Crypto market sees first weekly outflow in seven weeks: $942 million withdrawn, attributed to Grayscale Bitcoin Trust (GBTC) outflows. Despite new Bitcoin ETFs attracting $1.1 billion, Grayscale records $2 billion outflow. Ethereum also sees slight outflow. Market correction accompanies Bitcoin's price drop to $67,126.98.
EdmundIs the Bitcoin/Cryptocurrency market currently overheated? US ETF flows are no longer the main driver of Bitcoin.
JinseFinanceOutflows from the Grayscale Bitcoin Trust have put downward pressure on Bitcoin, but analysts say it “should be largely behind us.
JinseFinanceIn the most recent trading week, Switzerland and Germany experienced significant impact, while CoinShares' data reveals that Canada has witnessed the largest outflows over the course of the month.
ZoeyJPMorgan warns of potential bitcoin price pressure due to projected $3 billion outflow from Grayscale's fund. Analyst cites profit-taking dynamics and impact on BTC prices post-spot ETF launch.
EdmundHTX, the digital-asset trading platform associated with industry figure Justin Sun, witnessed a considerable $258 million net outflow following its reactivation after a significant security breach. Data from DefiLlama between November 25 and December 10 showcased the funds departing the exchange, signifying unease among some clients due to the prior security incident. HTX encountered a $30 million loss in crypto tokens during the breach, prompting temporary suspension of withdrawals and deposits as a precautionary measure.
JoyBetween a “reported” $12 billion asset loss in under 2 months (by Forbes) and a planned hiring (15%-30%) this year based on CZ, is it just FUD, or is there more to it than meets the eye?
CatherineIn the wake of the downfall of SBF’s FTX exchange, crypto traders are increasingly turning toward DeFi protocols – as ETH tokens flow off big CEXs like Binance and OKX.
CoindeskSomeone is buying the dip with conviction as the start of Wall Street trading drags the market lower.
CointelegraphThe shocking Bitcoin withdrawals appeared as BTC's extended its decline below $20,000 over the weekend.
Cointelegraph