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"Dormant Wallet Resurrects: $5M Crypto Buy After Loss; Fidelity Sees $91M Outflow; Litecoin ETF Approval Nears 90%
Generated by AI AgentCoin World
Thursday, Feb 20, 2025 9:12 pm ET1min read
An address that had previously lost $5 million in VIRTUAL has started buying VIRTUAL again, according to data from a leading cryptocurrency exchange. This comes as a surprise to many in the crypto community, as the address had been dormant for some time following the significant loss.
Yesterday, there was a net outflow of $88.2 million from Fidelity's Bitcoin Fund (FBTC) and a net outflow of $2.8 million from its Ethereum Fund (FETH). This suggests that investors may be taking profits or moving their assets to other investment vehicles.
In other news, the probability of Litecoin ETF approval has reached 90%, according to a Bloomberg ETF analyst. This is a significant development for the cryptocurrency, as an ETF could increase its liquidity and attract more institutional investors.
A whale, or a large investor, has withdrawn 174,000 SOL from Binance and staked it in the past 4 days. This suggests that the investor is bullish on the Solana ecosystem and expects its value to increase in the near future.
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