BTC trader doubles 5x long, now $51M deep
12 days after opening the first leg, the same wallet came back for another 307 $BTC leveraged long, stacking the position to 629 $BTC against a still-cautious tape.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
12 days after opening the first leg, the same wallet came back for another 307 $BTC leveraged long, stacking the position to 629 $BTC against a still-cautious tape.
The 7D read tells the real story: $BTC is the only one of the three with consistent multi-day net inflows, while ETH is bleeding on the week despite today's green print.
HYPE is the only DAT-tracked asset trading at a positive mNAV, meaning treasury vehicles can raise capital and keep absorbing supply without the dilution drag plaguing peers.
1.5K $BTC (≈122.3M) moved from unknown wallet to Coinbase Institutional.
A transfer of 650 BTC, valued at approximately $53 million at the time of the transaction, has been flagged moving out…
1.3K $BTC (≈109.2M) moved from unknown wallet to Coinbase Institutional.
1.1K $BTC (≈85.7M) moved from #Kraken to unknown wallet.
BTC's first retest of the $81K level since January is colliding with a direct Iranian strike on U.S. naval forces near Jask — a geopolitical shock that could redraw the next 72 hours of price action.
The BitMEX co-founder's Consensus Miami thesis is that bitcoin's rise from zero to trillions tracks money printing across U.S. administrations — and that bills like the CLARITY Act miss the point.
The American Innovation Project is placing a bitcoin-mining and DeFi-policy veteran inside Ritchie Torres' office — part of a coordinated industry push to seed Hill staff with digital-asset expertise…
Arthur Hayes has restated one of crypto's foundational theses: the more fiat money created globally, the greater the…
2K $BTC (≈162.2M) moved from unknown wallet to unknown wallet.
2K $BTC (≈162.2M) moved from #Kraken to unknown wallet.
A rare clean sweep — all 20 assets green — with ICP leading at +5.2% and the worst performer still up 0.7%, the tightest cross-section gap the index has printed in weeks.
The split from equities is the real story: a safe-haven bid layered on a rate-cut path that's still open, even as Middle East tensions push oil and yields higher.
The pivot lands as a referendum on the treasury-trade thesis itself: bitcoin miners are bleeding BTC to fund AI pivots, and a Nasdaq-listed firm just pulled $485M out of the trade to chase the same…
Net realized profits hit a one-month high of $207.56M as BTC crossed $80K for the first time since January, yet price stayed above the breakout into Tuesday — the read is that the profit-taking is…
It's a marquee Tier-1 bank writing a nine-figure cheque into a crypto-native market maker — a louder endorsement of the institutional pipe-trade than any single launch, and a direct bid on the…
Barclays, JPMorgan and other major brokerages have walked back rate-cut calls as energy-driven inflation sticks — yet spot BTC ETFs keep drawing inflows and price keeps grinding higher.
BTC prints a fresh high near $80,690, but the tape is being driven by altcoins — ADA futures OI at a record, TON up 28%, and DeFi names outperforming — while derivatives signal hedged, not euphorid,…
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "BTC trader doubles 5x long, now $51M deep" — read at /en-US/a/same-whale-new-wallet-51m-btc-long-position-rebuilt-with-5x.