Prop firm news

Tether stated it holds 150,000 BTC — 50,000 more than in its report

Tether CEO (the issuer of USDT, the largest stablecoin — a coin whose rate is pegged to the dollar) Paolo Ardoino said the company holds about 150,000 BTC, worth roughly $11.5 billion. The latest reporting implies an amount $3.8 billion lower.

Miners dumped 21,140 BTC worth $1.7B on Binance, their reserves at a five-year low

On October 26, miners (companies that mine new BTC) transferred 21,140 BTC to Binance in a single stream - about $1.7 billion at prices at that time. Their own reserves dropped to 1.19 million BTC, nearly a five-plus-year low.