CoinsAQ summary · neutral
Bitcoin OGs dump over $100 million in BTC after hawkish Fed dents rate cut hopes
What happened
Bitcoin's BTC$84,459.46 biggest early holders, often called original gangsters, are hitting the sell button after the Federal Reserve rattled expectations for lower borrowing costs. Blockchain data tracked by Lookonchain shows at least two long-term holders together dumped over.
Related asset context
Not financial advice. News and sentiment can be incomplete, delayed, or change quickly.
Continue researching
Related stories
Binance taps half its SAFU Bitcoin holdings, releases reserve proof
Binance’s disclosed SAFU Bitcoin balance halved after a hack-related transfer, while the exchange released reserve verification for 10 cryptocurrencies.
Strategy Resumes Bitcoin Buys With $66M Purchase
The Bitcoin treasury firm also spent $208.2 million buying back its STRC preferred stock, cutting its USD Cash balance to $132.7 million.
Strive Continues Stacking BTC But There’s a Catch
The company's weekly accumulations have declined sharply in terms of USD value.