Bitcoin Breaks $30,000 As Whales Show Outflow Activity
Bitcoin has broken above the $30,000 mark as on-chain data shows whales have been making some large outflows during the past day. Bitcoin Whales Have Made Large Exchange Outflows Today According to data from the on-chain analytics firm Santiment, 11 large BTC outflows were made from exchanges today. The relevant indicator here is the “exchange […]
Related News
Binance saw its biggest Bitcoin outflow in history after $816 million (58,861 BTC) was withdrawn in one day. Binance saw its biggest Bitcoin (BTC) outflow in history on Nov. 3, according to data from CryptoQuant. A total of 58,861 BTC were withdrawn on a single day, equivalent to $816 million.The significant spike in outflows could suggest two things. First, it might show that whales could be bracing for a rally in the near term. Second, an over-the-counter deal could have occurred, causing whales to move their funds.Bitcoin outflows on Binance. Source: CryptoQuant.comOn-chain activity....
The Bitcoin (BTC) price faces numerous heavy resistance levels in the near term, whale clusters from Whalemap show. The latest Bitcoin (BTC) whale clusters’ data shows four key short-term price levels could potentially act as resistances, namely $10,369, $10,570, $10,734 and $10,842.The hourly map of unspent Bitcoin from whales. Source: WhalemapWhalemap, an on-chain analysis firm that tracks Bitcoin whale activity, observes areas where whales, or high-net worth individuals, accumulate or move their holdings. Green clusters indicate areas where whales last bought Bitcoin. Given the tendency....
On-chain data shows a sharp spike in the Bitcoin exchange outflows, suggesting whales have been buying the dip to $39k. Bitcoin Exchange Outflows Show High Value Suggesting Whale Activity As pointed out by an analyst in a CryptoQuant post, the BTC exchange outflows have registered a large spike recently. The “exchange outflows” is an indicator that measures the total amount of Bitcoin currently exiting wallets of all exchanges. When the value of this indicator is high, it means investors are withdrawing a large amount of coins at the moment. Especially large values can imply....
On-chain data shows Bitcoin whales are currently showing the largest movement since 2017. Here’s what it might mean for the crypto. Current Bitcoin Whale Activity Is The Largest Since 2017 As pointed out by an analyst in a CryptoQuant post, on-chain data shows signs of big whale activity not seen since 2017. The relevant indicator […]
Big Coinbase outflows show that some big players are scooping up Bitcoin on dips below $50,000. Whales are continuing to accumulate Bitcoin (BTC) despite the price more than doubling so far in 2021, according to the latest data from CryptoQuant.This trend indicates that the confidence in Bitcoin is strengthening as the price is now attempting to stabilize above the $50,000 level.Why whale confidence is importantDuring bull cycles, whales can take profit on their positions, especially if the futures market is highly overcrowded.Whales selling their holdings to rebalance their portfolios can....