Bitcoin Whale Continues Buying Despite Losing Tens of Millions

bitcoin whale

One of the major Bitcoin whales recently added 750 BTC to its holdings, even though it has significant unrealized losses from existing assets. According to Lookonchain, a platform that tracks on-chain data, the whale purchased Bitcoin worth $46.8 million, bringing its total holdings to 10,158 BTC. At current market prices, the whale’s Bitcoin holdings are valued at approximately $633 million. This … Read more

Spot Bitcoin and Ethereum ETFs Registered Outflows Despite Increasing Trading Volume

Spot Bitcoin

After two consecutive days of positive inflows, U.S. spot Bitcoin ETFs saw net outflows of $18.66 million on Tuesday. The FBTC fund by Fidelity led the outflows, with a withdrawal of $48.82 million, according to Farside data. Grayscale’s GBTC, the second-largest Bitcoin ETF by assets, also experienced an outflow of $9.41 million following a day of inactivity. In contrast, IBIT by BlackRock, the largest … Read more