Anonymous whale dumps 250 wrapped Bitcoin

An anonymous address sold 250 wrapped Bitcoin worth $20.3 million on-chain, on-chain data showed on May 15. Summary An anonymous wallet offloaded 250 wrapped Bitcoin for approximately $20.3 million in a single on-chain transaction on May 15. The sale adds fresh sell-side pressure as BTC trades near $80,400 amid rising Treasury yields and inflation fears….

Read More

Options expiry of $2.6B hits crypto May 15

Options expiry contracts worth $2.6 billion across Bitcoin, Ethereum, XRP, and Solana settled on Deribit on May 15, triggering widespread market liquidations. Summary Around 25,000 Bitcoin options with a notional value of over $2 billion expired on Deribit on May 15, with a max pain price at $80,000. BTC’s put-call ratio of 0.57 signals bullish…

Read More