Who is behind the $2B of daily Bitcoin profit-taking?

Rise’n’Crypto

It has been a tumultuous 24 hours for Bitcoin, which nearly dropped out of the $90K range as long-term holders took huge profits. But, it seems, primarily "long-term holders" in a technical sense, as the real veterans are as diamond-handed as ever. And for good reason, because it seems the recent correction has not done much damage to Bitcoin's odds of a $100K price tag before 2025. Outside of BTC, we look at Binance delisting five tokens and sending them tumbling, Brazil considering a Bitcoin reserve and Tornado Cash getting a court victory in the US.
Further reading:

• Bitcoin $2B daily profit-taking involves mostly new hodlers — Research
• Bitcoin has a 50-50 chance of reaching $100K by year-end: Options data
• Binance delisting sends five tokens tumbling 40%
• Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks
• Big victory in Tornado Cash case as judge says OFAC exceeded authority

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.
Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com
The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.