Bitcoin News

The post Bitcoin price eyes rally as exchange supply hits 10-year low appeared on BitcoinEthereumNews.com. Despite Bitcoin price drop, BTC held on exchanges has dropped to its lowest level in over ten years, a signal that investors are still accumulating rather than selling Summary Bitcoin’s exchange balances have dropped to a 10-year low, showing strong accumulation. Liquidations cleared excess leverage, creating a healthier setup for recovery. Technicals remain mixed, but long-term support near $108K holds firm. Bitcoin fell below $113,000 as traders retreated after the weekend sell-off triggered by tariff news. In the last week, Bitcoin has dropped roughly 10%, trading between $109,883 and $125,023. The cryptocurrency is now 9% below its Oct. 6 record high of $126,080. Trading activity also slowed, with daily volume down 25% to about $69 billion, Data from CoinGlass shows derivatives volume rose slightly by 0.14% to $109.97 billion, while open interest fell 1.8% to $73.36 billion. This mix of rising volume and falling open interest often means traders are closing leveraged positions, a healthy reset after a volatile week. Bitcoin exchange reserves hit 10-year low According to an Oct. 14 analysis by CryptoQuant contributor Chairman Lee, the amount of Bitcoin (BTC) stored on centralized exchanges has dropped to around 2.4 million BTC, the lowest level since 2015. In 2020, that figure was more than 3.5 million BTC. The steady decline marks one of the most consistent withdrawal trends in Bitcoin’s history. Lee notes that when fewer coins are available for trading, selling pressure tends to ease. Historically, such periods of shrinking supply have often come before major rallies, as seen in 2020 and 2021. This pattern suggests that while prices may appear weak in the short term, the underlying structure remains strong. As long-term holders, institutional investors, and exchange-traded funds continue to transfer Bitcoin into regulated custody and cold wallets, Bitcoin’s supply will tighten even further. Post-liquidation reset could fuel…

The post A Surprise Ethereum (ETH) Move Comes from a Country That Surprised With Its Bitcoin Assets! Vitalik Buterin Joins! appeared on BitcoinEthereumNews.com. A new move came from Bhutan, the South Asian country that stands out with its support for Bitcoin (BTC) and cryptocurrencies. Bhutan, which has been quietly making moves into cryptocurrency, recently moved its national ID system to Ethereum. Accordingly, Bhutan is migrating its self-sovereign identity (SSI) system, covering approximately 800,000 people, from its previous base, Polygon (POL), to the Ethereum (ETH) blockchain. The technical integration with Ethereum has been completed, and the full migration of all credentials is scheduled to be completed in the first quarter of next year. While Bhutan is the third country to implement a blockchain-based national ID system, currently only a few countries, such as Brazil and Vietnam, have partially adopted similar systems. Ethereum co-founder Vitalik Buterin and ETH Foundation President Aya Miyaguchi attended the launch ceremony. Miyaguchi stated that this is the world’s first national-level Ethereum identity integration. “The country’s commitment to granting its citizens a self-governing identity is very impressive. This integration is a world-first initiative and a step toward an open and secure digital future. This move represents not only a national achievement but also a global step toward a more open and secure digital future in the long term,” said Aya Miyaguchi. Bhutan has been running its ID system on Polygon since August 2024, and on Hyperledger Indy before that. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/a-surprise-ethereum-eth-move-comes-from-a-country-that-surprised-with-its-bitcoin-assets-vitalik-buterin-joins/

PANews reported on October 14th that Garrett Jin, a whale who previously sold over $4.23 billion worth of BTC to switch to ETH, wrote: "Cryptocurrency investors should learn from traditional finance, rather than relying solely on narratives and personal emotions to make investment decisions. We must never forget the damage caused to the industry by the 1011 crash. If the industry does not improve, similar incidents will happen again. And if we as investors remain immature, we will continue to suffer asset losses."

