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Bitcoin sees movement as 700 dormant coins reactivate after nearly a decade

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Key Takeaways

  • 700 dormant Bitcoin (BTC) coins, valued at about $60 million, became active after years of inactivity.
  • Movement of long-held BTC often signals changes in behavior from early adopters and long-term holders.

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700 dormant Bitcoin coins worth approximately $60 million have become active after extended periods of inactivity, according to CryptoQuant analyst JA Maartun, marking another instance of long-held digital assets entering circulation.

The movement of dormant Bitcoin often signals shifts in holder behavior, particularly among early adopters and long-term investors. Whale inflows to major exchanges have surged recently, indicating potential market volatility similar to previous high-activity periods.

Early Bitcoin holders have initiated sales of longstanding assets in recent months, contributing to market dynamics. The activation of dormant coins typically draws attention from analysts tracking supply movements and potential selling pressure.

Increasing global liquidity and stablecoin reserves have been building underlying support for crypto asset movements, including Bitcoin. The digital currency operates as a decentralized system facilitating peer-to-peer transactions on its blockchain network.


Crypto market sees $132M in liquidations as long positions dominate losses

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Key Takeaways

  • The crypto market experienced $132 million in liquidations, mostly affecting long positions.
  • Bitcoin and Ethereum were central to the liquidation events, accounting for significant trading volume.

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More than $132 million in liquidations were triggered in the past hour as the broader crypto market moved sharply lower, with Bitcoin falling to the $85,000 level on Monday midday and setting off a wider sell-off across major assets.

Bitcoin and Ethereum led the liquidation activity as the downturn forced traders to unwind leveraged positions at an accelerated pace. Most of the losses came from long positions, which accounted for $124 million of the total, while short liquidations totaled $8 million.

At press time, Bitcoin is trading near $84,500, and Ethereum is near $2,720, as selling pressure continues to weigh on the market.


US XRP ETFs reach 318 million XRP in holdings in over two weeks

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Key Takeaways

  • US spot XRP ETFs have held 318 million XRP worth about $648 million within two weeks of launch.
  • Canary’s XRPC ETF leads in assets under management, surpassing all other US spot XRP ETFs combined.

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Spot XRP ETFs from Canary Capital, Bitwise, Grayscale, and Franklin Templeton now hold approximately 318 million XRP since launch, worth about $648 million at current market prices.

Including the REX-Osprey XRP ETF, US-listed XRP funds manage a combined $775 million in assets, according to the latest disclosures from each fund.

Canary’s XRPC ETF currently leads the group with nearly $347 million in assets under management, followed by Bitwise, Franklin Templeton, and Grayscale. The fund manager says its XRPC fund has surpassed all other US spot XRP ETFs combined, setting the highest first-day volume of any ETF launched in 2025.

Although XRP ETFs have yet to match the scale of prior BTC and ETH products, their strong start signals rising demand for alternative crypto ETFs.

Managers are expanding their offerings with the Solana, Dogecoin, HBAR, and Litecoin funds, and Grayscale is expected to roll out the first spot LINK ETF as early as this week.


Bitcoin tumbles below $89,000, triggering over $200 million in long liquidations in past hour

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Key Takeaways

  • Bitcoin’s recent price plunge triggered about $200 million in liquidations of leveraged long positions within an hour.
  • Liquidations occur when exchanges automatically close positions to limit further losses for traders who borrowed to bet on higher Bitcoin prices.

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Bitcoin fell from above $91,000 to $88,900 in the past hour, wiping out more than $200 million in leveraged long positions across the crypto market, according to data from Coinglass and CoinGecko.

The sharp drop forced automatic closure of positions where traders had borrowed funds to bet on rising Bitcoin prices. When prices fall below certain thresholds, exchanges automatically sell these positions to prevent further losses.

Bitcoin has extended recent losses into bear market territory, with ongoing fluctuations influenced by macroeconomic factors.

The decline comes after Bitcoin suffered its worst November in seven years, closing the month with an 18% drop. The digital asset hit a low of $82,100 before resurging to above $92,00 earlier this week.


Canary Capital claims its XRP ETF surpasses all other XRP ETFs combined

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Key Takeaways

  • Canary Capital’s XRPC ETF has exceeded the size of all other spot XRP ETFs combined as per the company’s claim.
  • XRPC is listed on Nasdaq, offering regulated XRP exposure through a traditional ETF.

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Canary Capital claims its XRPC ETF has grown larger than all other spot XRP ETFs combined, according to a new statement from the investment firm specializing in crypto-focused exchange-traded funds.

XRPC launched as one of the first spot XRP ETFs in the US, trading on Nasdaq and providing regulated exposure to the XRP cryptocurrency through a traditional ETF structure. The fund enables simplified access to XRP’s blockchain features like rapid settlements and minimal fees.

Canary Capital has expanded its crypto ETF portfolio to include spot funds for assets like XRP, HBAR, and Litecoin to facilitate mainstream institutional adoption. The firm issued a press release highlighting XRPC’s first-mover advantage in capturing investor interest over competing products.

The company positioned XRPC as demonstrating strong investor demand compared to subsequent XRP ETF offerings in the current competitive landscape.


Arthur Hayes warns Tether’s Bitcoin and gold bet exposes it to major downside risk

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Key Takeaways

  • Arthur Hayes suggests Tether is in the early stages of a massive interest-rate trade, betting that Fed cuts will hurt Treasury income but send Bitcoin and gold higher.
  • He argues that a major drop in Bitcoin and gold positions could wipe out Tether’s equity.

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BitMEX co-founder Arthur Hayes argues that Tether is positioning itself for an upcoming Fed rate-cut cycle by shifting a greater share of its reserves into Bitcoin and gold.

Hayes wrote on X on Saturday that Tether’s most recent attestation suggests the firm is preparing for a rate-cut environment, which would reduce returns on Treasuries but could drive up the price of Bitcoin and gold.

However, the analyst cautioned that a sharp decline in those riskier assets could strain Tether’s equity cushion and reignite long-running questions about USDT’s solvency.

According to the latest reserve report, Tether holds around $181 billion in assets to back USDT. The bulk of this is in cash and liquid securities, including Treasury bills, repo, and money market instruments.

Other holdings include nearly $13 billion in precious metals, close to $10 billion in Bitcoin, and more than $14 billion in secured loans, along with several smaller investment categories.

Tether was recently assigned a “weak” stability rating by S&P Global Ratings after boosting its holdings of riskier assets, including Bitcoin, within its reserves. S&P noted that this approach increases the likelihood of undercollateralization in the event of heightened crypto market stress.

In response, Tether said the S&P’s rating framework is outdated and does not reflect the scale of its daily settlement flows.




Bitcoin approaches $93,000 as rally extends

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Key Takeaways

  • Bitcoin moved past $92,000 today, inching closer to another milestone as its rally continues.
  • Institutional inflows via ETFs are contributing to positive market sentiment.

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Bitcoin reached as high as $92,900 today, bringing it just shy of the $93,000 mark as its steady advance continues.

The digital asset has experienced high volatility throughout 2025, with market participants closely watching institutional developments and macroeconomic factors that could influence price movements.

Recent discussion has highlighted renewed institutional inflows through ETFs as a potential factor supporting Bitcoin’s momentum. The asset’s supply dynamics and economic conditions have generated bullish sentiment among some market observers in anticipation of continued gains.

Bitcoin operates as a decentralized cryptocurrency enabling peer-to-peer transactions on a blockchain network, with many investors viewing it as a store of value during periods of economic uncertainty.