Bitcoin’s price has bounced back to $94,000 after falling below $75,000 earlier this month, largely driven by large investors, known as whales, buying up significant amounts of the cryptocurrency. These whales have indicated strong demand, reflected in high accumulation scores from Glassnode, which tracks large wallets’ activities. As of Thursday, wallets holding over 10,000 BTC ...
Recent data shows that the Bitcoin Coinbase Premium Gap has fallen into negative territory, indicating a shift in Market activity, particularly among Binance whales. This gap measures the price differences between Bitcoin on Coinbase and Binance. Typically, a positive gap suggests American investors are driving demand, but the current negative reading implies that Binance traders ...
Whales and institutional investors are boosting their Bitcoin purchases ahead of Easter, anticipating a quieter Market after recent volatility fueled by global trade tensions. London-based Abraxas Capital recently acquired nearly 3,000 Bitcoins valued at over $250 million, signaling strong confidence in Bitcoin’s future. This comes on the heels of Michael Saylor’s significant purchase of Bitcoin ...
Bitcoin has recently bounced back from a low, with a noticeable increase in Whale Transaction Count, according to on-chain data. Analyst Ali Martinez highlighted that large transactions exceeding $1 million surged among whales during the recent price rise, indicating heightened interest from major investors. After a brief dip, whale activity contributed to Bitcoin’s recovery, peaking ...
Bitcoin traders should brace for a volatile week ahead, influenced by key factors. First, the U.S. is set to impose new tariffs on April 2, which could escalate ongoing trade tensions and raise inflation concerns. Second, significant activity from Bitcoin whales indicates they may be strategically buying during Market dips. Traders should also monitor a ...
Bitcoin traders are gearing up for a week filled with potential Market upheavals, influenced by a range of factors. Starting April 2, the U.S. will roll out new tariffs, sparking fears of a trade war that could escalate global economic uncertainty. In the Bitcoin Market, significant buying activity from large investors, often referred to as ...
The cryptocurrency community is buzzing after a Bitcoin wallet, once valued at $3 million in 2017, has become active again after eight years, now holding about $250 million. This surprising return has sparked speculation, with many wondering if the owner has rediscovered their private keys. Dormant wallets reawakening often lead to Market volatility and potential ...
Bitcoin’s price has mostly been stable over the past week, briefly reaching $87,000 on March 20. However, on-chain data indicates that this stagnant Market could face downward pressure soon. An analyst named EgyHash highlighted a rise in Bitcoin whale activity on centralized exchanges, which may affect the cryptocurrency’s price. The “Exchange Whale Ratio,” measuring the ...
This weekend saw a significant event in the crypto Market when a trader took a massive $445 million short position on Bitcoin with high leverage. Despite Bitcoin’s price hovering around $84,000, Market participants rallied to push prices up temporarily. However, Bitcoin ultimately fell back to about $83,358. Interestingly, the trader also invested in a new ...
Bitcoin is facing a downturn as it approaches critical price levels this March, with analysts predicting a potential drop to around $78,000 after experiencing its worst weekly performance ever. As the Market shifts into a risk-off mode amid falling stock futures, traders are eyeing the significance of the $69,000 all-time high from 2021 as a ...
