Luna’s BTC Reserves Gone as Exchanges Halt UST Withdrawals Amid Turbulent 24 Hours

Luna's BTC reserves are depleted as exchanges halt UST withdrawals amid turbulent 24 hours.

LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves

LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST.

Luna Foundation’s Bitcoin Reserve Wallet Now Holds $1.1 Billion in BTC

During the last week, the cryptocurrency community has been discussing the bitcoin purchases made by Luna Foundation Guard (LFG), as onchain data shows LFG’s bitcoin wallet currently holds 24,954.95 bitcoin worth $1.1 billion.

ETH Continues to Leave Trading Platforms, Ethereum Balance on Exchanges Lowest in 3 Years

While the second-largest crypto asset by market cap has gained more than 15% in value against the US dollar during the last week, the number of ethereum stored on exchanges has dropped significantly during the last few weeks.

‘We’re already buying’: Terra founder plans to obtain $10B BTC for reserves

Kwon also bullishly emphasized that its stablecoin TerraUSD (UST) backed by $10 billion-plus in BTC reserves will “open a new monetary era of the Bitcoin standard.” The founder of Terraform Labs (TFL) and Ethereum competitor Terra (LUNA) Do Kwon has outlined plans to accumulate a whopping $10 billion worth of Bitcoin (BTC) to add to the project’s stablecoin reserves.

Bitcoin Exchange Reserves Drop to Lowest Point in 3 Years

The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding.

BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low

While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021.

‘Stop panic selling’ — Bitcoin whales bag spare BTC as exchange balances fall

Old whales may have offloaded last year, but demand for BTC shows no sign of disappearing, the latest data reveals. Bitcoin (BTC) is being aggressively bought up at prices near $30,000 as bidders begin to soak up liquidity from short-term sellers.Data from on-chain monitoring resource CryptoQuant shows that as of late December, Bitcoin exchanges have begun to shed their BTC reserves once more.BTC conspicuously attractive at current levelsAfter a period of traders sending BTC to exchanges, possibly to sell or to have on the side to divest away from further losses, exchanges are now seeing larger overall outflows than inflows.Between Dec.

5 Crypto Exchanges Custody 1.6 Million Bitcoin or Close to 8% of the Capped Supply

As of December 12, around 90% of all the bitcoin that will ever exist is in circulation today, and the top five exchanges hold 1.6 million bitcoin.

Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dip

Friday's sell-off made exchanges shed excess BTC even faster than before, data shows. Bitcoin (BTC) recovered from a dip below $50,000 on Dec.

Bitcoin exchanges see large deposits despite BTC reserves hitting 3-year lows

Bitcoin price spikes continue as data reveals exchange activity is anything but flat this week. Bitcoin (BTC) whales are moving large amounts of coins to exchanges in tandem with large outflows, curious new data shows. According to the exchange whale ratio indicator from on-chain analytics firm CryptoQuant, large transactions have accounted for over 90% of recent exchange deposits.Top 10 deposits make up 90% of exchange inflowsIn a marked change from previous behavior, over the past week, whales have become much more active prospective sellers on exchanges.The exchange whale ratio, which measures how large the top 10 deposits to exchanges are relative to all deposits, is sounding the alarm.“Whales are depositing BTC to exchanges,” CryptoQuant CEO Ki Young Ju summarized. “$BTC Exchange Whale Ratio(72h MA) reached 91%.

Bitcoin Firm Reveals Its Total BTC Reserves, Urges Other Crypto Exchanges To Disclose Holdings

Crypto derivatives platform BitMEX is revealing its total Bitcoin (BTC) reserve balance and is suggesting that other exchanges go public with their reserves as well.