An address tied to F2Pool co-founder Wang Chun sold 235.5 WBTC worth $19.31 million for 7,848.5 ETH right after bitcoin's overnight drop to $80.5K. It is the latest move in a months-long bet that sees ETH outrunning BTC from here on out. The Swap Explained Onchain analyst EmberCN flagged the trade early on Oct.
Bitcoin rose about 6% to 7% in September and stayed near $84,000 in early October, while Strategy, Coinbase, Marathon Digital, Riot Platforms and CleanSpark weakened.
The divergence between Bitcoin and its proxy stocks highlights the risks of leveraged exposure amid rising yields and shifting liquidity dynamics. Bitcoin holds near September highs as crypto stock proxies slide.
The Bitcoin regime score needs to push above zero, and the price needs to recover back above $83.2k and $84k resistance to signal a recovery.
Bitcoin recovered to around $82,500 after Trump ruled out an Iran strike, but remains about 4% lower on the week, while ether has lost 9%.
Arkham data shows 12,267 BTC left a wallet holding coins stolen in the 2016 Bitfinex hack on Thursday, with no exchange deposit recorded.
CoinShares sees rising Treasury yields and U.S. fiscal concerns reshaping Bitcoin's investment case.
Thailand's new crypto rules taking effect Oct. 16. They allow Thai asset managers to launch crypto ETFs on the local stock exchange, with bitcoin and ether initially eligible.
CoinShares says U.S. debt concerns and soaring bond yields could shape Bitcoin's next move as crypto fund inflows slow after $11.1 billion.
Bitcoin falls toward $81K as QCP identifies $80K–$82K as a buying zone, while ETF outflows and high yields keep pressure on BTC.
Sam Altman-backed Bitcoin insurer Meanwhile raises $37.5 million from Bain Capital Crypto and others to expand life insurance across global markets.
Bitcoin brushed 80,900 dollars before bouncing back towards 82,000 dollars. At the same time, the AI sector takes another bad surprise: OpenAI communicated to its investors an annualized revenue close to 50 billion dollars for September, about 20 billion less than the previously mentioned 70 billion.