The cryptocurrency market has experienced significant outflows for the third consecutive week, totaling $435 million, with Bitcoin and Ethereum seeing the largest withdrawals. Bitcoin faced outflows of $423 million, while Ethereum saw $38 million withdrawn. In contrast, altcoins such as Solana, Litecoin, and Chainlink recorded inflows of $4 million, $3 million, and $2.8 million, respectively. This period marks Bitcoin's worst month since 2022, exacerbated by the fading enthusiasm around ETFs. Notably, the Grayscale Bitcoin Trust accounted for $440 million of the outflows in the week ended April 26.
As #Bitcoin continues consolidating, we investigate which cohort of investors are contributing the most to sell-side activity. We also use our new Breakdown metric suite to build a set of rules for tracking local market lows during corrections. Discover more in the latest Week… https://t.co/1N5XHGlIoq
Bitcoin is registering its worst month since the collapse of Sam Bankman-Fried’s FTX empire as the euphoria around ETFs subsides https://t.co/u11tdkZJhD
$BTC Mostly seeing perp bid here, mostly longs continuing to open here shorts still holding Spot CVD declining vs price chopping here, need to see more conclusive evidence of absorption around the lows https://t.co/4enl5QKmvi
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🚨 BREAKING 🚨 GRAYSCALE HAS JUST TRANSFERRED 4011 BTC WORTH $245 MILLION TO COINBASE https://t.co/K2jeazRQjD
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NEW: NASDAQ-listed coal miner Alliance Resource Partners successfully ventures into #Bitcoin, mining 425 #BTC using excess energy 🙌 https://t.co/HSwHbXtM1Z
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Feeling Grateful #Bitcoin https://t.co/qbjlvaXXUH
Bitcoin still looks like this. That should give you comfort. Not for your alts… those dumping more but if you in BTC or eth then there is hope https://t.co/tnADhlWM01
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JUST IN: $140 Million in leveraged positions liquidated in 4 hours as #Bitcoin and crypto markets drop. https://t.co/FY2Amf2mjp
$btc chart request as the weekly gives a better picture. https://t.co/COmBlHNwe8
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Alliance Resource Partners (ARLP), the largest coal mining company in the eastern United States, said that it has been using excess electricity to mine Bitcoin since the second half of 2020. It currently holds 425 Bitcoins worth US$30 million, and also leases electricity to other…
❖ CRYPTO INVESTMENT PRODUCTS SAW OUTFLOWS FOR A THIRD CONSECUTIVE WEEK Investors pulled $435 million from digital products in the week ended April 26, according to a report Monday from CoinShares Ltd. The Grayscale Bitcoin Trust accounted for much of that with $440 million in…
Bitcoin Facing Worst Month Since 2022 https://t.co/kI949kM9Ab
🚨 Digital asset products faced a third week of outflows, totaling $435M — the highest since March. $BTC and $ETH recorded outflows of $423M and $38M, respectively. Meanwhile, altcoins like $SOL, $LTC, and $LINK saw inflows of $4M, $3M, and $2.8M. https://t.co/jdUpQDlNAY
Crypto investment products see third consecutive week of outflows totaling $435 million https://t.co/iA0slhd0kD
US$435 outflows continue as incumbent ETF issuers continue to see withdrawals. The outflows were focussed solely on Bitcoin and Ethereum which saw US$423m and US$38m respectively, while a broad range of altcoins saw inflows. Read the full report: https://t.co/mOrbDKQYwP https://t.co/knWTt6UkGB