Bitcoin News Update: Top Executives Accumulate ETH and BTC During $1.1B Sell-Off, Highlight 100x Growth Opportunity
- Bitcoin fell below $90,000 amid $1.1B liquidations, with BitMine/Bitwise executives predicting long-term "supercycles" for BTC/ETH despite short-term volatility. - BitMine added 54,156 ETH ($170M) to holdings, while Hyperscale Data bought 59.76 BTC via dollar-cost-averaging, signaling institutional confidence in crypto's value. - ETF outflows ($870M in one day) and LTH selling (815,000 BTC in 30 days) highlight bearish fundamentals, with $102,000 as critical support for Bitcoin. - Fed officials' cautious
On Friday, Bitcoin slipped under $90,000, continuing its downward trend in a turbulent market as speculation grows that a bottom could be reached in the coming weeks. Leaders from BitMine and Bitwise, two prominent names in the cryptocurrency industry, expressed measured optimism. Tom Lee of BitMine forecasted a prolonged "supercycle" for
BitMine Immersion Technologies, a publicly listed Ethereum treasury company, acquired an additional 54,156 ETH (valued at $170 million) last week, raising its total holdings to 3.559 million ETH—almost 3% of all ETH in circulation.
At the same time, companies focused on Bitcoin are increasing their investments. Hyperscale Data, an AI-driven data center firm,
Market indicators continue to show a bearish trend.
Statements from Federal Reserve officials have also influenced investor sentiment.
Despite short-term volatility, underlying growth drivers remain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sei (SEI) To Dip Further? This Key Fractal Setup Suggest So!

Crypto Marketing Faces a Turning Point: AI Automation Steers Through Complex Regulations
- Crypto marketing faces regulatory fragmentation, inefficient ad spend, and competition from tech giants, prompting demand for scalable solutions like Viant’s AI-driven white-label DSPs. - Viant’s AI tools automate 85% of ad spend and introduce "AI decisioning," targeting SMBs, while partnerships like Molson Coors boost CTV ad dominance. - Advocacy groups push for clearer crypto policies, and political shifts—like Trump’s "crypto-first" rhetoric—highlight tensions between innovation and regulatory safegua

Vitalik Unveils ‘Kohaku,’ Ethereum’s Most Significant Privacy Upgrade Yet

Aave Integrates With 12,000 Banks in New App Offering 5% Base Savings Rate
