Bitcoin whales are accumulating BTC around $48K, on-chain data suggests
Big Coinbase outflows show that some big players are scooping up Bitcoin on dips below $50,000. Go to Source Powered by WPeMatico
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What Bitcoin price levels will invalidate the short-term bearish scenario?
Bitcoin struggling to break above $51,600 could trigger another big drop in BTC price. Go to Source Powered by WPeMatico
Whales offloaded 140K Bitcoin this month: Glassnode
Whales have been offloading their BTC this month after a sustained period of accumulation. Go to Source Powered by WPeMatico
Whale who sold Bitcoin before 2020 crash cashed out $156M before this week’s 20% dip
A serial seller with a lot of BTC to their name chose to divest themselves of a large chunk of Bitcoin just before Monday’s crash to $47,400. Go to Source Powered by WPeMatico
Bitcoin whales continue to accumulate despite BTC price holding above $50K
The number of Bitcoin whales is increasing as the price of BTC continues to rise. Go to Source Powered by WPeMatico
Bitcoin whale clusters pinpoint $44,214 as the key near-term price level
Whale clusters show Bitcoin needs to defend $44,214 to see a continuation of the rally. Go to Source Powered by WPeMatico
Bitcoin’s ‘Elon Musk pump’ rally to $48K was exclusively driven by whales
Bitcoin whales drove the rally to $48,000 and are aggressively buying, Binance exchange data shows. Go to Source Powered by WPeMatico
A Mysterious Dogecoin Address Absorbed 27% of the Supply, the Top 20 Addresses Captured 50%
Just recently, the crypto asset dogecoin has seen some significant price gains and on Wednesday, Tesla’s founder Elon Musk tweeted about the digital currency incessantly. While people have been discussing the dogecoin pumps and Elon’s suggestive tweets, crypto supporters have been discussing a single dogecoin address that holds 36 billion tokens or more than 27% … Read more
Analysis Shows Bitcoin Whales Are Stockpiling, but ‘BTC Ownership Is Not Highly Concentrated’
During the last few months, a few reports from mainstream media (MSM) outlets tried to prove that a large sum of bitcoin is controlled by a small group of people. Recently, Bloomberg claimed that “2% of accounts control 95% of all bitcoin,” a claim that doesn’t hold weight to onchain analysts. On Tuesday, Glassnode researcher … Read more
Bitcoin Whales Grow After Price Bottoms, Analyst Says ‘Coins Are Moving to Very Strong Holders’
While the price of bitcoin has been consolidating just above the $30k handle, onchain data shows that when the price dropped to $28,800, bitcoin whales bought the dip. Statics from Glassnode’s web portal shows the number of addresses with more than 1,000 bitcoin has spiked after hitting the price bottom. The Number of Addresses Holding … Read more
