Anonymous Whale Acquires $792M in Bitcoin – Bull Run Still On?
Main Idea
An anonymous whale acquired $792 million in Bitcoin following a $1.05 billion liquidation event, while BlackRock added $523 million in Bitcoin, amid market volatility and regulatory clarifications from the US Treasury Secretary.
Key Points
1. An anonymous whale purchased $792 million in Bitcoin after a $1.05 billion liquidation event triggered by unexpectedly high US inflation data.
2. BlackRock acquired $523 million in Bitcoin and $519 million in Ethereum during the market downturn, with US spot Bitcoin ETFs recording $230 million in net inflows.
3. US Treasury Secretary Scott Bessent clarified that the government would explore 'budget-neutral pathways' for Bitcoin holdings, reversing earlier statements about not buying Bitcoin for the Strategic Reserve.
4. The liquidation event saw Bybit suffer $447 million in losses, with Ethereum and altcoins like SOL, XRP, and DOGE experiencing significant declines.
5. KindlyMD merged with Nakamoto to form a publicly traded entity aiming to accumulate $1 million in Bitcoin, with plans to deploy $540 million into Bitcoin treasury holdings.
Description
An anonymous whale has acquired $792 million worth of Bitcoin following a brutal liquidation event that wiped out $1.05 billion in leveraged positions after unexpectedly high US inflation data triggered widespread market selloffs. The massive purchase occurred as Bitcoin retreated from its new all-time high of $124,457 to current levels around $119,000. The acquisition also coincided with BlackRock’s aggressive accumulation strategy, with the asset manager purchasing $523 million in Bitcoin and ...
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