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Tag Archives: Bitcoin News

Bitcoin Wallet Last Active in the Satoshi Era Moved 50 BTC to Binance

A Satoshi-era Bitcoin wallet came out of its 14-year slumber to move 50 bitcoins to Binance. Moving funds to a centralized exchange often means the one controlling the wallet is cashing out on their holdings. Knowing that, it is safe to assume the holder liquidated their bitcoins for just over $3 million, marking gigantic profits as those 50 bitcoins entered their wallet when the asset was just $0.05 a pop. The $25 they held in 2010 has now turned into $3 million. And how did they come into...

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Bitcoin Longs Suffer $150 Million in Liquidations, Derivatives Turning Bearish

As bitcoin dropped below $60,000 on Tuesday, over $150 million of longs were liquidated due to the lack of sufficient margins. Longs, or futures, bet on the price increases any asset would witness, thus causing bitcoin’s long traders to register losses. Now, derivatives metrics show how a bullish sentiment has turned neutral among traders after five weeks. Traders have thus begun moving away from the risks of bitcoin, especially in a time like this. It has been the case since at least June...

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