Crypto ETFs update as of Jun 25
BTC: -$696.29M
ETH: -$81.87M. 👀 https://t.co/MZxHMy3TxT
Crypto ETFs update as of Jun 25
BTC: -$696.29M
ETH: -$81.87M. 👀 https://t.co/MZxHMy3TxT
This person Just Placed a " $29M Leveraged Bet on $BTC ".
Three wallets believed to belong to the same whale or entity opened a combined 500 BTC long using 20x leverage last night. The position, worth roughly $29.39M, was entered at an average price of around $59,253. So far, the trade is underwater, with an unrealized loss of about $258K.
All three wallets display very similar trading behavior, and their gas fees are funded through Bridgers cross-chain transfers, suggesting they're likely controlled by the same entity. For now, it's a high-conviction bet on a #BTC rebound, one that's already being put to the test.
Addresses:
0x237152b038d88f4156a0cd71090462de7e3f0883
0xbd1c84113c6deb5044be0c2221f9e9403811ff0e
0xec7f9f5b31b8f5da6ac6c0973bbd496e16f9df39
🚨 Bitcoin is bouncing while Asian stock markets are bleeding.
The crowd called Bitcoin “too risky.”
Yet here it is recovering while traditional markets panic.
Every cycle reminds people of the same lesson:
Weak hands sell fear.
Strong hands buy opportunity.
Zoom out.
Volatility creates headlines.
Conviction creates wealth. 🟧
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.