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Holders of more than 10,000 BTC, or Bitcoin whales, have lately exhibited some novel behavior: They are accumulating Bitcoin steadily. The most recent data show that the Accumulation Trend Score for this cohort has jumped above 0.5—indicating the kind of clear, positive trend that a Bitcoin bull would like to see. By contrast, holders with … Read more
Bitcoin’s price continues to impress, reaching an all-time high of about $88,350 and marking a rebound from the dip a couple weeks ago of around $77,500. Multiple supposedly “significant” factors appear to be driving this price action, among them: supposedly meaningful exchange outflows, renewed accumulation by so-called Bitcoin whales, and, it seems, an overall upswing … Read more
In a move that has stirred the cryptocurrency community, Mt. Gox, the notorious exchange that halted withdrawals in 2014 after a massive hacking incident, has recently sent 24,052 BTC, worth about $2.43 billion, to a new wallet labeled “1N7jW.” The timing of the transaction seems rather auspicious, occurring just as Bitcoin itself was breaking through … Read more
Recently, Bitcoin’s options markets have shifted notably, with investor sentiment moving distinctly in the direction of something un-Bitcoin-like: wanting to buy a little more insurance against the possibility of price declines. This tide shift is expressed in the way the Volatility Smile—imagine it as a sort of hill or ridge—now favors puts over calls, which … Read more
A Bitcoin address associated with a whale has made some long-awaited moves, transferring 300 BTC valued at about $25.1 million to the FalconX platform after sitting still for 1.5 years. This transaction is quite a change from the whale sitting still for 1.5 years (and doing nothing) and also for sitting still (and doing nothing) … Read more
The continued growth of Bitcoin is reflected in the rise of its holders, with the total number of not-empty wallets now exceeding 54.71 million. This figure is tantalizingly close to the all-time high of about 54.72 million; a record set on January 19, 2025. Amidst the wilder fluctuations that have marked the recent history of … Read more
Bitcoin, the largest and most recognized cryptocurrency in the world, has become a magnet for not only investors but also speculators and other market participants. Its not-so-long but quite eventful history is dominated by lightning-speed price movements alongside some pretty eye-popping price levels. Understandably, then, the story of Bitcoin’s price is often told in terms … Read more
Bitcoin (BTC) has long held a dominant position in the cryptocurrency market for years. However, recent trends show a shift in the landscape as Bitcoin’s market dominance faces increasing pressure from Ethereum (ETH) and other Layer 1 networks. While Bitcoin’s dominance in terms of market capitalization has been steadily increasing since 2022, when measured by … Read more
The market pressure on Bitcoin remains severe. Recent purchasers of the cryptocurrency are increasingly selling their holdings. Why? Because these newer investors are spooked by a combination of factors: heightened volatility, weak demand, and cash-short cryptocurrency exchanges. Despite attempts at bottom-fishing by some investors, overall sentiment is too cautious to consider the BTC price as … Read more
Bitcoin’s realm has experienced some pretty momentous moves lately. Data shows that the total amount of BTC held by our oceanic friends has dropped to its lowest level since 2019. This decline marks a six-year low in whale holdings, and it has our investors and analysts scratching their heads and trying to figure out what … Read more