Binance News
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Bitcoin whale sales spark market concerns, US government passes three crypto bills
According to Cointelegraph, despite the US Senate's passage of three key crypto bills, Bitcoin whales are selling billions of dollars in Bitcoin, sparking concerns about a market correction. A Satoshi-era whale moved $9.6 billion in Bitcoin after 14 years of inactivity. Whales may be selling due to concerns about the GENIUS Act, which would require audits of stablecoins. Financial analyst Jacob King claims this would burst the biggest bubble and fraud in financial history: Bitcoin. However, Nansen analysts believe that long-term Bitcoin whales may be unconcerned with regulations. Meanwhile, US Bitcoin ETFs saw net inflows for 11 consecutive days, attracting over $522 million on Thursday.
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