What did that whale see to make him a non-holdler?
U.S.-listed spot bitcoin ETFs saw net outflows of around $870 million on Thursday, marking the second-largest single-day withdrawal since their launch, CoinDesk reported, citing data from SoSoValue.
Ether ETFs also saw $259.7 million in outflows, their largest withdrawal since Oct. 13.
The outflows coincided with Bitcoin (BTC-USD) slipping below $100,000 on Thursday, as a wave of risk aversion swept through global markets. As of writing, the world’s largest cryptocurrency traded at $96,847.63, down 2.8% on the day. Ether (ETH-USD) fell 2.3% to $3,157.87.
Other notable crypto decliners included XRP (XRP-USD) -2.3%, Binance Coin (BNB-USD) -1.7%, Stellar (XLM-USD) -1.4%, Celestia (TIA-USD) -1.3%, Uniswap (UNI-USD) -7.6%, Avalanche (AVAX-USD) -3.5%, Dogecoin (DOGE-USD) -0.8%, and Solana (SOL-USD) -2.4%.
The crypto market is still reeling after $19 billion in liquidations on Oct. 10, a wave that wiped more than $1 trillion off the total market value of all digital assets, according to CoinGecko. The pressure hasn’t eased—over the past 24 hours, more than $1 billion in leveraged positions have been liquidated, CoinGlass data shows.
Analysts at 10X Research say the crypto market has now entered a bear phase, citing weakening ETF inflows, continued selling by long-term holders, and subdued retail participation.
Notable bitcoin-linked ETFs include the iShares Bitcoin Trust (IBIT), ARK 21Shares Bitcoin ETF (ARKB), Grayscale Bitcoin Trust (GBTC), Valkyrie Bitcoin Fund (BRRR), Invesco Galaxy Bitcoin ETF (BTCO), VanEck Bitcoin Trust (HODL), WisdomTree Bitcoin Fund (BTCW), Fidelity Wise Origin Bitcoin ETF (FBTC), Bitwise Bitcoin ETF (BITB), and Franklin Bitcoin ETF (EZBC).
U.S.-listed spot bitcoin ETFs saw net outflows of around $870 million on Thursday, marking the second-largest single-day withdrawal since their launch, CoinDesk reported, citing data from SoSoValue.
Ether ETFs also saw $259.7 million in outflows, their largest withdrawal since Oct. 13.
The outflows coincided with Bitcoin (BTC-USD) slipping below $100,000 on Thursday, as a wave of risk aversion swept through global markets. As of writing, the world’s largest cryptocurrency traded at $96,847.63, down 2.8% on the day. Ether (ETH-USD) fell 2.3% to $3,157.87.
Other notable crypto decliners included XRP (XRP-USD) -2.3%, Binance Coin (BNB-USD) -1.7%, Stellar (XLM-USD) -1.4%, Celestia (TIA-USD) -1.3%, Uniswap (UNI-USD) -7.6%, Avalanche (AVAX-USD) -3.5%, Dogecoin (DOGE-USD) -0.8%, and Solana (SOL-USD) -2.4%.
The crypto market is still reeling after $19 billion in liquidations on Oct. 10, a wave that wiped more than $1 trillion off the total market value of all digital assets, according to CoinGecko. The pressure hasn’t eased—over the past 24 hours, more than $1 billion in leveraged positions have been liquidated, CoinGlass data shows.
Analysts at 10X Research say the crypto market has now entered a bear phase, citing weakening ETF inflows, continued selling by long-term holders, and subdued retail participation.
Notable bitcoin-linked ETFs include the iShares Bitcoin Trust (IBIT), ARK 21Shares Bitcoin ETF (ARKB), Grayscale Bitcoin Trust (GBTC), Valkyrie Bitcoin Fund (BRRR), Invesco Galaxy Bitcoin ETF (BTCO), VanEck Bitcoin Trust (HODL), WisdomTree Bitcoin Fund (BTCW), Fidelity Wise Origin Bitcoin ETF (FBTC), Bitwise Bitcoin ETF (BITB), and Franklin Bitcoin ETF (EZBC).
