A rebound in the Coinbase Bitcoin PremiumIndex suggests U.S. buyers stepped in near recent lows, though it does not confirm a broader risk-on turn ... .
The key point is that most of the potentially exposed bitcoin isn’t sitting in a handful of giant, juicy targets. It’s scattered across more than 32,000 separate wallets ... .
The largest transfers went to credit and trading firm Two Prime, which received more than 660 BTC, while additional chunks were sent to a BitGo address and a fresh wallet ... .
Traders on X are pointing to everything from a Hong Kong fund blowup to yen funding stress and even quantum security fears as bitcoin’s plunge turns into a full-blown narrative vacuum ... .