Bitcoin reached $82,734 as oil prices rose, U.S. stocks reversed from records and Treasury yields climbed to 24-year highs.
The coins were valued at about $2.43 million when the post was published, with an estimated gain of $2.44 million based on a $15 average cost.
The transfer was valued at about $134 million and formed part of $165 million in assets moved over 24 hours.
Another survey of investors with deep pockets signals strong interest in digital assets, especially bitcoin, as these assets were the most common pick for the best long-term performer among wealthy respondents in the U.S., U.K., France and Germany—ahead of equities and real estate. However, bitcoin still needs to compete for space in digital asset portfolios.
U.S. trading activity accounted for most of Bitcoin's advance from July until the September breakout. The broader analysis includes exchange-traded fund flows and liquidation data.
Bitcoin traded around $83,800 on Oct. 7 as subdued volume signaled caution amid mixed market conditions.
Bitcoin traded at $82,970 on Binance spot at 10:56 a.m. ET Wednesday, down 0.52% from an hour earlier.
Bitcoin drops 2.7% below $84,000, while $547M of leveraged positions are liquidated in 24 hours. Oil and US rates increase pressure ahead of the Fed minutes.
Bitcoin (BTC) fell around 2% to $84,035, slipping below the key $85K level as the momentum weakened. The bull market support band is climbing with price, but a retest could be a crucial test for the broader uptrend.
Robinhood is adding $25 million of Bitcoin to its balance sheet after executives previously debated whether corporate crypto holdings would benefit shareholders. Johann Kerbrat, Robinhood's senior vice president and general manager of crypto and international, announced the allocation Wednesday, saying the brokerage views Bitcoin as a strategic addition to diversify its assets.
The trader's earlier 10x leveraged position was stopped out at breakeven after Bitcoin failed to break $87,000.
Nearly 24,073 BTC left exchanges in a single day, the largest net daily withdrawal in seven months, according to Santiment. Bitcoin reserves on exchanges fell to 6.50% of total supply, reducing the amount available for sale on the market. Spot Bitcoin ETFs in the U.S.