Bitcoin
Why Bitcoin is down 1.7% today
Analysis
Bitcoin fell 1.7% over the past 24 hours as ETF-related headlines leaned bearish, including reports of sizable outflows topping $240 million and on-chain tracking showing Bhutan moved 250 BTC, which can weigh on sentiment around near-term supply hitting the market. While one report noted exchange flows from “wholecoiners” have dropped to 2018 levels—suggesting tightening liquid supply—this supportive dynamic may have been overshadowed by the outflow/transfer narrative in the same window.
Contributing Factors (3)
Pakistan Ends Bitcoin and Crypto Banking Ban, Opens Financial System to Licensed Firms
Bitcoin Magazine Pakistan Ends Bitcoin and Crypto Banking Ban, Opens Financial System to Licensed Firms Pakistan has lifted its 2018 crypto banking ban, allowing licensed firms access to banking servi...
Bitcoin Wholecoiner Exchange Flows Drop to 2018 Levels, Tightening Supply
Bitcoin wholecoiner exchange inflows collapse to 2018 levels as long-term holders tighten supply and short squeeze signals build. The post Bitcoin Wholecoiner Exchange Flows Drop to 2018 Levels, Tight...
Bhutan moves 250 BTC as 2026 outflows top $240 million: Arkham data
Bhutan moved 250 BTC on April 13, extending 2026 outflows to $240 million as holdings fell 73% from an October 2024 peak.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.