VanEck: Bitcoin Sell-Off Led by Mid-Cycle Wallets While Long-Term Whales Hold Firm
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VanEck says bitcoin’s downturn is being driven by mid-cycle wallets while the oldest holders keep accumulating, with futures data showing washed-out market conditions.
Monitoring shows that a giant whale deposited $5 million in USDC into HyperLiquid and expanded its short positions in BTC and ETH with 20 times leverage. At present, the position is worth $35 million with a floating profit of $1 million, bringing the total profit to $3.5 million. （Onchain Lens）
Bitwise has withdrawn its bitcoin ETF proposalMatt Hougan, global head of research at Bitwise, confirmed the move to The Block, stating: “We intend to refile our application at an appropriate time”The SEC remains concerned about market manipulation
[Coinbase Launches Aster (ASTER) Trading Services]
Coinbase Markets announced that Aster (ASTER) is now available on (coinbase.com) and the Coinbase App. Users can buy, sell, convert, transfer, receive, or store this digital asset through their accounts.
Michael Saylor, co-founder of MicroStrategy, stated that he is "executing a mission" to purchase $30 trillion worth of Bitcoin and predicts that Bitcoin prices will reach $50 million. （The Bitcoin Historian）