The post Cumberland, Galaxy Digital, Coinbase Are Buying Bitcoin: $405 Million in 9 Hours appeared on BitcoinEthereumNews.com. Residual market flows Bitcoin’s market performance Institutional players seem to be buying the dip aggressively, which is the exact opposite of retail sentiment, even though Bitcoin broke below the $100,000 mark and caused a wave of market panic. Some of the biggest trading companies and liquidity providers in the industry — including Coinbase, Cumberland, DRW, Galaxy Digital and Wintermute — have sent 4,094 BTC, or about $405 million, to Anchorage Digital, a significant institutional custodian over the last nine hours.  Residual market flows There are no tiny residual flows in the transfers. These are concentrated transactions worth hundreds of Bitcoins that are carried out frequently over a brief period of time. A total of 81.9 BTC was sent by Cumberland. Batches in the 500 BTC range were frequently transferred by Coinbase. Galaxy Digital moved a total of almost 1,500 BTC. Wintermute made additional allocations of its own. Everything ended up in Anchorage, which is a pure custodial endpoint usually utilized for long-term holding collateralization or structured institutional strategies rather than an exchange or trading venue. BTC/USDT Chart by TradingView Bitcoin’s market performance In the meantime, the price chart for Bitcoin demonstrates the market’s typical reaction to an overheated leverage situation: a sharp decline. BTC entered a technical free-fall after breaking below $100,000, slicing through its short-term recovery wedge and landing close to the mid-$96,000 area. Liquidations have already decreased, and the RSI is now pushing into oversold territory.  This would typically signal the start of a destabilizing downtrend. However, that narrative is entirely at odds with the institutional flow. This is precisely the type of structural divergence that frequently occurs before powerful bounces. Leverage flushed and retail panicked, but real-money bids emerged at the bottom of the move.  During a market correction, Anchorage receives billions in custody inflows; this is… The post Cumberland, Galaxy Digital, Coinbase Are Buying Bitcoin: $405 Million in 9 Hours appeared on BitcoinEthereumNews.com. Residual market flows Bitcoin’s market performance Institutional players seem to be buying the dip aggressively, which is the exact opposite of retail sentiment, even though Bitcoin broke below the $100,000 mark and caused a wave of market panic. Some of the biggest trading companies and liquidity providers in the industry — including Coinbase, Cumberland, DRW, Galaxy Digital and Wintermute — have sent 4,094 BTC, or about $405 million, to Anchorage Digital, a significant institutional custodian over the last nine hours.  Residual market flows There are no tiny residual flows in the transfers. These are concentrated transactions worth hundreds of Bitcoins that are carried out frequently over a brief period of time. A total of 81.9 BTC was sent by Cumberland. Batches in the 500 BTC range were frequently transferred by Coinbase. Galaxy Digital moved a total of almost 1,500 BTC. Wintermute made additional allocations of its own. Everything ended up in Anchorage, which is a pure custodial endpoint usually utilized for long-term holding collateralization or structured institutional strategies rather than an exchange or trading venue. BTC/USDT Chart by TradingView Bitcoin’s market performance In the meantime, the price chart for Bitcoin demonstrates the market’s typical reaction to an overheated leverage situation: a sharp decline. BTC entered a technical free-fall after breaking below $100,000, slicing through its short-term recovery wedge and landing close to the mid-$96,000 area. Liquidations have already decreased, and the RSI is now pushing into oversold territory.  This would typically signal the start of a destabilizing downtrend. However, that narrative is entirely at odds with the institutional flow. This is precisely the type of structural divergence that frequently occurs before powerful bounces. Leverage flushed and retail panicked, but real-money bids emerged at the bottom of the move.  During a market correction, Anchorage receives billions in custody inflows; this is…

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more