The times they are a-changin'
Today is another special episode of the Rise'n'Crypto podcast because it marks both the end and the start.After 312 episodes, 1,586 stories, and 396,836…
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Massive $5B sell-off from a Bitcoin whale as BTC ETFs scoop up sats
S1E46 • Jan 19, 2024 • 11m
We have a fascinating episode to cap your week off. One Bitcoin whale, who bought $5 billion worth of BTC in the last bull cycle, dumped the lot when Bitcoin hit $49,000 after the U.S. SEC approved spot Bitcoin ETFs. Did this spark a nosedive in BTC’s price that many attributed to “selling the news?” Meanwhile, spot Bitcoin ETFs are stacking sats, with over 10,000 Bitcoin purchased on day five of trading. And one trader sniped and bribed their way to $7 million of profit in under 3 hours!
Further reading:
- Did a $5B Bitcoin whale sale spark the post-ETF BTC price crash? — William Suberg
- Former OpenSea manager appeals conviction, claiming NFT info isn’t ‘property’ — Turner Wright
- Trader bribes way to $7M profit on SatoshiVM token launch — Prashant Jha
- Spot Bitcoin ETFs scoop up another 10,600 BTC on day 5 — Jesse Coghlan
References:
Lookonchain SAVM trade
Eric Balchunas spot Bitcoin ETF volume
So, grab yourself a coffee, and let’s get into it!
Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.
Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com
The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.
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About the hosts
Robert Baggs
Robert Baggs is a podcast host and producer at Cointelegraph. He is a writer, speaker, and podcaster in the crypto space. He co-founded Token Gamer in 2018 and has worked with various titans of the games industry to further the application of blockchain technology.