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$200M Bitcoin hits exchanges in 24 hours – But a $903M whale buy absorbs the pressure

By Ritika Gupta

Bitcoin faces rising whale short pressure as ETF and exchange outflows hint at tightening supply and a potential market reversal.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

More about Exchange-traded fund

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