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Bitcoin (BTC) whale clusters indicate that the price could be in a short-term trend reversal after BTC’s recovery beyond $10,700. In the past two days, BTC price rose by nearly 6% from $10,135 to $10,755 across major exchanges.Whale clusters form when large investors accumulate Bitcoin and do not spend or
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Bitcoin went into the weekend on a strong note, taking out $11,000 and holding above it. But after
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According to Whalemap, an on-chain analysis firm that focuses on Bitcoin (BTC) whale activity, short-term clusters are present at $10,570.Whale clusters are shown at $10,570 and $11,288 for Bitcoin. Source: WhalemapWhale clusters form when whales accumulate Bitcoin and do not move the BTC. Areas that have large amounts of unspent
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As altcoins have strongly outperformed Bitcoin over recent weeks, a debate has erupted about the long-term usefulness and efficacy of many cryptocurrency projects. Many prominent Bitcoin proponents have come out against altcoins, saying that they provide effectively no value compared to Bitcoin. For instance, there are commentators that say Ethereum’s current
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The number of addresses holding a large number of bitcoins, popularly known as whales, has declined to 14-month lows. However, the drop isn’t necessarily a price-bearish development and may instead that the distribution of bitcoin ownership is shifting. As of Sunday, there were 103 addresses holding at least 10,000 BTC –
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Recently published data from glassnode shows there are currently more than 1,800 Bitcoin (BTC) whales. From a macro perspective, this increase in the number of whales can be considered bullish.The term whale is used within the crypto industry to describe an individual investor that holds a large amount of BTC.
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In brief:Bitcoin is once again battling to keep its head above $9,000. Bitfinex Whale, @Joe007, has since reappeared on Twitter.@Joe007 had disabled his account when Bitcoin broke $10,000 in early May and looked set for a bull run. Famous Bitfinex whale, @Joe007, is once again active on Twitter after leaving the social
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It’s been a tough past few days for Bitcoin.After holding $9,300 for days on end, the cryptocurrency on Saturday slipped under $9,000. The leading cryptocurrency reached a local low of $8,840 on many leading spot and margin exchanges.Many traders were caught off guard by this move to the downside.At least
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Whale alert reports that a so-called whale has transferred the equivalent of $2.24 billion in bitcoin for less than $7.In a series of tweets on Friday, the crypto tracking tool said the bitcoin (BTC) whale sent a total of 241,500 BTC in seven successive transactions within one hour.Each transaction,
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The number of so-called whales with 1,000 bitcoin or more in their wallets has climbed to 1,882 from around 1,650 in January. It is the highest the numbers have reached in nearly three years.Whales may be defined as the Bitcoin ( BTC) community’s own version of the ‘deep state’,
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