The post Bitcoin Fall Was Triggered By $1.3 Billion IBIT Dark Pool Sale appeared on BitcoinEthereumNews.com.
An unknown trader’s $1.3 billion sale of shares in BlackRock’s Bitcoin exchange-traded fund on Tuesday coincided with a steep fall in the price of Bitcoin, according to analysts. A trader sold 29.2 million shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) at 2:30 p.m. UTC on a “dark pool,” a private trading platform that institutions often use to discreetly make large trades outside of public markets. The impact of the $1.3 billion trade was immediately felt in the crypto market, with TradingView data showing that Bitcoin (BTC) fell 1.5% from $77,875 to $76,720 in a short 10-minute window after 2:30 p.m. UTC. Bitcoin then slid further to a 24-hour bottom of $75,600 about 12 hours later, marking a 2.8% fall for the day. Bitcoin has historically been viewed as an asset that trades outside of the traditional market, but products such as US-based Bitcoin ETFs have removed barri
While much of the crypto market remains focused on Bitcoin’s next move and Ethereum’s consolidation range, a quieter shift is taking place beneath the surface. On-chain observers with presale analysts have pointed to early whale-style placing in Ozak AI, a trend that has appeared before prominent repricing events instead of after that. Silent Accumulation Often […]
The post Crypto Whales Are Quietly Positioning in Ozak AI Ahead of Expected Market Repricing appeared first on Live Bitcoin News.
The potential forced selling of Bitcoin by treasury-heavy firms could trigger a feedback loop, amplifying market volatility and investor risk.
The post Fund manager warns Bitcoin could drop as $150B Treasury operation nears appeared first on Crypto Briefing.
The potential forced selling of Bitcoin by treasury-heavy firms could trigger a feedback loop, amplifying market volatility and investor risk.
The post Fund manager warns Bitcoin could drop as $150B Treasury operation nears appeared first on Crypto Briefing.
A countertrend rally that pushed Bitcoin to $82,800 has done little to change one analyst’s bearish outlook — because he says the bounce itself is proof the pattern is repeating. Related Reading: When Bitcoin Gets Ignored, It Tends To Rally The Hardest, Analyst Says What The Charts Are Showing Benjamin Cowen, founder and CEO of Into The Cryptoverse, points to a recurring rejection at the 200-day simple moving average as a key signal. The same thing happened in 2018 and 2022, and both times it came just before the final leg down. Cowen also noted that some countertrend rallies in past cycles ran longer than 20 weeks. The current one clocked in at 16 weeks, which he says undercuts the argument that Bitcoin has already found its floor. The four year cycle for Bitcoin is not dead. Bitcoin topped when it always topped (to within 1 week when measure from low-to-high), so why can’t it bottom near the end of the midterm year, just as it generally has? (1/x) pic.twitter.com/Spoh4s6NRG — Benjami
The Bitcoin slump and ETF outflows highlight increased market volatility, driven by geopolitical tensions and potential Fed rate hikes impacting liquidity.
The post Bitcoin slumps below $73,000 as ETF outflows hit $733 million appeared first on Crypto Briefing.
Geopolitical tensions heighten market volatility, impacting short-term crypto outlooks but leaving long-term Bitcoin predictions largely stable.
The post Bitcoin falls below $73K as US airstrikes on Iran trigger $1B liquidations appeared first on Crypto Briefing.
Block is rolling out USDC payments on Cash App to nearly 60 million users across four blockchain networks. CEO Jack Dorsey admitted customer demand drove the stablecoin move despite his longstanding bitcoin-only stance. The global stablecoin market hit a record $322 billion, exceeding reserves of 95 countries, including the UK and Canada. Block has expanded […]
The post Block Expands Stablecoin Push With USDC Support on Cash App appeared first on Live Bitcoin News.
BlackRock's Bitcoin sale signals potential market volatility, highlighting the influence of institutional actions on cryptocurrency sentiment.
The post BlackRock ETF offloads $527.8M Bitcoin, impacting market sentiment appeared first on Crypto Briefing.
