sell-off
Bitcoin Sell-Off Incoming: Bitcoin Whales Return to Major Crypto Exchanges
CryptoQuant Alerts warns that Bitcoin whales are moving huge quantities of BTC onto major crypto exchanges indicating a huge sell-off could be imminent.
Circle Unable to Withdraw $3.3 Billion from SVB, Causing USDC Sell-Off
Circle, the issuer of USD Coin (USDC), was unable to withdraw $3.3 billion of its $40 billion reserves from Silicon Valley Bank (SVB), leading to a sell-off that caused the stablecoin's value to drop below its $1 peg. Circle initiated a wire transfer to remove the funds from SVB as the FDIC-insured bank was about to shut operations, but the transfer was not wholly processed, leaving $3.3 billion of USDC reserves with SVB. Dante Disparte, Circle's chief strategy officer, warned that SVB's failure could have broader implications for the US economy.
Circle's USDC Reserve Mishap Leads to Massive Sell-off
Circle's announcement that Silicon Valley Bank failed to transfer $3.3 billion of its USDC reserves led to a significant sell-off, causing the stablecoin to depeg from the U.S. dollar. Investors who tried to cut their losses by exchanging USDC for other stablecoins, such as USDT, faced exorbitant prices.
BlackRock, Vanguard, and Norway Now Indirectly Own $110 Million of Bitcoin, Ahead of Stock Sell-Off
This huge acquisition of Bitcoin enabled Norway, Vanguard Group, and BlackRock to indirectly own more than 10,000 Bitcoin (BTC) altogether.
Yearn.finance (YFI) Plunges Again Amid Sell-Off Pressure from Strong Drop in yVault Yields
Yearn.finance (YFI) has faced a steep correction lately and has been one of the worst performers in the top 100 cryptocurrencies.
Bitcoin’s Dominance Peaks as BTC Price Unmoved by XRP's Massive Sell-Off
Bitcoin’s dominance has reached a new high, and BTC’s dominance has not had much rejection so far.
Crypto Markets Waver with $30 Billion in a Bitcoin Sell-Off
This bearish triangle pattern exhibited by Bitcoin for the past months reached its lowest- $8000
Bitcoin’s Bullish Rally Comes to an End as Bond Yields Surge and Risk Assets Experience Global Sell-Off
After hitting a high of $58,300 over the weekend, things have turned for the worse as Bitcoin (BTC) has plunged by more than 20% this week.
Uniswap (UNI) Price Recovers From Recent Sell-Off While the Rest of the Crypto Market is Still in the Red
While the rest of the cryptocurrency market has been plunging, Uniswap’s UNI token has fallen in tandem with the rest of the market.
Crypto Analyst Suggests Bitcoin Price Has “Bottomed,” Bullish in the Next Few Weeks
Despite a massive technology stock sell-off recently, the US stock futures market was trading in positive territory on Sept 9, adding pressure to financial markets.
Uniswap’s UNI Token Sees Massive Price Plunge as Liquidations are About to Kick In
Uniswap's UNI token has experienced enormous sell-off pressure lately, as some UNI whales have been selling their tokens. What's next for UNI?
Tesla Shares Plummet as Bitcoin Sinks to $50,000
Tesla’s shares have plummeted by around 3.8%, following a massive sell-off wave that overtook tech stocks and the cryptocurrency market.
June 1: Sell in May Postponed to Sell in June?
For the past few weeks, there have been quite a bit of talk/shill/promoting of ETH and I think largely driven by a combination of factors that I've described earlier (i.e. growing daily active addresses, more than 60 bil gas being used, $7bn in stablecoins and Greyscale's ETH demand). Other protocol tokens such as Cardano, Zilliqa and NEO also followed the ETH move, albeit less exaggerated.
May 26: It's Always Been There
Strategy today? With SPX e-mini futures now just shy of 20 points from 3,000 level and the highest it's traded since the March 23 crash, I expect BTC to follow. Expectedly, this recent sell off has been mostly triggered by large players (i.e. whales) trimming their positions.