Analyst Claims XRP has Room for a 100% Rally as Whales Accumulate
Bitcoin’s price action as of late has been incredibly bullish, but altcoins like XRP and Ethereum have continued their descents as traders and investors alike both set their sights on the benchmark cryptocurrency. One trader is now noting that XRP – which is currently trading at multi-year lows against its BTC trading pair – could […]
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The Bitcoin price currently remains in a vulnerable position. Meanwhile, recent on-chain data suggests that Bitcoin whales are accumulating, but contrary to popular rumors, BlackRock isn’t among them. Meanwhile, analysts are divided on whether the worst is behind for Bitcoin’s price. Whales Accumulate Bitcoin, But It’s Not BlackRock On-chain analyst James V. Straten recently highlighted a trend in the accumulation score by cohort chart. He remarked, “Seems like peak Bitcoin distribution is behind us, as we can see a slight tick-up in accumulation. This is the most....
According to a number of different data points, bitcoin whales saw last week’s volatility and price declines as a chance to accumulate.
Cardano is recently witnessing more activities from top whales. The whales have pushed their total Cardano holdings close to 3 billion ADA. According to a crypto analyst @ali_charts, Cardano whale addresses holding between 100 million and 1 billion ADA tokens have been on a huge accumulation campaign. But ADA price is yet to reclaim its hold on the $0.40 it lost last week. Cardano Whales On Buying Spree The crypto analyst noted the top Cardano whales had amassed about 560 million ADA tokens over the past two weeks. He made the report based on data from an IntoTheBlock chart. At the time of....
The buying rampage of Shiba Inu tokens by Ethereum whales does not seem to be ceasing anytime soon. Over the past week, these whales seem to have made it their mission to accumulate as much of the meme coin as possible, adding trillions of tokens to their balances collectively in the same time period. Recently, […]
The number of Bitcoin whales is increasing as the price of BTC continues to rise. The number of whale addresses holding Bitcoin (BTC) have hit a new all-time high, the latest data shows. This can be considered bullish, particularly as the price of BTC is showing staying power above $50,000.The increase in the number of whales indicate that high-net-worth investors are actively accumulating Bitcoin as the bull market continues.Number of addresses holding $1m Bitcoin. Source: GlassnodeWhy is the rising number of whales important?During bull cycles, the price of Bitcoin could be at risk of a....