Despite Bitcoin price drop, BTC held on exchanges has dropped to its lowest level in over ten years, a signal that investors are still accumulating rather than selling Bitcoin fell below $113,000 as traders retreated after the weekend sell-off triggered…

PANews reported on October 14 that Garrett Jin, a whale who previously sold over $4.23 billion worth of BTC to switch to ETH, wrote: "The biggest problem in the cryptocurrency field is that most projects lack cash flow. In contrast, TikTok was sold in the United States for $14 billion, while many crypto projects with negative cash flow are valued at tens of billions of dollars. This has led to capital outflows from Bitcoin and Ethereum. Exchanges and stablecoins siphon tens of billions of dollars from the industry each year, but there is no healthy return of capital to the market. As a result, the market lacks liquidity and upward momentum. If exchanges act responsibly, they should conduct rigorous investigations before listing tokens. They should not sacrifice the interests of investors or the long-term health of the industry for short-term profits. As long as the prices of high-FDV altcoins remain high, it will be difficult for Bitcoin and Ethereum to have a sustained bull market."

PANews reported on October 14 that according to on-chain analyst @ai_9684xtpa, as BTC fell below $112,000, the floating profit of the "ancient BTC whale who switched to ETH in a high-profile manner" has exceeded $16.9 million.

The post Bitcoin OG Whale Who Predicted Last Crash Opens $392M Short — Is Another Crash Coming? appeared first on Coinpedia Fintech News A legendary Bitcoin OG whale, known for perfectly shorting Bitcoin and Ethereum before the recent market crash, has once again entered the market and is again shortening Bitcoin with a massive 3,440 BTC ($392 million) short at a 10x leverage. Now, the re-entry of this whale has raised eyebrows. Many in the crypto space are …

The post Bitcoin ETF Outflows Surge $326 Million on BTC Price Recovery, Institutions Selling? appeared on BitcoinEthereumNews.com. Although the Bitcoin price surged to $115,000 levels following last Friday’s crypto market crash, outflows from the spot Bitcoin ETFs surged to $326 million. This seems that institutions have been selling on the BTC price rally. On the other hand, BlackRock CEO Larry Fink has urged caution over retail BTC investments, sparking a wave of skepticism in the market. Bitcoin ETF Outflows Shoot to $326 Million On Monday, October 13, the net outflows from the spot Bitcoin ETFs surged to a massive $326 million, marking the biggest outflows after the crypto market crash on October 10. Almost all of the spot ETFs in the US saw net outflows except for the BlackRock iShares Bitcoin Trust (IBIT). Source: Trader T BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), recorded net inflows of 522 BTC, worth $60.3 million, according to data from Farside Investors. The fund’s daily trading volume reached $4.7 billion, underscoring continued strong institutional activity around Bitcoin. So far, October has been a strong month for BTC ETFs, netting more than $5 billion in inflows during the first week itself. However, crypto market volatility has swept in once again with Trump announcing 100% tariffs on China just before last weekend. As a result, the inflows have slowed down, eventually ending up in the negative territory. BTC Price Rally Sees Profit-Booking Amid the current BTC price volatility, investors are opting for profit-booking as Bitcoin attempts a rally to $120,000. As of now, BTC is trading 1.6% down to $112,636 levels with daily trading volumes also dropping 23% to $71.47 billion. The Trump Insider whale has also increased its short position, leading to market skepticism. Popular crypto analyst Altcoin Sherpan noted that with consistent selling, BTC price can find support at $110,000, before deciding on the next course of trajectory. slow consistent…

Michael Saylor's Strategy purchases 220 Bitcoin, totaling 640,250 BTC holdings. Despite market downturns, Strategy's investments spotlight a long-term belief in Bitcoin. Continue Reading:Michael Saylor Adds to Bitcoin Holdings, Challenges Market Trends The post Michael Saylor Adds to Bitcoin Holdings, Challenges Market Trends appeared first on COINTURK NEWS.