Crypto Currency

Bitcoin whale transfers $3.6 million to Kraken after 15 years of dormancy

Key Takeaways An early Bitcoin whale transferred $3.6 million to Kraken exchange. Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets Share this article An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to

Published 2 years ago in
Bitcoin whale transfers $3.6 million to Kraken after 15 years of dormancy

Key Takeaways

  • An early Bitcoin whale transferred $3.6 million to Kraken exchange.
  • Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets

Share this article

An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to the Kraken exchange, according to blockchain analytics platform Arkham Intelligence. 

This recent movement of Bitcoin, mined just one month after Bitcoin’s mainnet went live, has sparked curiosity among market observers.

Arkham revealed that the whale, who holds over $72.5 million in Bitcoin, initiated the transfer yesterday. The transferred Bitcoin, mined in February or March 2009, now sits in Kraken’s wallet following a series of smaller transactions, including a five-bitcoin transfer on September 24. 

This comes just a few days after another early Bitcoin whale, who mined their Bitcoin around the same time, woke up after 15 years of dormancy to move $16 million worth of BTC, according to Arkham Intelligence. 

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Crypto Currency

Strategy Puts Almost $1.1 Billion Into Preferred Stock Buybacks Since October, Dwarfing Bitcoin Spending

TLDR Strategy bought 1,036 Bitcoin for $81.9 million last week, its second straight weekly buy. It spent $188.3 million on Stretch preferred share buybacks in the same week. Buybacks since October total about $1.06 billion, versus $219.7 million spent on Bitcoin. Holdings now stand at 850,364 Bitcoin…

Published 30 minutes ago in
Strategy Puts Almost $1.1 Billion Into Preferred Stock Buybacks Since October, Dwarfing Bitcoin Spending

TLDR Strategy bought 1,036 Bitcoin for $81.9 million last week, its second straight weekly buy. It spent $188.3 million on Stretch preferred share buybacks in the same week. Buybacks since October total about $1.06 billion, versus $219.7 million spent on Bitcoin. Holdings now stand at 850,364 Bitcoin…
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Crypto Currency

Bitcoin could dip to $67k amid $1.3 billion ETF outflows

Key takeaways Bitcoin (BTC) trading volume surged more than 200% over 24 hours as the cryptocurrency fell toward $75,000.  US spot Bitcoin ETFs recorded approximately $1.3 billion in weekly net outflows, while the Crypto Fear and Greed Index dropped to 28.  Bitcoin risks extending its decline toward $71,500 and $67,000 after losing its 200-day Exponential

Published 30 minutes ago in
Bitcoin could dip to $67k amid $1.3 billion ETF outflows

Key takeaways

  • Bitcoin (BTC) trading volume surged more than 200% over 24 hours as the cryptocurrency fell toward $75,000. 
  • US spot Bitcoin ETFs recorded approximately $1.3 billion in weekly net outflows, while the Crypto Fear and Greed Index dropped to 28. 
  • Bitcoin risks extending its decline toward $71,500 and $67,000 after losing its 200-day Exponential Moving Average (EMA). 

Bitcoin (BTC) remains under heavy selling pressure as trading activity surges and investors reassess the cryptocurrency market’s outlook following the US midterm elections.

The world’s largest cryptocurrency recently fell toward $75,000, triggering a sharp increase in market activity. 

Bitcoin’s trading volume jumped more than 200% over 24 hours, reflecting heightened volatility as traders reacted to deteriorating sentiment and significant leveraged position liquidations.

Bitcoin ETF outflows reach $1.3 Billion as institutional investors retreat

Institutional demand for Bitcoin has weakened sharply, with US spot ETFs recording substantial withdrawals during the latest market correction.

According to SoSoValue, Bitcoin ETFs experienced approximately $1.3 billion in net outflows over the past week.

The outflows continued, with another $201.80 million withdrawn from the funds on Monday. 

The persistent redemptions suggest that institutional investors are becoming increasingly defensive amid regulatory uncertainty and broader cryptocurrency market weakness.

Consequently, sustained withdrawals can influence market sentiment and potentially increase selling pressure.

The latest outflows also suggest that Wall Street investors are adopting a more cautious approach toward cryptocurrency investments.

The deterioration in market sentiment is also reflected in the Crypto Fear and Greed Index.

The widely followed sentiment indicator has declined to 27, placing the cryptocurrency market firmly in Fear territory.

This represents a substantial shift from approximately 45 days earlier, when the index reached 80, indicating Extreme Greed.

The sharp reversal suggests that investors have moved from aggressive risk-taking toward a more defensive approach.

The Fear and Greed Index considers several market indicators, including volatility, momentum, trading activity, and broader investor sentiment.

Bitcoin technical outlook: BTC risks falling toward $67,000

Bitcoin’s technical outlook has weakened considerably following its recent decline toward $75,000.

The cryptocurrency briefly rebounded from the psychological support level during the latest trading session, but its broader structure remains bearish after falling below the 200-day Exponential Moving Average (EMA).

Trading below this moving average suggests that Bitcoin’s previous bullish momentum has weakened, potentially encouraging additional selling.

Momentum indicators reinforce the negative outlook. The daily Relative Strength Index (RSI) has fallen below 40, indicating deteriorating buying momentum and suggesting that sellers remain in control.

If Bitcoin fails to reclaim the $75,000 resistance level, the next important downside target lies around $71,500

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Crypto Currency

Bitcoin Slips Under $75K as Peter Schiff Says Sell Before a Short Window Closes

Economist and gold advocate Peter Schiff is urging bitcoin holders to sell now, warning that BTC’s slide below $75,000 leaves only “a short window before the crash.” “Make Sure to Sell” Schiff spelled out his case on X on Monday as markets diverged, stating: “In case Bitcoiners haven’t noticed…

Published 30 minutes ago in
Bitcoin Slips Under $75K as Peter Schiff Says Sell Before a Short Window Closes

Economist and gold advocate Peter Schiff is urging bitcoin holders to sell now, warning that BTC’s slide below $75,000 leaves only “a short window before the crash.” “Make Sure to Sell” Schiff spelled out his case on X on Monday as markets diverged, stating: “In case Bitcoiners haven’t noticed…
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Crypto Currency

MARA Stock Rises 5% as Miner Sells 40% of Its Bitcoin Stash

TLDR MARA Holdings (MARA) closed at $6.64 and was flat after hours following a 4.5% gain in the regular session. The miner sold 13,597 BTC for about $1.1 billion after September ended. It used $750 million to repay every loan backed by its bitcoin. Q3 revenue fell 35% to $164 million…

Published 30 minutes ago in
MARA Stock Rises 5% as Miner Sells 40% of Its Bitcoin Stash

TLDR MARA Holdings (MARA) closed at $6.64 and was flat after hours following a 4.5% gain in the regular session. The miner sold 13,597 BTC for about $1.1 billion after September ended. It used $750 million to repay every loan backed by its bitcoin. Q3 revenue fell 35% to $164 million…
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