Whale Moving Large Stash Of Ethereum To Kraken, Prices Bullish And Unmoved

The crypto market has now seen a much-needed recovery after weeks of flat market prices. Most digital assets in the space are currently in the green and Ethereum is no different. The second-largest cryptocurrency by market cap is up by more than 14% in the last 24 hours, plunging more investors into profit. Just like everyone else, a dormant whale has roused from their sleep to benefit from the current market recovery. Ethereum Whale Wakes Up Through the recovery that has rocked the crypto market, none has been more interesting than the ETH whale that has roused after more than 6 years of....

Back in July when Judge Analisa Torres first declared XRP programmatic sales do not qualify as securities, the token price had rallied. However, now that the euphoria from the ruling has worn off and the United States Securities and Exchange Commission (SEC) has begun to fight back, the coin’s price is correcting back downward, prompting massive sell-offs of the token. Whale Moves 29.3 Million XRP To Exchange On-chain whale tracker has flagged an XRP transaction that could spell bearish pressure for the price of the cryptocurrency. According to the post made on X (formerly Twitter), a....

On July 12, an old whale from 2012 spent 740 bitcoin worth roughly $26 million at the time of transfer after nine years of choosing not to move the coins. The whale acquired the bitcoin on May 31, 2012, when the stash of crypto was only worth $3,700. Old School Whale Moves 740 ‘Sleeping Bitcoins’ Bitcoiners noticed a whale move 740 bitcoin (BTC) on Monday after the coins sat idle for over nine years. The bitcoin sat for approximately 3,330 days as the BTC was acquired on May 31, 2012. The address saw life in the spring of 2012 and the wallet has been stacking small increments....

The unmoved supply of bitcoin continues to grow despite declining prices. This has various implications for the digital asset, with the major one being the volume of available supply in the open market. For most bull rallies in the past, this unmoved supply had remained low, declining at points where investors dumped their bags to avoid the crash. But this illiquid supply is once again on the rise. 60% Of Bitcoin In Unmoved Supply Bitcoin has maintained its position as the leading crypto investment. This is why owning the cryptocurrency is one of the most coveted positions in the space.....

Bitcoin whale clusters show $23,409 as a key support area, which means the ongoing rally has a strong floor. Bitcoin (BTC) whale clusters show that the $23,409 level has become an area of focus for large traders. This indicates that the ongoing bull run is buoyed by whales continuing to accumulate above $23,000.Whale clusters form when whales purchase Bitcoin and do not move their BTC holdings from the price of purchase. Clusters are useful in determining Bitcoin’s support levels, especially when the market moves rapidly.Bitcoin whale clusters. Source: Whalemap.io"Should not be going lower....