๐จ Major Crypto Sell-Off This Week: Who Dumped Their Holdings? ๐ฐ๐
ARK Invest Sells Bitcoin Holdings ๐
Cathie Woodโs ARK Invest offloaded $2.5 million worth of Grayscale Bitcoin Trust (GBTC) shares. This sale represented about 2% of ARKโs Next Generation ETF (ARKW) holdings. It happened as Bitcoin surged past $34,000! ๐๐ธ
Discus Fish Moves Millions in $ETH & $LINK ๐๐
Mao Shixing, founder of F2Pool and Cobo, transferred 12,347 ETH ($30.4M) and 155,720 LINK ($1.85M) to Binance. These moves suggest a possible sell-off amid market uncertainty. ๐๐ฑ
Arthur Hayes Dumps Meme Coins, Keeps One ๐ค๐ฅ
BitMEX co-founder Arthur Hayes sold most of his altcoin holdings, citing geopolitical risks. He held onto just oneโSmoking Chicken Fish (SCF). Whatโs his next move? ๐๐
Retail Investors Offload 75,000 $BTC ๐ฆ๐ฐ
Smaller investors sold about 75,000 BTC (~$7B) over the past month. This marks the largest retail sell-off since Bitcoinโs all-time high in March! ๐ฒ๐
Bitcoin Mining Firms Liquidate Holdings โ๏ธโก
Bitfarms sold 3,000 BTC ($62M), abandoning its previous HODLing strategy. The move comes amid increased volatility in the crypto market. ๐จ๐
๐ก These sales reflect a mix of profit-taking, strategic repositioning, and market reactions. Will the trend continue, or is a rebound coming? ๐๐
