Cryptocurrency Analysis and News Portal
The Wall Street Bets phenomenon recent took a grasp of the crypto market, with an army of retail investors first targeting Dogecoin before setting their sights on XRP XRP saw some slow momentum at first, but rumors regarding a “pump and dump” Telegram chat looking to rocket its price quickly circulated This
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Over the last few days, whales and miners have been depositing the largest amount of Bitcoin this year, yet despite all the selling, price is soaring. The reason? Elon Musk has changed his Twitter bio to include the cryptocurrency’s hashtag and it has ignited a flood of FOMO from retail
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Bitcoin has been facing some immense selling pressure today that has caused its price to plunge below $30,000 This was previously strong support for the crypto, and it is now testing the support it has at its multi-week lows of $29,000 Where the market trends next will likely depend largely on whether
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Bitcoin (BTC) whales clearly expect massive price rises in future as the number of wallets containing over 1,000 BTC ($35 million) hits an all-time high.Data from on-chain analytics resource Glassnode confirms that as of Jan. 20, there were in excess of 2,400 large-balance wallets.Whale wallets hit record highsIn 2021 alone,
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Bitcoin (BTC) is changing hands fast after its drop to $32,000 and only millionaires are winning, data shows.Statistics governing wallet balances from Glassnode on Jan. 11 reveal that the main investors “buying the dip” are those with a balance in excess of 1,000 BTC ($36 million)."Millionaire" wallets keep growingCompiled by
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Bitcoin (BTC) whales in South Korea have been selling heavily across major exchanges throughout the past week. Data shows that multiple $100 million deposits to Bithumb have been spotted in the last three days alone.By volume, South Korea has a much smaller cryptocurrency exchange market compared to the United States.
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Bitcoin price has re-established the $40,000 level as support but as bull push toward a new all-time high the possibility of another sharp sell-off looms.According to analysts at Material Indicators, a crypto analytics company, mega-whales sold off steeply when Bitcoin hit $40,000 on Jan. 7. This led to a quick
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Summary:Bitcoin whales are depositing less BTC to crypto exchangesThis is a possible sign of seller exhaustion by Bitcoin whalesInstitutional investors continue scooping up BTCBitcoin could very well attempt a $30k all-time highBitcoin whales are making fewer deposits of their BTC to crypto exchanges. This is according to an analysis by
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Bitcoin (BTC) whales have been buying more since Christmas, on-chain data shows. This indicates that high-net-worth investors are continuing to eat up the supply of BTC.It is nearly impossible to segregate institutional investors from individual investors through on-chain data. However, the trend shows that investors with large capital are increasingly
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Quick take:Bitcoin whales worth $20 Million and above have collectively accumulated 500k BTC since SeptemberThis amount is roughly worth $11.5 Billion and explains why Bitcoin’s value has risenBitcoin is currently experiencing a cool-down around the $23k price levelThere is a 50:50 chance that it goes either way for BitcoinA record
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