Bitcoin News Update: Investor Secures $17 Million Gains While Crypto ETFs Suffer $120 Million in Withdrawals
- Bitcoin and Ethereum ETFs faced $120M outflows in October as investor caution grew amid market weakness and Trump's tariff policies. - Trader "0xc2a" defied market trends, securing $17M profits from long positions after Bitcoin and Ethereum rebounded 4% and 2% respectively. - Ethereum near $4,000 drew $650M short leverage ahead of Trump-China talks, while institutional ETH holdings surpassed Bitcoin's for the first time. - Technical analysis suggests Bitcoin could test $117,000 if it holds above $108,000
Bitcoin and
Despite the turbulence, a crypto trader known as "0xc2a" bucked the trend, earning $17 million in profits from long positions in Bitcoin and Ethereum, according to
Ethereum’s price movement has attracted significant attention as it nears the $4,000 mark, a psychological barrier that could trigger further gains. Short sellers have leveraged $650 million around the $4,100 level ahead of Trump’s trade negotiations with China, based on a
Trump’s actions continue to influence market sentiment. His recent Asia trip, which included witnessing a peace agreement between Cambodia and Thailand, helped ease geopolitical concerns ahead of crucial trade talks with China, Yahoo Finance reported. Additionally, his nomination of SEC attorney Mike Selig to head the CFTC and his pardon of Binance founder Changpeng Zhao signal regulatory changes that could affect crypto markets, according to a
Corporate involvement remains subdued, with Tesla maintaining its 11,500 BTC holdings even as its Q3 2025 earnings exceeded forecasts, according to a
Technical analysis suggests Bitcoin could challenge $117,000 if it remains above $108,000, with a Wyckoff reaccumulation pattern indicating possible bullish momentum, according to a
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Ethereum Update: BitMine Acquires Ethereum During Market Dip, Approaching 5% Ownership of Total Supply
- BitMine Immersion Technologies increased Ethereum holdings by 77,055 ETH last week, now controlling 2.8% of total supply. - The $13B purchase amid market volatility highlights institutional confidence in Ethereum's long-term potential despite ETH trading below $4,000. - CEO Tom Lee predicts $10,000 ETH by 2025, aligning with analysts' bullish forecasts and positioning BitMine as the largest institutional ETH treasury. - With $14.2B in crypto/cash assets and strategic partnerships, BitMine's aggressive ac
