US Treasury Holds Talks With Crypto Companies on BTC Reserves
This week, the US Department of the Treasury held a meeting with representatives of three major cryptocurrency companies. The main topic of discussion was the secure storage of Bitcoin and other digital assets in government reserves.
One of the participants in the meeting was Nathan McCauley, CEO of Anchorage Digital, a company specializing in crypto asset custody.
According to McCauley, the US government is exploring various ways to securely store cryptocurrencies and is considering the inclusion of Bitcoin in national reserves. There is also discussion about adding other crypto assets to the country’s strategic reserves.
Additionally, US authorities are analyzing the potential impact of creating such reserves on the country’s financial system and evaluating the consequences of stablecoin legalization.
For now, the Treasury has made no official statements, but the fact that such negotiations are taking place indicates growing US interest in cryptocurrencies.
Despite Outflows From BTC ETFs, Large Investors Maintain Positions
Over the past month, there has been a significant outflow of funds from Bitcoin ETFs, but most long-term investors continue to hold onto their assets.
The total amount of BTC held in Bitcoin ETFs still exceeds 1 million BTC, indicating that despite market volatility, institutional investors are not rushing to exit.
Whales Bought 60,000 BTC in One Week
While some players are taking profits, others are using the market correction to increase their holdings.
Over the past week, whales have acquired more than 60,000 BTC, which reflects high institutional confidence in Bitcoin as a strategic asset.
Such whale behavior may signal a potential market reversal, especially if demand continues to grow.
21Shares to Shut Down Bitcoin and Ethereum Futures ETFs
Swiss investment giant 21Shares has announced the closure of its Bitcoin and Ethereum Futures ETFs.
According to the company, the decision was driven by declining investor demand for these instruments.
Despite the popularity of spot Bitcoin ETFs, futures-based ETFs have failed to achieve the same level of success. This suggests that investors prefer direct asset ownership rather than trading derivative financial instruments.
Record Number of Short Positions on Ethereum – Possible Short Squeeze
The market is currently seeing a record number of open short positions on Ethereum, which could lead to a short squeeze.
A short squeeze occurs when a large number of traders who opened short positions are forced to close them due to a sharp price increase. This triggers mass liquidations, further accelerating the asset’s price surge.
If Ethereum’s price rises sharply, it could cause massive short liquidations, leading to a rapid and strong ETH rally.
The cryptocurrency market remains in the spotlight for both institutional investors and government agencies.
– The US Treasury is studying the possibility of including BTC in national reserves
– Despite outflows from BTC ETFs, large investors continue holding their positions
– Whales are actively buying Bitcoin, accumulating 60,000 BTC in a week
– 21Shares is shutting down Bitcoin and Ethereum futures ETFs due to declining demand
– A record number of short positions on Ethereum could trigger a short squeeze and rapid ETH price surge
In the coming weeks, market attention will focus on US Treasury regulatory decisions, institutional investor activity, and potential Ethereum price movements due to the record level of short interest.
