Market Update

Solana Season Continues As Bitcoin's Record Run Ends

3 minutes 5 months ago

Bitcoin
BTC
PRICE (14D)
$85,245.00
(-7.9%)
Ethereum
ETH
PRICE (14D)
$4,583.00
(-10.2%)
Solana
SOL
PRICE (14D)
$209.30
(2.2%)

Bitcoin’s Record Streak Ends

BTC posted a 25% pullback for the first time in 427 days, ending a record streak.

These events have historically been standard for BTC, regardless of whether it’s a bull or bear market.

Germany Selling Bitcoin

Authorities seized nearly 50,000 BTC in January. More than half of this has been sold in recent weeks.

The remaining balance of 15,552 BTC, worth just over $1.3 billion, will likely be sold over the coming weeks.

ETF Demand Returns

Demand for spot Bitcoin ETFs in the U.S. is the strongest it’s been in over a month, with this week’s net inflows totalling $758M (≈$510M USD).

Interestingly, this resurgent demand has come during a period of market weakness.

Disclaimer -
This content is for informational purposes and not financial advice. We recommend doing your own research.

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