[Tenerife Government Plans to Sell 97 Bitcoins, Expected to Earn Over 1,000 Times Profit] The Tenerife government is planning to sell 97 Bitcoins purchased by its Institute of Technology and Renewable Energy (ITER) in 2012 for €10,000, which are now valued at approximately $10 million, representing a growth of over 1,000 times. According to council member Juan José Martínez, ITER is negotiating the transaction with a financial institution that holds dual certification from the Bank of Spain and the National Securities Market Commission. Previously, due to regulatory obstacles and concerns over the high volatility of crypto assets, the sale plan could not move forward. Additionally, ITER had been unable to access its Bitcoin wallet, leaving the assets dormant for eight years. Martínez stated that they hope to complete the transaction within the next few months, though potential buyers have not yet been officially disclosed.

The layer-1 token broke key support levels and saw 68% above-average volume as traders dumped risk.

The BlackRock Bitcoin ETF has a net outflow of 1748 BTC, valued at approximately $183 million, and currently holds 799701 BTC, with a total value of approximately $83.55 billion. The Ethereum ETF has a net outflow of 22681 ETH, valued at approximately $80.74 million, and currently holds 3.97 million ETH, with a total value of approximately $14.13 billion. （Lookonchain）

[Analyst Says Eugene Went Long at Low During ETH Pin Bar Movement] On-chain analyst Ai Yi (@ai_9684xtpa) monitoring shows that renowned trader Eugene chose to go long at a low point during the ETH pin bar movement, with a long position cost of approximately $3,474. The analyst noted that Eugene had previously advised investors to 'hold back,' but took the lead in acting during this market fluctuation.

Blockstream CEO Adam Back stated that he is willing to purchase all 21 million bitcoins at a price of $0.01 per coin, emphasizing that bitcoins will never go back to zero. （Bitcoin Archive）