Wintermute founder Evgeny Gaevoy dismissed claims that Binance caused the 
October 10 crypto market crash, calling attempts to blame a single exchange 
&#8220;intellectually dishonest.&#8221; Writing on X, Gaevoy called the event as &#8220;a flash 
crash on mega leveraged market on…

Wintermute founder says Binance wasn’t at fault in October flash crash

From crypto mining to AI compute, former cryptocurrency miners are reshaping 
data center economics as Big Tech’s grip on infrastructure begins to loosen.

CoreWeave shows how crypto-era infrastructure quietly became AI’s backbone

Bitcoin slid toward $78,000 as heavy selling, institutional outflows and a 
risk-off macro backdrop intensified a sharp intraday breakdown, leaving the 
market firmly under bearish control and searching for a near-term floor. 
Bitcoin Extends Sharp Intraday Drop as Bears Maintain Control At 12:15 p.m. on 
Jan. 31, BTC is trading at $78,993 on Bitstamp, extending […]

Bitcoin Slides to $78K as Macro Stress and ETF Outflows Hit at the Same Time

Investors stepped back this week as a mix of shifting bets and quick profit- 
taking pushed money out of spot crypto ETFs. Markets moved fast, and some of 
the biggest swings were driven by short-term reactions rather than a change in 
long-term views. Related Reading: Ethereum Boost: Vitalik Buterin Sets Aside 
$45M In ETH For Privacy And Open Tech Spot Crypto ETF Flows Based on reports 
from Farside, US-based spot Bitcoin ETFs saw about $1.50 billion leave over 
five trading days, while spot Ether ETFs had roughly $327 million in outflows. 
That adds up to about $1.80 billion pulled from these funds in just a few 
days. On Jan. 14, reports note a very large inflow for Bitcoin ETFs — $840 
million — which shows how quickly money can go in and out. Some traders 
treated that day as a buying moment. Others used it to take profit. That push- 
and-pull shows up in the numbers. A Rally In Metals, Then A Sudden Drop Gold 
and silver grabbed attention when they climbed to fresh highs. Prices surged, 
and many investors moved money into precious metals. But the rally was short- 
lived. On a single trading day, gold fell sharply from its peak and silver 
tumbled even more. Reports say those sudden reversals left some investors 
rethinking their moves and helped create a wave of selling across other risk 
assets, including crypto. Bitcoin Price Action Bitcoin has been swinging. Over 
the past week, BTC fell about 6.50% while Ether dropped around 8.90%, and they 
were trading around $82,500 and $2,685, respectively, according to 
CoinMarketCap. The market had a short spike after talk of the US CLARITY Act, 
but prices then cooled. Moves like this are often tied to positioning, margin 
calls, and traders reacting to headlines. At times, large flows into ETFs have 
pushed prices up. Other times, outflows coincide with volatile days when 
traders close positions quickly. Related Reading: Bitcoin’s Slide To $82K Sets 
Off A $1.7 Billion Chain Reaction What Analysts Are Saying Reports note that 
some market watchers view the pullback as temporary. ETF analyst Eric 
Balchunas said the current negativity about Bitcoin’s price is short-sighted 
and pointed to strong performance in prior years as context. Another voice, 
Bitwise’s Matt Hougan, suggested that continued ETF demand could send Bitcoin 
into a much higher trajectory over time. These views reflect different 
timeframes — some focus on immediate flows, others on how steady demand might 
shape prices months from now. Featured image from Unsplash, chart from 
TradingView

Crypto Funds Bleed $1.80 Billion As Metals Rally Heats Up

Bitcoin spot ETFs recorded $509.70 million in net outflows on January 30 and 
mark the fourth day of redemptions in five trading sessions. BlackRock&#8217;s IBIT 
led withdrawals with $528.30 million in outflows, while Fidelity&#8217;s FBTC 
attracted $7.30 million in inflows…

Cryptocurrency price in EUR