The crypto washout extended to ETFs on Monday, with Bitcoin ETFs seeing a $363 million outflow while Ethereum ETFs saw an exit of $76 million.
On the intraday price action, Bitcoin tested a 13-day low of $112.2k with short-term holder cost basis now at $111.4k.
Exchange BTC balances down ~31,265 BTC over four weeks; wallets holding 10–10k BTC have added 56,372 BTC since Aug. 27. This shows that whales continue to accumulate the dip.
If $112k holds over the next day, buying in tranches to lower cost basis remains a constructive path; sustained trade below $111.4k risks a structural shift.
Bhutan has hired 3iQ to earn yield on part of its Bitcoin and given Gelephu a central bank that can hold crypto, while disclosing less and less about the coins themselves.
A royal decree turns the Gelephu Financial Services Office into the Gelephu Central Bank, with monetary policy, reserve and payments powers and a path to a city currency. The timetable and its relationship with Bhutan's national central bank are unclear
Withdrawals reopened Sunday with a $3.6 billion net outflow and a proof-of-reserves snapshot is out, but Binance has not published its technical post-mortem or said how attackers got in beyond a compromised laptop
The bank says Hong Kong is the first market in its group to get the product for corporate clients, which settles between banks in central bank money around the clock. Blockhead reported a Singapore launch with Ant International in December
