Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Bitcoin wallets holding between 1,000 and 10,000 BTC increased their holdings while prices slid over the past few days, while those owning less than 1 BTC were sellers, IntoTheBlock data shows.
Bitcoin ETFs saw $168 million net outflows on Monday, led by Grayscale's GBTC, Fidelity's FBTC and 21Shares/Ark Invest's ARKB.investors endured a rollercoaster of action as prices plummeted through the weekend to $49,000 by early Monday before modestly rebounding to around the $56,000 level in morning U.S. hours, triggering diverse reactions by holders.
Crypto wallets holding between 1,000 and 10,000 BTC, worth roughly $56 million and $560 million at current prices,"demonstrated confidence during the recent dip, consistently increasing their holdings as prices fell," IntoTheBlock analysts said. Meanwhile, wallets with less than 1 BTC"showed weak hands, with the most substantial decrease in holdings during yesterday's market downturn, they added.. Outflows were limited to Grayscale's GBTC, Fidelity's FBTC and 21Shares/Ark Invest's ARKB, while rivals showed very modest inflows or flat performance.only represented 0.3% of the total assets under management in the ETFs.
"That's peanuts," Balchunas said, referring to the overall level of flows yesterday."That said, it's one day, I could see some more outflows this week. I was thinking a couple billion would leave. So far though, looking much stronger than that."in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cypherpunk Holdings ‘significantly’ ups its Solana holdingsThe firm now holds $14 million worth of SOL — up from “nil” just months ago.
Read more »
$34 Million in Ethereum (ETH) in 24 Hours, What's Happening?Ethereum whales appear to be dumping their ETH holdings
Read more »
Bitcoin Whales Unleash Crazy $4.26 Billion Shopping SpreeBitcoin whales just spent staggering $4.3 billion during market dip — could they be manipulating market?
Read more »
Metaplanet Expands Bitcoin Holdings with $2.4 Million PurchaseCrypto Blog
Read more »
Bitcoin Surges to $63,000 as US Whales and Institutions Drive Buying SpreeCrypto Blog
Read more »
Bitcoin (BTC) Whales See Huge Buy Opportunity, Indicator SaysBattle-tested indicator hints at near Bitcoin (BTC) price recovery: It has worked since Q4, 2018!
Read more »