move, initially reported by Bitcoin journalist
US-based spot Bitcoin ETFs have posted their longest run of outflows in over four months, though crypto entrepreneur Anthony Pompliano says that Bitcoin’s price may now be oversold. Over the past five trading days, spot Bitcoin (BTC) ETFs have seen roughly $1.17 billion in outflows, representing the longest streak since a seven-day outflow period in
Amid the persisting sell-offs faced by the broad crypto market, BlackRock has also joined the trend. In a move that has sparked reactions from the crypto community, data from on-chain tracking platform LookOnChain has revealed BlackRock’s sale of large portions of its Bitcoin and Ethereum holdings. According to the data, BlackRock has collectively moved over
Cryptocurrency analysis firm Alphractal has released a new report highlighting the correlation between Bitcoin price movements and the global money supply. The analysis shows that when China’s money supply (M2) outpaces that of the US, Bitcoin typically trends upward. The report argues that Bitcoin prices have seen a strong increase in the past few weeks,
Famous investor and Professional Capital Management CEO Anthony Pompliano evaluated the recent price movements of Bitcoin (BTC). According to Pompliano, the recent declines in Bitcoin are a sign of the asset’s maturation process. Pompliano noted that Bitcoin has typically experienced corrections of 30% in past bull markets, while the recent decline has remained in the
Macro conditions suggest Bitcoin (BTC) might face a multi-week performance slowdown if global M2 money supply peaks in September, according to a recent report by Delphi Digital. The BTC-M2 relationship using a 10-week offset shows M2 data already rolling over roughly 8% from projected September highs. Bitcoin has historically followed M2 peaks with performance lags,
I hate it when the bitcoin price falls — like it did this week, first from $118,000 to $115,000, and then $115,000 to $113,000 (and then $112,000 while I was writing; rude). It’s nerve-wrecking, terrifying and straight-up infuriating. We’re on this unavoidable monetary revolution and every identifiable sign is pointing in the same, upward direction
Bitcoin traded between $112,800 and $113,200 per coin from 9 to 11 a.m. Eastern on Aug. 21 as derivatives metrics showed steady open interest and heavier put activity over the past 24 hours. Futures Positioning Builds Across Venues; Binance and Bybit Trail CME Total bitcoin futures open interest (OI) stood at 711.18K BTC, equal to