
Maryama 🎩 🎭
@maryama
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A trader who had a 100% success rate in his trades over the past month has now seen his positions plummet in value.
According to data from OnChainData, the trader, who had made 29 long trades on Bitcoin, Ethereum, Solana, and Chainlink over the past month, all of which were profitable, is now seeing a significant drop in the value of his assets.
During this period, his total trading profit was over $2,300,000. However, the value of his open positions has now dropped by over $2,000,000, wiping out a significant portion of his previous profit.
This drop could be due to a market correction or a sudden drop in the price of Bitcoin. However, no further details about the identity of the trader have been released, and the only information available is related to his trading activity data.
As the cryptocurrency market continues to experience extreme volatility, this trader's experience is a reminder that even the most professional traders can face serious risks. 1 reply
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BlackRock, through its iShares Bitcoin Trust (IBIT), now holds more than 662,500 Bitcoins, or more than 3% of the world’s total supply, according to reports. The total is worth $72.4 billion, making IBIT one of the largest holders of Bitcoin in the world.
The fund, which launched on January 11, 2024, has managed to grow its assets under management to more than $70 billion in just 341 days, a record that the GLD gold fund reached in 1,600 days. Currently, only Satoshi Nakamoto, with an estimated 1.1 million Bitcoins, holds more than BlackRock. 0 reply
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BlackRock’s Bitcoin ETF has surpassed $70 billion in value in less than a year, setting a new record for the fastest ETF growth in history. The iShares Bitcoin Trust (IBIT) reached the milestone in just 341 trading days, beating the previous record of 1,691 days held by the GLD gold fund.
According to data released by Eric Balchunas, senior ETF analyst at Bloomberg, IBIT is now the fastest-growing ETF in history. Other major ETFs, such as IEFA and VOO, reached similar levels in 1,773 and 1,703 days, respectively.
The steady inflow of capital since its inception has made IBIT the top Bitcoin ETF. The fund currently holds 661,457 Bitcoin units, surpassing Michael Silver and Strategy as the largest institutional holder of Bitcoin. The ETF is currently trading at $61.46 per share, up 3.71% in the past 24 hours. 0 reply
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