The Hyperliquid whale that banked $192 million shorting the recent market crash has doubled down on their new short position, having now loaded up almost half a billion over the past two days. According to data from Hyperliquid block explorer Hypurrscan, the whale now has a short position worth around $496 million, at 10x leverage
Metaplanet, a Japanese Bitcoin treasury company, has seen its enterprise value fall below the value of its Bitcoin holdings, entering uncharted territory as one of the world’s largest public holders of the asset. Metaplanet’s market to Bitcoin NAV (mNAV) — a ratio between the company’s value and its Bitcoin (BTC) holdings — dropped below 1
U.S. spot bitcoin exchange-traded funds (ETFs) recorded their largest combined daily outflow since Sept. 26 on Monday, with $326.4 million exiting the market, according to Farside data. However, BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF by assets on the market, bucked the broader trend by continuing to see inflows. Over the past
Key Takeaways BlackRock bought approximately $60 million worth of Bitcoin in a single day. This accumulation continues despite recent market volatility. BlackRock clients purchased around $60 million worth of Bitcoin on Monday, continuing the asset management firm’s accumulation during market volatility. BlackRock, a major asset management firm, has been facilitating client investments in Bitcoin through
Bitcoin is sailing into calmer waters following last week’s tumultuous event, which triggered the worst cascading set of liquidations in crypto’s 16-year history. While Bitcoin bounced on Monday, the momentum has slowed, leaving it to trade at roughly $113,500, down about 1.5% over the past 24 hours, according to CoinGecko data. Heightened bearish activity
“Smart traders” picked up more Bitcoin and altcoins last week as retail investors overreacted to US President Trump’s 100% tariff against China, according to onchain analytics platform Santiment. “Retail’s emotions often dictate that Bitcoin’s and altcoins’ prices are about to do the opposite,” Santiment analyst Brian Q said in a blog post on Monday. The
It’s been a rocky three days for the crypto market… to say the least. But bitcoin holders are faring best, as bitcoin price bounced back sharply to around $116,000 today following a volatile weekend that saw the broader crypto market slump. The bitcoin price fell to the low $100,000s on Friday as U.S. and China
Cryptocurrency analysis firm QCP Capital has assessed the sharp market volatility following US President Donald Trump’s imposition of 100% tariffs on Chinese imports. The tensions shook global markets, causing the largest cryptocurrency liquidation in history, the company said. According to a report by QCP Capital, Bitcoin (BTC) briefly fell to $102,000 before recovering to $112,000.
Strategy, the world’s largest corporate holder of Bitcoin, said that it spent $27 million on the asset last week, but it appears that the firm did so before the leading cryptocurrency’s price plunged on Friday. Although Bitcoin’s price ranged between $126,000 and $110,000 last week, Strategy said that it purchased 220 Bitcoin at an average
Strategy (MSTR), the world’s largest corporate owner of bitcoin BTC$114,474.30, appeared to miss out on capitalizing on last week’s market rout to purchase the dip in prices. According to Monday’s press release, the firm bought 220 BTC at an average price of $123,561. The company used the proceeds of selling its various preferred stocks (STRF,