Bitcoin

The recent unimpressive price action of Bitcoin is playing out in the minds of institutional investors, with recent data highlighting their bearish sentiment. This has led to a wave of massive outflows from  Bitcoin investment products, which could negatively impact the flagship crypto.  Bitcoin Investment Products Record $284 Million Of Outflows CoinShares revealed in a blog post that Bitcoin investment funds recorded an outflow of $284 million last week. Most of these outflows are said to have come from the…

Quantitative trading firm Susquehanna International Group made a significant move in the cryptocurrency market by allocating over $1 billion to Bitcoin exchange-traded funds (ETFs) during the first quarter of 2024.  Breakdown of Susquehanna’s Bitcoin ETF Portfolio Susquehanna revealed its Bitcoin ETF holdings in a 13F SEC filing, distributing its investments across various ETFs. The majority of its investments are in the three leading Bitcoin ETFs: Grayscale BTC, Fidelity Bitcoin, and BlackRock Bitcoin. Specifically, Susquehanna holds 17,271,326 shares of Grayscale BTC,…

In April, Hut 8, a major player in North America’s Bitcoin mining scene, reported a significant 36% reduction in its Bitcoin production. This drop has come in the wake of the latest Bitcoin halving event and the relocation of the company’s mining operations.  Unlike the broader decline across the industry, which saw a decrease in production by 6-12%, Hut 8 experienced a steeper reduction, with its April output totaling only 148 Bitcoin, as compared to March. Hut 8 and the…

During the ongoing cycle, BTC and ETH have witnessed a growing divergence in their respective performances. According to Glassnode’s findings, this can be attributed to a general trend of weaker capital rotation, particularly in comparison to previous cycles and all-time high breakthroughs. Ethereum Receives Weak Capital Flows Leading up to bitcoin’s peak established on March 14, Glassnode observed a surge in speculative activity. As per its latest on-chain weekly report, capital accumulation was seen among the short-term holders of BTC,…

As investors buzz about the emerging BRC-20 token standard on Bitcoin, one project in particular is standing out from the crowd. 99Bitcoins Token (99BTC), a new Learn-to-Earn platform, is being tipped for explosive growth – with an influential trader predicting it could be this year’s must-watch altcoin. Influential Crypto Traders Bet Big on 99BTC In a recent YouTube video, well-known trader Crypto Gains dropped a bombshell, claiming that 99BTC could be set to surge and ride the coattails of Bitcoin’s…

Susquehanna International Group, a behemoth in asset management with a trading volume handling numerous financial products globally, has made a substantial investment in Bitcoin through various exchange-traded funds (ETFs). A disclosure to the Securities and Exchange Commission (SEC) on May 7 revealed that Susquehanna held approximately $1.2 billion in spot ETFs during the first quarter of 2024. The Bitcoin ‘Monster Whales’ Are Here The details of the investment are particularly notable for their scale and diversity. Susquehanna now holds 17,271,326…

Bitcoin’s consolidation period is still ongoing, but it is coming to an end. The $BTC price has been sold heavily since attaining the all-time high, but has been just as heavily bought back up again. The start of the next ascent, possibly to $100,000 is not far off. Tenth week of sideways action for $BTC Bitcoin is now in its tenth week of sideways price action. This is one more week than the last period of accumulation that began in…

Susquehanna International Group, a quantitative trading firm, revealed its investments in Bitcoin exchange-traded funds (ETFs) during the first quarter of 2024. According to a 13F-HR filing submitted on May 7, the firm disclosed its ownership of more than $1 billion in exchange-traded funds (ETFs). Susquehanna’s Crypto Portfolio The filing, submitted to the Securities and Exchange Commission, disclosed Susquehanna’s ownership of 17,271,326 shares in the Grayscale Bitcoin Trust (GBTC), with a market value of approximately $1.09 billion as of March 31,…

Bitcoin prices have remained tightly rangebound since their return above the psychological $60,000 level on May 3. However, one prominent analyst sees the asset potentially recovering the $70,000 level this month, a price it has not seen since April 12. BTC to Climb Higher? On May 8, Adrian Zduńczyk, aka “crypto_birb,” told his 652,000 X followers that the potential target for Bitcoin prices in May is around $70,000. The analyst said that we were in a bull market because the…