Bitcoin (CRYPTO: BTC) has fallen about 26% over the past month, yet on-chain data show a steady rise in large wallet holders, a pattern historically associated with accumulation phases.

Large Wallets Near Record Levels

Bitcoin is approaching 20,000 wallets holding at least 100 BTC, equivalent to roughly $6.78 million per wallet at current prices, Santiment data shows.

These addresses are typically linked to high-net-worth individuals, funds, long-term holders or institutions.

The increase in 100+ BTC wallets during a price decline is generally considered a bullish signal, suggesting larger players are accumulating as retail participants distribute.

However, the overall percentage of supply…

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Billionaire investors had already built exposure. The cost curve is now being rewritten. Shares of Block Inc (NYSE:XYZ) surged roughly 20% premarket after CEO Jack Dorsey announced the company will cut nearly 4,000 employees — about 40% of its workforce — to become “more compact, flat, and AI-focused.”

The stock, currently up over 17% and trading at around $63.90 per share, entered the week down double digits year to date. Then Dorsey rewrote the operating model.

Billionaires Were Already Buying

In the fourth quarter, ARK Investment Management, led by Cathie Wood, increased its Block stake by more than 26%, owning roughly 3.4 million shares.

Tiger Global Management, run by Chase Coleman,…

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Ethereum (CRYPTO: ETH) has fallen roughly 35% over the past month, yet strong on-chain activity and high-profile holders speak to some bullish sentiment remaining..

CryptocurrencyTickerPriceMarket Cap7-Day TrendEthereum(CRYPTO: ETH)$1,960.50$236.7 billion+0.9%Bitcoin(CRYPTO: BTC)$66,115.02$1.32 trillion-1.5%XRP(CRYPTO: XRP)$1.37$84 billion-1.6%

Trader Notes: Altcoin Sherpa said Ethereum could be forming a bottom if selling pressure continues to ease and network activity remains firm.

Historically, Bitcoin tends to lead early in a cycle, with Ethereum outperforming once capital rotates into altcoins.

He added that a sustained risk-on environment and Bitcoin stabilization would be key…

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Bitwise Chief Investment Officer Matt Hougan dismissed conspiracy theories blaming Jane Street and others for Bitcoin’s (CRYPTO: BTC) decline, arguing “a bunch of people who were long Bitcoin sold their Bitcoin exposure” as BTC consolidates between key Fibonacci levels.

The Boring Reality

Hougan on X pushed back against escalating conspiracy theories targeting different firms each week. 

“First it was Binance and then it was Wintermute and then it was an unknown offshore macro hedge fund and then it was paper bitcoin and today it is Jane Street and next week it will be someone else,” Hougan wrote.

The actual reason is straightforward. People sold Bitcoin via spot, unwound…

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A federal judge on Thursday rejected a request by cryptocurrency exchange Binance (CRYPTO: BNB) for arbitration in a case involving customer claims over losses from unregistered tokens.

Customers Can Pursue Claims, Rules Judge

U.S. District Judge Andrew Carter of the Southern District of New York ruled that Binance failed to adequately inform its customers about changes to its terms of usage, reported Reuters. These changes included an arbitration requirement and a class-action waiver.

Carter deemed the alleged class-action waiver in Binance’s 2019 terms of use “ambiguous and unenforceable.”

A Binance spokesperson told Benzinga that the company would “vigorously defend the…

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MARA Holdings Inc. (NASDAQ:MARA) CEO Fred Thiel said Thursday the company plans to adopt an opportunistic approach, leveraging Bitcoin (CRYPTO: BTC) to enhance “financial flexibility” where appropriate.

MARA Records Paper Losses On Bitcoin

During MARA’s fourth-quarter earnings call, Thiel admitted that recent volatility in Bitcoin price has affected the sector’s sentiments and aspects of the company’s trading performance.

The company reported a fourth-quarter net loss of $1.7 billion, primarily due to a $1.5 billion hit from the fair value markdown on its Bitcoin holdings. The apex cryptocurrency tumbled 23% during the quarter.

“Historically, we retained the majority of the…

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Eric Trump, co-founder and Chief Strategy Officer of American Bitcoin Corp. (NASDAQ:ABTC), said Thursday that the company’s core long-term strategy is to increase Bitcoin (CRYPTO: BTC) on its balance sheet.

‘We Believe In Bitcoin In The Long Term’

During American Bitcoin’s fourth-quarter earnings call, Trump was asked about the company’s capital allocation between its mining segment and purchasing Bitcoin on the open market.

“We believe in Bitcoin in the long term, and when there are right and opportunistic moments where we believe that we can get a strong return on mining, we will do so,” he responded.

Trump said that the company will prioritize mining when it can secure a…

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