Massive $5B sell-off from a Bitcoin whale as BTC ETFs scoop up sats

We have a fascinating episode to cap your week off. One Bitcoin whale, who bought $5 billion worth of BTC in the last bull cycle, dumped the lot when Bitcoin hit $49,000 after the U.S. SEC approved spot Bitcoin ETFs. Did this spark a nosedive in BTC’s price that many attributed to “selling the news?” Meanwhile, spot Bitcoin ETFs are stacking sats, with over 10,000 Bitcoin purchased on day five of trading. And one trader sniped and bribed their way to $7 million of profit in under 3 hours!Further reading:Did a $5B Bitcoin whale sale spark the post-ETF BTC price crash? — William SubergFormer OpenSea manager appeals conviction, claiming NFT info isn’t ‘property’ — Turner WrightTrader bribes way to $7M profit on SatoshiVM token launch — Prashant JhaSpot Bitcoin ETFs scoop up another 10,600 BTC on day 5 — Jesse CoghlanReferences:Lookonchain SAVM tradeEric Balchunas spot Bitcoin ETF volumeSo, grab yourself a coffee, and let’s get into it! 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: @CointelegraphCointelegraph’s website: cointelegraph.comThe 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.