An $11 billion Bitcoin whale returned to crypto markets this week, likely seeking trading opportunities tied to October’s historic crypto rallies and uncertainty in the US.
An $11 billion Bitcoin whale returned to crypto markets this week, likely seeking trading opportunities tied to October’s historic crypto rallies and uncertainty in the US.
Bitcoin has fallen below $116,000, but select analysts remain unfazed as they anticipate solid buying to emerge at lower levels.
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The move marks the debut of Nasdaq’s first Tether Gold-backed corporate treasury, which will be established via a $150 million financing round.
An $11 billion Bitcoin whale returned to crypto markets this week, likely seeking trading opportunities tied to October’s historic crypto rallies and uncertainty in the US.
The cryptocurrency with the second-largest market cap was on its way to meeting requirements under Texas’ crypto reserve law until a price drop on Friday.
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Bitcoin’s drop to $118,000 is a possibility, but traders might see futures’ open interest drop by $4.1 billion as a potential dip-buying opportunity.