Bitcoin’s sharp price decline has pushed US spot Bitcoin exchange-traded fund (ETF) investors into loss territory, as sustained outflows signal weakening demand. Over the past two weeks alone, investors have pulled billions from Bitcoin ETFs while the asset slid to its lowest level in nine months, raising concerns about broader market direction. Bitcoin Price Drops Below ETF Average Entry Bitcoin recently fell to around $74,600, marking an approximate 11% drop from weekend levels near $84,000. This decline places the cryptocurrency well below the estimated average cost basis of US spot Bitcoin ETFs, calculated at roughly $87,800 per BTC based on…
Author: Blockto Team
Crypto related theft surged sharply in January, with losses reaching approximately $370 million. This marks the highest monthly total in nearly a year and represents a dramatic year-over-year increase, highlighting persistent vulnerabilities in user security and scam prevention across the digital asset ecosystem. Phishing Scams Dominate Crypto Losses A significant share of January’s losses can be traced to one large social engineering attack. In this incident alone, a single victim lost roughly $284 million, accounting for the majority of the month’s total stolen funds. Such cases underscore how targeted deception, rather than technical exploits, continues to be one of the…
The sharp crypto market sell-off that erased roughly $250 billion in total market capitalization over the weekend is likely being driven by a shortage of U.S. dollar liquidity rather than problems specific to digital assets, according to macro analyst Raoul Pal. He argues that Bitcoin’s recent decline closely mirrors losses in Software as a Service (SaaS) stocks, pointing to a shared macroeconomic cause. Bitcoin and SaaS equities have moved almost in lockstep in recent weeks, both suffering steep pullbacks. These assets are considered “long-duration,” meaning their valuations depend heavily on future growth expectations. As a result, they are particularly sensitive…
The recent Bitcoin sell-off has pushed aggregate investor returns in the largest spot Bitcoin exchange-traded fund into negative territory, highlighting the impact of the downturn on late-stage inflows. Based on dollar-weighted flow analysis, the average dollar invested in BlackRock’s iShares Bitcoin Trust (IBIT) is now underwater following Bitcoin’s drop into the mid-$70,000 range. Bitcoin’s decline accelerated over the weekend, erasing gains accumulated during the late-2024 rally. While early investors who entered the fund near launch may still be sitting on profits, heavier capital inflows at higher price levels have dragged overall dollar-weighted returns below zero. IBIT Performance Reflects Timing of…
Crypto protocol CrossCurve has confirmed that its cross-chain bridge was targeted in a smart contract attack, resulting in the reported loss of approximately $3 million across multiple blockchain networks. The incident prompted the protocol to urge users to immediately pause all interactions while an internal investigation is underway. According to the project’s statement, the breach involved the exploitation of a vulnerability within one of the smart contracts supporting the bridge’s cross-chain operations. The flaw reportedly allowed unauthorized actors to bypass validation mechanisms and unlock tokens without proper authorization. How the CrossCurve Exploit Occurred Blockchain security researchers indicated that a specific…
Bitcoin is trading below the $75,000 level after a sharp, liquidation-driven sell-off exposed a disconnect between fast-moving derivatives markets and slower prediction markets tied to month-end outcomes. While prediction contracts for January failed to fully price in the downside risk, derivatives traders moved quickly to hedge as selling pressure accelerated over the weekend. Options market data showed a sudden spike in demand for downside protection, particularly put options with a $75,000 strike price. This shift signaled growing concern among traders that Bitcoin’s decline could deepen amid thin liquidity conditions. Liquidations Highlight Leverage Risk in Crypto Markets The sell-off triggered more…
Strategy co-founder Michael Saylor has signaled a potential new Bitcoin purchase after the cryptocurrency dropped sharply over the weekend, briefly pushing the company’s massive holdings below their average cost basis. Bitcoin fell more than 13%, sliding from recent highs near $88,000 to a low of $75,892 late Sunday before staging a modest rebound. Saylor posted the phrase “More Orange” on X alongside a long-running chart tracking Strategy’s Bitcoin acquisitions since 2020. The post is widely interpreted as an indication that the firm either added to its position or is preparing to do so. If confirmed, it would represent Strategy’s fifth…
New production data highlights the extent to which January’s severe US winter storm disrupted Bitcoin mining operations, as extreme weather conditions forced operators to scale back activity. The episode underscored the growing link between Bitcoin mining, power grid stability, and regional energy markets. Mining Production Falls Amid Grid Stress In the weeks before the storm, publicly listed Bitcoin miners were collectively producing an average of roughly 70 to 90 BTC per day. As snow, ice, and extreme cold spread across large parts of the United States, daily production dropped sharply to around 30 to 40 BTC at the peak of…
Sam Bankman-Fried, the former chief executive of collapsed crypto exchange FTX, has intensified his public praise of US President Donald Trump, marking a sharp contrast with his earlier alignment with Democratic leadership. His recent comments came shortly after Caroline Ellison, former head of Alameda Research, was released from federal custody after serving a prison sentence related to the FTX collapse. Shift in Political Messaging In a series of posts on X, Bankman-Fried described Trump as “right on crypto,” while criticizing former President Joe Biden for what he called mismanagement of digital asset regulation. He argued that Biden’s decision to appoint…
Bitcoin’s recent price decline has triggered a notable shift in derivatives markets, where bets on further downside are now rivaling long-standing bullish wagers. As the cryptocurrency slid to multi-month lows, traders moved aggressively to hedge against additional losses, reshaping the options landscape. Put Options Rival Bullish $100,000 Bets Bitcoin has fallen nearly 10% over the past week, dipping below the $78,000 level and unsettling market sentiment. In response, demand for put options — contracts that gain value if prices fall — has surged. The $75,000 put has emerged as the most actively traded bearish position, with notional open interest climbing…