A lack of conviction among «weak» hands will cause new Bitcoin holders to dump at the first sign of trouble, worsening market drawdowns.
The crypto exchange said the planned internal migration is a normal, «best practice» in the industry to maintain cybersecurity standards.
Bitcoin ETFs pull in $238 million as Ether funds end an eight-day outflow streak and Solana products extend a ten-day run of inflows.
A solo Bitcoin miner earned 3.146 BTC worth $266,000 with a computing power of only 1.2 TH/s, beating massive odds.
Bitcoin has yet to find a bottom, but the data suggests buyers were very interested in the abrupt dip to $80,000. Several altcoins are also approaching deep discount levels.
ARK Invest ramped up its crypto exposure on Friday, adding Bullish, BitMine, Circle, Robinhood and nearly $600K in Bitcoin ETFs as crypto equities attempted a rebound.
The catalyst could serve as a wake-up call and send Bitcoin to $150,000 overnight, though it “would have to be real,» according to Jeff Park.
Some Bitcoiners are speculating that the significant surge in the odds of a Fed rate cut in December may lead to Bitcoin finding a price “bottom here for now.”
Kiyosaki disclosed that he sold his Bitcoin at $90,000 after he forecast a $250,000 price target for BTC in 2026 earlier in November.
The outflows reflect short-term price movements, not lower institutional demand or structural issues in the Bitcoin market, analysts said.