Market analysis, price movements, and trading insights
The largest transfers went to credit and trading firm Two Prime, which received more than 660 BTC, while additional chunks were sent to a BitGo address and a fresh wallet.
A sharp rise in volatility, a spike in defensive positioning and an increase in fear-driven search interest typically push the index lower.
Kalshi has seen nearly $170 million in Super Bowl-related bets, and its move to boost oversight comes as prediction markets come under scrutiny by regulators and Congress.
Vyper said its infrastructure will be migrated to Pump.fun's Terminal and the Vyper product will eventually be sunset.
Bitcoin's volatility gauge, the BVIV, spiked to nearly 100%, its highest level since the 2022 FTX collapse.
BTC fell as much as 4.8% to around $60,033 during late U.S. hours, before snapping back to as high as $65,926.
Shares fell after both companies reported quarterly revenue below Wall Street expectations as Bitcoin dropped sharply.
Bitcoin plummeted to a low of around $60,000 after the Crypto Fear & Greed Index hit its lowest score since mid-2022, when the Terra blockchain collapsed.
QCP's Darius Sit says October's deleveraging event exposed the real divide: bitcoin trades like collateral, altcoins trade like a bet on exchange governance
A single-day 14% drop and a drawdown of more than 50% have pushed Bitcoin into territory typically associated with bear markets.
Analysts said repeated failures to hold key support levels have pushed market sentiment firmly into a risk-off stance.
