On November 7 (ET), Wu Blockchain reported that U.S. Bitcoin spot ETFs saw a massive $558 million in total net outflows. All twelve Bitcoin ETFs recorded withdrawals, with none seeing any inflows. This marks one of the largest single-day outflows since Bitcoin spot ETFs began trading in the United States. On Nov. 7 (ET), U.S.
A well-known crypto whale, nicknamed “1011short,” has made a bold move in the crypto market. After closing all his Bitcoin long positions at a $1.3 million loss. The trader has gone all in on Ethereum. According to Lookonchain data, he now holds 40,000 ETH. Which worth roughly $138 million, with a liquidation price near $2,532.81.
Key Takeaways BlackRock clients divested $127 million in Bitcoin on November 7. This marks another major outflow from the asset manager’s crypto holdings. BlackRock clients pulled $127 million from the firm’s Bitcoin ETF on Friday, marking another sizable outflow from the asset manager’s cryptocurrency holdings. BlackRock, a prominent asset manager, has experienced a series of
ARK Invest’s founder and CEO, Cathie Wood, reiterated her long-term optimism for Bitcoin in the November edition of In the Know podcast. Despite recent market fluctuations, she confirmed that her $1 million price projection for Bitcoin remains unchanged. Wood pointed to the rapid expansion of stablecoins, whose combined value has now exceeded $300 billion, as
Bitcoin’s recent dip below $100,000 tested investor nerves and market conviction. Yet, the largest cryptocurrency quickly rebounded, reaffirming its new psychological floor. Analysts across the board agree that, despite short-term turbulence, the structural trend for Bitcoin remains intact and potentially bullish. Most analysts view the US government shutdown as a significant constraint on prices in
Bitcoin price today trades near $102,436 after breaking below a multi-month trendline, placing immediate pressure on buyers as price retests the critical $100,000 to $98,500 support band. BlackRock Outflows Add To Pressure As Spot Distribution Continues Institutional flows tilted bearish again. BlackRock clients withdrew $131 million from its Bitcoin ETF on Friday. The asset manager
BTSE COO Jeff Mei noted that part of the recent pullback in the cryptocurrency market is due to growing concerns that AI-themed tech stocks may be overvalued. According to Mei, Bitcoin’s decline could deepen further if there is a sharp sell-off in AI and tech stocks. SignalPlus partner Augustine Fan emphasized that there are no
While many are still focused on how high the bitcoin price could go during this current bull market (although given current price action, maybe not!), it’s equally important to prepare for what comes next. Here we’ll look at the data and mathematics that can help us estimate where Bitcoin’s next bear market low could occur
On Friday, while bitcoin floated just north of the $100,000 mark, a 2016-era whale suddenly woke up—moving 216.95 BTC valued at $22.47 million after sitting still for 9 years and 4 months. Dormant 2016 Wallet Makes a Splash Talk around town has zeroed in on OG bitcoin holders shifting hefty stacks of long-idle coins. Since
On-chain analysis platform Glassnode stated in its latest options market report that Bitcoin investors are still in a state of intense panic and insecurity. According to the data, there is no expectation of a strong bottom reversal in the options market, neither in the near term nor in the medium-long term. According to Glassnode’s analysis,