Anonymous Whale Acquires $792M in Bitcoin – Bull Run Still On?

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.