BTC is trading below the U.S. ETFs avg cost basis after the 2nd & 3rd biggest outflow weeks ever (last week and week before)
(and last week’s outflow will increase after IBIT reports friday’s numbers tomorrow)
this means the average bitcoin ETF purchase is underwater

Twitter

Bithumb, one of South Korea's largest cryptocurrency exchanges, has just shaken the market with a serious internal incident related to the distribution of rewards...

A Bithumb exchange employee accidentally 'gifted' 2,000 Bitcoin to a user, causing the price of BTC on the exchange to suddenly drop by 10%.

BitMEX co-founder Arthur Hayes wrote that the recent Bitcoin crash may stem from traders' concerns about IBIT (BlackRock) […]
The article, "Arthur Hayes Speculates on BTC Crash Cause: 'Institutional Hedging Operations': IBIT Options Explode $900 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Arthur Hayes speculates that the reason for the BTC crash is "institutional hedging operations": IBIT options saw a surge of $900 million.

Bitcoin ($BTC) has recently gone through a sudden shift on Bithumb, a well-known South Korean crypto exchange. In this respect, the $BTC/KRW trading abruptly plummeted over 10% below the worldwide ave...

Bitcoin Price Plummets on Bithumb after Staff Error Transfers 2,000 $BTC

disclosure https://galaxy.com/bitcoin-technical-price-disclaimer…

more here
https://twitter.com/intangiblecoins/status/2018387079973998654