According to Foresight News, Mike Alfred, the founder and managing partner of Alpine Fox LP, tweeted that “they (institutions) are doing everything they can to use various means, including manipulating Perptual Futures, futures, and other derivations, to try to lower the price of Bitcoin. They are working overtime to intimidate the public, trying to get them to sell Bitcoin. Don't be fooled! This is one of the biggest eyewashes I've seen in the market.” Tom Lee, chairman of BitMine, subsequently retweeted the post and expressed his agreement.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bhutan Sells $18.46M BTC in 24 Hours, $264M Holdings Remain
Bhutan sold about $18.46 million in Bitcoin recently, retaining around 3,524 BTC valued at $264 million. Their strategy has shifted from accumulation through hydropower mining to active liquidation, having sold $198 million since 2026. Further sales could reduce holdings significantly by September 2026.
GateNews9m ago
Central African Republic Approves Cryptocurrency Regulation Bill, Not Bitcoin Legal Tender
The Central African Republic's parliament approved a cryptocurrency regulation bill, legalizing its use in financial markets while imposing strict penalties for offenses. The regulation aims to streamline remittances and provide access to digital currencies, despite concerns over crime and donor disbursements.
GateNews39m ago
Abraxas Capital Continues Depositing BTC to Major CEX, Totaling $691M Since Mid-March
Abraxas Capital has deposited 1,993 BTC valued at $148.3 million to a centralized exchange, bringing their total transfers to 9,582 BTC worth $691 million since March 14. They now hold 20,337 BTC valued at $1.51 billion, indicating continued institutional accumulation.
GateNews45m ago
Morgan Stanley Bitcoin ETF Surpasses WisdomTree in Inflows
Morgan Stanley's Bitcoin Trust (MSBT) surpassed WisdomTree's Bitcoin Fund (WBTC) in cumulative net inflows on Wednesday, just over a week after launching on April 8, 2024, according to flow data from Farside Investors. MSBT attracted $19.3 million in fresh investor capital on Wednesday alone,
CryptoFrontier1h ago
STRC Trading Volume Tops $1.1 Billion as Strategy Expands Bitcoin Treasury Play
Strategy Inc.’s perpetual preferred stock STRC just posted its busiest day yet, and the real headline is not the ticker tape theater but the simple fact that the company’s bitcoin buying machine found another way to run hotter.
Key Takeaways:
Strategy’s STRC hit $1.1B on April 13, 2026, setting a
Coinpedia3h ago
