The 2013 whale who accumulated 5,000 bitcoins at a low price continues to sell, sending another 500 coins to Binance yesterday.
On March 28th, per Arkham’s monitoring, an OG who purchased 5,000 Bitcoin in 2013 at an average price of $332 has again taken profits—transferring 500 Bitcoin to Binance. His last sale occurred just a week prior, when he sent 1,000 Bitcoin to the exchange.
12 minutes ago
Bitcoin Price Below $60,000: Breakeven Cycle May Extend to 2027, Whale Selling Pressure Intensifies Downside Risk
March 28, Cointelegraph reports latest data showing Bitcoin’s recovery to its all-time high could be delayed until 2027 if it falls further below $60,000.
Analysis notes Bitcoin has retraced ~48% from its 2025 peak near $126,000. Historically, each additional 10% drop extends the average recovery period by ~80 days. A $60,000 bottom would mean ~300 days to rebound—but a dip to $40,000–$45,000 (pushing total retracement above 60%) could stretch recovery to ~440 days, pushing the timeline to post-Q2 2027.
On-chain indicators also signal the bottom hasn’t been confirmed. The Blockchain Coincidence Index (BCMI) currently sits at ~0.27, above its historical bottom range (0.12–0.15)—pointing to potential further downside.
Fund flows show whale selling is ramping up pressure: large holder selling has hit an 18-month high, while liquidity in both spot and derivatives markets is weakening simultaneously. Institutions say the market is in a deep correction; a continued tight macro envir
12 minutes ago
United Nations Development Programme Advances Blockchain Infrastructure: 42 Cases Covering Payments, Climate, and Digital Identity
March 28 — Cointelegraph Research’s latest report reveals the United Nations Development Programme (UNDP) is applying blockchain technology to public digital infrastructure, with a focus on tackling transparency, collaborative efficiency, and data trust-sharing issues in government systems.
The “New Tech, New Partners” report outlines 42 real-world cases across digital payments, financial inclusion, climate funds, data governance, and community investment. Seven of these cases focus on digital identity and data systems, primarily in developing economies across Africa, Latin America, Asia, and Eastern Europe.
Research notes UNDP uses a “Pilot-Validate-Scale” implementation model: working with governments, developers, and local businesses to roll out small-scale projects first, then scale up gradually based on real-world results. It also emphasizes a “platform-agnostic” architecture to keep systems open and interoperable.
Furthermore, the report stresses the importance of govern
12 minutes ago
Binance OTC Trading Volume Surges: Two-Month Volume Reaches 25% of Last Year, Institutional Funds Accelerate Bitcoin Entry
March 28th — Binance released its March 2026 Over-the-Counter (OTC) and Execution Services Report on Saturday, noting a sharp rise in institutional demand since the start of the year. OTC trading volume in the first two months of 2026 has reached 25% of 2025’s full-year volume, reflecting large institutional funds’ growing reliance on off-exchange liquidity and execution services.
The report notes that amid macroeconomic and geopolitical uncertainty, Bitcoin traded between $60,000 and $78,000 in February, yet institutional capital continued to flow in. BTC’s share of OTC trading jumped from 4.91% in January to 45.81% in February. Inflows in stablecoins and fiat currencies also rose significantly, signaling bottom-fishing activity.
Binance OTC also demonstrated its prowess in executing complex trades: a $105 million WBETH-to-ETH swap was completed in 2 hours with roughly 50 basis points (bps) slippage—about 75% better than optimized order book execution—sharply improving fund efficien
12 minutes ago