Whale Opens New $34.3M Bitcoin Short Position Despite $33.64M Overall Loss

Bitcoin Selling Pressure Nears Exhaustion, Analyst Says

Bitcoin has found itself at a crossroads after a sustained period of selling pressure, with observers noting that the selling might be losing steam. Over the past three weeks, the flagship cryptocurrency has traded in a relatively narrow band between $60,000 and $70,000, with a brief dip

Yesterday, the US Bitcoin spot ETF experienced a net outflow of $27.5 million.

BlockBeats News, February 28 — According to Farside monitoring, yesterday the US Bitcoin spot ETF experienced a net outflow of $27.5 million, ending a three-day streak of net inflows. Among them, the Belay IBIT saw a net outflow of $32.7 million, while BTCO had a net inflow of $3.3 million.

Bitcoin drops back to $65,000! PPI exceeds expectations and Nvidia's sharp decline drag down, Solana, XRP, and Dogecoin all pull back collectively

Bitcoin retreated due to the US PPI exceeding expectations and Nvidia's stock price declining, falling to $65,735, a weekly decrease of 2.8%. Altcoins such as Solana and Ethereum experienced even larger drops. Despite strong Bitcoin ETF fund inflows, the overall market remains under pressure, with attention on price range support and the potential for a future rebound.

Japanese established publicly listed company "Daito Co., Ltd." has decided to allocate up to 1 billion yen to purchase Bitcoin to hedge against inflation.

Dydo Limited has decided to purchase Bitcoin worth 1 billion yen to hedge against inflation and the depreciation of the yen, as well as to diversify its asset portfolio and improve capital efficiency.