BlackRock’s IBIT rockets to $70B in 341 days, 5x faster than previous record
IBIT currently holds nearly 20% of all Bitcoin holdings listed, but public companies prepare to acquire more BTC and shake the supply distribution.
Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.
CoinShares reported decreasing appeal of the basis trade as likely reason for profit-taking, resulting in declining ETF exposure.
Long term holders are securing gains, pressuring Bitcoin's price close to key support levels.
Broader market declines ripple through crypto markets as Federal Reserve actions weigh on investor sentiment.
Lubin sees Ethereum's utility as a game-changer amid talks with major banks and sovereign funds.
Standard Chartered warned that high entry prices for Bitcoin raise liquidation risks for corporate treasuries.
Despite the much needed cooling off, rampant profit-taking action can create high volatility in the following days.