Bitcoin perps most negative since FTX collapse as BTC continues to be withdrawn from exchanges
Over 15k Bitcoin left exchanges yesterday, while perps are the most negative since FTX collapse
James Van Straten 1 min read ETFs Insights
Read CryptoSlate’s ETF insights with analysis, news, and updates on crypto exchange-traded funds, market trends, and institutional adoption of digital assets.
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James Van Straten 1 min read Latest insights
Bitcoin
Back to back withdrawals from Bitcoin whales, first Bithumb and now Binance
In the past two days, Bitcoin withdrawals have totalled up to $350 million, driven by whales
GBTC
GBTC discount narrows during SEC hearing, yield curve inversion deepens; 60% probability for 50bps hike
GBTC discount sees improvement, narrows to roughly -40%, up roughly 9% today
Bitcoin
Retail investors’ habits vary between exchanges when it comes to Bitcoin
Kraken and Gemini see Bitcoin withdrawals by retail users, while Coinbase attracts deposits
GBTC
GBTC bucks trend, surged 4.5% while BTC remains steady ahead of SEC hearing
Pre-positioning or slight bullish sentiment ahead of the opening argument against the SEC
Bitcoin
Purpose Bitcoin ETF sees over $6M in inflows in past week
Institutional or large players are starting to reenter the Bitcoin ecosystem, albeit tentatively.
