Bitcoin Investors Pivoting To Accumulation, But Mega Whales Are Still Selling
On-chain data shows the Bitcoin mega whales are still in a phase of distribution despite the other cohorts shifting to buying. Bitcoin Mega Whales Have Continued To Sell During This Rally According to the latest weekly report from Glassnode, the Bitcoin Accumulation Trend Score suggests a resurgence in buying among the investors. This on-chain indicator basically tells us whether the BTC holders are buying or selling. The metric calculates its value by not only looking at the balance changes happening in the wallets of the investors, but also accounting for the size of the wallets....
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On-chain data shows the 30-day netflow of the XRP whales has remained deep negative recently, a sign that the asset is under persistent selling pressure. XRP Whale Flow Is At A Negative $50 Million Per Day At The Moment As explained by CryptoQuant community analyst Maartunn in a new post on X, XRP whales have been offloading coins recently. “Whales” refer to the big-money investors who hold significant amounts in their wallets and carry some influence in the market. The behavior of these key investors can often be worth keeping an eye on, as even if it may not always directly....
On-chain data shows the largest of the Bitcoin whales have returned to distribution, a sign that could be bearish for the asset’s price. Bitcoin Investors With More Than 10,000 BTC Are Selling Again As explained by analyst James V. Straten in a new post on X, the BTC whales, who had earlier been in a phase of accumulation, have switched their behavior to that of distribution now. The relevant indicator here is the “Trend Accumulation Score” from Glassnode, which keeps track of whether Bitcoin investors have been buying or selling during the past month. This metric finds....
The so-called "mega whales" have accumulated over $712 million worth of XRP tokens since December 2021. XRP addresses that hold at least 10 million native units have returned to accumulating more in the past three months, a similar scenario that preceded a big rally for the XRP/USD and XRP/BTC pairs in late 2020.The return of XRP 'mega whales' A 76% spike in XRP "mega whale" addresses since December 2021 has been noted by analytics firm Santiment showing that they added a total of 897 million tokens, worth over $712 million today, to their reserves.The platform further highlighted that the....
On-chain data shows all Bitcoin investor cohorts have pivoted to distribution recently, an indication that a shift in market mood has occurred. Bitcoin Accumulation Trend Score Has Turned Red For All Holders In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Accumulation Trend Score of Bitcoin for the various investor cohorts. The Accumulation Trend Score measures, as its name suggests, the degree of accumulation or distribution that BTC holders are participating in. Related Reading: 215% PENGU Rally Incoming? Analyst Says Token ‘Inches’ From....
On-chain data shows that the largest number of investors in the Bitcoin market are finally buying, which could be bullish for the asset’s value. Bitcoin Mega Whales Have Shown Net Inflows In The Past Day In the past few weeks, the Bitcoin price has struggled to mount any significant bullish momentum as it has been stuck consolidating inside a range. Earlier, while this was happening, the largest holders in the space had been sitting quietly, not buying or selling anything notable. According to data from the market intelligence platform IntoTheBlock, however, this appears to have....