Glassnode says 6.26 million BTC, or 31.2% of supply, now sits in addresses whose public keys are already visible onchain. The count is rising just as an AI-driven cryptography scare hits the market.
A man from Virginia, who facilitated millions of drug transactions worth roughly $430 million, agreed to give up $100 million worth of BTC. His partner forfeited nearly 1,600 BTC.
Bitcoin and Ethereum ETFs extended their October losses as institutional selling intensified and the crypto market faced fresh pressure.
Meanwhile has signed 15 brokers serving high-net worth clients across markets iSwitzerland, Singapore, Hong Kong and the UAE.
Bitcoin faced renewed pressure over the last few days as higher oil prices and rising US Treasury yields encouraged investors to reduce risk exposure. The continued disruptions to Middle East energy supply chains linked to the US-Iran conflict pushed Brent crude above $100 a barrel and the US 10-year Treasury yield beyond 5.3%. Those moves heightened concerns about inflation and financial conditions, weighing on Bitcoin's ability to sustain a recovery. Higher oil prices and yields dampen risk appetite Rising energy costs can complicate the inflation outlook, while higher Treasury yields increase the appeal of interest-bearing investments. Together, those pressures contributed to a more cautious trading environment for Bitcoin and other assets sensitive to changes in risk appetite.
Bitcoin has fallen about 7% from its recent high as short-term-holder flows and government-linked wallet movements add pressure to the market structure.
Bitcoin faces renewed selling pressure as government transfers and short-term holder losses put $74,600 support in focus.
Giving an artificial intelligence (AI) agent access to your bitcoin, stablecoin or other crypto asset wallet might cost you in an unexpected way. If the agent thinks you're wealthy, it might upsell you. Similarly, access to your other financial information could work against you.
Bitcoin steadies near $82,555 while Ethereum drops 8.2% over seven days.
Bitcoin products lost $407.4 million and Ether products lost $578.9 million through Oct. 9, while Ether ETFs recorded an eight-session outflow streak.
Thailand's securities regulator has finalized the rules for bitcoin and ether exchange-traded funds (ETFs), and the first products can list from Oct. 16. The catch, however, is that the local market they are built for has lost more than half its active traders since 2024.
The transaction adds a major corporate Bitcoin sale to market monitoring as traders assess activity among mining companies.