Bitcoin's price has fallen below the $69K realized price for whales holding 100-1,000 BTC, signaling a potential market shift. This decline raises concerns about investor sentiment and risks of further downturns unless Bitcoin recovers above this threshold.
Binance converted $300 million in stablecoins into 4,225 BTC for its Secure Asset Fund, raising its Bitcoin holdings to 10,455 BTC. Interest also surrounds its relationship with Trump-linked USD1 stablecoin, which has a $5 billion supply, primarily held on Binance.
Bitcoin has gone through several boom-and-bust cycles since its creation, but long-term investors have often been rewarded for holding through periods of volatility. Even in more recent years, Bitcoin has continued to prove why it remains the dominant cryptocurrency in the market.
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Ethereum's price recently dropped to $1,994, down 1.28% in 24 hours. A new whale has invested $33.38 million in ETH with a long position, stirring speculation of bullish sentiment. Key price levels at $2,000 and $2,150 could determine future trends.